Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Stock Report

| More

Geojit launches global investment platform

Posted On: 2020-10-29 05:53:38

Geojit Financial Services Ltd., one of the leading investment services companies in India, announced the launch of its global investment platform to help its customers invest in the US markets and diverse global assets through a single account from anywhere in the world.

Geojit has partnered with New York-based global wealth management services platform Stockal, to develop the AI-powered global investment platform which helps investors diversify their portfolio by investing in international equities. The comprehensive tech-enabled digital experience will benefit more than 10 lakh Geojit customers as well as Indian retail investors, high-net-worth investors, ex-NRIs and expat IT professionals who want to invest in the global assets.

The global investment platform from Geojit presently offers investment options in the US stock market and will soon be adding other key global markets such as the UK, Japan, Hong Kong, Germany and Singapore to the platform.

Unlike other global investing platforms, Geojit's unique global investment services offer the lowest price offerings with no minimum amount balance and low commissions as well as BPS-based pricing for high AUM wealth investors and traders. So, buying or selling shares of popular US stocks like Google, Apple, Amazon, Netflix, etc. becomes extremely convenient on the Geojit global investment platform. Geojit offers services in over 4000 stocks & ETFs.

In addition, Geojit offers its clients facilities like digital on-boarding with e-KYC, proprietary tools and algorithms which process 8.5 million data points to help investors make informed decisions, plug-and-play advisory services and aspirational buyouts via fractional stocks so that investors can build diversified portfolios even with small amounts of capital.

It curates personalized investing ideas and insights, automates portfolio monitoring, and executes trades. The portal has tie up with 3 banks in India to facilitate online fund remittance via liberalised remittance scheme (LRS).

While commenting on the launch of the global investing platform, Satish Menon, Executive Director of Geojit Financial Services said, "For over three decades, we have been offering an extensive range of trading and investment products and solutions that are effective and futuristic. At present, the investors are showing strong intent to spread risk and expand equity investment horizon across geographies. There has been a substantial increase in demand from HNWIs, retail investors and those who track global equity investment markets for investing in global equities. Our AI-enabled and insights-driven global investment platform will help them explore investment opportunities in well-regulated markets and build risk-adjusted global investment portfolio. With us, investing in global market becomes as effortless as investing locally."

Global assets have been in great demand in India for the last 12 months. Since the beginning of 2020, thousands of Indian retail investors have invested over Rs.350 crores in overseas markets.

Sitashwa Srivastava, Founder and CEO, Stockal, said, "We are thrilled to partner with Geojit and enable international investing services on their platform. With the huge respect and customer relationships that the Geojit brand has, we are sure their clients will enjoy investing in global companies. At Stockal, we have built a robust platform that executes nearly US$2 million in transactions every day from India and we look forward to supporting the journey of Geojit's clientele."

On Stockal, till date investors from India have executed trade transactions worth Rs.1200 crore by investing in equity-index ETFs, large-cap technology stocks such as Apple, Amazon, Google, Netflix, Facebook and Microsoft, electric mobility like Tesla, commodity ETFs like gold, silver and oil and treasury ETFs.

Shares of Geojit Financial Services Ltd was last trading in BSE at Rs.37.55 as compared to the previous close of Rs. 37.4. The total number of shares traded during the day was 7994 in over 91 trades.

The stock hit an intraday high of Rs. 37.95 and intraday low of 37.05. The net turnover during the day was Rs. 300456.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

Wintac Ltd promoters accept discovered price of Rs. 350 for delisting offer

Äbhayam (Abhaya) Project Inaugurated

GMR Kamalanga Energy Ltd ordered to pay Rs. 1005 crore to SEPCO Electric Power Construction Corporation

Jio Platforms Limited receives subscription amount of Rs. 33,737 crore from Google

Central Bank of India Supported to install Police Station at Marine Drive

UN extends contract of Trigyn Technologies Inc for providing IT staffing support service to OICT

