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  2. 2. IntroductiontoBonanzaGroup IntroductiontoPragmaticWealthManagementPvt.Ltd. PortfolioManagementServices(PMS) BonanzaPragmaticShariahFund(BPS-Fund) Bonanza a leading Financial Services and Broking House working diligently since 1994 can be described in a single word as a "Financial Powerhouse" with acknowledged industry leadership in execution and clearing services on Exchange Trade Derivatives and cash market products. Bonanza has spread its trustworthy tentacles all over the countrywithmorethan1632outletsspreadacross535cities. Itprovidesanextensivesmorgasboardofservicesinequity,commodity, currency derivative, Wealth management, Distribution of third party productsetcs. Keeping in par with the modern tech-savvy world, Bonanza makes an integrated and innovative use of technology; it also enable its clients to invest online as well as offline. Strategic tie-ups with latest technology partners has earned Bonanza membership of various principal stock and Commodity Exchanges making Bonanza stand apart from its competitors and a preferred services provider in the industry for valuebasedservices. Bonanza's Journey through the years has been very eventful in nature. We have not only been ranked as the 4th largest broking firm in India* but also have been nominated 3r by UTI MF and CNBC TV 18 Financial Awards2010intheBestFinancialAdvisor-Retailcategory. Pragmatic Wealth Management (PWM), is one of the pioneers in Shariah Financial Services equipped with strong capital market experts having technical expertiseas well.It is headed by Dr. M.Y. Khan as a Non- Executive Chairman along with governing board with Mr. Imtiaz Merchant as a Managing Director. PWM specializes in Shariah wealth Management Advisory & Research with clear focus on Shariah CompliantorIslamicInvestments. Bonanza Portfolio Limited is registered with SEBI as a provider of Portfolio Management Services and our team of portfolio managers design portfolio to suit every client’s needs. We suggest appropriate products to the clients based on factors like their investment spheres, returnexpectationsandrisktolerance. We have observed that the Indian equity market offers incredible
  3. 3. avenue for Shariah compliant investments. At present, it offers the best alternative, perhaps the only alternative to the Indian Muslim investors (Rabbul - Mal) who would like to invest their savings in Shariah manner rather than depositing their savings in the bank. The Indian equity market, with its enormous potential for growth, can compete favorably with global portfolio managers and attract high net worth individual investors. In view of this, we decided to launch a Shariah Fund as “Bonanza-Pragmatic Shariah Fund” (BPS – Fund) as a joint initiative of Bonanza Portfolio Ltd (BPL) and Pragmatic Wealth Management P. Ltd. (PWM). Nameofthefund,Bonanza-PragmaticShariahFund The objective of the strategy is to secure long term gains from the investments in the combination of large and mid size companies which are Shariah compliant. It excludes investments in the industries like Banking, Liquor, Tobacco, Entertainment, NBFCs and Securities trading businessetc. Imtiaz Merchant `25lacs Shariah PMS will invest in the following sectors: Automobiles, Consumer Goods & Services, Construction & Reality, Capital Goods & Industrials, Healthcare, Information Technology, Metal & Mines, Oil & Gas,Power&Utility. Shariah Certificate to The PMS Fund will be issued by a Shariah Board “Islamic Investment & Finance Board (IIFB)” based on the report submitted by Pragmatic Wealth Management P. Ltd. IIFB comprises reputed and learned Islamic scholars. The Shariah Board will also conduct a periodic review of all the portfolios of individual clients and willissuetheShariahCertificates. The stocks invested in equity will be selected from Shariah compliant companiescomprisingLarge,Midandsmallsizecompanies.Themarket capitalization of these Shariah complaint companies is well over 55 % of market capitalization of the NSE and BSE. The fund will be investing in FundObjective: FundAdvisors: MinimumInvestment: Sectors: ShariahCertification: StockSelection:
