Made it through Livestock, the stock trading competition from IIM A's Confluence. The event is a live trading floor where 50 top teams from across India will be participating for the top place. Our team called the ragingbulls consists of 4 Unnati people. For thse who don't know Unnati is our student initiative research and investment management group (in other words, a Mutual Fund) and me (I'm the non-Unnati guy). Between us we have 6 years worth of investing experience. Dhamija is a big mover, Anee and Goenka are said to handle big portfolios. I have done a bit and Sankalp also has investing experience.
The event kicked off with a qualification quiz of 60 marks which we were supposed to complete in 30 minutes. We have 3 junior teams and 2 senior team participating. Totally we have 5 teams from MDI.
We will be given Rs.25,000/- to trade with over a period of 3 months in the Indian stock markets. During this period we have to trade and produce research papers and justify our purchases. At the end of the period we will be evaluated on the final portfolio position, the cash on hand, the returns we generate and our research papers.
It all looks very exciting. We will be allowed to keep 30% of the profits we generate in addition to the prize money (forgot the actual figure but its pretty huge for small punters like us!!!). All's looking good, Looking forward to an exciting 3 months.....