anju project
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ACKNOWLEDGEMENTI take this opportunity to acknowledge the efforts of many individuals who
helped me make this project possible. First and foremost, I would like to thank
Mr. Jyotirmoy Panda, Branch Manager, CC Ban! for allowing me totake summer training from his bank. I would like to express y heartfelt
appreciation and gratitude to my nd"#try G"ide and mentor, Mr. Chandan
Cho"dhary, Wea$th Manager, CC Ban!. His vision and execution aimed
at creating a structure definition, and realism around the project fostered the
ideal environment for me to learn and meetings he had with me, despite his
busy schedule. He has helped in providing the scope in a manner to make it
most beneficial to me and to the company.
I am immensely thankful to Mi## Li%a K"mari, &a$e# Manager ICICI ank
for giving me the opportunity to carry out my project work in this esteemed
organi!ation.
I also thank the 'a"$ty Mentor Dr.(.K.&haran for his patience and advice
during the making of the project and kind support from time to time. "he
project would have been impossible without his expert guidance.
I would also like to thank to )a!ir *"##ain n#tit"te + a$$ the ac"$ty
mem-er# o the in#tit"te, for providing me the opportunity to do a project
with CC Ban!.
#ast but not the least I am specially thankful to Mr. *emchandra Tiari, a
senior faculty member of /.K.&.0, Ara in 'ac"$ty o Management &cience,
for his valuable suggestion and support.
$ext I would like to express my gratitude to my 1arent# without whom the project work would not have been the light of the day. #ast but not the least, I
would like to thank all the staff of ICICI ank, I worked on for their kind
support during the intern.
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DECLA(ATON
I do hereby declare that the dissertation report
entitled, &A Pro2ect (e1ort On Wea$th
Management o CC Ban!3 is submitted by me
without picking up extracts from already published
data. It is not published and is done for the purpose of 'ummer internship with ICICI ank.
(n
ju )umari
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CONTENT& PAGE NO.
E4ec"ti5e &"mmary 6
7. O-2ecti5e o the Pro2ect 8
9. Com1any Proi$e :
;. *i#tory <
6. ntrod"ction 778. Wea$th Management 7=
:. CC -an! ea$th management gro"1 9;
=. '"nction o CC BANK ea$th management 96
>. Com1ari#on o CC -an! ith other -an!# ;:
6
(eerence >=
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E@EC0T/E &0MMA(
"his project was carried out in CC Ban!, Patna. "he
project title was A Pro2ect (e1ort On Wea$th
Management o CC Ban!. "he project speaks about
the -ealth management. (n introduction of -ealth
anagement and its scene in the country. I have described in
brief the CC Ban! Wea$th Management Gro"1 and its
Functioning.
$ext comes how -ealth anagement /roup Functions are
different from that of *&BC Ban! and Citi Ban!.
Further, I dealt with product and service provides by ICICI
ank.
$ext topics which are dealt are Fidelity International 0
1rincipal Financial /roup.
(t last come survey work and its analysis and conclusion.
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OBJECT/E O' T*E P(OJECT
Here in this project I have taken objective as to study and
understand how wealth management group of ICICI ank
functions. How they differ from other banks like H'C
ank, Citi ank etc. and what are the products provided by
them. (part from his I have even tried to focus on how
wealth management is gaining importance day by day.
esides this I have given due consideration to how
customers are benefiting from wealth management. esides
this I have even kept objective to learn about /lobal utual
Fund3under this I have mentioned two which are
4a5 fidelity 4b5 1rincipal Financial /roup.
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COMPAN P(O'LE
ICICI ank is India7s second3largest bank with total assets of
8s. +,229.6: billion 4;'< =>billion5 at arch +%, *??= and
profit after tax of 8s. +%.%? billion for fiscal *??=. ICICI
ank is the most valuable bank in India in terms of market
capitali!ation and is ranked third amongst all the companies
listed on the Indian stock exchanges in terms of free float
market capitali!ation. "he ank has a network of about >6?
branches an +,+?? ("s in India and presence in %=
countries. ICICI ank offers a wide range of banking
product and financial services to corporate and retail
customers through a variety of delivery channels and
through its speciali!ed subsidiaries and affiliates in the areas
of investment banking, life and no3life insurance, venture
capital and asset management.
"he ank currently has subsidiaries in the ;nited )ingdom,
8ussia and Canada, branches in 'ingapore, ahrain, Hong
)ong, 'ri #anka and @ubai International Finance Centre and
representative offices in the ;nited 'tates, ;nited (rab
Amirates, China, 'outh (frica, angladesh, "hailand,
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alaysia and Indonesia. Bur ;) subsidiary has established
a branch in elgium.
ICICI ank7s euity shares are listed in India on ombay'tock Axchange and the $ational 'tock Axchange of India
#imited and its (merican @epositary 8eceipts 4(@8s5 are
listed on the $ew Dork 'tock Axchange 4$D'A5.
Bn 2th Euly7 ?= ICICI ank in association with Eewellery
major /itanjali /roup 4which manages brands of diamond
jewellery like /ili, $akshatra, (smi, 'angini, @7damas etc.5
has launched India7s first Eewellery Card which is first
comprehensive and powerful Eewellery.
Credit Card having exclusive purchase and lifestyle benefit.
=
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:
CC /ent"reCC Lom-ard
Genera$ n#"rance
Com1any
CC &ec"ritie#
CC Ban! Ltd
Pr"dentia$
CC AMC + Tr"#t
CC
Pr"dentia$
Lie n#"rance
Com1any
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&tr"ct"re o CC Gro"1
*&TO(
ICICI 4nd"#tria$ Credit and n5e#tment Cor1oration o
ndia5 was established by the /overnment of India in %>66
as a Financial Institution 4FI, other such institutions were
I@I, 'I@I5 with the objective to finance large industrial
projects. ICICI was not a bank it could not take retail
deposits and not was it reuired to comply with Indian
banking reuirements for liuid reserves. ICICI borrowed
funds from many multilateral agencies such as the -orld
ank5, often at concessional rates. "hese funds were
deployed in large corporate loans. (ll this changed in %>>2
when ICICI founded a separate legal entity G CC Ban!
which undertook normal banking operations3taking deposits,
credit cards, car loans etc. ICICI7s shareholding in ICICI
ank was reduced to 29 through a public offering of share
in India in fiscal %>>:. "he experiment was so successful
that ICICI merged into ICICI ank 4reverse merger5 in
*??*. It is the first Indian company and bank to be listed on
$D'A by euity offering through (@8s in *???. Bne (@8
is eual to two shares of ICICI ank. ICICI ank has the
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largest market share among all banks in retail or consumer
financing. It is the largest issuer of credit cards in India. It
was the first bank to offer a wide network of ("s and hadthe largest network of ("s till *??6, before 'I caught up
with it. ICICI ank now has the largest market value of all
banks in India, and is widely seen as a sophisticated bank
able to take on many global banks in Indian arket.
NT(OD0CTON
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-hat can an individual and families do to protect and grow
their wealth, share it with others, enjoy financial security,and build lasting personal and family legacies based on it
Affective wealth management is much more about how well
one manages than it is about how much one manages.
-ealth management is bout more than investing, through
that is an important part. oney, family and community are
invariably bound together. 1eople pay taxes, save, spend,
support philanthropic causes, and transfer wealth to their
heirs. 'uccessful wealth management involves the integrated
and effective management of all these components.
T(AN&TON&
'ome people build their wealth by saving money a little bit
each month and managing it with the goal of having
financial security in retirement. Aven after years of
accumulating financial assets, working with advisors, and
experiencing the volatility of financial markets, they are still
uncomfortable with how their assets are managed and are
looking for better ways to achieve their goals.
Bthers achieve financial independence in sudden and
sometimes difficult and tumultuous ways. "heir transitions
to wealth are abrupt and often stressful. 'ome sell a business
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into which they had poured their entire savings. 'ome retire
with a pension that they are now responsible for managing.
