Investments

Lack of expertise leads to poor investment decisions

Brivan empowers you to efficiently manage your funds through a system of strong internal controls and regular reporting.

Constraints organizations usually face are

Lack of expertise
Managing idle funds
Undiversified investments

Service Areas

Fixed deposits with Corporate Financial Institutions

Getting higher interest rates on fixed deposits and assured returns to improve the company’s financial position.

The deposit placed by investors with companies for a fixed term carrying a prescribed rate of interest is called Corporate Fixed Deposit. Financial institutions and Non-Banking Finance Companies (NBFCs) also accept such deposits.

Service Areas

Corporate Bonds

Facilitating investments in corporate bonds with attractive yields to diversify the portfolio.

Corporate bonds are issued by companies for raising finances for a variety of reasons such as for building a new plant, buying equipment or for business expansion.
Corporate bonds are generally medium to long-term debt instruments and have a maturity of more than one year. Whereas debt instruments issued by corporates with maturity shorter than one year are referred to as commercial paper. Corporate bonds, also known as debt securities, are issued by private and public corporations. Investors get regular interest payouts at predefined times and principal amounts at the time of maturity.

Tax Free Bonds

Tax-free bonds issued by government enterprises for steady returns on investment.

Tax-free bonds have emerged as highly popular investment options among investors due to the taxation benefit that they offer. These bonds, generally issued by Government backed PSUs, are exempt from taxation on the interest income received from such instruments under the Income Tax Act, 1961.

Bank Perpetual Bonds

Securing a fixed stream of income payments to become financially sound.

Banks raise the money to meet their tier-1 capital needs as per Basel-3 norms. Banks with lower capital adequacy ratios have been issuing perpetual bonds at rates as high as 11% and more.

Government Security (G-Sec)

Investing in risk-free government securities that offer good liquidity and returns.

A Government Security (G-Sec) is a tradeable instrument issued by the Central Government or the State Government. It acknowledges the Government’s debt obligation. Such securities are short-term (usually called treasury bills, with original maturities of less than one year) or long-term (usually called Government bonds or dated securities with an original maturity of one year or more). G-Secs carry practically no risk of default and, hence, are called risk-free gilt-edged instruments.

Service Areas

Equity Funds

Diversifying the investment portfolio through equity funds for long-term wealth creation.

These funds invest in stocks of companies that function in one or several sectors. Their main objective is to accumulate wealth towards long-term goals like children’s higher education, retirement planning, and others. These funds have a higher market risk that makes them deliver relatively higher returns on investment.

Debt Funds

Bringing more stability in finances with funds offering stable income and liquidity.

These funds invest in securities like treasury bills, government securities, and bonds that generate fixed income. Their primary objective is to preserve the invested capital and provide a regular income across different time horizons. These funds are comparatively safer than equity funds.

Hybrid Funds

Choosing the right mix of equity and debt funds based on your risk appetite and investment goals.

These funds invest in a mix of equity shares, bonds, and gold in a set proportion. The equity component enables to grow of wealth while the debt component serves as a cushion during market fluctuations. These funds take a moderately high risk to create wealth over the medium to long term.

Other Funds

Balancing risks and returns through expert investment management across various mutual funds.

These are funds targeted at specific instruments such as gold, index funds of a financial market index, and overseas markets along with specific solutions designed for individuals and groups such as retirement and children funds.

Benefits You Get with Us

Specialised Talent

Work with our expert team that has over four decades of relevant industry experience and helps you make sound investment decisions. Our strategies are derived from extensive analyses of your current investment portfolio and financial goals.

Ongoing Support

Get proper guidance through your investment journey from our dedicated team that recognises your business and portfolio requirements. With regular communication, you get uninterrupted support and help in managing your funds.

Live View of the Portfolio

Remain up-to-date with your company’s investment decisions and mitigate risks through diversification by accessing the live, real-time view of your portfolio. We present all important data points for complete transparency and client satisfaction.

AMFI Certification

Brivan is an AMFI-certified mutual fund distributor and works with a diverse clientele comprising high net worth investors, corporate institutions and more. It operates with India’s top-rated AMCs like HDFC Mutual Fund, ICICI Prudential, NIPPON Mutual Fund, and SBI Mutual Fund.

