Positive impactCompany
Vikas Khemani’s Carnelian Asset Management receives SEBI approval for mutual fund business
Economic Times 1 hr ago·22 Jul 2026, 7:45 am
Vikas Khemani’s Carnelian Asset Management has received the necessary regulatory nod from SEBI to officially launch its mutual fund business. This approval clears the path for the firm to offer a diverse range of investment products, including active and passive funds across equity, debt, and hybrid categories. The move marks a strategic expansion of Khemani’s existing operations, which previously focused on Portfolio Management Services, Alternative Investment Funds, and offshore strategies.
For investors, this development is significant as it introduces a new, experienced player to the mutual fund space. Khemani’s reputation in the market suggests a focus on active management, which could appeal to investors looking for seasoned leadership. While the new funds are not yet available, the approval signals a strong pipeline of products that may soon be accessible to retail investors, potentially increasing competition in the sector.
Investors should watch for the launch date and the specific fund categories the firm intends to offer first. It will be important to review the fund's investment philosophy and track record once the products are live to determine if they align with your financial goals.
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