Monarch Networth Capital Limited (MNCL) is one of the leading financial services companies in India. With over 25 years of experience in capital markets, MNCL’s clear focus is to create value for its stakeholders For more info visit https://www.mnclgroup.com

1. CREATING VALUE FOR YOUR
INVESTMENTS

2. WHO ARE WE?
Monarch Networth Capital Limited (MNCL) is one of the leading financial services companies in India. With over 25 years of experience
in capital markets, MNCL’s clear focus is to create value for its stakeholders
MNCL STRENGTH
Headquartered in Ahmedabad, Gujarat
Employee base of 400+
Retail client base of 2.6+ lakh
60+ branches
450+ business partners*
*Business partners refers to sub-brokers/Authorized Persons
Retail Broking
(Equities, Commodities & Currencies)
Global Access
Institutional Equities
Fund Management
Investment Banking
Wealth & Distribution

3. ATESTAMENTTOOURVALUECREATION
“Creating value for customers is our
credo and motto and is based on the
pillar of in-depth research”
We promote a culture of entrepreneurship among all our employees
Through our Institutional Equities business, we have created a strong connect
with 150+ corporates and several asset managers/investment houses
Outcome of our ability to add value through differentiated work
Our recent accolades: Awarded as Top Performer in OFS segment by BSE for
FY19-20
50%+ increase in Active
Retail Clients in last 1 year
Multiple success stories across
our Institutional Equities business
Top-quartile performance
by our Maiden Fund - AIF
15%+ returns1, since inception on our niche
Option Strategy that focuses on margin of safety

4. WHAT MAKES US UNIQUE?
MNCL acts as a bridge for all capital
market needs, throughout a corporate
business’ journey
360° value addition is our goal, not a
transactional relationship
Multi-year engagements built through
trust and delivery of value-creation
GROWTH FOCUS
Creating client delight across retail,
institutional and corporate is our
foundational goal
Division heads empowered to add value to
clients
Professionally managed with regular
guidance from promoters
ENTREPRENEURSHIP
We mainly cover unique ideas with a
deep-dive study
We recommend based on safety margin
and strong return potential
Fund management a long-term strategy
with primacy on corporate governance
Niche Option Strategy proposition
focuses on margin of safety, while
delivering double digit returns
through consistent value-addition in employees across all verticals for all our capital market activities
RELIANCE ON RESEARCH

5. MAJOR ACCOMPLISHMENTS
50%+ increase in active client
base, in the past one year
90%+ increase in digital
transactions in past one year
Retail
Business
Expanding our reach
1
Wealth products across asset
classes catering to diverse set of
clients
Option Strategy, a low-risk
derivatives-hedged product,
with no negative return month
till date
Wealth & Third Party
Distribution
Diversifying clients’ wealth
2
Collaborative effort with
corporates throughout their
business life-cycle
Bridging gaps between the
Intrinsic Value of businesses
vs. prevailing market value
In-depth research on stocks
along with our bottom-up
approach makes investors tag
us for reliability
Institutional
Equities
Marrying businesses
3

6. MAJOR ACCOMPLISHMENTS
Sole banker to Alembic Pharmas’
INR 750 cr QIP
Advisor to KEI Industries’
INR 500 cr QIP
Advisor to Adani Total Gas’ SAS
transaction of INR 5,152 cr
Sole Banker to Adani Green Energy
OFS of INR 778 cr (in two tranches)
Investment
Banking
We are trusted partners
4
Top quartile among best
performing AIFs
Stellar fund performance against
Nifty within same period
Strong testament to our talent
and processes
Monarch
AIF
Our maiden fund
5

7. OUR BUSINESSES
Retail Broking
(Equities, Commodities & Currencies)
Global Access
Institutional Equities
Fund Management
Investment Banking
Wealth & Distribution

8. RETAIL
BROKING

9. WHY CHOOSE US?
Digital onboarding via e-KYC
Wide array of products across asset
classes
Superior investing experience via DIY
platforms across Web, App & EXE
Strong in-house research capabilities
Client centric approach with a clear
focus to create value for all stakeholders
Awarded Best Regional Retail Broker by
NSE in 2018
OUR OFFERINGS
Equities & Derivatives Trading
Digital Account Opening
ETF, OFS, FFO, SGB etc.
Commodity Trading
Currency Futures
Research
E-IPO
RETAIL
BROKING

