Pl India

Welcome To AQUA Adaptive. Quantitative. Unbiased. Alpha.

India's First and Only Style Agnostic and Style Adaptive Equity Strategy.

Harness the power of a state-of-the-art Quant-Based Long-Only Equity Strategy, built on pillars of a rules-based, repeatable, data-driven investment process.

India's first style-agnostic strategy that dynamically changes its style to adapt to the prevailing investment regime.

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*As per SEBI guidelines, minimum investment required is of ₹50 Lakhs

Why Invest in AQUA?

01Dynamic Sector and Theme Rotation

Our strategy captures alpha by dynamically rotating sectors and themes based on market conditions.

02Smart Beta Approach

Our strategy employs smart beta techniques for risk management, alpha generation, and providing resilience across market cycles.

03Benchmark Agnostic

Diverse exposure across markets and invests across large, mid, and small caps. It is not constrained by benchmark weights.

04Quantitative Edge

We blend traditional investing wisdom with quantitative techniques, leveraging superior technology to enhance outcomes and manage risk.

05Portfolio Approach

Alpha generation at a portfolio level vs just individual stocks.

06Adaptive and Regime Responsive

We align to prevailing investment style regimes as per changing market cycles, ensuring the strategy remains adaptable and responsive to market conditions.

07Sustainable Alpha Generation

Data-driven, rules-based strategy reacts to markets instead of anticipating them, generating sustainable alpha over time

08Multifactor Approach

Our strategy balances multiple factors, including fundamentals, technicals, valuations, risk, themes, styles, and macros, to gain an investment edge.

09Data - Driven Approach

We employ a logical, rules-based foundation that combines fundamental, technical, macro, and alternative data analytics to make investment decisions.

10Efficient Market Participation

Prudent stock selection and tactical trade spreading reduce impact costs by investing in highly liquid stocks.

Our Key Pillars

Right Theme

Enhances performance
by 73%^

Wrong stock in Right theme is better than right stock in wrong theme

Right Factors

Enhances performance
by 80%^

Blending multiple factors is better than choosing a single factor

Right Asset

Drives 91%* of
performance

Right Asset at right time is better than holding an asset at all times

Right Time

Enhances alpha generation
& risk management

Timely, systematic and objective review and rebalance is better than buy & hold driven by biases

Right Style

Enhances performance
by 69%^

Investing as per regime is better than investing in your favorite style in all regimes

Source: ^PL, *Brinson, Hood, Beebower. “Determinants of Portfolio Performance”. Financial Analysts Journal. July-August 1986;

Brinson, Singer, Beetbower. “Determinants of Portfolio Performance II: An Update”. Financial Analysts Journal. May-June 1991.

SMART Investment Philosophy

In the world of smart phones, smart TVs, smart cars and smart homes, we bring to you smart investment strategies

Systematic
Design using a rules-based approach to eliminate emotional & behavioral biases

Measurable
Performance tested rigorously across market cycles for sustainability

Adaptive
Models that dynamically respond to changes across multiple dimensions

Repeatable
Alpha driven by unconstrained and objective processes

Transparent
Attribution using data-driven multi-factor frameworks to enhance reliability

With AQUA you do not need to worry about

Market-Cap Bias

Dynamic allocation across large, mid, and small caps simplifies investment approach, adapting to market conditions.

Style Focus

Style-agnostic approach adapts to market conditions, outperforming across various investment styles including quality, growth, value, momentum, and low volatility.

Portfolio Volatility

Active beta management optimizes risk and returns by including appropriate high or low beta stocks based on market conditions.

Weightage of Sectors and Themes

Dynamic sector rotation model determines investment in sectors or themes, maximizing return opportunities by overweighting or underweighting based on performance and market trends.

Fundamental Evaluation

Selective fundamental evaluation prioritizes relative performance and fundamentals, ensuring strong stock selection potential compared to peers.

Fund Manager’s Biases

It eliminates emotional and behavioural biases by relying on objective, time-tested processes to drive consistency in outperformance.

Valuation Analysis

Valuations matter in stock selection; we assess both absolute and relative metrics to ensure fair pricing.

Timing your Entry & Exits

Technical strength manages risks, enhances returns for fundamentally strong stocks.

Liquidity

Liquidity-focused stock selection ensures sufficient exit options when necessary.

Depending only on Benchmark Weighting

Benchmark-agnostic weighting model allocates based on analysis and insights for optimal percentages.

Sector
Rotation

Style
Alignment

Superior
Fundamentals

Sound
Valuations

Strong
Technicals

Smart Risk
Management

Resources

Fund Manager

Siddharth Vora

Fund Manager & Head Quant Investment Strategies - PL PMS

SEBI - registered Research Analyst, Investment Advisor, Portfolio Manager & Principal Officer. A CA, CFA and an MSc (Management in Business Excellence) from the University of Warwick, UK,

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