Bne of the biggest sudden and high3stress circumstances for coming into wealth is the death of a parent. In many of these
circumstances, people will not be prepared to take on the
responsibility of their new wealth, and the event itself will
often come as a surprise.
uilding wealth and conserving it takes time, and it
demands considered action.
"herefore before taking assistance of any professional
advisor one needs to do homework first, which is to translate
its values into financial goals.
T(AN&LATNG /AL0E& NTO 'NANCAL GOAL&
ItJs important that a personJs financial goals speak and
reinforce its value. Bne is more likely to achieve its goals3
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and more importantly, to gain true satisfaction3if a personJs
financial goals and values are aligned. For that one needs to
answer the below mentioned %? 4ten5 uestions.Interpretation of those uestions is given further.
"he uestions areK
7. What yo" ant to accom1$i#h ith yo"r $ie and
yo"r ea$th
4Ax3 aximi!e your financial security in retirement, 'pend
your money, @onate money andLor time worthy caused, /ive
money and companionship to people you care about etc5
9. 'or ho $ong do yo" ant yo"r 5a$"e# to #ha1e
yo"r ami$yF# "t"re
4"ill your life or for multigenerational5
;. When it come# to in5e#ting, o"$d yo" rather eat
e$$3 or #$ee1 e$$3
4i.e. how much risk are you willing to take with your wealth
and how much are you willing to sacrifice to ensure that
your wealth continues to grow5
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6. Are there ta$ent# ithin yo"r ami$y that yo" can
ta1 to "rther e41and yo"r ami$yF# 1rod"cti5ity andea$th
4Competitive advantage of family for making money5
8. Are yo" committed to creating a c"$t"re o
acco"nta-i$ity in yo"r ami$y and ith yo"r ea$th
ad5i#or#
4ex3 'ome people believe that because they are rich they
donJt have to be constrained by a budget, 'ome people have
good intentions but donJt have the time or infrastructure to
keep good personal financial records, any people donJt
know how to evaluate the performance of wealth managers,
'ome people get intimidated by advisors etc. -here do you
see yourself5
:. Are yo" -"$$i#h or -eari#h on the g$o-a$ economy,
-"#ine## and in5e#ting
4i.e. whether you are optimistic or pessimistic5
=. To hat e4tent are yo"r a##et# "nder threat
4(ssets can be threatened by a variety of people and events,
ex3 a divorce, a house fire, a disgruntled trust beneficiary,
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employees, neighbours, or the driver of an automobile with
whom you happen to collide5
>. *o #ho"$d my ami$y comm"nicate a-o"t it#
ea$th
4"here is a fine line between empowerment and entitlement.
"he privileges of wealth come with responsibilities, so you
will need to decide how to hold the next generation of
family members responsible, not only for ensuring the
familyJs memory and legacy, but also for managing the gift
of wealth that is given personally to them.5
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7?.*o im1ortant i# it to yo" to ma4imi%e ta4
eiciency Wi$$ it change in "t"re generation#4"ax efficiency is a major variable in the strategic wealth
management process because it affects both the way you
manage your financial assets and how you distribute them in
your estate plan. For most people, taxes are either the largest
or second largest controllable drain on wealth or they
manage their taxes as aggressively as they mange their
investments.5 (fter reviewing the uestions one shall mark
the answers in the below given table which is a continuum
of financial goals from di#tri-"tionHoriented to grothH
oriented being represented by a two3headed arrow. elow
&Financial /oalM is a series of issues 4which have been
mentioned above5 and a range of possible responses, again
represented by arrows. (ll issues are values3based, butsome, like asset threats and tax efficiency, have an
operational tone. y selecting answers to ten uestions that
express values, one can identify the financial goal that is
right for the person.
WEALT* MANAGEMENT
-ealth anagement is a term that originated in the %>>?s in
;' with the roker @ealers, anks, and Insurance
Companies. -ealth anagement has generally evolved from
high net worth financial consulting for persons who are top
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clients of any firm. -ealth anagement is classified as an
advanced type of financial planning that provides
individuals and even families with private banking, estate planning, asset management, legal service resources, trust
management, investment management, taxation advice, and
portfolio management. "hus, wealth management
encompasses asset management, client advisory services,
and the distribution of investment products.
1ersons engaged in wealth management usually work for
law firms, accounting firms, brokerage firm, large banks,
trust departments, or investment and portfolio management
firms. 'maller firms such as 8egistered Investment (dvisors
also tend to provide a wide array of family office services.
-ealth management is a high level form of private banking
that provides various types of investment, insurance and
bank product and services. -ith the repeal of the /lasss3
steagall (ct in %>>>, financial firms were finally able to
provide al three of the above services from the same offices.
-ith the emergence of wealth management as a career
opportunity as well as a professional service in high
demand, educational programs such as the $ew Dork
;niversity certificate program, and the (merican (cademy
of Financial anagement C- Certificated 0 Chartered
-ealth anager program are proving customi!ed wealth
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management executive training to corporations and
individuals alike. (s wealth management serves a much
more affluent community, many governments licensedlawyers, C1(s, Chartered and Certified -ealth anagerJs
and sometimes an insurance professional who is CF1s are
involved in this type of high3net3worth consulting. )eep in
mind that only #awyers and C1(s have a government
license to provide legal or tax advice on complex wealth
management, estate planning, tax law, retirement or other
legal issues such as business.
WEALT* MANAGEMENT &CENE N T*E
CO0NT(
What i# the #tate o the ea$th management in the
co"ntry
-ealth management is just emerging in India. "he growth
of the economy has already been widely showcased.
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-ealth and disposable income are growing substantially.
-e are also noticing that for the first time the ability to
earn and save are slightly different. Aarlier you just putaway your money in some guaranteed products. "oday,
when even the government is withdrawing from those
products 4it recently stopped the maturity bonus on post3
office savings5, investors, whether they be doctors,
architects or anyone else, need professional help.
# ea$th management on$y or the ea$thy
It is for every body. "he person who is earning 8s +?,???
per month also needs this advice. For instance, if there is
a *63year3old guy who earns this sum, his first priority is
to buy a house for, say around 8s *? lakh. He has to now
protect this property from, say, flood, cyclone or other
natural disasters. Here is where we can help. Dou have
building insurance that doesnJt cost more than 8s :??3
%,???. "hatJs what it costs for a dinner in a good hotel in
any city. -hy not protect the asset, which you are going
to live in for the next few decades 'imilarly, there are
other issues, such as protecting your family from medical
emergencies. (ll these come within the scope of wealth
management services.
Which i# yo"r main mar!et
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"he opportunity in this space is mainly because of two
developments. First, there are more people in employment
who are getting stock options. I know of institutionswhere more than %?? people have stock options worth 8s
*36 crore. (nd they encash it. (nd, second, the expansion
of business and entrepreneurial capacity. -e see first3time
entrepreneurs cashing out partially over a period of four3
five years. "hat cashing out can be from 8s 6 crore to 8s
%?? crore. "hese people need wealth management
services. -e service some film personalities too. "hey
want to maintain the status earned during their peak to
continue. $obody wants to slip. "here is a genuine feeling
that they have a five3year peak during which every
rupee earned must be saved carefully. -ithout giving
names, I can tell you that they are willing to take good
advice. -e have other professionals also, such as doctors
and architects. -e should look at someone who has the
potential to have a surplus of around 8s *.6 crore.
#nIt the -ar rather high
"he relationship starts on a much smaller note. -e work
with clients over a period G six months to a year3 in order
for them to understand, assess and gain confidence in us.
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-e wait for the length of the time. -e look at the
potential.
"here is a cost to servicing the client. "hat is why we look at this kind of potential. -hen you offer one3to3one
service, a relationship manager can handle *?3*6 clients.
"o that extent there is going to be the element of higher
costs.
What a-o"t com1etition rom oreign and ndian
-an!#
asically, the service they offer is transaction oriented.
ost of them offer some mutual funds and some euity
advice. ut someone who has between
8s * crore to 8s *6 crore don7t want this. He wants
somebody who can work with him over a period of time.
