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INDUSTRY PROFILE
Banking in India
Banking in India originated in the last decades of the 18th century. The oldest bank in
existence in India is the State Bank of India, a government-owned bank that traces its
origins back to June 1806 and that is the largest commercial bank in the country. Central
banking is the responsibility of the Reserve Bank of India, which in 1935 formally took
over these responsibilities from the then Imperial Bank of India, relegating it to
commercial banking functions. After India's independence in 1947, the Reserve Bank
was nationalized and given broader powers. In 1969 the government nationalized the 14
largest commercial banks; the government nationalized the six next largest in 1980.
Currently, India has 96 scheduled commercial banks (SCBs) - 27 public sector banks
(that is with the Government of India holding a stake), 31 private banks (these do not
have government stake; they may be publicly listed and traded on stock exchanges) and
38 foreign banks. They have a combined network of over 53,000 branches and 17,000
ATMs. According to a report by ICRA Limited a rating agency, the public sector banks
hold over 75 percent of total assets of the banking industry, with the private and foreign
banks holding 18.2% and 6.5% respectively
Early history
Banking in India originated in the last decades of the 18th century. The first banks were
The General Bank of India which started in 1786, and the Bank of Hindustan, both of
which are now defunct. The oldest bank in existence in India is the State Bank of India,
which originated in the Bank of Calcutta in June 1806, which almost immediatelybecame the Bank of Bengal. This was one of the three presidency banks, the other two
being the Bank of Bombay and the Bank of Madras, all three of which were established
under charters from the British East India Company. For many years the Presidency
banks acted as quasi-central banks, as did their successors. The three banks merged in
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1921 to form the Imperial Bank of India, which, upon India's independence, became the
State Bank of India.
Indian merchants in Calcutta established the Union Bank in 1839, but it failed in 1848 as
a consequence of the economic crisis of 1848-49. The Allahabad Bank, established in
1865 and still functioning today, is the oldest Joint Stock bank in India. It was not the
first though. That honor belongs to the Bank of Upper India, which was established in
1863, and which survived until 1913, when it failed, with some of its assets and liabilities
being transferred to the Alliance Bank of Simla.
When the American Civil War stopped the supply of cotton to Lancashire from the
Confederate States, promoters opened banks to finance trading in Indian cotton. With
large exposure to speculative ventures, most of the banks opened in India during that
period failed. The depositors lost money and lost interest in keeping deposits with banks.
Subsequently, banking in India remained the exclusive domain of Europeans for next
several decades until the beginning of the 20th century.
Foreign banks too started to arrive, particularly in Calcutta, in the 1860s. The Comptoire
d'Escompte de Paris opened a branch in Calcutta in 1860, and another in Bombay in
1862; branches in Madras and Pondicherry, then a French colony, followed. HSBC
established itself in Bengal in 1869. Calcutta was the most active trading port in India,
mainly due to the trade of the British Empire, and so became a banking center.
The Bank of Bengal, which later became the State Bank of India.
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The first entirely Indian joint stock bank was the Oudh Commercial Bank, established in
1881 in Faizabad. It failed in 1958. The next was the Punjab National Bank, established
in Lahore in 1895, which has survived to the present and is now one of the largest banks
in India.
Around the turn of the 20th Century, the Indian economy was passing through a relative
period of stability. Around five decades had elapsed since the Indian Mutiny, and the
social, industrial and other infrastructure had improved. Indians had established small
banks, most of which served particular ethnic and religious communities.
The presidency banks dominated banking in India but there were also some exchange
banks and a number of Indian joint stockbanks. All these banks operated in different
segments of the economy. The exchange banks, mostly owned by Europeans,
concentrated on financing foreign trade. Indian joint stock banks were generally
undercapitalized and lacked the experience and maturity to compete with the presidency
and exchange banks. This segmentation let Lord Curzon to observe, "In respect of
banking it seems we are behind the times. We are like some old fashioned sailing ship,
divided by solid wooden bulkheads into separate and cumbersome compartments."
The period between 1906 and 1911, saw the establishment of banks inspired by the
Swadeshi movement. The Swadeshi movement inspired local businessmen and political
figures to found banks of and for the Indian community. A number of banks established
then have survived to the present such as Bank of India, Corporation Bank, Indian Bank,
Bank of Baroda, Canara Bankand Central Bank of India.
