Quest Investment Advisors – Portfolio Management Services (PMS)

Headquartered in Mumbai, our firm is dedicated to managing Indian equities, operating exclusively within the portfolio management sector. Established by Mr. Ajay Sheth in the late 1980s, we bring over three decades of experience to the Indian capital markets. Our initial focus was on delivering superior, customized equity research for mid and small-cap companies, serving foreign institutional investors, mutual funds, and other institutional clients. Driven by a strong conviction and commitment, we subsequently expanded into investment management services, operating under the SEBI (Portfolio Managers) Regulations, 1993. Our maiden Portfolio Management Scheme (PMS), Quest Flagship, was launched in October 2007. Currently, we manage assets exceeding INR 2,800 Crores (equivalent to over USD 300 Million) for a diverse clientele that includes family offices, corporations, high net worth individuals, and non-resident Indians, across PMS, Alternative Investment Fund (AIF), and offshore investment strategies.

AUM (₹ Cr)

1715.16

Clients

985

Strategies

3

As On

31 December 2025

Investment Strategies & Performance

Portfolio Management Services (PMS)

Quest Investment Advisors Portfolio Management Services (PMS) - Performance Returns
Strategy Category 1Y 3Y 5Y Inception
Flagship Multi Cap & Flexi Cap -10.84% 14.46% 13.92% Oct 2007
Multi Multi Cap & Flexi Cap -4.80% 19.75% 18.51% Aug 2014

Past performance is not indicative of future results. Returns are subject to market risks.

Alternative Investment Funds (AIF)

Quest Investment Advisors Alternative Investment Funds (AIF) - Performance Returns
Strategy Category 1Y 3Y 5Y Inception

Smart Alpha Sector Rotation

Multi Cap & Flexi Cap -8.68% 14.95% May 2022

AIF investments carry market risks. Please read scheme documents carefully.

Portfolio Managers & Fund Management Team

Mr Aniruddha Sarkar

Fund Manager

With over 13 years of dedicated experience in the capital markets, Aniruddha has a proven track record of managing public funds within the listed equity sector, consistently delivering substantial alpha for investors. He currently oversees one of the top-performing strategies in the Indian market, demonstrating exceptional results over the past five years. Before his tenure at Quest, Aniruddha was instrumental in managing the IIFL Multicap PMS from its inception in 2014 for a period of five years. During this time, he achieved annualized returns of 19%, significantly outperforming the benchmark returns of 9% and the peer average of 13%. At Quest, Aniruddha holds the position of Senior Portfolio Manager and Co-Head of Equities. In this capacity, he plays a pivotal role in formulating investment strategies for all equity schemes offered by the firm. Aniruddha holds a Bachelor of Commerce degree from St. Xavier's College, Kolkata, and an MBA in Finance from the Indian Institute of Management (IIM), New Delhi.

Mr. Rakesh Vyas

Fund Manager

Mr. Rakesh Vyas possesses extensive experience in the capital markets, spanning 18 years. A significant portion of this tenure, over 14 years, was dedicated to HDFC Mutual Fund, where he contributed to both the fund management and research functions. During his tenure, he conducted in-depth research on over 150 companies across diverse sectors, including Cement, Infrastructure, Utilities, Metals & Minerals, Chemicals, and Real Estate. Immediately prior to his association with Quest, Mr. Vyas held the responsibility of managing the HDFC Infrastructure Fund and the HDFC Housing Opportunities Fund from January 2020 to January 2024. Notably, the HDFC Infrastructure Fund received the Platinum award in its category at the Navbharat BFSI Awards 2023.

Interested in Quest Investment Advisors?

Get in touch with our partner to learn more about Quest Investment Advisors's portfolio management services and how they align with your investment goals.

Regulatory Information

SEBI Registration: INP000001421

Registered Office: 188/3, Gurukrupa Building, First Floor,Jain Society,Next To Jain Temple, Sion (West),Mumbai,Maharashtra,India-400022

Disclaimer

This page is provided solely for general informational purposes in relation to the strategy and is based on publicly available information. While reasonable care has been taken to ensure accuracy, the information may not reflect the most recent updates.

Nothing on this page constitutes investment, financial, or legal advice, nor should it be considered a recommendation. Investment decisions should be made after consulting a qualified advisor and reviewing official scheme documents.

The individuals or organizations featured have not endorsed or approved this content. Affluense AI does not act as a broker, distributor, intermediary, or investment advisor.

For official or regulatory matters, please refer to formal communication channels of the respective organization.

Last Updated: December 2025 · Published by Affluense AI (affluense.ai)