October 6, 2023

I am pleased to announce Asset Gathering League (AGL), an asset gathering contest, for the Branch Network staff of Sharekhan. It is a great opportunity for the entire front-life staff to excel at their work and get rewarded as well as recognised for their efforts. The contest opened on October 4 and closes on December 31, 2023.

Participate in the contest by maximising your fresh asset collection and stand a chance to get recognised in a convention in Goa next year! If you unleash the Sheru within you and are among the top performers across the country in the contest, we shall make sure that you are rewarded with a larger-than-life experience in the convention, with a special gala lunch, a gold coin and a medal for your stellar achievement.

I look forward to full participation from the front-line teams and many extraordinary performances too. The details of the contest are presented below.

With respect to rewards, my decision will be final.

Contest rewards and targets for individual roles

Contest rewards and targets for managerial roles

Contest rewards and targets for sales and onboarding roles

Targets for Segment Heads and Zonal Heads

Qualifying Criteria

1. The Goa convention will take place only if 50% of the net equalised lump sum target of Rs.100 crore is achieved. If this target is not achieved and the Goa convention will not take place. However, the participants who achieve their respective targets will be rewarded equivalently.
2. Participants can qualify for the contest only if 50% of the net equalised sales lump sum target is achieved from mutual funds. Only equity SIPs, ie schemes with equalisation of 90% and above, within monthly amount of minimum Rs.2,000 and minimum tenure of 36 months shall be considered for calculating the new SIPs.
3. Contest criteria - product-wise credit will be as follows:
   1. Mutual fund scheme credit will be considered as per equalisation credit communicated during the contest period. Please refer to the “Funds we Like” for the latest list of funds based on in-house research.
   2. Equity PMS equalisation will be as follows:
      1. In-house PMS: 120%
      2. Approved third-party products: 100%
      3. Non-approved third-party products: 90%
   3. InvesTiger will be considered at 100% of actual net sales achieved during the contest period.
   4. Corporate deposits and SGB credit will be considered at 50% of the gross sales achieved during the contest period.
4. For PMS, please report business on MS Teams link interim MIS. The final MIS will be prepared based on transaction feeds from product providers and on the basis of DPMS mapping for the month in which the transaction took place.
5. For corporate deposits, please report all business on MS Teams link for interim MIS. The final MIS will be prepared based on transaction feeds from product providers and on the basis of DPMS mapping for the month in which the transaction took place.
6. All Sales and Onboarding staff will have to report business on MS Teams link for the business sourced through unmapped clients. Please note, the Sales and Onboarding staff can source business from Branch Manager-mapped clients, unmapped clients and new accounts as defined under Sales KPI and Incentive Policy.

Given below are links to some important documents that you must read before you participate in the contest.

Important links for the contest

Enablers:

I wish you all the best for the contest.

Thank you.

Best regards,

Dr Parminder Varma
Chief Business Officer
Sharekhan