Elever unveils innovative PMS targeting high-net-worth individuals
Bengaluru-based wealth-tech platform Elever launched its Portfolio Management Services (PMS), introducing four different investment schemes to deliver consistent returns through quantitative investment strategies. The SEBI-registered firm targets to achieve ₹1,000 crore in assets under management within two years.
The new offering includes FactorAlpha PMS, FactorAlpha SmallCap PMS, FactorShields PMS, and FactorIncome PMS, each designed for different risk profiles and investment objectives. The company’s investment approach combines rule-based models with factor investing strategies and uses machine learning algorithms to predict market signals.
According to Elever’s Co-founder and CIO Karan Aggarwal, who previously managed over USD 5 billion at Indxx Capital, the firm’s investment philosophy centres on rule-based investing, factor-alpha, and tactical allocation. The company’s quantitative models analyze over 500 factors across 17 years of data.
The launch comes amid significant growth in India’s wealth management sector. Recent data shows PMS AUM in India has grown from US$149 billion in FY17 to US$405 billion in FY24. Co-founder and CEO Anshul Sharan said the service will target high-net-worth individuals, founders, entrepreneurs, CXOs, and global investors interested in the Indian market.
