GIC MUTUAL FUND

testyechinoidManagement

Nov 18, 2013 (3 years and 6 months ago)

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GIC MUTUAL FUND



Investment Manager

GIC Asset Management Company Limited





GIC MUTUAL FUND

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MISSION STATEMENT





To provide prompt, responsive and conscientious
service to all investors.




To achieve the highest professional and ethical
standards in all areas of operations.




To achieve distinction as an innovative and quality
conscious

organisation.




To achieve optimum returns for the investor.


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GIC MUTUAL FUND

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INTRODUCTION



AS REQUIRED BY

THE SECURITIES & EXCHANGE BOARD OF INDIA

(MUTUAL FUNDS) REGULATIONS THE FUNDS OF GIC MUTUAL FUND
ARE MANAGED BY GIC ASSET MANAGEMENT CO. LTD. (GIC AMC)

GIC AMC WAS INCORPORTED IN 1993 BY

GENERAL INSURANCE CORPORATION OF INDIA, ITS FOUR
SUBSIDIARY COMPANI
ES AND GIC HOUSING FINANCE CO. LTD.


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GIC MUTUAL FUND

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SPONSORS




GENERAL INSURANCE CORPORATION OF

INDIA




NATIONAL INSURANCE COMPANY LIMITED



THE NEW INDIA ASSURANCE COMPANY LIMITED



THE ORIENTAL INSURANCE COMPANY LIMITED



UNITED INDIA INSURANCE COMPANY LIMITED


DEEMED SPONSOR

(w.e.f. 17.11.1997)





SC MANAGEMENT CO. INC (U.S.A)



(an affiliate of Soros F
und Management, USA)



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GIC MUTUAL FUND

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BOARD OF TRUSTEES


S
HRI M.K. SHARMA, Chairman

Vice Chairman, Hindustan Lever Ltd.


SHRI S. KANNAN

Joint Secretary (Retd.)

Ministry of Finance


SHRI V.C.VAIDYA

Ex
-
Chairman
-
cum
-
Managing Director

The New India Assurance Company Ltd.


SHRI M.K.TANDON

Managing Director, GIC


SHRI P.M.VENKATASUBRAMANIAN

Ex
-
Managing Director, GIC


SHRI TEJINDER SINGH LASCHAR

Additional Economic Adviser, Govt. of India,

Ministry of Finance, Department of Economic Affairs


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GIC MUTUAL FUND




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SCHEMES & FUND MANAGERS


OPEN
-
ENDED SCHEMES:


GIC Fortune ‘94

Mr. B.C.Modi

GIC D’MAT

Mr. Kishore Udiaver

GIC Growth Plus II

Ms. Priyanka Kaul

GIC Balanced Fund

Mr. Kishore Udiaver

CLOSE
-
ENDED SCHEMES:


GIC Growth Plus

Mr. M. Srinivas

GIC Tax Savers Growth Plan ‘94

Mr. M. Sr
inivas

GIC Tax Savers ‘95

Mr. M. Srinivas

GIC Suraksha ‘96

Mr. Prasad Akolkar


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GI
C MUTUAL FUND

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BOARD OF DIRECTORS OF GICAMC


SHRI D. SENGUPTA, Chairman

Chairman, GIC

SHRI C.S.SHROFF

Solicitor, M/s.Amarchand & Mangaldas &
Suresh A Shroff & Co.

SHRI S.V.HARIBHAKTI

Partner, M/s.Haribhakti & Co., Ch
artered
Accountants

Dr P.C.CHATTERJEE

Investment Specialist, Soros Fund
Management

SHRI V.H.PANDYA

Sr. Executive Director (Retd.) SEBI

SHRI M.RAGHAVENDRA

General Manager, GIC

SHRI DAVID N. KOWITZ

Investment Specialist, Soros Fund
Management

SHRI V.K.

CHAUDHRY

Alternate to Dr. P.C. Chatterjee

SHRI SRIRAM CHANDER

Alternate to Shri David N. Kowitz



SHRI A. R. PRABHU

Chief Executive




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GIC
MUTUAL FUND

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GICAMC

THE INVESTMENT MANAGER


The Schemes of GIC MUTUAL FUND are managed by GIC Asset Management
Company Ltd. (GICAMC). GICAMC was incorporated in May 1993.

