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Vikas Khemani

About us

Carnelian Asset Advisors, an investment management firm was founded by Vikas Khemani, Manoj Bahety, and Swati Khemani to pursue their passion towards investing in capital markets. Carnelian’s mission is to help clients create and protect their wealth in the best optimal manner through investing in equities. Carnelian aspires to create a global scale asset management platform known for its expertise, guided by its strong values.

Invest with us

Carnelian Compounder Strategy aims at delivering superior returns across market cycles through its unique MCO framework.   

In the Carnelian world, we believe investing success is an outcome of making good decisions consistently over a long period of time. Good decisions are those which are made “Objectively, Free of any bias”, considering “Probability of outcome” and factoring “Risk reward”. 




"I was confident of Mr. Khemani’ s ground up experience in investing which earned him sharp acumen in spotting the businesses that have potential to provide above index returns. Today, I can confidently say that Carnelian has lived up to the promise and delivered me sound and much above index returns so far.


Building a successful fund certainly requires expertise to balance the risk reward favourably. Team at Carnelian has demonstrated that fine skill by building a meticulously spread portfolio. Their efforts to engage & educate the investors through insightful and interactive sessions with the promoters of their investment companies have been really useful."

Yogesh Agrawal, MD - Ajanta Pharma

Letter to investors

Letter to media

Regular insights on market events, views, comments and predictions straight from our expert founders.

Recognised by the top media houses, here are the top glimpses to catch of our mentions in the news.

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Get in touch.

Get growing.

“Growth is never by mere chance, it is the result of forces working together.”

~ J.C .Penney  Company

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