Geojit launches equity SIP portfolios

KOCHI: To cater to the growing demand for systematic monthly or weekly purchase of select shares to build a long term investment portfolio, Geojit BNP Paribas has launched four equity SIP portfolios that match varied risk appetites of investors.

Named Geojit classic SIP, Geojit enhancer SIP, Geojit defensive SIP and Geojit growth SIP, each portfolio will be periodically reviewed by the company’s research team with a view to generating above market returns.

Geojit BNP Paribas Systematic Share Purchase Scheme offers investors a direct entry into the capital markets unlike mutual fund SIPs, while benefitting from the expert advice from the company’s research team.

C J George, managing director of the company said: “ With this new product, we aim to encourage more people to start investing in the Indian capital markets, especially the youth and first time investors. In addition, this scheme is ideal for salaried investors who want to build a long term portfolio in stocks but prefer not to invest a lump sum.”

Satish Menon, executive director of Geojit BNP Paribas added, “We have always been an innovator in financial services. The launch of these unique portfolios is in keeping with our endeavor to continuously upgrade the products and services that we offer our clients.”