Catalysts for Future Growth
Strong Economic Resilience and Growth Potential
Global Hub for Innovations and Startups
Supportive Government Reforms
Strong Support from Domestic Market Participants
India to become 3rd Largest Economy
Introducing Gift City
Gujarat International Finance Tec – City, India’s first smart city and global financial hub, is located in Gujarat along the Sabarmati River.
As India’s first International Financial Services Centre (IFSC) under the SEZ Act of 2005, GIFT City Facilitates financial transactions in global currencies, excluding INR.
It is a strategic hub connecting India’s fast – growing economy to global financial markets.
Karma Capital Managers
Karma Capital Managers (KCM) is the Portfolio Manager for Karma Capital India Emerging Fund.
KCA has a non – binding advisory agreement with KCM.
KCM is a wholly owned subsidiary of Karma Capital Advisors Pvt. Ltd. (KCA).
KCA is the advisor to Karma Capital India Emerging Fund.
Introducing Karma Capital
- Karma Capital is an employee-owned, equity boutique, established in 2005 by Rushabh Sheth and Nikhil Desai, the Co- Founders and Co – CIOs both have portfolio management responsibility and each of them having investment management experience of over 30 years.
- ~$850 million assets under management (Firmwide AUM under various licenses, As on November 30, 2025)
- Track record of 19 years, Karma Capital has compounded money at ~12.0% for the last 10 years (Source: Internal, As on November 30, 2025)
Past Performance of Karma Capital Advisors Pvt. Ltd.
Note: As on November 30, 2025; USD returns are derived returns from INR returns. Inception Date – Dec 31 2006. Returns are based on net of fees G taxes since inception for firm wide AUM including advisory portfolio. Returns are based on TWRR method as per SEBI (Portfolio Managers) Regulations, 2020. Returns > 1 year are annualized.
Directors
Rushabh Sheth
Director
Karma Capital Managers
Overall buy side experience of over 30 years.
19 Years with Karma Capital.
Education: Bachelor of Commerce from Sydenham College, University of Mumbai, CFA from ICFAI university and a qualified Cost Accountant.
Nikhil P Desai
Director
Karma Capital Managers
Overall buy side experience of over 30 years.
19 Years with Karma Capital.
Education: MBA from Virginia Tech and Bachelor of Commerce from Sydenham
College, University of Mumbai.
Principal Officer - Karma Capital Managers
VINIT MANEK, CFA
Overall research experience of 9 years. 8 Years with Karma Capital
Education: Chartered Financial Analyst and Bachelors in Financial Market
Fund Facts
*Exit Load: – For Share Class A & B: 2% for 1st year, 1% for 2nd year, Thereafter NIL
Onboarding Process
Onboarding Process
Phygital
Documents Required
Identity and Address Proof
