Alta Cura AI Maximus
Alta Cura AIF | Alternatives | | AIFIME's View on Alta Cura AI Maximus
Strategy
Long-Short Strategy aiming to deliver alpha over Nifty
Investment Fund
Alta Cura is a relatively new strategy (launched in CY24), and is yet to demonstrate it's ability to deliver outperformance across market conditions. It's absolute return focused fund has delivered strong returns (fund primarily consists of the C2-C4 strategies), which is a positive signal towards being able to generate returns across market strategies. However, considering the relatively nascent stage of this fund, we would wait for a return track record to be more clearly established on this strategy prior to recommending it actively for investors.
Fund's Strategy View
Alta Cura AI's Maximus fund seeks to generate Nifty Plus returns, using a combination of 4 distinct investment buckets/strategy. The aim is to be able to deliver positive alpha across different market scenarios. The 4 buckets include C1 (Long-only Nifty stock & futures) + C2 (AI driven absolute Long-Short Portfolio) + C3 (F&O based bi-directional strategies based on the market outlook estimate driven by AI) + C4 (covered call strategy). While the C1 bucket will deliver returns based on underlying market conditions, C2-C4 buckets have the ability to deliver postive returns across market conditions.
Fund Performance
We refrain from evaluating the fund since it is yet to mature (less than 5 years).
IME's View on Alta Cura AIF
View on AMC
Alta Cura offers a highly differentiated absolute return focussed quant strategy. The strong pedigree of the investment team and the demonstrated performance using quant algorithms at Accuracap gives the AMC credibility despite being a relatively young AMC.
AMC's Pedigree
Alta Cura is a very young AMC, however, the fact that Raman Nagpal has co-built Accuracap has demonstrated the value of Raman's algorithms and provides a level of comfort and credibility to the AMC.
AMC Team
Raman Nagpal has a Masters in Computer Science and has worked in data science at Adobe, prior to setting up Accuracap along with Naresh Gupta. At AccuraCap Raman has developed strong investment credential over the past decade.
Investment Philosophy
While the foundation of Alta Cura's algorithms comes from proven AI algorithms at Accuracap, the adaption of these algos to a more trading-heavy absolute return strategy is still in the early days. The longer-term track record of these algorithms across different market conditions is still to be established.
Investment Strategy
Alta Cura AI Maximus Fund is a Long-short Hedge fund which aims to deliver Alpha over Nifty 50 Index year on year, Equity plus returns with equity like volatility and Positive alpha in different market situation. It is a multi-strategy hedge fund backed by AI.Core Investment Approach
Multi-Strategy, AI-Driven Portfolio Construction:
- The fund deploys a multipronged investment approach, integrating various AI-backed strategies:
- C1: Nifty 50 Stocks & Index Futures – Provides beta exposure aligned with Nifty 50 movements.
- C2: Long-Short Portfolio – AI constructs long and short positions based on market conditions.
- C3: AI-Driven Option Strategies – Uses ML models to generate bi-directional returns.
- C4: Covered Call Strategy – Enhances yield through derivative overlays.
AI-Powered Investment Model:
- The GQVM Model (Growth, Quality, Valuation, Momentum) evaluates BSE 100 stocks for optimal positioning.
- AI continuously analyzes momentum, valuations, and liquidity trends to optimize asset allocation.
Risk Management & Hedging:
- Low net equity exposure ensures controlled risk levels.
- AI assigns market outlooks (positive, stable, negative) and adjusts strategies accordingly.
- Uses derivatives like put options and covered calls to hedge against downside risks
Trailing Performance
| 1yr | 3yr | 5yr | Since Inception | |
|---|---|---|---|---|
| Alta Cura AI Maximus | -3.4 | 11.6 |
Performance as of: 30-Sep-25 | Inception Date: 01-Feb-24 | Performance are post-fees, pre-taxes. Global funds denominated in USD or fund currency.
Investment team
Sanjiv Syal | 3-star rated FM
Fund Manager | 39 yrs Experience | 4 yrs at current firm
Past Experience: ABL Financial Services (Founder)
A derivatives trader and serial Entrepreneur, Sanjiv has a diverse experience spanning 35 years. Besides managing his proprietary trading book, his other core competencies include Strategic planning, Fund Raising, Relationship building, Operational excellence, and Project management. He has vast operational and fund-raising experience in vario us sectors including in Financial services, Information Technology and Real Estate. He holds a Bachelor of Commerce Honours from Shri Ram College of Commerce and is a qualified Chartered Accountant (1985).
Raman Nagpal | 5-star rated FM
Founder & CIO | 32 yrs Experience | 10 yrs at current firm
Past Experience: Morpria Alliance (Board of Directors), Adobe (Executive Director), AVP Technology (Founder)
Raman is a computer scientist, with a deep background in technology & finance. He has been responsible for developing several new technologies in the areas of adaptive learning engines, spurious drug detection systems and application of data analytics in stock markets. Prior to founding AccuraCap in 2015 along with Naresh Gupta, Raman worked along with him at Adobe as an Executive Director.
