How this brokerage house lets you invest in new equity based on MSCI indexes

Mumbai, Sep 21 (IANS) Geojit Financial Services, as part of its Smartfolios product, has launched two unique equity indexes based on the custom indexes created by MSCI.These curated model portfolio baskets, specially created for Geojit by MSCI are: Select, which is based on MSCI India Domestic IMI Select sub industries index; and LMS (Large, Mid and Small Cap), which is based on MSCI lndia Domestic IMI Select 30 index. The Smartfolios Select basket represents securities from selected Global Industry Classification Sector (GICS) sub industries like food retail, department stores, distillers & vintners, diversified support services, financial exchanges & data, Internet & direct marketing retail, footwear, movies & entertainment, interactive media & services, and interactive home entertainment. The Smartfolios LMS basket, on the other hand, is a stock index which consists of 30 securities with a selection of 10 securities from each market cap segment of large, mid and small cap. The basket is exclusive for Geojit retail customers.The benchmark for both exclusive indices is the MSCI Domestic IMI index, the parent index, which measures the performance of the large, mid and small cap segments of the domestic market."Our two new Smartfolios baskets, based on custom indexes created by MSCI, offer our clients a choice of investment strategies. Each index basket has its own unique features and based on risk appetite and investment horizon, our customers can select the basket. Now, we have 14 Smartfolios baskets, each offering investment options to the investors depending on their investment appetite and the financial goals they want to achieve," said Jones George, Executive Director, Geojit.
--IANS msn/dpb

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