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TATA PORTFOLIO MANAGEMENT SERVICES TATA ASSET MANAGEMENT LTD. For Private Circulation
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Page 1: TATA PORTFOLIO MANAGEMENT SERVICES

TATA PORTFOLIO MANAGEMENT SERVICES

TATA ASSET MANAGEMENT LTD.For Private Circulation

Page 2: TATA PORTFOLIO MANAGEMENT SERVICES

THE TATA GROUP

One of India’s largest business Group

Diverse businesses in 7 sectorsDiverse businesses in 7 sectors

Operations in over 80 countries

Products and services exported to over 85 countriesProducts and services exported to over 85 countries

Largest employer in private sector with over 400,000 employees

Source: www.tata.com

Page 3: TATA PORTFOLIO MANAGEMENT SERVICES

AMONG TOP 50 GLOBAL BRANDS

Source : Financial Express, Issue dated: 22nd March, 2011

Page 4: TATA PORTFOLIO MANAGEMENT SERVICES

ABOUT TATA ASSET MANAGEMENT LTD.

Domestic Business

Established in March 1994

Presence in 80 locations across the country.

Distribution tie‐ups with all major financial intermediaries in India viz Banks,

Distribution companies, Online Platforms, IFAs etc.

The only asset management company in India to adopt the Malcolm Baldrige model

of USA for business excellenceof USA for business excellence

International business

Serve India‐investments of investors from Japan, Europe & middle east through p , p g

exclusive partnerships

Fully owned subsidiary & team in Mauritius with FII registration from SEBI to service

international investors.

Manages 4 India‐dedicated equity‐strategies for international investors.

Page 5: TATA PORTFOLIO MANAGEMENT SERVICES

INTRODUCING…

TATA PORTFOLIO MANAGEMENT SERVICESServing investment needs across asset classServing investment needs across asset class

Page 6: TATA PORTFOLIO MANAGEMENT SERVICES

OUR GUIDING PHILOSOPHY

“What comes from the

people should go back topeople should go back to

them many times over”

‐ J R D Tata

Page 7: TATA PORTFOLIO MANAGEMENT SERVICES

PORTFOLIO MANAGEMENT SERVICES

An investment solution across asset classes to meet specific investment objectives

Possibility of portfolio diversification within broad asset classesBenefits Availability of professional expertise to manage investments

Personalized Investment Service

S it bilitHigh Net worth IndividualsNRISuitability NRIsCorporate/Institutions

Regulator SEBIegu ato S

Page 8: TATA PORTFOLIO MANAGEMENT SERVICES

‘ TRUST’ – OUR GUIDING PRINCIPLES

Transparency: : Aimed at developing and nurturing long standing relationships p y p g g g g p

towards comfortable, confident and satisfied clients

Research: Leverages professional expertise towards providing prudent

investment solutions

Understanding: Portfolio Construction/Advice based on clients’ needs to invest

in companies and situationsin companies and situations

Service : Aimed at bringing in a high degree of personalization to provide

bespoke investment solutions backed by round‐the‐clock servicesp y

Technology: Latest & best technology to complement strengths in intellectual

capital and services through complex portfolio, cross‐sectional analysis software

& online access

Page 9: TATA PORTFOLIO MANAGEMENT SERVICES

ADVANTAGE ‐ TATA PMS

Professional Management: Aim to deliver consistent risk‐adjusted returns

Risk Control: Robust risk management platform without human intervention

wired into the systems

f l k f lPortfolio Tracking: Continuous portfolio monitoring

Convenience: Access you account @ www.tatapms.com

Transparency: In all dealings with stakeholdersTransparency: In all dealings with stakeholders

Dedicated Relationship Manager: The one point contact for personalized services

Page 10: TATA PORTFOLIO MANAGEMENT SERVICES

PORTFOLIO INVESTMENT STRATEGY

Portfolio construction in‐line with the Investment theme selected by the client

Analysis of macro trends to arrive at broad long‐term sectoral allocations

Micro‐level portfolio construction based on the best ideas filtered from likely

beneficiaries of the broad macro trends

Sensitive to the distance between the intrinsic value and current valuations of

the underlying security out of the approved list

Institutionalized risk management framework being one of the guiding posts for

portfolio construction

Constant monitoring to capture early warning signals

Page 11: TATA PORTFOLIO MANAGEMENT SERVICES

INVESTMENT PROCESS

Page 12: TATA PORTFOLIO MANAGEMENT SERVICES

INVESTMENT SOLUTIONS ‐ BLUE CHIP PORTFOLIO

Investment objective Generate capital appreciation with relatively lower risk over the long term

Investment Style Portfolio will be managed in a conservative fashion and will be diversified across various sectors of the Indian economy

Benchmark BSE SensexBenchmark BSE Sensex

Type Open‐Ended

Investment horizon Minimum 2 years suggestedInvestment horizon Minimum 2 years suggested

Internal Risk Control Investment limit in a single stock : 10%Investment limit in a single sector : 30%g

Page 13: TATA PORTFOLIO MANAGEMENT SERVICES

INVESTMENT SOLUTIONS ‐ BLUE CHIP PORTFOLIO

Characteristics Companies’ which have gone through various business cycles

Companies’ would be leaders in their respective industryCompanies would be leaders in their respective industry

Management of these companies would have a long and

consistent track record

F d t ll t fi i l tFundamentally strong financial parameters

A well diversified portfolio with high quality stocks available at

attractive valuation

A combination of large, and mid cap stocks with higher

proportion of large caps

Page 14: TATA PORTFOLIO MANAGEMENT SERVICES

INVESTMENT SOLUTIONS ‐EMERGING OPPORTUNITIES PORTFOLIO

Investment objective

Generate capital appreciation with relatively higher risk over the long term

Investment Style Stock selection would be based on various valuation parameters and the attempt would be to invest in stocks which are available well below their intrinsic value

Benchmark BSE 200

Type Open‐Ended

Investment horizon Minimum 3 years suggested

Internal Risk Control

Investment limit in a single stock : 10%Investment limit in a single sector : 30%g

Page 15: TATA PORTFOLIO MANAGEMENT SERVICES

INVESTMENT SOLUTIONS ‐EMERGING OPPORTUNITIES PORTFOLIO

Characteristics Companies whose scale of operations will undergo a paradigm

shift in future based on the opportunities their sector provides

Availability of management bandwidth to capture the

opportunitiesopportunities

We are looking at tomorrow’s potential blue chips

Market‐cap not a constraint for stock selection

Page 16: TATA PORTFOLIO MANAGEMENT SERVICES

INVESTMENT SOLUTIONS –CONSUMPTION PORTFOLIOCONSUMPTION PORTFOLIO

Investment objective

To seek long term capital appreciation by investing primarily in the equity and equity related instruments of companies most geared to capture the Indian consumption story

Investment Style Portfolio will have Companies that has ability to generate sustainable stakeholder value, positioned to capture Indian consumption opportunities

Benchmark S&P CNX Nifty

Type Open‐Ended

Investment horizon Minimum 3 years suggested

Internal Risk Investment limit in a single stock : 10%Internal Risk Control

Investment limit in a single stock : 10%Investment limit in a single sector : 35%

Page 17: TATA PORTFOLIO MANAGEMENT SERVICES

INVESTMENT SOLUTIONS –CONSUMPTION PORTFOLIO

Characteristics Portfolio will endeavor to capture the transformational changes of the Indian economy on the basis of changing demographic

CONSUMPTION PORTFOLIO

profile, rapid urbanization and resilience of rural demand

Consumption theme has wide sectoral scope which includes sectors like Auto Consumer Durables & Non durables Educationsectors like Auto, Consumer Durables & Non‐durables, Education services, Healthcare services, Media & Entertainment, Retailing etc…

Companies possessing sustainable competitive advantages andbrand loyalty

Page 18: TATA PORTFOLIO MANAGEMENT SERVICES

Key Portfolio Terms

Suggested Minimum Investment

Rs. 25 lakhs at time of initial investment

Set Up Fees Upto 2.00%

PMS Management 2 50% p a / charged quarterly on average AUM

Fees2.50% p.a. / charged quarterly on average AUM

Termination Fees (% of AUM)

0‐12 months : 2 %12‐24 months: 1 %,

(% of AUM)Above 24 months :Nil

Partial Withdrawal NIL(Any withdrawal amount over and above the capital

Fees(Any withdrawal amount over and above the capital contribution)

Page 19: TATA PORTFOLIO MANAGEMENT SERVICES

MODEL PORTFOLIO PERFORMANCES AS ON 30th November 2012 30 o e be 0

Returns (%) 1 month 3 month 6 month 1 year 3 year 5yearSince Inception

(April’06)Returns (%) 1 month 3 month 6 month 1 year 3 year 5year (April 06)

