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AlphaGrep Securities, one of the leading quantitative stock broking and investment firms, has received in-principle approval from SEBI to sponsor a mutual fund.
Founded by Mohit Mutreja and Parshant Mittal in 2010, AlphaGrep has built a specialised quant trading and investment platform. The firm manages over Rs. 8,500 crore globally.
AlphaGrep Investment Management (AGIM), the asset management vertical in India will set up the mutual fund business. AGIM currently has an AUM of over Rs. 2,000 crore and serves 500+ clients across two SEBI-registered Category III AIFs (long-short), a Long-Only PMS, and a GIFT City-domiciled outbound Category III AIF.
In a press release, Bhautik Ambani, CEO of AGIM, 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 technology and data science.”
The new mutual fund business will operate under the same quantitative philosophy that has driven AlphaGrep’s success—combining advanced mathematical models, machine learning, and a disciplined approach to portfolio construction.
The firm plans to offer a range of quant-driven, actively managed products catering to diverse investor needs, including equity and hybrid strategies
