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Mumbai, January 3, 2006: CNBC-TV18 and Prudential ICICI Mutual
Funds present India’s first Financial Advisor Awards. The country’s
most authoritative evaluation and awards have been instituted to
recognize the best among financial advisors in the country, powered
by ICRA.
India is finally witnessing an investor revolution, in which the
number of people investing in equity markets, mutual funds, etc.
is increasing exponentially year after year. In this environment,
the need to evaluate, understand and choose the right investment
alternative has become paramount; resulting in the increased reliance
by investors across categories on financial advisory services.
CNBC-TV18's Financial Advisor Awards aims to set a benchmark that
will help investors select the best financial or investment advisors
across geographies and categories.
Recognizing the critical role that financial advisors play in the
wealth creation process, CNBC-TV18 and Prudential ICICI Mutual Fund
will identify, honor and celebrate India’s best financial experts
through CNBC-TV18's Financial Advisor Awards.
The CNBC-TV18's Financial Advisor Awards will have the following
categories:
• Individual Financial Advisor (North, East, South, West)
• National Level Financial Advisor - Predominantly Institutional
• National Level Financial Advisor - Predominantly Retail
• Regional Level Financial Advisor (North, East, South, West)
• Equity Broker (National)
• Banks (National)
The Evaluation Process:
ICRA Limited, India’s leading provider of investment information
and credit rating services in India, and an associate of Moody's
Investors Service, will conduct the evaluation process. The first
round of assessment will be carried out based on the following indicative
parameters. This information will be gathered through the nomination
forms.
? Quantitative parameters:
• Investor Accounts
• Assets under management (size)
• Asset profile
• Number of investment advisors
• Number of products offered
? Qualitative parameters
• Educational/Professional Qualifications
• Experience
• Client Servicing
• Scope of Services
• Forms of compensation
The evaluation process will be a three-stage process:
• First stage - will be a screening of completed nomination
application forms
• Second Stage - short listing of a limited number of financial
advisors in each category (top 10% - for example); detailed information
will be sought and analysis will be carried out based on extensive
interactions with ICRA.
• Third stage - Three final short listed financial advisors
will
go through a round of presentations to a jury comprising of industry
experts, regulators, CNBC-TV18 representatives and representatives
from ICRA.
Prudential ICICI Mutual Fund presents– ‘CNBC-TV18's Financial
Advisor Awards’
•Entry forms: Moneycontrol.com, or at the nearest Prudential
ICICI AMC Branch Office ` •Mail complete application forms
to:
The Manager - Financial Advisor Awards, Television Eighteen India
Ltd., Empire Complex, First floor, Senapati Bapat Marg, Lower Parel,
Mumbai – 13 Last date for receiving entries – 30th Jan
06
About CNBC-TV18:
CNBC-TVI8 is India's No.1 business medium. CNBC-TV18 is the undisputed
leader in the business. The channel's benchmark coverage extends
from corporate news, financial markets coverage, expert perspective
on investing and management to industry verticals and beyond. CNBC-TV18
has been constantly innovating with new genres of programming that
helps make business more relevant to different constituencies across
India.
CNBC-TV18 is currently available in over 26 million households in
India
For further queries, please contact:
Vineet Nigam (ICRA) - 98103 01167
Deepa Bhavnani (CNBC-TV18) - 98203 14547 SMS FAA to 2622, log on
to www.moneycontrol.com/cnbc/financialadvisor or
email: faa@tv18online.com
Glen D’Souza/ Janice Goveas/ Lorraine Correa Hanmer & Partners
56335969/ 55524600
Thanks and regards,
Lorraine Correa
Hanmer & Partners Communications Pvt. Ltd.
3rd Floor, Rehem Mansion I
42, Shahid Bhagat Singh Road
Colaba, Mumbai 400 001, INDIA
Tel: +91-22-56335969/55524600
Fax: +91-22-56335979
Cell: 9819890093
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