Elever, a Bengaluru-based wealth-tech platform, has recently launched its Portfolio Management Services (PMS) with the aim of delivering consistent returns through quantitative investment strategies. The SEBI-registered firm has introduced four different investment schemes and aims to achieve ₹1,000 crore in assets under management within the next two years.
The newly launched offerings include FactorAlpha PMS, FactorAlpha SmallCap PMS, FactorShields PMS, and FactorIncome PMS, each tailored for different risk profiles and investment objectives. Elever’s investment approach combines rule-based models with factor investing strategies, utilizing machine learning algorithms to predict market signals.
Co-founder and Chief Investment Officer Karan Aggarwal, who brings with him experience managing over USD 5 billion at Indxx Capital, highlighted the company’s investment philosophy centered around rule-based investing, factor-alpha, and tactical allocation. Elever’s quantitative models analyze over 500 factors spanning 17 years of data.
This launch comes at a time of significant growth in India’s wealth management sector, with PMS AUM in the country increasing from US$149 billion in FY17 to US$405 billion in FY24. CEO Anshul Sharan noted that the new service will cater to high-net-worth individuals, founders, entrepreneurs, CXOs, and global investors interested in the Indian market.
The article was published on January 28, 2025.
