1. Portfolio Management Services
Let the experts create wealth for you

2. Who are we?

3. About IIFL Wealth
IIFL Wealth is the newest member of the US$ 1.4 billion India Infoline Group. It is a one stop shop for all your investment needs
Largest placement of Nifty Linked debentures listed on a single day ( Rs 183 crores) in India
IIFL Wealth Management Limited is a wholly owned subsidiary of India Infoline Ltd; it’s a Private Wealth Management arm of India Infoline Limited
India Infoline Limited is one of the leading financial intermediaries and India's most popular website for business and investment. Our website has been rated as Best of the Web by Forbes under the Asia Investing category.
We have leveraged our content to create the India Infoline brand, which is synonymous with high quality and credible information on business and finance with the active participation of IIFL Wealth Management Limited

4. IIFL – A snapshot Listed on Bombay and National Stock Exchange
A SEBI registered Portfolio Manager
Also member of BSE, NSE, MCX, NCDEX and DGCX and Depository Participant with NSDL and CDSL
Pan India presence with over 750 branches spread across 350 cities with an employee strength of around 18,000
Products and
Services offered
Institutional Equities
Portfolio Management Services
Equity and Commodity Trading
Investment Banking
Insurance and Mutual Fund distribution
Distribution of Loans and Mortgage Products

5. The IIFL Story
2008
Introduced IIFL Wealth
2007
CLSA institutional equities team joins. Formed Singapore subsidiary IIFL (Asia)
Pvt. Ltd.
2006
Acquired membership of DGCX
2005
Debuted on the Indian Stock markets. Launched proprietary trading platform
Trader Terminal
2004
Acquired Commodities Broking License. Launched Portfolio Management Services
2000
Started distribution of personal financial products and life insurance distribution
as corporate agent. Launched online equity trading through
1999
Changed business model to embrace the Internet and launch
First round of capital raising from reputed private equity investors
1995
Incorporated as an Equity Research & Consulting firm. Client base included leading
FIIs, banks, consulting firms and corporates

6. Some of IIFL’s achievements
IIFL research acknowledged
by Forbes as “ Must Read for
investor in South Asia”
IIFL voted as the
“Best Broker in India”
at the Finance Asia
Country Awards
IIFL – first company
in India to foray into
online distribution of
Mutual Funds
Largest corporate agent for ICICI
Prudential Life Insurance Co
Beating ICICI Bank

7. IIFL’s Approach

8. Financial planning process
Evaluate Investment Objective – The investor’s investment objective forms the basis of deciding on the investment portfolio
Prepare Investment Policy – A portfolio mix is prepared keeping in mind the investment objective
Investment – Investment is made as the prepared portfolio mix
Review policy with client – The client is kept informed about the investment policy decided
Monitoring macro and micro factors – A constant watch is kept on the macro and micro economic factors that would impact the investment portfolio
Rebalance – From time to time the portfolio is realigned to factor in any new macro or micro development

9. Our stock picking process
Building the universe of stocks – Criteria like sales turnover, profitability, liquidity and company size help in generating the larger universe of stocks
A two step process of elimination and selection is carried out
Elimination –
Companies with poor operating outlook are eliminated
Companies whose current earnings do not look sustainable are eliminated
Companies with relatively weak management quality are taken off the list
Selection –
Out of the remaining companies left in the universe, companies with strong earnings growth, strong balance sheet and attractive valuation relative to its peers is selected
Universe of stocks chosen on criteria including Turnover, Profitability, Liquidity and Size
Elimination criteria
Poor operating outlook
Unsustainable or unpredictable earnings
Weak Management Quality
Overlap
Selection criteria
Earnings growth
Strong Balance Sheet
Relative valuation

10. Understanding the company Group review and decision
Our stock evaluation process
Once a stock passes through our stock picking process, we carry out a detailed quantitative and qualitative analysis of the same
Understanding the company
Group review and decision
Background research on
the company through
Annual reports, Analyst
presentations, News items
Discussion with
management using
conference calls, plant
visits and mgmt. meetings
Presentation of the idea by
the analyst to the investment
committee
Discussions in the
investment committee and
final decision
Idea Evaluation
Model and valuation
Qualitative analysis
Basic valuation model based
on internal revenue and
earnings forecasts
Studying absolute valuation,
relative valuation with
respect to peers and history
Assessment of quality of
numbers and growth story
Assessment of the
management of the company
shareholders

11. Our stock monitoring process
Once a stock is selected for investment, any news relating to the company and its industry is continuously monitored
On receipt of company specific news or key macroeconomic news the investment committee meets to discuss the implications of the same on the stock and the portfolio at large
The investment committee also meets every fortnight to review the stock and portfolio performance, discuss market outlook, macro & sectoral theme

12. Our PMS offering

13. USP of our Portfolio Management Services
Involves a disciplined approach to investment.
Charges Linked to Performance.
100% Transparency for all Clients.
Personalized services through a Dedicated Relationship Manager.
Need Based Customization.
Liquidity option to switch between Equity and Cash.
Well Diversified Portfolio Construction.

