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Carnelian - Shift Strategy
Carnelian - Shift Strategy

Carnelian - Shift Strategy

  • Carnelian Asset Advisors LLP
  • Small AND Mid Cap
  • 4
    Out of 26*
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Portfolio age5 years, 2 months
2.21%
4.27%
Hurdle Rate**8.00%
Fixed fee2.50%
Min. Investment₹50 Lacs
*Ranking of the scheme in the peer group is based on its return for the longest period available
**Minimum return that a PMS scheme must generate before an investor starts paying performance fees

bt_logoTRAILING PERFORMANCE

(As on 31/10/2025)
Compare the performance of the PMS scheme against benchmark across different time periods.

bt_logoPERFORMANCE

Calendar YearFinancial Year
No Data Available

bt_logoDETAILED PORTFOLIO

EQUITY (Undisclosed)
CASH AND EQUIVALENT (1.29%)
Allocation by Market Cap
Small Cap (58.52%)
Mid Cap (26.83%)
Large Cap (13.36%)
Sector Holdings
  • Pharma & API22.53%
  • Engineering & Capital Goods18.74%
  • IT17.48%
  • Auto & Auto ancillary13.42%
  • Consumption11.55%
Stock Holdings
  • Laurus Labs Ltd8.7%
  • Biocon Ltd7.02%
  • Kalpataru Projects International Ltd5.17%
  • Concord Biotech Ltd4.23%
  • Larsen & Toubro Ltd4.12%

bt_logoPORTFOLIO MANAGERS

Kunal Shah
  • Manager Rank5 Out of 35
    i
    Rank is based on 3-year return
  • Schemes Managed4
  • Total AUMUndisclosed
  • Highest Return In 1 Yr14.8%
Profile

Kunal Shah has overall 12 years of professional experience and is a part of Fund management team & Investment Committee with Carnelian. He has been Carnelian since inception, he is a Chartered Accountant with All India Rank. Kunal's experience in research spans across sectors like Banking, Insurance, Consumer, Auto’s, Capital Goods, Chemicals, Pharma etc. He is passionate about reading & understanding various businesses across market caps.

Other Schemes
  • table
  • Grid
Compare
Carnelian - Bespoke Strategy
AUM (₹ Cr)
UNDISC.
Hurdle Rate
8.00%
Benchmark
S&P BSE 500 TRI
Category
Multi Cap AND Flexi Cap
Category Rank
13 Out of 251
Fixed Fee
No Option
Scheme Return
6.59%
Benchmark Return
4.27%
Carnelian - Capital Compounder
AUM (₹ Cr)
UNDISC.
Hurdle Rate
8%
Benchmark
S&P BSE 500 TRI
Category
Multi Cap AND Flexi Cap
Category Rank
23 Out of 251
Fixed Fee
2.50%
Scheme Return
6.15%
Benchmark Return
4.27%
Carnelian - Carnelian YNG Strategy
AUM (₹ Cr)
UNDISC.
Hurdle Rate
8.00%
Benchmark
S&P BSE 500 TRI
Category
Multi Cap AND Flexi Cap
Category Rank
57 Out of 251
Fixed Fee
2.50%
Scheme Return
4.86%
Benchmark Return
4.27%
Carnelian - Shift Strategy
AUM (₹ Cr)
UNDISC.
Hurdle Rate
8.00%
Benchmark
S&P BSE 500 TRI
Category
Small AND Mid Cap
Category Rank
41 Out of 53
Fixed Fee
2.50%
Scheme Return
2.21%
Benchmark Return
4.27%
*Returns less than and equal to 1 year are absolute and returns above one year are annualized

bt_logoFUND SUMMARY

AUM (₹ Cr)
UNDISC.
(As on Oct, 2025)
Inception Date
Oct 06, 2020
Min. Investment
₹50 Lacs
SIP Option
Not Available
STP Option
Not Available
Exit Load
Exit load is 1.00% if redeemed in 0-1 year, 0% thereafter.
Reporting Structure
TWRR Pooled
i
Time Weighted Rate of Return

bt_logoFEE STRUCTURE

Fixed Fee
2.50%
Variable Fee
1.50% Or 0.00%
Hurdle Rate
8.00%
Profit Sharing
15% profit Sharing above 8% hurdle or 20% Profit Sharing above 8% Hurdle(with Catch up)
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bt_logoINVESTMENT PHILOSOPHY

Objective

Long only, multi-cap strategy focusing on Manufacturing and Technology opportunities Designed to invest in companies likely to benefit from two major structural Shifts Mainly targeting mid cap and small cap companies with existing core competence/niche capability along with strong BS, governance and return ratios.

Investment Approach

We believe investing success is an outcome of making good decisions consistently over a long period of time. Good decisions are those which are made “objectively, free of any bias”, considering “probability of outcome” and factoring “risk reward”. We believe in investing in good growth businesses, managed by great managements at fair valuation.