The fervor of Swadeshi movement lead to establishing of many private banks inDakshina Kannada and Udupi district which were unified earlier and known by the name
South Canara ( South Kanara ) district. Four nationalized banks started in this district
and also a leading private sector bank. Hence undivided Dakshina Kannada district is
known as "Cradle of Indian Banking".
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COMPANY PROFILE
ICICI Bank is India's second-largest bank with total assets of Rs. 4062.34 billion (US$ 91
billion) at March 31, 2011 and profit after tax Rs. 51.51 billion (US$ 1,155 million) for
the year ended March 31, 2011. The Bank has a network of 2,610 branches and about
8,003 ATMs in India and presence in 19 countries. ICICI Bank offers a wide range of
banking products and financial services to corporate and retail customers through a
variety of delivery channels and through its specialized subsidiaries and affiliates in the
areas of investment banking, life and non-life insurance, venture capital and asset
management. The Bank currently has subsidiaries in the United Kingdom, Russia and
Canada, branches in United States, Singapore, Bahrain, Hong Kong, Sri Lanka, Qatar and
Dubai International Finance Centre and representative offices in United Arab Emirates,
China, South Africa, Bangladesh, Thailand, Malaysia and Indonesia. Our UK subsidiary
has established branches in Belgium and Germany.
ICICI Bank's equity shares are listed in India on Bombay Stock Exchange and the
National Stock Exchange of India Limited and its American Depositary Receipts (ADRs)
are listed on the New York Stock Exchange (NYSE).
Corporate Profile
ICICI Bank is India's second-largest bank with total assets of Rs. 4,062.34 billion (US$
91 billion) as on March 31, 2011.
Board Members
Mr. K. V. Kamath, Chairman
Mr. Sridar Iyengar
Mr. Homi R. Khusrokhan
http://www.icicibank.com/aboutus/board-of-members-kvk.htmlhttp://www.icicibank.com/aboutus/board-of-members-iyengar.htmlhttp://www.icicibank.com/aboutus/board-of-directors-hrk.htmlhttp://www.icicibank.com/aboutus/board-of-directors-hrk.htmlhttp://www.icicibank.com/aboutus/board-of-members-iyengar.htmlhttp://www.icicibank.com/aboutus/board-of-members-kvk.html7/28/2019 1st Chaptetr of Icici Securities of Performance in Mutual Funds
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Dr. Swati Piramal
Mr. Aravind kumar
Mr. M.S. Ramachandran
Mr. Thushaar ShahMr. V. Sridar
Prof. Marti G. Subrahmanyam
Ms. Chanda D. Kochhar,
Managing Director & CEO.
Mr. Sandeep Bakhshi,
Deputy Managing Director.
Mr. N. S. Kannan,
Executive Director & CFO.
Mr. K. Ramkumar,
Executive Director.
Mr. Rajiv Sabharwal,
Executive Director.
Mr. K. V. Kamath is a mechanical engineer and did his management studies from the
Indian Institute of Management, Ahmedabad. He joined ICICI in 1971 and worked in the
areas of project finance, leasing, resources and corporate planning. In 1988, he joined the
Asian Development Bank and spent several years in south-east Asia before returning to
ICICI as its Managing Director & CEO in 1996. He became Managing Director & CEO
of ICICI Bank in 2002 following the merger of ICICI with ICICI Bank. Under his
leadership, the ICICI Group transformed itself into a diversified, technology-driven
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financial services group that has leadership positions across banking, insurance and asset
management in India, and an international presence. He retired as Managing Director &
CEO in April 2009, and took up the position of non-executive Chairman of ICICI Bank
effective May 1, 2009. He was the President of the Confederation of Indian Industry (CII)for 2008-09. He was awarded the Padma Bhushan by the President of India in May 2008.
He was conferred the Lifetime Achievement Awards at the Financial Express Best Bank
Awards 2008 and the NDTV Profit Business Leadership Awards 2008; was named
'Businessman of the Year' by Forbes Asia and The Economic Times' 'Business Leader of
the Year' in 2007; Business Standard's "Banker of the Year" and CNBC-TV18's
"Outstanding Business Leader of the Year" in 2006; Business India's "Businessman of
the Year" in 2005; and CNBC's "Asian Business Leader of the Year" in 2001. He has
been conferred with an honorary PhD by the Banaras Hindu University. He is a member
of the Board of the Institute of International Finance, a Director on the Board of Infosys
Technologies and a member of the Board of Governors of the Indian Institute of
Management, Ahmedabad.
Awards:
Retail
ICICIdirect.com, won the Outlook Money ' Best e- Brokerage Award' seventhtime in a row. Previously, the firm won the award in 2004, 2005, 2007, 2008, 2009
and 2010.
ICICI Securities' Business Partners (Sub Broker channel) won the 'Franchisor ofthe Year 2011' for the third consecutive year.
Anup Bagchi, MD & CEO has been honoured with the Zee Business 'IndustryNewsmaker Award 2010' for his tremendous and unmatched contribution in the
field of Finance
Pankaj Pandey, Head- Research - ICICIdirect has won the Zee Business BestMarket Analyst 2010 award in the Equities Fundamental Category
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CMO Asia Awards for Excellence in Branding and Marketing 2010:
o Brand Leadership Award (overall)o 'Campaign of the Year' for the Trade Racer Campaigno Brand Excellence in Banking and Financial Services for the store
format
o Award for Brand Excellence in the Internet Business
Frost and Sullivan 2009 Award forCustomer Service Leadership ICICIdirect, the neighborhood financial superstore won the prestigious Franchise
India `Service Retailer of the Year 2008 award.
ICICIdirect has also won the CNBC AWAAZ 2007 Consumer Award for theMost Preferred Brand of Financial Advisory Services.
Best Broker - Web 18 Genius of the Web Awards 2007 Franchisor of the year award 2009 Retail concept of the year awards 2009
Institutional
Vikash Mantri tops The Wall Street Journal's Asia's Best Analysts survey in themedia sector for 2010
ICICI Securities is awarded as the Best Investment Bank 2008 by Global FinanceMagazine
The Corporate Finance group also was awarded a runner-up Best MerchantBanker by Outlook Money in 2007.
ICICI Securities (I-Sec) topped the Prime Database League Tables 2007 formoney raised through IPOs/FPOs.
The equities team was adjudged the 'Best Indian Brokerage House-2003' byAsiamoney.
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Technology
IDG India's CIO magazine has recognized ICICI Securities as a recipient of CIO100 award in 2009, 2010 and 2011
ICICI Securities conferred the Gold CIO award jointly by CIOL and Dataquest atthe Enterprise Awards 2010
Indian Bank's Association Business Technology Awards for Best Online TradingPlatform in 2006 and 2007
Special Category
Mr Charanjit Attra, Chief Financial Officer (CFO), ICICI Securities Ltd wasconferred the 'CFO100 recognising the Winning Edge in 2010' award by CFO
India. He won the award for the 'Winning Edge in Cost Management' category.
Legal
The information provided on this site is not intended for distribution to, or use by, any
person or entity in any jurisdiction or country where such distribution or use would be
contrary to law or regulation or which would subject ICICI Securities Limited ( I-Sec ) or
its affiliates to any new or additional registration requirement within such jurisdiction or
country. Neither the information, nor any opinion contained in this site constitutes a
solicitation or offer by I-Sec or its affiliates to buy or sell any securities, futures, options
or other financial instruments or provide any investment advice or service.
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Disclaimer of Warranty and Limitation of Liability
The information on this site is provided on "AS IS" basis. I-Sec does not warrant the
accuracy of the information given herein, either expressly or impliedly, for any particular
purpose and expressly disclaims any warranties of merchantability or suitability for any
particular purpose. Although the information provided to you on this website is obtained
or compiled from the sources we believe to be accurate, I-Sec does not guarantee the
accuracy, completeness or validity of any information made available to you for any
purpose. Neither I-Sec, nor any of its affiliates, directors, officers or employees, will be
liable or have any responsibility of any kind for any loss or damage that you incur in the
event of any failure or interruption of this site, or resulting from the act or omission of
any other party involved in making this site or the data contained therein available to you,
or from any other cause relating to your access to, inability to access, or use of the site or
these materials, whether or not the circumstances giving rise to such cause may have
been within the control of I-Sec or of any vendor providing software or services support.