Jubilant Industries Limited to sell its portable liquor license to manufacture IMFL

Open Offer to acquire shares of Timex Group India Ltd at Rs. 24.26 per share

Exide Industries Limited raises stake in Exide Leclanche Energy Pvt Ltd to 80.15%

NMDC bags CSR Excellence Awards

Central Bank of India organized Road Show and distributed MASKS

NIIT Earns Two Coveted Learning Technologies 2020 awards jointly with MetLife

Suyog Telematics Limited awarded as Asia's 200 Best under A Billion 2020 by Forbes

Burgan Bank deploys iGTB's Digital Transaction Banking platform with powerful channel capabilities to power its corporate banking expansion strategy

Airtel and Vedantu empower millions of school children with affordable access to quality education on their home TV screens

Biocon Limited to acquire 26% stake in Hinduja Renewables Two Private Limited

Ircon International Ltd bags orders of Rs. 723 crore

Radio City launches the 12th Season of 'Radio City Super Singer'

Recently published data on Favipiravir as treatment for mild to moderate COVID-19 demonstrates significant improvement in time to clinical cure

ICRA reaffirms longterm rating of BEML Limited

Hester Biosciences Nepal launches a Live Thermo-tolerant PPR Vaccine

Sukhjit Starch & Chemicals Ltd's subsidiary to inaugurate Mega Food Park project on Nov 24, 2020

TCS OmniStore™ Named the POS Technology of the Year at the Retail Systems Awards 2020

Strides Pharma Global Pte. Ltd. receives USFDA approval for Prednisone Tablets

Mindtree Partners with the Nordex Group to Drive Forward the Company's Digital Transformation Journey

Vivimed Labs Limited receives product approvals for 3 ophthalmic products, 3 oral liquid suspension products

Max Estate starts construction of commercial realty project Max Square in Noida at Rs 400 crore cost, with New York Life Insurance Company as financial partner

Praj Industries Ltd signs MoU with Petroleum Ministry to facilitate setting up of CGB plants

SREI Infrastructure Finance Ltd plunges on RBI audit

APSEZ Ranks 14th in the Transportation and Transportation Infrastructure Sector of Dow Jones Sustainability Emerging Markets Index, 2020

BEML receives additional contract from DMRC

Dwarikesh Sugar Industries Ltd to commence distillery plant at enhanced Capacity at Dwarikesh Nagar

Fire incident at Dai-Ichi Karkaria Ltd's plant at Dahej

Union Bank of India board to consider fund raising on Nov 25, 2020

CG Power, Tube Investments of India Ltd and lenders enter into binding agreements for restructuring of debt

ICRA Limited revises ratings of Can Fin Homes Ltd

CARE revises bank facilities rating of Vaibhav Global Limited

Norican Group appoints Mr. Declan Guerin as CFO

ICRA reaffirms, upgrades ratings of Canara Bank's bonds

Indiabulls Housing Finance Limited appoints Mr. Dinabandhu Mohapatra as independent director

RMC Switchgears Ltd bags sales order of Rs. 3.28 crores from MSEDCL

Telanagana Government to provide subsidies up to Rs. 25 crores to Hatsun Agro Product Ltd

Rishiroop Limited enters into MOU for sale of land

Delivery of first Varunastra Flagged off at Bharat Dynamics' Visakhapatnam Unit

Petronet LNG Ltd signs MoU to set up Compressed Bio Gas Plants

Shri Dharmendra Pradhan inaugurates OIL's Seismic Survey Campaign in Mahanadi Basin (Onland)

JSPL Standalone Steel Production rose 13% (Y-o-Y) in October 2020

Nucleus Software's FinnAxia wins the 'Best Technological Innovation in Payments - B2B' Award

IIFL Securities Ltd board approves buyback through open market purchase

WeP Solutions Ltd announces 3:8 rights issue at Rs. 10

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019