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.

Carnelian - Shift Strategy

Carnelian Asset Advisors LLP
Small AND Mid Cap

7
Out of 30*
Compare
Share

Portfolio age5 years, 8 months

5.07%

-0.17%

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

TRAILING PERFORMANCE

(As on 31/05/2026)

Compare the performance of the PMS scheme against benchmark across different time periods.

PERFORMANCE

Calendar YearFinancial Year

No Data Available

DETAILED PORTFOLIO

EQUITY (Undisclosed)

CASH AND EQUIVALENT (5.11%)

Allocation by Market Cap

Small Cap (53.53%)

Mid Cap (28.57%)

Large Cap (12.79%)

Sector Holdings

Pharma & CDMO24.05%
Engineering & Capital Goods22.77%
Auto & Auto Ancillary11.84%
IT10.51%
Consumption9%

Stock Holdings

Biocon Ltd7.95%
Laurus Labs Ltd6.9%
Kalpataru Projects International Ltd5.49%
Bharat Heavy Electricals Ltd5.36%
Timken India Ltd4.85%

PORTFOLIO MANAGERS

Kunal Shah

Manager Rank10 Out of 40
i
Rank is based on 3-year return
Schemes Managed4
Total AUM10788.130000000001
Highest Return In 1 Yr15.08%

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

1m 3m 6m 1y 3y 5y

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Grid

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Carnelian - Shift Strategy

AUM (₹ Cr)

₹5,340.78 Cr

Hurdle Rate

8.00%

Benchmark

S&P BSE 500 TRI

Category

Small AND Mid Cap

Category Rank

7 Out of 59

Fixed Fee

2.50%

Scheme Return

5.07%

Benchmark Return

-0.17%

Carnelian - Bespoke Strategy

AUM (₹ Cr)

₹3,418.05 Cr

Hurdle Rate

8.00%

Benchmark

S&P BSE 500 TRI

Category

Multi Cap AND Flexi Cap

Category Rank

35 Out of 285

Fixed Fee

No Option

Scheme Return

4.6%

Benchmark Return

-0.17%

Carnelian - Capital Compounder

AUM (₹ Cr)

₹1,899.95 Cr

Hurdle Rate

8.00%

Benchmark

S&P BSE 500 TRI

Category

Multi Cap AND Flexi Cap

Category Rank

44 Out of 285

Fixed Fee

2.50%

Scheme Return

4.33%

Benchmark Return

-0.17%

Carnelian - Carnelian YNG Strategy

AUM (₹ Cr)

₹129.35 Cr

Hurdle Rate

8.00%

Benchmark

S&P BSE 500 TRI

Category

Multi Cap AND Flexi Cap

Category Rank

182 Out of 285

Fixed Fee

2.50%

Scheme Return

0.65%

Benchmark Return

-0.17%

*Returns less than and equal to 1 year are absolute and returns above one year are annualized

FUND SUMMARY

AUM (₹ Cr)

5340.78

(As on May, 2026)

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

Time Weighted Rate of Return

FEE 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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INVESTMENT 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.