- Manager
- Spark PWM
- Service
- Discretionary
- Asset class
- Equity
Spark Adaptive Alpha
₹4.14 Cr
Assets under management
Reported to SEBI · 30 Sep 2026
Spark PWM’s Spark Adaptive Alpha managed ₹4.14 crore across its clients at 30 Sep 2026.
Key numbers
- AUM
- ₹4.14 Cr
- Benchmark
- BSE 500 TRI
- Turnover, past year
- 0.00×
- Min. investment
- ₹50 lakh (SEBI)
- Reported to SEBI
- 30 Sep 2026
Returns vs benchmark
| Period | This strategy | BSE 500 TRI | Difference |
|---|---|---|---|
| 1 month | −6.03% | −5.57% | −0.46% |
| 3 months | −0.62% | −3.59% | +2.97% |
| Since inception | −1.43% | −4.58% | +3.15% |
Time-weighted returns (TWRR) as the managers report them to SEBI, after fees and expenses; periods over a year are annualised. Reported for 30 Sep 2026.
Portfolio mix
- Mutual funds99.76%₹4.13 Cr
- Cash and other0.24%₹0.01 Cr
Flows and turnover
- Inflow, Sep 2026
- ₹0
- Outflow, Sep 2026
- ₹0
- Net, Sep 2026
- ₹0
- Net, FY to date
- ₹4.24 Cr
- Turnover, month
- 0.00×
- Turnover, past year
- 0.00×
Money clients put in and took out. The financial year runs from 1 April.
FAQs
What has Spark Adaptive Alpha returned?
As reported for 30 Sep 2026, time-weighted as reported to SEBI. 1 month: −6.03%; 3 months: −0.62%; Since inception: −1.43%.
How much does Spark Adaptive Alpha manage?
₹4.14 crore at 30 Sep 2026, as reported to SEBI.
What is the minimum investment in a PMS?
SEBI sets the minimum at ₹50 lakh per client, in cash or securities. A manager can ask for more.
Who manages Spark Adaptive Alpha?
Spark PWM, a SEBI-registered portfolio manager (INP200007274), runs it as a discretionary service.
How are PMS returns reported?
Portfolio managers report each strategy’s time-weighted return (TWRR) to SEBI every month, after fees and expenses, beside the benchmark they chose. Periods over a year are annualised.
For information only. Not investment advice or a research report. Past performance does not guarantee future returns. PMS investments carry higher minimums and risks; read the disclosure document.
Full disclaimerSee how a PMS fits your plan
Armor checks every holding against your goals, risk and timeline.
Get the app