In no event will I-Sec be liable to you for any remote, special, direct, indirect,
consequential, incidental damages or any other damages of any kind (regardless of the
legal theory on which the claim is based) even if I-Sec or any other party have beeninformed of the possibility thereof.
Copyright or Other Notices
If you download any information or data or software from this website, you agree that
you will not copy it or remove or obscure any copyright or other notices or legends
contained in any such information.
Use of Links
Should you leave this site via a link contained herein, and view content that is not
provided by I-Sec, you shall do so at your own risk. I-Sec makes no guarantees or
representations as to, and shall have no liability for, any electronic content delivered by
7/28/2019 1st Chaptetr of Icici Securities of Performance in Mutual Funds
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any third party, including, the appropriateness, subject matter, quality or timeliness of any
content.
Research
The information contained in the Research Reports uploaded herein has been obtained
from various sources; we do not guarantee its authenticity or validity or completeness.
Neither any information nor any opinions expressed constitute an offer, or an invitation to
make an offer, to buy or sell any securities or any derivative instruments related to such
securities. Investors should take financial advice with respect to the suitability of
investing their monies in any securities discussed or recommended in on this website and
should understand that statements regarding future prospects may not materialize.
Investors should note that each security's price or value may rise or fall and accordingly,
investors may even receive the amounts, which are less than originally invested. Past
performance is not necessarily a guide to future performance. Please carefully read the
detailed disclosures given at the end of every research report.
Contact:
Customer care
email :[email protected]
Compliance Officer
Tel: +91-22-2288 2460 /70
email: [email protected]
SEBI Registration details:
NSE SEBI Registration Number Capital Market :- INB 230773037 | BSE SEBI
Registration Number Capital Market :- INB 011286854, NSE SEBI Registration Number
mailto:[email protected]://www.icicisecurities.com/AboutUs/[email protected]://www.icicisecurities.com/AboutUs/[email protected]:[email protected]7/28/2019 1st Chaptetr of Icici Securities of Performance in Mutual Funds
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Derivatives :- INF 230773037 | NSE SEBI Registration Number Currency Derivatives :-
INE 230773037
CICI Securities empowers over 2 million Indians to seamlessly access the capital market
with ICICIdirect.com, an award winning and pioneering online broking platform. The
platform not only offers convenient ways to invest in Equity, Derivatives, Currency
Futures, Mutual Funds but also other services Fixed Deposits, Loans, Tax Services, New
Pension Systems and Insurance are available. ICICIdirect.com offers a convenient and
easy to use platform to invest in equity and various other financial products using its
unique 3-in-1 account which integrates customer's saving, trading and demat accounts.
Apart from convenience, ICICIdirect.com also offers access to comprehensive research
information, stock picks and mutual fund recommendations among other offerings.
Tailored services and trading strategies are available to different types of customers; long
term investors, day traders, high-volume traders and derivatives traders to name some.
ICICIdirect.com uses the most advanced commercially available 128-bit encryption
technology enabled Secure Socket Layer (SSL), to ensure that the information
transmitted between the client and ICICIdirect.com across the internet is safe and cannot
be accessed by any third party.
ICICIdirect.com is the first broker in India to introduce `Digitally Signed Contract Note'
to its customers. As a result, the process of generating contract notes has been automated
and the same would be instantly available to its customers in a safe and secure manner
through the website.
ICICI Securities has set-up neighbourhood financial stores which offer a variety of
financial products and services under one roof. It is a one-stop shop that facilitates
existing and potential customers to speak to our team and understand their financial plans
and goals. ICICI Securities has 250 stores across 66 cities in India.
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Another unique concept called the ICICIdirect Money Kitchen, was launched in late
2009. An extension of the superstore model, the money kitchen is an innovative financial
store where visitors can create their profiles to not only analyze their investment strategy
by using various financial tools but also monitor it from time-to-time.
To enable our customers to maximize their returns and plan for their future, ICICIdirect
has also started financial planning services at these stores. Customized financial plans can
be created for our customers by dedicated Relationship Managers who will understand
the customer's requirements and future goals.
Based on this information, the Relationship Manager works on creating a comprehensive
and easy-to-read financial plan. This enables ICICIdirect to move from just a
transactional based relationship to a meaningful and value-added long-term relationship
with our customers. ICICIdirect?s services and offerings evolves according to the
customer's ever changing requirements and goals.
