Emkay Investment Managers has introduced‘Value-Shastra’, an algo-based solutionthat aims to invest when market offers attractive valuation and exit when valuations are expensive.
The algorithm is back tested with data of the last 20 years across mutual funds & different indices and addresses the concern of investors of ‘when to enter, exit and book profits’, said the company press release.Sunil Jhaveri of MSJ has designed this algo based model.
Vikaas M Sachdeva, CEO, Emkay Investment Managerssaid, “It will help investors plan their asset allocation and investment strategy more effectively. We expect a lot of investors and financial advisors across the country to avail of this opportunity.”