100%
1-year holding
of 1 windows beat the index
Avg / yr+12.2%
7.6
Nyra score
Independently scored
1-yr track record · since Apr 2025ValueAUM —Max drawdown −15.41%SEBI-registered PMS
3Y CAGR
—
annualised
5Y CAGR
—
annualised
Since inception
12.2%
CAGR · net of fees
₹1 Cr became
₹1.12 Cr
index ₹1.08 Cr
AUM
—
strategy size
Minimum
₹50 L
SEBI minimum
Snapshot
What this strategy is
The Carnelian Bharat Amritkaal Fund -2 (CBAF-2) is a flexi-cap portfolio which focuses on high-growth companies poised to benefit from key 'megatrends' across sectors such as Banking, Financial Services, Insurance (BFSI), Manufacturing, Services Exports, Infrastructure and Consumption. It aims to identify opportunities early on, aligning with the evolving landscape of India's economy with a concentrated portfolio comprising of ~30 stocks.
Performance · what ₹1 crore would have become
₹1.12 Cr
+12% · 1.1× your money
- This strategy₹1.12 Cr
- S&P BSE 500 Index₹1.08 Cr
₹1 Cr invested at inception (Apr 2025)1.0 yrs
Illustrative monthly path, net of fees, modelled to the strategy's since-inception CAGR versus the S&P BSE 500 Index. Not the actual NAV series; past performance is not indicative of future returns.
Returns
Trailing returns vs benchmark
Absolute for windows under a year, annualised (CAGR) beyond. Alpha is the strategy minus its benchmark.
1M
3M
6M
1Y
3Y
5Y
SI
This strategy11.7%
0.9%
-4.3%
11.9%
—
—
12.2%
S&P BSE 500 Index
10.4%
-1.8%
-4.6%
2.5%
—
—
8.3%
Alpha
+1.3%
+2.7%
+0.3%
+9.4%
—
—
+3.9%
Reliability
How often it has beaten the index
Across every rolling holding period in the modelled history — the longer you hold, the more the odds have favoured the strategy.
Computed on an illustrative monthly path modelled to the since-inception CAGR — not the actual NAV series.
Risk
The quality of those returns
Returns mean little without the ride that earned them.
−15.41%
Max drawdown
12.2%
Worst 1-yr window
18.3%
Volatility (ann.)
0.39
Sharpe ratio
In its worst stretch the strategy fell −15.41% peak-to-trough. A Sharpe of 0.39 means it earned a modest return for each unit of risk taken. Size the position so a drawdown of that order is one you can sit through.
Portfolio
Under the hood — where the money sits
Spread across the market-cap curve.
Market-cap mix
- Large39%
- Mid26%
- Small35%
Concentration
Holdings—
Cash / debt buffer—
Top holdings and the sector book stream from the live feed — ask Nyra for the current portfolio.
Manager
Who runs the money
A strategy is only as good as the hand on the wheel.
Fund manager
Investment team
Carnelian Bharat · 1-yr strategy tenure · — managed
Investment philosophy
Carnelian Bharat's Very Low approach leans on valuation discipline — buying solid businesses for less than they are worth and waiting for the gap to close. It is benchmarked to the S&P BSE 500 Index but invests with conviction rather than hugging the index.
Conviction over the index
A focused book of roughly 30–40 holdings means the highest-conviction ideas actually move the portfolio.
Through the cycle
A 1-year track record across rallies and drawdowns — positioning shifts with the cycle rather than chasing the last quarter.
Risk first
Drawdowns are managed deliberately; the worst peak-to-trough on record is about −15.41%.
Nyra's read
A dependable very low strategy that scores well across our pillars.
Nyra scores Carnelian Bharat Amritkaal Fund-2 7.6/10, on a since-inception CAGR near 12.2%. Its sharpest fall on record is about −15.41% — size the position so that ride is one you can hold.
Best suited to
Investors with a 5-year-plus horizon who want active Very Low exposure and can sit through equity drawdowns.
Mind if
A −15.41% drawdown would test your nerve, or you need ₹50 L+ to commit at the SEBI minimum.
Pairs well with
A steadier core (large-cap or hybrid) so this can play the higher-conviction satellite in your overall allocation.
Facts & fees
The fine print, in plain sight
- Inception
- Apr 2025
- Track record
- 1 years
- Category
- Very Low
- Style
- Value
- Benchmark
- S&P BSE 500 Index
- Holdings
- —
- Fixed fee
- —
- Performance fee
- No profit share
- Minimum investment
- ₹50 L
- Lock-in / exit
- Exit Load: 2% if redeemed within 12 months
- Reporting
- Monthly + live login
- Regulator
- SEBI-registered PMS
PMS Sahi Hai is a SEBI-registered platform. Figures are sourced from the strategy's disclosures and the live feed; the growth chart, rolling-window and risk figures are modelled to the disclosed since-inception CAGR (illustrative, not the actual NAV series). Returns are net of fees where stated. Investments in PMS, AIF and GIFT City strategies are subject to market risk — past performance is not indicative of future results. This page is information, not investment advice.
What investors say
“I held two PMS for four years and couldn't tell you why. One 15-minute review showed me the overlap, the real post-tax number, and one fund worth replacing. Nobody had ever shown me that math.”
Rajesh K.HNI · Mumbai · ₹3.2 Cr · 2 PMS reviewedComposite client stories — names changed, numbers preserved.
FAQ
Carnelian Bharat Amritkaal Fund-2 — common questions
What is Carnelian Bharat Amritkaal Fund-2?
Carnelian Bharat Amritkaal Fund-2 is a Very Low PMS strategy from Carnelian Bharat. It follows a Value style, is benchmarked to the S&P BSE 500 Index, and carries a Nyra score of 7.6/10.
Who should consider Carnelian Bharat Amritkaal Fund-2?
It suits investors with a five-year-plus horizon who want active Very Low exposure and can stay invested through market drawdowns. The SEBI minimum is ₹50 L.
What returns has it delivered?
Since inception (Apr 2025) it has compounded at roughly 12.2% a year. Returns are net of fees; past performance is not a guarantee of future results.
What are the fees and lock-in?
—, with a performance fee of No profit share. Exit / lock-in terms: Exit Load: 2% if redeemed within 12 months.
How risky is it?
Like all market-linked products it can fall in value; the worst drawdown on record is about −15.41%. Carnelian Bharat is SEBI-registered and reports monthly. This page is information, not investment advice.
