AlphaGrep Securities has received in-principle approval from the Securities and Exchange Board of India (SEBI) to sponsor a mutual fund.The development marks the firm’s entry into India’s ₹55 lakh crore mutual fund industry. AlphaGrep plans to expand its quantitative and technology-led investment approach to retail and institutional investors through this new venture.Founded in 2010 by Mohit Mutreja and Parshant Mittal, AlphaGrep is known for its systematic trading strategies. It manages over ₹8,500 crore globally.
The proposed mutual fund will be housed under AlphaGrep Investment Management (AGIM), the firm’s Indian asset management arm. AGIM manages over ₹2,000 crore across two SEBI-registered Category III AIFs, a long-only PMS, and an offshore AIF at GIFT City.The firm said the mutual fund offerings will follow its existing quantitative model. These include using data science, machine learning, and mathematical models to construct portfolios. AGIM plans to offer actively managed equity and hybrid strategies.“We are grateful to SEBI for granting us the in-principle approval,” said Bhautik Ambani, CEO, AGIM. “This supports our vision to provide investors with differentiated, systematic, and data-driven investment solutions.”AlphaGrep, with a team of over 400 across 10 global offices, ranks among the top volume participants on several exchanges worldwide. It is also a major market maker across asset classes.The mutual fund launch is subject to SEBI’s final clearance and fulfilment of regulatory requirements.First Published: Jun 17, 2025 8:42 AM IST
