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Value Driven. Long Term. Absolute Return.
Managed by Karma Capital Advisors
Complex or leveraged strategies — long-short, hedge-fund-style and quant funds. Often open-ended, within SEBI leverage limits.
Karma Capital India Fund is a SEBI-registered Category III Alternative Investment Fund (reg. IN/AIF3/18-19/0598), registered in October 2018 and managed by Karma Capital Advisors Private Limited (CIN: U67190MH2004PTC148102, SEBI PMS Registration: INP000001223) — a Mumbai-based independent investment management organisation founded in 2005, headquartered at Floor 12U, Suite I, Remi Commercio, Off Veera Desai Road, Andheri West, Mumbai 400053. Founded by Rushabh Vinod Sheth (30+ years experience) and co-managed with Nikhil Praful Desai, Karma Capital Advisors manages approximately ₹4,586 crore (~$617 million) in assets for institutional and individual investors in India and globally. The firm's primary product is Discretionary Portfolio Management Services (PMS) for domestic HNIs, Family Offices, and Institutions, and Investment Management/Advisory for offshore institutional investors (endowments, pension funds, SWFs, and family offices). The Cat III AIF (Karma Capital India Fund) is the onshore pooled vehicle for eligible investors, running a long-only listed India equities strategy consistent with the PMS approach. The firm's partners, Rushabh Sheth and Nikhil Desai, have been together for 20+ years at Karma Capital, indicating exceptional team stability.
Rushabh Vinod Sheth
FMFounder & Managing Partner / Portfolio Manager
Rushabh Vinod Sheth is the Founder and Managing Partner of Karma Capital Advisors Private Limited and the lead portfolio manager. He has over 30 years of buy-side experience in Indian listed equities and has been with Karma Capital for 20 of those years — since the firm's founding in 2005. He is a qualified Cost Accountant (ICWA) and holds a Bachelor of Commerce from Sydenham College, University of Mumbai. He co-manages the firm with Nikhil Desai and together they manage ₹4,586 crore (~$617 million) for domestic and global institutional investors.
Nikhil Praful Desai
FMCo-Founder & Partner / Portfolio Manager
Nikhil Praful Desai is a Co-Founder and Partner at Karma Capital Advisors Private Limited, with over 30 years of buy-side experience in Indian equities. He holds an MBA from Virginia Tech (USA) and a Bachelor of Commerce from Sydenham College, University of Mumbai. He has co-managed Karma Capital alongside Rushabh Sheth for 20+ years and is a Director of the firm per MCA records.
Ekta Mehta
FMPortfolio Manager
Ekta Mehta is a Portfolio Manager at Karma Capital Advisors with over 12 years of investment and financial analysis experience. She manages large-cap funds and covers Banking, Financials, Insurance, FMCG, Hotels, Hospitals, and Oil & Gas sectors. Prior to Karma Capital, she worked at MSCI, SGA, and B&K Securities (sell-side analyst, media sector). She holds an MBA in Finance from NL Dalmia Institute of Management Studies and a CFA degree from ICFAI University.
Shardul Singh
SEBI Contact Person / Operations
Shardul Singh is the SEBI-designated contact person for Karma Capital India Fund at Karma Capital Advisors Private Limited, Mumbai.
View the investment manager profile with all PMS strategies and AIFs under Karma Capital Advisors.
Also runs PMS — see strategiesNo insights published yet.
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