Securities and Exchange Board of India (SEBI) Approves Carnelian Asset Management to Launch Mutual Fund Business

Exam-focused facts from the 27 July 2026 current affairs briefing.

Key facts

The Securities and Exchange Board of India (SEBI) has granted approval to Carnelian Asset Management & Advisors to launch its mutual fund business.
Carnelian Asset Management currently manages over ₹18,300 crore in assets across Portfolio Management Services (PMS), Alternative Investment Funds (AIFs), and offshore investment strategies.
The company serves over 8,600 clients through a network of more than 710 partners as of June 30, 2026.
It was founded in 2019 by Vikas Khemani, Manoj Bahety, and Swati Khemani.
The domestic mutual fund industry had assets under management (AUM) of over ₹82 lakh crore as of June 30, 2026, with over 20 crore folios and around 10 crore active SIP accounts.