1) The document discusses the opportunity for investing in small cap companies in India.
2) Small caps have outperformed other indices like Sensex and midcaps over the last 2 years and still trade at lower valuations.
3) Examples are given of companies that started as small caps and grew to become large caps, delivering substantial returns over many years.
4) Successful small cap investing relies on careful stock selection focusing on growth potential, emerging sectors, and passionate management.
Review Reliance Index Fund - Nifty Plan granny2010
This document discusses investing in India through index funds. It notes that India's GDP is projected to reach $2 trillion within the next 5-6 years and $4 trillion within the subsequent 5-7 years, highlighting India's strong growth trajectory. It also discusses how India's large domestic market and high savings and investment rates are driving factors for sustained long-term growth. The document promotes investing in India through index funds, which track market indices like the S&P CNX Nifty, providing low-cost exposure to India's growth story.
The document summarizes Korea's economic performance and policies during the global financial crisis. It shows that Korea experienced a V-shaped recession and recovery, with GDP falling then rapidly rebounding. Exports declined sharply but have since recovered. The stock market dropped but has also bounced back, while inflation remains low and the currency stable. Going forward, Korea will focus on sustainable growth through strengthening domestic demand and the social safety net.
The document discusses competitiveness of Indian cities based on a report by the Institute for Competitiveness, India. It provides statistics on the population, GDP, and land area of major countries and shows that while India has 17% of the world's population, it only contributes 2.6% to global GDP. The document also highlights that Indian states with high economic growth rates also tend to have high levels of urbanization. It notes that enhancing the prosperity of urban India requires improving the competitiveness of cities by boosting productivity. Competitiveness depends on factors at different geographic levels from the world economy down to individual nations, states and cities.
The document provides information on the competitiveness and growth of Indian cities. It shows that:
1) Major cities like Delhi, Mumbai, Chennai, and Hyderabad are the largest contributors to India's GDP and are growing rapidly.
2) There has been a large shift from rural to urban areas in India, with the number of towns and cities increasing significantly over time.
3) A city's competitiveness depends on factors like business environment, infrastructure, human capital, and demand conditions within the city.
4) Understanding each city's strengths and weaknesses is important as strategies that work for one city may not apply elsewhere. The document ranks cities based on their overall competitiveness.
The document discusses ASEAN economic integration and related topics. It notes that ASEAN was established in 1967 and discusses goals of fostering cooperation and ensuring stability and security in Southeast Asia. It also references plans for an ASEAN Economic Community to facilitate integration among member countries and with the global economy, including creating a single market and production base. Key areas of focus are mentioned like human resource development, e-commerce, and improving physical connectivity between ASEAN countries.
The global economy is recovering, but confidence is extremely uneven across different regions, according to the OECD’s latest Economic Outlook. European governments must take greater action to ensure that the crisis in the euro area does not derail the recovery.
External risks continue to threaten the global economy but Korea’s economic growth will likely improve in the second half of 2011 and free trade agreements are poised to increase expansion substantially. Those were among the points made at the Korean Economic Forum, co-hosted by Samsung Economic Research Institute and the Korea JoongAng Daily at the Hotel Shilla on May 25. Among the many distinguished guests were ambassadors, CEOs and foreign correspondents.
Review Reliance Index Fund - Nifty Plan granny2010
This document discusses investing in India through index funds. It notes that India's GDP is projected to reach $2 trillion within the next 5-6 years and $4 trillion within the subsequent 5-7 years, highlighting India's strong growth trajectory. It also discusses how India's large domestic market and high savings and investment rates are driving factors for sustained long-term growth. The document promotes investing in India through index funds, which track market indices like the S&P CNX Nifty, providing low-cost exposure to India's growth story.
The document summarizes Korea's economic performance and policies during the global financial crisis. It shows that Korea experienced a V-shaped recession and recovery, with GDP falling then rapidly rebounding. Exports declined sharply but have since recovered. The stock market dropped but has also bounced back, while inflation remains low and the currency stable. Going forward, Korea will focus on sustainable growth through strengthening domestic demand and the social safety net.
The document discusses competitiveness of Indian cities based on a report by the Institute for Competitiveness, India. It provides statistics on the population, GDP, and land area of major countries and shows that while India has 17% of the world's population, it only contributes 2.6% to global GDP. The document also highlights that Indian states with high economic growth rates also tend to have high levels of urbanization. It notes that enhancing the prosperity of urban India requires improving the competitiveness of cities by boosting productivity. Competitiveness depends on factors at different geographic levels from the world economy down to individual nations, states and cities.
The document provides information on the competitiveness and growth of Indian cities. It shows that:
1) Major cities like Delhi, Mumbai, Chennai, and Hyderabad are the largest contributors to India's GDP and are growing rapidly.
2) There has been a large shift from rural to urban areas in India, with the number of towns and cities increasing significantly over time.
3) A city's competitiveness depends on factors like business environment, infrastructure, human capital, and demand conditions within the city.
4) Understanding each city's strengths and weaknesses is important as strategies that work for one city may not apply elsewhere. The document ranks cities based on their overall competitiveness.
The document discusses ASEAN economic integration and related topics. It notes that ASEAN was established in 1967 and discusses goals of fostering cooperation and ensuring stability and security in Southeast Asia. It also references plans for an ASEAN Economic Community to facilitate integration among member countries and with the global economy, including creating a single market and production base. Key areas of focus are mentioned like human resource development, e-commerce, and improving physical connectivity between ASEAN countries.
The global economy is recovering, but confidence is extremely uneven across different regions, according to the OECD’s latest Economic Outlook. European governments must take greater action to ensure that the crisis in the euro area does not derail the recovery.
External risks continue to threaten the global economy but Korea’s economic growth will likely improve in the second half of 2011 and free trade agreements are poised to increase expansion substantially. Those were among the points made at the Korean Economic Forum, co-hosted by Samsung Economic Research Institute and the Korea JoongAng Daily at the Hotel Shilla on May 25. Among the many distinguished guests were ambassadors, CEOs and foreign correspondents.
This document provides an overview of investment opportunities in South Africa and the Western Cape region. It outlines key statistics about South Africa's economy such as its population, literacy and unemployment rates, and inflation. It also discusses South Africa's competitiveness rankings globally and within Africa. The Western Cape region has consistently outperformed the national economy in GDP growth. The presentation concludes with a question and answer section.
The document discusses key issues related to the Eurozone and Britain's position regarding adopting the Euro. It covers topics such as which countries have adopted the Euro, convergence criteria for joining, the motivations and cases for and against Britain adopting the Euro, and tensions that have arisen within the Eurozone.