-e need to work continuously, for him to trust us, for us
to understand him, his family, his taxation issues,
succession issues, etc. "here is some value addition when
you deal with people over a period. I can suggest more
ideas and we can exchange notes on how to go ahead
about certain things.
CC WEALT* MAGEMENT G(O0P
*%
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even deal in gold, structured products commodity trading, +rd
party product, and even provide services like philanthropy
services etc. (ll blended to bring you seamless financial
solutions that ensure you have the advantage in everyfinancial decision. -herever you may be in I$@I( or
around the globe. "he group is more than just a one3point
contact for all your banking and financial needs. In fact they
are financial expert in their own right. 'pecially trained in a
wide array of financial products and services, they will
provide you with solution specific to your individual needs.
"hey will put you in touch with our panel of financial
experts for speciali!ed advice and liaise with the various
ICICI /roup companies on your behalf, ensuring that you
have the expertise of one of India7s biggest and the most
innovative financial powerhouse at your disposal. "HA
-A(#"H ($(/AA$" /8B;1 is only a part of the
lager team which ensures your money works harder.-orking silently behind the scenes is a team of product
expert. "hese handpicked experts have a wealth of financial
experience under their belt and will assist.
*OW WEALT* MANAGEMENT G(O0P O'
CC BANK '0NCTON&
0nder#tanding yo"r inancia$ goa$#
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Bur investment process starts with understanding your
background investment objectives risk tolerance and
existing investment pattern. ( comprehensive client profiling exercise help us in evaluating your risk appetite
and understanding your investment objectives, which are
kept in mind while building your profile.
n5e#tment P$an
ased on your investment goals, cash flow reuirements,
investment hori!on and risk profile, we construct a suitable
asset allocation for you. @uring this exercise, we also
evaluate and rebalance your existing investments as per theasset allocation, in case reuired by you in your decision
making process.
Porto$io Con#tr"ction
From our wide range of investment avenues, we construct
appropriate solutions to implement your investment plan and
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evolve a tailor3made portfolio for your specific
reuirements. "his would involve execution of investments
in debts, euity, structured products or alternative classes as per the suggested asset allocation.
Porto$io Maintenance
-e monitor your investment and periodically suggestrebalancing in the portfolio for maintaining the asset
allocation or aligning your portfolio to changes in macro3
economics factors that might affect your investment.
Porto$io (e5ie
(s your investment preferences or financial goals may
change over a period of time, we review your portfolio
periodically with you to discuss and implement any changes
in asset allocation or portfolio strategy.
'ourceK ooklet provided by ICICI ank
OPT6 MO(E
B1"2 B8A is a uestionnaire given to the clients to
know weather they are conservative, investors. (ccordingly
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the wealth management group suggests where to invest so as
to receive best returns and to withdraw if not profitable.
Following is the format of uestionnaireK
0E&TONNA(E
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%. y current profile is best described as followsK
a. 'ingleLDoung family b. ature family c. $earingretirement
*. y investment experience is best described as followsK
a. I have good knowledge
b. 'ome knowledge, but not in depth
c. 'tarting to learn
+. How do I describe my investment styleK
a. I like to buy shares
b. I can consider buying
c. I do not buy share
2. y main investment goal isK
a. "o watch my money grow fast
b. "o earn income and also grow my money
c. Bnly to earn a stable income
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6. But of my total money, how much would I want to
invest nowK
a. #ess than *6 b. etween *6 0 +6
c. ore than 6?
9. (pproximately what portion of my monthly net income
goes towards paying of installment of loans 4home loan,
credit loan, auto loan5
a. #ess than %?
b. etween %? 0 +6
c. ore than 6?
=. If I expect to have any major expenses 4such as Childs
higher educationLmarriage, purchase of home5 have I
planned a separate provision for these expenses
a. I do not expect to have any such expenses
b. Des, I have a separate provision for these expenses
c. Have no separate provision for these expenses
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:. y financial position is best described as followsK
a. I have complete financial freedom b. I can afford to take some risk
c. I can not afford to lose any money
>. I plan to start withdrawing money from my investment
for major needs
a. Bnly beyond 6 years
b. etween * to 6 years
c. -ithin * years
%?. I will not need to withdraw these saving before the
started investment hori!on
a. 'trongly disagree
a. $eutral
b. (gree
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%%. I am face with a choice between greater job
security with a small pay raise or a much higher pay
raise but less job security. -hich would I electa. I would definitely choose the higher pay raise
b. I may choose either
c. I would definitely choose greater job security
%*. How much money can I afford to lose before
feeling uncomfortable and exiting from an investment
a. *?
b. 6
c. ?
%+. Investment in stock market is the same as
spinning the roulette wheel the odds are stacked against
me
a. 'trongly disagree
b. $eutral
c. (gree
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%2. -ho has advised me in the past
a. roker
b. banker c. none
(ecommended a##et A$$ocation
Con#er5ati5e
"o take low risk on capital and aim to obtain marginally
higher return predominantly through bank fixed deposits and
a mix of income plans.
Moderate
"o take risk on capital by participating in the euity markets
with the objective of enhancing returns in the long term.
Aggre##i5e
"o take high risk on capital with the objective of higher
returns over a 6years period.
&CO(NG &&TEM
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$o. of option 4a5 ticked P6Q
$o. of option 4b5 ticked P+Q
$o. of option 4c5 ticked P%Q"B"(# 'CB8AQ
CB$'A8N("INA %63+6
B@A8("A +9366
(//8A''INA 693=6
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O1t 6 moreH
Perormance #"mmary
Bpt 2 ore is a set of five suggested asset allocation
designed to help in planning one7s financial needs for five
distinct risk profiles vi!., risk averse conservative, balanced,
growth, aggressive. It helps in creating the appropriate
balance between safety, liuidity and potential for yield
enhancement through a mix of bank fixed deposits and
mutual funds 4both fixed income and euity5. "he suggested
asset allocations for the five profiles in the Bpt 2 ore are
shown belo
'cheme
(i#!
A5er#
e
Con#er5ati
5e
Ba$ance
d
Grot
h
Aggre##i
5e
E"ity
P$an#
@'1#Bpportunities FundH@FC "op
*??
3
3
3
3
3
%6
3
3
%?
%?
%?
3
3
%6
%6
%?
%?
%?
%?
%?
*?
*?
*?
++
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ICICI1rudential1ower
8eliance/rowthFundagnum/lobalFundFranklin"empleton
1rima Fund
3 3 3 3 %?
';
"B"(#
3 %6 +? 9? >?
&hort term
1$an#
ICICI
1rudential'hort term plan
*? *6 %? *? %?
';
"B"(#
*? *6 %? *? %?
'$oating
(ate P$an#
)otak Floating3'"irlaFloater G#"
33
3
3
3
%?%?
33
33
';"B"(#
3 3 *? 3 3
'i4ed
De1o#it#
:? 9? 2? *? 3
+2
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ICICI ank @eposits
&0B
TOTAL
:? 9? 2? *? 3
G(AND
TOTAL
%?? %?? %?? %?? %??
*i#torica$ 1erormance o the a##et a$$ocation
PA(TC0LA
(&
(i#!
A5er
#e
Con#er5at
i5e
Ba$anc
ed
Gro
th
Aggre##i
5e
Bne year returnsNolatility'hape ratio
9.>*?.%+%:.>
9.96%.6?%.2
%>.2>=.>>%.>
*2.+9%+.9*%.6
2:.>>*2.**%.:
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COMPA(&ON O' CC BANK WT*
OT*E( BANK&
*&BC BANK The Wor$d# Loca$ Ban!
H'C7s origins in India date back to %:6+, when the
ercantile ank of India was established in umbai. "he
ank has since, steadily grown in reach and service
offerings, keeping pace with the evolving banking and
financial needs of its customers. In India, the ank offers a
comprehensive suite of world3class product and services to
its corporate and commercial banking clients an also to a
fast growing personal banking customer base.
