Quest Investment Advisors has launched their new open-ended Category III Alternative Investment Fund (AIF) – Quest Smart Alpha Sector Rotation Series II.

Following the successful launch of their initial AIF, Quest Smart Alpha - Sector Rotation, in May 2022, which raised approximately Rs 500 crore as corpus commitment, the fund house is now introducing the next series. 

The previous fund called for capital commitments from investors from May 2022 to March 2023 over three tranches. It has since delivered significant alpha over the benchmark, post-expenses and post-tax, for its investors.

As of 30th June 2024, investors in the previous fund are enjoying an average Internal Rate of Return (IRR) of 34.74%, translating to an average alpha of 6.9% over the NSE 500. These returns are calculated post expenses and tax.

The new Series II fund will continue the sector rotation philosophy practised by their Chief Investment Officer (CIO) and fund manager, Aniruddha Sarkar. With over 17 years of experience in capital markets and nearly a decade in fund management, Sarkar has achieved a Compound Annual Growth Rate (CAGR) of 22% during his fund management tenure, with an annualized alpha of over 7% compared to the BSE 500 TRI benchmark.

Speaking about the new launch, Sarkar said, "Today’s dynamic global markets require a more agile approach to sector selection, and I am a strong believer in this strategy. Through this new fund offering, we aim to continue focusing on delivering post-expense and post-tax alpha over the benchmark over the long term for our investors."

Quest Investment Advisors aims to leverage its proven expertise in sector rotation to achieve robust returns for its investors in the new fund series.

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