Kotak Securities Launches AutoInvest Nationwide

Mumbai, Maharashtra India (PressExposure) July 16, 2008 -- Kotak Securities announced the launch of AutoInvest and its gold profile AutoInvest - Gold where you can invest in Gold ETFs too. The product is a first that allows investors to invest via SIP (Systematic investment Planning) in Gold ETFs along with the equity and mutual funds all in one portfolio. Gold has always been close to Indians as it plays a significant role in religious and human sentiment. The glittering yellow metal is also considered as a safe investment that is protected from currency fluctuations or the downswings in the financial markets.

Commenting on the AutoInvest benefits, Mr. Prasanth Prabhakaran Senior VP, Kotak Securities said, "Through continuous research, we found that there was a category of investors who wanted to invest in the stock market for long term but are unable to do so, either due to the lack of time or a lack of knowledge in stock picking. We therefore decided to launch AutoInvest to address this gap. Further taking AutoInvest to the next level, we have also launched AutoInvest Gold which allows investors to build their investments in a combination of Gold ETFs, Equity stocks and Mutual Funds. It is our constant endeavour to involving investors in every step of their wealth creation to both motivate them as well as educate them on the best choices available. We aim to cater to investors who believe in a systematic long-term wealth creation. The investor should however be aware that investments in equities are subject to market risks and a SIP product does not necessarily assure returns."

AutoInvest - Gold, is a systematic investment solution that enables an investor to invest in gold ETFs, stocks and mutual funds on a regular basis, making it a well diversified investment. With AutoInvest - Gold, on sale of Gold ETFs through Kotak Securities, the client will be given a 2 per cent discount coupon which the client can redeem at any Kotak Mahindra Bank branch if he wishes to purchase gold within the validity period of the said discount. For availing the discount coupon on sale of Gold ETFs through Kotak Securities the client needs to be a Kotak Mahindra Bank account holder.

Under AutoInvest - Gold the investor can invest in 3-4 stocks, mutual funds and Gold ETFs every month, which is/are recommended by a dedicated research team at Kotak Securities. Based on the risk appetite, investors can choose from the below profile:

Profile - Features - Aggressive Gold - Only Gold Exchange traded funds (ETF) - Aggressive Gold - Moderate Profile - Equity (30%), Diversified MF (50%) & Gold ETF (20%) - Aggressive Equity - Only Stocks i.e.; investing in large, small and mid cap companies/stocks. - Moderate Equity - Only large cap stocks. - Moderate Profile - Equity (80%) & Diversified MF (20%) - Conservative Equity - Equity (100%) - Conservative Equity & Mutual Funds - Equity (20%) & Mutual Fund (80%)

About Kotak Securities

Kotak Securities Limited is a subsidiary of Kotak Mahindra Bank Limited and is the stock broking arm of the Kotak Mahindra Group. With a market share close to 7.3%* of daily volumes, it is one of the India's leading stock broking house. Kotak Securities processes over 300,000 secondary market trades everyday and manages a huge equity asset pool with over Rs. 3300 crore under management. Awarded the Number One "Prime Ranking" in 2004, it is one of the leading distributors of Initial Public Offers (IPO). Kotak Securities has been a distributor for some of the most successful issues in the country. It offers a wide range of financial products for its investors. Kotak Securities, today, has 877 outlets in 321 cities, servicing over 4.30,000 customers.

Press Release Source: http://PressExposure.com/PR/Kotak_Securities.html

Press Release Submitted On: July 16, 2008 at 2:18 am
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