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PORTFOLIO ADVISORY SERVICE for NRI Clients

PORTFOLIO ADVISORY SERVICE for NRI Clients. ABOUT US. Promoted in May 1990, PN Vijay Financial Services (P) Ltd (PNVF) is a SEBI-Authorized Portfolio Manager. P N Vijay, the promoter of PNVF is a well known Investment Analyst with an experience of over 35 years in the financial sector.

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PORTFOLIO ADVISORY SERVICE for NRI Clients

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  1. PORTFOLIO ADVISORY SERVICEfor NRI Clients

  2. ABOUT US • Promoted in May 1990, PN Vijay Financial Services (P) Ltd (PNVF) is a SEBI-Authorized Portfolio Manager. • P N Vijay, the promoter of PNVF is a well known Investment Analyst with an experience of over 35 years in the financial sector. • Started career at SBI, moved on to ANZ Grindlays, and served as VP and Country Head, Merchant Banking at Citibank. PNVF - NRI Services

  3. PNVF Credentials • Corporate Office in New Delhi and a network of officers all over India. • Qualified professionals well versed in latest techniques of investment analysis. • Latest communication and automation systems with access to real time data. • Close links with Corporates and leading market players. PNVF - NRI Services

  4. Wealth Advisory Service • Portfolio Management Service – Equity • Portfolio Advisory Service – Mutual Funds PNVF - NRI Services

  5. Portfolio Management Service - Equity • Discretionary Portfolio Advisory Service • For Corporates and High Net-worth Individuals • Investment in Stocks • Minimum Investible funds (stock/cash): Rs.25 lacs • Customized Portfolio designed after ascertaining the risk return profile of the client • Investment horizon of one year and above PNVF - NRI Services

  6. Procedure for PMS-NRIs • Client enters into Portfolio Advisory Agreement With PNVF • Client acknowledges Disclosure document. • Opens Broking Account With K&A Securities our Designated Broker • Opens separate NRE Account with Axis Bank ( our designated bank) . • Gives Mandate to PNVF to operate Bank and Broker accounts PNVF - NRI Services

  7. Procedure for PMS-NRIs • Once the NRE account is opened, NRI can wire the remittance into his Axis Bank account. • The PMS will get activated from then on. • Client will receive Monthly Reports on Portfolio Performance, Holdings, transactions, etc by e mail • During the relationship RMs will keep in touch with NRIs. • Our Relationship Managers will take care of all this documentation PNVF - NRI Services

  8. Charges Fees • Fixed Fee Option The advisory fees payable would be 2 percent (of the value of the portfolio) per annum. (The minimum portfolio size under this service is Rs 25 lakhs). PNVF - NRI Services

  9. Charges Fees • Profit sharing Option PNVF will receive as share profit 30% of the profits in excess of 10% per annum. Profits would mean the sum of realized gains, unrealized gains and dividends received. Service tax will be borne by the client. • A non refundable fee of 0.5% to be adjusted against PNVF profit share • (Brokerage, Depository and Bank Charges extra) PNVF - NRI Services

  10. Client Reporting PNVF has got a very effective and prompt system of reporting in place. Our monthly report contains: • Account performance summarizing returns generated in the client’s portfolio. • Composition and the value of the portfolio- Description of security, number of securities, value of each security held in the portfolio. • Realised and unrealised income. • Transaction statement. PNVF - NRI Services

  11. Client Reporting • Clients gets all his contract notes directly into his registered email from the broker. • A Relationship Manager will be available for assistance at all times. PNVF - NRI Services

  12. Taxation- Equity • Dividend income is tax free in the hands of investor. • Short term capital gains is taxed at 15% . • Long term capital gains attract no tax. • For NRIs the bank deducts a Tax Deducted at source of 10.2% and gives a Tax Deduction Certificate at the end of the Financial Year PNVF - NRI Services

  13. Portfolio Advisory Services Mutual Funds

  14. Mutual Fund Choices Wide range of products to choose from including • Equity Mutual Funds-Diversified, Sector specific, Tax saving and Index. • Debt Mutual Funds-Income , Short term, Medium term , Floating rate,Gilt fund. • Hybrid Funds -Equity oriented- Balanced fund. -Debt oriented -Monthly Income plan. PNVF - NRI Services

  15. Our Mutual Fund Product PNVF offers a product that will manage and monitor your mutual fund portfolio minimizing risk and maximizing returns. PNVF - NRI Services

  16. How It Works-Initial Stage • Client defines his investment goals • PNVF design a mutual fund portfolio based on your investment objectives. • PNVF will implement the agreed upon strategy to optimize your portfolio returns. PNVF - NRI Services

  17. Tax Implications Debt Mutual Funds • The dividend is fully tax exempt in the hands of investor. • Dividend distribution tax at the rate of 14.02% is deducted by Mutual Fund Houses. • Lower Tax Regime From 2003-04- TDS applicable on Long term Capital Gain is 22.44%. • TDS applicable on Short term Capital Gain is 33.44%. PNVF - NRI Services

  18. Tax Implications Equity Mutual Funds • In equity oriented schemes the benefits are higher. • The dividend is fully tax exempt in the hands of investor. • So are the long term capital gains. No TDS • Only short term capital gains tax is applicable at 15% as TDS. PNVF - NRI Services

  19. How It Works-Continuous basis • Continuous monitoring of the performance and progress of portfolio. • Regular monthly reporting. • Refine strategy if required and portfolio rebalancing. • Prompt implementation of the strategy so your money does not stay idle. PNVF - NRI Services

  20. Procedures • Client will open an NRE account with Axis Bank and wire the Funds into India. • These funds will be utilized for mutual fund investment in India. • P.N.Vijay Financial Services will decide the strategy for investments. • Client gives Bank Mandate to PNVF which will also serve for Mutual Fund applications PNVF - NRI Services

  21. Contact Us • Email: contact@askpnvijay.com • SMS : PNVF to 56070 • Call: 91-11-23350838/39 PNVF - NRI Services

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