{ "crd_number": 335103, "slug": "carnelian-asset-management-and-advisors-private-limited-mumbai-maharashtra-335103", "primary_business_name": "CARNELIAN ASSET MANAGEMENT & ADVISORS PRIVATE LIMITED", "legal_name": "CARNELIAN ASSET MANAGEMENT & ADVISORS PRIVATE LIMITED", "dbas": [], "city": "Mumbai, Maharashtra", "state": null, "country": "India", "cbsa_code": null, "metro": null, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2026-05-11", "years_registered": 0, "period": "2026-10-01", "filing_date": "2026-05-11", "carried_forward": false, "raum_total": 1498860000.0, "raum_discretionary": 1498860000.0, "raum_non_discretionary": 0.0, "raum_band": "1b_5b", "raum_band_label": "$1 billion to $5 billion", "total_employees": 73, "advisory_employees": 4, "client_count_bucket": null, "clients_by_type": { "high_net_worth_individuals": { "raum": 954920000.0, "count": 4535 }, "pooled_investment_vehicles": { "raum": 543940000.0, "count": 5 } }, "compensation_types": [ "fixed", "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_businesses_institutional", "portfolio_management_individuals", "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "CA", "NH", "NJ", "NY", "TX" ], "websites": [ "https://carneliancapital.co.in", "https://facebook.com/carnelianasset", "https://in.linkedin.com/company/carnelianassetmanagement", "https://instagram.com/carnelianassetmanagement?igsh=dThkOHZwb3Z6andr", "https://x.com/carnelian_assets?s=21" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/335103", "city_as_filed": "MUMBAI, MAHARASHTRA", "url": "https://advisorcensus.com/firm/carnelian-asset-management-and-advisors-private-limited-mumbai-maharashtra-335103", "display_name": "Carnelian Asset Management & Advisors Private Limited", "summary": "Carnelian Asset Management & Advisors Private Limited is an SEC-registered investment advisory firm in Mumbai, Maharashtra, India, registered since 2026, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated May 11, 2026.", "citation": "AdvisorCensus. Carnelian Asset Management & Advisors Private Limited (CRD 335103): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Fixed fees (other than subscription fees)", "Performance-based fees" ], "advisory_activity_labels": [ "Portfolio management for individuals and/or small businesses", "Portfolio management for pooled investment vehicles (other than investment companies)", "Portfolio management for businesses (other than small businesses) or institutional clients" ], "quick_answers": [ { "q": "How is Carnelian Asset Management & Advisors Private Limited compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Carnelian Asset Management & Advisors Private Limited reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure." }, { "q": "Where is Carnelian Asset Management & Advisors Private Limited located?", "a": "Carnelian Asset Management & Advisors Private Limited's principal office is in Mumbai, Maharashtra, India, according to its Form ADV." }, { "q": "Is Carnelian Asset Management & Advisors Private Limited registered with the SEC or a state?", "a": "Carnelian Asset Management & Advisors Private Limited is an SEC-registered investment advisory firm, registered since 2026. Status as filed: Approved. CRD 335103." }, { "q": "How much does Carnelian Asset Management & Advisors Private Limited manage?", "a": "Carnelian Asset Management & Advisors Private Limited reports $1,498,860,000 in regulatory assets under management in its Form ADV filing dated May 11, 2026 (100% discretionary)." }, { "q": "What types of clients does Carnelian Asset Management & Advisors Private Limited serve?", "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (4,535); pooled investment vehicles (other than investment companies and business development companies) (5)." }, { "q": "Which custodians does Carnelian Asset Management & Advisors Private Limited use?", "a": "Carnelian Asset Management & Advisors Private Limited's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Nuvama Custodial Services Limited as a custodian holding 10% or more of its separately managed account assets." }, { "q": "Does Carnelian Asset Management & Advisors Private Limited report any disciplinary disclosures?", "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/335103" }, { "q": "What changed in Carnelian Asset Management & Advisors Private Limited's recent Form ADV filings?", "a": "In the June 2026 filing data: Newly registered with the SEC." } ], "filing_history": [], "recent_changes": [ { "period": "2026-06-01", "period_label": "June 2026", "notes": [ "Newly registered with the SEC." ] } ], "fees_from_brochure": null, "custodians": [ { "name": "Nuvama Custodial Services Limited", "name_as_filed": "NUVAMA CUSTODIAL SERVICES LIMITED", "affiliated": false } ], "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.", "markdown_url": "https://advisorcensus.com/firm/carnelian-asset-management-and-advisors-private-limited-mumbai-maharashtra-335103.md", "clients": [ { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 4535, "fewer_than_5": false, "raum": 954920000.0 }, { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 5, "fewer_than_5": false, "raum": 543940000.0 } ], "disclosure_line": "Reports no disclosure items on Form ADV Item 11.", "disclosure_items": [], "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/335103", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }