Overview
Discover a comprehensive suite of financial services tailored to address your investment aspirations. With Alternative Investment Funds, explore unconventional pathways to wealth accumulation, diversifying your portfolio beyond traditional assets and potentially enhancing returns. Expand your investment horizons globally through our Global Investing strategies, gaining access to international markets and unlocking new avenues for growth.These investment vehicles adhere to the SEBI (Alternative Investment Funds) Regulations, 2012. AIFs can be formed as a company, Limited Liability Partnership (LLP), trust, etc.Whether you seek stable monthly income through our Monthly Income Plans (MIPs) or personalized investment management via our Portfolio Management Service, we offer solutions to suit your objectives. Additionally, secure your daughter's financial future with Sukanya Samriddhi Accounts, a government-backed savings scheme crafted to provide long-term security for young girls. Our commitment is to assist you in navigating the intricacies of investment with confidence and expertise.
Services
Global Investing
Monthly Income Plans (MIPs)
Portfolio Management Service
Sukanya Samriddhi Account
Unit Linked Insurance Plans
Asset Management Service
Wealth Desk & Small Case
Alternative Investment Fund
Types of AIFs in India
SEBI has categorised Alternative Investment Funds into 3 categories:
Category 1: These funds invest in SMEs, start-ups, and new economically viable businesses with high growth potential.
- Venture Capital Fund (VCF)
- Angel Funds
- Infrastructure Funds
- Angel Funds
- Infrastructure Funds
- Social Venture Funds
- Private Equity Funds
- Debt Funds
- Fund of Funds
Category 2:
- Hedge Funds
- Private Investment in Public Equity Fund (PIPE)
Category 3:
Global Investing
What is global investing?
Global investing involves investing in securities that originate all around the world. According to Charles Schwab , global allocation provides diversification benefits and is the pillar of wealth management. It can also help investors position your portfolio for long-term growth.
Why invest in global markets?
- Diversify your portfolio
- Risk diversification
- Better performance
- Invest in innovative companies
Monthly Income Plans (MIPs)
A monthly income plan (MIP) is a type of mutual fund that invests mainly in debt and equity securities with a mandate of producing cash flows and preserving capital. MIPs are designed for investors who want to receive a regular income from their investments while taking moderate risks. It is important to note that regular income is not guaranteed as it is subject to availability of surplus funds generated by the fund manager.
Key features of monthly income plans
- MIPs invest around 70% to 80% of their portfolio in debt instruments such as bonds, debentures, and money market instruments, and the remaining in equity and equity-related instruments.
- MIPs offer two options to investors: Dividend and Growth. In the dividend option, investors receive periodic pay-outs from the fund, whereas in the growth option, the returns are reinvested in the fund and reflected in the net asset value (NAV).
- MIPs do not guarantee a fixed or regular income, as the dividends are declared only when the fund has distributable surplus and the NAV is above the face value. The income may also vary depending on the market conditions and the fund performance.
- MIPs are suitable for investors who have a low to moderate risk appetite and a medium to long-term investment horizon. They can provide higher returns than fixed deposits and post office monthly income schemes, but lower than pure equity funds.
Portfolio Management Services
Portfolio management services or PMS offer customised investment solutions to investors to help them attain their financial goals. Portfolio management services construct investment portfolios across various investment options, and portfolio managers take care of the investment portfolio.
Portfolio management services help investors maximise returns over time by focusing on the time horizon, risk profile and investment objectives.
Types of Portfolio Management Services in India?
- Active Portfolio Management
- Passive Portfolio Management
- Discretionary Portfolio Management
- Non-Discretionary Portfolio Management
Sukanya Samriddhi Account
All You Need To Know
- Attractive interest rate of 8%, that is fully exempt from tax under section 80C.
- Minimum Rs. 250 can be invested in one financial year
- Maximum investment of Rs. 1,50,000 can be made in one financial year
- If the minimum amount of Rs 250 is not deposited in any financial year , a penalty of Rs 50/- will be charged
- Deposits in an account can be made till completion of 14 years, from the date of opening of the account
- The account shall mature on completion of 21 years from the date of opening of the account, provided that where the marriage of the account holder takes place before completion of such period of 21 years, the operation of the account shall not be permitted beyond the date of her marriage
- Passbook will be issued to customers.
