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ERICAP June 2014 Report

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Information about ERICAP June 2014 Report
Business

Published on October 15, 2014

Author: sunilrebel

Source: slideshare.net

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ERICAP June 2014 Report
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1. ERIC Monthly Performance Report (June 2014) 1 Copyright© - Ennovate Solutions

2. About -EnnovateResearch Investments & Capital (ERIC) •ERIC’s Diversified Trend-Following Program is systematic and technical. •The Program utilizes a mathematical algorithm to analyze technical data in order to generate trading signals. •We simultaneously trade multiple trading systems independently. •Each system serves a unique purpose and is applied to a diversified portfolio comprising of commodities, equity & currency in a predominantly quantitative or mechanical fashion. •Our program does not necessarily expect profitability over the short-term but is, instead, geared to generate competitive returns over the long-run. •Long periods of break even or equity declines are to be expected. •A strict money management discipline is in place, the design of which is intended to maximize return while diminishing volatility. 2 Copyright© - Ennovate Solutions

3. Performance Presentation –Investor –June 2014 3 Copyright© - Ennovate Solutions MonthInvested CapitalAccrued ReturnAccrued Interest IncomePre Tax Return On InvestmentCapital - End of MonthPre Tax Return (%) Annualised Return (%)* Jul-131,800,000 162,386 12,000 174,386 1,974,386 9.7%203% Aug-131,974,386 705,941 12,000 717,941 2,692,327 36.4%1020% Sep-133,392,327 (316,258) 16,667 (299,592) 3,092,735 -8.8%246% Oct-133,092,735 (110,534) 16,667 (93,868) 2,998,868 -3.0%131% Nov-132,998,868 (233,362) 16,667 (216,695) 2,782,173 -7.2%63% Dec-132,782,173 (117,560) 16,667 (100,893) 2,681,280 -3.6%40% Jan-142,681,280 32,537 16,667 49,203 2,730,483 1.8%37% Feb-142,730,483 (10,329) 16,667 6,338 2,736,821 0.2%33% Mar-142,736,821 148,562 16,667 165,229 2,902,049 6.0%39% Apr-142,902,049 (57,991) 16,667 (41,325) 2,860,725 -1.4%32% May-142,860,725 534,708 16,667 551,375 3,412,100 19.3%56% Jun-143,412,100 105,907 16,667 122,573 3,534,673 3.6%56% * Returns have been annualised based on TWROR. It is only an indicative figure for comparison purpose