  4. 4. Islamically permissible stocks with minimum market capitalization of 1000crores. The Shariah PMS will benchmark against Sensex, Nifty, S&P Shariah index. Shariah Laws aim to set ethical standard to promote welfare and protection of investors there for Shariah has prohibited investment in theindustrymanufacturingwine,pork,tobaccoanditsrelatedproducts etc and services sectors like Interest based banks, NBFC, Insurance, entertainment, cinema, music etc. we all know that everyone of us is interestedtohavehealthy,cleanandtransparentlifethatiswhyShariah fundareforyourservices. Looking into the need to invest in equity markets, Shariah scholars have imposed certain restriction and stipulated conditions if these are met thenonecaninvestinequitymarketsthepermissible(Halal)way Investment is done in Shariah compliant stocks. Securities trading in derivatives and intraday trading in stocks are strictly not permitted. Short selling is completely prohibited.Stockswillbesolduponhavingitscompletepossession. Investment shall not be done in stocks of the companies whose business activity is prohibited like the Conventional interest based banks, NBFC, Insurance companies, securities trading companies, Entertainment includes film production companies, cinema, Cable TV, music etc. Alcoholic beverages like wine and liquor, tobacco and its related products, Pork and non- Halal food productscompanies. a)Interest bearing debt of the companies should not exceed 33 percent ofitstwelvemonthsaveragemarketcapitalization. b)Cash plus interest bearing securities of the companies should not exceed33percentofitstwelvemonthsaveragemarketcapitalization. c)Trade receivable and other deb tors of the companies should not exceed33percentofitstwelvemonthsaveragemarketcapitalization. d)Interest Income plus any impure income of the companies to its company's totalincomeshouldnotexceed5percent. The profit thus derived from Shariah PMS in needs be purified (purged) and given as charity. (We provide this value added toourclient) PerformanceBenchMark: WHATISSHARIAHCOMPLAINTINVESTMENT? 1) Restriction Based on the Type of Securities: 2)Restriction on Business Activity: 3)RestrictionBasedonFinancialratios: 4)Purification of Impure Income:
  5. 5. SCOPEFORISLAMICINVESTMENTS ImtiazMerchant–FundManager With sound economic base and with hundreds of companies complying with Shariah norms, India offers a huge opportunity for Islamic equity investment. If performance as a parameter is considered, it is observed that Shariah complaint investment being low in debt and having sound fundamental principles tend to perform better, hence large non- muslim investors should take the benefit of this socially responsible and above par performing Islamic investments, moreover India, being world's largest democracy, young population, high quality entrepreneurs, vigilant & vibrant regulators gives a clear advantage. India is not only one of the fastest growing economies in the worldthatoffersanexcellentinvestmentopportunityonamassivescale. Mr. Imtiaz Merchant, is a Commerce Graduate from Mumbai University, and holds a PG diploma in Marketing Management. He is the Fund Manager for Bonanza –Pragmatic Shariah Fund. He has significant expertise in Fundamental as well as Technical analysis with more than 12 years of experienceofequitymarkets. He is well-versed with the Islamic Finance Market and the Shariah Compliance norms for investments. He has put in years of extensive effort into understanding the principles of Islamic Finance and has been in constant discussions with and Islamic Finance scholars and experts. He has successfully created Islamic index namely Islami Tijara Equity index (ITE index). In all he has constructed 14 Shariah indices and they are backtracked since 2006. Having in-depth knowledge on the subject of Shariah Investment he has a privilege to create ShariahCompliantStockUniverse. Mr. Merchant's major endeavor is to continue to develop and market the Islamic investment products that help Shariah Compliant investors who deservetoinvesttheirsavingsethically,efficientlyandprofitably. Itisimpossibletoproduceasuperiorperformance,unlessyoudosomething differentfromthemajority.
  6. 6. Plot No. M-2, Cama Industrial Estate, Walbhat Road, Behind The Hub, Goregaon (E), Mumbai - 63. Tel: +91-22-67605 500/600 Toll Free: 1800220252, 022-39704040 E-mail: contact@bonanzaonline.com www.bonanzaonline.com 102, First Floor, Topaz Society, Dr. Nair Road, Agripada, Mumbai Central (E) Mumbai 400011 Tel.: +91-22-23001290 / 23007290 E-mail: contact@islamitijara.com www.islamitijara.com