SMC Growth PMS
Portfolio Management Services (PMS)
SMC Global Securities Limited 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.
Eligibility Criteria to invest in PMS: Resident Individual (RI), HUF, Corporate (Private or Limited
Company), Partnership firm, Non Resident Indian (NRI), LLP, Trust etc
Min. investment in PMS (as per SEBI guidelines): 50 Lacs*
Investment Philosophy: It is driven by our disciplined approach of buying only fundamentally strong
companies available at reasonable valuations having bright future prospects with good corporate
governance.
Fund Name: SMC Growth PMS
Inception Month: Oct’19
SEBI Registration No. INP000006703
Portfolio Allocation: Multi Cap Strategy - Large, Mid & Small Cap stocks
Brokerage charges by SMC: Nil
Annual fixed management fee: 2.5% annually (0.625% per quarter)
SMC Growth Strategy Performance** (as on 30th Jun’25)
Performance 1 month 3 month 1 Yr 2 Yrs 3 Yrs 5 Yrs Since
(Return on CAGR) (%) (%) (%) (%) (%) (%) Inception
SMC Growth 3.88 13.03 -3.06 15.58 18.52 21.82 14.99
NIFTY 50 TRI 3.37 9.02 7.54 16.68 18.72 21.33 16.46
BSE 500 TRI 3.68 10.77 5.12 20.53 21.67 24.02 18.96
**Performance of strategy is calculated for live accounts on TWRR method as on 30th Jun’25 (Above 1 yr returns are CAGR)
* Investment of 50 L for PMS can be done either via Chq, Equity holdings or combination of both.
Fund Manager: Mr. Ayush Aggarwal, Director - SMC Group, CIO (Chief Investment Officer) - SMC
Private Wealth (div of SMC Global Securities Ltd.)
Mr. Ayush Aggarwal is a young and dynamic leader who has established himself as a visionary with a
profound impact on the financial markets. He has been managing and heading the portfolio
management activities at SMC Private Wealth, where he ensures that every SMC client benefits
significantly from his practical and pragmatic views. His MBA degree from SP Jain Institute of
Management and Research, Mumbai has helped him in gaining an in-depth understanding of the
various macro and micro factors driving the economy and financial markets.
Mr. Aggarwal has developed a keen eye for identifying high growth as well as fundamentally strong
companies. He has time and again addressed various platforms through his interviews and articles in
various reputed media such as Economic Times, CNBC TV18, Zee News to name a few.
Growth PMS Top 10 Stock holdings:
Scheme Security Portfolio Category Weightage
Reliance Industries Ltd Refineries 5.50
Shriram Finance Ltd Non-Banking Financial Company 5.00
State Bank of India Banks 5.00
Larsen & Toubro Ltd Civil Construction 4.50
Syrma SGS Technology Ltd Industrial Machinery 4.00
The Federal Bank Ltd Banks 4.00
HDFC Bank Ltd Banks 4.00
Affle India Ltd IT Consulting & Other Services 4.00
Arvind Fashions Ltd Retailing 3.50
Tata Consultancy Services Ltd. IT Consulting & Software 3.50
Why SMC Growth Portfolio? ***
Efficiency
95% of the companies in the model portfolio are profit making and more than 75%
are dividend paying companies
More than 80% 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 15%
Solvency
More than 80% of companies in model portfolio have Debt-to-Equity ratio below 0.70
More than 85% of companies in model portfolio have interest coverage ratio above 3 times
More than 70% of companies in the model portfolio holding have no promoter pledge
Shareholding
More than 85% of the companies in model portfolio have promoter holding above 40%
More than 80% of the companies in model portfolio have institutional holding above 10%
Valuation
Weighted average model portfolio P/BV of 3.5 is at a discount of 7% as compared to S&P
BSE 500 index P/BV of 3.78
EPS of current model portfolio is at INR 1008 which is at a 16% premium to its 5 yr average
EPS of INR 634
***Figures are considered after the FY24 annual results, as of March 31, 2024. 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.
Exit Load - Nil (After 3 Yrs), 1% (B/w 2 to 3 Yr), 2% (B/w 1 to 2 Yr) & 3% (Less than 1 Yr)
Disclaimer: All portfolio related holdings & sector data provided above is for model portfolio. Returns & portfolio of client may vary vis-à-
vis as compared to investment approach aggregate level returns due to various factors viz. timing of investment/ additional investment,
timing of withdrawals, specific client mandates, variation of expenses charged & dividend income. All investments involved a certain
amount of risk including the possible erosion of the principal amount invested which varies depending on the securities invested. The
person should use his/ her own judgment while taking investment decisions. The performance related information is not verified by SEBI.
Past performance of the Portfolio Manager does not indicate the future performance of the Investment approach or any other future
Investment approach of the Portfolio Manager. (For internal circulation only)
