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E – Series
A New Investment Paradigm
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1
About Religare
Precious Metals
E-Series- Introduction
Why E-Series??
How to go about it?
Presentation Flow:
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About Religare
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Religare’s presence in the financial services
Aegon Religare
Life Insurance (44% JV
with AEGON)
Religare Macquarie Wealth
Management
Wealth Mgmt. (50% JV
with Macquarie)
Religare Capital Markets Ltd
EM Led Investment
Bank
India Subsidiaries
India Joint Ventures International
Religare Finvest Ltd
Lending
•Religare Commodities Ltd
•Religare Bullion Ltd
Religare Securities Limited
Brokerage
Religare Asset Management
Asset Management
Religare Health Insurance
Health Insurance
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Religare’s footprint in the broking domain
326
367642
377
550
361
422
350
389
381
* Source: NSE, BSE
Growth in distribution through franchisees
382386 414
413 409
Q2 FY11
1,891
Q1 FY11
1,852
1,4821,439
Q4 FY10
1,747
1,333
Q3 FY10
1,686
1,300
Q2 FY10
1,591
1,209
Own Branches Franchisees
Continue to be among the leading players in the commodities
segment
4.9
4.4
4.94.5 4.5
Q1 FY11Q4 FY10Q3 FY10 Q2 FY11Q2 FY10
(%)Religare’s Market Share
Steady equity broking market share
3.9
3.6
3.4 3.53.6
Q2 FY11Q1 FY11Q4 FY10Q3 FY10Q2 FY10
Religare’s Market Share (%)
•Growing market share in broking business
•Powerful Research & Analytics
•Pan India presence
•Dedicated Corporate Desk
•Dedicated Arbitrage Desk
•Nationwide presence in Mandi Locations
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Brazil
South Africa
UK
Dubai
India
Singapore
Malaysia
Indonesia
Sri Lanka
Hong Kong
Japan
USA
Strategy is to create strong Global presence
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Precious Metals
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Highlights :
Gold is an inflation hedge – keeps purchasing power intact .
Gold / Silver is an Effective Portfolio diversifier - Helps to contain Portfolio Risk. Low / Negative co-relation with
major asset classes .
Gold / Silver is a Safe Haven in financial crisis – Solid Asset .
Investment demand on rise – globally hedge funds, Gold, Silver and mutual funds are driving up investment
demand for Gold and Silver for its safe haven qualities .
Increased global affluence and low global interest rates fuel demand for bullions.
Gold & Silver
GOLD & SILVER PRICE IN DOMESTIC MARKETS
Gold Prices (Rs.),
19057.30
Silver Price (Rs), 34622.17
0
10000
20000
30000
40000
50000
60000
1 9 7 3 - 7 4
1 9 7 4 - 7 5
1 9 7 5 - 7 6
1 9 7 6 - 7 7
1 9 7 7 - 7 8
1 9 7 8 - 7 9
1 9 7 9 - 8 0
1 9 8 0 - 8 1
1 9 8 1 - 8 2
1 9 8 2 - 8 3
1 9 8 3 - 8 4
1 9 8 4 - 8 5
1 9 8 5 - 8 6
1 9 8 6 - 8 7
1 9 8 7 - 8 8
1 9 8 8 - 8 9
1 9 8 9 - 9 0
1 9 9 0 - 9 1
1 9 9 1 - 9 2
1 9 9 2 - 9 3
1 9 9 3 - 9 4
1 9 9 4 - 9 5
1 9 9 5 - 9 6
1 9 9 6 - 9 7
1 9 9 7 - 9 8
1 9 9 8 - 9 9
1 9 9 9 - 0 0
2 0 0 0 - 0 1
2 0 0 1 - 0 2
2 0 0 2 - 0 3
2 0 0 3 - 0 4
2 0 0 4 - 0 5
2 0 0 5 - 0 6
2 0 0 6 - 0 7
2 0 0 7 - 0 8
2 0 0 8 - 0 9
2 0 0 9 - 1 0
2 0 1 0 - 1 1
R u p e e s
Gold Prices (Rs.) Silver Price (Rs)
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E-Series- An Introduction
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E-Gold & E-Silver
FEATURES GOLD SILVER
Contract Symbol E-Gold E-Silver
Trading Unit 1 gram 100 gram
