The machine is ‘impersonal’, and it is an attribute the world of investing rewards handsomely. Hence, quant funds using complex math algorithms are now as much in demand on D-Street as is machine learning in the new-age job world.
Tata Quant Fund is leading that pack with a new fund offer (NFO), and the issue that is now open closes on January 17. Investors can pay Rs 5,000 to buy into it, and the fund will be managed by Sailesh Jain.