LEI Certification

Brivan is Legal Entity Identifier (LEI) certified for all types of investment vehicles and transactions. This ensures the high quality and accuracy of financial records and maintains absolute regulatory transparency.

Dedicated Relationship Manager

Get customised solutions to meet your requirements with our dedicated relationship managers. They bring extensive experience and expertise to the table and understand the importance of setting and meeting investment objectives.

Our partners

Our Engagement Models

Time Cost Model

Pricing is calculated on the basis of the level, type, and total hours devoted by Brivan’s professionals.

Trading Model

Applicable only in the case of fixed income securities, Brivan facilitates the buying and selling process on behalf of your business, in exchange for reasonable margins.

Brokerage Model

Applicable for fixed deposits and mutual funds. A commission is charged for the placement and distribution of these assets on behalf of your business.

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Frequently Asked Questions

What is a company fixed deposit?

Company fixed deposit is the deposit placed by investors with companies, for a fixed term, carrying a prescribed rate of interest, for a prescribed period.

What is the difference between cumulative deposits and non-cumulative deposits?

In a cumulative deposit scheme, interest is payable at the time of maturity along with the principal. This scheme is suitable for people who do not require periodic interest payments. This is also called a money multiplier scheme. In a non-cumulative deposit, the scheme interest is paid on a periodical basis.

What is the minimum tenure for a fixed deposit?

It is for six months.

What is compounding in fixed deposits?

In the case of a deposit under the cumulative option, interest accrued is added to the existing deposit amount at the end of every year on 31 March. A cumulative scheme of fixed deposits is compounded annually.

Who can buy a fixed deposit?

The following entities can buy a fixed deposit: any individual who comes under the definition of a ‘person of Indian origin’ as defined by the Government of India/Reserve Bank of India, from time to time; any non-resident Indian, non-individual resident legal entities like Hindu undivided family, trust, an association of persons, societies, firms, companies, etc.

Will my deposit get automatically renewed?

No. The customer will be asked for renewal on the maturity of the deposit.

How are interest payments made?

The interest is paid on a monthly/quarterly/half yearly/yearly basis or on a maturity basis and is sent either through a cheque or ECS facility.

When is TDS deducted on the interest from company fixed deposits?

TDS is deducted if the interest on a fixed deposit exceeds ₹5,000 in a financial year.

Which companies do we work with?

We work with many companies but the top ones include:

  • ICICI Home Finance
  • PNB Housing Finance
  • HDFC Ltd.
  • LIC Housing Finance
  • Bajaj Finance
  • Mahindra Finance
What are the different types of risks with regard to debt securities?

The following are the risks associated with debt securities:
– Credit risk: This can be defined as the risk wherein an issuer of a bond may be unable to make timely payment of interest or principal on a debt security or to otherwise comply with the provisions of a bond indenture.
– Interest rate risk: This can be defined as the risk emerging from an adverse change in the interest rate prevalent in the market to affect the yield on the existing instruments. A good case would be an upswing in the prevailing interest rate scenario leading to a situation where the investors’ money is locked at lower rates whereas if he had waited and invested in the changed interest rate scenario, he would have earned more.
– Reinvestment rate risk: This can be defined as the probability of a fall in the interest rate resulting in a lack of options to invest the interest received at regular intervals at higher rates at comparable rates in the market.
– Price risk: This refers to the possibility of not being able to receive the expected price on any order due to an adverse movement in the prices.

Who regulates the fixed income markets?

The issue and trading of fixed income securities by each of these entities are regulated by different bodies in India. For e.g., government securities are issued by banks and institutions are regulated by the RBI. The issue of non-government securities, comprising basically issues of corporate debt, is regulated by SEBI.

What are the segments in the secondary debt market?

The segments in the secondary debt market, based on the characteristics of the investors and the structure of the market are:

  • Wholesale debt market: Here the investors are mostly banks, financial institutions, the RBI, primary dealers, insurance companies, MFs, corporate and FIIs.
  • Retail debt market: This involves participation by individual investors, provident funds, pension funds, private trusts, NBFCs and other legal entities in addition to the wholesale investor classes.
What is a yield? (Actual rate of return)

Yield refers to the percentage rate of return paid on a stock in the form of dividends, or the effective rate of interest paid on a bond or note. There are many different kinds of yields depending on the investment scenario and the characteristics of the investment.

