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Portfolio management serivces


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Portfolio management serivces

  1. 1. Portfolio ManagementServicesPresented by :- Mr. Vishal A. Narvekar
  2. 2. Agenda Introduction Types of PMS How to invest in an PMS account How to open an PMS account Portfolio Management Services Charges & fées PMS Company:-Motilal Oswal Financial Services Management Schemes and plans Balance sheet Corporate governance Ratio Conclusion
  3. 3. MeaningPortfolio Management Services account is aninvestment portfolio in Stocks, Debt andfixed income products managed by aprofessional money manager, that canpotentially be tailored to meet specificinvestment objectives.
  4. 4. IntroductionIn simple words, a portfolio managementservice provides professional managementof your investments to create wealth.Portfolio Management Service is a tailormade professional service offered to caterthe investments objective of differentinvestor classes.The clients can be Individuals orInstitutions entities with high net worth.
  5. 5.  Clients have the freedom to tailor portfolio to addresspersonal preferences and financial goals Portfolio managers may oversee hundreds ofportfolios As per SEBI guidelines, only those entities who areregistered with SEBI for providing PMS services canoffer PMS to clients No separate certification required for selling any PMSproduct As per the SEBI guidelines, the minimum investmentrequired to open a PMS account is Rs. 5 lacs However, different providers have different minimumbalance requirements for different products
  6. 6. Types of PMS Discretionary PMS –Where the investment is at discretion of the fundmanager & client has no intervention in theinvestment process. Non-Discretionary PMS –Under this service, the portfolio manager onlysuggests the investment ideas. The choice as wellas the timings of the investment decisions restsolely with the investor. However the execution ofthe trade is done by the portfolio manager.
  7. 7. How to invest in an PMS accountThere are two ways to invest in PMS :-• Through Cheque payment• Through transferring existing shares held by thecustomer to the PMS account.
  8. 8. How to open an PMS account Customer will need sign a few documents like–• PMS agreement with the provider,• Power of attorney agreement,• New DEMAT account opening format Documents to be provided-• Pan,• Address proof ,• Identity proofs are mandatory
  9. 9. PMS for NRI’s NRIs can invest in a PMS NRI can invest through Non-Resident External(NRE) account or Non-Resident Ordinary (NRO)account The documentation required for an NRI• A passport copy,• The visa or residence permit of the NRI,• A set of 2 photographs A checklist of documents is provided by each PMSprovider
  10. 10. Portfolio Management ServicesCharges & fées Service fee:-• Entry Load• Management Charges• Profit Sharing Other charges• Custodian Fee• DEMAT Account opening charges• Audit charges• Transaction brokerage
  11. 11. PMS companyMotilal Oswal Financial Services
  12. 12. Introduction Motilal Oswal Securities Ltd. (MOSL) was founded in1987 as a small sub-broking unit Now it is India’s leading PMS Service Providers, withAssets under Management of over Rs.1300 crores Motilal Oswal PMS has one of the largest activeaccounts (more than 5,000) on PMS Platform as on31st May 2012 Motilal Oswal PMS has active clients in 138 differentcities Motilal Oswal has 1500 plus employees
  13. 13. ManagementMotilal OswalChairman and ManagingDirectorRaamdeo AgrawalJoint ManagingDirectorNitin RakeshCEO, Asset ManagementBusinessSrikanth IyengarCEO, Principal Strategies GroupRajat RajgarhiaHead, ResearchAjay Kumar MenonChief Operating Officer
  14. 14. Sameer KamathChief FinancialOfficerHarsh JoshiHead, Corporate Affairs &Whole-time Director (MOSL)Sudhir DharHead, HR &AdministrationRamnik ChhabraHead, Marketing
  15. 15. Schemes and plansValue StrategyNext Trillion Dollar Opportunity StrategyInvest India StrategyBull`s Eye StrategyFocused 4 – A Flexi Cap StrategyFocused 5- A Contra Strategy
  16. 16. Corporate governanceMotilal Oswal Financial Services ensuresgood corporate governance through :-• Board of director• Committees of the board• External auditors
  17. 17. Board of directorComposition Board of Directors : The Board currently consists of 6 memberswith 50% composition of IndependentDirectorsIndependent directors plays important role ofgoverning & controlling other board of directors
  18. 18. Independent DirectorsBalkumar AgarwalMr Agarwal a is retired IAS officer (1967 batch).He has served as Additional Chief Secretary, Secretary(Housing), Secretary (Transport), Secretary (Industries) tothe Government of Maharashtra.
