Emkay Commotrade, in association with Multi-Commodity Exchange (MCX), is taking commodities as an asset class to retail investors across the country. The strategy of Emkay and MCX, both leaders in commodities segment, to take commodity asset class to the retail investors, hedgers and farmers in tier II, tier III cities in addition to metros, is driven by increasing urbanisation in developing countries like India.
Ashok Mittal, CEO, Emkay Commotrade, said, “Over the next 25 years, we will need substantially more energy compared with that used over last 87 years, and more copper than we produced over the last 107 years”.
As part of the reaching-out initiative, an investor awareness seminar was held in Chennai. The event highlighted hot picks of Emkay Commotrade in commodity sector deeply researched by experts with more than 15 years of experience. The seminar was attended by over 250 farmers, hedgers, traders and investors and provided them insights, views and strategies on various metals and agri commodities.
Emkay plans to organise seminar in 22 cities across 11 states over a period of six months. Through this event, it plans to target prospective investors who wish to invest but do not have much knowledge on the commodities business and their various sectors – agri (grain, vegetable oils, pulses, spices and grains), base metals like aluminum, zinc, nickel, copper and tin , precious metals & materials (gold, silver), and energy (crude oil & natural gas).