10. GLOBAL ACCESS
Invest in US Markets with ease

11. Overview
MNCL Global Access offers an advanced platform to invest in US
Markets
Global Access not only allows investors to diversify their
portfolio but also provides them opportunity to leverage a
highly-evolved US market by investing in popular global brands
& businesses that offer superior growth opportunities
With Global Access, investors can invest in some high growth
companies2 like Netflix, Facebook, Apple, Alphabet, Tesla etc.
KEY FEATURES:
Portfolio diversification
Access to new growth
opportunities
Enhanced performance
Create a nest-egg
WHY MNCL?
Digital onboarding
Safe & secure
Own shares, in fractions
No minimum investment
Thematic investments
via Stacks
2Company names are used for illustration purpose only

12. INSTITUTIONAL
Overview & Success Stories
EQUITIES

13. Showcasing niche and thinly covered businesses with analysts’ unique
perspectives
Strong focus on mid & small-cap stocks
Only or among few covering the companies and hence primary port-of-call
for our clients
Research team adds significant value to the covered companies’
managements through insights - building trust, fostering multi-year
relationships
Catering to diverse set of institutional clients like mutual funds, insurance,
foreign portfolio investors, private equity and wealth managers
OUR OFFERINGS
INITIATING
COVERAGE
THEMATIC
REPORTS
COMPANY
UPDATES
SECTOR
REPORTS
INVESTMENT
IDEAS
TYPE OF REPORTS
This is how we create value, for all stakeholders

14. INSTITUTIONALEQUITIES –SUCCESSSTORIES
Stock Name Why we liked the business Valuation mismatch MNCL’s value-addition
High entry barrier business
Leadership positioning of TML & lowest CoP
Great track record, great BS, superb
return ratios
Best-in-class management quality & growth capex
funded through internal accruals
Single digit valuation multiples at entry
High double-digit earnings growth
in store
First and the only broker covering it
Strong management access
Stock generated 120% returns since coverage in
10 months
Highest potential volume growth of ~6.5x on FY20, 3x
the nearest peer
Most efficient player with best-in-class opex and gas
sourcing
Only private-MNC play in CGD
At initiation, it was trading at ~20x
FY22 PER
Strong volumes led earnings growth visibility
First and the only broker covering it
Strong management access
Stock up 13x since coverage in 1 year
Highest R&D spender in India which led to robust
product pipeline
US business grew by 40% CAGR during FY15-20 when
peers were decelerating
Capex into complex generics (INR 30 bn.)
Was available at 13x PE (FY22E) vs peers at >18x
Potential for US shortages / new capex was
under-appreciated by consensus
Got right on the contrarian call on US business
Depth of coverage helped us to be the sole
managers to INR 750 cr QIP

15. INSTITUTIONALEQUITIES –SUCCESSSTORIES
Stock Name Why we liked the business Valuation mismatch MNCL’s value-addition
Largest domestic capacity of synthetic leather
Foray into PU leather manufacturing which is ~90%
imported into India
New foreign client additions like Mercedes, Volkswagen
and BMW
Was available at a low P/E valuation of ~10x
FY22E IC estimates
Greater focus on high-end auto OEMs was being
missed
In-depth research on peers especially
international ones
Strong management access
Stock up ~68% since coverage
Consistently high cash-flow generating business across
cycles
Huge investments were made for cost savings and
growth through internal accruals
Strong growth prospects ahead
Traded at single digit valuations across all
multiples
Return ratios were set to expand materially led
by new projects
First and the only broker covering it
Strong management access
Stock up ~80% within 5 months of coverage
Duopolistic nature of business with entry barriers
Superior business model, high margins
Respectable return ratios, sustainable ROE could well
be higher
Undiscovered sector
Strong revenue/earnings catalyst for re-rating
Dividend discount model to assess possible value
Comprehensive study of the business model and
comparison with its (unlisted) peer
Study on global depository models
Stock up ~117% since coverage

