Brokerage firm Kotak Securities is launching a portfolio management scheme (PMS) focusing on small cap companies having a market cap of less than Rs 2,500 crore, a first PMS dedicated to smaller stocks by any brokerage in the country.Unlike some of the other existing portfolio schemes, this scheme christened 'Kotak Origin' will have a long maturity period of 30 months or upto December 2009.
There are about 500 companies with a market cap between Rs 100 crore and Rs 500 crore, 750 companies in the Rs 500 crore-Rs 1,000 crore market cap and another 200 companies in the market cap of Rs 1,000 crore and Rs 2,500 crore. Kotak would be investing in 20 to 25 companies out of the 950 companies that would qualify for the scheme.
Kotak Origin is the second portfolio management scheme of Kotak Securities in the last couple of months. It recently raised Rs 150 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.
Read more in The Business Standard article.
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