The Saturday Economist : UK recoveries compared 1930 2012 John Ashcroft
The document compares the UK recessions and recoveries of 1930, 1980, 1990 to the current recession from 2008. It finds that the 2008 recession was steeper than previous recessions. The recovery was in line with previous recessions until 2011, but has since faltered, with the economy now flatlining and output still below pre-recession levels. In contrast to previous strong recoveries, the current recovery lacks stimulus, with constrained government spending, household spending, and weak investment awaiting growth in domestic demand.
The document summarizes banking industry performance in 2010 following the financial crisis. Key points include:
- Global banking market capitalization increased 10% in 2010, recovering further from the crisis but remaining below pre-crisis levels.
- Total shareholder returns for banks fell from 47.1% in 2009 to 6% in 2010, below the all-industry average, with emerging markets performing best.
- Five of the top ten largest banks by market cap were from emerging markets, including four from China, highlighting the strength of emerging market banks.
- For the first time since the crisis, all major banking markets were profitable, with Switzerland having the highest returns, though profitability declined in Spain and was
India's international trade and investmentMohit Malviya
India's international trade and foreign direct investment has grown substantially in recent years. Between 2002 and 2008, India's total merchandise trade increased from $95 billion to $391 billion, with exports growing at an average rate of 24.5% and imports growing 30.3% annually. Major trading partners for both exports and imports include the US, China, UAE, and Saudi Arabia. Trade has shifted towards developing Asian countries, with Asia's share of exports increasing from 39% to 52% during 2001-2008. Foreign direct investment inflows and outflows have also increased significantly.
2008 - ApresentaçãO SãO Paulo Mercado RegionalEmbraer RI
The document discusses the commercial jet market and the ERJ145 family of regional jets. It notes that while fuel prices may provide some relief in 2009-2010, the industry is expected to see more consolidation, capacity cuts, fare increases, and a focus on efficiency. Over 1,000 ERJ145 aircraft have been delivered since its introduction. In the US domestic market in 2007, 29% of RJ50 flights occurred in markets with 5-25 annual flights, while markets with over 200 annual flights accounted for 19% of RJ50 flights.
Public investments in agriculture in Mozambique have achieved impressive growth rates in recent years, however this growth may not be sustainable. While agricultural GDP and public spending on agriculture have grown at average annual rates of 8.4% and 12.2% respectively between 2000-2011, there are indications that further technical change is needed to maintain this level of growth. Models suggest that public investment in agriculture would need to increase substantially, to around 18-28% annually, in order to spur sufficient technical change through investments in areas like agricultural R&D, infrastructure, and institutional development. Understanding the determinants of public investment decisions, such as the country's budgeting process and the incentives of various actors, will be important to guide investments toward
The document discusses energy landscapes in India, with a focus on Gujarat. It notes that Gujarat has a more developed gas infrastructure than India overall, including a larger pipeline network and higher gas consumption. Gujarat also has a more diverse energy mix, with gas and renewables playing a larger role. The state's gas company GSPC relies solely on imported LNG and has helped expand gas access across the state. Several LNG import terminals have been built in India to boost gas supply and use.
MTG operates pay-TV channels and platforms across Eastern Europe. In 2012, MTG aimed to protect growth in basic pay-TV, take advantage of satellite potential in Russia and Ukraine, develop premium offerings, and participate in online video. MTG saw continued growth opportunities in pay-TV across the region due to increasing penetration, the lead of satellite distribution, and developing premium markets like Russia. MTG operated platforms in the Baltics, Ukraine, and Russia, and saw subscriber growth across platforms through 2012.
Presented by Dennis R. Chrisbaum
Director, International Trade Finance
Office of International Trade
U.S. Small Business Administration
409 – 3rd Street, S.W.
Washington, D.C. 20416
Tel: 202.205.6885
E-mail: dennis.chrisbaum@sba.gov
Web: www.sba.gov/international
The document discusses Liberty's balanced property portfolio, including:
1. A review of the portfolio's 2011 performance, which saw a 10.51% total return, outperforming inflation and other local asset classes.
2. An outlook for 2012, expecting continued growth in net income but constrained by rising costs, and risky capital forecasts given a lack of new developments.
3. The fund's composition as of January 2012, consisting mainly of retail properties in South Africa, with some office, hotel and other properties, as well as listed property investments.
Club Premier is Mexico's leading broad-based coalition loyalty program. It has experienced strong growth in recent years, with billings up 64% and new members enrolled increasing 111% from Q4 2010 to Q2 2012. Club Premier has expanded its partnerships significantly, including with major banks like Banamex and American Express, as well as with Aeromexico, Mexico's flag carrier airline. Club Premier aims to continue innovating and engaging members through new redemption categories, marketing campaigns, and mobile offerings to provide value to all stakeholders.
This document summarizes global barley trade over the past decade, noting that:
1) The EU once dominated international barley markets, especially in North Africa and the Middle East, but global trade dynamics have changed dramatically with increased competition from countries like Russia and Ukraine.
2) EU policies have reduced market support prices and de-emphasized export subsidies, while regulations will soon eliminate intervention support for barley, potentially causing acreage shifts away from barley.
3) Exports have been redistributed over the past decade, with the EU share declining from around 10 MMT to 1.5 MMT while exports from countries like Russia and Ukraine have increased.
1) Terex is the 3rd largest manufacturer of construction equipment in the world, with sales of $10.1 billion over the last 12 months.
2) Terex aims to achieve $12 billion in sales and 12% operating margin by 2010, describing this goal as "12 by 12 in '10".
3) Terex has opportunities to improve margins through better pricing, supply chain management, and productivity initiatives. Reducing working capital, especially inventory, could free up hundreds of millions of dollars.
The document discusses past and projected growth in the global solar PV market from 2001-2011 and beyond. It notes that the market grew at an average annual rate of 52% from 2001-2010, with particularly rapid growth in 2009-2010. Germany has been the leading country for installed capacity but its market may be nearing saturation. Module prices declined sharply from 2008-2010. The document considers whether the solar PV market will continue growing at similar rates or begin to slow and outlines optimistic and conservative scenarios for market growth through 2020.
This document discusses India's policy on foreign direct investment (FDI). It outlines the philosophy behind attracting long-term foreign capital to supplement domestic investment efforts. FDI is recognized as a key driver of economic growth. Large scale economic reforms have created an attractive investment destination in India. The document provides statistics on global and regional FDI trends. It highlights sectors targeted for FDI inflows and incentives provided. Key economic indicators of India that make it an ideal investment destination are also noted.