Blue Chip Portfolio

Absolute Returns Annualized Returns

Portfolio 4.00 10.78 21.58 26.67 8.54 4.79 10.30

BSE Sensex 4.51 10.96 19.25 19.95 4.54 ‐0.02 8.42

Absolute Returns

Portfolio 4.00 10.78 21.58 26.67 27.88 26.33 92.19

BSE Sensex 4.51 10.96 19.25 19.95 14.26 ‐0.12 71.45

Emerging Opportunities Portfolio

Absolute Returns Annualized Returns

Portfolio 5.21 12.66 25.40 31.67 12.06 6.24 10.54

BSE 200 4.98 12.50 19.29 22.35 4.31 ‐0.53 8.20

Absolute Returns

Portfolio 5.21 12.66 25.40 31.67 40.73 35.34 95.00

BSE 200 4.98 12.50 19.29 22.35 13.49 ‐2.64 69.15

Consumption Portfolio

Absolute ReturnsSince Inception

(Dec'10)

Portfolio 6 75 14 60 26 56 36 48 NA NA 33 08

PERFORMANCE DEPICTED ABOVE ARE MODEL PORTFOLIO PERFORMANCE CONSTRUCTED USING TIME WEIGHTED RATE OF RETURNPAST MODEL PORTFOLIO PERFORMANCE IS NO GUARANTEE OF FUTURE RETURNS OF THE CLIENT PORTFOLIOS.

Portfolio 6.75 14.60 26.56 36.48 NA NA 33.08

S&P CNX Nifty 4.63 11.82 19.41 21.68 NA NA 0.29

Page 20: TATA PORTFOLIO MANAGEMENT SERVICES

CLIENT COMMUNICATION

Portfolio Disclosure: Clients can access their portfolio online on a daily basis with the given login id and passwordthe given login id and password

Newsletter: Fund Managers Commentary sent to all clients on a monthly basis

Intellect: An in‐house Magazine on macro economic data sent to clients on a monthly basis

Professor Simply Simple: An in‐house book on investor education series sent to clients on joining Tata PMS

Page 21: TATA PORTFOLIO MANAGEMENT SERVICES

www.tatapms.com

Capital Flow Summary

Portfolio Summary

Asset Allocation Summary

Trade transactions

Page 22: TATA PORTFOLIO MANAGEMENT SERVICES

RISK FACTORS

Investments in securities are subject to market risks and include price fluctuation risks.There is no assurance or guarantee that the objectives of the Portfolios will be achieved.The investments may not be suited to all categories of investors The past performance ofThe investments may not be suited to all categories of investors. The past performance ofthe Portfolio Manager in any Portfolio is not indicative of future performance. Investors arenot being offered any guaranteed or indicative returns through any of the Portfolios. Thenames of the Portfolios do not in any manner indicate their prospects or returns. Theperformance of the Portfolios may be adversely affected by the performance of individualcompanies changes in the market conditions micro and macro factors and forces affectingcompanies, changes in the market conditions, micro and macro factors and forces affectingcapital markets in particular like interest rate risk, credit risk, liquidity risk and reinvestmentrisk. Derivatives / Futures and Options products are affected by various risks including butnot limited to counter party risk, market risk, valuations risk, liquidity risks and basis risks.Derivative products are specialized instruments that require investment techniques and riskanalysis different from those associated with stocks and bonds. The use of a derivativerequires an understanding not only of the underlying instrument but also of the derivativeitself. Derivatives may require maintenance of adequate controls to monitor thetransactions entered into, the ability to assess the risk that a derivative adds to the portfolioand other related capabilities. In the case of stock lending, risks relate to the defaults fromp g,counter‐parties with regard to securities lent and the corporate benefits accruing thereon,inadequacy of the collateral and settlement risks. The Portfolio Manager is not responsibleor liable for any loss resulting from the operations of the Portfolios. Each portfolio will beexposed to various risks depending on the investment objective, investment strategy andthe asset allocation Non‐Diversified Portfolio tends to be more volatile than a diversifiedthe asset allocation. Non‐Diversified Portfolio tends to be more volatile than a diversifiedportfolio. In case of small / mid‐cap companies liquidity risks are likely to be high. Furtherprices of stocks in small / mid‐cap companies are also likely to be more volatile. Please readthe Disclosure Document before investing.

Page 23: TATA PORTFOLIO MANAGEMENT SERVICES

THE BEST RELATIONSHIPS KEEP GROWING…

Thank You

Tata Asset Management Ltd.

f9th Floor, Mafatlal Centre,

Nariman Point, Mumbai – 400 021

Toll Free : 1800‐209‐0301

: (022) 6615 7987/86

: [email protected] : www.tatapms.com


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