Geojit Financial Services Limited Ties Up with Lotusdew to Launch Small, Mid-Cap Stock Basket Using Ai as Part of Its Smartfolios Platform
February 15, 2021 at 07:35 am EST
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Geojit Financial Services Ltd, through its Smartfolios platform, has tied up with Lotusdew, a SEBI and US SEC regulated firm, to offer a basket of stocks that uses behavioural finance and AI to identify dominant market conviction. Through this partnership, Geojit will offer a new small and mid-cap basket of stocks called Lotusdew Prestige, which analyses corporate events like M&A announcements, earnings surprises, order book wins, dividends, stock splits etc. to identify profitable stocks. This is in sharp contrast to the traditional methods like fundamental and technical analyses used by most investment service firms. The knowhow of Lotusdew helps investors identify future stock behaviour and profit from it. Lotusdew Prestige is sector-neutral and adaptive to index changes. The basket, which currently comprises around 80% of small-cap and 20% of mid-cap, covers several high-growth sectors such as pharmaceuticals, software and consumer lending, among others. Lotusdew Prestige fills the gap for an investment basket in the aggressive - long term category of investors. Investors in this scheme will be apprised of every change in the stock mix so that they can be reassured that the portfolio is actively managed by professionals.
Geojit Financial Services Limited is an investment services company. The Company operates through two segments: Financial services and Software services. Its Financial services segment consists of brokerage services, depository services, financial products distribution services, portfolio management services and other allied activities. Its Software services segment consists of income from development and maintenance of software. The Company offers financial services, including online broking for equities, commodities, derivatives and currency futures, custody accounts, financial products distribution, portfolio management services, margin funding and others. It offers Flip, Selfie, TraderX, an online trading platform for traders and investors. Its Funds Genie is a mutual fund platform for mutual fund investments, including goal planning and model portfolio creation. Its subsidiaries include Geojit Credits Private Limited and Geojit Investment Services Limited, among others.