You got to know about the global financial crisis too late to save your investments. The loss made you reflect and pine for a real-time international stock market data delivery system right in the palm of your hand.
To make taking of decisions timely Kotak Securities has tied up with Denmark-based Saxo Capital Markets to help investors to do just that across 24 stock exchanges.
With this tie up, investors would be able to keep abreast of all the happenings in the world of equities and more in different stock exchanges across various continents including Asia, America, Australia and Europe.
According to senior officials of Kotak Securities, the basic idea behind launching this initiative was to cater to the growing appetite of investors who wish to invest overseas.
Kotak may well have been eyeing a segment of high net worth individuals (HNI) who had been empowered by the Reserve Bank of India when it had eased the cap from $25,000 to $100,000 on foreign-bound investments way back in 2007 from India.
The first time Indians were allowed to invest abroad was in 2004, when the limit was set at $25,000 per calendar year, which allowed them the opportunity to invest in shares abroad and book profits thereof. In fact, the opportunity allowed Indians to buy into anything including these equity, mutual funds, and insurance policies.
Known as the Kotak Trader, it helps you to keep tabs on the latest news, market updates and guides along with trading strategies provided by Saxo Capital Markets for the prevailing market conditions -- one can also take the help of a technical analysis tool on the trading platform to monitor the market for a particular technical event, and get the notifications sent directly to one’s inbox.
Aside from stocks, Kotak Trader provides direct access to ETF's and Real Estate Investment Trusts (REITs).