Jamshedpur: A team of students from Xavier Online Learning (XOL’s Post Graduate Diploma in Finance Program) at XLRI Jamshedpur achieved an impressive 2nd Runner Up finish in the NJ Factor Investing Olympiad. This annual competition, organized by NJ Mutual Fund & Asset Management, challenges students from India’s top business schools in the art of factor investing.
Team Medallion’s Success
The XLRI team, named “Medallion (XOL),” comprised Ankit Singhal, Divyanshu Raj, Rohan Banerjee, Niket Kulkarni, and Rishav Anand. Under the guidance of Professor Pankaj Agarwal (from XLRI Delhi), they secured the 2nd Runner Up position and a prize of ₹2.5 lakhs. The award ceremony was held on April 27th, 2024, at Hotel Le Meridian in Surat, Gujarat.
A Competitive Event
The NJ Factor Investing Olympiad is a prestigious event, attracting 69 teams from India’s leading business schools. The competition provided participants with valuable insights into using “smart beta” strategies for informed investment decisions. It also honed their skills in leveraging factors to design effective portfolios and make strategic investment choices.
Reaching the Finals
Eight teams reached the final round, including teams from IIMA (2 teams), IIM Nagpur, BITS Pilani, KJ SMIR, Pandit Deendayal Energy University, St. Kabir Institute of Professional Studies, and XLRI Jamshedpur. The final rankings were:
- Rank 1: IIMA Team 1 (Prize Money: ₹5 Lakhs)
- Rank 2: Pandit Deendayal Energy University (Prize Money: ₹3.75 Lakhs)
- Rank 3: XLRI Jamshedpur (Team Medallion) (Prize Money: ₹2.5 Lakhs)
Team Medallion’s Reflection
“This competition was an exceptional opportunity to build and showcase factor-based investment portfolios that addressed real-world challenges faced by investment managers,” said Team Medallion (XOL). “It allowed us to benchmark our strategies against other top business schools in India. Reaching the finals was demanding, but achieving 2nd Runner Up is truly rewarding. We extend special thanks to Prof. H K Pradhan, Prof. N Sivasankaran, and their teams for preparing us for the complexities of the financial market.”
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