BUSINESS
It is a chance to cut through the interview process and be directly appointed as a fund manager at ING Vysya Mutual Fund.
MUMBAI: It’s not just any other game show you increasingly see on television today. It’s an opportunity of a lifetime to showcase your fund management skills. If you win, it’s also the opportunity to get trained at any of global asset manager ING’s offices worldwide. And if they find you’re really good, it might also be the chance to cut through the interview process and be directly appointed as a fund manager at ING Vysya Mutual Fund.
This, in a nutshell is what the ING Vysya Mutual Fund-sponsored “Indian Investor of the Year” (IIY) promises.
After remaining open for two weeks, the window for registrations closed on Monday. Says Vikaas M Sachdeva, country head - business development, ING Vysya Mutual Fund, “The response has been tremendous.” The fund house has received 6,000 applications till the last count. From these hopefuls, only nine will reach the final round after going through the various tough levels of elimination.
The game is about being given a notional corpus to invest and building a healthy portfolio around that. It will be aired from March 15 to the first week of June. “While the initial elimination round will look at absolute returns, thereafter, it becomes an entirely different ballgame,” says Jasraj Thakur, head of marketing and production, ING Vysya Mutual Fund.
“The candidate’s portfolio will be put through qualitative tests like how sound are the companies he has picked, the liquidity of his stocks, the diversity of his portfolio and so on. Besides, the panel of judges will also test how investment savvy the candidates are, their communication skills, analytical aptitude, ability to withstand pressure, knowledge about markets, and general awareness,” he adds.
The nine finalists, apart from managing their notional money, and being in tune with the markets on a real-time basis, will also be thrown new challenges like redemption pressures or fresh money coming in one sudden gush. At the end of each week, one candidate will be eliminated. The contestant remaining at the end of the eighth week will be declared the winner.
ING Vysya Mutual Fund sees this as a brand-building and investor education exercise through which it hopes to change the dynamics of the retail asset management market. “We want to tell people how difficult life would be without a mutual fund. It would give an evolved perception of how a mutual fund operates and the constraints faced by various fund managers,” says Sachdeva. “The same constraints being given to the nine participants and how they react would help us convey how every fund manager has his unique way of responding to circumstances,” he adds.
The fund house, whose total marketing budget in 2006 stood at around Rs 4 crore, is estimated to be spending about Rs 2.5-3.5 crore on this programme alone. CNBC TV18, whose channel CNBC Awaaz is airing the show, is also spending an equal amount.
Delhi residents defy firecracker ban, illuminate night sky with Diwali celebrations
'Since I've retired...': Rohit Sharma reacts after Mumbai Indians retain him for IPL 2025
Diwali 2024: How to get rid of acidity, bloating, constipation post Diwali binge?
IND vs NZ, 3rd Test Dream11 prediction: Fantasy cricket tips for India vs New Zealand match
IPL 2025: What is the remaining purse and RTM cards for all teams ahead of mega-auction?
Meet Indian man who secured job at Elon Musk's Tesla after sending...
'Isse zyada sundar...': Viral video captures aerial view of Diwali celebrations in Noida, WATCH
THIS company got richer by Rs 29878 crore on Diwali day due to...
Delhi's air quality deteriorates to 'very poor' category, likely to worsen after festival
IPL 2025: Rishabh Pant released by Delhi Capitals, CSK retains MS Dhoni as...
Meet woman, who quit NCPI as COO, now set to lead India's largest...
Viral: Businessman gifts Rs 1 crore Rolex watch to contractor for his...
Post-Diwali hangover? 5 easy tips to detox the liver
Pushpa 2: Allu Arjun, Rashmika Mandanna share film's NEW poster to wish fans on Diwali
Gautam Adani's companies set to supply 6500 MW of power to THIS state
WTC 2023-25 points table update after South Africa clean sweep Bangladesh 2-0 in Test series
Meet woman, college dropout who earns Rs 1494000 monthly, works just 4 hours a day, she is...
Why KL Rahul decided to part ways with Lucknow Super Giants ahead of IPL 2025 retention deadline?
Sebi issues Rs 154 crore demand notices to Anil Ambani's companies, asks them to pay within...
IND vs NZ: Jasprit Bumrah to miss third India vs New Zealand Test? Report says star pacer is....
What is Seasonal Affective Disorder? Why it happens in winter?
New Hezbollah chief Naim Qassem open to truce with Israel, says, 'we accept but…’
BSNL continues to rise, deploys over 50000 4G sites with Tata Group company in India's most...
'Either this or nothing': Elderly couple dances at Mohit Chauhan's concert, WATCH viral video
'That's so cheap': Sana Makbul CRITICISES pap after he tells her 'mazze nahi aa rahe' in viral video
Indian, Chinese troops at LAC exchange Diwali sweets after border disengagement
Dawood Ibrahim was fan of this superstar, invited him for tea, confessed a murder to him, then…
NEET entrance 2025 exam to happen online? Here's what high-level panel suggests
Jadeja to enter IPL auction? CSK eying THIS star player as MS Dhoni's successor
Ratan Tata once surprised his dog trainer at Bombay VT: 'You hold the pup, I’ll take...'
Woman finds bundle of old Rs 500 and Rs 1000 notes during Diwali cleaning, netizens call it...
IPL 2025: List of players set be retained on deadline day, CSK, RCB, MI will retain...
Kartik Aaryan says his film Bhool Bhulaiyaa 3 doesn't need cameos: 'Hume humaari...'
Meet man, who secured AIR 2644 in JEE, did B.Tech from IIT Kanpur, has now started doing...
Noida: Stunning drone footage captures Diwali celebrations, watch viral video
Is stock market open or closed on Diwali? Know details here
Don’t Move on Netflix movie review: Psychological thriller with enjoyable moments
Cricketer Ben Stokes' house burgled by masked robbers, England captain shares harrowing details
Diwali delights: Bengaluru man surprises mom with Apple iPhone 15, viral video wins internet, watch
'Divine festival of lights...' PM Narendra Modi extend his wishes on festival Diwali
Diwali 2024: Dos and don'ts, subh muhurat, rituals and more
Delhi pollution: National capital's air quality dips to 'very poor' on Diwali, AQI hits...
Varun Dhawan finally reveals daughter’s name on Amitabh Bachchan’s KBC 16: ‘We named her…’
Elon Musk is hiring Hindi tutors for his firm xAI, offering pay up to Rs...
When Abhishek Bachchan broke his silence on divorce rumours with Aishwarya Rai: ‘Will you let me…”
Triupati Laddo row: Andhra Pradesh govt appoints BR Naidu as new chairman of Tirupati temple board
Meet man who left his IT job to build Indian brand, competes with Domino's, Pizza Hut, he is...
Diwali 2024: Know puja vidhi, shubh muhurat, significance, rituals and more
Meet man, whose father is a taxi driver, clears UPSC with AIR...