Dubai: UAE-based brokerage and financial services provider Barjeel Geojit Securities launched a web- based trading platform of Indian mutual funds for non-resident Indian investors from the UAE.
“The web-based service, Mutual Fund Online, will eliminate the multiple paper work and logistical issues that an investor now has to face. The focus will now shift to obtaining value added advisory services from Barjeel, all for the benefit of investors,” said Sheikh Sultan Bin Saud AI Qassimi, chairman, Barjeel Geojit Securities.
“We are the first independent financial intermediary to launch such a service,” said Krishnan Ramachandran, chief executive officer, Barjeel Geojit Securities.
Barjeel Geojit, a partnership between Indian brokerage company Geojit Financial Services and Al Saud Group of Sharjah, is the first financial services firm in the UAE to offer direct brokerage investment services to the NRI community in the UAE.
Along with the online trading platform, Barjeel Geojit will offer investment advisory services on Indian mutual funds and capital markets.
“Although the number of NRI investors in Indian markets has increased significantly, many have missed the opportunity. The recent market corrections offers them a chance to enter the market at attractive prices,” said K V Shamsudin, director, Barjeel Geojit