AlphaGrep, a leading stock market investment company, is now entering the mutual fund business in India. The company has received a mutual fund license from the Securities and Exchange Board of India (SEBI).
Because of this approval, ordinary investors in India will soon be able to access advanced, data-driven investment technologies that were earlier used mainly by wealthy individuals and foreign investors.
Mathematical Investing for Everyone
AlphaGrep CEO Bhautik Ambani said that the company wants to make investing as accurate and systematic as engineering.
According to the company, investment decisions based on data and mathematics can deliver better results than decisions based only on guesswork.
Until now, this type of algorithm-based investment technology was mostly available to large financial institutions.
However, the company now plans to make this technology accessible to all investors in India so that more people can benefit from it.
New Mutual Funds to Launch Soon
After receiving the license, AlphaGrep plans to launch its first mutual fund schemes, also known as New Fund Offers (NFOs), in the coming months.
These funds will rely heavily on artificial intelligence (AI) and advanced computer models to guide investment decisions.
Company Chairman Mohit Mutreja said that the goal is to give investors a modern and scientific way to grow their wealth.
16 Years of Experience and Growth
AlphaGrep started as a small company in 2010. Over time, it has grown significantly and now manages investments worth more than ₹8,500 crore globally.
In India, the company already manages over ₹2,000 crore for large investors through Alternative Investment Funds (AIFs) and Portfolio Management Services (PMS).
With the launch of its mutual fund business, the company plans to bring its 16 years of experience and expertise to ordinary investors as well.