Customers can walk-in to the financial superstores for products like ICICIdirect 3-in-1
online trading account, equities, mutual funds, IPO, Life and General insurance, Fixed
Deposits and many other financial products. The stores also conduct periodic training
sessions on markets and demo sessions of the trading website
ICICI Securities understands the need for insightful research to make the right investment
decision. An independent equity research team provides strong and timely updates to
ensure that customer can avail of market opportunities.
The research team focuses on both large cap as well as small and mid-cap. Large cap
companies provide an overview of industry environments, while small and mid-cap
companies are chosen 'bottom-up', providing a unique perspective to a generally under-
researched end of the market. The focus is on identifying companies, which we believe
are likely to generate wealth for investors on a sustained basis through in-depth
fundamental research.
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We cater to the entire gamut of investment and return horizon requirements of an investor
through our flagship offerings like Detailed Company Report, Pick of the Week, Model
Portfolio, Stock on the Move, Daily & Weekly derivatives, Intra-day calls, Daily, Weekly
& Monthly Technicals with a regular update on the performance of our calls.
The Active Trader Service is an innovative offering from ICICI Securities which is ideal
for those who are truly 'born traders'.
As a customer of the Active Trader Service, we assure you truly personalised service
with a dedicated relationship manager assigned to your account.
We have also set up a special research team who is focused on helping you achieve yourtargets .The research team has developed a robust set of research products to help you
make informed investment decisions, depending on your risk profile, by analysing
derivative market cues and other news as well as market and corporate information.
Some of the research products which we offer are as follows : Positional Calls, Technical
Picks, Momentum Picks, Roll Over Monitor, Open Interest Insight, Special Situation
Arbitrage, Pair Calls.
The Equity Advisory Group (EAG) is a team of advisors dedicated to providing
customers personalised advisory services. It is aimed at maximising the customer's
investment returns and keeping him updated on the stock markets and the economy.
A Personal Equity Advisor will closely monitor the client's portfolio and keep him
updated on the latest happenings in equity market with the help of our fundamental and
technical research.
EAG services are customised according to the client's risk appetite and investment
horizon. A personal equity advisor, backed by our research team, provides the customer
with timely advice on the stock market.
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The Wealth Management Group is a team of specialists who offer specific advisory
services to meet both personal and business wealth requirements of HNIs.
The team creates customized strategies to meet Customer's investment goals of wealthaccumulation, wealth preservation and liquidity. In addition to mutual funds, fixed
deposits and other traditional products, we also offer alternate investment avenues of
Private Equity, Structured / Customized products for investors with specific views on the
markets and Portfolio Protection Strategies for large investors.
The attempt is to bring world class investment products to our customers through over 15
centres of ICICIdirect.
ICICI Securities is the member of NSE & BSE and registered as Broker. It provides
business opportunity to entrepreneurs by registering them as Sub-Brokers / Authorised
Person. ICICI Securities provides trading terminals through which the Sub-broker can
offer a range of financial products like Equities, Derivatives, Currency Derivatives, IPO,
MF, Bonds, Fixed Deposits etc.
Another way to get associated with ICICI Securities, As an Independent financial
Advisor and gain access to a wide range of financial products like MF, IPOs, Bonds,
Corporate Fixed Deposits.
One can also be associated as an Investment Advisor to sell a range of financial products
like IPO, Bonds, Fixed Deposits, etc. to their set of customers. In addition, they cal also
sell asset products like Home Loans, Education Loans, etc. to the customers.
ICICI Securities facilitates access to capital for the growth engine of the Indian economy
which is the corporate sector including large, medium and small enterprises; both from
the public and private markets.
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ICICI Securities' engagements include Equity Capital Markets, Private Equity
Intermediation and Public Issuance of Debt.
Key Recent Deals
In FY2010, ICICI Securities has helped companies raise ~ US$ 1.86 billion through QIPs
and IPOs. (Source: Prime Database).