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bt_logoPEER ANALYSIS

  • table
  • Grid
Compare
Carnelian - Shift Strategy
AUM (₹ Cr)
UNDISC.
Hurdle Rate
8.00%
Benchmark
S&P BSE 500 TRI
Category Rank
41 Out of 53
Fixed Fee
2.50%
Scheme Return
2.21%
Benchmark Return
4.27%
InCred - Small & Midcap
AUM (₹ Cr)
UNDISC.
Hurdle Rate
8.00% or 0%
Benchmark
S&P BSE 500 TRI
Category Rank
1 Out of 53
Fixed Fee
2.50%
Scheme Return
7.7%
Benchmark Return
4.27%
Motilal Oswal - Focused Midcap
AUM (₹ Cr)
₹1,992.70 Cr
Hurdle Rate
8.00%
Benchmark
S&P BSE 500 TRI
Category Rank
2 Out of 53
Fixed Fee
2.50%
Scheme Return
7.36%
Benchmark Return
4.27%
Focus Fund
AUM (₹ Cr)
₹19.07 Cr
Hurdle Rate
No Option
Benchmark
S&P BSE 500 TRI
Category Rank
3 Out of 53
Fixed Fee
No Option
Scheme Return
7.31%
Benchmark Return
4.27%
Composite India - Emerging Star Fund
AUM (₹ Cr)
UNDISC.
Hurdle Rate
10.00%
Benchmark
S&P BSE 500 TRI
Category Rank
4 Out of 53
Fixed Fee
1.00%
Scheme Return
6.08%
Benchmark Return
4.27%
Trivantage Capital - Small and Midcap Financials
AUM (₹ Cr)
UNDISC.
Hurdle Rate
10.00%
Benchmark
Nifty 50 TRI
Category Rank
5 Out of 53
Fixed Fee
2.50%
Scheme Return
6.07%
Benchmark Return
4.62%
*Returns less than and equal to 1 year are absolute and returns above one year are annualized

bt_logoABOUT AMC

Carnelian Asset Advisors LLP
Carnelian Asset Advisors LLP manages assets worth Rs 9064.73 crores. Its current offering of PMS schemes includes 3 Multi Cap And Flexi Cap and 1 Small And Mid Cap schemes.

AUM (₹ cr)

9,064.73 (As on Oct, 2025)

Number of Schemes

4
Schemes From This AMC
  • table
  • Grid
Compare
Carnelian - Bespoke Strategy
AUM (₹ Cr)
UNDISC.
Hurdle Rate
8.00%
Benchmark
S&P BSE 500 TRI
Category
Multi Cap AND Flexi Cap
Category Rank
13 Out of 251
Fixed Fee
No Option
Scheme Return
6.59%
Benchmark Return
4.27%
Carnelian - Capital Compounder
AUM (₹ Cr)
UNDISC.
Hurdle Rate
8%
Benchmark
S&P BSE 500 TRI
Category
Multi Cap AND Flexi Cap
Category Rank
23 Out of 251
Fixed Fee
2.50%
Scheme Return
6.15%
Benchmark Return
4.27%
Carnelian - Carnelian YNG Strategy
AUM (₹ Cr)
UNDISC.
Hurdle Rate
8.00%
Benchmark
S&P BSE 500 TRI
Category
Multi Cap AND Flexi Cap
Category Rank
57 Out of 251
Fixed Fee
2.50%
Scheme Return
4.86%
Benchmark Return
4.27%
Carnelian - Shift Strategy
AUM (₹ Cr)
UNDISC.
Hurdle Rate
8.00%
Benchmark
S&P BSE 500 TRI
Category
Small AND Mid Cap
Category Rank
41 Out of 53
Fixed Fee
2.50%
Scheme Return
2.21%
Benchmark Return
4.27%
*Returns less than and equal to 1 year are absolute and returns above one year are annualized

bt_logoFAQ's

What is the hurdle rate of Carnelian - Shift Strategy?
The hurdle rate of Carnelian - Shift Strategy is 8.00%.
What is the fixed fee charged in Carnelian - Shift Strategy ?
The fixed fee charged in Carnelian - Shift Strategy is 2.50%.
What is the variable fee charged in Carnelian - Shift Strategy ?
The variable fee charged in Carnelian - Shift Strategy is 1.50% Or 0.00%.
What is the profit sharing in Carnelian - Shift Strategy ?
The profit sharing in Carnelian - Shift Strategy is 15% profit Sharing above 8% hurdle or 20% Profit Sharing above 8% Hurdle(with Catch up).
What is the minimum investment in Carnelian - Shift Strategy ?
The minimum investment in Carnelian - Shift Strategy is ₹50 Lacs
What type of scheme is Carnelian - Shift Strategy?
Carnelian - Shift Strategy is an Equity scheme. It falls in the Small AND Mid Cap category.
What is the inception date of Carnelian - Shift Strategy?
The inception date of Carnelian - Shift Strategy is Oct 06, 2020.
What is the exit load of Carnelian - Shift Strategy?
Exit load is 1.00% if redeemed in 0-1 year, 0% thereafter.

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