SEBI Approves Carnelian Mutual Fund Business

Company: Carnelian Asset Management & Advisors

Approval

SEBI approved the company to launch Mutual Fund business.

Proposed Products

• Equity funds
• Debt funds
• Hybrid funds
• Active funds
• Passive funds

Target

Greater penetration in:

• Tier-II cities
• Tier-III cities
• Rural India

Founder

Vikas Khemani along with Manoj Bahety and Swati Khemani.

⭐ Exam Point

SEBI approval → Carnelian → Mutual Fund business