Mumbai, Maharashtra, India
Kotak Securities, one of India's leading stock broking house, today announced the launch of an innovative product to capitalize on the returns offered by growing Indian MNCs, emerging Businesses, manufacturing and services sectors in India. The scheme will seek to achieve returns through investments in stocks of small, medium and large capitalized companies. The portfolio manager may invest in private placements or pre Follow on Public Offering (FPO) placement of listed securities.
Speaking on the occasion, Mr. Kunj Bansal, Sr. Vice President, Portfolio Management Services, Kotak Securities said, "We have strengthened our portfolio management services bouquet with the launch of GEMS. This will consist of a concentrated portfolio and is specially aimed at investors who would invest for medium to long term periods without being perturbed by short term returns, volatility and market momentum. GEMS is uniquely structured with an option to invest a part of its corpus in private placements or pre Follow on Public Offering (FPO) placement of listed securities adding to investor's wealth creation."
GEMS is a diversified scheme investing across sectors. The product is benchmarked against BSE 200 index. GEMS is open for subscription for a limited period from 21st January 2008 to 15th February 2008. The portfolio will mature on 31st August 2010. The portfolio will be managed by PMS division of Kotak Securities.
About Kotak Securities
Kotak Securities Limited, is a subsidiary of Kotak Mahindra Bank Limited and is the stock broking arm of the Kotak Mahindra Group. With a market share close to 8%* of daily volumes, it is one of the country's leading stock broking house. Kotak Securities processes over 300000 secondary market trades everyday and manages a huge equity asset pool with over Rs. 4616 crore under management. Awarded the Number One "Prime Ranking" in 2004, it is one of the leading distributors of Initial Public Offers (IPO). Kotak Securities has been a distributor for some of the most successful issues in the country. It offers a wide range of financial products for its investors, including Stocks and Shares, IPOs, Mutual Funds and Derivatives. Kotak Securities, today, has 867 outlets in 309 cities, servicing over 3,90,000 customers.
*Market share calculated on combined reported daily volumes (Equity & F&O) of BSE and NSE. The figure as on 31st Dec '07
Awards:
-- 'The Leading Equity House in India' by Thomson Extel Surveys Awards 2007
-- 'Best Brokerage Firm in India' by AsiaMoney 2007
-- 'Best Provider of Portfolio Management - Equities' by Euromoney 2007
-- Avaya Customer Responsiveness Awards 2006 in the financial institution sector
-- Best Broker in India by Asiamoney for 2006
-- Best Provider of Portfolio management - Equities by Euromoney for 2006
-- Best Broker in India by Finance Asia for 2005
-- Best Equities House in India by Euromoney for 2005
-- Best Equity House in India by Finance Asia for 2004
-- Prime Ranking Awards 2003 - 2004 for the largest distributor of initial public offers
Source: Kotak Securities Limited (Business Wire India)
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