A Q U A – Adaptive. Quantitative. Unbiased. Alpha.

Fund Snapshot

Fund Overview

AQUA is PL Asset Management’s pioneering Quantamental Flexicap PMS strategy designed to generate sustainable alpha across changing market cycles using a fully adaptive and rules-based investment framework.

The strategy combines:

• Quantitative intelligence
• Multifactor investing
• Adaptive market regime analysis
• Systematic risk management
• Emotion-free portfolio construction

AQUA follows a benchmark-agnostic and style-agnostic approach that dynamically adjusts according to:

• Market regimes
• Sector leadership
• Risk appetite
• Liquidity conditions
• Macro cycles

The portfolio aims to combine machine-driven precision with human investing wisdom through a “Man with Machine” framework.

PL Asset Management – Quant Leadership

Quant Models and Technology Infrastructure

PL Asset Management uses proprietary quant models supported by:

• Comprehensive data pipelines
• Sophisticated technology infrastructure
• Time-tested investment frameworks
• Systematic signal generation models

The investment process is designed around the principle:

“You can trust it, only if you can test it.”

Multi-Disciplinary Team

The strategy is managed by specialized:

• Investment professionals
• Quant researchers
• Data-driven portfolio teams
• Independent investment committee members

80 Years of Experience

PL’s equity research legacy spans over eight decades across multiple market cycles, economic environments and structural market transitions.

True Blue Quant AMC

PL transitioned early into a pure-play Quant AMC structure and established itself among India’s pioneers in quant-based asset management.

SMART Investment Philosophy

Systematic Design

A rules-based investment structure eliminates emotional and behavioral investing biases.

Measurable Performance

Strategies are rigorously tested across market cycles for consistency and sustainability.

Adaptive Models

The framework dynamically adjusts according to:

• Risk regimes
• Market conditions
• Sector leadership
• Style shifts

Repeatable Alpha

The process focuses on scalable and repeatable alpha generation through systematic execution.

Transparent Process

Every investment decision follows clearly defined rules and objective portfolio construction methods.

Decoding Quant Investing

What is Quant Investing?

Quant investing uses mathematical models, signals and systematic rules to make investment decisions instead of relying purely on subjective human judgment.

In traditional active investing:

• Humans make investment decisions directly

In quant investing:

• Humans create the rules
• Machines execute those rules objectively

Investment decisions become outcomes of predefined systems.

How AQUA’s Quant Process Works

Advantages of Quant Investing

The framework provides:

• Speed, reliability and accuracy in data processing
• Emotion-free investing discipline
• Objective and transparent decision-making
• Superior risk management
• Multi-dimensional data analytics
• Back-testing across market cycles for conviction and confidence

AQUA Strategy Overview

AQUA’s Robust Investment Framework

The strategy is inspired by the multi-dimensional adaptability of water.

Adaptive – Regime Detection & Strategy Alignment

The framework continuously detects:

• Systematic risk appetite
• Market style leadership
• Sector regimes
• Macro conditions

The portfolio dynamically aligns according to:

• Risk-On phases
• Risk Transition phases
• Risk-Off phases

The process determines:

• Asset allocation
• Market-cap mix
• Beta levels
• Sector positioning
• Style tilts

Quantitative – Multifactor Scoring for Stock Selection

The strategy uses systematic and objective multifactor models to eliminate weaker companies and identify stronger opportunities.

Portfolio Screening Process

• Top 500 stocks by market capitalization are evaluated
• 100 illiquid stocks are eliminated
• 100 fundamentally weak stocks are removed
• Final research universe narrows to 300 stocks across:
  • Large caps
  • Mid caps
  • Small caps

6S Framework

Stock selection combines:

• Top-down analysis:
  • Macros
  • Risks
  • Sectors
  • Styles
• Bottom-up analysis:
  • Valuations
  • Fundamentals
  • Liquidity
  • Technical indicators

Unbiased – Portfolio Construction

The strategy avoids emotional and behavioral investing biases through benchmark-agnostic portfolio construction.

The process:

• Allocates capital to top-ranked stocks during each rebalance
• Reduces:
  • Sector bias
  • Style bias
  • Concentration risk
  • Allocation bias
• Maintains diversification through:
  • Maximum 4% allocation per stock at entry

The framework aims to deliver:

• Granular returns
• Diversified risk
• Repeatable performance

Alpha Focused – Rebalancing & Risk Management

The portfolio undergoes periodic restructuring for:

• Risk management
• Sector rotation
• Style alignment
• Superior return generation

Risk Management Process

• Dynamic rebalancing adjusts:
  • Asset allocation
  • Beta exposure
  • Market-cap mix
• Lower-ranked stocks are systematically replaced
• Partial profit booking occurs in continuing winners
• Cash allocation of up to 50% may be used during elevated macro risk environments

Top Performing Sectors Since Inception

10 Reasons To Choose AQUA

Man with Machine Framework

The strategy combines human investing wisdom with machine-driven execution efficiency.

80 Years of Research Expertise

The investment process is supported by PL’s deep institutional research legacy.

Style, Sector & Risk Adaptive

The framework dynamically adjusts to changing market conditions.

Benchmark, Sector & Style Agnostic

The strategy remains flexible instead of being restricted by benchmark composition.

Granular & Repeatable Alpha

Systematic portfolio construction aims to create scalable and repeatable performance.

Objective Exit & Profit Booking

Periodic rebalancing follows objective entry and exit rules.

Emotion-Free Investing

The pure-play quant framework minimizes emotional and behavioral biases.

Optimally Diversified Flexicap Strategy

The strategy maintains diversification across sectors and market capitalizations.

Dynamic Multifactor Approach

Multiple quant factors work together instead of relying on a single investment style.

Responsive Risk Management

Risk exposures are continuously monitored and dynamically adjusted.

AQUA Quant Statistics

Key Highlights

Looking to explore AQUA PMS in detail?

Book a 30 min consultation call!

Access Great Opportunities We've Hand-Picked

Not every fund is worth it. At AltPort Funds, we have a tough selection process for AIFs and PMS strategies that meet our standards. We look at how consistent, skilled, managed, and risk-aware fund managers are before trusting them with your money. This careful selection ensures you get opportunities designed for long-term success, not just short-term hype. We want to protect your money while preparing it for lasting growth.