Carnelian Asset Management & Advisors Pvt Ltd • Equity
Carnelian Contra Portfolio Strategy is an equity portfolio management service (PMS) strategy run by Carnelian Asset Management & Advisors Pvt Ltd, launched on 27 Jan 2022. As of 30 Sep 2026, it manages ₹133 Cr of client assets and is benchmarked against the BSE 500 TRI. Its reported trailing returns are +6.63% over 1 year and +19.11% over 3 years (+23.22% since inception). Over 3 years, the BSE 500 TRI returned +9.20%, so the strategy is 9.91 percentage points ahead of its benchmark. Its 3-year return ranks 50th of 474 PMS strategies benchmarked to the BSE 500 TRI. The minimum investment is ₹50 Lakhs. The strategy is managed by Kunal Shah.
Ranked nearby on 3-year return: Future Stars (+19.19%), Abakkus Personalised Opportunity Specific Strategy (+19.12%), Equitree Emerging Opportunities (+18.93%), EverFlow India Opportunities (+18.85%).
Returns and AUM as of , as reported to APMI. Last checked . Source: public PMS performance disclosures. Returns are as reported by the portfolio manager; past performance is not a guarantee of future returns.
| Period | Return |
|---|---|
| 1 Month | -4.71% |
| 3 Months | +1.31% |
| 1 Year | +6.63% |
| 3 Years | +19.11% |
| Since Inception | +23.22% |
A PMS needs at least ₹50 lakh. Before you commit, get a second opinion on fees, benchmark and fit from Foliyo, a fee-only SEBI Registered Investment Adviser.
Book an intro callCarnelian Contra Portfolio Strategy has a 1-year return of +6.63%, a 3-year return of +19.11% and +23.22% since inception as of 30 Sep 2026. Past performance is not indicative of future results.
Over 3 years, Carnelian Contra Portfolio Strategy returned +19.11% against +9.20% for the BSE 500 TRI, 9.91 percentage points ahead. Over 1 year it returned +6.63% against -2.33%. Figures as of 30 Sep 2026.
Among 474 PMS strategies benchmarked to the BSE 500 TRI with a 3-year track record, Carnelian Contra Portfolio Strategy's 3-year return of +19.11% ranks 50th as of 30 Sep 2026.
Carnelian Contra Portfolio Strategy is managed by Kunal Shah at Carnelian & Advisors. The strategy manages ₹133 Cr of client assets as of 30 Sep 2026.
Carnelian Contra Portfolio Strategy manages ₹133 Cr of client assets as of 30 Sep 2026.
The minimum investment for Carnelian Contra Portfolio Strategy is ₹50 Lakhs.
Carnelian Contra Portfolio Strategy was launched on 27 Jan 2022. It has a 4-year track record.
Description
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