CARNELIAN ASSET MANAGEMENT AND ADVISORS PRIVATE LIMITED
5 Investment Approaches AUM Rank #18 As on 01 Jul 2026
₹12,321
Total AUM (Cr.)
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Company Overview

Carnelian Asset Management, founded by Vikas Khemani, Manoj Bahety, and Swati Khemani, is an investment firm focused on helping clients create and preserve wealth through disciplined equity investing. Inspired by the Carnelian stone’s qualities—motivation, endurance, leadership, and courage—the firm emphasizes objective, long-term, and risk-aware decision-making to deliver consistent results.

Investment Approaches Performance

Investment Approach Category 1 M 3 M 6 M 1 Y 2 Y 3 Y 5 Y Inception AUM (Cr.) Inception Date

Portfolio Manager Profile

Mr Kunal Shah Mr Kunal Shah

Kunal Shah, a Chartered Accountant with an All India Rank, has over 12 years of experience and is part of Carnelian&rsqu... Kunal Shah, a Chartered Accountant with an All India Rank, has over 12 years of experience and is part of Carnelian’s Fund Management team and Investment Committee. With expertise spanning sectors like Banking, Insurance, Consumer, Auto, and Pharma, he brings deep research insight and a passion for understanding businesses across market caps. Read More

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