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World’s First Fully Automated Investment Fund – ‘The Ad Astra Fund’

Published on September 01, 2023
Current Context: Ad Astra Fund, the world’s first fully automated investment fund launched by Savart, one of India’s largest investment advisors. This fund uses an AI research system called APART (Advanced Process Automation & Research Technology) to perform end-to-end research automation and make swift investment decisions
World’s First Fully Automated Investment Fund – ‘The Ad Astra Fund’
  • The fund aims to achieve an AUM of INR 350 crores by FY24’s end and is designed to keep the portfolio churn as low as possible.
  • The fund was launched on August 26, 2023 in Hyderabad and received investment commitments amounting to INR 31 crores on the launch day itself.
  • It covers thorough fundamental and qualitative analysis of securities, as well as quantitative and mathematical analysis, at a scale and speed that are beyond the scope of a human research team.
  • It evolves and adapts faster than a human fund manager, in line with the prevailing market conditions and opportunities.It is a long-term investment vehicle, with a minimum of 3 years and an optimum of 7-10 years.

Question:

Q.1 What is the name of the AI research system that the Ad Astra Fund uses to perform end-to-end research automation and make swift investment decisions?
a. ARTIS
b. ASTRA
c. ASSET
d. APART
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