14. The IIFL Wealth PMS SEBI registered PMS
Portfolio managed by qualified and well experienced Fund Manager with a proven track record
Personalized and hassle free operations
Focus on aggressive returns with conservative approach in mind for capital protection
Our schemes
All schemes, including ‘Customized’ option
NRI /Momentum / Growth
Discretionary and Non-discretionary Solutions
Planning & Advice to execution
Product breadth
Access & Delivery
Powered by world class research
Prestige & Recognition
Discretion & Privacy
Security & Trust
Exclusive access to a private network
Tangible
Intangible
Customer

15. Our Basket of offerings
Discretionary Option
Growth Portfolio
Momentum Portfolio
NRI Portfolio

16. Growth Portfolio
To generate capital appreciation through investment, with a long-term perspective
Focused on medium to large capitalisation companies
Emphasis on fundamentally sound, well researched blue chip companies perceived
to be undervalued from the point of view of their long term growth prospects.
Aimed at medium risk taking investors willing to invest in companies over a long-
term period.

17. Momentum Portfolio
To generate capital appreciation through short to medium term investments
The investment choice is influenced by technical factors like price and volume
indicators, RSI, MACD, and other studies.
Investments across companies and sectors that have the potential to generate
adequate returns
Aimed at higher risk taking investors with a short to medium term perspective.

18. NRI Portfolio
To generate capital appreciation through investments with a long-term perspective.
Focused on medium to large capitalisation companies
Aimed at medium risk taking investors willing to invest in companies over a long-
term period.

19. Our performance Growth and Momentum
Period of Comparison: 2nd August 2004 to 14th July 2008.

20. The Investment Team

21. Prashasta Seth is a graduate of  IIT Kanpur and IIM Ahmedabad
He has 8 years experience in the financial services industry
Before joining IIFL he was the Chief Investment Officer at Ajour Investment Advisors advising clients on direct equity and Mutual funds
He has also been head of research at Irevna Research Services (a CRISIL subsidiary)
He has also been an Analyst at Structured Credit Products group, JP Morgan, London
Vikash Singh is a Chartered Accountant and MBA (Finance) from SP Jain
He is pursuing his CFA degree from AIMR, USA
He has a Bachelor’s Degree in Commerce from St. Xavier’s College, Calcutta
Prior to joining IIFL, he was working for JP Morgan Investment Banking Research team in Mumbai as a research analyst for the transportation sector, identifying undervalued companies for potential M&A
Aniruddha Sarkar holds his MBA in finance from IMI, New Delhi
He has a Bachelor’s degree in Commerce from St. Xavier’s College, Calcutta
He has equity research experience, tracking the real estate, telecom and financial services sector
He has also been involved in consulting a major financial group in UAE for their Investment and Commercial banking foray

22. Operation – How the system works

23. How the system works
Non-pool account system, Scheme wise Bank, DP, Broking Account.
Agreement with the leading custodial HDFC Bank for PMS Transactions
Bank and Demat accounts opened in the name of our PMS schemes at HDFC Bank
Internally, sub-accounts maintained for all clients under a particular portfolio scheme
Managed on Model Portfolio Concept.
Online access to check out latest portfolio positions.
Customized statements sent every fortnightly that includes:
Holding statement
Transaction statement
Realised gain/loss statement for taxation purpose
Performance summary of portfolio
Corporate Action Report.

24. Login Page

25. Client NAV

26. Corporate Action

27. Sample Holding Statement

28. Realised Gain/Loss Statement

29. Transaction Statement

30. Our Fee structure

31. We charge very competitive fees
Asset Management Charges (AMC) are levied as under:
2% yearly AMC Fees
1% Entry Load
Management Fee
Performance Fee
Performance Fees:
0% - 10% : None
Above 10% : 20% of the excess return over 10%
Charged on 31st March every year or on closure of account, whichever is earlier
Note
Brokerage: 0.40% - Growth & Momentum
Statutory levies and custodial charges would be levied in addition to above

