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PortfolioMagtPPT.ppt
PortfolioMagtPPT.ppt
PortfolioMagtPPT.ppt
PortfolioMagtPPT.ppt
PortfolioMagtPPT.ppt
PortfolioMagtPPT.ppt
PortfolioMagtPPT.ppt
PortfolioMagtPPT.ppt
PortfolioMagtPPT.ppt
PortfolioMagtPPT.ppt
PortfolioMagtPPT.ppt
PortfolioMagtPPT.ppt
PortfolioMagtPPT.ppt
PortfolioMagtPPT.ppt
PortfolioMagtPPT.ppt
PortfolioMagtPPT.ppt
PortfolioMagtPPT.ppt
PortfolioMagtPPT.ppt
PortfolioMagtPPT.ppt
PortfolioMagtPPT.ppt
PortfolioMagtPPT.ppt
PortfolioMagtPPT.ppt
PortfolioMagtPPT.ppt
PortfolioMagtPPT.ppt
PortfolioMagtPPT.ppt
PortfolioMagtPPT.ppt
PortfolioMagtPPT.ppt
PortfolioMagtPPT.ppt
PortfolioMagtPPT.ppt
PortfolioMagtPPT.ppt
PortfolioMagtPPT.ppt
PortfolioMagtPPT.ppt
PortfolioMagtPPT.ppt
PortfolioMagtPPT.ppt
PortfolioMagtPPT.ppt
PortfolioMagtPPT.ppt
PortfolioMagtPPT.ppt
PortfolioMagtPPT.ppt
PortfolioMagtPPT.ppt
PortfolioMagtPPT.ppt
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  • During February, 2008, the bank rate was 6% that remained unaltered, when compared with the same period previous year despite constant increase in the repo and reverse repo rates by RBI.
  • Forex reserves during the month of Jan 2008 had increased to US$292794 million, up from US$274881 million during the previous month. The rise in the value of gold reserves also caused the accretion to the reserves. Even the healthy rise in exports has contributed to this rise in Foreign exchange reserves in the country. The strengthening of the euro, the British pound and the yen against the dollar also partially contributed to the rise in the reserves.
  • The Indian economy will experience a good perspective, owing to the recovery in agriculture, coupled with the sustained momentum of growth in industry and services. There is a gathering confidence that the economy is possibly poised on the threshold of a structural step up in the growth trajectory. Major contributor to GDP growth has again repeated the history, as the major contribution comes from service sector followed by manufacturing and the balance from agriculture.
  • The market capitalization of securities witnessed an increase of 33.08% from Rs.365036.80 million in April 2007 to Rs.485812.20 Millions in March 2008.
  • For the year 2007, they were 4796 Listed companies available for trading on Indian Stock Exchange. India ranks second in terms of number of companies available for trading.
  • The month of December 2007 has shown both negative & positive returns for different countries across the world. S&P CNX Nifty (India) has shown the maximum positive return of 6.52% with a volatility of 1.67%.
  • According to the report released by UNCTAD in 2007, India is preferred as – FDIs second most favourite destination for investments for the year 2007 -09.
  • The daily turnover on the NSE has witnessed a tremendous growth in past 6 years. The major increase is from the year 2006-07 to 2007-08, where the daily turnover has almost doubled from 781.20 million rupees to 1414.80 million rupees with market capitalisation marking a growth of 33.08 % over the same period.
  • The Derivative segment of the NSE has recorded a jump of 50% in its daily turnover from 3081.43 million rupees to 4562.30 million rupees in last year.
