Kotak Sec launches innovative product

Leading stock broking house Kotak Securities has 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, Kunj Bansal, senior 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 January 21 to February 15. The portfolio will mature on August 31, 2010. The portfolio will be managed by PMS division of Kotak Securities.