Scheme Rating
IME Scheme Rating
Quest Focus PMS can be considered for investments: On the back of the strong pedigree of the AMC & investment team, even as performance in recent times has been average.
IME Strategy Rating
Concentrated Flexi-Cap Strategy: Follows a flexible investment mandate (sector & market cap agnostic, no specific style focus), that provides the fund manager with a high degree of flexibility to build a portfolio based on the current market dynamics. The Multi portfolio has a small and mid-cap bias. The strategy has demonstrated resilience and maturity since its inception, navigating through various market phases and establishing a decent track record.
PMS Scheme Ratings are driven by IME’s Proprietary Scheme Rating Methodology, which takes into account our ratings of the Scheme’s investment strategy, its maturity, the investment team, and our separate rating on the AMC that runs this particular scheme. Our views on each of these individual criteria are available via the IME RMS – which you can view by reaching out to one of our relationship managers (using either the live chat or book appointment feature on this site).
IME View on Quest Multi
Quest Multi PMS- Investment Strategy
Focus on small and mid-caps, building a sector & market-cap agnostic portfolio
Trailing Performance
1yr | 3yr | 5yr | Since Inception | |
---|---|---|---|---|
Quest Multi | 63.1 | 21.3 | 26.8 | 18.8 |
S&P BSE 500 TRI | 41.1 | 18.4 | 22.4 | 15.9 |
Alpha over Broad Mkt BM | 22 | 2.9 | 4.4 | 2.9 |
Nifty 500 | 40.2 | 17.2 | 21 | |
Alpha over Category BM | 22.9 | 4.1 | 5.8 |
Performance as of: 30-Sep-24 | Inception Date: 03-Aug-14
Fund Managers
Aniruddha Sarkar | 3-star rated FM
CIO | 16 yrs Experience | 5 yrs at current firm
Past Experience: IIFL AMC (FM)
Aniruddha joined Quest in Feb-2020, after a successful stint of over 10 years at IIFL across various roles including Fund Manager for the MF & PMS and as a research analyst.
Bharat Sheth | 5-star rated FM
Head Equities | 45 yrs Experience | 31 yrs at current firm
Bharat Sheth is a highly seasoned & respected investment professional, having spearheaded the growth of Quest’s advisory & PMS business over the past 25 years. Being part of the core founding team, he has provided the much-needed stability and thought leadership that has helped Quest grow into one of the larger PMS providers in India.
Fee Structure
Fee Structure | Fee |
---|---|
Fixed Fee Structure | 2 |
Variable Fee Structures | 1.5% fixed + 12% above 8% hurdle |
Exit Fees | 1yr (1%) |
AMC
AMC: Quest PMS (click link for detailed AMC review)
Decent AMC with weak short-term performance: Quest AMC is founded by 2 seasoned investment professional (Ajay & Bharat Sheth), who have delivered outperformance to the markets over the longer-term, and the PMS recently strengthened the team with the inclusion of Aniruddha Sarkar (who comes in post a successful stint at IIFL). The main concern is relatively weak performance in recent years, which we would wait to improve prior to more actively recommending the PMS for investments.
AMC Rating
AMC Pedigree
AMC Size
Team Pedigree
Inv Philosophy
Performance
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Details shared above, are only a short-snapshot of the more detailed analysis that resides in IME’s Proprietary RMS (Research Management Solution).
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Note: PMS AMC & Scheme Reviews and Ratings are based on IME Capital’s Proprietary Review and Rating Methodology (read more here: AMC Rating & Scheme Ratings). These reflect the unbiased views of our central research team, based on our assessment of the investment value of these PMS/AIF strategies for our investors. We follow a highly stringent rating-criteria, where approximately 50% of PMS AMC’s & strategies would be rated 2-star or below (this is not meant to indicate that these funds are not investment-worthy, but that they do not currently fulfill the requirements we focus on for recommending funds to our investors — based on our internal views on the merit of the AMC/strategy relative to peers). Reviews & Ratings are primarily based on research of publicly available information (SEBI disclosures, PMS websites, PMS-aggregation platforms, webinar recording, media interviews etc.) and no explicit consent is required from AMCs for the same. While we endeavour to do further due-diligence via direct interactions with the investment teams of AMCs, this is typically restricted to AMC’s that meet our foundational fund selection criteria (reviews on lower-rated AMCs are often based solely on publicly available information). The views reflected in our Reviews & Ratings, are our independent views and may not be shared by the AMC’s and the investment teams. Please read detailed disclaimer for more.