Business Today
Subscribe
PMS TodayBudget 2025US NewsIndiaWeatherBT ShortsNRIEducationElection
BT GolfBT India 100BT Mindrush
Search
Advertisement
Business News
pms
Carnelian - Shift Strategy
Carnelian - Shift Strategy

Carnelian - Shift Strategy

  • Carnelian Asset Advisors LLP
  • Small AND Mid Cap
  • 4
    Out of 27*
  • Compare
    Compare
  • Share
    • Whatsapp
    • Twitter
    • Facebook
    Share
Powered by
PMS Bazaar
Portfolio age5 years, 2 months
1.07%
0.96%
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 30/11/2025)
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 (2.56%)
Allocation by Market Cap
Small Cap (56.14%)
Mid Cap (27.94%)
Large Cap (13.36%)
Sector Holdings
  • Pharma & API22.68%
  • Engineering & Capital Goods18.93%
  • IT17.37%
  • Auto & Auto ancillary14.19%
  • Consumption11.27%
Stock Holdings
  • Laurus Labs Ltd8.99%
  • Biocon Ltd7.33%
  • Kalpataru Projects International Ltd4.85%
  • Larsen & Toubro Ltd4.19%
  • Pricol Ltd4.14%

bt_logoPORTFOLIO MANAGERS

Kunal Shah
  • Manager Rank4 Out of 35
    i
    Rank is based on 3-year return
  • Schemes Managed4
  • Total AUMUndisclosed
  • Highest Return In 1 Yr15.5%
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 - Capital Compounder
AUM (₹ Cr)
UNDISC.
Hurdle Rate
8%
Benchmark
S&P BSE 500 TRI
Category
Multi Cap AND Flexi Cap
Category Rank
14 Out of 259
Fixed Fee
2.50%
Scheme Return
2.64%
Benchmark Return
0.96%
Carnelian - Shift Strategy
AUM (₹ Cr)
UNDISC.
Hurdle Rate
8.00%
Benchmark
S&P BSE 500 TRI
Category
Small AND Mid Cap
Category Rank
7 Out of 53
Fixed Fee
2.50%
Scheme Return
1.07%
Benchmark Return
0.96%
Carnelian - Bespoke Strategy
AUM (₹ Cr)
UNDISC.
Hurdle Rate
8.00%
Benchmark
S&P BSE 500 TRI
Category
Multi Cap AND Flexi Cap
Category Rank
84 Out of 259
Fixed Fee
No Option
Scheme Return
0.86%
Benchmark Return
0.96%
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
132 Out of 259
Fixed Fee
2.50%
Scheme Return
-0.01%
Benchmark Return
0.96%
*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 Nov, 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)
SUBSCRIBE TO
BUSINESS TODAY MAGAZINE
Subscribe Now
Already a subscriber?Login

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.

bt_logoCalculators

Income Tax Calculator Lum-Sum Calculator Dividend Yield Calculator CAGR Calculator SIP Calculator FD Calculator Top-Up Calculator Latte Factor Calculator

BT Tv

Ajay Bijli on How Regional Cinema and Content Diversity Boosted Footfalls3:22Ajay Bijli On How Regional Cinema And Content Diversity Boosted Footfalls
Nifty Delivers 10%, Here Are The Star Performers & Laggards Of 2025 On D-Street4:22Nifty Delivers 10%, Here Are The Star Performers & Laggards Of 2025 On D-Street
“Madam, I’ll Marry You If Pakistan Comes As Dowry”: Rajnath Recalls Atal Ji’s Legendary Wit3:46“Madam, I’ll Marry You If Pakistan Comes As Dowry”: Rajnath Recalls Atal Ji’s Legendary Wit
Digital Detox In Karnataka: A Village Switches Off Screens For Two Hours Daily3:00Digital Detox In Karnataka: A Village Switches Off Screens For Two Hours Daily
Will Markets Revisit Fresh Highs in 2026? Earnings, Liquidity and Growth Themes2:45Will Markets Revisit Fresh Highs In 2026? Earnings, Liquidity And Growth Themes
From SIPs to Options: How to Trade Smart in Indian Markets2:06From SIPs To Options: How To Trade Smart In Indian Markets
2025 Was Not For India’s Aviation Sector, Sector Faces Safety Stress Test4:462025 Was Not For India’s Aviation Sector, Sector Faces Safety Stress Test
Education in Native Languages Key to Knowledge for All, Says RSS Chief Mohan Bhagwat3:08Education In Native Languages Key To Knowledge For All, Says RSS Chief Mohan Bhagwat
2026 Portfolio Playbook: Where Should Investors Put Their Money?2:192026 Portfolio Playbook: Where Should Investors Put Their Money?
IPO Market Outlook 2026: Zepto, NSE, boAt and Others Primary Market — What Lies Ahead2:30IPO Market Outlook 2026: Zepto, NSE, boAt And Other Primary Market — What Lies Ahead
View more

