High-speed trader AlphaGrep Securities Pvt.’s asset management unit will offer algorithmic-driven trading strategies to India’s retail investors, according to a top executive, pitting it against the likes of Jio BlackRock Asset Management Pvt. for a slice of the nearly $900 billion mutual fund industry.
Over the next 18 months, AlphaGrep Investment Management Pvt plans to unveil about half a dozen mutual funds, Chief Executive Officer Bhautik Ambani told a press conference Tuesday. On July 6, it will launch the first fund, a dynamically managed multi-asset fund investing across equities, fixed income and commodities.