This document analyzes the Look Asia Project from Korea and Colombia's perspectives. It discusses rising oil consumption in Asia compared to other regions through 2035. It also examines Korea's need to diversify its oil imports away from the Middle East and Colombia's interest in exporting more oil to growing Asian markets like Korea, China and India. The document outlines advantages and challenges of the project for both Korea and Colombia.
Global Financial Crisis And India12345678Jonty Mohta
The document discusses the global financial crisis and its impact on India. It begins by outlining the causes of the crisis, including subprime lending and lax regulation in advanced economies like the US. It then examines the worsening global economic outlook according to IMF forecasts. The document also analyzes the impact of the crisis on India, including reductions in capital flows, stock markets, exports, and foreign exchange reserves. It notes differences between the financial crisis in the US/Europe and in India. Finally, it outlines measures taken by the Reserve Bank of India in response to the crisis, such as expanding rupee liquidity and cutting interest rates.
This document projects the future size of major world economies in 2050 compared to 2005. It finds that emerging economies like China and India will significantly grow their share of the global economy. By 2050, the combined economy of 7 large emerging markets (E7) may be 25% larger than the current G7 when measured in US dollars, and 75% larger when measured in purchasing power parity terms. India has the potential to become the fastest growing large economy and may be similar in size to the US by 2050. China will also continue growing rapidly to become the largest economy after the US. Other emerging economies like Brazil, Indonesia and Mexico will also see strong growth to surpass some current European powers in size.
Andrew Sentence: The "New Normal" for the global economyNuffield Trust
- The global economy is expanding but the recovery is uneven, with growth in Asia outpacing the EU and US.
- This recovery differs from previous recoveries in the 1980s and 1990s with slower growth across advanced and emerging economies.
- Asia-Pacific has become the dominant global economic region while UK growth has disappointed, averaging only 1.3% since 2009.
The World 2050 Beyond the BRICs: A broader look at emerging market growth pro...PARIS
In the words of the report’s joint authors John Hawksworth and Gordon Cookson: "The general message is that investors with long-time horizons should look beyond the BRICs — there are many other alternatives worth considering depending on the nature of the investment and the risk tolerance of the investor."
Some of the highlighted projections of this latest analysis:
* By 2050, the E7 emerging economies will be around 50% larger than the current G7 (US, Japan, Germany, UK, France, Italy and Canada)
* China is expected to overtake the US as the largest economy in around 2025
* India has the potential to nearly catch up with the US by 2050
* The projected list of fastest growing economies to 2050 is headed by Vietnam, and the top 10 includes Nigeria, Philippines, Egypt and Bangladesh.
http://www.pwc.com/Extweb/pwcpublications.nsf/docid/146E4E4D52487154852573FA0058A179
This document provides an overview of investment opportunities in South Africa and the Western Cape region. It outlines key statistics about South Africa's economy such as its population, literacy and unemployment rates, and inflation. It also discusses South Africa's competitiveness rankings globally and within Africa. The Western Cape region has consistently outperformed the national economy in GDP growth. The presentation concludes with a question and answer section.
The document discusses key issues related to the Eurozone and Britain's position regarding adopting the Euro. It covers topics such as which countries have adopted the Euro, convergence criteria for joining, the motivations and cases for and against Britain adopting the Euro, and tensions that have arisen within the Eurozone.
The Saturday Economist : UK recoveries compared 1930 2012 John Ashcroft
The document compares the UK recessions and recoveries of 1930, 1980, 1990 to the current recession from 2008. It finds that the 2008 recession was steeper than previous recessions. The recovery was in line with previous recessions until 2011, but has since faltered, with the economy now flatlining and output still below pre-recession levels. In contrast to previous strong recoveries, the current recovery lacks stimulus, with constrained government spending, household spending, and weak investment awaiting growth in domestic demand.
The document summarizes banking industry performance in 2010 following the financial crisis. Key points include:
- Global banking market capitalization increased 10% in 2010, recovering further from the crisis but remaining below pre-crisis levels.
- Total shareholder returns for banks fell from 47.1% in 2009 to 6% in 2010, below the all-industry average, with emerging markets performing best.
- Five of the top ten largest banks by market cap were from emerging markets, including four from China, highlighting the strength of emerging market banks.
- For the first time since the crisis, all major banking markets were profitable, with Switzerland having the highest returns, though profitability declined in Spain and was
India's international trade and investmentMohit Malviya
India's international trade and foreign direct investment has grown substantially in recent years. Between 2002 and 2008, India's total merchandise trade increased from $95 billion to $391 billion, with exports growing at an average rate of 24.5% and imports growing 30.3% annually. Major trading partners for both exports and imports include the US, China, UAE, and Saudi Arabia. Trade has shifted towards developing Asian countries, with Asia's share of exports increasing from 39% to 52% during 2001-2008. Foreign direct investment inflows and outflows have also increased significantly.
2008 - ApresentaçãO SãO Paulo Mercado RegionalEmbraer RI
The document discusses the commercial jet market and the ERJ145 family of regional jets. It notes that while fuel prices may provide some relief in 2009-2010, the industry is expected to see more consolidation, capacity cuts, fare increases, and a focus on efficiency. Over 1,000 ERJ145 aircraft have been delivered since its introduction. In the US domestic market in 2007, 29% of RJ50 flights occurred in markets with 5-25 annual flights, while markets with over 200 annual flights accounted for 19% of RJ50 flights.
Public investments in agriculture in Mozambique have achieved impressive growth rates in recent years, however this growth may not be sustainable. While agricultural GDP and public spending on agriculture have grown at average annual rates of 8.4% and 12.2% respectively between 2000-2011, there are indications that further technical change is needed to maintain this level of growth. Models suggest that public investment in agriculture would need to increase substantially, to around 18-28% annually, in order to spur sufficient technical change through investments in areas like agricultural R&D, infrastructure, and institutional development. Understanding the determinants of public investment decisions, such as the country's budgeting process and the incentives of various actors, will be important to guide investments toward
The document discusses energy landscapes in India, with a focus on Gujarat. It notes that Gujarat has a more developed gas infrastructure than India overall, including a larger pipeline network and higher gas consumption. Gujarat also has a more diverse energy mix, with gas and renewables playing a larger role. The state's gas company GSPC relies solely on imported LNG and has helped expand gas access across the state. Several LNG import terminals have been built in India to boost gas supply and use.