16. INSTITUTIONAL EQUITIES
Some Highlight Performers
Reco Date: 29-06-2019
Reco Price: INR 256
Prev Close*: INR 502
Returns: 96.2%
Nifty Returns: 32.6%
Reco Date: 18-03-2021
Reco Price: INR 266
Prev Close*: INR 566
Returns: 112.9%
Nifty Returns: 7.4%
Reco Date: 08-01-2021
Reco Price: INR 140
Prev Close*: : INR 285
Returns: 103.2%
Nifty Returns: 9.0%
Reco Date: 06-05-2020
Reco Price: INR 97
Prev Close*: INR 855
Returns: 778.3%
Nifty Returns: 68.6%
Reco Date: 06-07-2020
Reco Price: INR 492
Prev Close*: INR 1273
Returns: 158.7%
Nifty Returns: 45.2%
Reco Date: 19-10-2020
Reco Price: INR 1275
Prev Close*: INR 2064
Returns: 61.9%
Nifty Returns: 31.4%
MNCL one of few houses covering these stocks. Through research-backed analysis, most of our ideas have beaten Nifty
*As on 20th July, 2021

17. Alternative Investment Fund (AIF)
Managed by Monarch AIF Trust
FUND
MANAGEMENT

18. ALTERNATIVE INVESTMENT FUND
Performance
Fund Goal
53.3% abs. returns3 against Nifty
returns of 32.7% in the same period
Delivering high absolute returns
Investing in limited number of high
conviction stocks
Significantly higher than benchmark
index returns
Closed ended fund with differentiated strategy
Multicap focus with concentrated portfolio
positioning
Performance driven fee structure
Fund USPs

19. FUND INVESTMENT
STRATEGY
SNAPSHOT OF MONARCH AIF’s MAIDEN FUND
MNCL CAPITAL
COMPOUNDER FUND
Sponsored by MNCL and registered with SEBI
Cat 3 AIF long-only equity fund
Value added investment strategy aligned to
investors’ long-term goals
3 years term, extendable by 2 years
Focus on cash flow compounding
Leadership position in products/services
Focus on high incremental return generating
businesses
Emphasis on under-researched and under-owned
businesses
Valuations done on EV/OCF multiples and cash flow
discounting method with adequate margin of safety

20. INVESTMENT
BANKING

21. VALUE
CREATION
ENHANCING CAPITAL
MARKET VISIBILITY
Our focused approach has
helped develop strong
corporate relationships
MNCL group has 150 strong
corporate connects which
have lasted several years
Comprehensive research reports and marketing
Strong connect with leading domestic MFs,
Insurances, AIFs, PMS and PE clients
Gradual inroads into the APAC region
Key objective to follow non-transactional
approach of getting the right price for our clients
THE MONARCH STRENGTH

22. Private Equity
IPOs/FPOs
QIPs/Private Placement
Rights Issue
OUR OFFERINGS
Equity Fund Raise
Buy Back
Delisting
Open Offer
Corporate Actions
Share Valuation
Brand Valuation
ESOP Valuation
Fairness Opinion
Valuation for Tax/FEMA Provision
Valuation
Buy Side/Sell Side
Joint Venture
Strategic Deals/Tie-Ups
Cross Border (Inbound/Outbound) Deals
M&A

23. INVESTMENT BANKING TRANSACTIONS
MARQUEE TRANSACTIONS
Sole banker to Alembic Pharmas’ INR 750 cr QIP
Identify businesses at early stage of growth. Work closely with promoters / key shareholders in their journey towards wealth creation
Strong testament
to our
relationships
Advisor to Adani Total Gas’ SAS transaction of INR
5,152 cr
Sole banker to Adani Green Energy’ INR 778 cr OFS
(in two-tranches)
Advisor to KEI Industries’ INR 500 cr QIP
Osia Hypermart – 26th March’19
Bombay Super – 17th April’18
INR 120+ cr of IPO on SME platform
Identified business at early stage; INR 5 bn+ of
secondary market transactions
Initial Public Offerings (IPO)

24. WEALTH
& THIRD-PARTY
PRODUCT
DISTRIBUTION

25. Key objective is to consistently generate market
agnostic annualized returns of 14%-16%
Emphasis on risk management over
returns. Decent returns for a low-risk product
Since inception in Nov’19, has generated
positive returns with no instance of drawdown
Underwriting risk by selling options and follow
strict risk management norms
OPTION STRATEGY
15.8% cumulative annualized returns1 as on 24th June’21
Absolute Returns (%)
“Excellent returns considering low levels of risk”
Nov
19
Jan
20
Mar
20
May
20
Jul
20
Sep
20
Nov
20
Jan
21
Mar
21
May
21
0.00%
1.00%
2.00%
3.00%
2.12%
1.63%
1.54%
1.87%
2.60%
2.20%
1.49% 1.52%
0.91%
1.40%
1.53%
1.14%
1.28%
1.00%
1.02%
1.62%
1.56%
1.22%
1.50%
1.07%
Dec
19
Feb
20
Apr
20
Jun
20
Aug
20
Oct
20
Dec
20
Feb
21
Apr
21
Jun
21

