"
ANVIL" offers following services:
Equity
Derivatives
Institutional Sales
PMS
Private Equity
Arbitrage
Equity
Investing in Equity Instruments requires necessary skill,
proper research and focus in the market. Equity market investment is profitable
and it has always given high returns, if proper choice of sectors and securities
is made.
Anvil provides end-to-end equity solutions to institutional and individual investors.
Consistent delivery of high quality advice on individual stocks, sector trends and
investment strategies has established us as a competent and reliable broking house.
Derivatives
The introduction of futures and options trading has changed the face of Indian stock
markets. Investors now have access to a new market, where they can hedge their investments
in stocks and limit their risk to give higher returns in percentage terms. They
can also leverage their positions by paying a margin towards the purchase of the
stocks.
Institutional Sales
Anvil provides end-to-end equity solutions to Domestic Financial Institutions, Mutual
Funds and Banks, with strong emphasis on confidentiality in a sensitive business
environment.
Arbitrage
Anvil specializes in Stock Futures Arbitrage and Pair Trading Strategies. Arbitrage
offers superior risk return than conventional strategies.
Private Equity
Private Equity is an asset class, consisting of equity of an operational company
that is not publicly traded on a stock exchange. Private Equity is either an investment
of capital in an operational company or its acquisition. Capital for Private Equity
is raised primarily from institutional investors.
Anvil provides corporate advisory solutions and arranges private equity funds for
companies, enabling them to emerge as significant players in their respective segment.
The primary investment objective of the private equity is to achieve long-term capital
appreciation by providing financial, strategic and operational assistance to emerging
companies.
Portfolio Management
Anvil has launched its PMS through its 100% subsidiary, Anvil Wealth Management
Pvt. Ltd. (AWMPL), with a belief in concentrated investment approach in the best
ideas, to create customizable portfolios. With a disciplined approach covering wider
investment universe, we believe in focusing on high quality companies at reasonable
prices.
Equity
Investing in Equity is undoubtedly the best route to long-term wealth creation.
Hence, investing in Equity Instruments require necessary skills, proper research
and focus in the market. Equity market investment is profitable and it has always
given high returns, provided proper choice of sectors and securities is made.
Anvil provides end-to-end equity solutions to institutional and individual investors.
The investment ideas identified by the research team are presented and communicated
to our clients. Consistent delivery of high quality advice on individual stocks,
sector trends and investment strategies has established us as a competent and reliable
broking house.
Clients can trade through us offline and online on BSE and NSE for equities. Real
time administration and highly trained dealers provide fast execution of client’s
broking requirements. Clients can access research and investment ideas through website.
Anvil provides 24*7 Web-enabled back office support to its esteemed clients.
Derivative
The term "
Derivative" indicates that its value is entirely derived
from the value of the underlying asset, which can be stocks, securities, commodities,
bullion or currency. Derivative means a forward, future, option or any other hybrid
contract of pre-determined fixed duration linked to the value of a specified real
or financial asset.
The introduction of futures and options trading has changed the face of Indian stock
markets. Investors now have access to a new market, where they can hedge their investments
in stocks and limit their risk to get higher returns in percentage terms. They can
also leverage their positions by paying a margin towards the purchase of the stocks.
Leverage is a double-edged sword for which one requires proper guidance. Our strategist
helps the clients on various strategies like Bull Spread, Bear Spread, Covered Call
and Hedging Techniques.
Anvil specializes in advising clients on innovative Derivatives strategies for superior
risk-return profile. We use option strategies for managing client risk-return profile
and provide faster execution of Derivatives transactions. The derivatives are highly
lucrative instruments, which give an opportunity to earn superlative profits. Derivative
products are usually for clients with high-risk appetite. High degree of discipline
is required to protect one’s capital.
Institutional Sales
ANVIL provides end-to-end equity solutions to Domestic Financial Institutions, Mutual
Funds and Banks, servicing their unique and sophisticated needs, with strong emphasis
on confidentiality in a sensitive business environment. Trust, Integrity and Research
become an integral part of Institutional Servicing.
