Gaurang Shah. The Indian Finance Sector, Portfolio Management, MF and Investment Advisors. Overview, Present and Future.
|
|
- Adam Short
- 6 years ago
- Views:
Transcription
1 Gaurang Shah The Indian Finance Sector, Portfolio Management, MF and Investment Advisors Overview, Present and Future 28 th Dec 13 1
2 Financial Sector Current Issues Opportunities in Financial Services 2
3 Financial Sector Current Issues Opportunities in Financial Services 3
4 Constituents Bank source - RBI June 13 Mutual Fund source - AMFI Commercial Banks Schedule commercial banks 151, of which Public Sector Banks 25 Private Sector Banks 20 Insurance Life (1+23) Non Life (4+21) * Mutual funds UTI, LIC & Bank sponsored (9) Private Sector (18) Foreign (8) Private sector Joint Ventures (10) Pension PSU (3), Private Sector (6) NBFC Deposit # Non Deposit * General insurance companies exclude Export Credit Guarantee Corporation of India Ltd. & Agriculture Insurance Co. of India Ltd. 4 # As on 31 st May Source RBI website. Excludes 2 RNBC As on 30 th November Source RBI website.
5 Stock of Financial Savings Rs. Crs 7% of GDP Mutual Funds, 7,45,968 3% of GDP Private Life Insurance, 3,49,474 LIC, 14,89,640 14% of GDP 5% of GDP Provident Fund, 5,05,000 6% of GDP Small Savings, 6,02,072 79% of GDP Bank Deposits, 74,77,930 Bank deposits - as on 29 st Nov 13; Source - RBI Life Insurance total AUM as on Sep 2013, LIC AUM as on Mar 2013, Private AUM derived as the balancing figure; Source Life council Mutual Fund as on 30 st Sep 2013; Source - AMFI Small Savings as on Feb 2013; 5 Provident Fund as on 30 Nov 13 Source ET GDP 94,61,013 crs at factor cost ; Source - RBI
6 Distribution of AUM Particualrs Rs. Crs. Bank Deposits 7,477,930 Life Insurance Funds 1,839,114 Mutual Funds 745,968 Small Savings 602,072 Provident Fund 505,000 NBFC* 10,586 Banks Mix SBI and associates 22% Nationalized banks 52% RRB's 3% Private banks 18% Foreign banks 4% Insurance Rs. Crs. Mix Mutual Equity Funds Rs. Crs454,556 Mix 25% Debt Fixed Income 554,124 1,353,440 74% EquityOthers 162,449 31,118 22% 2% Balanced 15,218 2% Others 14,176 2% Small Savings Rs. Crs. Mix Deposits (Post office, NSS, Senior citizen) 366,884 61% Certificates (NSC.KVP,IVP) 196,367 33% PPF 38,821 6% * Including 2 RNBC s Rs 3,501 Crs Banks as on 29 th Nov 2013, source RBI; Mix as on Mar 13 MF - as on 30 th Sep 2013, source AMFI PF as on 30 th Nov 2013, source Economic Times Life Insurance Life Council as on Sep 13 6
7 Composition of Financial Savings FY13 Rs Crs. 56% Bank Deposits 617,000 16% Life Insurance 179,500 10% Currency 159,600 15% PF, Pension 112,100 3% 34,400 Shares, Debentures & MF -9,000 G-Sec & Small Savings Over 66% of incremental savings are still going into Bank deposits & Currency (FY12 64%) source RBI annual report
8 Mutual Funds - % of GDP India 8% % of GDP as on 2012 Netherl Germany 9% 9% Japan 13% UK 33% Switzerl 43% France 53% US 72% Source: The City UK estimates based on UBS, OECD, SwissRe, Investment Company Institute data GDP Source: India - RBI website; Other countries Work Bank
9 Insurance AUM - % of GDP % of GDP as on 2012 India France Netherlands Germany US Switzerland Japan UK 20% 25% 39% 40% 44% 57% 65% 111% Source: The City UK estimates based on UBS, OECD, SwissRe, Investment Company Institute data GDP Source: India - RBI website; Other countries Work Bank
10 Pension Funds - % of GDP India 4% % of GDP as on 2012 Germany France 6% 8% Japan 25% US Switzerland UK 108% 112% 123% Netherlands 150% Source: The City UK estimates based on UBS, OECD, SwissRe, Investment Company Institute data GDP Source: India - RBI website; Other countries Work Bank
11 Financial Sector Current Issues Opportunities in Financial Services 11
12 Current Challenges How do we convert a Nation of Savers into a Nation of Investors? Falling Financial Savings 7.5% of GDP takes us back to 80 s 12
13 Fall in household savings 30% Physical Savings as a % of GDP Financial Savings as a % of GDP Household Savings as a % of GDP 25% 23% 24% 24% 23% 22% 24% 25% 24% 22% 30% 25% 20% 15% 12% 14% 18% 8% 12% 13% 12% 12% 11% 14% 13% 13% 14% 20% 15% 10% 7% 8% 7% 7% 10% 5% 0% 10% 11% 10% 12% 11% 12% 12% 5% 10% 10% 5% 7% 8% 5% 2% 3% 1950s 1960s 1970s 1980s 1990s % 0% Source :- Economic Survey Source for GDP growth rate :- RBI 13
14 Current Challenges How do we convert a Nation of Savers into a Nation of Investors? Falling Financial Savings 7.5% of GDP takes us back to 80 s Increase in gold imports and high real estate prices Is low real interest rate hurting? 14
