AlphaGrep Asset Management has announced its entry into the mutual fund sector with the launch of its first New Fund Offer (NFO) scheduled to open for subscription on July 6, 2026. The company has set an ambitious target to grow its assets under management (AUM) to between ₹25,000 crore and ₹30,000 crore over the next three to five years. This move represents AlphaGrep's strategic expansion into the Indian mutual fund market, aiming to establish a strong presence by leveraging its expertise and market insights. The launch is expected to contribute to the diversification and growth of investment options available to Indian investors.