Quest Investment Advisors – Portfolio Management Services (PMS)

We are a Mumbai based, 100% Indian equity focused specialist in the portfolio management space. Founded by Mr. Ajay Sheth in the late 1980s, we have been in the Indian capital markets for over three (3) decades now. We began our journey as a provider of high-quality bespoke equity research in the mid-cap and small-cap space for FIIs, Mutual Funds and other Institutional investors. Our passion and belief fueled our desire to start Investment management services under the SEBI (Portfolio Managers) Regulations, 1993. In October 2007, we started off with our first PMS offering, Quest Flagship. Today, we manage over Rs 2,800 Cr (over USD 300 Million), for our clients spanning family offices, corporates, HNI and NRI clients across PMS, AIF and offshore 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

Aniruddha has over 13 years of experience in the capital markets managing public money in the listed equity space generating significant alpha for clients. He has been managing one of the best performing strategies in the Indian market over the last 5 years. Prior to joining Quest he was managing the IIFL Multicap PMS for 5 years since its inception in 2014, during which he generated annualized returns of 19% as compared to benchmark returns of 9% and average returns of 13% of its peers. At Quest he is the Senior Portfolio Manager and Co-Head of equities and is involved in devising the strategies for all the equity schemes at Quest. Aniruddha holds a Bachelors degree in Commerce from St. Xaviers College, Kolkata and a MBA Finance from IMI, New Delhi.

Mr. Rakesh Vyas

Fund Manager

Mr Rakesh Vyas has been active in capital markets for last 18 years of which more than 14 years were with HDFC Mutual fund where he was part of Fund management and research team. Over these years he has actively researched more than 150 companies across various sectors like Cement, Infrastructure, Utilities, Metals/Minerals, Chemicals, Real estate etc. Prior to joining Quest, he was managing HDFC Infrastructure Fund and HDFC Housing opportunities fund since Jan-20 till Jan-24. Recently HDFC Infrastructure fund was awarded Platinum award in Infrastructure fund category by Navbharat BFSI Awards 2023.

Interested in Quest Investment Advisors?

Get in touch with our investment advisors 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

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