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Twenty-two-year-old Shaan Patel launched India's SPAM, a SEBI-approved AI-driven fund managing ₹36 crore.
Twenty-two-year-old Shaan Patel has launched Shaan Patel Asset Management (SPAM), a SEBI-approved Category III Alternative Investment Fund in India, managing around ₹36 crore.
The firm, based in Ahmedabad, uses quantitative strategies driven by mathematical models, algorithms, and data analysis to minimize human bias.
It launched its Flexi-Cap Strategy in July 2023, building on research and real-world testing since September 2023 using Patel’s proprietary capital.
Approved by SEBI in March 2025, SPAM emphasizes systematic research, risk management, and adaptive strategies.
Patel, who holds degrees in finance and artificial intelligence, is one of India’s youngest regulated fund managers.
The firm is expanding its team in data science and quantitative research as technology-driven investing grows in India’s financial sector.
Shaan Patel, de 22 años, lanzó India's SPAM, un fondo impulsado por IA aprobado por SEBI que administra ₹ 36 crores.