Settlement T+2 T+2
Quality
Specifications
Grade 999 & Fitness
999
Grade 999 & Fitness
999Delivery
DenominationsMultiples of 8 gms & 10 gms Multiples of 100 gms & 1kg
Delivery Locations Delhi, Kolkata, Chennai, Hyderabad, Jaipur, Ahmedabad & Mumbai
E-GOLD & E-SILVER PRICES
1671 1749 1918 1897 1809 1929 1929 1988 2110
2701 28603017 2952 2922
3121 33613748
4410
1500
2500
3500
4500
5500
6500
7500
Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10
R u p e e s
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10
0.00
50.00
100.00
150.00
200.00
250.00
300.00
350.00
400.00
Copper Price* (in Rs)
0.00
20.00
40.00
60.00
80.00
100.00120.00
140.00
160.00
Zinc Price* (in Rs)
E-Copper & E-Zinc
E-Zinc
• Contract Symbol : E-ZINC
• Trading unit:1 unit of E-Zinc, equivalent to 1Kg of Zinc
• Minimum Quantity You can Buy: 1kg
• Settlement :T+2
• Quality Specifications :Zinc ingots of 99.995% purity
conforming to BS EN 1179:2003
• Delivery Denominations: Multiples of 25 Kgs
E-Copper
• Contract Symbol : E-COPPER
• Trading unit:1 unit of E-Copper, which is equivalent to 1 kg of
Copper
• Minimum Quantity You can Buy: 1Kg
• Settlement :T+2
• Quality Specifications : LME Grade A
• Delivery Denominations: Multiples of 60 Kg
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E-LEAD
E-Lead
• Contract Symbol : E-LEAD
• Trading unit:1 unit of E-Lead, equivalent to 1Kg of Lead
• Minimum Quantity You can Buy: 1kg
•
Settlement :T+2• Quality Specifications :Lead Ingots of 99.99% purity
• Delivery Denominations: Multiples of 24 Kg to 1MT 0.00
20.00
40.00
60.00
80.00
100.00
120.00
Lead Price* (in Rs)
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Why E-Series ?
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Parameter Jeweler Bank (bars / coins) Gold ETF NSEL E - GOLD
Purchase & sale Physical form Physical form Dematerialized form Dematerialized form
Pricing May differ from Jewelerto jeweler
May differ from Bank to Bank
Linked to Indian GoldPrices
Linked to Indian GoldPrices
Buying premium (above
Gold Price)Likely to be high Likely to be very High Likely to be low Low
Impurity risk May exist No Does not exist Does not exist
Annual recurring Expenses
(storage, insurance and
AMC)
High High High Low
Market timing 10 am - 7 pm 10 am - 5 pm 9 am - 3.30 pm 10 am -11.30 pm
Security of asset Investor responsible Investor responsibleTaken care of by Fund
House
Taken care of by
Exchange
Re – sale At substantial discount Banks do not buyback At transparent
secondary market prices
At transparent
secondary market
prices
Convenience of buying,
Storage and selling
Low-as physicalmovement & transfer
involved
Low-as physicalmovement & transfer
involved
High - totally demat High - totally demat
Delivery center Single Single Single Multiple
Product Comparison
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•Unique opportunity:
o Buy & Accumulate
o Hold in DPo Liquidate
o Convert into physical
•Hassle free buying & selling
•Hassle free D-mat storage
•Opportunity of taking physical delivery
•Use your holding for commodity futures trading margin
•Flexible investment option
•High liquidity•Hold for a day or years
•No deduction while selling
•Asset diversification opportunity
•Milestone planning (Ex- Child Education, Marriage etc)
•Simple, Accessible and affordable
•Gold, Silver improve stability and predictability of portfolio returns
The E-Series Edge
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How to go about it?
