The Hindu : Business : Equity Intelligence’s future growth plans

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Saturday, Dec 08, 2007
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Equity Intelligence’s future growth plans

K. Venkiteswaran

Restructures research team

Targets Rs. 200 crore under asset management
To increase the client base to 850 by year-end

KOCHI: Kochi-based Equity Intelligence, one of the leading portfolio managers in the country, is targeting managing assets to the tune of Rs.200 crore within a year, says Porinju Veliyath of the company.

He told reporters here that the company had restructured its team as part of future growth plans. Sanjeev Jain, a well-known market expert has joined as research head.

The company’s Mumbai office would be used exclusively for research and market intelligence.

He said the company planned to increase its assets-under-management substantially in the coming years, mostly by performance and capital additions from existing investors.

The idea is to increase the client base to 850 by year end from the present 550, mostly from Kerala and non-residential Keralites, Mr. Purinju said. “So far we have we were making value based investments, but given the unprecedented pace of the capital market, we have changed our strategy. The company plans to blend value with momentum for the best results.

Now, sixty per cent investment will be made on value base of the shares and the remaining forty per cent based on value and momentum of scrips on the bourses,”, Mr. Porinju said.

The website, www.equity-intelligence.com is being spruced up and it will inform the clients on where their money has been invested, its track record of performance and the latest tips and related reports on a daily basis.

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