26. WEALTH &
DISTRIBUTION

27. OFFERINGHOLISTICWEALTHCREATION
MNCL offers a wide array of multi-asset based financial solutions that offers investment, protection and growth
to our valued clients and help them achieve sustainable long-term wealth creation to fulfil their life goals
MUTUAL FUNDS INSURANCE
Life & Non-life
Proprietary fund evaluation helps in deploying
quantitative and qualitative parameters
Creating model portfolios to maximize risk-adjusted
returns in real time through Equity MF, Debt MF &
Debt-Equity mix
Periodic portfolio reviews to optimize returns
Building long-term corpus through SIPs to provide
benefits of compounding
Need-based insurance advisory to our clientele
Bridging gaps of uncertainties through systematic
and wide range of Life Insurance plans
Providing low-cost Health Insurance plans
Wide range of General Insurance plans, including:
Motor | Travel | Housing | Critical Illness

28. FINANCIAL PLANNING FIXED INCOME
Provide strategic financial planning to accommodate your life
milestones, at each stage, while enabling you to fulfil your
aspirations
Improving your financial portfolio with our easy-to-
comprehend, research-backed and transparent advisory
Corporate FDs
MNCL offers variety of corporate fixed deposits with varying
interest rates, tenures, credit quality and maturity
Solution-Oriented Bonds
MNCL offers wide range of bonds catering to diverse
investment needs. Investors can invest in Tax Free bonds, 54EC
bonds, NCDs or taxable bonds etc
Sovereign Gold Bonds
With MNCL, investors can invest in SGBs that offer good
returns at negligible cost and comes with a sovereign
guarantee
OFFERINGHOLISTICWEALTHCREATION

29. Looking forward to partner with you in your journey to
“VALUE CREATION”

30. Thank You
Toll Free: 1800 22 0223 Email: reachus@mnclgroup.com Website: www.mnclgroup.com
Monarch Networth Capital Limited (hereinafter MNCL)
Registered Address: Unit No. PO4-01D, 4th Floor, Tower A, WTC Gift City, Block No. 51, Road 5E, Zone – 5, Gift City, Gandhinagar – 382355, Gujarat. Website: www.mnclgroup.com | Contact Details: (T) 079-
26666500/6600500 | (E) reachus@mnclgroup.com. Registration Numbers: NSE Member ID: 06386 | BSE Member ID: 197 | SEBI Reg – INZ000008037 | MCX Member ID: 10585 | NCDEX Member ID: 00011 | AMFI Reg ARN:
8812 | Research Analyst No.: INH000000644 | PFRDA Registration Number: POP 06092018
Disclaimer: Investments in securities market are subject to market risks, read all the related documents carefully before investing. Brokerage will not exceed the SEBI prescribed limit. The securities quoted are exemplary and
are not recommendatory. Past returns are not indicative of future results. Investment in Mutual Funds are subject to market risks. Insurance is subject matter of solicitation. MNCL is a distributor of third part products like
MF, Corp FDs, Insurance (Life/Non-life), Bonds etc. 1Option Strategy related disclaimer: Return calculation has been done on average fund utilized (weighted average). Monthly return calculation is done for expiry period.
Brokerage cost is excluded from Gross Premium; however penal interest (on short in required margin_ and charges other than brokerage cost, are not excluded from realized/MTM P&L. Returns mentioned are calculated
only for the trades advised under option strategy product. Past performance doesn’t guarantee future returns; please read disclaimer and risk factors carefully on: https://bit.ly/3xRFiXZ. 3AIF related disclaimer: i) MNCL
Capital Compounder Fund (SEBI Registration no. IN/AIF3/20-21/0787) is the maiden long only Cat 3 AIF Equity Fund of Monarch AIF which in turn is sponsored by Monarch Networth Capital Ltd., ii) Fund inception date is 23rd
Oct, 2020, and AIF returns are from 23rd Oct, 2020 to 20th July, 2021, iii) Returns are net of fees and transaction costs and includes dividend income but are on pre-tax basis, iv) Nifty50 TRI returns on pre-tax basis during the
same period stood at 32.7%.
Version: V1-20/07/21