*&BC G ro"1 entitie# in ndia
• "he Hong )ong and 'hanghai anking Corporation
#imited 4H'C5
• H'C (ssets anagement 4India5 1rivate #imited
• H'C Alectronic @ata 1rocessing 4India5 1rivate #imited
• H'C Insurance roker 4India5 1rivate #imited
• H'C Bperations and 1rocessing Anterprise 4India5
1rivate #imited
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• H'C 1rivate Auity anagement 4auritius5 #imited
• H'C 1rofessional 'ervices 4India5 1rivate #imited
• H'C 'ecurities and Capital arkets 4India5 1rivate
#imited
• H'C 'oftware @evelopment 4India5 1rivate #imited
*o the ea$th management gro"1 o CC Ban!
i# dierent rom *&BC Ban!
*&BC Poer /antage
H'C7s 1ower Nantage (ccount is an exclusive proposition
that offers, amongst other benefits, a uniue feature, called
the 1ersonali!ed Financial 8eview 41F85. ( trained
Financial 1lanner uses the 1F8 to help you evaluate your
finances, identify your current and future financial needs and
assist you in drawing up a plan to meet them. "his sets it
apart from any other banking account
'EAT0(E& AND BENE'T&
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• ( 1ower Nantage 8elationship anager to assist you in
your banking and financial planning needs.
•1ersonal Financial 8eview helps you to evaluate your
finances, identify your current and future financial
needs and assist you in drawing up a plan to meet
them.
• ;nlimited free transactions 4cash withdrawals and
balance enuiries5 at *?,??? H'C and non3H'C
Nisa ("s in India using your 1ower Nantage debit
card.
• @edicated 'ervice @esk and "eller Countries to assist
you with your banking needs, enabling you to save
time.
• Higher cash withdrawal limit of up to 8s. 6?,??? and
funds transfer up to 8s %??,??? with your 1ower
Nantage debit card, across *?,??? H'C and non3
H'C Nisa ("s in India and close to % million ("s
overseas.
• ;se your 1ower Nantage debit card for purchases of up
to 8s. 6?,??? per day at over +*?,??? merchant
establishments in India and over %2 million such
establishments overseas.
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• Free Cheues 1ayable at 1ar 4C115 facility in all cities
where H'C has branches, helping you save on out3
station clearing time and costs.• $o3bounce Cheue 1rotection which means cheues
presented through clearing irrespective of funds
available, will be honoured 4overdrawing of a
maximum of 8s. %?,???5P
•onthly Composite 'tatement giving you a snapshot
of all deposits and loans.
• Eoining fee waiver and 6? off on the annual fee for
your credit cardPP
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Financial 1lanning 'ervices
uilding wealth today depends on a sound financial planthat involves saving and investing, in long3term growth and
sufficient returns. aking the change from saving to
investing can be critical to your long3term success. Inflation,
falling interest rates and fluctuating market conditions
reuire you to plan your finances carefully. Celebrateimportant occasions in the future by managing your wealth
well now. H'C7s Financial 1lanning 'ervices are available
for existing H'C customers and are free of cost.
B"#ine## &e$ect
-hen it comes to maximi!ing your wealth, you need to partner with a reliable banking service. Bur range of
financial services and personali!ed banking solutions helps
you mange your wealth efficiency.
/reat partnerships lead to even greater rewards. "hat is why
we at H'C usiness 'elect work with you every step of
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the way. Choose from a rang of financial services and
personali!ed business3banking solutions that help you
maximi!e your business potential.(nd give you the recognition you deserve.
'EAT0(E& AND BENE'T&
• A dedicated (e$ation#hi1 manager
usiness 'elect provides you with a personal 8elationship
anager dedicated to understanding your financial needs.
'o whether you7re looking for cash management solutions,
trade related services, or simply cash pick3up from your
business premises, the personal attention your 8elationship
anager provides is invaluable in helping you choose the
right solutions.
• Preerentia$ 1ricingon Trade &er5ice#
(s our valued customer, you can enjoy our local expertise
and global reach in handling your trade business, including a
complete range of products that would facilitate you in all
your export and import transactions. "hese include Axport
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and Import Collections, @ocumentary Credit 4or #etter of
Credit5 issuing, advising and confirming, negotiation of your
Axport ills and 8emittances.
• '(EE cahierI# order#
Anjoy the benefit of free cashier7s orders payable at any
H'C branch in India.
• B"#ine## Door#te1 Ban!ing
"ransact from the comfort of your cabin with usiness
@oorstep anking, Cash, cheues and drafts can be picked
up from or delivered to your office absolutely free of cost.
• Preerentia$ 1ricingon oreign e4change rate#
-ith our global network, we not only ensure that your
foreign exchange transactions are seamless but also provide
you with preferential rates on all your foreign exchange
remittances routed through us.
• No -o"nce che"e 1rotection
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ake payment with complete peace of mind Gusiness
'elect offers you a no3bounce limit of up to 8s. * #akh on
cheues issued from your usiness 'elected account.
• '(EE nternet Ban!ing or B"#ine##
anage your finances with ease. Niew your accountstatements, pay bills make drafts or transfer funds round the
clock, from anywhere in the world.
• '(EE B"#ine## Phone Ban!ing
(ccess your ank balances at your convenience, with
actually stepping into the ank. (ll you need is a phone and
you can transfer funds, pay your suppliers, make fixed
deposits, reuest a cheue book and much more.
• '(EE #1ecia$ ATM card
-ithdraw up to 8s *??,???L3 per day with your special
usiness 'elect (" card at over %6? ("s in India.
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• Ne de-it card
Dou can now apply for a H'C debit card which can beused as an (" card at any H'C or NisaL1lus ("
across the world, as well as for making payment at
merchant establishments.
•C$"#ter de1o#it#
-ith cluster deposits, let your idle monies earn the
interest rate of a fixed deposit while allowing you access
to your funds at any time. Ansuring the best3possible
returns as well as liuidity.
• &mart Money Acco"nt
-ith the 'mart oney (ccount, make your fixed deposits
work for you. (vail of an overdraft against your fixed
deposits at attractive rates.
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Citi-an!
Citi-an! is a major international bank, founded in %:%* as
the City Bank of New York. Citibank is now the consumer
and corporate banking arm of financial services giantCitigroup, the largest company of its kind in the world. (s of
arch *??=, it is the largest bank in the ;nited 'tates by
holdings.
Citi Go$d
Wea$th Management
Citibank has a well3organi!ed system of -ealth
anagement services in India that give you unparalleled
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advantage and opens up the opportunity to maximi!e your
wealth.
-elcome to Citigold -ealth anagement, an innovativefeature to complement Citibank and their range of banking
services in India.
Check our Citibank -ealth anagement process to assure
yourself that CitibankJs banking services in India are
comprehensive and have been designed keeping the long3
term benefits and convenience of the customer in mind.
CitiGo$d Wea$th Management Team
Dour Citi/old -ealth anager backed by a team of expertsin the field of investments, insurance, treasury and foreign
exchange services will provide you with expert advice
through the Citi/old -ealth anagement 1rocess and help
you keep track of your portfolio on a regular basis. Dour
dedicated service relationship manager will help you with all
your banking transactions at your convenience.
CitiGo$d Wea$th Management Proce##
Citi/old -ealth anagement is a two3step process
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"he first step begins with Citipro, the Financial anaging
"ool. It helps you access your existing wealth, cash flow
reuirements, risk appetite and investment hori!on. Dour
profile and your cash flows will determine the optimal
portfolio allocation into liuid assets, medium term and
long3term investments. It also helps you rationali!e your
existing liabilities and determine your insurancereuirements so that your family can continue to avail the
same benefits and fulfil their drams even in case of an
unfortunate eventuality. It thus enables you to preserve,
protect and grow your wealth.
