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 has to face. The focus will now shift to obtaining value added advisory services from Barjeel, all for the benefit of investors," Barjeel Geojit Securities Chairman Sheikh Sultan Bin Saud AI Qassimi said.
"We are the first independent financial intermediary to launch such a service," said Barjeel Geojit Securities CEO Krishnan Ramachandran.
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 offer them a chance to enter the market at attractive prices," said Barjeel Geojit Director K V Shamsudin.