MTG operates pay-TV channels and platforms across Eastern Europe. In 2012, MTG aimed to protect growth in basic pay-TV, take advantage of satellite potential in Russia and Ukraine, develop premium offerings, and participate in online video. MTG saw continued growth opportunities in pay-TV across the region due to increasing penetration, the lead of satellite distribution, and developing premium markets like Russia. MTG operated platforms in the Baltics, Ukraine, and Russia, and saw subscriber growth across platforms through 2012.
Presented by Dennis R. Chrisbaum
Director, International Trade Finance
Office of International Trade
U.S. Small Business Administration
409 – 3rd Street, S.W.
Washington, D.C. 20416
Tel: 202.205.6885
E-mail: dennis.chrisbaum@sba.gov
Web: www.sba.gov/international
The document discusses Liberty's balanced property portfolio, including:
1. A review of the portfolio's 2011 performance, which saw a 10.51% total return, outperforming inflation and other local asset classes.
2. An outlook for 2012, expecting continued growth in net income but constrained by rising costs, and risky capital forecasts given a lack of new developments.
3. The fund's composition as of January 2012, consisting mainly of retail properties in South Africa, with some office, hotel and other properties, as well as listed property investments.
Club Premier is Mexico's leading broad-based coalition loyalty program. It has experienced strong growth in recent years, with billings up 64% and new members enrolled increasing 111% from Q4 2010 to Q2 2012. Club Premier has expanded its partnerships significantly, including with major banks like Banamex and American Express, as well as with Aeromexico, Mexico's flag carrier airline. Club Premier aims to continue innovating and engaging members through new redemption categories, marketing campaigns, and mobile offerings to provide value to all stakeholders.
This document summarizes global barley trade over the past decade, noting that:
1) The EU once dominated international barley markets, especially in North Africa and the Middle East, but global trade dynamics have changed dramatically with increased competition from countries like Russia and Ukraine.
2) EU policies have reduced market support prices and de-emphasized export subsidies, while regulations will soon eliminate intervention support for barley, potentially causing acreage shifts away from barley.
3) Exports have been redistributed over the past decade, with the EU share declining from around 10 MMT to 1.5 MMT while exports from countries like Russia and Ukraine have increased.
1) Terex is the 3rd largest manufacturer of construction equipment in the world, with sales of $10.1 billion over the last 12 months.
2) Terex aims to achieve $12 billion in sales and 12% operating margin by 2010, describing this goal as "12 by 12 in '10".
3) Terex has opportunities to improve margins through better pricing, supply chain management, and productivity initiatives. Reducing working capital, especially inventory, could free up hundreds of millions of dollars.
The document discusses past and projected growth in the global solar PV market from 2001-2011 and beyond. It notes that the market grew at an average annual rate of 52% from 2001-2010, with particularly rapid growth in 2009-2010. Germany has been the leading country for installed capacity but its market may be nearing saturation. Module prices declined sharply from 2008-2010. The document considers whether the solar PV market will continue growing at similar rates or begin to slow and outlines optimistic and conservative scenarios for market growth through 2020.
This document discusses India's policy on foreign direct investment (FDI). It outlines the philosophy behind attracting long-term foreign capital to supplement domestic investment efforts. FDI is recognized as a key driver of economic growth. Large scale economic reforms have created an attractive investment destination in India. The document provides statistics on global and regional FDI trends. It highlights sectors targeted for FDI inflows and incentives provided. Key economic indicators of India that make it an ideal investment destination are also noted.
This document analyzes the Look Asia Project from Korea and Colombia's perspectives. It discusses rising oil consumption in Asia compared to other regions through 2035. It also examines Korea's need to diversify its oil imports away from the Middle East and Colombia's interest in exporting more oil to growing Asian markets like Korea, China and India. The document outlines advantages and challenges of the project for both Korea and Colombia.
Global Financial Crisis And India12345678Jonty Mohta
The document discusses the global financial crisis and its impact on India. It begins by outlining the causes of the crisis, including subprime lending and lax regulation in advanced economies like the US. It then examines the worsening global economic outlook according to IMF forecasts. The document also analyzes the impact of the crisis on India, including reductions in capital flows, stock markets, exports, and foreign exchange reserves. It notes differences between the financial crisis in the US/Europe and in India. Finally, it outlines measures taken by the Reserve Bank of India in response to the crisis, such as expanding rupee liquidity and cutting interest rates.
This document projects the future size of major world economies in 2050 compared to 2005. It finds that emerging economies like China and India will significantly grow their share of the global economy. By 2050, the combined economy of 7 large emerging markets (E7) may be 25% larger than the current G7 when measured in US dollars, and 75% larger when measured in purchasing power parity terms. India has the potential to become the fastest growing large economy and may be similar in size to the US by 2050. China will also continue growing rapidly to become the largest economy after the US. Other emerging economies like Brazil, Indonesia and Mexico will also see strong growth to surpass some current European powers in size.
Andrew Sentence: The "New Normal" for the global economyNuffield Trust
- The global economy is expanding but the recovery is uneven, with growth in Asia outpacing the EU and US.
- This recovery differs from previous recoveries in the 1980s and 1990s with slower growth across advanced and emerging economies.
- Asia-Pacific has become the dominant global economic region while UK growth has disappointed, averaging only 1.3% since 2009.
The World 2050 Beyond the BRICs: A broader look at emerging market growth pro...PARIS
In the words of the report’s joint authors John Hawksworth and Gordon Cookson: "The general message is that investors with long-time horizons should look beyond the BRICs — there are many other alternatives worth considering depending on the nature of the investment and the risk tolerance of the investor."
Some of the highlighted projections of this latest analysis:
* By 2050, the E7 emerging economies will be around 50% larger than the current G7 (US, Japan, Germany, UK, France, Italy and Canada)
* China is expected to overtake the US as the largest economy in around 2025
* India has the potential to nearly catch up with the US by 2050
* The projected list of fastest growing economies to 2050 is headed by Vietnam, and the top 10 includes Nigeria, Philippines, Egypt and Bangladesh.
http://www.pwc.com/Extweb/pwcpublications.nsf/docid/146E4E4D52487154852573FA0058A179
World Newspaper Congress 11: Session Finance, Kevin WoodfieldWAN-IFRA
The document summarizes Kevin Woodfield's speech on finance at the 63rd World Newspaper Congress. Some key points from his presentation include:
- He reviewed GDP growth projections for various countries from 2008-2016, noting slower growth in advanced economies compared to developing economies like China.
- He discussed challenges facing news organizations in the current economic environment but emphasized the need to remain optimistic as businesses.
