Around 77% of operational income is from brokerage and 13% from mutual fund, said Satish Menon, Executive Director, Geojit Financial Services.

Menon said company has grown the systematic investment plan (SIP) book at a healthy rate, “The SIP book in March, 2017 was Rs 88 crore. The SIP book in March, 2018 has grown Rs 165 crore."

He said that company have seen outflow in mutual fund in February and March.

Talking about business, Menon said, “Couple of year back, we were primarily known as stock brokers. Last two years, we have been trying to shift our focus from mere brokerage activity to trying to build long-term wealth for our clients through building mutual fund assets under management (AUM).”

Retail financial services major Geojit Financial Services has reported a sequentially weak fourth quarter.

First Published:May 17, 2018 1:12 PM IST