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Portfolio Management Services. Welcome to a presentation on. Overview. Indian Economy has witnessed a moderate growth during 07-08 with GDP growing at 8.7%. Agriculture grew by 2.6% Services Sector grew by 11.7% Manufacturing sector grew by 9.4% Infrastructure Sector grew by 9.6%

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  1. Portfolio Management Services Welcome to a presentation on

  2. Overview Indian Economy has witnessed a moderate growth during 07-08 with GDP growing at 8.7%. Agriculture grew by 2.6% Services Sector grew by 11.7% Manufacturing sector grew by 9.4% Infrastructure Sector grew by 9.6% Electricity Sector grew by 7.8% Indian Economy Source: Indiabudget.nic.in

  3. Indian Economy India Vs Global Economy Source: IMF World Economic Outlook April 2008

  4. Indian Economy Interest Rate Source: ministry of Finance, India

  5. Stable Foreign Exchange Reserve Indian Economy Source: Reserve Bank of India

  6. Indian Economy IndianRupeesVsWorldCurrency Source: Reserve Bank of India

  7. Indian Economy Inflation

  8. Monthly FDI Inflows for the year 2007 (January to August 2007) Indian Economy

  9. Countries 2005 FDI Inward 2005 2004 United Kingdom 164.53 Developed Nation 542 395 United States 99.44 Developing Nation 334 274 China 72.40 Others 40 41 France 63.57 Total 916 710 Netherlands 43.63 India 6.59 Indian Economy FDI Inward (In bn US$) (In bn US$) Source: Investment Report 2006, United Nation Centre for Trade & Development (UNCTAD); Financial Express Dt 17th October 2006

  10. FDI - Outward Indian Economy (In bn US$) Source: Investment Report 2006, United Nations Centre for Trade Development (UNCTAD); Financial Express dt 17th October 2006

  11. Outlook Indian Economy is expected to perform well owing to the recovery in agriculture, Coupled with the sustained momentum of growth in industry, Infrastructure and services. Indian Economy

  12. Overview Capital Markets – Healthy, Safe and well regulated. Substantial ownership by FII/NRI – Holds over 30%. Continues to attract foreign funds. Repatriation of Capital & Gains – Simple. Capital Markets

  13. Capital Markets Mutual Funds V/s FIIs Source: Business Line

  14. Top Stock Holdings by MFs and FIIs Source: Business Line

  15. Capital Markets Market Capitalisation Source: NSE news bulletin (March 2008)

  16. No of listed companies Capital Markets Source: S&P Global Stock Market Fact book, 2007

  17. Capital Markets Indian indices Vs World Indices Source: NSE news bulletin (December 2007)

  18. FDIs most attractive location (2007 – 09) Economies Percentage of respondents • China 52 • India 41 • United States 36 • Russian Federation 22 • Brazil 12 • Vietnam 11 • United Kingdom 10 • Poland 7 • Germany 7 • Australia 6 Source: UNCTAD, 2007b

  19. Capital Markets Business Growth of Capital Market Segments Source: NSE news bulletin (March 2008)

  20. Capital Markets Business Growth of Futures & Options Market Source: NSE news bulletin (March 08)

  21. Banking Regulations Regulations • Capital and Gains are freely repatriable. • No lock in period.

  22. Dividend Income by way of dividends distributed by domestic companies and income received in respect of units of a Mutual Fund registered with SEBI, held in the Portfolio Management Scheme, is exempt in the hands of the investors. Taxation

  23. Long Term Capital Gain Shares in a company, units of a Mutual Fund registered with SEBI and other listed securities held as capital assets are treated as long term capital assets if they are held for a period of more than twelve months preceding the date of transfer Under Section 10(38) of the Income Tax Act, Capital gains arising from the transfer of a long term capital asset being equity shares or unity of an equity oriented fund entered into after October 1, 2004 and where such transactions is chargeable to Securities Transaction Tax, is exempt from Income tax. Share purchased before October 1, 2004 or where such transaction was not chargeable to Securities Transaction Tax, Section 112 of Income Tax Act is applicable. Taxation

