Mumbai, July 15 (UNI) Kotak Securities today announced the launch of AutoInvest and its gold profile AutoInvest Gold, where one can invest in Gold ETFs.
The product allows investors to invest via SIP (Systematic investment Planning) in Gold ETFs, along with the equity and mutual funds all in one portfolio.
Commenting on the AutoInvest benefits, Mr Prasanth Prabhakaran Senior VP, Kotak Securities said ''Through continuous research, we found that there was a category of investors, who wanted to invest in the stock market for long term but were unable to do so, either due to lack of time or lack of knowledge in stock picking. We, therefore, decided to launch AutoInvest to address this gap.'' ''We aim to cater to investors who believe in a systematic long-term wealth creation. The investor should however be aware that investments in equities are subject to market risks and a SIP product does not necessarily assure returns,'' Mr Prabhakaran said.
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