CNBC-TV18 and UTI Mutual Fund bring in the 8th edition of the Financial Advisor Awards

Mumbai: UTI Mutual Fund along with business news channel CNBC- TV 18 is bringing in the eighth edition of ‘Financial Advisor Awards’ (FAA). Currently in its eighth year, India’s most eminent awards, ‘Financial Advisor Awards,’ is a platform that recognizes the efforts of financial advisors across the country. The award night is scheduled to take place today (17th July) at Mumbai.

Having carved a niche for itself in the financial market space, FAA has gained popularity and has emerged as a unique platform that recognizes the best wealth preservers, across different sectors of the country.

‘Financial Advisor Awards’ has acknowledged financial professionals across the country in various aspects concerning their advisory fields. As they foray into digitization, the platform will suggest, how these financial advisors can make optimum utilization of the available resources to reach out to their customers.

Mr. Leo Puri, Managing Director, UTI AMC said, “The Indian market is big enough for everyone to co-exist, be it Mutual Fund Distributors or RIA’s or direct investors. What cannot be taken away is the need for people to invest and grow their monies in a falling interest rate scenario. The perception of investing in a Mutual Fund is somewhat like investing in equities. There is a huge need to educate and explain to investors about all the different product options available like liquid and debt funds. Mutual Funds have varied products which will help investors to achieve their long term and short term financial goals. Financial advisors play a vital role in making investors understand these options.”

Latha Venkatesh, Executive Editor Eiof CNBC-TV18 says, “As one of the leading business news channels, it has always been our motto to update and educate our audiences about the latest happenings in the financial market. Our reality today is too unexpected. Be it political, economic or otherwise like BREXIT, US elections and Demonetization are some of the factors that have contributed to this unexpected reality. Adding to that, our financial market is extremely volatile in nature, which requires people to quickly understand the implications of the change and rectify it immediately. In order to achieve the same, it is essential to possess knowledge, skills and suggestions from our advisors and this is where they play a pivotal role in the consumer’s life”

In order to felicitate advisors, the awards categories are divided in different levels: National, Regional and individual level awards, which are further classified into brokers, banks and financial advisors, among various sectors.

Some of the winners at FAA 2017 includes, ICICI Securities Ltd and Motilal Oswal Financial Securities for Best Performing NFA Equity Broker, Bajaj Capital Ltd for Best Performing NFA Retail, Barjeel Geojit Securities Ltd for Best Performing NFA – NRI Category, Ask Wealth Advisors Ltd for Best Performing NFA Wealth Distributor, HDFC Bank for Best Performing Bank Private, Axis Bank for Grand Jury Award – Institution and State Bank of India for Best Performing Bank PSU.

Other names in the list includes: