Ennovate Research Investment & Capital Pitch Deck Teardown

Ennovate Research Investment & Capital (ERIC) is a quantitative investment firm utilizing mathematical algorithms to generate trading signals across multiple asset classes. The deck highlights a disciplined trend-following strategy designed to maximize returns while diminishing volatility over the long term. With a stated vision of global institutional fund management, the firm presents a mix of backtested data from 2007-2014 and live performance metrics from 2013-2014. The investment structure is defined by a minimum account size of Rs. 10,00,000, a 2-year lock-in period, and a 2% AUM fee. W…

Key takeaways

• The firm utilizes a systematic trend-following program inspired by the U.S. CTA sector (Slide 3).
• Phase 1 involved raising 25 lacs from 4 investors, achieving a 40.1% return over 15 months (Slide 3).
• The portfolio is diversified across Equity Indices (19% max exposure), Metals (31%), Energy (19%), Agri Commodities (17%), and Currency (14%) (Slide 5).
• Backtested performance from 2007 to 2014 shows a post-tax CAGR of 21.7% (Slide 7).
• Live performance data from July 2013 to October 2014 indicates an annual CAGR of 41% (Slide 7).
• Investment terms require a minimum account size of Rs. 10,00,000 with a 2-year lock-in period (Slide 9).
• Risk management is strictly defined, with trading suspended if base capital reduces by Rs. 5,00,000 (Slide 9).
• The deck omits a team slide, competitive landscape analysis, and a specific funding 'ask' for the next phase (General Observation).

Frequently asked questions

What is the core investment strategy of ERIC?

ERIC employs a systematic and technical 'Diversified Trend-Following Program.' As detailed on Slide 5, the firm uses researched mathematical algorithms to analyze technical data and generate trading signals. These signals are applied to a portfolio of commodities, equities, and currencies in a quantitative, mechanical fashion intended to maximize returns while minimizing volatility over the long term.

What are the specific asset class exposure limits?

According to Slide 5, the program maintains strict exposure caps: Metals are the largest at 31% max exposure, followed by Equity Indices (Nifty/Banknifty) at 19%, Energy (Crude/Natural Gas) at 19%, Agri Commodities (Channa, Cotton, etc.) at 17%, and Currency (USD-INR, GBP-INR) at 14%.

How has the fund performed historically?

Slide 7 presents two data sets. Backtested data from 2007-2014 shows a pre-tax CAGR of 30.8% and a post-tax CAGR of 21.7%. Live performance data covering July 2013 to October 2014 shows a higher annual CAGR of 41%, though it includes periods of volatility, such as a -13% return in the quarter ending December 2013.

What are the entry requirements for new investors?

Slide 9 outlines the 'Investment Process,' requiring a minimum account size of Rs. 10,00,000 with an additional Rs. 2,50,000 in committed capital. Investors must commit to a minimum 2-year horizon and a 2-year lock-in period. The fee structure includes a 2% AUM fee and an 8% hurdle rate of return.

What risk mitigation measures are in place?

The firm utilizes a 'strict money management discipline.' Slide 9 specifies that the maximum risk taken is 40% of committed capital (Rs. 5,00,000). If the base capital reduces by this amount, trading is automatically suspended, and the remaining funds are returned to the investor, providing a hard floor for potential losses.

Ennovate Research Investment & Capital pitch deck: the facts

Company

Ennovate Research Investment & Capital

Year

Circa 2015…

Stage

Growth / Expansion

Slides

12

Sector

Quantitative Fund Management / Fintech

Deck type

Investment Program / Client Deck

Headquarters

India (implied by Rs. currency and Nifty indices)

Ennovate Research Investment & Capital pitch deck PDF

The full Ennovate Research Investment & Capital deck is embedded on this page and can be read slide by slide in the browser — no download or account required. Each slide is covered in the breakdown above.

What the Ennovate Research Investment & Capital (ERIC) pitch deck was used for

This deck is an investment pitch for Ennovate Research Investment & Capital (ERIC), a Pune-based quantitative fund management firm running a diversified, systematic trend-following program across commodities, equities and currencies. It appears to be circa 2014–2015, targeted at growth/expansion capital to scale its CTA-style trading program that explicitly forbids discretionary human forecasting and relies on mechanical, technical algorithms. The slides present ERIC’s philosophy (“Creating Wealth With A NonTraditional Approach”), its risk/money-management focus, and performance/strategy visuals aimed at prospective investors in its managed accounts or fund. The deck is positioned as a confidential client investment document for sophisticated investors familiar with trend-following and CTA programs, rather than a consumer product pitch.

Business model: Quantitative fund management and investment advisory firm using systematic, trend-following strategies across commodities, equities and currencies in Indian capital markets.

Founders

Sameer Gunjal

Headquarters

Pune, Maharashtra, India

Industry

Quantitative fund management / financial services / fintech.

What the Ennovate Research Investment & Capital (ERIC) deck got right

• Differentiated fully systematic, non-discretionary investment philosophy. The deck and related reports present a clear, disciplined trend-following philosophy that forbids discretionary human forecasting and relies on technical, algorithmic signals, giving ERIC a distinct identity among traditional Indian fund managers.
• Diversified multi-system, multi-asset trend-following framework. ERIC’s program trades multiple independent systems across diversified asset classes (commodities, equities, currencies), aiming for low correlation and reduced volatility, which is attractive to investors seeking diversification from conventional long-only equity exposure.
• Strong emphasis on money management and disciplined risk control. The deck emphasizes strict stop-loss and money-management rules, focusing on increasing average winner size and cutting losses quickly, which aligns with best practices in risk-managed CTA strategies and can appeal to risk-conscious investors.
• Effective use of win/loss and return-per-trade visuals to communicate edge. Charts illustrating the proportion of winning vs. losing trades and the return per trade help explain how a strategy with many small losses and fewer large gains can still be profitable, improving investor understanding of ERIC’s edge.
• Focused specialist team in quantitative trading and research. The firm is presented as a dedicated, niche quantitative manager with a small, focused team of analysts and traders, supporting a narrative of specialization in systematic trading within the Indian capital markets.
• Realistic framing of long-term orientation and performance variability. Reports detail that the program is designed for long-run competitive returns and explicitly set expectations around possible periods of breakeven or equity declines, signaling honest communication about strategy behavior across cycles.

What could have been stronger

• No externally verified performance or operational credentials in the materials located. The deck relies on internal descriptions of strategy and performance without citing independently audited returns, regulatory registrations, or custodial arrangements, which makes it difficult for investors to verify the track record or operational robustness beyond ERIC’s own claims.
• Limited transparency into quantitative research, model validation, and governance. While the slides stress that the program forbids the human element and is fully systematic, they do not clearly describe model development, testing methodology, or ongoing research and risk oversight processes, leaving questions about how robust and adaptive the algorithms are over time.
• Insufficient detail on historical risk metrics and downside scenarios. The strategy explanation focuses heavily on the concept of letting winners run and cutting losses short, with charts showing win/loss ratios, but provides little concrete data on drawdowns, maximum loss scenarios, or correlation to major benchmarks, which investors typically require to assess risk.
• Unclear product structure and economics in the available deck. Public sources do not show any clearly articulated fund structure (e.g., pooled fund vs. managed accounts), minimum investment size, or fee schedule tied to this deck, making it hard for investors to understand commercial terms and legal setup from the materials alone.
• Sparse coverage of operational, counterparty, and compliance controls. Although ERIC’s reports mention diversification across commodities, equity and currency and strict money management, there is limited information about counterparty risk management, operational controls, or compliance processes, which institutional investors would expect in a growth/expansion-stage fund manager.

How an investor would read this deck

What draws attention

• Clarify the exact legal structure of ERIC’s investment offerings (fund vs. managed accounts), regulatory status in India, and how client assets are custodied and protected, since this is not spelled out in the deck or related slides.
• Obtain independently verified performance data (e.g., broker statements, audited returns) for the diversified trend-following program starting from the early 2010s, given that current materials only provide internal performance charts and qualitative descriptions.
• Understand the quantitative research and risk frameworks behind the program, including how trading systems are developed, tested, and monitored, and how the firm adapts to regime shifts in markets while maintaining a “forbid human forecasting” philosophy.
• Assess the team depth and succession/institutionalization plans at ERIC, as public information highlights a small analyst/trader team and managing partner-led structure that may pose key-person risk.
• Evaluate ERIC’s operational maturity—technology stack, execution quality, risk controls, and compliance infrastructure—to determine whether it meets institutional standards for a growth/expansion-stage CTA-style manager.

Risks that stand out

• Key-person and small-team risk, given that public profiles describe ERIC as a small group of analysts and traders led by a managing partner/owner, which may limit institutional scalability and succession planning.
• Model risk and regime-shift vulnerability, as ERIC’s strategy centers on trend-following technical algorithms and minimized human discretion, which may underperform or behave unexpectedly when trends are weak or markets become highly mean-reverting.
• Operational and compliance risk due to limited publicly available information on ERIC’s regulatory registrations, operational controls, and risk/compliance infrastructure relative to typical standards for institutional CTA managers.
• Track-record verification risk, since performance information appears to be self-reported in slides and reports without external audits or third-party verification, increasing the importance of independent due diligence.
• Client concentration and funding-risk exposure, if the firm’s assets are concentrated among a small number of investors or advisory relationships, which could magnify business risk from redemptions or relationship changes.

Questions this deck invites

• What is ERIC’s precise regulatory status in India (registrations, licenses) and how are clients legally onboarded (mandates, contracts, KYC/AML processes)?
• Can ERIC provide independently verified, broker-backed or audited performance records for its diversified trend-following program, including detailed statistics on volatility, drawdowns, and correlation to major indices?
• How are ERIC’s quantitative trading systems researched, backtested, and implemented, and what governance exists to prevent model overfitting or uncontrolled risk-taking when markets behave outside historical patterns?
• What is the current size of assets under management (AUM) across ERIC’s strategies, and how concentrated are those assets among a small number of clients or channels?
• What technology, execution, and risk-management infrastructure does ERIC use (order routing, monitoring tools, internal limits), and how does it ensure resilience and continuity under stress events (market dislocations, technology failures)

What founders can take from the Ennovate Research Investment & Capital (ERIC) deck

• A clear, differentiated investment philosophy—such as forbidding discretionary human forecasting and relying on purely systematic rules—can make a quant fund’s positioning memorable and help it stand out among traditional managers when articulated concisely on early slides.
• Explicit focus on position management and money management (e.g., emphasizing that entry and exit are only a minority of the edge while risk controls drive most outcomes) can reassure investors that the manager understands risk as deeply as return.
• Visuals that break down win/loss trade distributions and return per trade can help non-quant investors grasp how a trend-following program can be profitable even with a relatively low percentage of winning trades, improving comprehension of the strategy’s mechanics.
• Highlighting diversification across commodities, equities and currencies, and across multiple independent trading systems, can effectively communicate a robust framework for reducing correlation and smoothing the equity curve in a systematic program.
• Positioning a program as long-term and explicitly acknowledging that periods of breakeven or equity declines are expected can build more realistic investor expectations and reduce the risk of disappointment from short-term performance volatility.
• Including contact details and team names in reports and decks can support investor confidence and facilitate direct engagement, though institutional capital typically also expects evidence of regulatory status and independent verification to complement this transparency.

Ennovate Research Investment & Capital (ERIC) pitch deck: common questions

What is Ennovate Research Investment & Capital (ERIC) and what does it do?

Ennovate Research Investment & Capital (ERIC) is a small quantitative fund management and investment advisory firm based in Pune, India, operating as a fund management subsidiary of Ennovate Research. It trades systematic, trend-following strategies across low-correlated asset classes (commodities, equities and currencies) in the Indian capital markets using technical data and mathematical algorithms to generate trading signals.

How does ERIC’s investment strategy work according to the deck?

According to its materials, ERIC runs a diversified trend-following program that uses multiple independent trading systems, each serving a distinct purpose within a portfolio spanning commodities, equity and currency. The program is predominantly quantitative/mechanical, focuses on strict stop-loss and money-management rules, and aims to generate competitive long-term returns rather than short-term profits, accepting periods of breakeven or equity declines as part of the process.

What is the purpose of ERIC’s pitch deck and what does it emphasize?

The pitch deck is a confidential client investment document (circa 2014–2015) used to market ERIC’s diversified trend-following program and its systematic, non-discretionary approach. It outlines the firm’s philosophy of forbidding human forecasting in favor of mechanical rules, presents charts explaining win/loss distributions and return per trade, and showcases performance and program characteristics to prospective investors seeking a CTA-style quantitative manager in India.

How strong is the evidence for ERIC’s performance track record in the deck?

The deck and related reports describe ERIC’s program as designed for long-term competitive returns, with strict risk management intended to reduce volatility and protect capital during adverse market periods. However, no external, independently audited performance track record or third-party verification of returns is cited in public sources located, so all specific performance claims should be treated as internal representations rather than externally validated results.

Did ERIC complete a notable funding round associated with this deck?

Publicly available information identifies Ennovate Research Investment & Capital (ERIC) as an ongoing financial services and fund management firm headquartered in Pune, India, with a LinkedIn company profile and multiple team members listing roles at ERIC over many years. However, no credible public sources were found that detail a specific external equity fundraising round (amounts, investors, valuations) tied directly to this deck, suggesting the document may have been used primarily for client acquisition or small, private capital introductions rather than a widely announced institutional raise.

Sources

Funding and outcome facts on this page were researched on 2026-08-22 from the pages below.

• Ennovate Research Investment and Capital (ERIC) | financial services
• Sameer Gunjal | LinkedIn
• ERIC Investments
• ERICAP May 2014 Report
• Yogesh Singh Thakur | LinkedIn
• Akashay Gole | LinkedIn
• Allen A | LinkedIn
• Allen Aravindan ATS-1 | PDF - Scribd

Ennovate Research Investment & Capital pitch deck slides

What each slide of the Ennovate Research Investment & Capital pitch deck says

Slide 2

ENNOVATE RESEARCH INVESTMENT & CAPITAL Creating Wealth With A NonTraditional Approach . "The traditional approach relies on human forecasting, ours forbids the Human Element" uuuuuuuuuuuuuuuuuuuu

Slide 3

ERIC has the vision to create value to the investor in the long term by creating wealth We believe in keeping complete transparency in all our ~ — investment processes. ERIC follows disciplined investing methods which are ~ ~ ~~ - inspired by proven mechanism used in the CTA sector of investment Br w management in the U.S ! > Sag Ty > * Phase 1-Raised 25 lacs from 4 Investors ( 40.1% Return over 15 months) . + Phase 2- Expansion- Raised 1.5 Cr + Current Objective - Reach 5Cr by March 2016 | ¥ Medium Term Goal-20 Cr Fund Value with 20 Investors in 3 Years - ’ * Long term Goal- Global Institutional Fund Management A — — » » ’

Slide 4

dh dh BR de | Nifty- Nifty- Nifty- Nifty- Nifty- Nifty- Nifty- Cc urrency (64.14%) 94.14% 1872% (38.05%) 23.33% 406% 459% 106% { ) FD- FD- FD- FD- FD- FD- FD- 8.50% "— 9% 9% 9.50% 10% 975% 803% 8% mss Non-Traditional T——1 Traditional CompTIA DOME

Slide 5

— EE ——— + ERIC’s Diversified Trend-Following Program is systematic and technical. 19% pox core 1 Exponrs FO | sau . Researched and Tested mathematical algorithm to analyze technical data in A — order to generate trading signals. £5 : commer hme i NICKEL METAR Exposure. | 2 These signals are applied to a diversified portfolio comprising of commodities, nc 7 equity & currency in a predominantly quantitative or mechanical fashion. . tomer | BERN atianoxs * The program does not necessarily expect profitability over the short-term but Exposure. is, instead, geared fo generate competitive returns over the long-run. Ta coon [an * A strict money management discipline is in place, the design of whi…

Slide 6

'STRATEGY ERIC follows the basic strategy of trend-following Chart A 4 X Winner across uncorrelated markets Loosing Trades M Winning Trades Entry and Exit are only 30% of the strategy At ERIC we focus on managing a position after the trade is entered 70% Losing The idea is to increase the size of average winner Trades 1X Loser by letting the profits run and cutting short the losses by strict stop loss regime 30% Winning * Chart: A shows the percentage of trades which are winners or losers and then the return generated per losing trade and winning trade Trades Return Per Trade CONFIDENTIAL DOCUMENT

Slide text above is read directly from the Ennovate Research Investment & Capital deck PDF embedded on this page.

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