Wealthtech platform Elever launches quant-based portfolio management services

Wealthtech platform, Elever has announced the launch of its new Portfolio Management Services (PMS) to deliver consistent, long-term returns to investors.

Elever uses a combination of data and technology to suggest systematic investments to its clients, the company said in a press release.

The launch of the PMS addresses a critical market gap, as traditional active money management strategies have increasingly struggled to outperform benchmarks.

According to Elever’s analysis, over the past 18 years, most large-cap active funds underperformed their benchmarks in 13 years, while mid-cap funds faced similar challenges since the mid-2010s. This underperformance has fueled demand for advanced, data-driven investment solutions.

To meet this growing demand, Elever's PMS employs a sophisticated multi-factor model that analyzes over 500 factors across 17 years. The platform's proprietary tactical risk-rotation models utilize machine learning algorithms to predict market signals, the release added.

"Generating alpha consistently in today's market is a significant challenge. Our investment philosophy is built on three core pillars- rule-based investing, factor alpha, and tactical allocation. By eliminating human bias through our 100 per cent 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,” said Karan Aggarwal, Cofounder and Chief Investment Officer at Elever PMS.

Commenting on the launch, Anshul Sharan, Cofounder and CEO of Elever said, "With this launch, we aim to cater to India’s new-age affluent, including HNIs, founders, entrepreneurs, and CXOs across various industries, while also expanding our reach to global investors keen to be part of India’s remarkable growth story.”