{
  "crd_number": 335212,
  "slug": "karma-capital-advisors-pvt-ltd-mumbai-maharashtra-335212",
  "primary_business_name": "KARMA CAPITAL ADVISORS PVT LTD.",
  "legal_name": "KARMA CAPITAL ADVISORS PVT LTD.",
  "dbas": [],
  "city": "Mumbai, Maharashtra",
  "state": null,
  "country": "India",
  "cbsa_code": null,
  "metro": null,
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2025-08-29",
  "years_registered": 1,
  "period": "2026-10-01",
  "filing_date": "2026-06-29",
  "carried_forward": false,
  "raum_total": 632506121.0,
  "raum_discretionary": 632506121.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 22,
  "advisory_employees": 7,
  "client_count_bucket": null,
  "clients_by_type": {
    "individuals": {
      "raum": 30219319.0,
      "count": 189
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 1
    },
    "pooled_investment_vehicles": {
      "raum": 18615356.0,
      "count": 1
    },
    "corporations_other_businesses": {
      "raum": 4601316.0,
      "count": 14
    },
    "sovereign_wealth_foreign_official": {
      "raum": 579070130.0,
      "count": 1
    }
  },
  "compensation_types": [
    "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": [],
  "websites": [
    "https://karmacapital.co.in"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/335212",
  "city_as_filed": "MUMBAI, MAHARASHTRA",
  "url": "https://advisorcensus.com/firm/karma-capital-advisors-pvt-ltd-mumbai-maharashtra-335212",
  "display_name": "Karma Capital Advisors PVT Ltd.",
  "summary": "Karma Capital Advisors PVT Ltd. is an SEC-registered investment advisory firm in Mumbai, Maharashtra, India, registered since 2025, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated June 29, 2026.",
  "citation": "AdvisorCensus. Karma Capital Advisors PVT Ltd. (CRD 335212): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "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 Karma Capital Advisors PVT Ltd. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Karma Capital Advisors PVT Ltd. reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "How much does Karma Capital Advisors PVT Ltd. charge?",
      "a": "Its Form ADV Part 2A brochure dated June 29, 2026 states: Asset-based fee: up to 2.5% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Karma Capital Advisors PVT Ltd. located?",
      "a": "Karma Capital Advisors PVT Ltd.'s principal office is in Mumbai, Maharashtra, India, according to its Form ADV."
    },
    {
      "q": "Is Karma Capital Advisors PVT Ltd. registered with the SEC or a state?",
      "a": "Karma Capital Advisors PVT Ltd. is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 335212."
    },
    {
      "q": "How much does Karma Capital Advisors PVT Ltd. manage?",
      "a": "Karma Capital Advisors PVT Ltd. reports $632,506,121 in regulatory assets under management in its Form ADV filing dated June 29, 2026 (100% discretionary)."
    },
    {
      "q": "What types of clients does Karma Capital Advisors PVT Ltd. serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (189); corporations or other businesses not listed above (14); pooled investment vehicles (other than investment companies and business development companies) (1)."
    },
    {
      "q": "Which custodians does Karma Capital Advisors PVT Ltd. use?",
      "a": "Karma Capital Advisors PVT Ltd.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Citi Bank N.A. and Icici Bank Limited as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Karma Capital Advisors PVT Ltd. 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/335212"
    },
    {
      "q": "What changed in Karma Capital Advisors PVT Ltd.'s recent Form ADV filings?",
      "a": "In the July 2026 filing data: Regulatory assets under management went from $742,002,674 to $632,506,121 (-15%). Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [],
  "recent_changes": [
    {
      "period": "2026-07-01",
      "period_label": "July 2026",
      "notes": [
        "Regulatory assets under management went from $742,002,674 to $632,506,121 (-15%).",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Newly registered with the SEC."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated June 29, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": "2.5% of assets a year",
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: up to 2.5% of assets a year (the maximum the brochure states)"
        ],
        "quotes": [
          "Asset-based fees for investment management range up to 2.5% annually. This fee is typically collected in arrears on a quarterly basis and is calculated as a percentage of the value of assets in a client’s account."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": 2.5,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "Asset-based fees for investment management range up to 2.5% annually. This fee is typically collected in arrears on a quarterly basis and is calculated as a percentage of the value of assets in a client’s account."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Citi Bank N.A.",
      "name_as_filed": "CITI BANK N.A.",
      "affiliated": false
    },
    {
      "name": "Icici Bank Limited",
      "name_as_filed": "ICICI BANK 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/karma-capital-advisors-pvt-ltd-mumbai-maharashtra-335212.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 189,
      "fewer_than_5": false,
      "raum": 30219319.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 1,
      "fewer_than_5": false,
      "raum": 18615356.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 1,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 1,
      "fewer_than_5": false,
      "raum": 579070130.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 14,
      "fewer_than_5": false,
      "raum": 4601316.0
    }
  ],
  "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/335212",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}