Brokerages on a song with rising retail participation
February 19, 2021
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From offering global stocks to facilitating AI-enabled services, stock brokers adapt to keep new investors in the market
The Covid-19 pandemic brought every industry to its kneesin 2020, but one segment that not just beat the fever but was strongly up on its feet was brokerage. ICRA expects the broking industry to clock a record income of ₹27,500-28,500 crore in FY2021, registering 30-35 per cent growth (₹21,000 crore in FY2020) and beating the rating agency’s earlier estimate of ₹23,000 crore.
Active retail participation
One key reason for the stellar comeback of the broking industry is the huge participation of retail investors. Contrary to the expectation, new investors entered the stock market during the lockdown in their droves.
February 15, 2021
Jones George, Chief Digital Officer, Geojit - Businessline×
Geojit Financial Services, through Smartfolios platform, has tied up with Lotusdew, a SEBI and US SEC regulated firm, to offer a basket of stocks using behavioural finance and artificial intelligence.
Geojit will offer a new small- and mid-cap basket of stocks called Lotusdew Prestige, which analyses corporate events such as M&A , 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.
Lotusdew Prestige is sector-neutral and adaptive to index changes. The basket, which currently comprises around 80 per cent of small-cap and 20 per cent of mid-cap, covers sectors such as pharmaceuticals, software and consumer lending, among others.
To help identify Small and Mid Cap stocks based on behavioural finance and AIGeojit Financial Services, 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
Brokerage Geojit Financial Services has launched a new platform to offer a portfolio of small and mid-cap stocks selected on the basis of behavioural finance and thus having higher return potential. The new platform called Lotusdew Prestige offers a basket of stocks that uses behavioural finance and AI to identify dominant market conviction using unconventional methods like M&A analysis, earning surprises, order book wins, dividends, stock splits to spot small and mid-cap stocks, the company said in a statement. The new basket will have 80 per cent small-cap and the rest will be mid-cap covering several high-growth sectors such as pharma, software and consumer lending, among others.