Sequity Capital is a private asset management sole-proprietorship that prioritises structured investments and generation of regular cashflow to self-fund acquisition of assets.
We implement multi-asset, focused equity, and contrarian- value investment strategies to maintain a market-driven portfolio with strong resilience against market downturns.
Performance Report – May 2025
During the period, our assets tripled! This lead to a busy month as we were engaged in formalities, portfolio strategy, and finally- acquisition of holdings. We have successfully implemented all the allocation activities within this period.
This monthly performance report aims to communicate the following:
- Key Developments
- Security Holdings
- Financial Statements
- Explaining the Financial Statements
- Manager’s Report
By understanding their businesses, owners (shareholders) can make more informed decisions and exercise higher control over the management of their business.
Key Developments
- Investment inflows totalling to ₹4,51,000.00.
- SBI is our top-player in equities with an allocation of 19.69% of our total holdings.
- 10 bonds of 985IIFL22 totalling a maturity value of ₹10,000 are no longer eligible for trading, as they are processed for maturity redemption.
Security Holdings
At present, we own the following securities listed in the stock exchanges (NSE & BSE):
Holdings as on 31st May 2025
| Asset | Total Qty | Mkt Value (Per Unit) | Total Mkt Value (₹) |
| 1015UCL26 | 10 | 995 | 9,950.00 |
| 1025UCL26A | 15 | 995.15 | 14,927.25 |
| 1060ECL29 | 20 | 1,118.00 | 22,360.00 |
| 10IIFL29 | 110 | 994.66 | 109,412.60 |
| 842IIFL26 | 10 | 982.7 | 9,827.00 |
| 92GS2030 | 500 | 116.85 | 58,425.00 |
| 943ECL28 | 75 | 968.44 | 72,633.00 |
| 960ISFL25 | 10 | 1,018.60 | 10,186.00 |
| 96IIFL28A | 10 | 970.1 | 9,701.00 |
| 985IIFL22 | 10 | 997 | 9,970.00 |
| 995ECL29A | 90 | 982 | 88,380.00 |
| GoldBEES | 425 | 79.49 | 33,783.25 |
| ITC | 70 | 417.9 | 29,253.00 |
| PNB | 40 | 105.8 | 4,232.00 |
| SBIN | 160 | 812.3 | 129,968.00 |
| SMC Global | 10 | 117.05 | 1,170.50 |
| TATA Motors | 30 | 719.45 | 21,583.50 |
| Titan | 1 | 3,555.00 | 3,555.00 |
| POWERGRID | 20 | 289.7 | 5,794.00 |
| TOTAL | 645,111.10 |
Financial Statements
Income Statement for May 2025
| ACCOUNT | (INR) |
| Operating Income | |
| – Dividend Income | 556.50 |
| – Interest Income | 499.90 |
| – Realized P&L | -82.00 |
| – Unrealized P&L | 3,977.65 |
| Total Operating Income | 4,952.05 |
| Gross Profit | 4,952.05 |
| Operating Expenses | |
| – Bank Fees and Charges | 299.00 |
| – Trading Charges | 253.39 |
| Total Operating Expenses | 552.39 |
| Operating Profit | 4,399.66 |
| NET PROFIT/LOSS | ₹4,399.66 |
Balance Sheet as on 31st May 2025
| ACCOUNT | (INR) |
| ASSETS | |
| Current Assets | |
| Bank Accounts | 1,546.91 |
| Trading Account | 15,968.83 |
| Total Current Assets | 17,515.74 |
| Fixed Assets | |
| Debt Securities | 4,15,771.85 |
| Equity Securities | 1,95,556.00 |
| Metals & Commodities | 33,783.25 |
| Total Fixed Assets | 6,45,111.10 |
| TOTAL ASSETS | 6,62,626.84 |
| LIABILITIES & EQUITY | |
| Equity | |
| Owner’s Equity | 6,52,001.17 |
| Retained Earnings | 750.01 |
| Current Year Earnings | 9,875.66 |
| Total Equity | 6,62,626.84 |
| TOTAL LIABILITIES & EQUITY | 6,62,626.84 |
Explaining the Financial Statements
The key observations from the financial figures are as follows:
- Net Profit of ₹4,399.66
In May 2025, we have earned a net total amount of ₹4,399.66. This includes all the incomes, and expenditures incurred by the business.
- Unrealized P&L of ₹3,977.65
During the period, we have gained this amount in terms of capital appreciation. We would realise a profit of ₹3,977.65 if we sold all our holdings at market price.
- Interests and Dividends of ₹1,056.40
During the period, we have generated this positive cashflow from our debt holdings and a dividend totalling ₹556.5 received from SBI shares.
- Trading Account balance is ₹15,968.83
This balance is maintained as trading funds to facilitate trading and hedging activities.
Manager’s Report
Business
The month of May was the busiest since the commencement of business. We have received new investments during this period and have successfully invested them in appropriate instruments to reach our desired investment objectives.
The Indian securities market has shown signs of recovery, with the bonds market leading our portfolio gains. We have acquired securities at a relatively bullish zone, however we have allocated most of our capital on the basis of valuation- this should result in a high safety of margin without severely compromising on growth opportunities.
Focus
We are concerned about the geopolitical affairs concerning India, especially in manufacturing sector. The EXIM tariff reliefs from U.S. should provide a temporary market confidence.
We are also trying to understand the effect of money supply, distribution of wealth, market data on consumption, etc., to understand shift in investment trends.
Suggestions
Sequity management has been successful in acquisition of bonds with high yields. We have also purchased equities at good valuations with high growth prospects. Investment opportunities exist especially for bonds, however we will advise our clients to hold a neutral outlook for the month of June 2025.
Overall, we are satisfied with the performance of our investments. We remain confident about reaching our investment objectives.
Tuhin Subhro Sardar
(Manager)
Sequity Capital 