  19. 19. Praveen TripathiMr Tripathi is the CEO of Magic9 Media & ConsumerKnowledge Pvt Ltd.He is the Chairman of the National Consumer ClassificationSystem Committee and has also worked with Pidilite, HansaConsulting, Zenithmedia, Starcom/Leo Burnett etc.
  20. 20. Vivek ParanjpeMr Paranjpe is a consultant in HR & strategic managementwith companies like Reliance Industries, Blackstone etc.He was the Director, HR Operations at HP Singapore, andhas worked with Hotel Corp, Johnson & Johnson,Hindustan Lever etc
  21. 21. Board meetings Number of Board MeetingsThe Board of Directors met four times duringthe year ended 31st March, 2012, on 30th April,2011, 22nd July, 2011, 17th October, 2011 and16th January, 2012.The maximum gap between any two meetingsshould not more than four months
  22. 22. External auditorsExternal auditors play a role in providing anindependent assessment of MOFS’sfinancial positionAuditors’ to Motilal Oswal FinancialServices• M/s. Haribhakti & Co.
  23. 23. Establishment of committees In order to insure good corporate governanceMotilal Oswal Financial Services has six majorBoard level Committees :-• Audit Committee• Shareholders / Investors Grievance Committee• Remuneration / Compensation Committee• Nomination Committee• Risk Management Committee
  24. 24. Balance sheetParticular As at 31-Mar-12(Rs in Millions)As at 31-Mar-11(Rs in Millions)I. EQUITYAND LIABILITIESShareholders’ FundsShare Capital 145.12 144.42Reserves and Surplus 5,439.32 4,981.335,584.44 5,125.75Non-Current LiabilitiesDeferred Tax Liabilities (Net) 34.76 23.04Long-term Provision 1.66 0.8936.42 23.93Current LiabilitiesOther Current Liabilities 510.10 84.44Short-term Provision 146.99 276.17657.09 360.61TOTAL 6,277.95 5,510.29
  25. 25. Particular As at 31-Mar-12(Rs in Millions)As at 31-Mar-11(Rs in Millions)II. ASSETSNon-Current AssetsFixed AssetsTangible Assets 1,633.07 168.10Capital Work-in-Progress --- 1,204.86Non Current Investments 987.02 832.63Long-term Loans and Advances 138.05 126.782,758.14 2,332.36Current AssetsInventories --- 2.88Cash and bank balances 11.60 16.08Short-term Loans & Advances 3,454.73 3,158.75Other Current Assets 53.47 0.213,519.81 3,177.93TOTAL 6,277.95 5,510.29
  26. 26. RatioParticular ValueFace Value (Rs) 1Price of the share (Rs) 120.00Return On CapitalEmployed(%)12.01Dividend Payout Ratio(%) 34.96Earnings Per Share(RS) 3.88P/E Ratio(no of times) 44.07Dividend Yield (%) 1.23
  27. 27. Current Ratio 5.17Long Term Debt Equity Ratio ---Debt Equity Ratio ---Operating Profit Margin(%) 70.05Gross Profit Margin(%) 68.05Net Profit Margin(%) 68.69Debtors Turnover Ratio(no oftimes)---Financial Charges CoverageRatio(%)75.85
  28. 28. Conclusion
  29. 29. WebliographyWebsite Linkmoney control .com