Portfolio Management Services

Portfolio Management Services (PMS) is a sophisticated investment vehicle that offers a range of specialized investment strategies to capitalize on opportunities in the market. SMC Private Wealth offers PMS as an investment vehicle for select investors with an option to personalize and customize portfolios through investment mandates. We also offer equity Portfolios which look to generate capital appreciation by investing in a diversified portfolio of equity or equity-related securities. These portfolios are structured to suit different risk profiles of customers.

Investment Philosophy

Robust Fundamentals

Strong Track Record in Terms of top & Bottom line
Efficient Capital Allocation
Sustainable ROEs/ROCEs
Debt Profile & Cash FLow Generation

Exemplary Corporate Governance

Ethical Management Practices
Shareholder Friendly Decisions
Evaluating Promoter's Track Record
Accounting Red Flags

Bright Future Outlook

Industry Prospects
Size of Opportunity
Sustainability of the future Earnings
Management's Long-Term Outlook

Attractive Valuation

Historical Valuation of the Company
Valuation analysis of the industry
Estimation of the Fair Value
Re-Rating of the Multiples

Robust Fundamentals

Strong Track Record in Terms of top & Bottom line
Efficient Capital Allocation
Sustainable ROEs/ROCEs
Debt Profile & Cash FLow Generation

Exemplary Corporate Governance

Ethical Management Practices
Shareholder Friendly Decisions
Evaluating Promoter's Track Record
Accounting Red Flags

Bright Future Outlook

Industry Prospects
Size of Opportunity
Sustainability of the future Earnings
Management's Long-Term Outlook

Attractive Valuation

Historical Valuation of the Company
Valuation analysis of the industry
Estimation of the Fair Value
Re-Rating of the Multiples

Growth PMS Top 10 Holdings^*

Scheme Security	Portfolio Category	Wtg
Reliance Industries Ltd	Refineries	6.00
Affle India Ltd	IT Consulting & Other Services	4.50
Shriram Finance Ltd	Finance	4.50
Aster Dm Healthcare Limited	Healthcare Services	4.00
HDFC Bank Ltd	Banks	4.00
State Bank of India	Banks	4.00
Sansera Engineering Ltd	Auto Components & Equipments	4.00
RateGain Travel Technologies Ltd	Computers - Accessories	4.00
Larsen & Toubro Ltd	Engineering	4.00
Arvind Fashions Ltd	Retailing	4.00

^*Data as on 31st January 2025

Category	3 M (%)	6 M (%)	1 Y (%)	2 Y (%)	3 Y (%)	4 Y (%)	5 Y (%)	SI
SMC PMS	-7.57	-10.30	3.56	17.27	12.60	16.62	15.69	15.34
NIFTY 50 TRI	-2.71	-5.31	9.55	16.70	12.01	15.96	15.80	15.91
BSE 500 TRI	-4.82	-8.23	9.70	20.97	14.16	18.70	18.24	18.50

Why SMC Growth Portfolio?^***

Efficiency

All the companies in the model portfolio are profit making and more than 85% are dividend paying companies
More than 85% of the companies in the model portfolio have positive operating cash flow
Weighted Average Return on Capital Employed (ROCE) of the model portfolio is above 13%

Solvency

More than 90% of the companies in the model portfolio have Debt-to-Equity ratio below 0.70
More than 90% of the companies in the model portfolio have interest coverage ratio above 3 times
More than 80% of the companies in the model portfolio holding have no promoter pledge

Shareholding

More than 80% of the companies in the model portfolio have promoter holding above 40%
More than 75% of the companies in the model portfolio have institutional holding above 10%

Valuation

Weighted average model portfolio P/E of 15.7 is at a discount of 42% as compared to S&P BSE 500 index P/E of 22.3
Current model portfolio EPS of INR 856 is at 44% premium to its 5 year average EPS of INR 556

Efficiency

All the companies in the model portfolio are profit making and more than 85% are dividend paying companies
More than 85% of the companies in the model portfolio have positive operating cash flow
Weighted Average Return on Capital Employed (ROCE) of the model portfolio is above 13%

Solvency

More than 90% of the companies in the model portfolio have Debt-to-Equity ratio below 0.70
More than 90% of the companies in the model portfolio have interest coverage ratio above 3 times
More than 80% of the companies in the model portfolio holding have no promoter pledge

Shareholding

More than 80% of the companies in the model portfolio have promoter holding above 40%
More than 75% of the companies in the model portfolio have institutional holding above 10%

Valuation

Weighted average model portfolio P/E of 15.7 is at a discount of 42% as compared to S&P BSE 500 index P/E of 22.3
Current model portfolio EPS of INR 856 is at 44% premium to its 5 year average EPS of INR 556

Note: Figures are considered after the FY23 annual results, as of March 31, 2023. It's important to note that Banks and NBFCs have been excluded from the model portfolio analysis as they require separate calculations. The numbers are adjusted wherever necessary, to make them meaningful.

Portfolio Management Services

SMC Growth PMS

Investment Objective

Investment Philosophy

Robust Fundamentals

Exemplary Corporate Governance

Bright Future Outlook

Attractive Valuation

Growth PMS Top 10 Holdings^*

Performance Data^**

Why SMC Growth Portfolio?^***

Risk Management

Direct On-Boarding

Portfolio Management Services

SMC Growth PMS

Investment Objective

Investment Philosophy

Robust Fundamentals

Exemplary Corporate Governance

Bright Future Outlook

Attractive Valuation

Growth PMS Top 10 Holdings*

Performance Data**

Why SMC Growth Portfolio?***

Risk Management

Direct On-Boarding

Growth PMS Top 10 Holdings^*

Performance Data^**

Why SMC Growth Portfolio?^***