- Woodfield advocated leveraging a company's unique selling proposition and finding ways to monetize it, citing his own company's focus on financial news and analysis.
- He concluded by encouraging adapting best practices from other industries and continually improving at your core competencies.
1. Economic uncertainty persists in global markets due to slowing growth in China and Europe.
2. Expansionary monetary policies by central banks aim to stimulate growth amid low inflation.
3. Government debt problems in Europe remain a major threat to the global economic outlook.
For more information contact: emailus@marcusevans.com
Christian Menegatti who is the MD & Head of Global Economic Research at Roubini Global Economics shared her presentation entitled "Bracing for Balance Sheet Repair Mode: Pinpointing Growth Drivers amidst a Global Deleveraging Landscape" at the marcus evans Elite Summit.
Join the November 2014 Summit along with leading European family offices and global asset managers in an intimate environment for a focused discussion of key new drivers shaping wealth management strategies today.
For more information contact: emailus@marcusevans.com
This document provides a summary of industry statistics for the global commercial airline industry from 2001 to 2010. It shows revenues, expenses, profits, traffic volumes, yields and costs. Some key points are:
- Revenues fell in 2001/2008 due to economic downturns but are forecast to rise in 2010. Profits turned negative in 2008/2009.
- Fuel is the largest expense, rising from 13% to 33% of total expenses from 2001-2008 due to higher oil prices.
- Passenger traffic grew until 2008 but fell in 2009 and is forecast to rise in 2010. Cargo traffic also declined in 2009.
- Load factors increased over time but profits remained elusive for some periods due to
The document discusses the slowing economic growth in the Black Sea region due to global headwinds, particularly weak growth in Europe. It notes that while policy responses have helped, growth has sharply slowed across the Black Sea countries in 2012 and long-term growth remains uncertain. The region faces risks from balance sheet vulnerabilities, currency pressures, and constrained policy space compared to other emerging markets.
The global economy is stabilizing after an unprecedented recession, helped by unprecedented policy support. However, the recession is not over and the recovery is expected to be sluggish. While growth is projected to be higher in 2010 than previously expected, the advanced economies are not expected to show sustained growth until the second half of 2010. Financial conditions have improved due to government intervention, but financial systems remain impaired and government support will gradually diminish.
2010-2013 Semiconductor Market Forecast Seizing the economic & political ...Stephan Cadene
The document discusses the 2010-2013 semiconductor market forecast from the World Semiconductor Trade Statistics (WSTS) and European Semiconductor Industry Association (ESIA). It notes that the latest WSTS forecast shows strong market growth and a positive outlook. However, it questions whether Europe will be able to capitalize on these opportunities. It also discusses the renewed political focus on key enabling technologies in Europe and how words need to turn into actions. Charts are included showing historical and forecasted growth in the worldwide and European semiconductor markets from 2009-2012.
The Emergence of Private Equity in AsiaTuck Seng Low
Private equity has emerged as an important alternative investment in Asia. The presentation discusses the growth of private equity in Asia, with total private equity pools growing at an average of 24% annually from 1994 to 2003. Several Asian economies like China, India, Korea and Singapore have seen particularly strong growth. The presentation also outlines the types of private equity funds focused on Asia, including regional, country-specific, bank-sponsored and corporate funds. Selected private equity deals and exits in Asia from the first half of 2004 are also mentioned.
SERI 2011 Korea Economic Forum
External risks continue to threaten the global economy but Korea’s economic growth will likely improve in the second half of 2011 and free trade agreements are poised to increase expansion substantially. Those were among the points made at the Korean Economic Forum, co-hosted by Samsung Economic Research Institute and the Korea JoongAng Daily at the Hotel Shilla on May 25. Among the many distinguished guests were ambassadors, CEOs and foreign correspondents.
Asia's economic recovery faces several challenges including a weaker global recovery, rising commodity prices such as food and oil, and risks from capital inflows like currency appreciation and asset bubbles. Central banks in several Asian economies have responded by increasing policy interest rates to manage inflation and credit growth. Continued rebalancing of demand across the region also remains important to sustain recovery over the medium term.
Monthly review of key market segments within India including Equity (Domestic and International), Fixed Income, Currency, Economic Indicators, Mutual Funds & Recommended Portfolios (India).
Malaysia is looking to grow its derivatives market and become more integrated in the global financial system. The derivatives market in Malaysia is centered around Bursa Malaysia Derivatives, which is a subsidiary of the Bursa Malaysia stock exchange. Activity and foreign participation in the Malaysian derivatives market has been increasing in recent years, supported by initiatives like partnerships with international exchanges and the introduction of new derivatives products. Bursa Malaysia Derivatives is working to further develop the market through initiatives aimed at attracting more investors and market participants.
The document discusses the Indian economy and trends in Asian economies. It provides an overview of India's economic transition to a services-driven economy, with services now accounting for 57% of GDP. It summarizes growth rates for key sectors in India such as agriculture, industry, and services between 2005-2011. It also discusses the impacts of the global recession of 2008-2009 on Asian economies and indicators of recovery. Overall, it analyzes economic growth trends and the structure of economies across Asia.
This document summarizes the state of the Indian economy in 2012. It notes that global growth estimates have been revised downward. While the US and European economies have not fully recovered from recession, India's growth is projected to slow as well, impacted by weakness abroad. Exports from India are declining, particularly to Europe, ASEAN and Northeast Asia. Capital inflows to India have also been volatile, with FDI steadier than portfolio flows. The rupee has begun depreciating against the dollar after gaining strength earlier in 2012.
An accounting information system (AIS) refers to tools and systems designed for the collection and display of accounting information so accountants and executives can make informed decisions.
