NJ Factor Investing Olympiad

India's Premier Factor Investing Competition is back. Bigger and more competitive than before. Season 3 is now live. Register now and take on real-world challenges faced by investment managers.

A Competitive Edge On Factors

Factor Investing Olympiad

India's Premier Factor Investing Competition For Top B-School Students.
Back-test Real Investment Strategies, Compete With The Best Minds, And Win Prizes Worth ₹11.25 Lakhs.

Free

Registration

₹11.25L

Prize Pool

Enormous

Learning Opportunity

An Annual Competition in Factor Investing for India's Top B-Schools.

Unique platform for students from India's premier business schools.

Tackle real-world challenges encountered by investment managers.

Annual competition rooted in the principles of factor investing.

Participating teams can showcase their analytical and strategic skills.

Unique knowledge initiative to spread awareness about rule-based and factor investing.

Strong emphasis on education and empowerment.

Nurture the next generation of informed investors.

Reflection of NJ AMC's broader commitment to responsible investing and knowledge-sharing.

Driven by the belief that spreading financial literacy is a shared societal responsibility.

Why Participate?

Hands-On Skills

Develop practical skills in quantitative analysis, risk management, and portfolio optimisation.
Competitive Advantage

Take on a distinctive factor investing challenge and set yourself apart from peers.
Networking

Connect with industry professionals and fellow participants for future opportunities.
Career & Resume Boost

Gain expertise in a high-growth field, adding to your resume and enhancing your job prospects.
Real-World Application

Apply academic knowledge to solve a real investment problem, bridging theory and practice.
Prizes and Recognition

Win prizes and gain recognition for your factor investing expertise.

Prizes & Recognition

Compete for a total prize pool of ₹11.25 Lakhs and gain recognition from industry leaders.
Every participant receives a certificate of participation.

Winner

Runners-Up

2nd Runners-Up

Participation Certificate

The Winners of NJ FIO

Teams from various colleges across India participated in the event. You can check the winners of the previous seasons below:

Season 1

Winner

Indian Institute of Management Ahmedabad
IIM-A Team 1

1^st Runners up

Pandit Deendayal Energy University - PDEU
Team Brain

2^nd Runners up

XLRI - Xavier School of Management, Jamshedpur
XLRI - Medallion

Season 2

Winner

Indian School of Business Mohali
TEAM ALPHAEDGE

1^st Runners up

Indian School of Business, Hyderabad
TEAM FACTORIAL

2^nd Runners up (Tie Between 2 Teams)

Indian Institute of Management, Ahmedabad
TEAM ALPHAVAULT

Indian Institute of Management, Raipur
TEAM ALPHA GENERATORS

NJ FIO Season 2 Highlights

About NJ Group

A Business Built On Trust

Trusted Since

1994
Employees

2578

Note : Figures displayed above are as on 31/03/2026

NJ Group is based in Surat, Gujarat, with a strong presence across India. Today, it is a leading player in the Indian financial services industry. The journey started from humble beginnings in 1994 with the establishment of NJ India Invest Private Limited, the flagship company, to cater to investor needs in the financial services industry. After traversing through initiatives in various B2C services, NJ Wealth - Financial Products Distributors Network was established in the year 2003. Today, NJ Wealth is among the largest network of financial products distributors in India, with an AUM of over 2,61,238 Crore .

Know More

About NJ Asset Management

NJ Asset Management Company (NJ AMC), part of the NJ Group, began its journey in 2010 with Portfolio Management Services (PMS) and expanded into Mutual Funds (MF) in 2021.
Today, NJ AMC manages over ₹ 10,425* Crore in assets across MF, PMS, and Gift City verticals.
At the heart of NJ AMC's investment strategy lies a 100% rule-based approach.
Along with rule-based approach, NJ AMC's quality focused investing philosophy helps us built robust portfolios.
Portfolio are bias-free, sector agnostic, benchmark agnostic, market-cap agnostic, thereby creating a unique offering for investors with minimal overlap with the benchmark and peers offering a great diversification option.
With innovation, transparency, and discipline at its core, NJ AMC is redefining how India invests, through rule-based, research-driven investment solutions.

*As on 31/03/2026.

Know More

Understanding Rule-based Investing

Factor investing is an investment strategy that focuses on selecting securities based on specific characteristics or factors believed to drive their returns.
These factors can include attributes such as value, size, momentum, quality, and volatility.
Learn more about how factors can help generate high risk adjusted returns.

Know More

NJ AMC's Knowledge Sharing Initiatives

Explore the world of factor based investing on our website www.njmutualfund.com where you can access
resources such as NJ's Factor Book, NJ's Chartbook, The Factor Frontier, Blogs, and other factor related information.

