Allegro launches 'financial supermarket' in Kerala
Allegro Capital Advisors, an investment advisory service provider, on Friday launched a 'financial supermarket' here to offer range of financial products.
By PTI |
KOCHI: Bangalore-based Allegro Capital Advisors, an investment advisory service provider, on Friday launched a 'financial supermarket' here to offer range of financial products and services like stock broking, insurance, banking and property management under one roof.
The supermarket would offer over 17 different categories of financial products from over 100 companies, representing the entire spectrum of that is available anywhere in the country, Allegro Capital Advisors Pvt Chairman and CEO Kunal Kashyap told mediapersons here.
Stock broking, life and general insurance, gold, mutual funds, gold traded funds, IPOs, loans and advances, money transfer, private banking, portfolio management services, post office and RBI bonds, real estate and property management services and international investments products will now be offered to customers in Allegro branches, he said.
This new venture gives the company credibility and operational edge over any bank or insurance company that is restricted to its brand products, he said.
Besides Kochi, 'financial supermarket' branches will initially be spread across 14 major towns in Kerala, including Thiruvananthapuram, Kozhikode, Thrissur and Kottayam. Work on these branches in Kerala is progressing and was expected to be operational by June end, he said.
"Kerala is the right choice for us for a number of reasons. The state has among the best aggregation of discerning investors when compared to many other parts of the country," he said.
Allegro seeks to become the largest 'supermarket' retailer of financial products in India and also the largest independent distributor of all financial products across south India by March 2008, he said.
The supermarket would offer over 17 different categories of financial products from over 100 companies, representing the entire spectrum of that is available anywhere in the country, Allegro Capital Advisors Pvt Chairman and CEO Kunal Kashyap told mediapersons here.
Stock broking, life and general insurance, gold, mutual funds, gold traded funds, IPOs, loans and advances, money transfer, private banking, portfolio management services, post office and RBI bonds, real estate and property management services and international investments products will now be offered to customers in Allegro branches, he said.
This new venture gives the company credibility and operational edge over any bank or insurance company that is restricted to its brand products, he said.
Besides Kochi, 'financial supermarket' branches will initially be spread across 14 major towns in Kerala, including Thiruvananthapuram, Kozhikode, Thrissur and Kottayam. Work on these branches in Kerala is progressing and was expected to be operational by June end, he said.
"Kerala is the right choice for us for a number of reasons. The state has among the best aggregation of discerning investors when compared to many other parts of the country," he said.
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Allegro seeks to become the largest 'supermarket' retailer of financial products in India and also the largest independent distributor of all financial products across south India by March 2008, he said.
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