Yield to maturity (YTM): This is the most popular measure of yield in the debt markets and is the percentage rate of return paid on a bond, note or other fixed income security if you buy and hold the security till its maturity date.

Yield to call: The term ‘yield to call’ refers to the return a bondholder receives if the security is held until the call date, prior to its date of maturity.

Who are the participants in the debt market?

The following are the main investor segments that could participate in the retail debt market:

  • Mutual funds
  • Provident funds
  • Pension funds
  • Private trusts
  • Religious trusts and charitable organisations having a large investible corpus
  • State level and district level co-operative banks
  • Housing finance companies
  • NBFCs and MBCs
  • Corporate treasuries
  • Hindu-undivided families (HUFs)
  • Individual investors
What are the main points to be kept in mind by the investor while investing in the debt markets?

The main features which you need to check for in any debt security are:

  • Coupon (or the discount implied by the price as in the case of zero-coupon bonds).
  • Timing of cash flows (interest payment).
  • Information about the issuer.
  • The credit rating.
  • Check the yield to maturity (YTM) of the debt security with the YTMs of other comparable debt securities of the same class and features.
  • Tenure of the instrument.
What is the regulatory body for mutual funds?

Securities Exchange Board of India (SEBI) is the regulatory body for all the mutual funds mentioned above. All the mutual funds must get registered with SEBI. The only exception is the UTI, since it is a corporation formed under a separate act of the Parliament.

How often is the NAV declared?

The NAV of a scheme has to be declared at least once a week. However, many mutual funds declare the NAV for their schemes on a daily basis. As per SEBI regulations, the NAV of a scheme shall be calculated and published at least in two daily newspapers at intervals not exceeding one week. However, the NAV of a close-ended scheme targeted to a specific segment or any monthly income scheme (which is not a mandatory requirement to be listed on a stock exchange) may be published at monthly or quarterly intervals.

What is the difference between an open-ended and close ended scheme?

Open-ended funds can issue and redeem units any time during the life of the scheme while close-ended funds cannot issue new units except in case of bonus or rights issue. Hence, the unit capital of open-ended funds can fluctuate on a daily basis while that is not the case for close-ended schemes. Another way of explaining the difference is that new investors can join the scheme by directly applying to the mutual fund, at applicable net asset value, and related prices in case of open-ended schemes while that is not the case in case of close-ended schemes. New investors can buy the units from the secondary market only.

How are mutual funds different from portfolio management schemes?

In case of mutual funds, the investments of different investors are pooled to form a common investible corpus and gain/loss to all investors, during a given period, are the same for all investors while in case of a portfolio management scheme, the investment of a particular investor remains identifiable to him. Here the gain or loss of all the investors will be different from each other.

Can I get a fixed monthly income by investing in mutual fund units?

Yes, there are a number of mutual fund schemes which give you a fixed monthly income. Further, you can also get monthly income by making a single investment in an open-ended scheme and redeeming the fixed value of the units at regular intervals.

Are there any risks involved in investing in mutual funds?

Mutual funds do not provide assured returns. Their returns are linked to their performance. They invest in shares, debentures and deposits. All these investments involve an element of risk. The unit value may vary depending upon the performance of the company and companies may default in payment of interest/principal on their debentures/bonds/deposits. Besides this, the Government may come up with new regulations which may affect a particular industry or class of industries. All these factors influence the performance of mutual funds.

What should an investor look into an offer document?

An abridged offer document, which contains very useful information, is required to be given to the prospective investor by the mutual fund. The application form for a subscription to a scheme is an integral part of the offer document. SEBI has prescribed minimum disclosures in the offer document. An investor, before investing in a scheme, should carefully read the offer document. Due care must be given to portions relating to the main features of the scheme, risk factors, initial issue expenses and recurring expenses to be charged to the scheme, entry or exit loads, sponsors track record, educational qualification and work experience of the key personnel including fund managers, the performance of other schemes launched by the mutual fund in the past, pending litigations and penalties imposed, etc.

As mutual fund schemes invest in stock markets only, are they suitable for a small investor like me?

Mutual funds are meant only for a small investor like you. The prime reason is that successful investments in stock markets require careful analysis of scrips which is not possible for a small investor. Mutual funds are usually fully equipped to carry out a thorough analysis and can provide superior returns.

What are the benefits of investing in mutual funds?

Qualified and experienced professionals manage mutual funds. Generally, investors, by themselves, may have the reasonable capability, but to assess a financial instrument a professional analytical approach is required, in addition, to access the research and information and time and methodology so as to make sound investment decisions and keep monitoring them. Since mutual funds make investments in a number of stocks, the resultant diversification reduces risk. They provide small investors with an opportunity to invest in a larger basket of securities.

The investor is spared the time and effort of tracking investments, collecting income, etc. from various issuers, etc. It is possible to invest in small amounts as and when the investor has surplus funds to invest. Mutual funds are registered with SEBI. SEBI monitors the activities of mutual funds. In case of open-ended funds, the investment is very liquid as it can be redeemed at any time with the fund unlike direct investment in stocks/bonds.

What are the parameters on which a mutual fund scheme should be evaluated?

Performance indicators like total returns given by the fund on different schemes, the returns on competing funds, the objective of the fund and the promoter’s image are some of the key factors to be considered while taking an investment decision regarding mutual funds.

What are the different plans that mutual funds offer?
  • Growth plan and dividend plan: A growth plan is a plan under a scheme wherein the returns from investments are reinvested and very few income distributions, if any, are made. The investor thus only realises capital appreciation on the investment. This plan appeals to investors in the high-income bracket. Under the dividend plan, income is distributed from time to time. This plan is ideal for those investors requiring regular income.
  • Dividend reinvestment plan: Dividend plans of schemes carry an additional option for reinvestment of income distribution. This is referred to as the dividend reinvestment plan. Under this plan, dividends declared by a fund are reinvested on behalf of the investor, thus increasing the number of units held by the investors.
  • Systematic investment plan: Under the systematic investment plan (SIP), also called automatic investment plan (AIP), the investor is given the option of investing in a specified frequency of months in a specified scheme of the mutual fund for a constant sum of investment. AIP allows the investors to plan their savings through a structured regular monthly savings program.
  • Automatic withdrawal plan: Under the automatic withdrawal plan (AWO), also called systematic withdrawal plan (SWP), a facility is provided to the investor to withdraw a pre-determined amount from his fund at a pre-determined interval.
What is entry load?

The non-refundable fee paid to the asset management company at the time of purchase of mutual fund units is termed as entry load. Entry load is added to the NAV (purchase price) when you are purchasing mutual fund units.

What is exit load?

The non-refundable fee paid to the asset management company at the time of redemption/transfer of units between schemes of mutual funds is termed exit load. It is deducted from the NAV (selling price) at the time of such redemption/transfer.

What is the purchase price?

The purchase price is the price paid by you to purchase a unit of a mutual fund scheme. If the fund levies an entry load, then the purchase price would be equal to the sum of the NAV and the entry load levied.

What is the redemption price?

The redemption price is the price received on selling units of open-ended schemes. If the fund does not levy an exit load, the redemption price will be the same as the NAV. The redemption price will be lower than the NAV in case the fund levies an exit load.

What is the repurchase price?

The repurchase price is the price at which a close-ended scheme repurchases its units. Repurchase can either be at NAV or can have an exit load.

How do the new SEBIi guidelines impact my mutual fund transactions?

SEBI guidelines stipulate that with effect from 1 August 2009, there shall be no entry load for any mutual fund scheme whether existing or new. SEBI guidelines further stipulate that investors will be required to pay upfront commission directly to distributors. This means that earlier if you invested ₹1,000 in a mutual fund, your total invested amount was reduced to the extent of entry load charged i.e., ₹22.5 (@ 2.25 per cent) thereby making your actual investment ₹977.5. However, w.e.f 1 August 2009, the entire ₹1,000 invested by you would be your investment in the mutual fund. However, while you will not be charged any entry load, you will have to pay ‘transaction charges’ directly to your distributor as per the applicable fee structure.

Can I modify/cancel my transactions?

Yes, while placing any mutual fund order, modify or cancel option would be available to you till the final confirmation of the order is placed by you. Once you click on the final confirmation you cannot modify or cancel the order placed by you. You can only modify/cancel any systematic investment plan (SIP) / systematic withdrawal plan (SWP) order placed by you.

Will I get an online confirmation of my transactions?

As soon as you confirm your order you can view the details of your transaction in the order book. Also, an email will be sent to your email address.

Why should I work with an investment professional?

An investment professional will:

  • Take the time to understand your goals
  • Recommend investments that fit your needs
  • Analyse how changing economic and personal situations affect you
  • Deliver timely financial information
What are the risks of investing?

Investing is a commitment of resources now toward a future financial goal. There are many levels of risk, with certain asset classes and investment products inherently much riskier than others. However, essentially all investing comes with at least some degree of risk – it is always possible that the value of your investment will not increase over time. For this reason, a key consideration for investors is how to manage their risk in order to achieve their financial goals, whether they are short- or long-term.

What is CKYC?

CKYC refers to central KYC (know your customer), a new initiative by the Government of India. The aim of this initiative is to have a structure in place which allows investors to do their KYC only once before interacting with various entities across the financial sector. CKYC will be managed by CERSAI (Central Registry of Securitisation Asset Reconstruction and Security Interest of India), authorised by the Government of India to function as the central KYC registry (CKYCR). The objective of CKYCR is to reduce the burden of producing KYC documents and getting those verified every time when the investor enters into a new relationship with a financial entity. Thus, CKYCR will act as a centralised repository of KYC records of investors in the financial sector with uniform KYC norms and inter-usability of the KYC records across the sector.

What is FATCA?

FATCA stands for the Foreign Account Tax Compliance Act. It requires foreign financial institutions (FFIs) to provide the internal revenue service (IRS) with information on certain investments of us persons invested in accounts outside of the US and for certain non-US entities to provide information about any US owners.

What is the purpose of FATCA and CRS?

The purpose of FATCA and CRS is to aid the automatic exchange of information between bilateral treaty partner countries about account-holders/investors maintaining accounts in foreign jurisdictions and also to prevent citizens or residents of countries/territories outside India, whether individuals or specified entities, from using banks and other financial institutions to avoid taxation on the income generated from all offshore accounts. FATCA and CRS both, obligate such financial institutions to report information about persons from these countries/territories having accounts with them.

How does the law of another country become applicable to me?

In the case of FACTCA and CRS, as mentioned previously, the Government of India has signed IGA and MCAA respectively for their implementation. Under the pact, India would be obligated to get its financial institutions to share the financial account information of account holders who are tax residents in any of the signatory countries. Likewise, India would also get similar information through the financial institutions of such treaty countries.

Has any Indian authority defined rules for the implementation of FATCA and CRS?

Yes, CBDT has already notified rules and guidance notes for the implementation of FATCA and CRS. The rules framed are called the Income Tax (11th Amendment) Rules, 2015.

Who is a new investor?

In the case of FATCA, investors who have opened folio(s) on or after 1 July 2014 are termed as ‘new investors.
In the case of CRS, investors who open folio(s) on or after 1 January 2016 will be termed as ‘new investors.

If I am a new investor then why am I been contacted and what is required from my end?

Under FATCA all new investors with folios opened between 1 July 2014 and 31 October 2015 (individuals as well as entities) irrespective of indicium would be contacted and required to submit a self-certification and additional documentary evidence, if any, to establish the FATCA status. From 1 November 2015, it would be mandatory for all the new investors who wish to open a new folio(s) should provide HDF Mutual Fund with a self-certification and relevant documents if any.

If I am an Indian citizen would I be covered under FATCA and CRS?

Existing investors with indicia other than India and all new investors would be required to submit a self-certification and any additional document, thereof, as mandated under FATCA and CRS.

What is the information that is being sought from investors?

Investors will be expected to provide details such as country of tax residence, tax identification number from such country, country of birth, country of citizenship, etc. A separate form is made available, in which existing, as well as new investors, can submit such information along with any other document, thereof. In the case of entity investors, the above-mentioned information of the entity as well as of the controlling persons will have to be submitted. (Refer SEBI circular no. Cir/MIRSD/2/2013 dated 24 January 2013 for guidelines on identification of beneficial ownership). Apart from the above, HDFC Mutual Fund would be required to report any additional information sought by the local authorities from time to time.

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