15 CAD & Gold Higher gold demand explains more than half of CAD deterioration, average yearly gold imports before 2008 was around only $15bn compared to $50bn in current period. High CAD lead to depreciation of the Rupee, putting upward pressure on inflation and interest rates 15
16 Current Challenges How do we convert a Nation of Savers into a Nation of Investors? Falling Financial Savings 7.5% of GDP takes us back to 80 s Increase in gold imports and high real estate prices Is low real interest rate hurting? Low Tax-GDP ratio at 9.9% in (direct taxes 5.5%; indirect taxes 4.4%) down from a peak of 11.9% in Bringing retail investors back to the Market 16
17 Retail participation in Stock Markets Retail participation at 10-year low Daily cash market average volume of retail investors is down to Rs 4,615 crore in 2013, lowest since 2003 and 66% down from peak of Rs 13,709 crore in Of a population of over one billion, around 18 million invest in equity markets* In November 2013, there were 21.6 million retail accounts that accounted for less than 2 per cent of the - Source - ET Oct 21, Source - Business Today April 2011 edition # - FM Chidambaram speaking at the 20th anniversary celebrations of the National Stock Exchange in Mumbai 14th December
18 Retail Participation in Mutual Fund Rs. Crs Retail participation (Including HNI ) is at 48% * HNI defined as individuals investing Rs 5 lakhs and above MF - as on 30 th Sep 2013, source AMFI 18
19 Current Challenges How do we convert a Nation of Savers into a Nation of Investors? Falling Financial Savings 7.5% of GDP takes us back to 80 s Increase in gold imports and high real estate prices Is low real interest rate hurting? Low Tax-GDP ratio at 9.9% in (direct taxes 5.5%; indirect taxes 4.4%) down from a peak of 11.9% in Bringing retail investors back to the Market Financial inclusion Importance of the financial intermediaries Fair remuneration Well directed tax benefits How do we make the markets safer? Corporate governance / fraud control 19
20 Distribution regulation There is already convergence at the Distribution level Can regulators converge? Life Insurance (Private) Asset Management (Retail) Banks 39% 31% IFA /Agent 44% 37% CA / Brokers 13% 23% Direct 4% 9% Source :- IRDA Annual Report FY12 and Mckinsey for AMC FY12 Intermediary Regulation Make the distributors responsible The draft banc assurance regulations SEBI (Investment Advisors) Regulations, 2013 One license across all products for individual 20
21 Taxation Long term savings have to be incentivized S.80C benefit Differentiate only on the basis of time horizon of investment Benefits need to be amended Parity in tax treatment A pension product offered from any platform should be subject to the same taxation Direct Tax Code an opportunity 21
22 Points to be resolved Financial Sector Current Issues Opportunities in Financial services 22
23 Opportunities for Chartered Accountants Career Opportunities Research, Actuarial, Credit analysis, Analytics, and Outsourcing opportunities significant demand in fields like Actuarial for finance professionals Fund Management in AMC / Insurance industries offers exposure to operations of markets and opportunity to manage large corpus in dynamic market settings Financial advisory services Portfolio management, Asset allocation & Financial planning Distribution of financial products like Insurance/MF existing client base / looking for professional financial advice or investment guidance; ability to evaluate investment options on various parameters, to help clients in financial planning Financial education in itself is a vast area huge demand for education on financial concepts to be conducted by professionals Audit & Certification - Increasing regulatory requirements lead to significant amount of audit & certification work e.g. in Life Insurance sector beyond statutory and internal audits; there are assignments like certification of NAV, audit of rural/social obligations, Group credit term processes / claims settlement process etc. 23
24 Thank You 24
Mutual Funds in India a Perspective. Industry Trends Copyright 2018 Association of Mutual Funds in India
Mutual Funds in India a Perspective Industry Trends Copyright 2018 Association of Mutual Funds in India 1 Indian Mutual Fund Industry Over the Years PHASE V PHASE I 1964-1987 UTI established as the first
