AlphaGrep Mutual Fund files draft papers with Sebi for its first multi-asset allocation fund

AlphaGrep Mutual Fund, which received final approval from SEBI to launch a mutual fund in March, has filed draft documents with SEBI for its first fund, the AlphaGrep Multi Asset Allocation Fund.

The fund will be an open-ended scheme investing in equity and equity-related instruments, debt and money market instruments, gold, silver, and other permitted commodity ETFs, as well as exchange-traded commodity derivatives.

According to the draft document, the scheme aims to generate long-term capital appreciation by investing in a diversified portfolio. It will allocate across equity and equity-related instruments, debt and money market instruments, gold, silver, and other permitted commodity ETFs, and exchange-traded commodity derivatives.

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The performance of the fund will be benchmarked against 35% NIFTY 200 TRI + 45% NIFTY Composite Debt Index + 20% MCX iCOMDEX Composite Index. The minimum investment amount for a monthly SIP will be Rs 500 (plus in multiples of Re 1) with a minimum of six instalments.

The fund will invest 35-80% in equity and equity-related instruments, 10-80% in debt and money market instruments, 10-60% in gold/silver/other permitted commodities ETFs and exchange-traded commodity derivatives and 0-10% in units issued by InvITs. The performance of the fund will be managed by Ravneet Singh.
The fund will be suitable for investors who are seeking long-term capital appreciation by investing in a diversified portfolio and want investments in equity and equity-related instruments, debt and money market instruments, Commodities ETFs and Exchange Traded Commodity Derivatives.In March, AlphaGrep, a leading global quantitative trading and investment firm, announced that it had officially received the mutual fund licence from the Securities and Exchange Board of India (SEBI).

This milestone marked the group’s formal entry into the retail asset management space, bringing over 16 years of experience in data science-led investment strategies to the broader Indian public, according to a press release in March.

AlphaGrep Mutual Fund is expected to roll out its first set of New Fund Offers (NFOs) in the coming months, focusing on systematic equity strategies and rules-based hybrid products.

The mutual fund business will be led by Bhautik Ambani, CEO of AlphaGrep Investment Management, who has been instrumental in scaling the firm’s domestic asset management presence.

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With the launch of AlphaGrep Mutual Fund, the firm aims to “democratise the algorithm,” offering retail investors access to sophisticated, systematic investment tools previously reserved for institutional players and ultra-high-net-worth individuals.

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