Dedicated sales team backed by research and technical analysis enable us to provide
necessary support to our empanelled clients. Research ideas are generated after
in-depth analysis of the Indian and the World Economy, along with various Corporate
Sectors. Real time administration and highly trained dealers help to source and
place block trades with great accuracy, thus enabling us to maintain strong relations
with leading institutional investors.
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| 1. About us |
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| Anvil has launched its PMS through its 100% subsidiary, Anvil Wealth Management Pvt. Ltd. (AWMPL) in 2008, with a belief in concentrated investment approach aligned with the best ideas, to create customizable portfolios. With a disciplined approach covering wider investment universe, we believe in focusing on high quality companies available at reasonable prices. The philosophy is to invest in companies that have a strong competitive advantage over their peers with adequate margin of safety on capital invested. We believe in auctioning only within the area of competence. This approach gives us an absolute flexibility to invest in companies with no restriction on sector/company allocation.
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| To meet the investment needs and facilitate wealth creation, AWMPL provides Portfolio Management, Advisory services and AIF Category III services to its clients. Absolutely focused on research, we assist our clients to achieve a better risk-return profile on their portfolios. |
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| Our Journey |
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Anvil Group started Stock Broking business since 1989 and recommended its clients for long term investment for enhanced returns. As Markets kept evolving, the business dynamics and valuations accordingly changed over the years. But most of the investors were not aware about the right time to sell or switch to better alternate opportunities.
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Thus, Anvil Stock broking started its PMS business initially to manage portfolios of friends, family and close acquaintance to help them invest for higher returns. The PMS services helped the investors to shred off their involvement in the buying and selling of shares and helped them to focus on their core business. |
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Anvil Wealth Management started with 10 clients and 2 crores AUM in 2008 and whereas it successfully manages the AUM of Rs.642 crores as on April, 2020 under PMS services. |
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| 2. Services Offered |
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Discretionary Portfolio Management Services (DPM Services) |
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Under DPM Services, AWMPL deploy the Portfolio of its Clients by investing and/or divesting suitably in the Indian capital markets as per the Act and the Regulations at its sole and absolute discretion.
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We will provide DPM Services which includes the responsibility of managing, renewing and reshuffling the Portfolio, buying and selling of Securities, keeping safe custody of the Securities through custodian and monitoring book closures, dividend, bonus, rights etc. so that all benefits accrue to the Client’s Portfolio, for an agreed fees structure, entirely at the risk of the Client. |
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We act in fiduciary capacity on behalf of the client and provide the services in hassle-free and transparent manner. |
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Advisory Services |
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The Advisory Services is envisaged under SEBI (Portfolio Managers) Regulations, 2020 as amended from time to time. Our responsibility includes advising on the portfolio strategy and investment and divestment of individual securities on the client’s portfolio, for an agreed fee structure, entirely at Client Risk.
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We provide investment advice on a non-binding basis. All other incidental activities pertaining to execution and settlement are solely the Client's responsibility. |
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Alternative Investment Fund Santulan Growth Fund:
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Santulan Growth Fund is registered under Securities and Exchange Board of India Category III Alternative Investment Fund Regulations (2012) in October, 2019. It is managed by Anvil Farlap LLP, a partnership between Anvil Wealth Management Private Limited and Farlap Group.