Some of the recent transactions for FY2010 and FY 2011 include:
IPOs
Jaypee Infratech: In 2010, Book Running Lead Manager, Rs. 22.6 bn A2Z Maintenance & Engineering Services: In 2010, Book Running Lead
Manager, Rs. 8.6 bn
Punjab & Sind Bank: In 2010, Book Running Lead Manager, Rs. 4.7 bn Nitesh Estates: In 2010, Book Running Lead Manager, Rs. 4.1 bn Shree Ganesh Jewellery House:: In 2010, Book Running Lead Manager, Rs. 3.7
bn
Claris Life Sciences : In 2010, Book Running Lead Manager, Rs. 3 bn Parabolic Drugs: In 2010, Book Running Lead Manager, Rs. 2 bn Commercial Engineers & Body Builders Co: In 2010, Book Running Lead
Manager, Rs. 1.7 bn
Adani Power: In 2009, Book Running Lead Manager, Rs. 30.2 bn JSW Energy: In 2009, Book Running Lead Manager to the IPO of Rs. 27 bn Godrej Properties: In 2009, Book Running Lead Manager, Rs 4.7 bn
Indian Depository Receipts (IDRs)
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Standard Chartered: In 2010, Syndicate Member ? first-ever issuance of an IDR,Rs. 24.8 bn
FPOs
NTPC: In 2010, Book Running Lead Manager, Rs 84.8 bn Power Grid Corp. Of India: In 2010, Book Running Lead Manager, Rs 74.4 bn Rural Electrification Corporation: In 2010, Book Running Lead Manager, Rs
35.3 bn
Shipping Corporation Of India: In 2010, Book Running Lead Manager, Rs 11.6bn
Engineers India: In 2010, Book Running Lead Manager, Rs 9.6 bn
Public Issue of Debt
Shriram Transport Finance Company: In 2010 & 2009 , Lead Manager, Rs 15bn
L &T Infrastructure Finance Company: In 2010, Lead Manager, Rs 2.6 bn
QIPs
Adani Enterprises: In 2010, Book Running Lead Manager, Rs. 40 bn GMR Infrastructure: In 2010, Lead Manager, Rs. 14 bn Lanco Infratech: In 2009, Book Running Lead Manager, Rs. 7.3 bn Alok Industries : In 2010, Book Running Lead Manager, Rs. 4.2 bn Network18 Media & Investments: In 2009, Book Running Lead Manager, Rs. 2
bn
3I Infotech: In 2010, Book Running Lead Manager, Rs. 1.8 bn
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Texmaco: In 2009, Sole Book Running Lead Manager, Rs. 1.7 bn Adhunik Metaliks: In 2009, Book Running Lead Manager, Rs. 1.4 bn
Rights Issues
Adani Enterprise: In 2010, Lead Manager, Rs. 14.8 bn IBN18 Broadcast: In 2010, Sole Lead Manager, Rs. 5.1 bn Television Eighteen India: In 2009, Lead Manager, Rs. 5.04 bn Infomedia18 : In 2009, Lead Manager, Rs. 1 bn Open Offer Fame India : In 2010, Sole Manager to the Offer, Rs. 1.8 bn Zenotech Laboratories : In 2010, Sole Manager to the Offer, Rs. 1.1 bn OCL Iron & Steel : In 2009, Sole Manager to the Offer, Rs. 0.56 bn
Delisting
Sulzer India : In 2010, Sole Manager, Rs. 0.81 bn Lotte India Corp: In 2009, Sole Manager, Rs. 0.4 bn Avery India : In 2009, Sole Manager, Rs. 0.29 bn
Landmark Transactions
Tata Motors: First Rights Issue of shares with Differential Voting Rights Tata Capital: First public issue of secured Non Convertible Debentures (NCD) Daiichi Sankyo Co: Sole Managers to the one of the largest open offers of Rs
68.2 bn
Bharti Airtel: First 100% Book-Built IPO in India HP: First delisting transaction in Indian markets using the Reverse Book-building
mechanism
Punjab National Bank: Initiated the Book Building mechanism for Public SectorBanks
NTPC: First FPO under alternate book building (French Auction) route
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Network 18 : First Rights Issue done on the basis of Partly ConvertibleCumulative Preference Shares with a three in one structure
Television Eighteen : First IPO of a News Channel
Maruti Suzuki: First Government Of India Divestment through IPO Sify: Sponsored ADR of an unlisted Indian company
ICICI Securities assists global institutional investors to make the right decisions through
insightful research coverage and a client focused Sales and Dealing team. A dedicated
and specialized research team ensures flow of well thought-out and well-researched stock
ideas and portfolio strategies.
