Carnelian Asset Management & Advisors Pvt Ltd • Equity
Carnelian Shift Strategy is an equity portfolio management service (PMS) strategy run by Carnelian Asset Management & Advisors Pvt Ltd, launched on 6 Oct 2020. As of 30 Sep 2026, it manages ₹6,261 Cr of client assets and is benchmarked against the BSE 500 TRI. Its reported trailing returns are +9.35% over 1 year, +17.89% over 3 years and +19.26% over 5 years (+30.86% since inception). Over 3 years, the BSE 500 TRI returned +9.20%, so the strategy is 8.69 percentage points ahead of its benchmark. Its 3-year return ranks 63rd 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: Rising Star (+18.05%), India Rising SME Stars (+17.98%), Motilal Oswal Founders Portfolio (+17.81%), Impress Portfolio - NRI (+17.76%).
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 | -4.40% |
| 3 Months | +0.36% |
| 1 Year | +9.35% |
| 3 Years | +17.89% |
| 5 Years | +19.26% |
| Since Inception | +30.86% |
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 Shift Strategy has a 1-year return of +9.35%, a 3-year return of +17.89%, a 5-year return of +19.26% and +30.86% since inception as of 30 Sep 2026. Past performance is not indicative of future results.
Over 5 years, Carnelian Shift Strategy returned +19.26% against +8.91% for the BSE 500 TRI, 10.35 percentage points ahead. Over 3 years it returned +17.89% against +9.20%; Over 1 year it returned +9.35% 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 Shift Strategy's 3-year return of +17.89% ranks 63rd as of 30 Sep 2026.
Carnelian Shift Strategy is managed by Kunal Shah at Carnelian & Advisors. The strategy manages ₹6,261 Cr of client assets as of 30 Sep 2026.
Carnelian Shift Strategy manages ₹6,261 Cr of client assets as of 30 Sep 2026.
The minimum investment for Carnelian Shift Strategy is ₹50 Lakhs.
Carnelian Shift Strategy was launched on 6 Oct 2020. It has a 5-year track record.
Description
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