<h1>JV launches flexi-cap active equity fund Sept 23 using rules-based, 95% automated strategy tracking 400 signals, 3-4% active risk</h1> A joint venture between a domestic financial firm and a global asset manager will launch an active equity product, a flexi-cap fund, on September 23 via a Systematic Active Equity platform; the manager set no initial collection target. The fund uses a predominantly rules-based, machine-driven process reportedly tracking 400 signals, with about 95% of the investment process automated to reduce key-person risk and cognitive biases. Active risk is capped at 3-4% with a downside-protection focus; a 10-year simulation purported 3-4% outperformance versus the benchmark. The manager, licensed in May, oversees roughly Rs 18,000 crore across eight funds and prioritizes digital distribution, without disclosing AUM or breakeven targets.