"he second step pertains to product selection and portfolio
review and rebalancing with CitiChoice. Dou can select from
a shortlist of top performing mutual funds in each of the
liuid, debt and euity funds asset classes from leading fund
houses in India. @epending on your risk appetite and
investment hori!on, you can also invest in /overnment of
India fixed income securities, treasury bills and corporate
bondsLdebenturesLcommercial papers.
Dour Citi/old -ealth anager actively monitors your
investment portfolio and keeps you abreast with the updated
status of your investments. Dou also receive a portfolio
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tracker that contains details on your portfolio performance
against your financial plan and provides you a systematic
opportunity to rebalance your investments should you desireto do so.
Wide (ange o Prod"ct#
Citi/old offers you a comprehensive range of products to
meet your transaction, savings, and investment and
insurance reuirements.
Dou can select from a set of term and endowment insurance policies brought to you through our insurance partners so
that your needs for wealth protection are taken care of.
Dou can also select from a range of asset products, namely
personal, home and auto loans at special relationship
pricing.
Citibank makes available an exclusive set of structured
products for our Citi/old customers like arket #inked
deposits and Invest 1lus with CitibankJs global reach, you
get the power to manage your foreign exchange flows in the
most efficient manner.
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0nmatched Ban!ing Con5enience
Dou can conduct your banking in compete exclusivity andconfidentiality at our exclusive outlets the world over, and
come to know about them through financial and business
maga!ines and television programmes.
Citi/old brings to you superior banking convenience with
draft drawing facilities at over +?% locations, national banking, payable3at3par cheue books, cash delivery and
cheue pick3up facilities.
(n exclusive Citi/old telephone line at Citi1hone, Citibank
Bnline and Citibank anking Centers enables you to
conduct your banking transactions *2 hours a day, = days aweek3both while you are in India or traveling overseas.
Citi(lert messaging services helps you keep tab on your
money through (lerts on your email or mobile phone.
CitiGo$d Wea$th Management E4c$"#i5e#
Citi/old -ealth anagement offers you an exclusive
privilege that comprise of K
• "ax and estate advisory services through a leading tax
advisory firm in India.
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• Free for life Citibank International /old Credit Card.
• ;pdated information on treasury, currency markets.
• Invites to seminars on capital markets, mutual funds,
budget and taxation.
• Free insurance benefits Gupto 8s +? #akh personal
accident, and baggage and householder insurance.
• Free access to airport lounges at @omestic and
International airports in India.
'NANCAL P(OD0CT& AND &E(/CE&
O''E(ED B
CC BANK
Term De1o#it#
'table and assured returns make them a vital part of all
investor7s portfolio. (mongst the most traditional banking
products, @eposits still remain a popular choice for
investors. ICICI ank offers a wide variety of @eposits, with
attractive interest rates and many more useful features.
"here is a choice between a traditional or reinvestment or
recurring deposit plans. (ll plans offer a range of interest
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payout options 4annual, semi3annual, etc.5 and choice of
tenors.
o
"enorsK = days to 6 days
o 1ayouts G Bn aturity, (nnually, Ruarterly, onthly.
o Interest Bptions3 Fixed or Floating
'i4ed ncome &ec"ritie#
Fixed Income 'ecurities like bonds provide stable andassured cash flows if held till maturity.
"he large exposure to this asset class is because of the
variety of products that are on offer in this umbrella class,
which offers investors a wide range of choices covering a
broad spectrum of risk and return objectives.(ttractive benefits of bonds
o Fixed returns3 Irrespective of market trends, if held till
maturity
o 'table returns3 #ess volatility compared to euities
o #iuidity3Aasy entry and exit opportunities
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o @iversification G -ide range of options available to
choose from
o
1rotection against deflation G( hedge againsteconomic slowdown
o ;nlocking asset value GCan be pledged as collateral
n5e#tment in E"ity Mar!et#
"here are a number of ways of investing in the Indian euity
markets. Bne could either invest through a fund or invest
directly. Investing through the fund provides low cost access
to professional expertise however, there is limited control
on the underlying portfolio. For direct investment an
attractive route is to invest through 1ortfolio anagement'ervices 41'5, which not only provides professional
management at low cost but also gives a higher degree of
control.
Porto$io Management &er5ice#
1' is a generic term used to describe the services offered
by certain professional entities related to management of
clients7 portfolio of financial assets 4euities, fixed income
securities, derivatives, etc.5 in the Capital arkets on
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segregated account basis. "he key advantage of 1' is that
customi!ed portfolios are created for each individual
investor, in terms of matching it with the person7s risk appetitive and return expectations, incorporating his views
on different sectors or companies and allowing dynamic
asset allocation.
Direct n5e#tment in E"itie#-ish to invest directly in shares of Indian companies
without having to bother about finding a broker or worry
about margin and settlement issues has come true. Bne can
enjoy the convenience of hassle3free, simple and efficient
trading in Indian euities online through the ICICI web3 based platform, ICICI direct.com. "he ICICIdierect.com
platform provides a uniue experience of online investing in
shares listed on the $ational 'tock Axchange 4$'A5 and the
ombay 'tock Axchange 4'A5, India as well as investment
in the Initial 1ublic Bfferings.
4I1Bs5 made by Indian companies. ICICI ank offers varied
@emat services like e3instruction facility, digitally signed
statements an many more offering the best value for money,
across*%2 branches.
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M"t"a$ '"nd#
( mutual fund is an entity that pools the money of manyinvestors G its unit3holders3 to invest in different securities.
Investments may be in shares, debt securities, money market
securities or a combination of these. "hose securities are
professional managed on behalf of the unit3holders, each
investor holds a pro3rata share of the portfolio i.e. entitled toany profits when the securities are sold. ut subject to any
one can get a choice of schemes to suit its investment needs
and risk profile. 'ome types of utual Fund 'chemes are
given belowK
De-t '"nd# "his fund gives access to a wide range of
fixed income securities across currencies and markets.
@epending on the investment hori!on, one can choose from
#iuid Funds for short3term liuidity management, Floating
8ate Funds to take advantage of risking interest rates, or other plans like 'overeign ond Funds, 'hort3term ond
Funds and Fixed aturity 1lans to suit the investment
needs.
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E"ityH-a#ed '"nd# "his fund invests a major portion
of their portfolio in euity markets, with some portion in
fixed income securities. Bne can invest in @iversified AuityFunds for stable returns from across industry sectors, or take
a view on a particular sector and invest in 'ector Funds that
provides exposure to the leading companies in the selected
sector. Aven within these broad categories of Auity3based
Funds, diff erent schemes follow different styles like #arge,id or 'mall Cap and Nalue or /rowth style of investment,
provide ample diversification opportunities.
Lia-i$ity Management Prod"ct#
#iability anagement 1roducts help to manage the
borrowing needs without disturbing one7s investments.
anaging the borrowings effectively helps in strengthening
the portfolio7s long term performance, while at the same
time meeting the short3term cash flow needs. Home loans,vehicle loans, personal loans, loan against investments3
'hareLmutual funds, loans against deposits, loan against 8eal
Astate etc. are some of the products of the entire spectrum of
loan products.
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(i#! Management Prod"ct#
Financial priorities in life, be it 'aving protection or
Investment, depends on the stage of life you are in. -ith
changing life stages, priorities will change as well. "o meet
these constantly evolving needs, one may need to buy
different policies at every stage.
ICICI ank with its channel partner, ICICI 1rudential offerscustomi!ed Lie n#"rance solutions with a comprehensive
range of unit3linked products that takes care of a person7s
wealth by providing flexibilities. ICICI ank also offers
tailor made solutions for individual and family, taking care
of their life and also allowing earning while you save byconverting them into investments.
ICICI ank in association with ICICI #ombard offered
comprehensive commercial and personal product line
4Genera$ n#"rance5 aimed at customers and businesses of
all kinds and si!es, as there is always an uncertainly attachedto life and property due to natural and man made calamities
and the losses that they cause are a matter of increasing
concern. "o name a few, they include Health, Home, otor,
"ravel, 1ersonal (ccident #iability, Credit Insurance, Credit
Insurance, 1roject Insurance, ega risk (viation covers, etc.