4. Detailed Performance Report –June 2014 4 Copyright© - Ennovate Solutions •Please see the next slide for Notes to performance. •All results have been presented on accrual basis concept as per the terms of agreement signed with EnnovateSolutions. •The performance calculations are mapped to the CTA (Commodity Trading Advisors) performance report, mandatory presentation to National Futures Association (NFA), US •Source: http://www.cmegroup.com/education/files/CTA_guide_1-3-08.pdf(Appendix III -page 67) DateBeginning BalanceAdd/Sub CapitalGross Realised Profit / LossBrokerageNet, Realised ProfitChange in Unrealised ProfitInterest IncomeGross PerformanceBalance Before DistributionAccrued InterestAccrued Annual FeeGross ProfitAccrued Ennovate FeeNet PerformanceEnding BalanceReturn % VAMI8%2%30% 12345678910111213141516171-Jul-131,800,000 - 1,800,000 1,800,000 1,000 31-Jul-131,800,000 11,410 22,228 (10,818) 257,798 - 246,980 2,046,980 12,000 3,000 231,980 69,594 162,386 1,974,386 9.7%1,097 31-Aug-131,974,386 1,106,903 27,910 1,078,993 (55,214) - 1,023,778 2,998,164 12,000 3,291 1,008,488 302,546 705,941 2,692,327 36.4%1,496 30-Sep-132,692,327 700,000 (236,358) 14,229 (250,586) (43,352) - (293,938) 3,098,389 16,667 5,654 (316,258) - (316,258) 3,092,735 -8.8%1,364 31-Oct-133,092,735 49,961 29,592 20,369 (109,082) - (88,713) 3,004,022 16,667 5,155 (110,534) - (110,534) 2,998,868 -3.0%1,322 30-Nov-132,998,868 (492,079) 23,922 (516,001) 21,381 - (494,620) 2,504,248 16,667 4,998 (516,285) (282,923) (233,362) 2,782,173 -7.2%1,227 31-Dec-132,782,173 (76,536) 12,817 (89,353) (57,286) - (146,639) 2,635,534 16,667 4,637 (167,943) (50,383) (117,560) 2,681,280 -3.6%1,182 31-Jan-142,681,280 67,917 10,496 57,422 10,195 - 67,617 2,748,896 16,667 4,469 46,481 13,944 32,537 2,730,483 1.8%1,204 28-Feb-142,730,483 37,364 6,462 30,902 (24,440) - 6,462 2,736,945 16,667 4,551 (14,756) (4,427) (10,329) 2,736,821 0.2%1,207 31-Mar-142,736,821 487,264 5,804 481,460 (248,000) - 233,460 2,970,280 16,667 4,561 212,231 63,669 148,562 2,902,049 6.0%1,280 30-Apr-142,902,049 651 8,175 (7,524) (53,818) - (61,342) 2,840,707 16,667 4,837 (82,845) (24,854) (57,991) 2,860,725 -1.4%1,261 31-May-142,860,725 433,551 15,000 418,551 366,753 - 785,304 3,646,029 16,667 4,768 763,870 229,161 534,708 3,412,100 19.3%1,504 30-Jun-143,412,100 225,672 1,109 224,563 (50,914) - 173,649 3,585,749 16,667 5,687 151,295 45,389 105,907 3,534,673 3.6%1,559 Fund Inception Date 1st July 2013Unrealised Profit is calculated after reducing transaction costs and considering closing value of position as of 30th June 2014

5. Notes to Performance Table Asummaryofthesignificantaccountingpolicieswhichhavebeenfollowedinpreparingtheaccompanyingperformancetableissetforthbelow: 1.BeginningBalanceequalstheendingequityfromthepreviousmonth,ifapplicable,andincludesthesumofallcash,accruedinterestincome,accruedbrokeragecommissionsandmiscellaneousexpensesandthecurrentmarketvalueofallopencommoditypositions. 2.Additionsaretheamounts,otherthanthroughsourcesofincome,addedatthestartoftheperiod.Withdrawalsaretheamounts,otherthanthroughsourcesofexpense,withdrawnatthestartoftheperiod. 3.GrossProfit(Loss)isthegrossrealizedgain/(loss)onclosedfuturescontractsduringthemonth.ItisnotreducedbyBrokerageCommissionsandMiscellaneousExpenses. 4.BrokerageCommissionsandMiscellaneousExpensesarerecognizedonanaccrualbasisandrepresentthecommissionschargedpersidebythefuturescommissionmerchantpluschargesbycertainexchangesandself-regulatoryorganizationsandotherchargestotheaccount. 5.NetRealizedProfit(Loss)representsthesumofTotalRealizedProfit(Loss) lessBrokerageCommissionsandMiscellaneousExpenses. 6.ChangeinUnrealizedProfit(Loss)representsthetotalincrease(decrease) fromtheprecedingmonthinopencommoditypositions.Unrealizedgains(losses)onfuturescontractsarecalculatedattheendofeachmonthbasedoncontractsizesandthedifferencesbetweenthecommodityfuturescontractclosingpriceandthepriceatwhichthecontractwasinitiallypurchasedorsold. 7.InterestIncomeisrecognizedonanaccrualbasisandrepresentsinterestearnedonliquidfunds,ifany,heldasmargininthetradingaccount,and/orinterestearned,ifany,onequitybalancesatthefuturescommissionmerchant. 8.GrossPerformanceisthesumofNetRealizedProfit(Loss),ChangeinUnrealizedProfit(Loss)andInterestincome. 9.BalancebeforedistributionisthesumofBeginningBalance,AdditionsandGrossPerformance. 10.Accruedinterestistheamountofinterestearnedbytheinvestor’scapitalduringthemonth.Aspertheagreementitis8%oftheamountinvested. 11.AccruedannualfeeistheamountofannualfeeearnedbyEnnovateSolutionsduringthemonth.Aspertheagreementitis2%ofthefundsundermanagement,calculatedonthebeginningmonthlybalance. 12.GrossProfitiscalculatedbyreducingtheAccruedInterestandAnnualFeefromtheNetPerformance(Note8) 13.AccruedEnnovateFeeis30%oftheGrossProfit.Thefee’swillfollowhigherwatermark. 14.NetPerformanceequalsGrossProfitminusAccruedEnnovateFee. 15.EndingBalanceequalsthesumofBeginningEquityplusAdditionsminusWithdrawalsplusNetPerformance. 16.MonthlyRateofReturnisdeterminedusingthe“Time-Weighting”method.ItisdeterminedbydividingNetPerformanceforamonthbytheweightedaverageofBeginningEquityplusAdditionslessWithdrawals.TheweightedaverageiscomputedbydividingthesumofeachrespectivedailyBeginningEquityplusAdditionslessWithdrawalsbalance,beforereinvestedprofitsorlossesoccurringduringthemonth,bythenumberofdaysinthemonth. MonthlyRateofReturnmaynotbeanaccurateindicatorofperformancesinceitassumesthatNetPerformanceisrealizedonapro-ratabasisoverthedailyweightedaverageofBeginningEquityplusAdditionslessWithdrawalsduringthemonth. 17.IndexisincludedforinformationalpurposesonlyandrepresentstheestimatedcompoundedmonthlyvalueofeachhypotheticalRs.1,000investmentassumedtohavebeenmadeasofthebeginningoftheperiodpresented.Indexiscalculatedas1plustheMonthlyRateofReturntimesthepriormonth’sIndex.Indexmaynotbeanaccurateindicatorofperformancesinceitassumesacontinuousinvestmentwithnosubsequentadditions, withdrawalsordistributionsofaccumulatedprofits. 5 Copyright© - Ennovate Solutions

