Education and Qualifications
Vikas Khemani is a Chartered Accountant (CA) from the Institute of Chartered Accountants of India, a Chartered Financial Analyst (CFA) from the CFA Institute, USA, and a Company Secretary (CS) from the Institute of Company Secretaries of India. Holding all three professional qualifications makes him a triple-charter investment professional.
Career Timeline
| Period | Location | Role | Key Milestone |
| Early Career | India | Capital Markets Professional | Began his career in the Indian capital markets, building expertise across equity investing and financial services. |
| 2002-2019 | Mumbai, India | CEO, Edelweiss Securities Ltd. | Led the business for 17 years, building the institutional equities, investment banking, and equity research businesses into leadership positions. |
| 2019-Present | Mumbai, India | Founder, Carnelian Asset Advisors | Established Carnelian Asset Advisors and currently manages its PMS and Category III AIF investment strategies. |
Industry Associations and Roles
- Member, CII National Council on Corporate Governance
- Member, FICCI Capital Markets Committee
- Member, Executive Council of Bombay Management Association
- Member, Young Presidents Organization (YPO)
- Young Professional Achievers Award - Service Sector - Institute of Chartered Accountants of India - 2014
Awards and Recognition
- Young Professional Achievers Award - Service Sector - Institute of Chartered Accountants of India (ICAI) - 2014
Additional fund-level awards, if any, should be verified with the ALTPORT product team before publication.
Funds Managed by Vikas Khemani
Carnelian Capital Compounder Strategy (PMS)
The Carnelian Capital Compounder Strategy is a discretionary Portfolio Management Service with a minimum investment of ₹50 lakh. It follows a multicap, long-only, sector-agnostic investment approach using Carnelian's MCO framework to identify quality growth businesses. Investors can explore the strategy through the Carnelian Capital Compounder Strategy product page on ALTPORT.
Carnelian Shift Strategy (PMS)
The Carnelian Shift Strategy is a discretionary PMS requiring a minimum investment of ₹50 lakh. It focuses on multicap opportunities, particularly businesses benefiting from structural shifts in manufacturing and technology, using the MCO and CLEAR frameworks. Investors can access the strategy through the Carnelian Shift Strategy page on ALTPORT.
Carnelian Contra Strategy (PMS)
The Carnelian Contra Strategy is a discretionary PMS with a minimum investment of ₹50 lakh. The strategy follows a large-cap-biased, contrarian absolute return approach, seeking investment opportunities where market pricing differs from long-term fundamentals. Investors can explore the strategy through the Carnelian Contra Strategy page on ALTPORT.
Carnelian Capital Compounder Fund (Category III AIF)
The Carnelian Capital Compounder Fund is a Category III Alternative Investment Fund requiring a minimum investment of ₹1 crore. It follows a long-only, sector-agnostic investment approach built around the MCO framework. Investors can access the fund through the Carnelian Capital Compounder Fund product page on ALTPORT.
Carnelian Bharat Amritkaal Fund (Category III AIF)
The Carnelian Bharat Amritkaal Fund is a Category III Alternative Investment Fund with a minimum investment of ₹1 crore. The strategy follows a multicap approach, investing across seven long-term mega trends spanning five sectors expected to benefit during India's Amritkaal period. Investors can explore the fund through the Carnelian Bharat Amritkaal Fund page on ALTPORT.
Investment Strategy Note
Carnelian applies its proprietary CLEAR framework as a forensic risk screen before every investment decision, helping evaluate business quality and governance. Its MCO framework classifies opportunities into Magic, Compounder, and Opportunistic businesses, enabling portfolio construction across different stages of growth while maintaining a disciplined investment process.
NRI and HNI Investor Note
Vikas Khemani manages Carnelian Asset Advisors, a SEBI-registered PMS and AIF investment manager (PMS Registration No. INP000006387). Eligible NRI and HNI investors can access Carnelian investment strategies through ALTPORT. Visit the ALTPORT NRI page for eligibility and onboarding information.
Manage By : Vikas Khemani