More informationMutual Funds and PMS. WIRC Sept 17, Suresh Soni Chief Executive Officer DHFL Pramerica Asset Managers. Page 1
Mutual Funds and PMS WIRC Sept 17, 2016 Suresh Soni Chief Executive Officer DHFL Pramerica Asset Managers Page 1 What is a Mutual Fund and Why a Mutual Fund A mutual fund is the trust that pools the savings
More informationAxis Corporate Debt Fund. (An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds)
Axis Corporate Debt Fund (An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds) Macro economic indicators are showing signs of stability Indicator Current* Outlook Inflation
More informationAccounts Across Investor Types
Accounts Across Investor Types There are 50,559,495 accounts in the mutual fund industry as at September 2016, of which 99% is accounted for by individual investors. There were: 47,986,325 retail investor
More informationCLSA Investor forum. September 14, 2017
CLSA Investor forum September 14, 2017 Agenda Opportunity Industry and Competitive landscape Company strategy and performance 2 Agenda Opportunity Industry and Competitive landscape Company strategy and
More informationCRISIL - AMFI GILT Fund Performance Index. Factsheet December 2017
CRISIL - AMFI GILT Fund Performance Index Factsheet December 2017 Table of Contents About the Index...3 Features and Characteristics...3 Methodology...3 CRISIL - AMFI GILT Fund Performance Index: Constituent
More informationIndian Mutual Fund Industry
Indian Mutual Fund Industry Changing Paradigm Ashok Suvarna COO, Birla Sun Life Asset Management Company Limited July 21, 2012 Agenda History Competitors Mutual Funds Industry - Global Indian MF Industry
More informationAccounts Across Investor Types
Accounts Across Investor Types 0.6% There are 71,347,301 accounts in the mutual fund industry as at March 2018, of which 99.4% is accounted for by individual investors. 99.4% There were: 67,006,424 retail
More informationAccounts Across Investor Types
Accounts Across Investor Types 0.6% There are 66,486,373 accounts in the mutual fund industry as at December 2017, of which 99.4% is accounted for by individual investors. 99.4% There were: 62,539,805
More informationAccounts Across Investor Types
Accounts Across Investor Types 0.6% There are 58,230,384 accounts in the mutual fund industry as at June 2017, of which 99% is accounted for by individual investors. 99.4% There were: 55,050,836 retail
More informationFIXED INCOME UPDATE 1
1 FIXED INCOME UPDATE Abstract Rates are headed down on lower inflation Inflation is likely to hit the RBI s disinflationary path Bond yields may further fall on continuation of rate cuts Macro conditions
More informationMutual Fund Monthly Newsletter
Mutual Fund Monthly Newsletter Dec, 216 Risk comes from not knowing what you re doing. - Warren Buffett 1 MUTUAL FUND INDUSTRY SYNOPSIS Indian Mutual Fund industry s Avg. Assets under Management (AAUM)
More informationTHE FALL AND RISE OF MUTUAL FUNDS IN INDIA. Kaushal Shah & Associates Advocates, Solicitors and Legal Consultants
THE FALL AND RISE OF MUTUAL FUNDS IN INDIA Kaushal Shah & Associates Advocates, Solicitors and Legal Consultants Corporate Office: 406, Peninsula Plaza, Fun Republic Lane, Off Andheri Link Rd, Andheri
More informationTest Objectives for NISM-Series-X-A: Investment Adviser (Level 1) Certification Examination
Test Objectives for NISM-Series-X-A: Investment Adviser (Level 1) Certification Examination Chapter 1: Introduction to Indian Financial Market 8 marks 1.1. Discuss the macro-economic parameters of Indian
More informationCRISIL - AMFI Income Fund Performance Index. Factsheet March 2018
CRISIL - AMFI Income Fund Performance Index Factsheet March 2018 Table of Contents About the Index...3 Features and Characteristics...3 Methodology...3 CRISIL - AMFI Income Fund Performance Index: Constituent
More informationIndia : Building scale and leadership. Pankaj Razdan Prudential Corporation Asia 1 December 2006
India : Building scale and leadership Pankaj Razdan Prudential Corporation Asia 1 December 2006 India : Economic Overview Rising affluence Wealth generation is driven by strong economic and market capitalisation
More informationA. Present Context. Page 1 of 7
NSE-NYU Conference on Indian Financial Markets Dr. R. H. Patil Auditorium, NSE, Bandra Kurla Complex December 14, 2017 Address by Chairman SEBI Developing Corporate Bond Market The Unfinished Agenda A.