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The Santulan Growth Fund follows same strategy as the PMS. The Fund intends to hold a concentrated portfolio with a higher allocation to its best ideas with minimum churn to generate strong returns over a multi-year horizon. |
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| 3. How it works? |
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The client provides information of his existing holding of shares/cash available for investment. Based on individual’s return expectations, a customized portfolio is made. An agreement prescribed by SEBI and necessary Broker documents as per BSE/NSE are executed. The Client's fund shall be placed with us for a minimum period of twelve months and shall continue to subsist until terminated by us or the Client
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| Documents required are: |
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Portfolio Management Scheme Agreement laying out the terms and fee structure. |
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Depository Account opening with designated custody. |
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Separate Bank account with designated bank. |
| Client Services |
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We update clients on a regular basis through monthly reports which includes Portfolio holding Statement, Transaction details, Performance statement, Dividend details. We share audited Annual accounts at year end also. |
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| 4. Team |
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| Board of Directors |
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Mr. Nimesh Doshi:
He is a Co-Founder of the Anvil Group. His firm merged with Anuj Sheth’s firm in 2001 creating the Anvil Group. He is a long-term investor in the Indian market with 25 years of experience. |
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Mr. Nilesh Maniar:
Nilesh Maniar has 30 years of experience in capital markets. He is currently heading the operations of Anvil Group. He holds a Bachelor’s Degree in Commerce from the University of Mumbai and holds a Chartered Accountant degree from the Institute of Chartered Accountants of India (ICAI), New Delhi |
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| Investment Team |
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Mr. Kaushal Chandarana:
He is the Fund Manager and Principal officer of AWMPL and has been with the team since 2003. He has deep experience in equity research covering Metals and Mining. Under his guidance the assets under management of the Anvil’s portfolio management services has grown to USD c. 102m. He holds a Chartered Accountant degree from the Institute of Chartered Accountants of India (ICAI) New Delhi. |
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Mr. Eshit Sheth:
He is a Co-Fund Manager of AWMPL. He started his career with Anvil group in 2009. He worked in the research team for 9 years before recently joining Anvil Wealth division in January 2018. He has strong research capabilities in Automobiles and Healthcare. He is a CFA charter holder from CFA Institute, USA. |
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Mr. Siddharth Bhattacharya:
He is a Senior Investment Analyst at AWMPL & has been part of the team from last 2 years. He has total experience of 15 years with profound understanding of various sectors & investment themes. Having been part of a sector-agnostic team that managed ~$1.5 Bn in India, he possesses all the necessary skills to analyze company business models across sectors. He is a CFA charter holder since 2013 & is also an MBA & Engineer by qualification. |
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Mr.Dhaval Shah:
He is a Data Analyst at AWMPL since 2009. He has experience in equity research covering Metals and Mining. Mr. Dhaval is an MBA in Finance and holds Bachelor of Commerce Degree from Mumbai University. |
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| Operations Team |
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Mr. Dhiren Jhaveri:
He is CEO of Anvil Wealth and joined them in Sep 2018 with 24 years of work experience. He was previously working as Chief Financial Controller of Altico Capital, a foreign owned NBFC. He holds a Chartered Accountant degree from The Institute of Chartered Accountants of India (ICAI) New Delhi, a Company Secretary degree from The Institute of Company Secretaries of India, a Bachelor of Law degree from Mumbai University and Bachelor of Commerce degree from Mumbai University. |
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Ms.Deepika Jain :
She is Finance Manager of Anvil Wealth and has 5 years of work experience. As a Chartered accountant & Company secretary, she carries a vast knowledge in the field Accounts, Taxation and regulatory matters. She has prior experience with large corporates in Group tax and Business compliance team. |
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Mr. Nitin Ghadi:
He is Compliance officer at AWMPL since 2018. Mr. Nitin has 15 years of experience in Finance, Compliance and Operations into PMS and total experience of 25 years. Mr. Nitin is MBA in finance. |
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Mr. Bhavesh Shah:
Mr. Bhavesh manages the Client relations and Client On-boarding process. He has been associated with the group from last 27 years and has worked majorly in all business verticals of Anvil Group. |
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| 1. Investment Philosophy |
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Our investment philosophy is based on long term perspective with focus on business performance rather than short term performance. |
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Long-term investment avoids the need and risk of timing the market, and is the best way to reduce the impact of market fluctuations. The power of compounding also works in favor of long-term investor. |
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We follow Bottom-up approach wherein the focus is on the company’s performance rather than overall economy. |
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Our qualified and experienced research team devises the strategy of investment and work with concentrated portfolio. We use various tools of fundamental and technical analysis with real time data to optimize our performance. |
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At AWMPL, we are constantly in touch with our clients to understand their needs and to get their feedback. We have an effective and prompt system of reporting in place. Our focus is on value-based investment with medium to long-term perspective. |
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| 2. Investment Approach |
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| The investment style would vary depending upon the specific requirements of the client. The broad investment style for discretionary equity portfolios is outlined below: |
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Stock picking
We believe that there are always good companies to invest in irrespective of the market conditions. We endeavour to identify and invest in such companies subject to opportunities.