  24. Short Term Capital Gain Securities, including units of a Mutual Fund, held as a capital assets for not more than twelve months preceding the date of their transfer are short term capital assets. Capital gains arising from the transfer of a short term capital asset being equity share or units of an equity oriented fund referred to in Section 111A read with Section 10(38) of the Income Tax Act, and where such transaction is chargeable to Securities Transaction Tax, is chargeable to tax at the rate of 15% plus applicable surcharges and educational cess. Taxation

  25. About Us Overview 1) Munoth Financial Services Limited (MFSL) was incorporated on 1st November 1990. 2) MFSL is a widely held listed company. 3) Financial Performance (Figures : In Indian Rupees Million)

  26. Capital Market Activities include - Merchant Banker - Stock Broker - Depository Participant - Portfolio Management Service Provider - Share Transfer Agent About Us

  27. Merchant Bankersince 1994 Associated as Lead Manager for over hundred Initial Public Offering/Rights Issue/ open offer. Currently handling Malar Publication Limited a Media Conglomerate from Chennai, India. Handled ESOP shares for Orchid Chemicals & pharmaceuticals Limited Registered with SEBI (INM000003739) About Us

  28. Stock BrokerSince 1995 Member of National Stock Exchange (Equity) (CM INB230803634) Member of National Stock Exchange (Derivatives) INF230803634) Member of Madras Stock Exchange (INB040803634) Member of Over the Counter Exchange of India INB200803630) Present in Retail & Institutional segment Clients in Institutional segment include – a) United India Insurance b) Oriental insurance company c) Indian Overseas Bank d) Federal Bank Limited, etc About Us

  29. Depository Participantsince 1997 First Depository Participant in South India Has a client base of over 4000 Accounts. Registered with SEBI (IN-DP-NSDL-3739) About Us

  30. Share Transfer Agent MFSL has still not commenced STA activities. Registered with SEBI (INR2OOOOOO641) About Us

  31. Portfolio Management ServicesSince 1999 Registered with SEBI (INP000000308) Offers Discretionary Portfolio Services Munoth Growth Portfolio Scheme (MGPS) : Seeks to generate capital appreciation in line with risk taking capacity. Targeted for Non Resident Indians. Munoth Arbitrage Portfolio Services (MAPS) : Seeks to generate income through arbitrage opportunities emerging out of mis – pricing between cash and derivative market. Munoth Dividend Yield Services (MDYS) : Seeks to generate returns through a combination of dividend accrual and capital appreciation. About Us

  32. Discretionary Portfolio Scheme - MGPS Investments will primarily be made in equities and some time in debt and bank deposits. Investment Objective : To generate capital appreciation in line with risk profile. Minimum Size : IRS Ten Million. The investment objective of MGPS is to generate capital appreciation on investment for investor in line with therisk profile. This will be done by primarily investing in equity. ➢        MGPS

  33. Discretionary Portfolio Scheme -MGPS Investment Pattern : Equity / Equity related securities. Exposure to script : Typically 15 to 20 scripts. Cap on Script : Typically 10% of funds. Cap on Industry : Typically 25% of funds. Investable Stock : Top 100 stocks by market cap. MGPS

  34. Portfolio Management Performance - MGPS MGPS

  35. Model Portfolio Sector Allocation - MGPS MGPS

  36. MGPS - FORESIGHT Over 70% in Cash/Debt in March 2006 end – waiting for the correction to take place. MGPS

  37. Comparison with index MGPS

  38. Procedure Complete Documentation Get Bank, Broking, Depository Accounts activated Get RBI permission for Portfolio Investment Scheme Get Started PMS

  39. Accounting Policies In line with Accounting Standards as stipulated by Institute of Chartered Accountants of India. Maintains proper books of Accounts, Records and Documents for each Client. FIFO followed to compute capital gains Weighted average followed to derive holding cost. Dividend, Rights and Bonus recognised on the ex dates. PMS

  40. Risk Factors Normal risk associated with equities exposure. Past performance no gurantee for future performance For Detailed risk factors – refer disclosure document. PMS

  41. Thank you

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