Announcements‎ > ‎

8th Annual CFA Institute Research Challenge in India - Indian Institute of Management, Shillong wins East Zone Finals 2014 & 15

posted Jan 5, 2015, 11:46 PM by Research Challenge India

Kolkata, January 4, 2015  The equity market may be hot this year, but the East Zone Finals of the CFA Institute Research Challenge India for business schools in East India cranked up the heat on an otherwise cool January afternoon. Teams from IIM Ranchi, XLRI, IIFT Kolkata presented their research analysis and answered probing questions from an eminent panel of judges made up of senior portfolio managers – Basant Maheshwari, Equity Investor; Ajay Jaiswal - President and Head, Research & Investment Strategies at Microsec Capital Ltd. and Anirban Dutta, Director Jet Age Securities

And in the end, it was the team from Indian Institute of Management, Shillong, which emerged as the winner and moved to the National level.

So what is the competition all about? Every year, the Indian Association of Investment Professionals (IAIP) organizes a research challenge across five zones. “This is a national challenge that brings together top universities, their students and investment professionals in an exciting and competitive forum.  Those taking part will get a practical insight to the work of a financial analyst to the very best international standards, incorporating the core principles of ethics and best practices. It is our great pleasure to have top universities in India eager to participate again this year in this competition”, says Kishor Bagri, CFA who is Director-in-charge at IAIP. This year, 47 business schools participated and the winners of each zone will compete at the National level from where two winners will represent India in the Asia Pacific regional challenge.

It is a great opportunity for students to learn hands-on through mentoring by industry professionals and intensive training in financial analysis. Students work in teams to research and analyse a publicly traded company — sometimes even meeting face-to-face with company management. Each team writes a research report on their assigned company with a buy, sell, or hold recommendation and may be asked to present and defend their analysis to a panel of industry professionals. Introduced in 2006, CFA Institute Research Challenge is considered as "the investment Olympics" for university students, with more than 10,000 students having participated. This year, more than 3,700+ students from 825+ universities worldwide will participate in the local rounds of the competition.


About CFA Institute

CFA Institute is the global association of investment professionals that sets the standard for professional excellence and credentials. The organization is a champion for ethical behaviour in investment markets and a respected source of knowledge in the global financial community. The end goal: to create an environment where investors’ interests come first, markets function at their best, and economies grow. CFA Institute has more than 117,000 members in 140 countries and territories, including 110,000 CFA charter holders, and 140 member societies. For more information, visit


About Indian Association of Investment Professionals (IAIP)

Our society is an association of local investment professionals. Consisting of portfolio managers, security analysts, investment advisors, and other financial professionals, we promote ethical and professional standards within the investment industry; facilitate the exchange of information and opinions among people within the local investment community and beyond, and work to further the public's understanding of the CFA designation and investment industry. As one of 140 CFA Institute member societies, IAIP connects members to a global network of investment professionals. For more information, visit


About CFA Institute Research Challenge

The CFA Institute Research Challenge is a global competition which tests the analytic, valuation, report writing, and presentation skills of university students. Students have the unique opportunity to develop and present an equity research report and be mentored and judged by leading industry experts. Local CFA Institute member societies host and launch local competitions involving teams of three to five business and finance students from participating universities who work directly with a local company in researching and preparing a company analysis. The local winning teams will advance to the respective regional finals held in Asia Pacific; Europe, Middle East & Africa; Americas; and New York regions. The regional winners will then advance to the global final in the hopes of being crowned the global champion. For more information, visit (,