32. Disclaimer & Risk Factors
1. The above details of NCDs are as intimated by the issuer and are only indicative. The Issuer may issue NCDs with modifications to the above mentioned details and the Portfolio Manager reserves the right to either accept or reject it. Final terms will be conveyed in the account statement.
2. However, Portfolio Manager may at its discretion decide not to apply to these NCDs and return the funds to various Investors, in case:
a. There is any change in the terms of Reference Index Linked Return,
b. In the opinion of the portfolio manager the total application amount received under this Series does not justify investment in the NCDs, etc.
3. If the issuer decides not to issue / allot the NCDs due to such reasons as it deems fit, no Issue / allotment of NCDs will be made.
4. If the Issuer chooses to extend the issue opening date/issue closing date/ date of allotment of the NCDs, the portfolio manager retains the right to subscribe to the NCDs as per the new dates as determined by the Issuer.
5. CRISIL is likely to assign a credit rating of ‘AAAr/Negative’ to the proposed issue of Debentures. The ‘AAAr’ rating indicates that the degree of safety with regard to timely payment of financial obligations on the instrument is highest. The 'r' suffix indicates that payments on the rated instrument have significant risks other than credit risk. The terms of the instrument specify that the payments to investors will not be fixed, and could be linked to one or more external variables such as commodity prices, equity indices, or foreign exchange rates. This could result in variability in payments - including possible material loss of principal - because of adverse movement in value of the external variables. The risk of such adverse movement in price / value is not addressed by the rating. The credit rating assigned to the NCDs are a reflection of the rating agency’s assessment of the Issuers ability to pay its obligations and may not reflect the potential impact of all risks related to structure, market or other factors effecting the value of the Debentures. The rating may be subject to revision or withdrawal at any time by the rating agency on the basis of new information. Each rating should be evaluated independently of any other rating. The rating agency has a right to suspend or withdraw the rating at any time on the basis of new information, etc.
6. The final date of allotment, Scheduled Valuation Date and Redemption & Maturity Date will be intimated to Investors.
7. Early Redemption for Extraordinary Reason, Illegality and Force Majeure If, for reasons beyond the control of the Issuer, the performance of the Issuer’s obligations under the Debentures is prevented by reason of force majeure including but not limited to an act of state or situations beyond the reasonable control of the Issuer, occurring after such obligation is entered into, or has become illegal or impossible in whole or in part or in the exercising its rights, or upon occurrence of Nationalisation or De-listing Event, Insolvency Event, Insolvency Filing Event, the Issuer may at its discretion and without obligation redeem all but not some of the Debentures, by giving notice of not less than five (05) Business Days to the Debenture-holders which notice shall be irrevocable and shall specify the date upon which the Debentures shall be redeemed, (such date on which the Debentures become immediately due and payable, the "Early Redemption Date"). If the Debentures are so redeemed, the Issuer will, if and to the extent permitted by applicable law, pay to each Debenture-holder in respect of each Debenture held by such holder an amount equal to the Early Redemption Amount (as decided by issuer) of a Debenture notwithstanding the illegality or impracticability as determined by the Issuer in its sole and absolute discretion. In such an event upon receipt of the redemption amount from the issuer the portfolio manager will pay the amount to the investors within a reasonable period of time.
Business Day Convention: If the day which would otherwise be the Scheduled Valuation Date/Observation Date, is a Disrupted Day, then the relevant Scheduled Valuation Date/Observation Date shall be the first succeeding Scheduled Trading Day that is not a Disrupted Day, unless each of the eight (08) Scheduled Trading Days immediately following the Scheduled Valuation Date/Observation Date is a Disrupted Day. In that case (a) that eighth Scheduled Trading Day shall be deemed to be the relevant Scheduled Valuation Date/Observation Date (notwithstanding the fact that such day is a Disrupted Day) and (b) the issuer shall determine the level of the Reference Index as of the Observation Time on that eighth Scheduled Trading Day in accordance with the formula for and method of calculating the Reference Index last in effect prior to the occurrence of the first Disrupted Day using the Exchange traded or quoted price as of the Observation Time on that eighth Scheduled Trading Day of each security comprising the Reference Index (or, if an event giving rise to a Disrupted Day has occurred in respect of the relevant security on that eighth Scheduled Trading Day, its good faith estimate of the value for the relevant security as of the Valuation Time on that eighth Scheduled Trading Day).