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Tr"#t &er5ice#
In today7s world of uncertainties, the need for proper and
prudent safeguarding of one7s future and that of our near and
dear ones has gained greater significance. ICICI ank
through its partner companies provides speciali!ed services
and facilities reuired to safeguard the investment andestates not only in one7s lifetime but also subseuent to it
and then dispose them off according to the terms of the -ill
or "rust. ( "rust is a highly flexible arrangement that can be
structured to organi!e global assets. ( trust is also ideal to
address specific investment needs such as estate planning,asset sheltering and tax planning.
Phi$anthro1y &er5ice#
1hilanthropy means different things to different people, butthe real challenge lies in finding innovative ways of
leveraging and attracting resources to create positive change.
ICICI ank and /INA Foundation are committed to not only
providing comprehensive and innovative solutions to donors
and $/Bs, but also in ensuring that a professional teem
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manages an monitors such donations so that they actually
create a difference in the lives of the end recipients. /INA
Foundation7s customi!ed solutions are structured for delivering what the donor wants hisLher money to be utili!ed
for. /INA assists donors inK
o 'upporting social developmentLcharitable projects
across the country
o
'etting up your own projects
ALTE(NAT/E N/E&TMENT P(OD0CT&
n5e#tment n Go$d
/old treasured as a store of value for thousand of years, it is
an important and secure asset. ut /old, as a financial asset
in a class of its own. Investment in gold helps in 1ortfolio
@iversification and 1reservation of -ealth. /old has proved
itself to be an effective way to manage wealth. For at least
*?? years the price of gold has kept pace with inflation.
ICICI ank is the largest dealer of branded gold in Indian
arkets. It sells #( registered brand of gold bars, which
are >>.6 or better purity. Aach bar is marked with a distinct
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serial number and is issued with an international valid
certificate that will attest its purity and serial number.
Investments in gold bars are strongly backed by solidrationales. ICICI ank carves the pathway for investments
in gold allowing availing multiple benefits like that of
o Affective portfolio diversification
o
Hedge against inflation,o High returns with low liuidity and many more.
(ea$ E#tate n5e#tment
Investment services are offered to individual or corporate
clients who wish to introduce real estate assets in their
portfolio. "he client has multiple options to invest in a
variety of sectors, depending upon the investment amount,risk appetite and expected return. Bne can avail these
services to directly purchase properties in India, spanning a
wide range of sector such as commercial, 8esidential, 8etail,
Hospitality, etc. Br can even invest in 8eal Astate Funds and
structures and participate in the growth of the Indian 8eal
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Astate. Investors have been attracted to real estate for its
competitive rate of return, ability to diversify a portfolio,
inflation hedging attributes and income generating capabilitythrough rentals and capital appreciation.
(eg"$ar ncome "his instrument is applicable to those
properties in which a tenant is paying regular rent to the
owner. "he rental in this case is classified as a regular income.
Ca1ita$ GainK "his instrument is applicable where an
investor enters in the early life cycle of a project that is
scheduled to go under construction or is already under construction. "he client can exit the project once it is
completed an successfully rebate out at premium.
B"#ine## O11ort"nityK If a real estate is reuired for
business like setting up office, retail chain, hotel, etc. ICICIank can help at every step with end3to3end solutions.
De1$oyment O11ort"nity Bne can explore the
opportunity to profit by putting its real estate, which could
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be in either from of land or as a finished product, to suitable
use, or even by outright sale or lease.
Art in5e#tment
(rt investment funds represent something of a revolution in
the relationship between art and commerce. (rt collecting
has traditionally been the domain of wealthy individuals in
search of rewards beyond the purely financial. "he newfunds, by contrast, allow people with smaller bankrolls to
play the art market by pooling their resources, and the only
benefits are economic, since investors don7t get to hang the
paintings on their walls. In this scheme, art is just another
alternative asset class, like gold or wheat."his asset class has been legitimi!ed to a degree by a
couple of academic studies showing that art has significantly
outperformed bonds and has kept pace with euities. $ot
surprisingly these studies find that the returns from art are
not particularly correlated with the overall capital markets.
However, just because an art fund 1ossible, does not
necessarily make it a smart investment. (ny art fund is
going to have a number of expenses that will reduce the
funds7 overall returns. In addition, the fund managers will
undoubtedly not be working for free. "o some researchers
this rush of funds is a sign of a market top, 'o the headlong
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rush to invest in art looks more like a fad than like a rational
approach to making money. In some ways, it resembles the
boom in Internet stock funds that swamped -all 'treet in%>>>, when investors were convinced that the only direction
was up.
( more reasonable approach to the art markets reuires a
little thinking outside the box. @irectly buying fine art such
as paintings and sculpture and photographs, being the
primary mode of investing in art, apparently seems like a
third world to investors. It does not have tope as difficult as
one believes and anyone that can adeuately advise on a
good art fund could and should be able to advice on actual
works of art to invest in. Des, it will take a bit more time an
research, yet this method of investment will yield several
more positive results than merely investing in stock or an art
fund.
1rimarily one will have the object that heLshe has invested in
your possession, giving you the control of the future of that
object and not a ank or auction house which could always
make decisions on the object which you are not in
agreement with, or which may de3value your investment.
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'econd, you will have a piece of art to enjoy and display in
your office or home. any these days are buying art, and
without ever even seeing it storing it in a vault and selling it%? years down the line, basically using it as bond. Det art
doesn7t have to be solely a financial investment, it can be a
cultural investment also which will not only provide a new
form of entertainment yet will expand our cultural hori!ons
as well as our finance.
A (ANGE O' AD/&O( &E(/CE&
8eal estate advisory servicesK
eing one of the largest players in the mortgage and
corporate real estate advisory segments, we have unmatched
reach in the property market an allied sectors. Fromsourcing, buying, valuation and selling to leasing, our end3
to3end real estate advices are tailor made to fit your
reuirements and help you achieve your investment
objectives.
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"ax and other advisory servicesK
ICICI ank has tie3ups with leading tax advisory firms who
would help you in your domestic taxation3related issues andconcerns, trusts, estate management and other services. (s
an ICICI ank 1rivate anking customer, you can avail of
their advice at a special relationship pricing.
Investment anking 'ervicesK
Dou could have business3related needs in India like buying
out a company or tapping the Indian capital markets. ICICI
'ecurities, or Investment anking arm in India, is uniuely
positioned to assist you in these areas.
"rust 'ervicesK
-e offer you specialist trustee services through our partner
companies for estate planning, asset protection and tax
purpose. Bur partners also provide specialist services for
formation and management of offshore companies, holding
companies and trading companies that can help your organi!e your global businesses more efficiently.
Auity (dvisory 'ervicesK
ICICI ank with our associate partner, ICICIdrirect.com
offers euity advisory services to maximi!e the returns on
your investments. "hese services are backed by our
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extensive research team that deliver superior returns and
ensure a high margin of safety. (t ICICI ank, we also have
a full3fledged research division which conduct industry andcompany specific euity research, with analysts speciali!ing
in economic sectors and large stocks.
1ortfolio (dvisory 'ervicesK
-e at ICICI ank understand the challenges faced in
allocation of wealth, decisions related to them and risks
involved in a volatile market. ased on these reuirements,
for our select customers, we offer the comfort of dedicated
investment professionals helping you to reali!e your
objectives. Bur experienced professional offer disciplined
and comprehensive models based on your individuals needs
that have a clear, long3range plan in place to solve your
problems and meet your financial goals.
NTE(NATONAL PO(T'OLO N/E&TMENT
"here was a time when investors treated national boundaries
as impregnable barriers, limiting their reach and financial
options to predominantly domestic and regional markets.
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"imes have changed. Eust as companies and consumers are
going global, so are increasing numbers of investors. "he
expanded universe of securities available internationallysuggests the possibility of achieving a better risk3return
trade3off than by investing solely in Indian securities. "hat is
expanding the universe of assets available for investment
should lead to higher returns for the same level of risk or
less risk for the same level of expected return. "his relation
follows from the basic rule of portfolio diversificationK "he
broader the diversification, the more stable the returns and
the more diffuse the risks.