6. Contact Us SameerGunjal M: +91-9860270324 E : sameer@ericap.in VinitDesai M: +91-9665754056 E : vinit@ericap.in YogeshSingh Thakur M: +91-9921100285 E : yogesh@ericap.in TejasDoshi M: +91-9922958674 E: tejas@ericap.in Copyright© - Ennovate Solutions 6 Head Office: Office No. 1, GunjalComplex, Deccan Gymkhana, Pune-411004 Ph : 020 25361397

7. Disclaimer •This presentation has been prepared solely for informational purposes and may not be relied on in any manner as legal, tax or investment advice or as an offer to sell or the solicitation of an offer to buy an interest in any fund. •This presentation should be considered confidential as it contains important information about the fund’s risks, fees and expenses and may not be reproduced in whole or in part, and may not be circulated or redelivered to any person without the prior written consent of EnnovateSolutions. •Certain information contained herein constitutes “forward-looking statements”, which can be identified by the use of forward-looking terminology such as “may”, “will”, “should”, “expect”, “anticipate”, “project”, “estimate”, “intend”, “continue” or “believe” or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events or results or the actual performance of any fund may differ materially from those reflected or contemplated in such forward-looking statements. Past performance is not a guide to or otherwise indicative of future results . •Except where otherwise indicated herein, the information provided herein is based on matters as they exist as of the date of preparation and not as of any future date, and will not be updated or otherwise revised to reflect information that subsequently becomes available, or circumstances existing or changes occurring after the date here of. •None of the information contained herein shall constitute, or be construed as constituting or be deemed to constitute “investment advice”. •The investments in Systematic products/strategy rely on various economic factors and are subject to market risks and forces affecting the capital markets. The value of the portfolio under products/strategy can go up or down depending on the various factors that affect the capital market. 7 Copyright© - Ennovate Solutions

8. 8 Copyright© - Ennovate Solutions ThankYou

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