- Withdrawal Facility
- To meet the financial requirements of the account holder for the purpose of higher education and marriage, account holder can avail partial withdrawal facility after attaining 18 years of age.
- If the beneficiary is married before maturity of account, account has to be closed.
- If the beneficiary is married before maturity of account, account has to be closed.
- A depositor can open and operate only one account in the name of a girl child under the scheme rules.
- Natural or legal guardian of a girl child are allowed to open the account for two girl children only.
Unit Linked Insurance Plan
A unit linked insurance plan (ULIP) is a multi-faceted product that offers both insurance coverage and investment exposure in equities or bonds. This product requires policyholders to make regular premium payments. Part of the premiums goes toward insurance coverage, while the remaining portion is pooled with assets from other policyholders and invested in either equities, bonds, or a combination of both.
KEY TAKEAWAYS
- A unit linked insurance plan is a product that offers a combination of insurance and investment payout.
- ULIP policyholders must make regular premium payments, which cover both the insurance coverage and the investment.
- ULIPs are frequently used to provide a range of payouts to their beneficiaries following their death.
- ULIPs often have a lock-in period in which the plan cannot be broken; if the plan is surrendered, there is often penalty fees and tax implications.
- The underlying risk of ULIPs is in the securities selected, and ULIPs can lose investment capital.
Asset Management Service
Asset management is the practice of increasing total wealth over time by acquiring, maintaining, and trading investments that have the potential to grow in value. Asset management professionals perform this service for others. They may also be called portfolio managers or financial advisors. Many work independently, while others work for an investment bank or other type of financial institution.
KEY TAKEAWAYS
- The goal of asset management is to maximize the value of an investment portfolio over time while maintaining an acceptable level of risk.
- Asset management as a service is generally provided by specialized firms to individuals, government entities, corporations, and institutional investors.
- Asset managers have a fiduciary responsibility to their clients to act in their best interests. They make decisions on behalf of their clients and are required to do so in good faith.
Wealth Desk & Small Case
How do Smallcase and WealthDesk investments work?
The curated portfolios in Smallcase work similar to active mutual funds, where a manager builds a fund based on a specific theme. You can analyse the fund’s and manager’s performance, risk and other parameters to invest or not. But they built these curated portfolios to give you more transparency and control over your investments. What does that mean?
In mutual funds, you get to look at the investments made by the manager at the month’s end. You don’t get to say anything about it and don’t control the investment decisions taken by the manager.
But in Smallcase, you get to look at investments in real time. Whenever the manager feels there need some updates in the fund, he sends the information to you. And you can decide whether to accept his suggestions in your portfolio. Sounds cool, right?
Drawbacks of investing in curated portfolios of Smallcase and WealthDesk
- Charges
- Tax
- Capital Required
- High Risk
FAQs
AIF management services can be offered only by SEBI registered entity under SEBI (Alternative Investment Funds) Regulations, 2012.
Unifi AIF funds are structured as determinant trusts. The tax is paid at the fund level and returns to the client are post-tax basis. Profits in the AIF are taxed at applicable capital gains tax rates as regards equity and market-linked instruments and at Maximum Marginal Rates for income from other sources like interest, dividends, processing fees etc.
SEC-registered partners and each account is secured upto $500K by Securities Investor Protection Corporation (SIPC) and upto $250K by Federal Deposit Insurance Corporation (FDIC)
Global Investments allows customers to invest and trade in multiple global stock markets via single access platform powered by SAXO Bank
The best type of MIP depends on your risk profile and income needs. Generally, conservative MIPs have lower equity exposure and lower volatility, while aggressive MIPs have higher equity exposure and higher returns potential.
The current interest rate is 8.4%, which is compounded annually. The interest rate is as governed by Ministry of Finance from time to time.
In case of unit linked pension / annuity plans, no partial withdrawal is allowed during the accumulation phase. However in other ULIPs partial withdrawals are allowed from the 5th year onwards.