JTWW's People Essence

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Questions and Answers

What is the goal of JTWW's People Essence?

To actualize the potential in all business areas

To become a trusted institution in the marketplace

To create wealth for stakeholders and contribute to society

To create a productive workplace with happy internal stakeholders (correct)

What is the primary focus of JTWW's Business Essence?

To build a holistic definition of productivity and professionalism

To be a trusted institution commanding recognition and respect in the marketplace (correct)

To create a fulfilling career for high-quality professionals

To create a productive and value-creating individual

What is an essential aspect of Integrity of Communication according to JTWW?

Exerting positive peer influence on colleagues and leaders

Setting clear targets for bonus hurdles

Providing fair, honest, and proactive feedback (correct)

Judicious use of company resources and exhibiting cost consciousness

What is the significance of Integrity of Thought Process in JTWW?

Understanding that targets are neither MES nor bonus hurdles Signup and view all the answers

According to JTWW, what is a key aspect of being a productive and value-creating individual?

Being driven and happy, transparent and respected, egoless and impactful Signup and view all the answers

What is a key outcome of JTWW's Business Essence?

A clientele that significantly values JTWW's services Signup and view all the answers

What is an essential aspect of Hygiene Factors in JTWW?

Integrity of Communication and Thought Process Signup and view all the answers

What is a key aspect of JTWW's People Essence in relation to stakeholders?

Empowering and growing internal stakeholders Signup and view all the answers

What is Darashaw's strategy for growth?

Deriving synergy between various markets Signup and view all the answers

What is the total corpus of combined retirement trusts for which Darashaw is the Investment Manager & Advisor?

INR 1,00,000 Cr Signup and view all the answers

What is the main objective of Darashaw's Investment Management services for Retirement Trusts?

To build a long-term sustainable portfolio Signup and view all the answers

What is the first principle of Darashaw's Investment Management philosophy?

Safety Signup and view all the answers

What is the focus of Darashaw's Investment Management approach?

Identification & implementation of objectives Signup and view all the answers

What is one of the key features of Darashaw's Investment Management approach?

Timing the market through active duration management Signup and view all the answers

What is the purpose of Darashaw's complete MIS support?

To provide reports to clients Signup and view all the answers

What is the frequency of Darashaw's complete MIS support reports?

Monthly Signup and view all the answers

What was mandated for Retirement Benefits Trusts in 2015?

Investments in equity and related instruments Signup and view all the answers

What is the primary focus of the Retirement Benefits Equity team?

Providing investment advisory services for equity and equity related instruments Signup and view all the answers

What is the source of research input for eligible equity scrips for investments by Retirement Benefits Trusts?

Darashaw's Technical Research team Signup and view all the answers

What is the objective of the Equity Investment Management approach?

Long-term wealth creation Signup and view all the answers

What type of fund management does the Equity Investment Management Team offer?

Active fund management Signup and view all the answers

What type of updates are provided to clients by the Equity Investment Management Team?

Weekly and monthly updates Signup and view all the answers

What is the investment philosophy of Darashaw?

Safety, Liquidity, and Return Signup and view all the answers

What type of clients does the Equity Investment Management Team offer services to?

HNIs, HUFs, corporates, and trusts Signup and view all the answers

What happens to the net present values of future cash flows when interest rates increase?

They decline Signup and view all the answers

Which cash flows are most affected by an increase in interest rates?

Later cash flows Signup and view all the answers

What is the purpose of duration in bond portfolio construction?

To determine the value changes based on forecasted changes in interest rates Signup and view all the answers

What happens to the price of a bond with a longer term to maturity when interest rates change?

It changes more than a bond with a shorter term to maturity Signup and view all the answers

What is a key implication of duration in bond portfolio management?

Bonds with higher duration are more risky Signup and view all the answers

What happens to the weight of early cash flows relative to later cash flows when interest rates increase?

They increase Signup and view all the answers

Why do bond managers need to use duration to measure interest rate risk?

Because duration provides a more precise measure of capital gain or loss due to interest rate changes Signup and view all the answers

What does the fact that two bonds have the same term to maturity imply about their interest rate risk?

They have different interest rate risk Signup and view all the answers

What is the primary purpose of a Superannuation Fund in India?

To act as a supplementary social security pillar for employees Signup and view all the answers

How is the contribution invested in a Superannuation Fund?

In various securities as per the investment pattern prescribed by the Ministry of Finance Signup and view all the answers

What is the eligibility period for receipt of pension for a Central Government servant?

10 years Signup and view all the answers

What is the maximum percentage of pension that can be commuted into a lump sum payment?

40% Signup and view all the answers

Who is eligible to receive family pension on death of her spouse?

The widow or widower only Signup and view all the answers

What is the tax treatment of the 1/3rd of the balance available in a Superannuation Fund account?

Tax-free Signup and view all the answers

Who takes care of the administration, compliance, and investment management of a Superannuation Fund?

The insurance company Signup and view all the answers

Study Notes

People Essence

JTWW strives to be a desirable and preferred workplace where internal stakeholders are driven, happy, transparent, respected, egoless, and impactful, and empowered to grow.
This is achieved within the gambit of Integrity of Thoughts and Integrity of Communication, attracting and providing fulfilling careers for high-quality professionals.

Business Essence

JTWW strives to be a trusted institution commanding recognition and respect in the marketplace, leading to:
- A clientele that values their services
- Actualization of potential in all businesses
- Wealth creation for stakeholders and contributing to society

Building Blocks for a Successful Individual

Hygiene Factors:
- Integrity of Communication: fair, honest, and proactive feedback
- Integrity of Thought Process:
  - Understanding that clients belong to the organization, not to self or team
  - Clear understanding that targets are not MES or bonus hurdles
  - Non-selective self-appraisal of performance
  - Salary expectation forms stating true, uncamouflaged thoughts
- Other factors:
  - Understanding and exhibiting a holistic definition of productivity and professionalism
  - Exerting positive peer influence on colleagues and leaders
  - Judicious use of company resources and exhibiting cost consciousness

Darashaw's Strategy

Deriving synergy between various markets to achieve continuous growth

Investment Management

Darashaw helps Retirement Trusts build a long-term sustainable portfolio through Investment Management services
They manage over INR 1,00,000 Cr of combined corpuses, including Public Sector Undertakings, State Level Undertakings, PSU & Private banks, Private companies, and MNCs

Investment Philosophy

Revolves around three basic principles: Safety, Liquidity, and Return
Building blocks:
- Research
- Domain expertise
- Long-term approach
- Conservative philosophy regarding safety of investments
- Dynamic philosophy regarding investment strategies and execution

Retirement Benefits Equity

Focused unit for managing equity investments for Retirement Benefits Trusts, keeping in mind the investment policy, existing portfolio, and market conditions
Provides investment advisory services for equity and equity-related instruments

Equity Investment Management

Offers portfolio management services to HNIs, HUFs, corporates, and trusts
Active fund management with complete transparency of the portfolio through regular updates and interactions

Superannuation Fund

A voluntary tax-advantaged pension plan that acts as a supplementary social security pillar
Employer creates a Superannuation Fund Trust, which is approved by the Income Tax Authorities
Employer contributes to the fund, which is invested in various securities as per investment pattern prescribed by the Ministry of Finance

Retirement Benefits to Government Employees

Pension:
- Minimum eligibility period for receipt of pension is 10 years
- Central Government servant retiring in accordance with Pension Rules is entitled to receive pension on completion of at least 10 years of qualifying service
Commutation of Pension:
- A Central Government servant has an option to commute a portion of pension, not exceeding 40% of it, into a lump sum payment

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Description

JTWW's vision for a desirable and preferred workplace, focusing on internal stakeholders' happiness, growth, and productivity.