Investors should always be looking for different asset classes
that perform well in different environments, and one of the
arguments for investing overseas is that stock
markets indifferent parts of the world tend to hit their peaks
and valleys at different times because of varying economic
conditions. (lthough some researchers have found that the
negative correction3or the tendency of two assets to perform
differently in the same environment3between foreign and
domestic markets has lessened as the world has become a
global market place, it has not disappeared.
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(ll the Institute of International Finance7s 4IIF5 recent
annual meetings in 'ingapore, IIFChairman @r. Eoseph
(ckerman 4also Chairman of the /roup AxecutiveCommittee of "he @eutsche ank met with members of the
-orld ank and highlighted this year7s favorable growth
performance for the Auro !one, Eapan and large parts of
emerging markets, particularly those in (sia. From oscow
to anila, emerging markets are soaring. $et private euity
investments in these emerging markets are projected to reach
a record
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is at *?:th spot. ;.'. house headuarters of %=? /lobal 6??
companies, Eapan is home to =? corporate and ritain and
France are home to +: companies each. In contrast India hasonly six entries. In this era of globali!ation, what the above
figure suggests is that as an investor, there are opportunities
aplenty on the global front, and the only way an Indian
investor can invest in these companies is through an
internationally3oriented portfolio.
GLOBAL M0T0AL '0ND
'DELT NTE(NATONAL
Astablished nearly 2? years ago, Fidelity International
#imited 4FI#5 operates in markets outside the (mericas. "he
company and its subsidiaries mange over billionP for
major institutions and millions of investors around theworld.
Prod"ct (ange
• Fidelity Auity Fund
• Fidelity "ax (dvantage Fund
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• Fidelity Indian 'pecial 'ituation Fund
• Fidelity International Bpportunities Fund
• Fidelity 'hort "erm Income Fund
• Fidelity ulti anager Cash Fund
• Fidelity Cash Fund
Ad5antage# o 'ide$ity nternationa$
• If you want to put aside just a small amount regularly,
you can plan a 'I1 as part of your monthly budget. In
fact, using the auto3debt facility that comes with most
ank accounts to regularly transfer money to your 'I1
can make for investing convenience.
• Bn the other hand, if you have a lump sum, but do not
want to commit all of it, a 'I1 can be a smart move.
$ot only does it help you to build your portfolio onestep at a time, it also helps you to ride over market
volatility and benefit from 7rupee cost averaging7K If the
market goes up, the units you own will increase in
value. If its goes down, your next payment will buy
mere units.
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• "he government has made a host of individual saving
tax3deductible under one umbrella called 'ection :?Cand a simple new rule has emerged3if you invest up to
8s. % lakh in a tax saving instrument or even a
combination of them, you effectively reduce your
taxable income by up to 8s. % lakh. "his means you
could save up to 8s. +?,???P in taxes.
'ide$ity n5e#tment# ndia
Fidelity investments, established in %>29, is a privately held,
diversified financial services company comprising oston3
based F8 Corp. with more than +2,??? employees and
fidelity International #imited, headuartered in ermuda.
"he combined companies are located in *% countries acrossfour continents. Fidelity offers investment management,
retirement planning, brokerage, human resources and
benefits outsourcing services to more than *? million
individuals and institutions as well as through 6,6??
financial intermediaries. "he firm manages over ;'@ %.*
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trillion in Customer assets and is the largest mutual fund
company in the ;nited 'tates, the $o.% provider of
workplace retirement savings plans, one of the largestmutual fund supermarkets and a leading online brokerage
firm.
Fidelity usiness 'ervices India 4F'I5 1rivate #imited
started its operations supporting ;.'.3based businesses in
'eptember *??% at /urgaon and expanded to angalore in
$ovember *??+. as of ay +%, *??9, we have over +,6??
employees, split between I" Bperations, usiness
1rocessing Bperations, Implementation, usiness (nalytics
0 8esearch and 'upport 'ervices. Bur current estimates are
for year3end staffing to reach 2,*??.F' India was started
with the aim of strengthening Fidelity7s positions as the most
trusted provider of lifetime investment solutions by
providing state3of3the art and cutting3edge technology
products and solutions to Fidelity7s internal and external
customers. Amployers deliver world3class applications,
solutions, products and services that provide Fidelity7s
businesses a competitive edge. -e work on diverse
technology and have numerous centers of excellence that
provide focused delivery capabilities in technology.
Fidelity is committed to continuous improvement, state3of3
the3art technology and peerless customer service. -e
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reinvest a substantial portion of our revenues each year back
into technology to deliver new products and services to
investors. Fidelity7s annual investment in technology is awhopping
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of financial services companies and national network of
financial professionals.
n5e#tment#
Investments success is a direct reflection of the expertise of
your financial provider. For more than %*? years, the
companies of the 1rincipal Financial /roupS have provided
sound investment services with competitive results.Combining innovative products with experienced investment
personnel and sound financial practices, we offer a wide
spectrum of services to help businesses as well as
individuals achieve their financial goals.
Princi1a$ inancia$ Gro"1 Ban!ing
Prod"ct#
Bnline banking with 1rincipal ank offers everything but
the big lobby and the short hours. -e offer the same
complete line of product you need and use everyday, but in a
convenient, economical way.
Chec!ing Acco"nt#
=+
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( truly free account that offers online convenience with
F8AA, unlimited online ill 1ay.
Money Mar!et + &a5ing# Acco"nt#
@ifferent product for savers age one to one hundred. Check
out the benefits of opening one todayO
&t"dent Pac!age Acco"nt#
( student package to fit your mobile lifestyle with checking,
savings and overdraft protection all rolled into one easy3to3open application.
*ea$th &a5ing# Acco"nt#*&A
(ccumulate significant tax3advantaged savings, along with
the option to use in conjunction with a High @eductible
Health 1lan to provide the security of uality group medical
insurance protection.
Certiicate# o De1o#it
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1roducts for long3term investing in various terms and styles.
ndi5id"a$ (etirement Acco"nt#
"raditional, 8oth or 'afe Harbor long3term or short3term.
-hatever you7re looking for we can help.
Loan#
( new car, debt consolidation, a second honeymoon or home
remodeling. 1rincipal ank has a loan to cover it all.
Credit Card#
"hree different ways to make your card work for youO NI'(
name, great rewardO Find out more today.
Git Card#
( convenient, easy3to3use debit card that can be used
anywhere NisaS is accepted.
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&0(/E
D"ring my #"mmer 1ro2ect training came to !no that
CC Ban! i# 1$anning to $a"nch a ne 1rod"ct named
G$o-a$ M"t"a$ '"nd. The 1rod"ct i# #oon going to ro$$ in
the mar!et in a month or #o regarding thi# cond"cted a
#"r5ey o 8? 1eo1$e a$$ aro"nd my areaHa$$ or!ing in
dierent #ector#.
'o$$oing i# the ormat o "e#tionnaire
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$ame G
(ge G /ender GLF
InstructionK 3 )indly encircle your response. -herever
reuired you can mark more than one options.
R%. y current profile is best described as followsK
a5 'ingleLDoung Family b5 ature Family c5 $earing
retirementd5 working women
R*. I belong to the below given monthly income group
a5 T%6??? 8s. b5 %6???3*6??? 8s. c5 U*6???3
+6??? 8s d5 U+6???36???? 8s
e5 U6???? 8s.