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Getting Started
• Opening commodity spot (NSEL) A/c along with Demat
• Account opening charge of Rs 500 only
• Margin:
• Existing commodity futures margin can be used.
• Deposit your margin through cheque/ online transfer.
• Execution of your order through commodities dealer or your Diet ODIN.
• T+2 Settlement.
Features
• Trade & Investment start with 1 gram in Gold, 100 gram in Silver
• Trade & Invest anytime as market timings are 10 a.m. to 11.30 p.m.
• Invest on daily/weekly/ monthly basis as per your wish• Intra day trading and netting is permitted, but short selling is not allowed.
• Get Gold/Silver in physical form for nominal charges
• Hassle free entry & exit
Who can participate:
• Investors
• Accumulators
• Importers & Exporters• Large scale Producers
• Arbitrage Clients
• Speculators
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*The above charges are as per exchange circular and are subjected to change as and when specified by the exchange and tax
authorities
Particulars Charges*
Brokerage 0.50% & 0.05%Service Tax on Brokerage 10.30%
Transaction Charges Rs 5 / lacs for intraday and Rs 10/Lacs for delivery
In Case of Physical Delivery Charges*
Making, packaging and refinery certification charges
Silver -Rs 200 per coin / bar up to 5 kg .
Nil for 30 kg bar
Gold - Rs 200 for each 8/10 gm. Rs 100 for each 100 gm.Nil for 1 kg bar
VAT / Sales Tax 1% Of Sale Value
C&F Charges (Clearing & Forwarding Charges) Not Applicable
Lifting ChargesRs 150 for Silver for every coin / bar
Rs 200 for Gold for every coin / bar
Applicable Charges – E-Gold & E-Silver
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*The above charges are as per exchange circular and are subjected to change as and when specified by the exchange and tax
authorities
Particulars Charges*
Brokerage 0.50% & 0.05%
Service Tax on Brokerage 10.30%
Transaction Charges Rs 5 / lacs for intraday and Rs 10/Lacs for delivery
In Case of Physical Delivery Charges*
Un-packaging
Copper - Rs 250 for every 60 kg & Nil for 2.5 MT
Zinc – Rs 50 for every 25 kg & Nil for 1 MT
Lead –
Rs 50 for every 24 Kg and Nil for 1 MTVAT / Sales Tax 5% Of Sale Value
C&F Charges (Clearing & Forwarding Charges) Not Applicable
Lifting Charges
Copper - Rs 500 for every 60 kg lifting
Zinc – Rs 500 for every 25 kg lifting
Lead – Rs 500 for every 24 Kg lifting
Unpacking Charges Rs 50- Rs 250
Applicable Charges – E-Copper, E-Zinc & E-Lead
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Product Unit Investment Range Investment Period *
Annualized
Return*- DailyMode
Annualized
Return*-Weekly Mode
Annualized
Return*-Fortnightly Mode
Annualized
Return*-Monthly Mode
E-Gold 1 gm Rs 2000-2500 275 days 13.32% 13.00% 13.28% 15.04%
E-Silver 100 gm Rs 4000-4500 275 days 54.26% 53.53% 54.54% 59.28%
E-Gold + E-
Silver1gm + 100 gm Rs 6000-7000 275 days 39.31% 38.75% 39.47% 43.37%
E-Gold + E-Silver
2gm + 100 gm Rs 9000-10000 275 days 39.31% 31.87% 32.46% 34.83%
E-Gold +E-Silver 1gm + 200 gm Rs 10000 - 12000 275 days 45.12% 44.49% 45.32% 46.62%
*-Price of 29th of Dec has been taken for return calculation
*-Investment period from 1st April 2010 to 29th Dec 2010
What do you Gain?
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Thank You!!