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Five zonal winners will compete in CFA Institute Research Challenge India Finals

posted Jan 28, 2013, 11:22 PM by Research Challenge India   [ updated Jan 28, 2013, 11:42 PM ]

India, January 29, 2013: CFA Institute, the global association of investment professionals worldwide, has been promoting the best practices in equity research amongst the next generation of analysts in India in association with the Indian Association of Investment Professionals (IAIP) via the “CFA Institute Research Challenge”. This is part of an annual, global educational initiative.

Five zonal teams who have emerged as winners after a grueling competition amongst more than 40 leading business schools of the country will participate in the India National Final of the competition hosted by Bloomberg at their office on January 31, 2013. The teams will present their equity research on the subject companies to a panel of judges composed of experienced industry practitioners. The subject companies for 2013 are HDFC Bank, Infosys, Cairn India, Cadila Healthcare and McLeod Russell.

The panel comprises Bharat Shah, Executive Director, ASK Investment Holdings, Prasun Gajri, CFA, Chief Investment Officer, HDFC Life, Nirmal Jain, Founder and Chairman, India Infoline and Saurabh Mukherjea, CFA, Head of Equities, Ambit Capital. The competition will be followed by a Panel Discussion on “Outlook for Indian Equity Markets – 2013” amongst the esteemed investment management practitioners.

“We are pleased to help enhance depth of investment research and equity analysis in India via this global initiative. Business school students continued to exhibit strong interest in benefiting from this unique opportunity to gain valuable investment experience. We thank all the participating companies, corporate partners and industry professionals for supporting this effort,” said Namit Arora, CFA, Director, Indian Association of Investment Professionals (IAIP”, the CFA Institute Society in India.

The competition is supported by National Stock Exchange (NSE) (, Bloomberg (, Bloomberg TV (, and Corporate Bridge ( as sponsors and long-term corporate partners.

The participating teams are:


Winning team

Central Zone

Indian Institute of Management, Ahmedabad

East Zone

Indian Institute of Management, Shillong


South Zone

Institute for Financial Management and Research, Chennai

North Zone

Indian Institute of Foreign Trade, Delhi

West Zone

Narsee Monjee Institute of Management Studies, Mumbai

The two teams that emerge as winners from amongst these five teams will represent India in the Asia Pacific Regional Final to be held on 22-23 Feb 2013 in Kuala Lumpur. 

Details of the National Final Round:

Time and date: 5:00 p.m., 31st January, 201

Venue: Bloomberg office, 16/F, Tower 2B, One Indiabulls centre, Lower Parel, Mumbai

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 113,000 members in 140 countries and territories, including 102,000 CFA charterholders, and 137 member societies.

Follow CFA Institute on website; Facebook; Twitter; and Sina Weibo

About Indian Association of Investment Professionals (IAIP)

Indian Association of Investment Professionals (IAIP) is an association of local investment professionals consisting of portfolio managers, security analysts, investment advisors, and other finance professionals. As one of 137 CFA Institute member societies, IAIP connects members to a global network of investment professionals. IAIP promotes ethical and professional standards within the investment industry, facilitates the exchange of information and opinions among people within the local investment community and works to further the public’s understanding of the CFA designation and investment industry. IAIP is headquartered in Mumbai and was established in April 2005. For more information, visit IAIP website (

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.

To learn more about the CFA Institute Research Challenge in India, follow us on the website; Twitter @iaipchallenge; Facebook/iaipirc

Media Contacts:

Rujuta Kothari

Ogilvy Public Relations
Tel: +91-9920607446

Pallavi Rao
Ogilvy Public Relations
Tel: +91-9833166274

Betty Wong

CFA Institute, Tel: +852 3103 9366, Email: