JTWW's People Essence
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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?

    <p>Understanding that targets are neither MES nor bonus hurdles</p> Signup and view all the answers

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

    <p>Being driven and happy, transparent and respected, egoless and impactful</p> Signup and view all the answers

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

    <p>A clientele that significantly values JTWW's services</p> Signup and view all the answers

    What is an essential aspect of Hygiene Factors in JTWW?

    <p>Integrity of Communication and Thought Process</p> Signup and view all the answers

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

    <p>Empowering and growing internal stakeholders</p> Signup and view all the answers

    What is Darashaw's strategy for growth?

    <p>Deriving synergy between various markets</p> Signup and view all the answers

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

    <p>INR 1,00,000 Cr</p> Signup and view all the answers

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

    <p>To build a long-term sustainable portfolio</p> Signup and view all the answers

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

    <p>Safety</p> Signup and view all the answers

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

    <p>Identification &amp; implementation of objectives</p> Signup and view all the answers

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

    <p>Timing the market through active duration management</p> Signup and view all the answers

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

    <p>To provide reports to clients</p> Signup and view all the answers

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

    <p>Monthly</p> Signup and view all the answers

    What was mandated for Retirement Benefits Trusts in 2015?

    <p>Investments in equity and related instruments</p> Signup and view all the answers

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

    <p>Providing investment advisory services for equity and equity related instruments</p> Signup and view all the answers

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

    <p>Darashaw's Technical Research team</p> Signup and view all the answers

    What is the objective of the Equity Investment Management approach?

    <p>Long-term wealth creation</p> Signup and view all the answers

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

    <p>Active fund management</p> Signup and view all the answers

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

    <p>Weekly and monthly updates</p> Signup and view all the answers

    What is the investment philosophy of Darashaw?

    <p>Safety, Liquidity, and Return</p> Signup and view all the answers

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

    <p>HNIs, HUFs, corporates, and trusts</p> Signup and view all the answers

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

    <p>They decline</p> Signup and view all the answers

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

    <p>Later cash flows</p> Signup and view all the answers

    What is the purpose of duration in bond portfolio construction?

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

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

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

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

    <p>Bonds with higher duration are more risky</p> Signup and view all the answers

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

    <p>They increase</p> Signup and view all the answers

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

    <p>Because duration provides a more precise measure of capital gain or loss due to interest rate changes</p> 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?

    <p>They have different interest rate risk</p> Signup and view all the answers

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

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

    How is the contribution invested in a Superannuation Fund?

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

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

    <p>10 years</p> Signup and view all the answers

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

    <p>40%</p> Signup and view all the answers

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

    <p>The widow or widower only</p> Signup and view all the answers

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

    <p>Tax-free</p> Signup and view all the answers

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

    <p>The insurance company</p> 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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    JTWW's vision for a desirable and preferred workplace, focusing on internal stakeholders' happiness, growth, and productivity.

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