Narsee Monjee Institute of Management Studies (NMIMS) wins the CFA Institute Research Challenge India West Zone Final

Mumbai, November 23, 2012 – Narsee Monjee Institute of Management Studies (NMIMS) Mumbai has emerged as the winner of the CFA Institute Research Challenge India West Zone Final (, after competing with six other student teams from leading business schools on the subject company ‘HDFC Bank’. The competition organized by the Indian Association of Investment Professionals (IAIP) and is supported by National Stock Exchange (NSE) (, Bloomberg (, Bloomberg TV (, and Corporate Bridge ( as sponsors and long-term corporate partners. The panel of judges were Navneet Munot, CFA, Chief Investment Officer, SBI Funds Management Pvt. Ltd.; Chetan Shah, CFA, Senior Portfolio Manager, Religare’s PMS division; and Jatinder Agarwal, Equity Research Analyst, CIMB Securities India.

“We are pleased with the successful culmination of the West Zone competition that has been underway over the past few months. The teams have exhibited solid financial analysis and research abilities in conducting equity research, as well as showcasing their investment research and recommendations to the panel of judges. We are building up to host the India National Final of the CFA Institute Research Challenge in January where the five zonal winning teams will compete for two places to represent India in the Asia Pacific regional final scheduled in February 2013,” said Kishor Bagri, CFA, Director, Indian Association of Investment Professionals (IAIP).

CFA Institute Research Challenge is an annual, global educational initiative promoting the best practices in equity research among the next generation of analysts through hands-on mentoring and intensive training in company analysis and presentation skills. Due to the increasing participation, IAIP has kicked off its local competitions across five zones in India, and over 40 leading business schools are participating.

Other participating teams in the West Zone Final included JBIMS Mumbai, IIT Bombay, NITIE Mumbai, Sydenham Institute Mumbai, KJ Somaiya Mumbai, and Chetana’s Institute of Management & Research.

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.

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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