More informationAudited Quarterly & Full-Year Results March 31, 2015
Earnings Update Audited Quarterly & Full-Year Results March 31, 2015 The Board of Directors of The Jammu & Kashmir Bank Ltd. at their meeting held on May 16, 2015 took on record the Audited Financial Results
More informationNISM-Series-V-A. Mutual Fund Distributors Certification Examination
NISM-Series-V-A Mutual Fund Distributors Certification Examination Test Objectives Unit 1: Concept and Role of a Mutual Fund 1.1. Describe concept and advantages of a mutual fund Define a mutual fund and
More informationMutual Fund Monthly Newsletter
Mutual Fund Monthly Newsletter MAR 217 Know what you own, and know why you own it. - Peter Lynch 1 MUTUAL FUND INDUSTRY SYNOPSIS MUTUAL FUNDS SEE RS 3, CR INFLOW IN FEB; RS 3.98 LAKH CR IN 11 MONTHS MUTUAL
More information2017 CRISIL Ltd. All rights reserved. Debt s it! Why debt funds are as good a wealth-creation tool as any, and can also aid in nation building
Debt s it! Why debt funds are as good a wealth-creation tool as any, and can also aid in nation building 1 Key messages Debt funds the next big driver for the Indian MF industry Macro environment, tax
More informationQuarterly Results - Q1 FY09 (Apr- Jun 08) July 29, 2008
Quarterly Results - Q1 FY9 (Apr- Jun 8) July 29, 28 Presentation structure Performance highlights- Q1 FY9 Business review Corporate overview Industry overview Unless otherwise mentioned, facts and figures
More informationMutual Funds. Fortune Equity Brokers (India) Ltd.
Mutual Funds A simple tool to achieve financial i goals.. What is Mutual Funds? Passed back to Generates Returns = Investor Pools money with Fund House Fund Managers invest in Capital Market Types of Mutual
More informationMutual Fund Screener For the quarter ended Jun -18
Mutual Fund Screener For the quarter ended Jun -18 Mutual Fund Screener What s Inside 01 Industry Size 02 Investor Trends 03 Inflow Outflow Analysis 04 Sector Update 05 Category Performance 06 Industry
More informationIFLR India Awards "Team of the Year" in the Indian Investment Banks category. Primary and Secondary Issuance Process
IFLR India Awards 2011 - "Team of the Year" in the Indian Investment Banks category Primary and Secondary Issuance Process May 2012 Table of Contents Section 1 Section 2 Capital Markets Overview Trends
More informationTAX EDGE. Monthly Tax & Regulatory Updates. October
TAX EDGE Monthly Tax & Regulatory Updates October 2018 www.krayman.com Accounting Taxation Regulatory Contents Goods & Services Tax (GST) Customs Direct Tax Company Law Reserve Bank of India (RBI) Goods
More informationMutual Fund Screener For the quarter ended Dec-17
Mutual Fund Screener For the quarter ended Dec-17 Mutual Fund Screener What s Inside 01 Industry Size 02 Investor Trends 03 Inflow Outflow Analysis 04 Sector Update 05 Category Performance 06 Industry
More informationALM for Employee benefit funds are we doing enough?
ALM for Employee benefit funds are we doing enough? Khushwant Pahwa, FIAI, FIA Founder and Consulting Actuary KPAC (Actuaries and Consultants) www.kpac.co.in +91-9910267727 k.pahwa@kpac.co.in Agenda Introduction
More informationRiskometer. *Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
1 Product Labeling This product is suitable for investors who are seeking*: Regular income and capital appreciation. To generate income by investing in arbitrage opportunities in the cash and derivatives
More informationMutual Fund Screener For the quarter ended Sep-17
Mutual Fund Screener For the quarter ended Sep-17 Mutual Fund Screener What s Inside 01 Industry Size 02 Investor Trends 03 Inflow Outflow Analysis 04 Sector Update 05 Category Performance 06 Industry
More informationMutual Fund Monthly Newsletter
Mutual Fund Monthly Newsletter SEPTEMBER 2017 CHANGE YOUR SAVING HABIT TO EARN MORE - START INVESTING IN MUTUAL FUND MUTUAL FUND INDUSTRY SYNOPSIS MUTUAL FUND INDUSTRY AUM MUTUAL FUNDS SEE RS 62,000 CR
More informationEquity Perspective. November 2017
Equity Perspective November 2017 Equity Markets - Review Equity Roundup Movement in October U.S Closing Price 1-Month Return (%) Year To Date Returns (%) S&P 500 2575.26 2.22 15.03 Nasdaq 6727.67 3.57
More information3.1 INTRODUCTION TO SBI MUTUAL FUND
3.1 INTRODUCTION TO SBI MUTUAL FUND UTI ruled more than two decades over mutual fund industry; in 1987 SBI mutual fund became the first non UTI public sector mutual fund in India & in the 1990 s a new
More informationCONTENTS. Board of Directors 2. Trustee Report Close Ended Schemes (Matured) Auditors' Report Balance Sheet 20-21
CONTENTS Page Board of Directors 2 Trustee Report 3-14 Close Ended Schemes (Matured) 15-48 Grindlays Fixed Savings Scheme - Annual Plan 3, Grindlays Fixed Savings Scheme - Annual Plan 4, Grindlays Fixed
More informationCorporate Presentation. August
Corporate Presentation August 2017 1 PARENTAGE Sundaram Finance Sundaram Business Services Limited Outsourcing services *Not an exhaustive list Fully Owned Subsidiaries* Sundaram Asset Management Mutual
More informationPerformance review FY2018
Performance review FY2018 April 14, 2018 ICICI Securities: Natural beneficiary of transforming savings environment Largest equity broker in India * powered by ICICIdirect Strong online presence aided by
More informationFIXED INCOME UPDATE AUGUST 17
1 FIXED INCOME UPDATE AUGUST 17 Aug-16 Aug-16 Sep-16 Sep-16 Oct-16 Oct-16 Nov-16 Nov-16 Dec-16 Dec-16 Jan-17 Jan-17 Feb-17 Feb-17 Mar-17 Mar-17 Apr-17 Apr-17 May-17 May-17 Jun-17 Jun-17 Jul-17 Jul-17 Aug-17
More informationCRISIL - AMFI Diversified Equity Fund Performance Index. Factsheet September 2017
CRISIL - AMFI Diversified Equity Fund Performance Index Factsheet September 2017 Table of Contents About the Index... 3 Features and Characteristics... 3 Methodology... 3 CRISIL - AMFI Diversified Equity
More informationEquity Perspective. March 2018
Equity Perspective March 2018 Equity Markets - Review Equity Roundup Movement in February U.S Closing Price 1-Month Return (%) Year To Date Returns (%) S&P 500 2713.83-3.89 1.50 Nasdaq 7273.01-1.87 5.35
More informationWhy to plan for Retirement
1 Why to plan for Retirement Out of the average Indian life span of 80 years minimum 20 years is spent without steady earnings McKinsey India Life Insurance 2012 Report 2 Why to plan for Retirement contd
More informationCRISIL - AMFI Liquid Fund Performance Index. Factsheet December 2017
CRISIL - AMFI Liquid Fund Performance Index Factsheet December 2017 Table of Contents About the Index...3 Features and Characteristics...3 Methodology...3 CRISIL - AMFI Liquid Fund Performance Index: Constituent
More informationReliance Capital (RELCAP)
Event Update Rating matrix Rating : Buy Target : 466 Target Period : 12 months Potential Upside : 41% Key Financials (Consolidated) crore FY10 FY11 FY12E FY13E Revenues 6141 5499 6452 7129 PBT 592 287.3
More informationCertified Mutual Funds Advisor VS-1095
Certified Mutual Funds Advisor VS-1095 Certified Mutual Funds Advisor Certified Mutual Funds Advisor Certification Code VS-1095 Vskills certification in Mutual Funds helps in understanding the concept
More informationMutual Fund Industry in India. December 23, 2013 Sandesh Kirkire CEO Kotak Mutual Fund
Mutual Fund Industry in India December 23, 2013 Sandesh Kirkire CEO Kotak Mutual Fund A View of Indian Mutual Fund Industry Total industry AUM with break-up across Equity, Debt & Gold Money Market Rs.
More informationKalyan Nalla Bala, Subramanyam.P, International Journal of Advance Research, Ideas and Innovations in Technology.
ISSN: 2454-132X Impact factor: 4.295 (Volume3, Issue6) Available online at www.ijariit.com A Study on Performance of SBI Blue Chip Fund at SBI Mutual Funds in India Dr. Nalla Bala Kalyan Assistant Professor
More informationCRISIL - AMFI Short Term Debt Fund Performance Index. Factsheet March 2018
CRISIL - AMFI Short Term Debt Fund Performance Index Factsheet March 2018 Table of Contents About the Index...3 Features and Characteristics...3 Methodology....3 CRISIL- AMFI Short Term Debt Fund Performance
More informationChapter 5. Fund Distribution and Channel Management Practices
Chapter 5 Fund Distribution and Channel Management Practices Investors in Mutual Funds Investors Eligible to Invest in Mutual funds Individuals & Hindu undivided families (HUFs) Companies & partnership
More informationMarket Outlook Presentation
November 2013 Aiming to discover value beyond Sensex & Nifty Market Outlook Presentation Mutual Fund investments are subject to market risks, read all scheme related documents carefully. HOW GLOBAL INDICES
More information7. Foreign Investments in India
81 7. 7.1 Introduction Since 1992, Foreign Institutional Investors (FIIs) have been allowed to invest in all traded securities on the primary and secondary markets, including shares, debentures and warrants
More informationFinancial & Business Highlights For the Year Ended June 30, 2017
Financial & Business Highlights For the Year Ended June, 17 17 16 15 14 13 12 Profit and Loss Account Operating Revenue 858 590 648 415 172 174 Investment gains net 5 162 909 825 322 516 Other 262 146
More informationRating Rationale Ecap Equities Ltd. 16 Nov Brickwork Ratings assigns Rating to the Proposed PP-MLD of Rs. 500 Cr of Ecap Equities Ltd.
Rating Rationale Ecap Equities Ltd. 16 Nov 2018 Brickwork Ratings assigns Rating to the Proposed PP-MLD of Rs. 500 Cr of Ecap Equities Ltd. (ECEL) Particulars Facility Proposed PP-MLD Amount (Rs. Crs)
More informationFund (An open ended debt scheme predominantly investing in debt instruments of Banks, Public Sector Undertakings & Public Financial Institutions)
Axis Banking & PSU Debt Fund (An open ended debt scheme predominantly investing in debt instruments of Banks, Public Sector Undertakings & Public Financial Institutions) May 2018 Yield Stark shift in yield
More informationParticipate in one of the key drivers of Growth & Development in India
Participate in one of the key drivers of Growth & Development in India DATE OF ALLOTMENT December 28, 2015 BENCHMARK Nifty Financial Services TRI (WEF From 1st February 2018) FUND SIZE Rs.261.73 (Rs. in
More informationCorporate Presentation. December
Corporate Presentation December 2017 1 PARENTAGE Sundaram Finance Sundaram Business Services Limited Outsourcing services *Not an exhaustive list Fully Owned Subsidiaries* Sundaram Asset Management Mutual
More information*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Product Labeling This product is suitable for investors who are seeking*: Long term capital appreciation and current income Investment in equity and equity related instruments as well as fixed income securities
More informationReport of the Trustee... 2
Contents Report of the Trustee... 2 Kotak Mahindra 30 Unit Scheme, Kotak Mahindra Balance Unit Scheme 99, Kotak Mahindra Technology Scheme, Kotak Mahindra MNC Scheme, Kotak Mahindra Income Plus Scheme,
More information3. Collective Investment Vehicles
43 Collective Investment Vehicles I S M R 3. Collective Investment Vehicles 3.1 Introduction A collective investment vehicle (CIV) allows many invesrs pool their money and invest. The pooled capital is
More informationPerformance review Q1-FY2019
Performance review Q1-FY2019 July 23, 2018 ICICI Securities: Natural beneficiary of transforming savings environment Largest equity broker in India 1 powered by ICICIdirect Strong online presence aided
More informationUTI Dual Advantage Fixed Term Fund Series IV I (1279 days)
UTI Dual Advantage Fixed Term Fund Series IV I (1279 days) (A Close-ended Hybrid Scheme) NFO Opens: November 22, 2016 NFO Closes: December 06, 2016 RISKOMETER The product is suitable for investors who
More informationHow Macros have changed favourably
How Macros have changed favourably Prime Minister s most important focus Housing for All by 2022 : Action Steps and Outcomes (Urban housing requirement estimated at 4.5 Cr units by 2022) 1. Regulatory
More informationCRISIL - AMFI Money Market Fund Performance Index. Factsheet March 2018
CRISIL - AMFI Money Market Fund Performance Index Factsheet March 2018 Table of Contents About the Index...3 Features and Characteristics...3 Methodology...3 CRISIL - AMFI Money Market Fund Performance
More informationHSBC Asset Management (India) Private Limited
HSBC Asset Management (India) Private Limited Annual Report 2014-2015 DIRECTORS REPORT FOR THE YEAR ENDED MARCH 31, 2015 The Shareholders HSBC Asset Management (India) Private Limited The Directors of
More informationPresent Challenges & alternate channels of distribution
Present Challenges & alternate channels of distribution S. Muhnot MD & CEO IDBI Capital Market Services Ltd Presentation Contents Market Perspectives of the Indian Mutual Fund Industry Online the new channel
More informationMutual Fund Screener For the quarter ended Mar-18
Mutual Fund Screener For the quarter ended Mar-18 Mutual Fund Screener What s Inside 01 Industry 02 Investor 03 Inflow Outflow 04 Sector Size Trends Analysis Update 05 Category Performance 06 Industry
More informationAxis Dynamic Equity Fund. (An open ended dynamic asset allocation fund)
Axis Dynamic Equity Fund (An open ended dynamic asset allocation fund) Net equity inflow --> Nifty 50 Index Emotions and Impact Manual market timing Emotions have impacted investment decisions 20.7% Value
More informationAGENDA. 1 Background. Need for Pension Reform. 3 NPS Introduction. 4 Features of NPS. 5 Current status of NPS
Pension Fund Regulatory and Development Authority New Delhi AGENDA 1 Background 2 Need for Pension Reform 3 NPS Introduction 4 Features of NPS 5 Current status of NPS 2 DEMOGRAPHICS Nearly 100 million
More informationCommon Key Information Memorandum for Debt and Liquid Schemes
Common Key Information Memorandum for Debt and Liquid Schemes Continuous Offer of Units at NAV based prices This Common Key Information Memorandum (KIM) sets forth the information, which a prospective
More informationCRISIL - AMFI Balance Fund Performance Index. Factsheet March 2018
CRISIL - AMFI Balance Fund Performance Index Factsheet March 2018 Table of Contents About the Index... 3 Features and Characteristics... 3 Methodology... 3 CRISIL - AMFI Balance Fund Performance Index:
More informationRegular income for short term Investment in Government securities
Asset Management Company: SBI Funds Management Pvt. Ltd. (A Joint Venture between State Bank of India & AMUNDI) KEY INFORMATION MEMORANDUM Product Labelling This product is suitable for investors who are
More informationAxis Dynamic Equity Fund. (An Open - Ended Dynamic Asset Allocation Fund)
Axis Dynamic Equity Fund (An Open - Ended Dynamic Asset Allocation Fund) Emotions and Impact Manual market timing Emotions have impacted investment decisions Investors ended up investing at market peak
More informationTHE BANKER TO EVERY INDIAN. Quarterly Results Q1 FY 2012
THE BANKER TO EVERY INDIAN Quarterly Results Q1 FY 2012 1 Rs. In Crores NII growth drives Profitability Parameter Q1 FY 11 Q4 FY 11 Q1 FY 12 YOY Growth % Interest Income 18452 21721 24197 31.14 Interest
More informationPerformance review 9M-FY2019. January 14, 2019
Performance review 9M-FY2019 January 14, 2019 Natural beneficiary of transforming savings environment Leading equity broker in India 1 powered by ICICIdirect Strong online presence aided by pan India distribution
More informationRBI Monetary Policy Review RBI Keeps Repo Rate on Hold at 6%, Inflation Forecast Increased. 06 December, 2017
RBI Monetary Policy Review RBI Keeps Repo Rate on Hold at 6%, Inflation Forecast Increased 06 December, 2017 RBI Keeps Repo Rate on Hold at 6%, Inflation Forecast Increased The six-member Monetary Policy
More informationINDEX. Trustee Report Independent Auditor s Report Balanced Sheet Revenue Account 37-48
INDEX Particulars Page No. Trustee Report 3-30 Independent Auditor s Report 31-32 Balanced Sheet 33-36 Revenue Account 37-48 Schedules to the Financial Statements 49-104 Cash Flow Statement 105-116 Annexure(s)
More informationWholesale Debt Market Segment 5
Wholesale Debt Market Segment 5 64 Wholesale Debt Market Segment 5 The Exchange started its trading operations in June 1994 by enabling the Wholesale Debt Market (WDM) segment of the Exchange. This segment
More informationIndian Association of Alternative Investment Funds (IAAIF)
Indian Association of Alternative Investment Funds (IAAIF) Alternative Investment Funds Marketing, Fund raising & Investor Relations Segmenting AIFs Understanding AIFs Benchmarking to closest peer: Mutual
More informationCONTENTS Industry & Fund Update New Fund Offers Performance of Equity Funds Performance of Balanced Funds Performance of Debt Funds
CONTENTS Industry & Fund Update 1 New Fund Offers 2 Performance of Equity Funds 3 Performance of Balanced Funds 4 Performance of Debt Funds 5 Performance of Fund Of Funds 6 11th September, 2017 INDUSTRY
More informationTaurus Ultra Short Term Bond Fund
1 Taurus Ultra Short Term Bond Fund Outlook & Strategy Name Of Scheme Taurus Ultra Short Term Bond Fund An open end debt scheme. This Product is suitable for investors who are seeking* Short term capital
More informationMutual Fund Monthly Newsletter
Mutual Fund Monthly Newsletter Aug, 2016 Put not your trust in money, But put your money in trust. - Oliver Wendell Holmes 1 MUTUAL FUND INDUSTRY SYNOPSIS Equity MF assets base at record high of Rs 4.5
More informationRETIREMENT PLANNING - MR. XYZ
RETIREMENT PLANNING - MR. XYZ Client Name - Mr. XYZ Age: 60 years Risk Profile - Balanced Date: 14/04/2014 Summary This financial plan is prepared on the basis of the investor profile form and your risk
More informationChapter 5. Conclusions, Findings and Suggestions
Chapter 5 Conclusions, Findings and Suggestions 5.1 Introduction 5.2 Findings 5.3 Suggestions 5.4 Scope for Further Research 5.1 Introduction This chapter brings out major findings including problems and
More informationSEBI Board Meeting. The SEBI Board met in New Delhi today and inter-alia took the following important decisions:
PR No. 12/2014 SEBI Board Meeting The SEBI Board met in New Delhi today and inter-alia took the following important decisions: I. Review of Corporate Governance norms in India for listed companies The
More informationKotak Annual Global Investor Conference 2011 Chasing Growth. Mr. Bipin Kabra February 11, 2011
Kotak Annual Global Investor Conference 2011 Chasing Growth Mr. Bipin Kabra February 11, 2011 Agenda 1 Macro update 2 Dhanlaxmi Bank - An overview 3 A Bank in Transformation 4 Financials - How the Numbers
