Investment Adviser’s Profile

Ankit Shah

Proprietor of White Equity Investment Advisors

Qualifications: CA, CFA, CS

Experience: 14+ years in fundamental equity research and investment advisory

Profile: Ankit Shah is the Founder and Proprietor of White Equity Investment Advisors, a SEBI-registered investment advisory firm established in February 2017. With over 14 years of extensive experience in Indian and global equity markets, Ankit specializes in in-depth fundamental research and personalized investment advisory services.

At White Equity, Ankit leads the research and advisory verticals, offering strategic counsel to clients on equity investments. His role also spans client engagement, supervision, and select operational responsibilities, ensuring a high standard of service and integrity.

Before founding White Equity, Ankit spent over five years (2011–2016) at a reputed investment advisory firm. There, he played a pivotal role in preparing and maintaining financial models, analyzing and valuing companies across diverse sectors and geographies for both advisory and portfolio management services. He also contributed to talent acquisition and training, mentoring new associates (CAs), and participated in the development and testing of a proprietary software system for financial analysis and valuation.

Ankit’s multidisciplinary background and deep market insights make him a trusted advisor for long-term equity investors.

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	1 Year Annualized Return (Apr 2024 – Mar 2025)	3 Year Annualized Return (Apr 2022 – Mar 2025)	5 Year Annualized Return (Apr 2020 – Mar 2025)	10 Year Annualized Return (Apr 2015 – Mar 2025)	12 Year Annualized Return (Apr 2013 – Mar 2025)
Ankit Shah – Equity Portfolio	4.4%	20.4%	34.0%	10.5%	18.9%
Nifty	5.3%	10.4%	22.3%	10.7%	12.6%
NSE 500	5.4%	12.7%	25.0%	11.8%	14.0%

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.”