AlphaGrep receives Sebi’s in-principle approval to sponsor mutual fund

AlphaGrep Securities, a leading quantitative investment firm specializing in systematic strategies, has announced that it has received the in-principle approval from SEBI to sponsor a mutual fund.

This approval marks a significant milestone in AlphaGrep’s journey to bring its data-driven, technology-powered investment capabilities to a broader retail and institutional investor base in India, according to a press release.

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Founded by Mohit Mutreja and Parshant Mittal in 2010, AlphaGrep has built a specialised quant trading and investment platform. AlphaGrep manages more than Rs 8500 crore globally.

AlphaGrep Investment Management (AGIM) is the asset management vertical in India that will house the proposed Mutual Fund business. AGIM has an AUM of more than Rs 2,000 crore and 500+ clients across two SEBI-registered CAT III AIFs (long-short), Long Only PMS, and GIFT City-domiciled outbound CAT III AIF.

Founded on the principles of transparency, discipline, and research-led decision making, AGIM has established itself as a pioneer in quantitative and algorithmic investing in India, the release said.

With a proven track record of managing alternative assets and delivering risk-adjusted returns, the firm now aims to democratize access to sophisticated investment strategies through its upcoming suite of mutual fund products.

“We are grateful to SEBI for granting us the in-principle approval and for fostering an environment that encourages innovation in asset management. This development reinforces our long-term vision of offering investors access to differentiated, systematic and quant-driven investment solutions grounded in technology and data science,” said Bhautik Ambani, CEO of AlphaGrep Investment Management.

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The new mutual fund business will operate under the same quantitative philosophy that has driven AlphaGrep’s success – combining 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.

The final registration and operational launch are subject to the fulfilment of SEBI’s prescribed requirements.