Latest News | Business Briefs Prabhudas Lilladher PMS Comes out with Strategy Based on Quantitative Methods
Get latest articles and stories on Latest News at LatestLY. Prabhudas Lilladher PMS has come out with a new strategy that is mainly focused on quantitative methods for making investments.
New Delhi, Sep 5 (PTI) Prabhudas Lilladher PMS has come out with a new strategy that is mainly focused on quantitative methods for making investments.
The entity, the investment management arm of Prabhudas Lilladher Group, has introduced AQUA (Adaptive, Quantitative, Unbiased, Alpha) strategy, according to a release.
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It is a PMS (Portfolio Management Services) strategy that uses quantitative methods.
AQUA relies on a dynamic multi-factor approach that blends fundamentals, valuations, macros, liquidity, sector, risk and technical analytics to construct a diversified portfolio of select stocks from the top 500 stocks, the release said on Tuesday.
"Quantitative investing is a more sophisticated investment approach because it uses data and a rigorously tested scientific approach to drive investment decisions," Siddharth Vora - Head of Investment Strategy and Fund Manager - PMS, Prabhudas Lilladher, said.
*** Kinetic Green partners with Axis Bank for electric two-wheeler finance * Electric vehicle maker Kinetic Green Energy and Power Solutions Ltd on Wednesday said it has partnered with Axis Bank for retail financing of its electric two-wheelers.
The two parties have signed a memorandum of understanding for a strategic partnership, under which electric two-wheeler customers can now avail up to 100 per cent funding for on-road price, Kinetic Green Energy and Power Solutions said in a statement.
Besides competitive interest rates, flexible financing tenures that will extend up to 48 months, will be available to prospective customers across Axis Bank's over 4,500 pan- India branches and Kinetic Green's over 300 two-wheeler dealerships spread across 25 states in India.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)