Optimity, a platform for finance enthusiasts

Dhaka,  Tue,  26 September 2017
Published : 23 Aug 2017, 21:35:06

Optimity, a platform for finance enthusiasts

Dipa Sultana

On August 20, 2017, North South University (NSU) Finance Club alongside IPDC Finance Limited launched the grand finale of 'IPDC Presents Optimity 2017' in the exhibition hall of North South University. The organisers invited many professionals from financial and non-financial institutions to witness and give feedback of the first-ever national investment and portfolio management competition organised by NSU Finance Club.

With a vision to create more portfolio managers and to enlighten students on investment tactics, Optimity was organised to give the students a platform to experience real-world scenario of the whole investment sector.  Before the start of the mega event, Optimity was promoted through social media and roadshows were conducted to reach to the undergraduate students of the country. A total of 138 teams registered for the first round from 18 universities which depicts a small scenario of how competitive the event was. Registration was open to all undergraduate level students of the country and it opened with both online and off-line registration.

The competition's purpose was to inculcate the knowledge of investment and portfolio management into the minds of the students to make them more competent.

After doing a company analysis and an industry analysis in the first and second rounds, all eight finalists had to make a portfolio out of all the stocks of DSE30 for IPDC to invest in. They were asked to show the valuations and present a mutual fund brand of their own with an innovative scheme that would attract IPDC as an investor. For every competition, transparency is one of the top priorities. To judge the finalists, there was a judge panel of seven professionals. They were Mahzabin Ferdous, head of corporate communication, IPDC; Saqiful Alam, lecturer at North South University; M Sazzad Hossain, co- founder and assistant vice president, LightCastle Partners; Nafeez Al Tarik, head of research and investment, City Brokerage Ltd; Muhammad Nasiruddin, lecturer, North South University, Md Mehedi Hasan, lead business analyst at BSRM Group of Companies; and Shaikh Malik Al- Razi, portfolio manager at IDLC Asset Management Limited.

Muhammad Nasiruddin said, 'The Department of Accounting and Finance at North South University tries its best to expose its students for experiential learning. These include case competitions, financial modeling and classes with considerable experiential learning activities. Newly launched Optimity is one of these competitions that provides an opportunity for students to demonstrate knowledge of the financial markets and to pitch investment ideas to industry professionals. For finance graduates, it offers an ideal platform to network, learn and build their resumes as well. Given the quality of the research and ideas presented by the students and overwhelming feedback we have received from the leading industry practitioners, we are hopeful that our finance graduates will continue to have tremendous impact in building and advancing our capital market here in Bangladesh.'

On the evening of the finale, the chief guest CEO and MD of IPDC Finance Mominul Islam and treasurer of North South University, Gowro Gobindo Goswami praised the participants and presented crests to the partners of the event and most importantly to the top three winners. The finale was extremely competitive as it was a fight among top eight teams to snatch the glory of becoming the top three teams to win the prestigious title of champion, first runners-up and second runners-up respectively. After all the presentations were done, the top three winners were declared within a very short time.

After a month-long quest, Beta Bots from the Institute of Business Administration (IBA), Dhaka University (DU) snatched the title of champions with a prize money of  0.1 million taka.  Counter Logic-- another team from IBA, DU cemented the title of first runners-up and received  sixty thousand taka and ICONS-- a team from NSU got the title of second runners-up with forty thousand taka as prize money.

After winning the first ever installment of IPDC Presents Optimity, Tasfia Mehreen Jalil from Team Beta Bots said, 'As a finance enthusiast, the very idea that a business competition is focused on portfolio and investments and not on the usual marketing intrigued me. Optimity made sure that the participants receive a well-rounded idea of the industry and capital market. It was indeed an exhilarating experience-the sleepless nights before the deadline, the adrenaline rush of submitting few seconds before deadline and the smiles creeping up on our faces every time we saw our team name in the list.'

A month-long hard work and diligence of the general members, the sub-executives and the executive board of NSU finance club was behind the successful completion of the event. NSU Finance Club ended the grand finale by showering gratitude to the title sponsor of the event IPDC Finance and other partners of the event without whom the event would not have been possible to organise.

The writer is studying Finance at North South University (NSU),  

Editor : A.H.M Moazzem Hossain
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