bt_logoPEER ANALYSIS

  • table
  • Grid
Compare
Carnelian - Shift Strategy
AUM (₹ Cr)
UNDISC.
Hurdle Rate
8.00%
Benchmark
S&P BSE 500 TRI
Category Rank
7 Out of 53
Fixed Fee
2.50%
Scheme Return
1.07%
Benchmark Return
0.96%
Shriram Future GEMS
AUM (₹ Cr)
UNDISC.
Hurdle Rate
No Option
Benchmark
Nifty 50 TRI
Category Rank
1 Out of 53
Fixed Fee
No Option
Scheme Return
3.44%
Benchmark Return
1.92%
Trivantage Capital - Small and Midcap Financials
AUM (₹ Cr)
UNDISC.
Hurdle Rate
10.00%
Benchmark
Nifty 50 TRI
Category Rank
2 Out of 53
Fixed Fee
2.50%
Scheme Return
3.37%
Benchmark Return
1.92%
Aditya Birla Sun Life- Select Sector Portfolio
AUM (₹ Cr)
₹551.31 Cr
Hurdle Rate
12.00%
Benchmark
S&P BSE 500 TRI
Category Rank
3 Out of 53
Fixed Fee
2.50%
Scheme Return
2.9%
Benchmark Return
0.96%
Magadh Capital - Future Stars
AUM (₹ Cr)
₹66.56 Cr
Hurdle Rate
10.00%
Benchmark
S&P BSE 500 TRI
Category Rank
4 Out of 53
Fixed Fee
2.50%
Scheme Return
1.75%
Benchmark Return
0.96%
Avenue Fund
AUM (₹ Cr)
₹134.20 Cr
Hurdle Rate
No Option
Benchmark
S&P BSE 500 TRI
Category Rank
5 Out of 53
Fixed Fee
2.00%
Scheme Return
1.69%
Benchmark Return
0.96%
*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 9384.62 crores. Its current offering of PMS schemes includes 3 Multi Cap And Flexi Cap and 1 Small And Mid Cap schemes.

AUM (₹ cr)

9,384.62 (As on Nov, 2025)

Number of Schemes

4
Schemes From This AMC
  • table
  • Grid
Compare
Carnelian - Capital Compounder
AUM (₹ Cr)
UNDISC.
Hurdle Rate
8%
Benchmark
S&P BSE 500 TRI
Category
Multi Cap AND Flexi Cap
Category Rank
14 Out of 259
Fixed Fee
2.50%
Scheme Return
2.64%
Benchmark Return
0.96%
Carnelian - Shift Strategy
AUM (₹ Cr)
UNDISC.
Hurdle Rate
8.00%
Benchmark
S&P BSE 500 TRI
Category
Small AND Mid Cap
Category Rank
7 Out of 53
Fixed Fee
2.50%
Scheme Return
1.07%
Benchmark Return
0.96%
Carnelian - Bespoke Strategy
AUM (₹ Cr)
UNDISC.
Hurdle Rate
8.00%
Benchmark
S&P BSE 500 TRI
Category
Multi Cap AND Flexi Cap
Category Rank
84 Out of 259
Fixed Fee
No Option
Scheme Return
0.86%
Benchmark Return
0.96%
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
132 Out of 259
Fixed Fee
2.50%
Scheme Return
-0.01%
Benchmark Return
0.96%
*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.

bt_logoTop Stories