Geojit to open 75 new branches

Broking firm Geojit BNP Paribas Financial Services plans to open 75 new branches this year.

A large part of these branches would be in South India, Geojit BNP Paribas Financial Services Managing Director C J George told reporters here.

The firm also plans to reach out to investors in semi-urban and semi-rural areas.

In April this year, the NAV of its portfolio grew by 12.17 per cent when compared to Sensex decrease of 0.75 per cent and 'CNX' Nifty decrease of 0.22 per cent, he said.

On a trailing 12 months basis, the portfolio increased by 124.92 per cent vis-a-vis 53.97 per cent increase in Sensex and CNX Nifty increase of 51.97 per cent.

During the year, the assets under management (AUM) crossed the Rs 10,000-crore mark, he said.