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
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Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
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"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
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Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
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2. Table Of Contents
India Opportunity
Why Invest in Small Caps
Investment Case for Small Caps
Success Essentials and Reliance Mutual Fund Advantage
Reliance Small Cap Fund
Investment Strategy
Positioning
Product Features
3. India Moving Towards Higher Growth Trajectory
...despite concerns of coalition politics, bureaucracy & poor infrastructure
Estimated for 2009-2011
Source: CIEC, RCAM Estimates
4. India - The Next Trillion Dollar Opportunity
INDIA’S GDP IN USD TRILLION
India took 60 years to get to its first USD 1 Trillion GDP in FY08 but the move to USD 2
FY08,
Trillion GDP will be in next 5-6 years, similar to that of China
Due to the huge consumption and savings/investment boom, USD 2 Trillion GDP is not a
destination, but a milestone in India’s ongoing journey towards USD 4 Trillion GDP in the
g gj y
subsequent 5-7 years, and so on
Estimated for 2010-2014
Source: CMIE, MOSL, RCAM Estimates
5. Emerging Markets To Attract Higher Inflows
Period 1995-99 2000-04 2005-09 2009 Growing size of EM economy and
Avg. World GDP $Bn 30,292 35,291 53,583 57,228
fading distinction between EM
Proportion of the World Average GDP level (%)
DM countries 80.4 79.5 72.2 69.3 and DM economies should lead to
US 27.6 30.5 25.7 24.9 increased capital allocation to EM
UK 4.4 4.9 4.6 3.8
economies
Euro area 23.2 21.4 22.1 21.5
Japan 14.8 12.2 8.7 8.8
Period 1995-99 2000-04 2005-09 2009
EM countries 19.6 20.5 27.8 30.7
Avg.World M-Cap 14,047,039 17,734,308 25,689,296 24,630,640
Brazil 2.6 1.7 2.4 2.6
Proportion of the Average World M-Cap (%)
Russia 1.0 1.1 2.2 2.2
DM markets 94.1 95.3 90.1 86.8
India 2.2 1.5 1.9 2.2
United States 46.6 51.9 44.3 42.5
China 3.1 4.3 6.5 8.3
United Kingdom 9.7 10.4 9.6 9.0
South Africa 0.5 0.4 0.5 0.5
Europe (ex-EM) 30.0 29.1 29.0 27.3
Japan 13.8 9.0 9.5 8.6
Presently,
Presently EM economies hold over 30% EM markets 5.9 4.7 9.9 13.2
share in Global GDP, while their share in Brazil 0.7 0.4 1.3 2.2
Global market cap is only 13% Russia 0.2 0.2 0.8 0.8
India 0.4 0.3 0.7 1.0
China 0.0 0.3 1.5 2.4
Korea
K 0.6
06 0.8
08 1.4
14 1.7
17
MSCI Indices used as proxy for market-cap data (Units: USD million)
Source: IMF GDP data, MSCI m-cap data, RCAM Estimates, DM : Developed Markets, EM: Emerging Markets
6. Investments Will Flow To India
USD (Trillion) CY2008 CY2014
BRIC
GDP 8.29 16.36
Market Cap 5.61 16.36
FII Investments* 1.00 ??
US
GDP 14.20
14 20 16.47
16 47
Market Cap 12.09 16.47
FII Investments* 10.64 ??
In 2014 BRIC’s combined GDP will be equal to US GDP
2014, BRIC s
At Market Cap GDP ratio of 1, BRIC countries will have a market cap of USD 16.36
Trillion
Significant FII money will flow into the BRIC markets – India will gets its share of
investments
Source - RCAM Estimates, *FII numbers are approximations, BRIC – Brazil, Russia, India, China
7. Investment Outlook
Currently market is evenly poised with positive bias
India has emerged stronger from the global slump and is back on track to grow in excess
of 7-8% per annum
For a sustained long term growth, the 3 growth drivers are in place:
Savings – Domestic savings are among the highest in the world
Consumption – S t t explode
C ti Set to l d
Investments – At 34% of the GDP, again among the highest in the world
Policy announcements will have significant impact on the direction of the market
y g p
Themes for the coming year
Big valuation disparity among large, mid caps & small caps. Opportunity for alpha
creation
Stock selection will be the key Source: Bloomberg, RCAM Estimates
9. Key Benefits Of Investing In Small Caps
Higher Earnings Growth
Small
Cap
Presence in Emerging Sectors Large Universe
10. Emergence Of Small Caps To Large Caps
Today s
Today’s Small …Are Tomorrow’s Potential
Tomorrow s
Caps …. Which May Eventually
Mid Caps, Become Large Caps
Small Caps Mid Caps Large Caps
11. Re – Rating Potential For Small Caps
Small Cap Mid Cap Large Cap
Research Available Limited Moderate Widely
Institutional Very
Ownership Moderate Large
Limited
Valuation Multiple
p
Low Moderate Fair
12. Entrepreneurial Passion
Indian entrepreneurial skills / mindset / spirit has been globally acknowledged over a
period of time
End f License R j h opened many b i
E d of Li Raj has d business opportunities f entrepreneur
t iti for t
Multiple sources of fund raising at various stage of business has been of tremendous
help
p
Competitive talent is being attracted & retained by rewarding performance linked
incentives, ESOPs, etc
In today’s economic environment, individuals with entrepreneurial mindset are exploring
new business opportunities that will not only survive in a recession but will also thrive
Thus, E
Th Emerging I di i offering various growth opportunities t entrepreneurs, b it fi t
i India is ff i i th t iti to t be first
generation entrepreneur or otherwise
13. Emerging Sectors Offer Opportunities For Growth
In a developing economy like India, multiple sectors provide opportunities for growth
Example: Retailing, Food Processing, Pharmaceuticals, Media & Entertainment,
Real Estate, Education, Hospitality etc
y
Once established and successful, ramp up can be rapid
Thus, emerging sectors are true reflection of entrepreneurial spirit, new opportunities
