5paisa.com launches 5paisa wealth portfolio advisory service

India’s only listed discount broker 5paisa.com on Monday announced the launch of its unique service 5paisa wealth a new service for the customers.

5paisa.com is the first broker in the nation to introduce portfolio advisory services for its clients. The new offering includes portfolios from leading investment advisors with proven track records. 5paisa clients can invest in these fee-based baskets to add diversification to their long-term equity portfolios.

The portfolios are created and managed by the research team at Abakkus investment Advisors & Alpha portfolios.

Mr Sunil Singhania, the founder Abakkus, has a distinguished track record of over twenty years in Equity investments. Formerly, as CIO-Equities, he played as instrumental role in building Reliance-Nippon MF into one of India’s largest AMCs overseeing USD 11bn of equity assets.

Mr Pankaj Murarka has over 25 years of experience in Equity Research & Fund management with track record of performance over his professional career. In his last role, Pankaj was associated with Axis Mutual Fund as the CIO managing over $2bn in Indian Equities.