Geojit BNP Paribas Financial Services Limited, in collaboration with its associates, offers stock and share trading facilities in India. The company provides buying and selling of equity and derivatives, entailing index and stock predictions and alternatives. It also offers offline and online buying and selling facilities along with dial facilities. In addition, the firm also provides buying and selling subsidized services to offline patrons; finances for goods trading and credit against security of stocks.
A tie-up with Al Saud Group, Geojit BNP Paribas was initiated in 1987 in Kochi, India with a sole objective of offering buying and selling facilities to its NRI patrons. Geojit's other financial services incorporates allocation facilities for different fiscal tools such as life insurance schemes, FDs and mutual funds; banking services and commodity performance trading.
List of Financial Services offered by Geojit BNP Paribas
Equity
An associate of NSE and BSE, Geojit BNP Paribas, has a set-up of more than 500 sub-divisions in India as well as overseas. Through its branches, the group aim to deliver quality equity buying and selling facilities and providing computerized online trading facilities.
The retail outlets of the group spread across India satisfy individual requirements of the investors and assist them through easy and interesting SMS alerts, magazine research accounts, stock suggestions and economic indicators.
The brokerage format of Geojit BNP Paribas, which is valid to Ordinary Resident account only, makes online vending all the more interesting with 0.03% for day business and 0.30% for deliverance.
Mutual Funds
Geojit BNP Paribas offers around 700 mutual fund schemes which cater to individual need of the customers, offered by 33 diverse Asset Management firms. It updates its customers with exclusive information derived from various researches making buying and recovery of mutual funds easier.
Insurance
Geojit BNP Paribas offers Home, life, medical, health, automobile and family insurance. Customers can purchase any of these schemes just by visiting its wide network of 500 offices dispersed all across the nation. It represents different insurance firms which guarantee the perfect investment solution as per individual requirements. Moreover, the firm's delegate assesses the schemes to guarantee that the customer is covered by the right policy.
Exchange Futures
The facility is available to all the Resident Indians to provide them an opportunity to branch out their investment portfolio dealing in Exchange Derivatives. It is the foremost stock adviser to provide online facilities in Equity.
Geojit's proficiency, effective management and competitive charges guarantees easier online exchange derivatives trading. With valuable supervision and with reasonable commissions, the clients are being able to trade competently.
Portfolio Management
Registered under SEBI Portfolio Manager (INP000003203), Geojit BNP Paribas offers flexible portfolio management facilities assisted by a professional team who administers investment assessments on the basis of buyer's requirements. The lowest investment limits for resident Indians is Rs 10 lakhs and Rs 25 lakhs for NRIs. The basic aim of the Portfolio Management team is to ensure long term capital expansion by locating underestimated stocks and analyzing the growth prospective of the short listed stocks.
It offers two alternatives under its PMS charges:
Alternative 1: 3% on annual basis levied @0.75% at the end of each fiscal quarter Alternative 2: 1% on annual basis levied @0.25% at the end of each fiscal quarter and performance cost
Company growth in FY 2009-10
In the FY 2009-10, Geojit BNP Paribas registered revenues worth INR 781.2 million against previous fiscal year's INR 446.2 million. This indicates that the firm reported a growth of 75% within a span of 12 months. After incurring a trivial INR 10 million loss in the FY 2008-09, the firm's earnings expanded to INR 123.9 million in FY 2009-10. From the previous INR 3.3 million, the company witnessed a massive increase in its Profit Before Tax (PAT) which stood at INR 204.7 million.
The combined earnings of the firm increased by 64% from INR 1.42 billion of the corresponding period of the previous FY to INR 2.35 billion in 2009-10. Combined BPT surged by 201% from INR 212.1 million to INR 637.5 million, while combined net income was registered at INR 387 million as compared to the previous FY's INR 109.6 million.
Corporate Office
Address: 5th Floor Finance Towers
Kaloor
Kochi – 682017
Kochi – 682017
India
Phone: 91 48 4240 5501
Phone: 91 48 4240 5501
Fax: 91 48 4240 5618
Website: www.geojitbnpparibas.com