R+. y investment experience is best described as followsK
a5 I have good knowledge
b5 'ome knowledge, but not in3depth
c5 'tarting to learn
d5 I don7t have any idea
R2. y main investment goal isK
a5 "o watch my money grow fast
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b5 "o earn income and also grow my money
c5 Bnly to earn a stable income
R6. y financial position is best described as followsKa5 I have complete financial freedom
b5 I can afford to take some risk
c5 I can not afford to lose any money
R9. I plan to start withdrawing money from my investments
for major needs 4approx.5
a5 (fter 6 years
b5 etween * to 6 years
c5 -ithin * years
R=. Investing in stock market is th same as spinning the
roulette wheel because the odds are stacked against me
a5 'trongly disagree
b5 1artially disagree
c5 $eutral
d5 1artial agree
e5 'trongly agree
R:. Have you ever invested in any utual Fund 4F5. If
yes, which
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a5 H@FC mutual fund b5 'I mutual fund c5
ICICI prudential mutual fund
d5 Bthers 4please specify5
R>. (ccording to you what are the benefits of investing into
a global mutual fund
a5 Investing internally
b5 @iversified investment
c5 #ower transaction cost
d5 Higher return with lower risk
e5 1rofessionally managed fund
f5 Bthers 4please specify5
R%?. If you were given a chance to invest in a global F of
ICICI, which invests worldwide, would you like to invest
into it
a5 @efinitely Des
b5 1robably Des
c5 ;ndecided
d5 1robably $o
e5 @efinitely $o
R%%. If $o, then why
a5 $eed some more information
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b5 @oes not gives adeuate return
c5 'ome financial constraints
d5 Bthers 4please specify5
R%*. -ould you like to share any goodLbad experience of
yoursLfamily membersLfriends etc. while dealing with ICICI
ank
"H($) DB;OO
A na$y#i# + Conc$"#ion o #"r5ey
• "he people I have surveyed are mostly working and
salaried people.
• ost of them come under monthly income of *6,???3
+6,??? 8s rest belong to monthly income of %6,???3
*6,??? 8s. and few come in the category of T%6,???
8s.
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*ence ith thi# #"r5ey or! and it# ana$y#i# o"$d $i!e
to conc$"de the 1ro2ect re1ort.
(ECOMMENDATON
• (lmost all the ank which are providing services of
wealth management are present in metros or in big
cities. @ue to this all the wealthy people sitting in
small towns and places could not get the benefits of it
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and their money remains idle. Hence due
consideration should be given in these people. (nd
the banks should target small markets to have moreand more output.
• "he next thing which should be kept in mind that in
order to generate revenue wealth management group
should not provide such products that does not benefitthe customers. eg #ife Insurance. It is important for
an individual to evaluate the need for insurance with
respect to his earning potential and the financial
impact on his dependants in the event of his untimely
death. In the event of his surviving the term of the policy do not make insurance a worthwhile
investment. 'urrender values paid by the insurance
companies are not attractive leading to a lengthy lock3
in Gperiod.
• ainly wealthy people use the service of wealth
management. Bnly they take the help of professionals
to manage their money. Avery individual whether they
belong to upper class or middle class needs a financial
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planning. 'o, ICICI ank -ealth anagement can
collaborate with oney control or C$C"N%: and
can organi!e investor camp to educate investors aboutthe functioning of wealth management and how it will
help them to grow professionally and personally.
CONCL0&ON
-ealth management services have been getting more
attention over the last two years. ( booming economy, rising
stock prices and an increase in salaries and spending power
have turned the spotlight on this sector. "he wealth
management space was earlier the preserve of same foreign
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banks which offered these exclusive services to a select
few.
Wea$th management i# 2"#t emerging in ndia. "he
growth of the economy has already been widely showcased.
-ealth and disposable income are growing substantially. -e
are also noticing that for the first time the ability to earn and
save are slightly different. Aarlier people jut put away their
money in some guaranteed products. "oday, when even the
government is withdrawing from those products 4it recently
stopped the maturity bonus on post3office savings5,
investors, whether they be doctors, architects or anyone else,
need professional help
t i# or e5ery-ody. "he person who is earning 8s. +?,???
per moth also needs this advice. He has to now protect this
property from, say, flood, cyclone or other natural disasters.
Here is where wealth management group can help.
It has various benefits like it provides individual and even
families with private banking, estate planning, asset
management, legal service resources, trust management,
investment management, taxation advice, and portfolio
management. "hus, wealth management encompasses asset
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management, client advisory services, and the distribution of
investment products.
H'7s -ealth anagement /roup functioning is different
from that of ICICI ank in that H'C7s 1ower Nantage
(ccount is an exclusive proposition that offers, amongst
other benefits, a uniue feature, called the 1ersonali!ed
Financial 8 eview 41F85. ( trained Financial 1lanner used
the 1F8 to help customers evaluate their finances, identify
their current and future financial needs and assist them in
drawing up a plan to meet them. "his sets it apart from any
other banking account. H'C7s Financial 1lanning 'ervices
offer assistance to secure customer7s future.
"heir Financial 1lanning 'ervices are available for existing
H'C customers and are free of cost.
Aven City ank7s -ealth anagement /roup is different
from ICICI ank7s -. /roup
Citi/old -ealth anagement offers you an exclusive
privilege that comprises ofK
• "ax and estate advisory services through a leading tax
advisory firm in India.
• Free for life Citibank International /old Credit Card.
•
;pdated information on treasury, currency markets.
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• Invites to seminars on capital markets, mutual funds,
budget and taxation.
•Free insurance benefits3 up to 8s +? lakh personal
accident, and baggage and householder insurance.
• Free access to airport lounges at @omestics and
International airports in India.
*ence ith thi# o"$d $i!e to conc$"de -y #aying that
Wea$th management i# a high $e5e$ orm o 1ri5ate
-an!ing and I With groing income#, ea$th
management i# or e5ery-odyI
(E'E(ENCE
httpKLLen.wikipedia.orgLwikiLankingVinVindia
httpKLLwww.money3transfer.inLbanksinindia.html
httpKLLen.wikipedia.orgLwikiLInvestmentVbank
httpKLLwww.blonnet.comLiwL*??9L?6L*:LstoriesL*??9?6
*:??**%%??.htm
httpKLLwww.online.citibank.co.inLportalLcbLbankingLwea
lth3management3servics.htmlWa
:=
http://en.wikipedia.org/wiki/Banking_in_indiahttp://www.money-transfer.in/banksinindia.htmlhttp://en.wikipedia.org/wiki/Investment_bankhttp://www.blonnet.com/iw/2006/05/28/stories/2006052800221100.htmhttp://www.blonnet.com/iw/2006/05/28/stories/2006052800221100.htmhttp://www.online.citibank.co.in/portal/cb/banking/wealth-management-servics.htmlhttp://www.online.citibank.co.in/portal/cb/banking/wealth-management-servics.htmlhttp://en.wikipedia.org/wiki/Banking_in_indiahttp://www.money-transfer.in/banksinindia.htmlhttp://en.wikipedia.org/wiki/Investment_bankhttp://www.blonnet.com/iw/2006/05/28/stories/2006052800221100.htmhttp://www.blonnet.com/iw/2006/05/28/stories/2006052800221100.htmhttp://www.online.citibank.co.in/portal/cb/banking/wealth-management-servics.htmlhttp://www.online.citibank.co.in/portal/cb/banking/wealth-management-servics.html
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httpKLLen.wikipedia.orgLwikiLutualVfund
httpKLLwww.naukri.comLgpwLfidelityLnewLindex.htm
httpKLLwww.fidelity.co.inLaboutVusLindex.htm
httpKLLen.wikipedia.orgLwikiLBwnershipVeuity
httpKLLen.wikipedia.orgLwikiL@ebt
Narious booklets provided by the ank
Aconomic times
http://en.wikipedia.org/wiki/Mutual_fundhttp://www.naukri.com/gpw/fidelity/new/index.htmhttp://www.fidelity.co.in/about_us/index.htmhttp://en.wikipedia.org/wiki/Ownership_equityhttp://en.wikipedia.org/wiki/Debthttp://en.wikipedia.org/wiki/Mutual_fundhttp://www.naukri.com/gpw/fidelity/new/index.htmhttp://www.fidelity.co.in/about_us/index.htmhttp://en.wikipedia.org/wiki/Ownership_equityhttp://en.wikipedia.org/wiki/Debt