The Rs. 20 crore equ
ity capital of GICAMC is held by :


GIC and Subsidiaries





49.5%

SC Management Co Inc. (USA)

(An affiliate of Soros Fund Management (SFM), USA)


40.0%

GIC Housing Finance Co. Ltd.



10.5%



Total


100.0%





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GIC MUTUAL FUND

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BRANCH NETWORK OF GICAMC


WESTERN REGION

NORTHERN REGION



AHMEDABAD


(Gujarat&Raj
asthan)



MUMBAI


(Mumbai City)



PUNE


(Maharashtra
-
Other than Mumbai)




NEW DELHI


(UP,MP & Delhi)



CHANDIGARH


(J&K, Punjab & Haryana)




EASTERN REGION

SOUTHERN REGION



CALCUTTA


(West Bengal, Orissa & North Eastern States)



PATNA


(Bih
ar)




HYDERABAD



(Andhra Pradesh)



BANGALORE


(Karnataka,Goa)



CHENNAI


(TamilNadu, Kerala)



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GIC MUTUAL FUND

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SCHEMES UNDER MANAGEMENT



Open
-
Ended Schemes:

A.

Equity Schemes




B.

Balanced Schemes



GIC Fortune ‘94

GIC Growth Plus II

GIC D’MAT


GIC Balanced Fund

Close
-
Ended Schemes:

A.

Debt Scheme



B. Tax S
aving Schemes




GIC Suraksha ‘96


GIC Growth Plus

GIC Tax Savers Growth Plan’94

GIC Tax Savers ‘95



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GIC MUTUAL FUND

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EXISTING OPEN
-
ENDED SCHEMES


PARTICULARS

GIC BALANCED FUND

(converted into open
-
ended from
31.03.2000)

GIC

GROWTH PLUS II

(Converted into open
ended from 23.4.98)

GI
C

FORTUNE ’94

GIC D’MAT

Corpus (Rs. Crores)

As on 30.09.2000



52.69


21.59


148.62


17.37

Unitholders

As on 30.09.2000


105808


15348


71451


4418

Nature of Scheme

INCOME
-
CUM
-
GROWTH

GROWTH

GROWTH

GROWTH

Date of allotment (IPO)

1.2.1993

1.2.1994

10.1.1
995

29.05.1999

Open
-
ended from

1.4.1996

1.2.1995

3.3.1995

01.09.1999

Dividends

1993
-
94
-

15.43%

(Annualised)

1994
-
95
-

18%

1999
-
2000

30%
-

Oct’99

15%
-

Jan 2000

-

1999
-
2000

10%
-

Aug 99

7.5%
-

Jan 2000







GIC MUTUAL FUND

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EXISTING CLOSE
-
ENDED SCHEMES


PARTICULARS

GIC

GROWTH PLUS

GIC

TAXSAVERS

GROWTH PLAN

GIC

TAXSAVER ’95


GIC SURAKSHA 96

Corpus (Rs. Crores)

As on 31.09.2000


31.83


18.70


6.75


18.65

Unitholders

As on 31.09.2000


53109


30153


10556


5494

Nature of Scheme

GROWTH (Tax Savings)

GROWTH (Tax Saving)

GROWTH (Tax Savings)

INCOME

Date of allotment (IPO)

31.3.1993

31.3.1994

3
1.3.1995

18.03.1996

Repurchases from

1.4.1996

1.4.1997

1.4.1998

18.03.1997

Redemption

31.3.2003

1.4.2004

1.4.2005

18.03.2001

Listed at Stock Exchanges

BOMBAY

BOMBAY
-
DELHI
-
CALCUTTA

BOMBAY


DELHI
-
CALCUTTA

NSE
-
DELHI
-
CALCUTTA

Income Distribution /

Acc
umulation

1993
-
94
-

8%

1994
-
95
-

15%

-

-

1996
-
97
-
14.5%

1997
-
98
-
14.5%

1998
-
99
-
13.00%

1999
-
2000


11%

2000

2001

10%



Value Addition

P.A. cover to the first
unitholder


10 times the
amount of investments,
subject to a maximum of
Rs. 1 lac Tax Be
nefits

P.A. cover for the first
unitholder
-

10 times the
amount of investment,
subject to a maximum of
Rs.1 lac for death &
permanent disability.

Tax Benefits

Tax benefits

P.A. cover to the first
unitholder.

10 times the amount of
investment.

Maximum cove
r of Rs. 3
lacs