Mumbai, June 16 -- AlphaGrep Securities, a leading quantitative investment firm, on Monday said 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.
Bhautik Ambani, CEO of AlphaGrep Investment Management, said, "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 tec...