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Diversified Portfolio
We shall endeavour to have a diversified portfolio in terms of stocks.
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Investment style anchored in growth
AWMPL will typically invest in stocks which offer growth or an upside on account of a potential earnings and growth and which are available at reasonable valuations. The valuation measures typically used are Price Earnings multiples (PEx), Price to Book multiples (PBx), Price Earning adjusted to Growth (PEG), Price to Cash flow and such other valuation metrics as deems fit. Notwithstanding the above, we are not averse to participating in momentum stocks within reasonable limits.
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Taking advantage of market opportunities
Active management of the portfolio is essential in today’s volatile and dynamic times. Thus we attempt to take advantage of market opportunities in an attempt to maximise returns to clients.
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Using tactical asset allocation
We may move between asset classes i.e. equity and liquid depending upon market conditions. This will be done mainly with an endeavour & objective of protecting capital when markets are uncertain or have a downward bias.
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Holding Stocks for Long term
We will strategize majority of the stocks are bought with at least a 3-5 year horizon. However, depending on market pricing, some stocks can be sold for better potential opportunities. Long-term investments almost always outperform the market in terms of time returns to their investments with less risk.
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| Historical Performance of AWMPL Movement in AUM
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| AWMPL returns versus Nifty
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DISCLOSURE DOCUMENT FOR PORTFOLIO MANAGEMENT SERVICES
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Private Equity
Private Equity is an asset class, consisting of equity of an operational company
that is not publicly traded on a stock exchange. Private Equity is either an investment
of capital in an operational company or its acquisition. Capital for Private Equity
is raised primarily from institutional investors.
Anvil provides corporate advisory solutions and arranges private equity funds for
companies, enabling them to emerge as significant players in their respective segment.
The primary investment objective of the private equity is to achieve long-term capital
appreciation by providing financial, strategic and operational assistance to emerging
companies.
Anvil helps its clients to: -
Get additional capital for growth via Private Equity
Benefit from our strategic financial advice
The companies Anvil supports will have: -
A sustainable and scalable business model
Strong competitive advantage
Top-quality motivated management team
Good cash flow generating business
Intention to create value for all stakeholders
Arbitrage
ANVIL specializes in Stock Futures Arbitrage and Pair Trading Strategies. Arbitrage
offers superior risk return than conventional strategies when large funds are involved.
Anvil’s expertise is in absolute online monitoring of Index composition, fresh allotment
of shares, mergers and de-mergers that affect the weightage and market capitalization
of the constituent stocks. Various software procured or developed in-house, are
used for monitoring of positions and execution of trades. With more and more sectoral
indices being introduced and volumes increasing rapidly in the derivatives segment,
there is a large potential for better realizations, smoother execution and wider
options in arbitrage.
We are also looking at offering product based on Spot to Future arbitrage. With
more scripts being added to the Derivatives segment, larger volumes and open positions
in the market, there is now a better scope of the basic Spot/Futures arbitrage,
as a safe and consistent avenue.
Apart from these, we are on constant lookout for Arbitrage opportunities from corporate
announcements such as Dividends, Buybacks and Partly Paid shares, where calls are
yet to be made.
At Anvil, while we strive for the best possible returns for the clients, the safety
of the principal is paramount. We are very transparent in the complete process and
the clients are provided complete step-by-step details of the transactions.