Bollywood beauties Aishwarya Rai, Kareena Kapoor and Priyanka Chopra are in the run for Cosmopolitan Magazine's fun, fearless awards, to be held in Mumbai Saturday.

The three actresses are competing in Fun, Fearless Female All Time Reader's Choice Award this year.

Other categories include - Fun, Fearless Power Couple award, for which the nominees are - Kareena Kapoor-Saif Ali Khan; Hrithik Roshan-Sussanne Khan and Arbaaz Khan-Malaika Arora Khan.

There is also a Fun, Fearless Male 2010 Reader's Choice Award, and Ranbir Kapoor, Shahid Kapoor, Salman Khan, and Arjun Rampal are competing for the title in this category.

The event, in its third edition now, takes place annually in India, Britain and the US.

"The Fun, Fearless Female Awards is a cult, one-of-its-kind event that celebrates all that's iconic of the Cosmo woman - her attitude, drive, and the never-say-never spirit," Nandini Bhalla, editor of Cosmopolitan, said in a press statement.

The organisers are expecting a star-studded turnout at the event Saturday at the Taj Land's End, Mumbai.

"The response has been tremendous - from readers, Bollywood favourites, and the industry. The Fun Fearless Awards are a pat on the back to women (and some special men) from different areas of life-acting, music, theatre, and more.

"Last year's awards saw a great turnout - Shah Rukh Khan, Deepika Padukone, Katrina Kaif, and more. And this year's awards promise to be bigger, better, and more Cosmo than ever," said Mala Sekhri, chief operating officer, Lifestyle Magazines, India Today Group.