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| Wealth Forum Advisor Awards - 2010 : Eastern Region | ||
Building on the successful launch of the Wealth Forum Advisor Awards in 2009, we have considerably scaled up the awards in 2010 to make it more inclusive - without changing the essence and spirit of the awards.
The Wealth Forum Advisor Awards are an industry first recognition of distributors and advisors who have done a commendable job in promoting the savings and investment habit among Indians using mutual fund products. The awards are purely objective, numbers based. No subjective element, no interviews, no biases. If you've done well during the year, you are recognised for your efforts.
Performance is recognised at a pan-industry level (data from CAMS and Karvy) - this is not about sales performance for any one AMC or one NFO - its about efforts during the financial year Apr 09 - Mar 10, across all MF products, across AMCs.
This year, we have introduced more performance criteria and expanded the scope to make it much more inclusive. East Zone has been divided into two regions :
Kolkata region
East (ex-Kolkata) region
Three broad types of awards in each region :
- Growth Champion of the Year - an advisor who has grown the fastest during the year in a particular category
- Fund Champion of the Year - an advisor who is the largest at the end of the year in a particular category
- IFA Of The Year - is a true all rounder - one who has displayed commendable growth across all performance categories covered in the Growth Champion of the Year awards
Performance categories for Growth Champion of the Year :
Highest Net Sales - Equity Funds
Highest Net Sales - Hybrid Funds
Highest Net Sales - Income Funds
Highest New SIPs registered
Highest increase in investor folios
Highest growth in AuM (Equity+Hybrids)
Performance categories for Fund Champion of the Year :
Highest live SIPs (Mar 10)
Highest live investor folios (Mar 10)
Highest AuM (Equity +Hybrids) - Mar 10
IFA of the Year Award
Based on a weighted average of all the categories listed earlier.
The IFA of the Year is a true all rounder - one who has displayed commendable growth across all performance categories covered in the Growth Champion of the Year awards
The performance criteria recognise different business models - by recognising size and growth - not just in AuM terms - but also in terms of retail penetration (folios, SIPs).
Important caveats :
Filtering out corporate investors :
It is always a challenge to weed out corporate investors with their own ARN code and recognise only genuine advisors. To put in an objective criterion to filter out corporate investors, we have introduced a common filter : only ARN holders with at least 1000 live folios across CAMS and Karvy (all products) will be eligible for this recognition
All awards are recognised at an ARN level and not group level
It is impossible for us to identify groups across the country, accurately
The regulator is also anyway urging advisors to avoid multiple ARNs
The Winners of the Wealth Forum Advisor Awards - 2010 - East Zone are :
The awards ceremony gets off to a colourful startN.
The Wealth Forum Advisor Awards 2010 - Eastern Region were presented by ICICI Prudential AMC. We are sincerely grateful to them for partnering us in this initiative.
The awards ceremony started off with a vibrant set of dance performances that showcased the best folk dances from across East - the all time favourite "Dhunuchi" which is performed at Durga Pooja to the "Chou" dance from Purulia, the "Santhal" dance from Bihar and the "Bihu" dance of Assam. Truly, Eastern India at its vibrant and colourful best !
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| Ashish Somaiya, Retail Sales Head, ICICI Prudential AMC welcomes participants to the awards ceremony |
East (ex-Kolkata) Awards
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The first award of the evening was bagged by Sanjay Agarwal of Devkinandan Consultants, Rourkela. He found himself coming up to the dias several times as the evening progressed, and eventually amassed a rich collection of trophies, including the BIG one : Highest Net Sales - Equity Funds - Runner Up Highest Net Sales - Hybrid Funds - Winner Highest Net Sales - Income Funds - Winner Highest Growth in AuM (Equity+Hybrids) - Runner Up Highest AuM (Equity+Hybrids) Mar 10 - Runner Up IFA OF THE YEAR - WINNER |
Ashish Somaiya, Retail Sales Head, ICICI Prudential AMC welcomes participants to the awards ceremony | |
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Anil Agarwal of Purnima Securities, Jamshedpur went almost neck-to-neck with Sanjay Agarwal and bagged an equally impressive tally of awards : Highest Net Sales - Hybrid Funds - Runner Up Highest Net Sales - Income Funds - Runner Up Highest Growth in Investor Folios - Runner Up Highest Growth in AuM (Equity+Hybrids) - Winner Highest AuM (Equity+Hybrids) Mar 10 - Winner |
Shyam Singhania, Guwahati picked up two awards for his efforts during the year : Highest New SIPs Registered - Runner Up Highest Live SIPs - Mar 10 - Runner Up |
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Anil Agarwal of Purnima Securities, Jamshedpur went almost neck-to-neck with Sanjay Agarwal and bagged an equally impressive tally of awards : Highest Net Sales - Hybrid Funds - Runner Up Highest Net Sales - Income Funds - Runner Up Highest Growth in Investor Folios - Runner Up Highest Growth in AuM (Equity+Hybrids) - Winner Highest AuM (Equity+Hybrids) Mar 10 - Winner |
Shyam Singhania, Guwahati picked up two awards for his efforts during the year : Highest New SIPs Registered - Runner Up Highest Live SIPs - Mar 10 - Runner Up |
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Shaibal Bhaduri and Chetan Shah of Investors Point, Dhanbad prove a point on market penetration in smaller cities by picking up 3 impressive awards : Highest Growth in Investor Folios - Winner Highest Live Investor Folios - Winner IFA OF THE YEAR - 2nd Runner Up |
Winners from East (ex-Kolkata) strike a happy pose together |
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Sanjeev Chakraborty of Right Choice Securities Pvt Ltd had his work cut out for the evening - he made many a trip to the dias to collect the rich array of trophies that his firm won : Highest Net Sales - Hybrid Funds - Winner Highest New SIPs Registered - Winner Highest Growth in Investor Folios - Runner Up Highest Live Investor Folios - Mar 10 - Winner Highest Live SIPs - Mar 10 - Winner Highest AuM (Equity+Hybrids) - Mar 10 - Runner Up |
Anish Gupta wins the Growth Champion of the Year - Highest Net Sales - Income Funds - Runner Up award | |
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Sandeep Garodia of Suvridhi Capital Markets Ltd is a proud winner of these key awards : Highest Net Sales - Income Funds - Winner Highest Growth in AuM (Equity+Hybrids) - Winner Highest AuM (Equity+Hybrids) Mar 10 - Winner |
Dipankar Das is a happy winner of two important awards : Highest Growth in Investor Folios - Winner Highest Live SIPs - Mar 10 - Runner Up |
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Dipak Jain of DSA Capital Services wins the Growth Champion Of The Year - Highest Growth in AuM (Equity+Hybrids) - Runner Up award. |
Mukesh Jain of SMR Consultancy Pvt Ltd wins the IFA OF THE YEAR - 1st Runner Up award | |
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Rajesh Bhuwania of Rainbow Consultancy is a proud winner of the BIG award of the evening : IFA OF THE YEAR - Kolkata region. |
The Kolkata winners are a happy lot - and why not : impartial and objective recognition for a great year's efforts | |
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