Geojit Financial Services has announced its partnership with Loctusdew to launch small, mid-cap stock baskets that use behavioral finance and AI to identify dominant market convictions.
“Through the 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,” the statement said.
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. It fills the gap for an investment basket in the aggressive – long term category of investors.
Speaking on the partnership, Satish Menon, Executive Director, Geojit said, “For over three decades, we have been offering an extensive range of trading and investment products. Investors are at present showing a strong intent to spread risk and expand their equity investment horizon across market caps. There has been a substantial increase in demand from HNWIs and retail investors. Our AI-enabled and insights-driven investment platform will help them explore small and mid-cap stocks that presage great profitability.’
Commenting about Smartfolios’ Lotusdew Prestige, Jones George, Chief Digital Officer of Geojit said, “At present, we can see that there is a keen interest among investors to enter the equity market and more young people have started trading. What makes Smartfolios attractive to new as well as experienced investors is that it offers hassle-free order execution, timely recommendations for rebalancing/restructuring the baskets of stocks, no minimum holding period, and no paperwork.”
Lotusdew Prestige has a history of the total return of 56.22 percent, since inception (January 2017), against Nifty Small Cap 50 index’s 20.95 percent. The CAGR of Lotusdew Prestige is 12.68 percent against the Nifty Small Cap 50 index’s 3.94 percent, over the same period till January 31. The returns during the fourth quarter of 2020 stood at 34.22 percent. The minimum investment lot in Lotusdew Prestige is Rs. 5 lakhs and the client can choose to invest directly via the Smartfolios platform.
“We are thrilled to partner with Geojit and provide services enabled by AI and behavioral finance on their platform. Given the huge respect that Geojit brand possesses among the investor community, we are sure their clients will enjoy investing in Lotusdew Prestige,” said Abhishek Banerjee, CEO, Lotusdew.