and creation of global behemoths
14. Dynamics Of Multi - Baggers
Market Capitalization = Net Profits X Perception
Market Price = EPS X PE
High Growth Potential / Scalability Under Ownership, Under
Differentiated Business Model Researched & Under Covered
Emergence of Educated & Understanding Value of Market Cap
Passionate Management Various Modes of Fund Raising
Niche focus & ability to attract talent Emerging Sectors start small –
in form of Quasi Entrepreneurs & Technology, Retail, Real Estate,
Stock Options Insurance etc
This simultaneous impact on both EPS & PE creates a MULTI BAGGER
15. How Small Caps Are Classified ?
There is no scientific methodology to classify Large Caps, Mid Caps and Small Caps
but there are pre-defined indices on BSE & NSE
Mentioned below is the categorization of the same on the basis of market capitalization
as on August 2010
Index Market Cap Total Market
No. Of
Indices Categorization Range Cap approx
Companies
(Rs. Crs) (Rs Crs)
BSE SENSEX Large Cap
g p 30 15,300 – 329,400
, , 2,761,687
, ,
BSE Mid Cap Mid Cap 273 1000 – 12,350 1,078,821
BSE Small Cap Small Cap 534 170 – 2300 351,840
Source: www.bseindia.com, 5th August 2010 , Index Market Cap Range given implies companies with the smallest market cap and largest market cap in that particular
indices respectively as on August 5, 2010. Small Cap stocks for the purpose of the Reliance Small Cap Fund are stocks whose market capitalization is in between the
highest and lowest market capitalization of companies on BSE Small Cap Index
16. The Indian Small Cap Opportunity
4300+ Cos. listed on Bombay Stock Exchange
1383 Cos. with Market Capitalization of over Rs 100 Cr
1065 Cos. with Market Capitalization of over Rs 200 Cr
664 Cos. with a Sales Turnover of over Rs. 200 Cr
613 Cos. with an Operating Profits over Rs 25 Cr
548 Cos. with net profits of over Rs 10 Cr
p
Source : www.bseindia.com, Capitaline Neo as on 6th August 2010
17. Investment Case For Small Caps
Performance Over The Last 2 Years (31st July 08 - 30th July 10) Valuation As On 31st July 2010
Outperformance of Index
I d P/E Price T Book Value
P i To B k V l
Index CAGR (%) BSE SMALL CAP
Relative To Indices S&P CNX Nifty 22.31 3.78
S&P CNX Nifty 11.32 5.00 BSE SENSEX 21.20 3.40
BSE SENSEX 11.58 4.74 BSE MIDCAP 19.24 2.90
BSE MIDCAP 15.37 0.95 BSE SMALL CAP 15.66 2.34
BSE SMALL CAP 16.32
Source : www.bseindia.com, Capitaline Neo as on 6th August 2010
Small Caps are still available at better valuations compared to Large Caps
18. Examples of how Small Cap companies have emerged
E l fh S ll C i h d
as Large Cap companies over a period of time
creating wealth for the shareholders
The companies chosen herein are purely for illustrative purpose only
Reliance Mutual Fund or Reliance Small Cap Fund may or may not invest in the shares of these companies
The investment decision of Reliance Mutual Fund to invest in any company is based on several factors including
research, market potential, future outlook etc
19. Retailing
Market Capitalization Market Capitalization
(July 30th 2001) (July 30th 2010) Outperformance relative to
Company Name BSESENSEX
(Rs. Cr) (Rs. Cr) (July 30th 2001- July 30th 2010)
Pantaloon Retail (India)
P l R il (I di ) 19.98
19 98 9457.13
9457 13 19,316%
19 316%
PAT
Rs.140.58 Crs
(30th June 2009)
PAT
Rs.6.40 Crs
(30th J
June 2001)
Source as on 31st July 2010, Capitaline Neo
20. Realty - Construction
Market Capitalization Market Capitalization
(July 31st 2003) (July 30th 2010) Outperformance relative to
Company Name BSESENSEX
(Rs. Cr) (Rs. Cr) (July 31st 2003- July 30th 2010)
Unitech
U i h 72.44
72 44 20,457.53
20 457 53 17,550%
17 550%
PAT
Rs.1,195.53 Crs
(31st M
March 2009)
h
PAT
Rs.13.57 Crs
(31st M
t March 2003)
h
Source as on 31st July 2010, Capitaline Neo
21. Computers - Education
Market Capitalization Market Capitalization
(Jan 31st 2006) (July 30th 2010) Outperformance relative to
Company Name BSESENSEX
(Rs. Cr) (Rs. Cr) (Jan 31st 2006- July 30th 2010)
Educomp Solutions
Ed S l i 447.20
447 20 5,797.46
5 797 46 904%
PAT
Rs.140.33 Crs
(31st March 2009)
PAT
Rs.14.00 Crs
(31st March 2006)
Source as on 31st July 2010, Capitaline Neo
22. Healthcare
Market Capitalization Market Capitalization
(Jan 31st 2001) (July 30th 2010) Outperformance relative to
Company Name BSESENSEX
(Rs. Cr) (Rs. Cr) (Jan 31st 2001- July 30th 2010)
Apollo H
A ll Hospitals
i l 715.31
715 31 4,841.08
4 841 08 20%
PAT
Rs.130.03 Crs
(31st March 2010)
PAT
Rs.30.92 Crs
(31st March 2002)
Source as on 31st July 2010, Capitaline Neo
23. FMCG – Food & Dairy Products
Market Capitalization Market Capitalization
(July 1st 2003) (July 30th 2010) Outperformance relative to
Company Name BSESENSEX
(Rs. Cr) (Rs. Cr) (July 01st 2003- July 30th 2010)
Zydus W ll
Z d Wellness 2.31
2 31 2,015.23
2 015 23 9,924%
9 924%
PAT
Rs.46.71 Crs
(31st March 2010)
PAT
Rs.0.94 Crs
(31st M
t March 2003)
h
Source as on 31st July 2010, Capitaline Neo
24. Dynamics Of Successful Small Cap Investing
Stock Selection
Small Cap investing is all about stock selection rather than asset allocation
Stock selection based on
Size of opportunity
Possible higher growth and its sustainability
Emerging theme / sector (Example: real estate retail food processing etc)
estate, retail,
Zeal of management to scale and grow
Stock price movement tend to be more volatile
Limited research
Lesser/negligible institutional ownership
However the sharp volatility subsides over a longer period and makes way for
higher profitability
25. Reliance Mutual Fund Advantage
Our Expertise
Bottom up approach has been strongly advocated as the key investment strategy of
Reliance Mutual Fund
Fund.
