Geojit BNP Paribas launches 4 unique Equity SIP portfolios
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 today (31 March) announced the launch of four unique 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. In addition, it offers clients greater control in managing the assets in their portfolio.
Speaking about the launch of Geojit BNP Paribas’ Equity SIP portfolios, C J George, Managing Director said, “Our new Equity SIP portfolios are practical and cost effective ways to help different kinds of investors meet their investment goals. 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.”
Each of the Equity portfolios has shares of different companies and caters to varied investment and risk appetites. In Geojit Classic SIP, the portfolio will depict Geojit BNP Paribas’ market theme for the coming 2-3 years. The portfolio, benchmarked against Sensex, will be dynamically reviewed by the company’s Research Team to suggest periodic changes to stocks and sector weights. In Geojit Classic SIP, the focus is on Infrastructure, Automobiles and Metals. The minimum investment amount per SIP is approximately Rs 14,800.
The Geojit Enhancer SIP portfolio invests in companies across market capitalizations which have excellent track records, quality management, earnings and growth potential and strong fundamentals. The portfolio is benchmarked against the Sensex. The minimum investment amount per SIP is approximately Rs 6,500.
In the Geojit Defensive SIP, 60%-70% of the portfolio will be focused towards blue-chips from the stable Consumer & Information technology businesses. It is an ideal portfolio for a risk averse investor who wants to participate in long-term equity returns. The minimum investment amount per SIP is approximately Rs 7,100. It aims to generate long term capital appreciation through investing in stocks/sectors which are likely to directly benefit from the boom in Indian consumerism. The portfolio is benchmarked against CNX Consumption Index.
The Geojit Growth SIP aims to generate long term capital appreciation from high growth sectors. The portfolio will be oriented towards beta stocks/sectors. Here 50-70% of the allocation will be to sectors like Infrastructure, Industrial, Construction and Finance which are strongly influenced by core economic activities. The risk will be mitigated by investing in industry leaders. The portfolio is benchmarked against the Sensex. The minimum investment amount per SIP is approximately Rs 7,000.
To purchase any of the portfolios of Geojit BNP Paribas Systematic Share Purchase Scheme, one has to visit the company’s customer care website (https://gcc.geojit.net/) and log in using the customer id or via the company’s online investment platform – FLIP, following which they can select the portfolio of their choice. Once the portfolio is selected, clients can choose the time period they want to invest in. For added ease of investing, clients can opt for period specific (monthly/weekly) investments. The purchase of shares will be automatically triggered based on the availability of funds in the client’s account.
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Notes to the Editor:
About Geojit BNP Paribas Financial Services
Geojit BNP Paribas Financial Services (www.geojitbnpparibas.com) is one of the leading financial services intermediaries in India, with a strong presence in the Gulf countries. Listed on the National Stock Exchange (NSE) and on the Bombay Stock Exchange (BSE), it has more than 700,000 clients, a network of around 500 offices and has assets under custody and management worth over 15,000 crore. BNP Paribas is its main shareholder.
Geojit BNP Paribas has an extensive presence in the Middle East region via joint ventures and partnerships. Barjeel Geojit Securities, its joint venture with the Al Saud group is headquartered in Dubai, in the United Arab Emirates, and owns branches in Abu Dhabi, Ras Al Khaimah, Al Ain, and Sharjah. Aloula Geojit Capital Co., the joint venture with the Al Johar group in Saudi Arabia is headquartered in Riyadh with branches in Dammam and Jeddah. BBK Geojit Securities KSC, located in Kuwait, is a joint venture with Bank of Bahrain and Kuwait and JZA. QBG Geojit Financial Services LLC is the joint venture with Qurum Business Group (QBG) and National Securities Co. and based in Oman.
About BNP Paribas
BNP Paribas (www.bnpparibas.com) has a presence in nearly 80 countries with 190,000 employees, including 145,000 in Europe. It ranks highly in its three core activities: Retail Banking, Investment Solutions and Corporate & Investment Banking. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail banking model across Mediterranean basin countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Investment Banking and Investment Solutions activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas and solid and fast-growing businesses in Asia-Pacific.
For more information, please contact: Elizabeth V, Corporate Communications. M: 9995800438 elizabeth_v@geojit.com
