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Effective Written report – Grader’s Feedback

posted Oct 10, 2011, 12:50 AM by Biharilal Deora CFA   [ updated Oct 10, 2011, 8:39 PM ]

The written report is graded based on strict criteria enlisted in the scorecard below. Please follow the relevant criteria, its weightage and feedback from graders to prepare the written research report for CFA Institute Research Challenge in India (View Deadlines)

  • Business Description (5%) – Lack of sufficient information to support recommendation
  • Industry Overview & Competitive Positioning (15%) - Not a comprehensive understanding of the companies positioning and/or competitors. No understanding of company’s economic advantage, Overstated Company’s advantage – not grounded in facts
  • Investment Summary (20%) – Not logical, No or insufficient summary of salient points, Strategy is not grounded in financials
  • Valuation (20%) - Method is flawed, not substantiated with industry information
  • Financial Analysis (20%) - Flawed assumptions, Too many errors in financial analysis, Financial analysis does not support conclusion.
  • Other Headings (5%) - Missed important information available
  • Investment Risks (15%) - Missed too many important risk items, Risk and conclusion are not logical.

The scorecard can also be viewed at  

For questions, please email