AlphaGrep Securities, a leading quantitative investment firm specialising in systematic strategies, has received in-principle approval from SEBI to sponsor a mutual fund.
The final registration and operational launch are subject to the fulfilment of SEBI’s prescribed requirements, it said.
Founded in 2010 by Mohit Mutreja and Parshant Mittal, AlphaGrep manages over ₹8,500 crore globally.
AlphaGrep Investment Management, the asset management vertical in India, will house the proposed Mutual Fund business. AGIM has an AUM of over ₹2,000 crore across 500 clients through two SEBI-registered CAT III AIFs (long-short), Long Only PMS and Gift City-domiciled outbound CAT III AIF.
With a proven track record of managing alternative assets and delivering risk-adjusted returns, the firm aims to democratise access to sophisticated investment strategies through its upcoming suite of mutual fund products.
Bhautik Ambani, CEO, AlphaGrep Investment Management said the new mutual fund business will operate under the same quantitative philosophy that has driven AlphaGrep’s success and combine advanced mathematical models, machine learning and a disciplined approach to portfolio construction.
The firm plans to offer a range of quant-driven actively managed products catering to diverse investor needs, including equity and hybrid strategies, he said.