Client Desk
The Client Desk is a premium offering for our clients which consolidates entire wealth/portfolio information, covering every major financial /non-financial product, for an entire family or an organization. The access to the Client Desk is given through an highly secured, unique login-id and password to every client.
The information inside the desk is updated on a daily basis and all transactions done through us are automatically updated so that clients need not make any entries. The Client Desk empowers you by keeping you updated & informed, anytime any where – through online access or through a mobile application.
MARS
One of the key challenges of managing a portfolio is to regularly monitor and adjust the portfolio on an ongoing basis as per your risk profile and in line with market movements. However, most advisors fail to do so as it involves making multiple transactions frequently in a time bound manner. We have a unique offering for our NJ E-Wealth A/c Clients called as 'MARS' that very effectively gives the answer to this problem.
MARS is a technology powered tool which helps in managing asset allocation through periodic rebalancing of portfolio which involves a research & logic driven scheme selection process. With two broad asset allocation offerings – Dynamic & Fixed, MARS is the answer to client worries on portfolio management.
NJ E-Wealth A/c Service
As a client of our NJ E-Wealth A/c service you can enjoy some big, tangible benefits. You can do hassle, worry and error free transactions in a very easy, time and cost effective manner – any time, any where.
We offer easy transaction facility and few very unique services for mutual fund transactions in our NJ E-Wealth A/c service, as given below.
- Fresh Purchase /Additional Purchase / Redemptions / Switch Transactions
- SIP and STP registration
- NFO – Purchase, Switch and SIP Registration
- Equity Stock SIP registration
- Equity and Debt IPOs Application
- Comprehensive reports
What's more, we offer multiple modes of doing transactions as listed below...
- Mobile: Transact through application on your mobile
- Online Desk: Transact through online Trading Account Desk
- Phone: Call and transact through your phone
- Offline: Transact through physical instructions
Specialised Investment Funds (SIFs)
Key Features of SIFs
- Minimum Investment: Generally requires a minimum investment of ₹10 lakh per investor across SIF strategies within one AMC, unless the investor is a SEBI-defined accredited investor.
- Target Audience: Designed for high net-worth individuals (HNIs), experienced investors, and institutions comfortable with market complexities, higher risk, and lower liquidity than traditional mutual funds.
- Regulatory Framework: SIFs are regulated under existing SEBI Mutual Fund Regulations.
- Investment Strategies: Fund managers have greater flexibility for advanced techniques, including long-short positions (using derivatives up to 25% of net assets), sector rotation, and dynamic asset allocation.
- Liquidity: Generally lower than traditional mutual funds, with variable redemption frequencies and potential notice periods.
- Taxation: SIFs have a tax structure similar to mutual funds, with pass-through taxation.
Who Should Consider SIFs
Alternative Investment Fund (AIF)
Key Features of SIFs
AIFs pool funds from multiple investors to invest in alternative assets such as private equity, real estate, and hedge funds. In India, AIFs are regulated by SEBI under specific regulations. They are typically for accredited investors with high minimum investment requirements and are often close-ended with lock-in periods, making them less liquid than mutual funds. AIFs are managed by professionals using specific investment strategies.
AIFs are categorized by their investment strategies and risk profiles:
Category I AIFs: Invest in government-supported sectors like venture capital, SMEs, social ventures, and infrastructure.
Category II AIFs: Include funds like private equity, debt, real estate, and fund of funds, typically without significant leverage.
Category III AIFs: Employ complex strategies, including leverage and derivatives, for short-term, high returns, such as hedge funds and PIPE funds.
GIFT CITY
- Structure: These funds can be structured as offshore funds, feeder funds, or direct funds that invest in global assets like international equities, debt, and derivatives.
- Regulation: They are regulated by the IFSCA, which is part of India's International Financial Services Centre (IFSC).
- Investment access: They provide a more direct and streamlined way for Indian residents and NRIs to invest in international markets through a regulated hub within India.
- Currency: Many funds are USD-denominated, simplifying currency management for international investments.
Types of funds: The offerings include a range of products such as:
- Mutual funds (including Feeder Funds and Fund of Funds)
- Alternative Investment Funds (AIFs)
- Portfolio Management Services (PMS)
- Global Equity Funds
Tax efficiency: They can offer tax advantages, particularly for NRIs, through structures that aim to reduce costs and taxes compared to other methods of international investing.
How they work
- Fund management entities are established within GIFT City's IFSC and are registered with the IFSCA.
- These entities offer various financial products that invest in global assets, often by investing in international ETFs or directly holding global stocks.
- For example, a "feeder fund" might invest in a master fund that holds global assets, while a "direct fund" would own the global stocks itself.
Examples of GIFT City funds
- DSP Global Equity Fund: A retail fund that directly invests in a diversified portfolio of global companies across markets like the US, Europe, and Asia.
- PPFAS Global Funds: These funds invest in accumulating ETFs/UCITS that track indices like the S&P 500 and NASDAQ 100.
- Tata Asset Management IFSC Investment: This is an example of a feeder fund that invests in a portfolio of Indian mutual funds and ETFs, aiming to generate capital appreciation.