Upload
trinhcong
View
222
Download
2
Embed Size (px)
Citation preview
MY GOLD PLAN
Product Presentation
confidential
Gold Consumption Drivers in India
• Considered a symbol of security and sign of prosperity
• Gold is ancestral and passed down from generation to generation
• Most of the Gold collection generally begins in an Indian family from the "Godbharai” ceremony, to getting bracelet & anklet of black & white colored beads to protect the child against the evil eyes
• It is common for parents of a child to start collecting gold in jewellery for the child’s security, exigency, marriage, etc
FestivalsWedding ceremony "Godbharai” ceremony Offerings to Gods
confidential
Significance of Gold in Indian Household
20,000tonnes
Gold held by Indian
Households
Source: Handbook of statistics on Indian economy, published by RBI, 2009-10World Gold Council
Gold is a culturally embedded asset class
confidential
Challenges in the Indian Physical Gold market
Lack of Transparency and concerns on purity of the gold sold
Concerns around credit worthiness of the unorganized market participant
No Standard market pricing for Gold offered in the Unorganized market
No plan which allows systematic accumulation of physical gold
Banks offering Gold Coins have a differential pricing
Issues of accessibility
UNORGANIZED MARKET ORGANIZED MARKET
confidential
Presenting My Gold Plan
confidential
How My Gold Plan works?
Subscribe Rs. 1000 and multiples of Rs. 100
1 year
2 year
3 year
15 year
Lock-in Period6 months
Pre-Termination Fee2.5% (only upto 1 year)
Top-up anytime
Admin Charge1.5%
Partial Fulfillment
Choose Daily Averaging or One Time Allotment
Option to Renew
No Monthly CommitmentIf minimum 12000 subscribed.
confidential
Benefit of Daily Averaging
Initial Payment Monthly Payment
Rs. 1000Rs. 1000
Rs. 50 Rs. 50 Rs. 50 Rs. 50………………………………
Daily Price Averaging
Average Price
confidential
WGC & My Gold Plan
WGC runs such program with various partners across the globe These partners are generally the financial front runners of the country To name a few:
China WGC has signed up with Industrial and Commercial Bank of China (ICBC) ICBC is the largest and most profitable commercial bank in the world It serves over 215 million individual and corporate clients globally Since the programs inception in March 2010, over one million accounts have already been opened
Japan WGC has signed up with 2 of the biggest Japanese financial entities
Mitsubishi Corporation & Mitsubishi UFJ Trust and Banking Corporation Mitsubishi Corporation is the largest general trading house in Japan It runs the largest gold trading team in Japan
Tanaka Kikinzoku Kogyo K.K. Group (TKK) Tanaka is the largest bullion house in Japan WGC has been running GAPs with the TKK group since 30 years
In India WGC has an exclusive tie up with Reliance Money
confidential
Investor
Specialized Safe
Keeper
RMPM
Fulfilment Partner
Distributor
Reputed Back Office
Provider
Trustee
Structure of RMGP
confidential
Structure of RMGP
IDBI Trusteeship Services Ltd.Asian Building, Ground Floor, 17, R. Kamani Marg, Ballard Estate,Mumbai - 400 001MaharashtraTel. No. - +91 22 40807000, Fax No. - +91 22 66311776Website: http://www.idbitrustee.co.in
Trustee Safe Keeper
Lemuir Secure Logistics Pvt. Ltd.Oricon House, 12, K. Dubash Marg,Mumbai – 400 023MaharashtraWebsite: http://www.lemuirexpress.com
Product Manager
Reliance Money Precious Metals11h Floor, R-Tech Park, Nirlon Compound,Western Express Highway,Mumbai – 400063. Maharashtra.Landmark – Near Hub, Behind Oracle Building Goregaon (East),Website: www.mygoldplan.co.in
confidential
Benefits of RMGP• A disciplined accumulation methodology under which you accumulate
gold grams by making small but regular subscriptionsSYSTEMATIC GOLD
ACCUMULATION
• Low entry level with a minimum payment of Rs. 1000/- and in multiples of Rs. 100/- thereafterACCESSIBILITY
• Plan for a large Gold purchase in the future for special events like daughter’s wedding, your wedding anniversary, etc
PLANNING FOR SPECIAL EVENTS
• All subscriptions made will be split into 20 daily purchases thus reducing the risk of timing the marketsDAILY COST AVERAGING
• An Independent trustee manages the bank accounts, ensures safekeeping of Gold and delivery of Gold to the end customersZERO DEFAULT RISK
• 24 Karat Gold of 995 fineness or more credited to the customer’s account up to 4 decimalsASSURED PURITY
• Partnered with World Gold Council, globally recognised organisation of the gold industry, including global mining companiesASSOCIATION
confidential
Features RelianceMy Gold Plan Gold ETF Gold Savings
Fund Jeweller
Backed by Physical Gold Yes Yes No No
Fulfilment Mode GoldCoins/Jewellery* Cash Cash Own Jewellery only
Allotment Price of Gold at each Subscription Net Asset Value Net Asset Value Price of Gold at the
end of the tenure
Mode of Subscription Cheque / DD / ECS / Cash/Direct Debit Stock Exchanges ECS / Cheque / DD Cash
Average Pricing Methodology Yes No No No
Impurity Risk No Not Applicable Not Applicable Yes
Default Risk No No No Yes
Flexibility to buy gold from other Jewellers Yes Not Applicable Not Applicable No
Fulfilment Centres Across India Not Applicable Not Applicable At his outlet
R-MGP verses other prevailing products
confidential
3 Simple Steps – Subscribe, Pay and Fulfill
SUBSCRIBE PAY FULFILL
11 22 33
PhysicalApplicationForm
Online Application
Cheque/DD/ PDC
ECS/ Direct Debit/Net Banking
Credit/Debit/ Prepaid Card
Fulfillment in Jewellery
Walk-in to OutletBranchesDistributorsCall Centre
Cash
confidential
Cust
omer
/
Dis
trib
utor
/ PO
SBa
ck O
ffic
e Pr
ovid
erBu
llion
Tra
der &
Cu
stod
ian
•A/C Opening Form•KYC Documents•Initial Subscription•Subsequent Subscription
Scan and submit relevant document to Back office Service Provider
Verifies information and enters in Online Portal
and banking of Instrument
•Customer Adoption •Creation of Customer ID•Dispatch of Welcome Kit
Fund Credit Identification and reconciliation
Allocate Subscription into 20 equal parts and inform
RMPM 1/20th part daily for purchase of Gold
RMPM book gold gram with Bullion trader
•Monthly Statement t of Holding on a monthly basis to Customer•Other Communication
Store Gold with Safe Keeper
On Redemption instructions of RMPM
gold grams to be released
Fulfi
lmen
t pa
rtne
r
Process Flow
JewelleryGold Coin
confidential
Sample Statement of Holding
confidential
Sample Statement of Holding
confidential
Disclaimer
R-MGP is neither a financial product nor a deposit but a methodof purchasing gold through periodic accumulations for thepersonal needs of the customer.
Neither RMPM nor World Gold Council (WGC), or any of theirassociates, offers any investment advice or promises /forecastsany assured return through R-MGP while promoting theproduct.
Reliance Money –Whenever it’s a question of your money