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Online mutual fund investment platform unveiled by QBG Geojit
March 7, 2018 | 1:37 PM
by Times News Service
Omanis and other nationals too will be able to invest in the vibrant Indian economy through the Foreign Portfolio Investment (FPI) regime. - Supplied picture
 
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Muscat: To offer Indian and other nationals in Oman (through FPI route) the opportunity to invest in mutual funds in Indian markets, QBG Geojit Securities in association with National Stock Exchange, launched its online mutual fund investment platform called NMF -II. Omanis and other nationals too will be able to invest in the vibrant Indian economy through the Foreign Portfolio Investment (FPI) regime.

Present at the event were, Shaikh Abdul Aziz Al Hosni, chairman of QBG Geojit and VC & MD, QBG, Piyush Kanth, director, National Securities Company, and Susanth Sukumaran, country head, QBG Geojit Securities.

QBG Geojit is a licensed financial intermediary in Oman dealing in non-Omani securities which includes, shares, mutual funds, depository services etc. With the launch of this mutual fund (MF) platform, any Investor with pan and Know Your Customer (KYC), can register with us and will be able to choose from thousands of mutual fund schemes available in the market.

The online platform, NMF II is a user-friendly application by National Stock Exchange that offers superior order management and execution capabilities. It is available in web based and mobile app mode. The application requires just a onetime investor registration (Investor Identification Number). Investors can also carry out multiple orders through a single transaction and can link up to 5 bank accounts.



Speaking at the event, Shaikh Abdul Aziz Al Hosni, chairman of QBG Geojit said, “With QBG Geojit offering this service, Indians can now easily meet their investment needs and track their portfolio. This, in turn will help them achieve their dreams, with expert guidance from us.”

The Indian mutual fund industry has been growing at nearly 30 per cent annually. While its asset under management at present stands at $345 billion, the amount is expected to reach $745 billion in four years’ time.

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