Aditya Birla Sun Life AMC Raises Rs 2,416 Crore for New Quant Fund

On Wednesday, Aditya Birla Sun Life Asset Management Company announced that it has raised Rs 2,416 crore from a new fund offering for a quant fund. The company revealed that 1.23 lakh investors have contributed to this new offering. This open-ended equity scheme will utilize a ‘Quant-based’ approach in investing, employing a proprietary quantitative model that combines human insights with machine precision. A Balasubramanian, the managing director and chief executive, stated that this fund aims to harness the combined strengths of human expertise and quantitative models to provide investors with a unique investment solution. He also mentioned that the fund will offer improved transparency, emotion-free decision making, and robust risk management, presenting a strategic opportunity for investors.