Mumbai: Brokerage firm Kotak Securities will launch
a portfolio management scheme (PMS) focused on small cap
companies having a market cap of less than Rs2,500 crore.
will be the first PMS dedicated to smaller stocks by any
brokerage in the country.
The scheme called ''Kotak Origin'' will have a long maturity
period of 30 months or upto December 2009.
officials said there were about 500 companies with a market
cap between Rs100 crore and Rs500 crore, 750 companies
in the Rs500 crore-Rs1,000 crore market cap and another
200 companies in the market cap of Rs1,000 crore and Rs2,500
would invest in 20 to 25 companies out of the 950 companies
that would qualify for the scheme.
Securities is confident of mobilising Rs180 crore through
its latest portfolio management scheme.
minimum amount is set at Rs10 lakh per investor.
Origin is the second portfolio management scheme of Kotak
Securities in the last couple of months. It recently raised
Rs150 crore for a scheme aimed at large-cap investing.
The scheme, which is looking to invest in a small set
of 18 large-cap stocks, is targeted at investors who are
risk-averse in nature.