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Quest Multi

Scheme Rating

IME Scheme Rating

3 of 5 stars

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

3 of 5 stars

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

Type: Large & Midcap | GARP | AUM (1236.9 cr) | Inc Date (03 Aug 2014)

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 StructureFee
Fixed Fee Structure2
Variable Fee Structures1.5% fixed + 12% above 8% hurdle
Exit Fees1yr (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

3 of 5 stars

AMC Pedigree

4 of 5 stars

AMC Size

4 of 5 stars

Team Pedigree

4 of 5 stars

Inv Philosophy

3 of 5 stars

Performance

3 of 5 stars

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