Motilal Oswal Securities Launches New PMS Product

Mumbai, Nov 5: | Updated: Nov 6 2003, 05:30am hrs
Domestic brokerage house Motilal Oswal Securities Ltd (MOSt) has launched a new product on Wednesday under the portfolio management service (PMS) category to be called The Trading PMS, targeted at aggressive investors. The product management of the scheme will be on the principle of trend is your friend. The objective of the scheme is to take calculated risks and aim for higher returns in a short span of time by investing in stocks which are in momentum.

Manish Shah, head, retail and internet, MOSt, said, The funds raised through this scheme will be managed using principles of technical analysis and trading will be restricted to fundamentally-sound stocks.

There will be no exposure to junk stocks. Portfolio risk will be minimised through proper diversification across various stocks and sectors.

Sophisticated softwares and proprietory trading systems will be used to improve the returns and probability of success.

On the occasion, Motilal Oswal, CMD, MOSt, said, At MOSt, we have been in the process of creating wealth for our investors, which is based on three main principles. They are: commitment to research and advisory process, ethical busines practices and our customer first attitude and professional work culture.

Mr Oswal pointed out that the Indian retail investors are maturing fast and what happened in the US markets in the seventies is happening to Indian markets too. This is leading to another major paradigm shift in the capital market within the next few years viz, shift from a nation of savers to nation of investors.

In this context, he said that the Indian broking houses will have to transform themselves from being mere execution service providers to investment advisors and fund managers.