Archive · 22 Jul 2026
Carnelian Asset Management Gets SEBI Nod for Mutual Funds
Carnelian Asset Management, a boutique investment firm, has received approval from SEBI to start offering mutual funds.
The company, founded by Vikas Khemani, has been managing assets worth Rs 18,300 crore and has over 8,600 clients.
They aim to focus on long-term, quality investments rather than rapid growth.
The firm plans to launch various mutual fund schemes, starting with long-only equity schemes.
They believe that market volatility and conflicts do not hinder long-term business growth.
Carnelian also aims to increase mutual fund penetration in smaller locations and leverage existing distribution partners.
Carnelian Asset Management received SEBI approval to launch mutual funds.
The firm manages Rs 18,300 crore across PMS, AIF, and offshore strategies.
Vikas Khemani emphasizes long-term, quality investments over rapid growth.
Carnelian plans to launch active and passive schemes, starting with long-only equity.
The firm aims to bring high alpha generation to a wider investor base.
- Who
- Carnelian Asset Management, founded by Vikas Khemani
- What
- Received SEBI approval to launch mutual fund operations
- When
- As of June 2026
- Where
- India
- Why
- To bring high alpha generation to a wider investor base
Growth Focus
Quality Focus
Business Strategy
Growth Focus
Focus on expanding market reach and increasing assets under management.
Quality Focus
Prioritize quality investments and long-term value over rapid growth.
- Founder
- Vikas Khemani
- Assets Under Management
- Rs 18,300 crore
- Client Base
- 8,600+
- Partners
- 710
- Alpha Generation
- 9-15%
- Initial Focus
- Long-only equity schemes
