Terms and conditions
  1. Contest period: November 21-December 31, 2022
  2. All targets mentioned for the contest are sum of purchases and switch-ins (GS LS) during the contest period in the following three schemes:
    • Baroda BNP Paribas Multi-Asset Fund
    • WhiteOak Largecap Fund
    • HDFC Business Cycle Fund
  3. For the Retail Segment, a special carve-out of around ~1.14 lakh customers has been identified for the purposes of the contest. These clients are the sole responsibility of Retail Relationship Managers (RMs)/Customer Relationship Executives (CREs).
  4. All unmapped clients, Branch Manager-mapped clients and retail-mapped clients (excluding the Retail Book carve-out) can be approached by anyone for NFO deals in the contest. Retail segment clients (other than the Retail Book carve-out clients) details shall be provided to the impacted Branch Managers to avoid duplication of efforts by the non-CRE roles.
  5. For business from the unmapped clients, the Branch Manager-mapped clients and retail-mapped clients (excluding the Retail Book carve-out), Survey Monkey shall be used to assign credit (including offline): https://www.surveymonkey.com/r/_CHFH3
  6. The “first come, first served” policy shall be used to award credit to competing claims for the same deal on Survey Monkey (unmapped clients).
  7. Offline deals done with non-Sharekhan clients shall be considered basis the Employee Code details provided in CIS. Kindly ensure all such entries are updated in CIS.
  8. Credit at Branch and Segment levels shall be provided basis the Branch Code and tagging details.

Key conditions for eligibility:

  1. Net equalised sales lump sum (NES LS) should be positive during the contest period (not applicable to Sales and Onboarding teams).
  2. For the Retail Segment, NES LS criteria shall be applied to CREs on the special carve-out base of around ~1.25 lakh customers.
  3. Only NISM certified holding valid EUIN staff shall be eligible for the contest. This is applicable for ALL ROLES EXCEPT Cluster Heads and Segment Heads.

Other relevant details:

  1. NES LS = Gross equalised sales lump sum minus Equalised redemptions and switch-outs.
  2. GS LS and NES LS calculations shall be applied basis mapped base as on December 31, 2022 and calculated on the contest period.

In case of any disputes, the final decision will rest with Parminder Varma, Director and Chief Business Officer.
Published by Team Internal Communications
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