a fund that auto-adapts to complex market conditions.

AlphaGrep Multi Asset Allocation Fund (AGMAAF) is an open-ended multi-asset allocation scheme that invests across three asset classes - equity, fixed income and commodities. The scheme follows a rules-based quantitative investment framework that dynamically allocates across these asset classes based on changing market conditions.

Multi Asset Allocation is an established SEBI category that requires investment across multiple asset classes.

AGMAAF follows a quantitative investment approach within this category. The scheme dynamically allocates across equity, fixed income and commodities within the asset allocation limits specified in the SID. Portfolio allocations are reviewed periodically using predefined quantitative models rather than relying solely on discretionary market views.

Key features of the investment framework include:

• Dynamic allocation across equity, fixed income and commodities
• Rules-based quantitative investment process
• Weekly portfolio review and rebalancing, where required

The industry average for multi-asset allocation funds shows equity allocations between 56-65% over 2022-2026, with commodity exposure much lower than equity allocation. Industry allocation patterns highlight four structural characteristics worth considering:

• Human Bias - allocation influenced by sentiment, not signals
• Inconsistent Process - fund manager views vary, leading to different outcomes
• Inefficient Diversification - funds end up looking similar to each other despite different stated approaches
• Subjective Macro Overlay - macro views do not always translate into actual portfolio positioning

AGMAAF addresses these through a systematic, repeatable, model-driven process, with discretion limited only to debt instrument selection within a high quality AAA/AA+ universe. The allocation is designed to move dynamically.

AGMAAF has three distinct commodity edges:

• Breadth: AGMAAF uses gold, silver, crude oil, and copper - each serving a different regime purpose.
• Weight: AGMAAF's back tested model has historically allocated 17-35% in commodities.
• Intent: Commodities in AGMAAF are treated as a growth asset, not just a diversifier. The model allocates to commodities when they are expected to perform - not simply because SEBI requires a minimum 10%.

AGMAAF is well-suited for:

• First-time equity mutual fund investors who find pure equity too volatile
• Debt fund investors looking for returns without taking pure equity risk
• Investors with a 3-5 year+ horizon who want a core allocation product
• HNIs who want institutional-grade quantitative investing in an accessible mutual fund wrapper
• Investors who prefer data and process over a fund manager's conviction narrative

Fund Manager: Mr. Ravneet Singh. He has over a decade of experience in quantitative investing, algorithmic trading, and artificial intelligence. He has previously worked across quantitative research and systematic investment roles in global financial markets and technology.

A minimum investment horizon of three years is suggested, with five years or more preferred. A longer holding period allows the strategy to be evaluated across different market environments, including both rising and falling markets.