More informationWelcome to Analysts Meet
PERFORMANCE HIGHLIGHTS For the Quarter Ended 30 th JUNE, 2013 Welcome to Analysts Meet 31 st July- 2013 Mumbai INDEX Sl. No. Slide Details Slide No. 1 Financial Highlights 4 2 Earnings Cross Section 5
More informationSEBI Board Meeting. The SEBI Board met in Mumbai today and took the following decisions:
SEBI Board Meeting PR No.20/2018 The SEBI Board met in Mumbai today and took the following decisions: I. Review of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 The Board has
More informationFinancial Sector Reforms
Reforms Mantra: Inclusion Growth Stability Financial Sector Reforms the way forward Team A: CA. Abhishek Mistry CA. Gagan Choudhary CA. Gagan Kothari CA. Rima Shah Topic: Regulatory Architecture Capital
More informationRecent Trends and Growth of Mutual Fund Industry in India
IJA MH International Journal on Arts, Management and Humanities 3(2): 36-41(2014) Recent Trends and Growth of Mutual Fund Industry in India Naveen Sharma Research Scholar, Shimla, (Himachal Pradesh), INDIA
More informationCommon Scheme Information Document Debt Schemes
Common Scheme Information Document Debt Schemes Birla Sun Life Dynamic Bond Fund (An Open ended Income Scheme) Birla Sun Life Floating Rate Fund (An Open ended Income Scheme) Birla Sun Life Short Term
More informationRegular income for short term Investment in Government securities
Asset Management Company: SBI Funds Management Pvt. Ltd. (A Joint Venture between State Bank of India & AMUNDI) KEY INFORMATION MEMORANDUM Product Labelling This product is suitable for investors who are
More informationYou work hard to earn money. Invest it wisely
You work hard to earn money. Invest it wisely DATE OF ALLOTMENT September 03,2003 BENCHMARK I-Sec Composite Index FUND SIZE Rs.1141.39 (Rs. in Cr.) MONTHLY AVERAGE AUM Rs.1142.50 (Rs. in Cr.) EXIT LOAD
More informationYou work hard to earn money. Invest it wisely
You work hard to earn money. Invest it wisely DATE OF ALLOTMENT September 03,2003 BENCHMARK I-Sec Composite Index FUND SIZE Rs.1136.26 (Rs. in Cr.) MONTHLY AVERAGE AUM Rs.1140.43 (Rs. in Cr.) EXIT LOAD
More informationNo one asset class perform at all times
1 No one asset class perform at all times 60 50 Bond years Equity years Gold years 40 30 20 10 0-10 -20 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 Equity Bonds Gold Triple Asset 2
More informationOverview of retirement adequacy and impact of NPS
Overview of retirement adequacy and impact of NPS Anuradha Sriram 21 August 2015 Retirement adequacy - What is the issue? 2 We are a country of high savers Average annual savings as a percentage of income
More informationReliance Nippon Life Asset Management Ltd.
IPO Note: Reliance Nippon Life Asset Management Ltd. Industry: BFSI Recommendation: Subscribe Date: October 23, 2017 Issue Snapshot Company Name Reliance Nippon Life Asset Management Ltd. Issue Opens October
More informationFinancial Framework in India
Financial Framework in India For Finance related courses and CSE Main Optional Paper on Finance 10x10 Learning TM 1 10x10 Learning TM 2 Laws applicable to the Financial Sector : Act = 15. Rules = 10. Regulations
More informationWholesale Debt Market Segment 5
Wholesale Debt Market Segment 5 60 Wholesale Debt Market Segment 5 The Exchange started its trading operations in June 1994 by enabling the Wholesale Debt Market (WDM) segment of the Exchange. This segment
More informationDebt Perspective. May 2018
Debt Perspective May 2018 Debt Markets - Review Bond Market Overview Government bond yields rose in April. The 10-year government bond yield rose 47bps during the month, to end at 7.77%. Bond markets traded
More informationSYSTEMATIC INVESTMENT PLAN (SIP) October 2017
SYSTEMATIC INVESTMENT PLAN (SIP) October 2017 DID YOU KNOW? If you currently have monthly expenses of Rs. 30,000, then after 5 years you will require close to Rs.40,000 per month to maintain the same lifestyle!
More informationGROWTH OF RESOURCE MOBILISATION BY INDIAN MUTUAL FUND INDUSTRY: AN EMPIRICALANALYSIS
Volume 118 No. 18 2018, 4357-4371 ISSN: 1311-8080 (printed version); ISSN: 1314-3395 (on-line version) url: http://www.ijpam.eu ijpam.eu GROWTH OF RESOURCE MOBILISATION BY INDIAN MUTUAL FUND INDUSTRY:
More informationCANARA ROBECO MEDIUM TERM OPPORTUNITIES FUND FEBRUARY 2018
CANARA ROBECO MEDIUM TERM OPPORTUNITIES FUND FEBRUARY 2018 This product is suitable for investors who are seeking* Income/Capital appreciation over medium to long-term Investment in Debt and Money Market
More information