Two teams of five students each from IIM-Trichy and SCMHRD, two of India’s top business schools, have won the 8th India annual CFA Institute Research Challenge 2015-16. The Research Challenge is an annual educational initiative designed to promote best and ethical practices in equity research. The Indian event is hosted by the Indian Association of Investment Professionals (IAIP), the India society of CFA Institute.Globally, it is open to students from business schools,who go through hands-on mentoring and intensive training in analyzing a company’sfinancials and business.
IIM-Trichy (South) and SCMHRD (Central)overcame stiff competition from zonal winners that included IIM Ranchi (East), NMIMS (West), and IIFT Delhi (North). Nearly 200 students from 47 leading business schools across 28 cities nationwide participated. The two winning teams will now participate in the regional competitions to be hosted in Chicago, Illinois, USA on 13-15 April 2016 where they will represent India.
“Hundreds of students dedicated countless hours to the competition and have demonstrated a strong commitment to the best practices in equity research,” said Jayesh Gandhi, CFA, President, IAIP. He added that their diligence and dedication will help them succeed as they move on to careers in investment management and research.
Kishor Bagri, CFA, Director in Charge, CFA Institute Research Challenge, added, “We witnessed the enthusiastic participation of some of India’s brightest students and their positive attitude towards the investment management profession. The promotion of close cooperation between professionals and academia is essential in preparing future investment management professionals. The Research Challenge contributes to and enables the accomplishment of this goal.”
The winning teams from IIM-Trichy and SCMHRD presented a report on Repco Home Finance Ltd. and Whirlpool Of India Ltd. respectively to a panel of industry experts that included Sankaran Naren, CIO, ICICI Prudential AMC; Prasun Gajri, CIO, HDFC Life; and Pankaj Murarka, Head Equities, Axis Mutual Fund.