NJ Smart Beta Research Platform

Proprietary research platform developed by NJ AMC.

Allows researchers to use a wide range of factor parameters.

Ability to dynamically combine multiple factors and weighting methodologies on a suitable universe.

Vast dataset covering data from over 1200 companies spanning a period of 20 years.

For the competition, we encourage participants to use the NJ Smart Beta platform to help solve the comeptition. It provides them with access to institutional grade factor based research platform.

The use of NJ Smart Beta is NOT mandatory for solving the competition.

To learn more about the NJ Smart Beta platform and its capabilities, we invite you to watch our informative video.

Watch Video

Registration Process

This competition presents a remarkable opportunity for students to tackle real-world challenges encountered by investment managers. Participate now to get a glimpse of factor investing!

Eligibility Criteria
Rules
Rewards

Registration Closes On

10th June 2026 Register Before Time Runs Out

Days

Hours

Minutes

Seconds

Registration Opens 20th April 2026 One Team Per College 5 Students Per Team Completely Free

1. Team Composition

Each team must consist of 5 students.

2. College Entry Rule

Only one team per college/institution will be eligible for participation. If multiple teams register from the same college/institution, only the earliest valid registration will be considered for participation.

3. Registration Period

Registration will commence on 20th April 2026 and close on 10th June 2026.
No registrations will be accepted after the closing date.

4. Registration Details

The registration form must be completed in full and should include the required team details, including student names, college/institution name, contact details, and any other information sought in the registration form.
Each team must nominate one SPOC who will serve as the single point of contact for all official communication.

5. Change in Team Composition

Once the team details have been submitted, no changes in team composition will be permitted. NJ AMC reserves the right to reject incomplete, inaccurate, duplicate, or invalid registrations.

6. Registration Fee

There is no registration fee for participation in the competition.

7. Competition Format

The competition will require participants to back-test and create investment strategies using a quantitative factor-based approach. A detailed brief, including the case study, submission guidelines, response format, and other relevant instructions, will be shared with registered teams at the start of the competition.

8. Platform Access

Participants will have access to the NJ Smart Beta platform, a proprietary factor investing database and analytical tool of NJ AMC.
Access to the platform will be granted on 16th June 2026 to enable teams to familiarise themselves with the platform and its features.

9. Competition Period

The first round of the competition will be conducted from 16th June 2026 to 15th July 2026.
All teams must submit their solutions within the timelines communicated by NJ AMC. Late submissions may not be considered.

10. Submission Requirements

Teams will be required to submit their solutions in the standard response format prescribed by NJ AMC.
The response format, submission method, and timelines will be communicated separately to all registered teams. NJ AMC may seek additional information, supporting documents, or clarifications from any participating team at any stage of the competition.

11. Originality and Conduct

All submissions must be the original work of the participating team. Participants are expected to maintain the highest standards of ethics, integrity, and fair conduct throughout the competition. Any misconduct, plagiarism, malpractice, data manipulation, misrepresentation, or unfair practice will result in the immediate disqualification of the team.

12. Evaluation Criteria

Teams will be evaluated on parameters including, but not limited to:

quality and robustness of analysis,
soundness of the investment strategy,
application of quantitative and factor-based concepts,
clarity of rationale and interpretation,
quality of submission and presentation,

The detailed evaluation process and judging framework shall be determined by NJ AMC and the judging panel.

13. Shortlisting Process

Based on the analysis and solutions submitted, 12 teams will be shortlisted for the Semi-final, which will be held on 21st August 2026 in Surat.
The Semi-final will be conducted in a closed-door presentation format before the judging panel.
From the 12 Semi-finalist teams, 6 teams will be shortlisted for the Grand Final, which will be held on 22nd August 2026 in Surat.
The shortlisted teams will present their solutions and defend their analysis before an esteemed panel of judges. A question-and-answer interaction may form part of the evaluation process.

14. Presentation Format

The detailed presentation format, including time limits, sequence, and any related instructions for the Semi-final and Grand Final, will be communicated separately to the shortlisted teams.

15. Results and Decision

The decision of NJ AMC and the judging panel with respect to evaluation, shortlisting, disqualification, and final results shall be final and binding.

16. Titles and Recognition

At the conclusion of the competition, the following titles will be awarded:

Winner
Runners-up
2nd Runners-up

17. Travel and Accommodation

NJ AMC will provide accommodation, meals, and local travel within Surat for the Semi-finalist and Grand Finalist teams for the period from 20th August 2026 to 22nd August 2026. Detailed stay arrangements will be communicated separately.
Travel to Surat and return travel from Surat shall be arranged by the shortlisted teams themselves.