Well-experienced team of investment professionals having
Collective experience of over 150 years in Indian equities
Most members individually tracking Indian equity markets for well over 15 years
In depth research capabilities to identify small caps with huge growth potential
Our research capability empowers the Fund Manager to be BOLD in identifying high
growth potential stocks & manage the RISK associated with it
Only fund in RMF’s product basket with a pre-dominant investment focus on small
cap companies where stock selection would play a key role
Past Performance may or may not be sustained in future
26. Reliance Mutual Fund
Presents
Reliance Small Cap Fund
A Fund With
A Very Aggressive Investment Style
27. Investment Philosophy
With an endeavor to maximize returns & minimize risks by reasonable diversification ,
primary focus would be on small cap stocks
Investment in Equities of Small Cap Companies : 65%-100%*
Investment in Equities of any other Companies : 0%-35%*
Investment i D bt & M
I t t in Debt Money M k t S
Market Securities : 0% - 35%*
iti
Small cap stocks, for the purpose of the fund are defined as stocks whose market
capitalization is in between the highest & lowest market capitalization of companies
p g p p
on BSE Small Cap Index
Investment with a longer term horizon
* Please refer detailed asset allocation on slide no 29. Market Capitalization: Market value of the listed company, which is
calculated by multiplying its current market price by number of its shares outstanding
28. Positioning Of Reliance Small Cap Fund
Returns
High Medium Low
Reliance Small
High
Risk
Ri k Cap Fund
C F d
Medium
Low
A very aggressive small cap oriented fund
A relatively high risk/high return oriented fund characterized by volatility which will get
smoothened out over long term investment horizon
Reliance Small Cap Fund will be a vital part of an investor’s core portfolio that aims to
create an alpha for their investments
29. Scheme Features
The primary investment objective of the scheme is to generate long term capital
appreciation by investing predominantly in equity and equity related instruments
Investment Objective of small cap companies and the secondary objective is to generate consistent
returns by investing in debt and money market securities
Benchmark BSE Small Cap Index
Equity & equity related securities of small cap companies including derivatives#
- 65% 100%
65%-100%
Equity & equity related securities of any other companies including derivatives#
Proposed Asset - 0%-35%
Allocation Debt & Money Market Securities **(including investments in securitised debt)
- 0% - 35%
** including securitised debt up to 30%
# The Scheme proposes to invest at least 65% of the corpus in Equity & equity related instruments of small cap
companies which may go upto 100% of the corpus. The investment in Equity & equity related instruments of
any other companies other than small cap companies will be in the range of 0-35% of the corpus
F d Manager
Fund M Sunil Singhania
New Fund Offer Price: Rs.10/- per unit
30. Scheme Features
Choice of Plans/Options Load Structure : During New Fund Offer &
Continuous Offer including SIP Installments
Growth Plan:
Growth & Bonus Option
Entry Load:
E t L d Nil
Dividend Plan :
Dividend Payout Option Exit Load:
Dividend Reinvestment Option • 2% If redeemed or switched out on or before completion of
12 months from the date of allotment of units
Minimum Application Amount
• 1% If redeemed or switched out after 12 months but on or
Rs.5000 & in multiples of Re. 1 thereafter before completion of 24 months from the date of allotment
of units
Additional Purchase Amount
• Nil If redeemed or switched out after th completion of 24
d d it h d t ft the l ti f
Rs.1000 (plus in the multiple of Re.1) months from the date of allotment of units
In accordance with the requirements specified by the SEBI circular no. SEBI/IMD/CIR
SIP No.4/168230/09 dated June 30, 2009 no entry load will be charged for purchase / additional
purchase / switch-in accepted by the Fund. Upfront commission shall be paid directly by the
investor to the AMFI Registered Distributor based on the investor’s assessment of various
Mode of Payment : Auto Debit/ECS factors including the services rendered by the AMFI Registered Distributor.
31. Disclaimers
The views constitute only the opinions and do not constitute any guidelines or recommendation on any course of action to be followed by the readers. This information is
meant for general reading purpose only and is not meant to serve as a professional guide for the readers. This document has been prepared on the basis of publicly available
information, internally developed data and other sources believed to be reliable. The Sponsor, The Investment Manager, The Trustee or any of their respective directors,
employees, affiliates or representatives do not assume any responsibility for, or warrant the accuracy, completeness, adequacy and reliability of such information. Whilst no
action has been solicited based upon the information provided herein, due care has been taken to ensure that the facts are accurate and opinions given fair and reasonable.
This information is not intended to be an offer or solicitation for the purchase or sale of any financial product or instrument. Recipients of this information should rely on
information/data arising out of their own investigations. Readers are advised to seek independent professional advice and arrive at an informed investment decision before
making any investments. None of The Sponsor, The Investment Manager, The Trustee, their respective directors, employees, affiliates or representatives shall be liable for
any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including lost profits arising in any way from the information contained in this material.
The Sponsor, The Investment Manager, The Trustee, any of their respective directors, employees including the fund managers, affiliates, representatives including persons
involved in the preparation or issuance of this material may from time to time, have long or short positions in, and buy or sell the securities thereof, of company(ies) / specific
sectors mentioned herein.
Terms of issue and mode of sale and redemption of units: The Scheme will offer for Subscription/ Switch-in and Redemption / Switch-out of Units on every Business Day
on an ongoing basis, within five business days of allotment. The redemption or repurchase proceeds shall be dispatched to the unitholders within 10 Business Days from the
date f d
d t of redemption or repurchase.
ti h
Investor benefits and general services offered: The Scheme offers Systematic Investment Plan, Auto Switch facility, Online Transactions and Reliance Any Time Money
Card during the NFO period. The NAV of Scheme shall be published on a daily basis by the Mutual Fund at least in two daily newspapers and will also uploaded on the AMFI
site www.amfiindia.com and Reliance Mutual Fund site i.e. www.reliancemutual.com.
Statutory Details: Reliance Mutual Fund has been constituted as a trust in accordance with the provisions of the Indian Trusts Act, 1882. Sponsor: Reliance Capital Limited.
Trustee: Reliance Capital Trustee Company Limited. Investment Manager: Reliance Capital Asset Management Limited (Registered Office of Trustee & Investment
Manager: “Reliance House” Nr. Mardia Plaza, Off. C.G. Road, Ahmedabad 380 006). The Sponsor, the Trustee and the Investment Manager are incorporated under the
Companies Act 1956 The Sponsor is not responsible or liable for any loss resulting from the operation of the Scheme beyond their initial contribution of Rs 1 lakh towards the
1956. Rs.1
setting up of the Mutual Fund and such other accretions and additions to the corpus.
Risk Factors: Mutual Funds and securities investments are subject to market risks, and there is no assurance or guarantee that the objectives of the Scheme will
be achieved. As with any investment in securities, the NAV of the Units issued under the Scheme can go up or down depending on the factors and forces
affecting the securities market. Reliance Small Cap Fund is only the name of the Scheme and does not in any manner indicates either the quality of the Scheme;
its future prospects or returns. Past performance of the Sponsor/AMC/Mutual Fund is not indicative of the future performance of the Scheme. The NAV of the Scheme may
be affected, interalia, by changes in the market conditions, interest rates, trading volumes, settlement periods and transfer procedures. There are various risks associated with
investing in Equities Bonds Foreign Securities investing and use of Derivatives Securitised Debt and Short Selling & Securities Lending For Scheme specific risk factors
Equities, Bonds, Securities, Derivatives, Lending.
and more details, please refer to the Scheme Information Document & Key Information Memorandum, which is available at all the DISC, Distributors and
www.reliancemutual.com. Investors can also call at our call centre 1800-300-11111 (toll free) for more details. Please read the Scheme Information Document and
Statement of Additional Information carefully before investing.