Carnelian Bharat Amritkaal Fund - 3
Carnelian Asset Management & Advisors
Fund profile
About the Fund
Carnelian Bharat Amritkaal Fund - 3 is a long-only, flexi-cap and sector-agnostic strategy focused on companies benefiting from India's emerging mega trends. It combines a concentrated Quality Growth at Reasonable Price (QGARP) portfolio with forensic analysis. The approach seeks quality businesses at reasonable valuations while using detailed research to manage business and governance risks.
Source: About the Fund PDF.
Key metrics
AUM
₹1,400 Cr
Minimum investment
₹1 Cr
Vintage
2025
1-year return
+8.8%
Since inception
+21.8%
Inception
15 Apr 2025
Source-verified detail
Key Information
Fund manager
Manoj Bahety
Investment manager
Carnelian Asset Management & Advisors
SEBI category
Category 3
Strategy
Equity
Benchmark
BSE 500
Management fee
2.5%
Wtd avg M-cap
₹1,52,448 Cr
Equity deployed
99.5%
Status
Active
Data as of
30 Jun 2026
Source: Fact sheet / official materials provided by Carnelian Asset Management & Advisors.
Disclosed figures
Performance since inception
Performance since inception
Since inception 31 August 2025; absolute returns as on 30 June 2026. Fund-level performance is based on TWRR; investor returns may differ by class, tier, fee structure and point of allotment. Net of fees & expenses, pre-tax. Past performance may or may not sustain in the future.
Source: Fact sheet / official materials provided by Carnelian Asset Management & Advisors.
Carnelian Asset Management & Advisors
About the Fund Manager
Manoj Bahety
Fund Manager & Co-Founder, Carnelian Asset Management
CA, CFA with about 28 years of experience; co-founded Carnelian in 2019. At Edelweiss Securities he was Deputy Head of Institutional Equity Research, Head of Forensic Research and Head of Thematic & Mid Cap Research, known for non-consensus forensic research ("ABC Research"). Has served on CFA Institute committees, including as Chairperson of its India Advocacy Committee.
- Experience
- About 28 years
- Qualifications
- CA, CFA
- Co-founded Carnelian
- 2019
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