Geojit ties up with Lotusdew to launch small, mid-cap stock basket using AI


Geojit Financial Services Ltd., through its Smartfolios platform, has tied up with Lotusdew, a SEBI and US SEC regulated firm, to offer a basket of stocks that uses behavioural finance and AI to identify dominant market conviction.

Through this partnership, Geojit will offer a new small and mid-cap basket of stocks called Lotusdew Prestige, which analyses corporate events like M&A announcements, earnings surprises, order book wins, dividends, stock splits etc. to identify profitable stocks.

This is in sharp contrast to the traditional methods like fundamental and technical analyses used by most investment service firms.

Lotusdew Prestige is sector-neutral and adaptive to index changes. The basket, which currently comprises around 80% of small-cap and 20% of mid-cap, covers several high-growth sectors such as pharmaceuticals, software and consumer lending, among others.

Speaking about Smartfolios’ Lotusdew Prestige, Jones George, Chief Digital Officer of Geojit said, “At present, we can see that there is a keen interest among investors to enter the equity market and more young people have started trading. What makes Smartfolios attractive to new as well as experienced investors is that it offers hassle-free order execution, timely recommendations for rebalancing/restructuring the baskets of stocks, no minimum holding period and no paperwork.”

Smartfolios by Geojit, is an online investment platform with system generated recommendations, where investors can choose from differentiated stock baskets, based on their risk profile, investment horizon and investment mode. At present, Geojit offers 10 differentiated stock baskets, each with a different mix of stocks, sectors and market caps.