Carnelian Asset
Shift Strategy
Carnelian Asset's Shift Strategy is a Flexicap Portfolio Management Services (PMS) strategy managed by Kunal Shah, operational since Oct 2020. Benchmark: BSE 500 TRI.
AUM
₹5,699 Cr
Min investment
₹50 L
Inception
Oct 2020
Fund manager
Kunal Shah
The investment objective of this Investment approach is to seek long term capital appreciation through investment primarily into manufacturing, Technology and ancillary sectors which are likely to benefit on account of global shift/diversification of trade into India from other parts of the world, mainly China and acceleration in IT spending and digitization due to Covid 19 Though reasonable endeavor will be made to achieve the objectives of Investment approach, there is no guarantee or assurance that the investment objective will be achieved. No guaranteed returns are being offered under these services.
6M
+7.5%
1Y
+5.8%
5Y
+21.4%
Since inception
+32.3%
6M
+11.0%
1Y
+7.7%
5Y
+9.2%
Since inception
—
6M
-3.5%
1Y
-2.0%
5Y
+12.2%
Since inception
+17.7%
Positive alpha across both 1Y and 5Y — classified as Consistent Performer
Hypothetical growth based on TWRR from inception (Oct 2020)
Hypothetical illustration based on published TWRR over 5.9 years. Does not account for variable performance fees, taxes, or entry/exit timing. Past performance is not indicative of future results.
20-30 stocks
How many stocks the manager holds. Fewer stocks means higher conviction per position — each holding has a larger impact on overall returns, amplifying both gains and losses.
67%
Percentage of portfolio bought or sold annually. Higher turnover means more active trading and potentially more short-term capital gains tax events in your demat account.
Risk metrics — coming soon
Sharpe ratio, Sortino ratio, beta, standard deviation, and maximum drawdown will be available once sufficient NAV history accumulates. Use turnover ratio and portfolio concentration above as practical risk indicators.