33. Disclaimer & Risk Factors
The Scheme, presently offered by the Portfolio Manager is subject to following risk factors:
Market Risk: The Portfolio Valuation of the Scheme will react to the stock market movements. The investor could lose money over short periods due to fluctuation in the Portfolio Valuation of Scheme in response to factors such as economic and political developments, changes in interest rates and perceived trends in stock market movements and over longer periods during market downturns.
Market Trading Risks: Absence of Prior Active Market: Although Securities would be listed on the Exchange(s), there can be no assurance that an active secondary market will develop or be maintained. Due to this the NCDs may quote below it’s Face Value.
Asset Class Risk: The returns from the types of securities in which a Portfolio Manager invest may under perform returns from the various general securities markets or different asset classes. Different types of securities tend to go through cycles of out-performance and under performance in comparison of the general securities markets.
Lending of Securities: The securities lending activity, if any, by the Portfolio Manager on behalf of the Client will have the inherent probability of collateral value drastically falling in time of strong downward market trends or due to it being comprised of tainted/forged securities, resulting in inadequate value of collateral until such time as that diminution in value is replenished by additional security. It is also possible that the borrowing party and/or the approved intermediary may suddenly suffer severe business setback and become unable to honor its commitments. This along with a simultaneous fall in value of collateral would render potential loss to the Scheme. Also the risk could be in the form of non-availability of ready stock for sale during the period stock is lent.
Credit Risk: Credit Risk refers to the risk that an issuer of the NCDs may default or may be unable to make timely payments of principal and interest. Portfolio Valuation of Securities of the Scheme is also affected because of the perceived level of credit risk as well as actual event of default. In case the issuer defaults, the Client may fail to receive the principal amount.
Illiquidity Risk: The corporate debt market is relatively illiquid vis-à-vis the government securities market. There could therefore be difficulties in exiting from corporate bonds in times of uncertainties. Further, liquidity may occur only in specific lot sizes. Liquidity in a security can therefore suffer. Even though the Government Securities market is more liquid compared to that of other debt instruments, on occasions, there could be difficulties in transacting in the market due to extreme volatility or unusual constriction in market volumes or on occasions when an unusually large transaction has to be put through. Trading in specified debt securities on the Market may be halted because of market conditions or for reasons that in the view of the Market Authorities or SEBI, trading in the specified Debt security is not advisable. There can be no assurance that the requirements of the Securities Market necessary to maintain the listing of specified debt security will continue to be met or will remain unchanged. In case of any withdrawal before the maturity period of the Scheme, if the Portfolio Manager is not able to sell the Security then the Portfolio Manager would transfer securities pertaining to the investor to his/her Demat account.
Zero Return Risk: Returns on investments undertaken in structured securities would depend on occurrence / non occurrence of specified events. Thus, returns may or may not accrue to an investor depending on the occurrence / non - occurrence of the specified event.
Force Majeure: If, for reasons beyond the control of the Issuer, the performance of the Issuer’s obligations under the NCDs is prevented by reason of force majeure including but not limited to an act of state or situations beyond the reasonable control of the Issuer, occurring after such obligation is entered into, or has become illegal or impossible in whole or in part or in the exercising of its rights, the Issuer may at its discretion and without obligation to do so, redeem and/or arrange for the purchase of all or some of the NCD.
GENERAL RISK FACTORS:
1. Securities investments are subject to market risks and there can be no assurance or guarantee that the objective of any of the Scheme under the Portfolio Management Service (PMS) will be achieved. 2. As with any investment in securities, the Net Asset Value (NAV) / Portfolio Valuation of the portfolio under the PMS can go up or down depending on the factors and forces affecting the capital market. 3. Past performance of the Portfolio Manager does not indicate the future performance of the same Scheme in future or any other Scheme(s) of the Portfolio Manager. 4. IIFL Wealth Management – Twenty 20, is only the name of the Scheme and does not in any manner indicate either the quality of the Scheme or its future prospects and returns. Client is therefore urged to study the Disclosure Document and the Agreement carefully and consult their Investment Advisor, if any, before they enter into Portfolio Management Agreement. 5. The Portfolio Manager is not responsible or liable for any loss or shortfall resulting from the operation of the Scheme. 6. Investors in the Scheme are not being offered any guaranteed or assured returns. 7. Because of halt of trading in market the portfolio may not be able to achieve the stated objective. 8. The terms are intended for discussion purposes only and are subject to final expression of the terms of the transactions set for in the definitive offer document of this Scheme. 9. The Terms of offer and information contained herein is believed to be reliable as it is sourced from the issuer of the security and any subsequent modification by the issuer in the terms of security would have an impact on the terms as mentioned herein. Hence, investors are advised to study the final terms of this Scheme before investing in the Scheme.

34. IT’S ALL ABOUT MONEY. HONEY!
THANK YOU
IT’S ALL ABOUT MONEY. HONEY!