The Sales and Dealing team has demonstrated strong sales and execution capabilities of
actionable ideas to clients which have resulted in good relationships across geographies.
ICICI Securities enjoys the first mover and market leader advantage in the derivatives
segment and offers the entire spectrum, from set-up to trading strategy.
The equity group leverages research and distribution reach to domestic and foreigninstitutional investors in case of public offerings. The research team tracks over 15 key
sectors of the Indian economy and publishes in-depth research reports every year. The
equity group acts as a bridge for institutional investors and corporate clients with the
markets.
ICICI Securities is the first domestic Investment Bank to organize theme based
conferences in New York, Shanghai, Singapore & Hong Kong.
ICICI Foundation for Inclusive Growth (ICICI Foundation) was founded by the ICICI
Group in early 2008 to give focus to its efforts to promote inclusive growth amongst low-
income Indian households.
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We believe our fundamental challenge is to create a just society one where everyone
has equal opportunity to develop and grow. Towards this end, ICICI Foundation is
committed to making Indias economic growth more inclusive, allowing every individualto participate in and benefit from the growth process.
We hold a set of core beliefs and values that defines our pathway towards inclusive
growth and guides our five strategic partnerships.
Vision
Our vision is a world free of poverty in which every individual has the freedom and
power to create and sustain a just society in which to live.
Mission
Our mission is to create and support strong independent organizations which work
towards empowering the poor to participate in and benefit from the Indian growth
process.
As a key partner in India's economic growth for more than five decades, the ICICI Group
endeavors to promote growth in all sectors of the nations economy. To give focus to its
efforts to promote inclusive growth amongst low-income Indian households, the ICICI
Group founded ICICI Foundation for Inclusive Growth in January 2008.
The foundations of ICICI Groups approach towards human and social development were
established with the Social Initiatives Group (SIG), a non-profit resource group within
ICICI Bank, in 2000.
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ICICI Foundation for Inclusive Growth (ICICI Foundation) has been set up as a public
charitable trust registered at Chennai vides registration of the Trust Deed with the Sub-
Registrars Office at Chennai on January 04, 2008.
The application for registration of the Foundation under section 12AA of the Income tax
Act, 1961 (the Act) was filed on February 7, 2008 and the application under section
80G of the Act was filed on February 14, 2008. Subsequently, ICICI Foundation was
registered as a PUBLIC CHARITABLE TRUST under Section 12AA of the Act with
effect from February 7, 2008. Further, ICICI Foundation received approval under Section
80G(5)(vi) of the Act on March 19, 2008. This approval is valid in respect of donation
received by ICICI Foundation from February 14, 2008 to March 31, 2009. Accordingly,
ICICI Bank and Group Companies will be eligible to get a deduction under section 80G
on donations made during this period.
ICICI Foundation has also obtained its Permanent Account Number (PAN) and Tax
deduction Account Number (TAN).
Funds Flow 2008-2009
ICICI Foundation received Rs.617.80 million from the following sources as grants:
(January 4, 2008 to March 31, 2009) (spanning two financial years)
Source (January 4, 2008March 31, 2009)Amount (Rs.
million)
ICICI Bank 500.00
ICICI Prudential Life Insurance 67.72
ICICI Lombard General Insurance 17.12
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ICICI Securities 14.98
ICICI Securities PD 6.99
ICICI Home Finance 1.99
ICICI Venture 9.00
Total 617.80
ICICI Foundation also incurred total expenses of Rs.1.25 million during this period andhad a fund balance of Rs.61.55 million as on March 31, 2009.
Disbursements (January 4, 2008 to March 31, 2009)
Grant Beneficiaries (January 4, 2008March 31, 2009)Amount (Rs.
million)
ICICI Foundation Programmes
ICICI Centre for Child Health and Nutrition 150.00
IFMR Finance Foundation 200.00
Environmentally Sustainable Finance 20.00
CSO Partners 50.00
CARE (Policy Unit) 5.00
Strategy and Advisory Group 20.00
ICICI Group Corporate Social Responsibility Programmes
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Read to Lead 25.00
MITRA (ICICI Fellows Programme) 55.00
CARE (Disaster Management Unit) 5.00
Rang De 25.00
Total 555.00
Grant Beneficiaries for 2008-2009
ICICI Foundation Programmes
ICICI Centre for Child Health and Nutrition (ICCHN)
The grant of Rs.150.00 million was provided to ICCHN by way of corpus support and
for pursuing various projects consistent with its mission.
