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Prabhudas Lilladher (PL) Asset Management has launched AQUA Dollar Fund, a long only AIF for global investors.
Global investors, including individuals (foreign nationals and NRIs) and institutions can invest in this fund through the Cat I FPI route with a minimum investment size of $1.25 lakh (Rs.1.04 crore as on today).
The open-ended flexi cap fund combines research expertise with quantitative technology.
In a press release, Siddharth Vora, Fund Manager, Head of Quant Investment Strategies at PL Asset Management, said, “The fund is a significant milestone in bringing our quantitative investing expertise to a global audience. It follows the remarkable success of our AQUA PMS, which delivered 63.98% returns since inception in June 2023 (as of 31 August 2024), compared to 40.07% for the BSE 500 TRI – an outperformance of 23.91%. It also consistently ranked among India’s top-performing flexicap funds.”
“As one of India’s pioneering 100% quant-based asset management firms, our strategies employ rigorously tested, rules-based, and data-driven systems to eliminate traditional behavioural biases like greed, fear, hope, and regret, ensuring disciplined, objective, and emotionless decision-making,” he added.