Karma Capital India Fund

Stage focus

Public markets (listed)

Primary sector

Public markets (listed equity)

City

Mumbai

HQ / office

Mumbai, Maharashtra (Andheri West, off Veera Desai Road)

Fund registered

2018

Corpus (as reported)

~Rs 6,633 crore (firm-wide, PMS, as of May 2026); ~Rs 7,450 crore / USD 829 mn reported Sept 2024

Website

karmacapital.co.in

LinkedIn

Profile ↗

Karma Capital Advisors Pvt Ltd is a Mumbai-based independent investment management firm founded in 2005 by Nikhil Desai and Rushabh Sheth, specialising in listed Indian equities through PMS strategies (Wealth Builder, Magnolia, Lotus) and Category III AIFs. The registry email domain karmainvest.com did not resolve; the firm's confirmed live official site is karmacapital.co.in.

Listed Indian public equities (long-only, all market caps); disciplined bottom-up 'Growth at Reasonable Price' (GARP) philosophy. Offers Category III AIF and PMS.

Listed-equity Cat III AIF; minimum investment INR 1 Cr (SEBI floor) — not a startup/venture cheque

As compiled from public sources — verify with the investor.

SEBI AIF Category III — reported as “Cat III”

• IN/AIF3/18-19/0598

None found

Boutique firm; founders Rushabh Sheth & Nikhil Desai plus investment team (exact count not disclosed)

Karma Capital Advisors Pvt Ltd (est. 2005), SEBI-registered PMS & Investment Manager to Category III AIF (Karma Capital India Fund / Jasmine open-ended AIF); long-only listed Indian equities

What does Karma Capital India Fund invest in?

Listed Indian public equities (long-only, all market caps); disciplined bottom-up 'Growth at Reasonable Price' (GARP) philosophy. Offers Category III AIF and PMS.

What cheque size does Karma Capital India Fund write?

As compiled from public sources: Listed-equity Cat III AIF; minimum investment INR 1 Cr (SEBI floor) — not a startup/venture cheque

How do I pitch Karma Capital India Fund through iHub India?

Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.

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Public markets (Cat III)

2Point2 Capital Trust

Public markets (listed) · Public markets (listed equity) · Mumbai

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Public markets (Cat III)

31 Degrees North Fund

Public markets (listed) · Public markets (listed equity) · Ahmedabad

Acts as anchor investor in SME IPOs; per-deal anchor allocations vary, not a fixed disclosed chequeContact on file

Public markets (Cat III)

3P INDIA EQUITY FUND

Public markets (listed) · Public markets (listed equity) · Mumbai

Min investment INR 1 Cr (SEBI Cat III AIF minimum); HNI/UHNI listed-equity fund (no per-deal cheque concept)Contact on file

Public markets (Cat III)

AAA India Equity Fund

Public markets (listed) · Public markets (listed equity) · Mumbai

Contact on file

All Public markets (listed) investors →

• ⚑ hedge (Cat III); invests in listed public equities, not a startup/VC fund

Compiled from SEBI registrations and public sources as of 2026-07. iHub India lists investors neutrally and does not endorse, rank, or verify investment terms — confirm all details directly with the investor before transacting.

Sources: https://karmacapital.co.in/; https://karmacapital.co.in/contact-us/