Allegro to open 'financial supermarket' in Kerala

Kochi, Jun 15: Allegro Capital Advisors, India's leading full-service investment bank, will open country's first-ever 'Financial Supermarket' in Kerala.

Speaking to reporters here last night, Allegro Chairman and CEO Kunal Kashyap said every branch would offer over 17 different categories of financial products from over a 100 companies representing the entire spectrum of the market.

Stock broking, life and general insurance, gold, mutual funds, gold traded funds, IPOs, loans and advances, money transfers, private banking, portfolio management services, post office and RBI bonds and international investments products would be on offer to every customer at the 'financial supermarket,' Mr Kashyap added.

Initially, the service would be provided through branches and franchisees across 48 cities and towns across the state.

'' Across our businesses, our advice to the customers is unbiased from the compulsions associated with representing manufacturers and distributors of financial products and the limitations of operating in compartmentalized business groups,'' Mr Kashyap said.

Allegro will represent leading financial brands and services like Reliance, ABN, Fidelity, ICCI for mutual funds, broking on the NSE and BSE, insurance from LIC, ICCI, Prudential, Kotak Mutual, HDFC Standard Life, Metlife and gold from Tanishq.

The private banking business of the company runs across 19 locations in the country making it the highest fee paying private bank in India.

UNI