AlphaGrep receives SEBI licence to launch mutual fund business

Quantitative trading and investment firm AlphaGrep has received a mutual fund licence from India’s market regulator Securities and Exchange Board of India, marking its entry into the country’s retail asset management space.

The firm said the new business will operate under AlphaGrep Investment Management Pvt Ltd, which currently manages around ₹2,000 crore across its alternative investment fund (AIF) and portfolio management services (PMS) platforms, including operations in GIFT City.

Founded in 2010, AlphaGrep manages over ₹8,500 crore globally as of February 28, 2026 and is among the larger participants by trading volume on domestic exchanges. The company plans to introduce quant-driven equity and hybrid strategies using mathematical models, artificial intelligence and machine learning.

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“Receiving this licence is a significant step forward in our journey to bring systematic, technology-driven investing to a wider investor base,” said Mohit Mutreja, co-founder and chairman of AlphaGrep.

The mutual fund business will be led by Bhautik Ambani, CEO of AlphaGrep Investment Management. The firm expects to launch its first new fund offers (NFOs) in the coming months focused on systematic equity and rules-based hybrid strategies.