Expert-managed portfolios tailored to your financial goals.
We believe investment success stems from consistently making sound decisions over time—decisions that are objective, unbiased, and grounded in a clear assessment of probabilities and risk-reward dynamics. Our philosophy focuses on investing in q
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
| Duration | Investment Approach | Benchmark | Alpha |
|---|---|---|---|
| 1 Month | 1.22% | 0.45% | 0.77% |
| 3 Months | -7.37% | -3.13% | -4.24% |
| 6 Months | -3.33% | 3.24% | -6.57% |
| 1 Year | 13.2% | 17.3% | -4.1% |
| 2 Year | 10.02% | 8.09% | 1.93% |
| 3 Year | 27.59% | 17.66% | 9.93% |
| 5 Year | 27.24% | 14.78% | 12.46% |
| Since Inception | 31.45% | 19.03% | 12.42% |
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -6.74% | 1.22% | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Benchmark | -3.34% | 0.45% | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Alpha | -3.4% | 0.77% | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | -6.77% | -13.7% | 8.91% | -2.43% | 9.33% | 4.9% | -1.06% | -2.88% | 1.03% | 2.21% | 1.07% | -1.88% |
| Benchmark | -3.43% | -7.74% | 7.32% | 3.18% | 3.54% | 3.68% | -2.71% | -1.75% | 1.24% | 4.27% | 0.96% | -0.24% |
| Alpha | -3.34% | -5.96% | 1.59% | -5.61% | 5.79% | 1.22% | 1.65% | -1.13% | -0.21% | -2.06% | 0.11% | -1.64% |
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -- | -- | -- | 8.46% | -4.49% | 11.55% | 6.51% | 6.18% | 1.39% | -1.52% | 5.36% | -1.89% |
| Benchmark | -- | -- | -- | 3.44% | 0.83% | 7.05% | 4.44% | 0.96% | 2.09% | -6.45% | 0.06% | -1.5% |
| Alpha | -- | -- | -- | 5.02% | -5.32% | 4.5% | 2.07% | 5.22% | -0.7% | 4.93% | 5.3% | -0.39% |
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4667 | 4740.8 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| 2025 | 3362.2 | 3032.3 | 3410.3 | 3446.3 | 3867.9 | 4163.8 | 4291.8 | 4310.1 | 4511.7 | 4726.3 | 4878.7 | 4924 |
| 2024 | -- | -- | -- | 1730.4 | 1786.2 | 2134 | 2423.8 | 2694.9 | 2852.6 | 2985.6 | 3281.8 | 3373.4 |
Unlock the potential of your investments with expert-managed portfolios. PMS offers personalized strategies to help your wealth grow steadily and securely.
