The portfolio is based on the customised index- MSCI south India domestic high quality 25 index constructed by global agency MSCI Inc. for Geojit.
ET Bureau | Mar 27, 2019, 06.19 PM IST
Kochi: Geojit Financial Services as part of its portfolio management services has launched a new multicap portfolio-Dakshin, that will invest only in stocks of 25 growth companies in the five south Indian states.
The portfolio is based on the customised index- MSCI south India domestic high quality 25 index constructed by global agency MSCI Inc. for Geojit. Each stock included in the fund will carry equal weight.
Satish Menon, ED of Geojit said: “Conservative investors from south India generally look at equity as a risky investment and prefer investing in companies that they know very well and trust. Dakshin is focused on meeting the growing demand from such investors.”
The custom index designed by MSCI is made from select corporates based in Karnataka, Kerala, Andhra Pradesh, Telangana and Tamil Nadu out of the MSCi India domestic IMI index. The index will fiter out securities with full market capitalisation of less than Rs 50,000 crore and based on many other quality parameters and will be benchmarked against Nifty 500.