Weathtech platform Elever has launched innovative Portfolio Management Services (PMS), introducing four new products each tailored to meet diverse investment needs and risk profiles. These unique schemes are: FactorAlpha PMS, FactorAlpha SmallCap PMS, FactorShields PMS, and FactorIncome PMS.
With these schemes, which are aimed at generating consistent and long-term returns through a quant-based investment approach for investors, Elever looks to achieve Rs 1,000 crore in assets under management (AUM) within the next two years, according to a release shared by the company.
Elever’s investment approach
The portfolio manager will use a combination of data and technology to suggest systematic investments to its clients, helping investors achieve significant alpha on invested amounts, it said.
Elever’s rule-based models, factor investing strategies, and tactical quant methods help not only to pick good quality stocks but also select the right investment weightage, the company said, adding that this all-weather strategy aims to enhance portfolio performance by combining data-driven insights with a systematic approach ensuring superior risk-adjusted returns.
“Generating alpha consistently in today’s market is a significant challenge,” said Karan Aggarwal, Co-founder and Chief Investment Officer at Elever PMS.
Elever aims to deliver superior risk-adjusted returns
“Our investment philosophy is built on three core pillars: rule-based investing, factor alpha, and tactical allocation. By eliminating human bias through our 100% rule-based approach and combining proprietary factor models with tactical risk rotation, we aim to navigate market cycles effectively and deliver superior risk-adjusted returns,” he said.
According to a recent Deloitte report, the unmet demand for wealth management services in FY24 was estimated at USD 0.4 trillion, with target customer segment wealth expected to rise from USD 1.1 trillion in FY24 to USD 2.3 trillion by FY29. PMS AUM in India has nearly tripled, growing from USD 149 billion in FY17 to USD 405 billion in FY24.
Higher awareness about PMS as an investment vehicle and stock market returns post-COVID are the key drivers of this growth, said the Elever release.
“At Elever, we are pioneering factor investing in PMS because it offers a systematic and transparent approach to delivering consistent value,” said Anshul Sharan, Co-founder and CEO of Elever.
Who can invest in Elever PMS?
“This offering primarily provides exposure to equity markets, making it best suited for experienced investors who have been active in equity markets for at least three years,
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