Affluense AI AFFLUENSE

Bespoke Strategy

Carnelian Asset Management and Advisors Pvt Ltd
PMS Multi Cap & Flexi Cap
Benchmark
S&P BSE 500 TRI
Inception Date
7 October 2021
Min. Investment
₹20,00,00,000
SIP Available
No
STP Available
No

Investment Strategy

Investment Approach

**Investment Strategy for High Net Worth Individuals and Institutional Investors:** We offer bespoke, long-only portfolio management services designed to align with the unique risk and return objectives of our esteemed clientele, including High Net Worth Individuals (HNIs) and institutional investors. Our approach is characterized by a disciplined investment philosophy and a commitment to crafting portfolios that precisely match individual client requirements.

Investment Objective

A broadly diversified, long-only portfolio comprising entities across market capitalizations, meticulously structured to achieve both income generation and capital appreciation within the industrials, financials, and services sectors. This strategy incorporates a mix of publicly listed and privately held organizations.

Performance Returns

Returns as on 2025-12-31

Trailing Returns

Period Strategy Benchmark Outperformance
1 MONTH -2.41% -0.24% -2.17%
3 MONTHS 4.92% 5.02% -0.10%
6 MONTHS 2.67% 1.63% 1.04%
1 YEAR 7.14% 7.63% -0.49%
2 YEAR 19.75% 11.63% 8.12%
3 YEAR 29.92% 16.39% 13.53%
SINCE INCEPTION 27.34% 12.35% 14.99%

Calendar Year Performance

Year Return
CY 2025 7.14%
CY 2024 33.93%
CY 2023 52.91%
CY 2022 3.49%
CY 2021 27.87%

Financial Year Performance

Year Return
FY 26_YTD 20.28%
FY 25 6.96%
FY 24 69.13%
FY 23 9.79%
FY 22 18.61%

Past performance is not indicative of future results. Returns are subject to market risks.

Fund Managers

Kunal Shah

Principal officer , Fund Manager

Mr. Kunal Shah brings twelve years of comprehensive professional experience to Carnelian, where he actively participates in the Fund Management team and serves on the Investment Committee. Having been associated with Carnelian since its establishment, he is a Chartered Accountant who achieved an All India Rank. Mr. Shah's research expertise covers a diverse range of sectors, including but not limited to Banking, Insurance, Consumer Goods, Automobiles, Capital Goods, Chemicals, and Pharmaceuticals. He possesses a keen interest in the in-depth analysis and comprehension of businesses across all market capitalization segments.

Portfolio Details

Portfolio Composition

Large Cap
0%
Mid Cap
0%
Small Cap
0%
Cash & Equivalent
0%

Top 5 Holdings

  • Undisclosed N/A
  • Undisclosed N/A
  • Undisclosed N/A
  • Undisclosed N/A
  • Undisclosed N/A

Top 5 Sectors

  • Undisclosed N/A
  • Undisclosed N/A
  • Undisclosed N/A
  • Undisclosed N/A
  • Undisclosed N/A

Portfolio Characteristics

total number of stocks
N/A
top 5 stocks percent
N/A
top 5 sectors percent
N/A
average market cap
N/A
portfolio age
4 Yrs, 2 Months
sip
Not Available
stp
Not Available

Fee Structure

Variable Fee

AMC: 1.5%

Hurdle: 8%

Profit Sharing: 15%

Exit Load

Year 1: 3%

Year 2: 2%

Year 3: 1%

Interested in ?

Get in touch with our partner to learn more about 's portfolio management services and how they align with your investment goals.

Disclaimer

Returns are as of 2025-12-31. Returns for periods up to one year are not annualized. Returns for periods exceeding one year are annualized. Returns are computed using the Time Weighted Rate of Return (TWRR) methodology and are provided by the respective Asset Management Companies (AMCs). 'ND' denotes 'No Data', and 'NA' denotes 'Not Applicable'. The performance of the respective Benchmark Indices is presented above. Benchmark(s) are as defined in SEBI circular no. SEBI/HO/IMD/IMD-PoD-2/P/CIR/2022/172 dated December 16, 2022, APMI circular no. APMI/2022-23/02 dated March 23, 2023, and Revised Annexure-1.

This page is provided solely for general informational purposes in relation to the strategy and is based on publicly available information. While reasonable care has been taken to ensure accuracy, the information may not reflect the most recent updates.

Nothing on this page constitutes investment, financial, or legal advice. Investment decisions should be made after consulting a qualified advisor and reviewing official scheme documents.

Last Updated: January 2026 · Published by Affluense AI (affluense.ai)