AlphaGrep Secures SEBI Approval to Start Mutual Fund Business

AlphaGrep Securities has received in-principle approval from the Securities and Exchange Board of India (SEBI) to sponsor a mutual fund. This approval allows the firm to take the next steps toward launching its own asset management business in the country.

Mutual Fund Plans Under AGIM

The mutual fund operations will be managed under AlphaGrep Investment Management (AGIM), the firm’s asset management arm. AGIM currently manages over ₹2,000 crore in assets through two SEBI-registered Category III Alternative Investment Funds (AIFs), a long-only Portfolio Management Scheme (PMS), and an offshore AIF based in GIFT City.

Focus on Quantitative Investment

The proposed mutual fund will follow the same quantitative and data-driven approach already used by AGIM. The firm plans to introduce actively managed equity and hybrid funds that rely on mathematical models, machine learning, and systematic portfolio construction.

AlphaGrep Background

AlphaGrep was founded in 2010 by Mohit Mutreja and Parshant Mittal. The firm specialises in quantitative trading and investment strategies and manages over ₹8,500 crore globally. Its team of over 400 professionals operates across 10 offices worldwide.

The mutual fund offering is subject to SEBI’s final approval and fulfilment of regulatory conditions. No launch date has been confirmed yet.

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Industry Activity

AlphaGrep is among several players moving into the mutual fund space. In recent weeks, Jio BlackRock Investment Advisers and Capitalmind Financial Services have also received regulatory approvals to start mutual fund businesses.

Conclusion

AlphaGrep’s entry adds to the list of new firms preparing to enter India’s ₹55 lakh crore mutual fund industry. The focus remains on securing final regulatory clearance before any fund launches take place.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund Investments are subject to market risks, read all the related documents carefully before investing.