Learn More About Us Trusted by Our 2500 clients Learn More About Us Partnering for generations Learn More About Us Be a part of Bharat Amritkaal Learn More Quality growth at a reasonable price
ABOUT US

Managing Assets for over 6 Years

Carnelian Asset Management & Advisors, a boutique investment management firm founded by Vikas Khemani, Manoj Bahety, and Swati Khemani to pursue their passion towards investing in capital markets. Carnelian’s mission is to help clients create and protect their wealth in the best optimal manner through investing in equities. Carnelian aspiration is to aspiration to create a best-in-class asset management platform known for its values, expertise and best practices.

0

Cr Asset Under management

0

Clients

0

Partners

0

Employees

0

Locations

WHAT WE DO

Our Offerings

PMS
AIF
Capital Compounder Strategy

Long only, multi-cap, sector agnostic strategy focusing on capturing the “trillion-dollar India opportunity”

Learn More
Carnelian Shift Strategy

Strategy designed to capture structural decadal shifts presenting large opportunity in Manufacturing & Tech

Learn More
Carnelian Contra Portfolio Strategy

Long only, multi-cap, well diversified portfolio designed to capture yield n growth across industrials, financials & services

Learn More
Carnelian Bespoke Portfolio Strategy

Customized long only portfolio for HNI’s/Institutions tailored to suit client specific risk reward profile

Learn More
MEDIA

Recent News

OUR

TESTIMONIALS

Yogesh Agrawal

"I was confident of Mr. Khemani's ground-up experience in investing which earned him sharp acumen in spotting the businesses that have potential to provide above-index returns. Today, I can confidently say that Carnelian has lived up to the promise and delivered me sound and much above index returns so far.

Building a successful fund certainly requires expertise to balance the risk-reward favorably. The team at Carnelian has demonstrated that fine skill by building a meticulously spread portfolio. Their efforts to engage & educate the investors through insightful and interactive sessions with the promoters of their investment companies have been really useful."

- Yogesh Agrawal, MD - Ajanta Pharma

Chaitanya Desai

"Carnelian tries to achieve an absolute long-term consistent return with substantial alpha keeping in mind the risk-reward ratio. They are pretty much modern in their investments but also traditional when it comes to capital protection utilizing their expertise in Forensic Accounts.

Their culture is such that fiduciary duty to the clients is at the heart of all their actions and processes. We are definitely IMPRESSed by their approach to their investments."

- Chaitanya Desai, MD - Apar Industries Ltd

Apurva Parekh

"I have been an investor in Carnelian Capital Compounder Fund since inception. I am impressed by the fund's vision, investment philosophy, diligence process, and long-term approach. I have known Vikas Khemani for many years. He has deep domain knowledge and sound understanding of Indian businesses and economy. This has allowed Vikas to consistently identify superior businesses and trends ahead of the market."

- Apurva Parekh, Executive Director - Pidilite Industries Ltd

Yogesh Mahansaria

"Vikas and his team have a great passion for investing, clarity of thinking, and deep research capabilities - all of this gave us a lot of confidence to be an early investor in Carnelian Funds. Their performance over time has validated our confidence, leading us to enhance our investments with them over time; one of the best performing funds in our portfolio."

- Yogesh Mahansaria, MD - Mahansaria Tyres India

Sohail Chand

"I have known Vikas for a while & been an investor since early days. It has been the best performing PMS in my portfolio over 20 PMSes!"

- Sohail Chand, Senior Advisor, NVP India

Farah Malik Bhanji

"Vikas, Swati, and the Carnelian team have done an excellent job managing our money. They have been one of the top-performing funds in our portfolio for the year. Having been invested with them since inception, we have seen their strategy play out through the Covid period with great success. Carnelian's clarity and fidelity to their thesis and process inspire a lot of confidence and the results speak for themselves. I wish them all the best for their future endeavors and look forward to being a part of their journey."

- Farah Malik Bhanji, MD - Metro Brands Ltd

Subscribe to our monthly letter to investors