Market veteran Vikas Khemani’s Carnelian Asset Management & Advisors announced that it has received approval from the Securities and Exchange Board of India (SEBI) to launch its mutual fund business, marking a significant milestone in the firm's growth journey and allowing it to expand its offerings to a wider base of retail investors.
The approval will enable Carnelian to offer investment products to a broader set of investors and strengthen its position as an integrated wealth and asset management company. The firm will be able to provide investment solutions across active and passive strategies, covering equity, debt and hybrid products.
