Kotak securities announced launch of AutoInvest nationwide

July 15th, 2008 - 11:12 pm ICT by ANI  

Mumbai, July 15 (ANI/Business Wire India): Kotak Securities today announced the launch of AutoInvest and its gold profile AutoInvest- Gold where you can invest in Gold ETF 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 and the downswings in the financial markets.

Commenting on the AutoInvest benefits, 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 ETF, 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,” added Prabhakaran.

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 two per cent discount coupon which 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 ETF through Kotak Securities the client needs to be a Kotak Mahindra Bank account holder.

Under AutoInvest - Gold the investor can invest in three-four stocks, mutual funds and gold ETF every month, which is/are recommended by a dedicated research team at Kotak Securities. (ANI)

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