IFMR Finance Foundation (IFF)
The grant of Rs.200.00 million was provided to IFMR Finance Foundation by way of
corpus support and for pursuing various projects consistent with its mission.
Environmentally Sustainable Finance (ESF)
The grant of Rs.20.00 million was provided to ESF for their collaboration work with
Rural Energy Network Enterprise (RENE) on sustainable energy and environment
projects benefiting remote rural end users. The proposed projects will promote
developing tools and driving innovation to scale rural energy access for remote rural
users.
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CSO Partners
The grant of Rs.50.00 million was provided to CSO Partners by way of corpus support
and for pursuing various projects consistent with its mission.
CARE (Policy Unit)
A grant of Rs.5.00 million was provided to CARE, an Indian NGO that is closely
affiliated with CARE (USA), to create a policy unit in Delhi. Learning from CAREs
work in India and world-wide as well as from the work of ICICI Foundation and its
partners, the unit will serve as a platform to engage the government and policymakers in
an effort to bring about required policy changes in areas such as maternal and child
health.
Strategy and Advisory Group (SAG)
Charitable foundations in India and world-wide struggle to fully develop the strategy
formulation, knowledge management and impact assessment dimensions of their work. A
grant of Rs.20.00 million was provided to Strategy and Advisory Group (SAG), a team at
Centre for Development Finance that provides strategic advisory services to clients in the
development sector, to develop these functions and to offer their expertise to foundations
in general, including ICICI Foundation.
ICICI Group Corporate Social Responsibility Programmes
Read to lead is an initiative of ICICI Bank to facilitate elementary education for
disadvantaged children in the age group of 6-13 years. An amount of Rs.25.00 million
has thus far been disbursed to 100,000 children through 30 NGOs. The balance amount of
Rs.75.00 million is planned to be disbursed during the period 2009-2010.
MITRA (ICICI Fellows Programme)
http://www.icicifoundation.org/cso-partners.htmhttp://www.icicifoundation.org/cso-partners.htmhttp://www.ifmr-cdf.in/pg/groups/1223/Strategy-Advisory-Group&type=Program%20area&int=1223http://www.icicifoundation.org/icici-prudential-life.htmhttp://www.icicifoundation.org/icici-prudential-life.htmhttp://www.ifmr-cdf.in/pg/groups/1223/Strategy-Advisory-Group&type=Program%20area&int=1223http://www.icicifoundation.org/cso-partners.htm7/28/2019 1st Chaptetr of Icici Securities of Performance in Mutual Funds
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MITRA is an affiliate of CSO Partners that is focused on addressing the challenge of
human resources for civil society organizations (CSOs). In partnership with CSO Partners
and MITRA, ICICI Foundation proposes to launch an ICICI Fellows Programme. Anamount of Rs.55.00 million has been disbursed to MITRA for developing and launching
the programme over the period 2009-2010.
CARE (Disaster Management Unit)
A grant of Rs.5.00 million has been given to CARE in India to enable it to prepare for
any future disasters that may strike and respond immediately with the required relief
efforts.
Rang De (Micro Enterprise Development)
Rang De, an affiliate of CSO Partners, has partnered with ICICI Venture to roll out funds
for micro enterprise development in rural and semi-urban locations. The amount of
Rs.25.00 million that has been disbursed to them will support micro enterprises to the
extent of Rs.15.00 million and the balance amount of Rs.10.00 million will go towards
meeting their expenses to build the platform.
OBJECTIVES:
Objective of this study is to analyze the Past Performance of the various Mutual Funds
Schemes on the Basis of there Historical NAVs and application of statistical tools on the same.
This helps in understanding the performance of mutual fund schemes in terms of both risk as
well as return involved
http://www.icicifoundation.org/icici-group-companies.htmhttp://www.icicifoundation.org/icici-venture.htmhttp://www.icicifoundation.org/icici-venture.htmhttp://www.icicifoundation.org/icici-group-companies.htmTop Related