Investment Adviser’s Profile

Ankit Shah

Proprietor of White Equity Investment Advisors

Qualifications: CA, CFA, CS

Experience: 13 years covering depth fundamental research of Indian and Global equities and advising clients on investments in Indian equities.

Profile: Ankit founded White Equity in February 2017 and registered with SEBI as an Investment Advisor.
At White Equity, Ankit is mainly responsible for research and investment advisory functions. His additional duties include client counselling, some ancillary and supervisory functions.

Prior to setting up White Equity, Ankit was working with an investment advisory firm for over five years (2011-2016). During his tenure, he prepared and maintained financial models, analysed and valued companies across sectors and geographies for advisory business and PMS. As an extension of his role within the research team, he also interviewed candidates and trained newly appointed associates (CA’s). For a brief period, he represented the research team for development and testing a software (database system) for analysis of financial data and valuation.

Personal. Portfolio. Performance

Along with his career, Ankit was investing his own funds in equity markets, largely in good quality Companies. Track record of returns (IRR) generated in his equity portfolio is as displayed below:

Particulars	FY 2014	FY 2015	FY 2016	FY 2017	FY 2018	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	Annualized Return (Apr 13 to Mar 24)
Ankit Shah – Equity Portfolio	53.0%	99.1%	5.0%	20.8%	22.1%	5.5%	-40.4%	92.0%	7.0%	8.1%	56.7%	19.6%
Sensex	18.8%	24.7%	-9.2%	16.8%	11.4%	17.3%	-23.8%	68.0%	18.3%	0.7%	24.9%	13.2%
Nifty	18.0%	26.5%	-8.8%	18.5%	10.3%	14.9%	-26.0%	70.9%	18.9%	-0.6%	28.6%	13.2%
NSE 500	17.7%	33.6%	-7.5%	23.9%	11.5%	8.4%	-27.6%	76.0%	21.0%	-2.3%	39.1%	14.8%

Above returns are audited by an Independent auditor. Audit report available on request.
Ankit Shah’s Equity Portfolio and Index returns are excluding dividends.
Please do not consider past track record as any indication of expected returns.

“With his track record, Ankit feels that clients of White Equity will benefit from his experience and be well served with his focussed approach in equity investing. White Equity is a realization of Ankit’s aim to grow his clients’ wealth by following a depth fundamental research based and process driven, disciplined approach to equity investing.”