  • Transcript

    • 1. Welcome to a presentation on Portfolio Management Services
    • 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. India Vs Global Economy Source: IMF World Economic Outlook April 2008 Indian Economy
    • 4. Interest Rate Indian Economy Source: ministry of Finance, India
    • 5. Stable Foreign Exchange Reserve Indian Economy Source: Reserve Bank of India
    • 6. Indian Rupees Vs World Currency Source: Reserve Bank of India Indian Economy
    • 7. Inflation Indian Economy
    • 8. Monthly FDI Inflows for the year 2007 (January to August 2007) Indian Economy
    • 9. FDI Inward Source: Investment Report 2006, United Nation Centre for Trade & Development (UNCTAD); Financial Express Dt 17 th October 2006 (In bn US$) (In bn US$) Indian Economy 710 916 Total 41 40 Others 274 334 Developing Nation 395 542 Developed Nation 2004 2005 FDI Inward 6.59 India 43.63 Netherlands 63.57 France 72.40 China 99.44 United States 164.53 United Kingdom 2005 Countries
    • 10. FDI - Outward (In bn US$) Source: Investment Report 2006, United Nations Centre for Trade Development (UNCTAD); Financial Express dt 17 th October 2006 Indian Economy
    • 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. Mutual Funds V/s FIIs Capital Markets                                                                                                                                     Source: Business Line
    • 14. Top Stock Holdings by MFs and FIIs Source: Business Line
    • 15. Market Capitalisation Capital Markets Source: NSE news bulletin (March 2008) 4,858,122 Mar-08 5,419,942 Feb-08 5,295,387 Jan-08 6,543,272 Dec-07 5,876,742 Nov-07 5,722,227 Oct-07 4,886,561 Sep-07 4,296,994 Aug-07 4,317,571 Jul-07 3,978,381 Jun-07 3,898,078 May-07 3,650,368 Apr-07 Market Capitalisation (Rs.cr)* Month/Year
    • 16. No of listed companies Capital Markets Source: S&P Global Stock Market Fact book, 2007
    • 17. Indian indices Vs World Indices Source: NSE news bulletin (December 2007) Capital Markets
    • 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. Business Growth of Capital Market Segments Capital Markets Source: NSE news bulletin (March 2008) 636,861 2,078 513,167 278,408 890 2001-02 537,133 2,462 617,989 364,065 788 2002-03 1,120,976 4,328 1,09,535 713,301 787 2003-04 1,585,585 4,506 1,140,071 797,684 839 2004-05 2,813,201 6,253 1,569,556 844,486 929 2005-06 3,367,350 7,812 1,945,285 855,456 1,084 2006-07 4,858,122 14,148 3,551,038 1,498,469 1,236 2007-08 Market Capitalisation (Rs.cr)* Average Daily Turnover (Rs.cr) Turnover (Rs.cr) Traded Quantity (lakh) No. of co.s available for trading* Month/Year
    • 20. Business Growth of Futures & Options Market Capital Markets Source: NSE news bulletin (March 08 ) 30814.33 616286.57 17049.77 97149.56 296629.25 205458.00 Apr-07 34449.66 723442.83 23357.81 85465.42 400096.14 214523.45 May-07 38406.77 806542.13 21927.59 92503.32 451314.30 240796.92 Jun-07 46139.84 1015076.49 34582.28 94561.19 647356.09 238577.03 Jul-07 48033.24 1056731.25 32398.36 140960.78 519384.60 363987.55 Aug-07 53644.44 1072888.76 37485.17 107964.80 670968.47 256470.34 Sep-07 83348.32 1833662.96 54327.99 173992.48 1120263.25 485079.24 Oct-07 68968.39 1517304.48 45676.22 116951.58 989112.61 365564.04 Nov-07 67064.74 1274230.06 33710.77 103165.41 849996.83 287357.02 Dec-07 63212.21 1453880.84f 33183.34 118827.22 851213.22 450657.09 Jan-08 42819.85 899216.90 14901.05 110251.39 421838.10 352226.38 Feb-08 45623.03 821214.48 10536.20 120317.73 330390.37 359970.21 Mar-08 Total Turnover (Rs. cr.) (Stock Options) Turnover (Rs. cr.) (Index Options) Turnover (Rs. cr.) (Stock Futures) Turnover (Rs. cr.) (Index Futures) Turnover (Rs. cr.) Average Daily Turnover (Rs. cr.)           Month / Year
    • 21. Banking Regulations
      • Capital and Gains are freely repatriable.
      • No lock in period.
      Regulations
    • 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. Overview
      • 1) Munoth Financial Services Limited (MFSL) was incorporated on
      • 1 st November 1990.
      • 2) MFSL is a widely held listed company.
      • 3) Financial Performance
      About Us (Figures : In Indian Rupees Million) 88.94 82.93 85.14 92.62 94.28 Net worth 27.7 31.32 33.53 41.01 42.67 Reserves & Surplus 52.26 52.26 51.35 51.35 51.35 Paid up Capital 0.13 3.62 2.21 7.48 1.66 Operating Income After Tax 0.08 1.33 1.07 3.56 1.72 Provision for Taxation 0.22 4.96 3.28 11.04 3.38 Operation Income Before Tax 1.64 1.19 0.96 0.84 1.14 Non-Cash Charges 1.86 6.15 4.25 11.88 4.52 Gross Profit 14.11 19.92 13.6 23.49 19.76 Total Income 2002-03 2003-04 2004-05 2005-06 2006-07 Particulars
    • 26. Capital Market Activities include
      • - Merchant Banker
      • - Stock Broker
      • - Depository Participant
      • - Portfolio Management Service Provider
      • - Share Transfer Agent
      About Us
    • 27. Merchant Banker since 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 Broker Since 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 Participant since 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 Services Since 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 the risk 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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