Mathematical Models and Risk Frameworks

Minimum Volatility, Optimal Returns

B2B Research: AIF-III, MFs, NBFCs, UHNIs

Our Specialized Products

Market Linked Debentures

We design customised Market Linked Debenture (MLD) structures for corporates, NBFCs, and stock brokers to significantly reduce borrowing costs. Simultaneously, we create investor offerings with superior risk-adjusted return profiles, delivering a win-win for both issuers and investors.

Stop and Reverse systems (SARs)

We offer research on a proprietary, non-predictive strategy (SAR) based purely on price action. This long-short framework is well-suited for AIF Category III structures and Mutual Fund SIFs.

Asset Sequencing Framework

A multi-asset strategy designed for Systematic Withdrawal Plans, targeting 8.5%–11% post-tax, post-fee returns based on investor risk appetite. Built on the principle of asset sequencing, the framework is robust and well-suited for AIF Category III or Fund-of-Funds structures.

Kunal Shah

Having completed Post Graduation from IIT Bombay, Kunal has 15 years of experience in the field of Quant strategy development.

Kunal has played an instrumental role to set up a proprietary trading desk for one of the largest proprietary broker in India.

His firm, Bivestors Pvt. Ltd. has designed an innovative derivative contract with widespread use - cases and is currently applying to SEBI for a RECOGNISED STOCK EXCHANGE license

SEBI Registration

Registration Name: Kunal Hasmukhlal Shah

Registration No: INH000012908

Type: Research Analyst

Office Address

B-Wing, 1402, Neel Tower,
Devidas Cross Lane,
Borivali (West),
Mumbai - 400103.

SEBI Local Office

SEBI Bhavan, BKC,
Plot No.C4-A, 'G' Block,
Bandra-Kurla Complex,
Bandra (E),
Mumbai - 400051.