Two Decades of Disciplined Growth
A specialist investment boutique dedicated exclusively to listed Indian equities, with the independence to think differently and invest without institutional constraints or conflicts. The firm remains employee-owned and founder-led. For over 20 years, the firm has refined a process that helps it identify early-stage growth companies across market cycles. Remaining independent has allowed the firm to invest with true agility, flexibility and unbiased conviction.
Sorted by 3-year return. Returns are TWRR, net of fees; CAGR above 1 year.
KARMA CAPITAL LOTUS
Flexi Cap
KARMA WEALTH BUILDER
Flexi Cap
Rushabh Vinod Sheth
Fund managerFounder & 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
Fund managerCo-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
Fund managerPortfolio 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.
Investments in securities markets are subject to market risks. Read all the related documents carefully before investing. Past performance is not indicative of future returns.
Vinay Jain
Fund managerPortfolio Manager
Overall research experience of 12 years. Buy side experience of 12 years with Karma Capital. MBA from N. L. Dalmia Institute of Management Studies and Electronics Engineering from Vidyalankar Institute of Technology, Mumbai University.
Thomas J. Priju
Fund managerPortfolio Manager
Overall experience of 28 years including 25 years in capital markets and 14 years on the buy side. CFA (CFA Institute USA), Master of Management Studies from NMIMS, B.Com from R.A. Podar, University of Bombay, ICWA (Inter).
Rushabh Sheth
Co-Founder & Co-CIO
Overall buy side experience of over 30 years. 20 years with Karma Capital. Qualified Cost Accountant and Bachelor of Commerce from Sydenham College, University of Mumbai.
Nikhil P. Desai
Co-Founder & Co-CIO
Overall buy side experience of over 30 years. 20 years with Karma Capital. MBA from Virginia Tech and Bachelor of Commerce from Sydenham College, University of Mumbai.
Praveen Ladia
Chief Executive Officer
Overall experience of over 20 years. Masters in International Business from Indian Institute of Foreign Trade. Qualified Chartered Accountant and Company Secretary.
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.
Vinit Manek
FME Principal Officer, Karma Capital Managers IFSC Private Limited
Overall research experience of 10 years. 9 years with Karma Capital. Chartered Financial Analyst and Bachelors in Financial Market from Mumbai University.
Zubin Pruseth
Research Analyst
Overall research experience of 5 years. MBA in Finance from Welingkar Institute of Management Development and Research.
Tvisha Shah
Research Associate
CFA
Overall research experience of 3 years. Bachelor of Science in Finance (B.Sc Finance) from Narsee Monjee Institute of Management Studies (NMIMS).
Shardul Vikram Singh
Head - Risk and Compliance
Overall experience of 14 years. 9 years with Karma Capital. Company Secretary and Bachelor Degree in Law from Government Law College, Mumbai and Bachelor of Business Administration from Awadhesh Pratap Singh University.
Hardik Parikh
Head - Operations and IT
Sachin Pawar
Head - Finance and HR
Khushboo Patel
Compliance Officer, Karma Capital Managers IFSC Private Limited
Prashant Madan
Varun Singh
Rubal Agrawal
Anish Sawal
Manish Jeph
Ruchit Shah
Hitesh Tirthani
Jeet K Mehta
Bhakti Shah
Vaibhav Tendulkar
Meghan Dhamecha
Gaurav Gandhi
Tejal Castelino
Santosh Supal
Shashikant Sawant
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