AlphaGrep Mutual Fund has filed draft documents with SEBI for its first scheme, the Multi Asset Allocation Fund. The open-ended fund will invest across equity, debt, commodities and derivatives, aiming to generate long-term capital appreciation through a diversified, rules-based portfolio.

AlphaGrep Mutual Fund files draft papers with Sebi for its first multi-asset allocation fund

Synopsis

AlphaGrep Mutual Fund has filed draft documents with SEBI for its first scheme, the Multi Asset Allocation Fund. The open-ended fund will invest across equity, debt, commodities and derivatives, aiming to generate long-term capital appreciation through a diversified, rules-based portfolio.

AlphaGrep Mutual Fund, which received final approval from SEBI to launch a mutual fund in March, has filed draft documents with SEBI for its first fund, the AlphaGrep Multi Asset Allocation Fund.

The fund will be an open-ended scheme investing in equity and equity-related instruments, debt and money market instruments, gold, silver, and other permitted commodity ETFs, as well as exchange-traded commodity derivatives.

According to the draft document, the scheme aims to generate long-term capital appreciation by investing in a diversified portfolio. It will allocate across equity and equity-related instruments, debt and money market instruments, gold, silver, and other permitted commodity ETFs, and exchange-traded commodity derivatives.

Best MF to invest

Looking for the best mutual funds to invest? Here are our recommendations.

View Details »

Also Read | Mutual funds raise cash holdings by Rs 12,700 crore despite market rebound in April

The performance of the fund will be benchmarked against 35% NIFTY 200 TRI + 45% NIFTY Composite Debt Index + 20% MCX iCOMDEX Composite Index. The minimum investment amount for a monthly SIP will be Rs 500 (plus in multiples of Re 1) with a minimum of six instalments.

Live Events

The fund will invest 35-80% in equity and equity-related instruments, 10-80% in debt and money market instruments, 10-60% in gold/silver/other permitted commodities ETFs and exchange-traded commodity derivatives and 0-10% in units issued by InvITs. The performance of the fund will be managed by Ravneet Singh.

The fund will be suitable for investors who are seeking long-term capital appreciation by investing in a diversified portfolio and want investments in equity and equity-related instruments, debt and money market instruments, Commodities ETFs and Exchange Traded Commodity Derivatives.

In March, AlphaGrep, a leading global quantitative trading and investment firm, announced that it had officially received the mutual fund licence from the Securities and Exchange Board of India (SEBI).

This milestone marked the group's formal entry into the retail asset management space, bringing over 16 years of experience in data science-led investment strategies to the broader Indian public, according to a press release in March.

AlphaGrep Mutual Fund is expected to roll out its first set of New Fund Offers (NFOs) in the coming months, focusing on systematic equity strategies and rules-based hybrid products.

The mutual fund business will be led by Bhautik Ambani, CEO of AlphaGrep Investment Management, who has been instrumental in scaling the firm's domestic asset management presence.

Also Read | Samir Arora-backed Helios Flexi Cap Fund increases stake in Tata Motors, Eternal, Paytm, 8 others in April

With the launch of AlphaGrep Mutual Fund, the firm aims to "democratise the algorithm," offering retail investors access to sophisticated, systematic investment tools previously reserved for institutional players and ultra-high-net-worth individuals.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@timesinternet.in along with your age, risk profile, and Twitter handle.

(Catch all the Mutual Fund News, Breaking News, Budget 2024 Events and Latest News Updates on The Economic Times.)

Subscribe to The Economic Times Prime and read the ET ePaper online.

...moreless

(Catch all the Mutual Fund News, Breaking News, Budget 2024 Events and Latest News Updates on The Economic Times.)

Subscribe to The Economic Times Prime and read the ET ePaper online.

...moreless

Can GIFT City open doors for Indians missing Korea, Taiwan AI rally?

Iran war impact: Oil prices may be just one among many to pinch you

How this man proved M&As need not be disasters even if tough

Is private sector corruption free? Here's the reality...

Why PNG for every kitchen remains a pipe dream amid LPG crunch

Stock Radar: KIMS breaks out from symmetrical triangle pattern; where is the stock headed?