Valuequest Investment Advisors Private Ltd

• A percentage of assets under your management
• Performance-based fees

Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ

See the firm's brochure (dated June 27, 2026) for its fees and any account minimum, on the SEC's IAPD site.

$2,201,221,019 as of October 2026, filing dated July 31, 2026.

A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means

A firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.

• Portfolio management for individuals and/or small businesses
• Portfolio management for pooled investment vehicles (other than investment companies)
• Portfolio management for businesses (other than small businesses) or institutional clients

Registration

SEC-registered investment adviser. Status as filed: Approved.

Registered since

2025 (1 year)

Employees

Total: 103. Performing investment advisory functions: 18.

Wrap fee program participation

No.

Custodians (Schedule D, Section 5.K(3))

Citi Bank N.A.Icici Bank Ltd.Kotak Mahindra Bank Ltd.

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

Other offices (Schedule D, Section 1.F)

1 other office, as of the August 2026 filing

Gandhinagar, Gujarat

States registered or notice-filed

2 states or jurisdictions

CATX

SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration

None Reports no disclosure items on Form ADV Item 11. View on IAPD.

Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures

Regulatory assets under management: $2,436,457,591 in the October 2025 data and $2,201,221,019 in the October 2026 data, down 10%.

Total employees: 105 in October 2025 and 103 in October 2026.

As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.

1. July 2026
   • Item 11 disclosure answers changed: 0 yes answers, previously 1 (now no: 11.D(2)).
   • Employees performing advisory functions went from 20 to 18.
2. March 2026
   • Updated its list of owners and control persons (Schedule A).
3. February 2026
   • Updated its list of owners and control persons (Schedule A).
4. December 2025
   • Employees performing advisory functions went from 21 to 20.
   • Registered or notice-filed in CA.
   • Updated its list of owners and control persons (Schedule A).

Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.