# Karma Capital Advisors PVT Ltd.

> 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.

- CRD: 335212
- Filed as: KARMA CAPITAL ADVISORS PVT LTD.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Mumbai, Maharashtra, India
- Filing period: October 2026
- Form ADV filing dated: June 29, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/335212
- AdvisorCensus page: https://advisorcensus.com/firm/karma-capital-advisors-pvt-ltd-mumbai-maharashtra-335212

## Quick answers

**How is Karma Capital Advisors PVT Ltd. compensated?**
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.

**How much does Karma Capital Advisors PVT Ltd. charge?**
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.

**Where is Karma Capital Advisors PVT Ltd. located?**
Karma Capital Advisors PVT Ltd.'s principal office is in Mumbai, Maharashtra, India, according to its Form ADV.

**Is Karma Capital Advisors PVT Ltd. registered with the SEC or a state?**
Karma Capital Advisors PVT Ltd. is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 335212.

**How much does Karma Capital Advisors PVT Ltd. manage?**
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).

**What types of clients does Karma Capital Advisors PVT Ltd. serve?**
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).

**Which custodians does Karma Capital Advisors PVT Ltd. use?**
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.

**Does Karma Capital Advisors PVT Ltd. report any disciplinary disclosures?**
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

**What changed in Karma Capital Advisors PVT Ltd.'s recent Form ADV filings?**
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).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated June 29, 2026)

- Asset-based fee: up to 2.5% of assets a year (the maximum the brochure states)

> 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.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Citi Bank N.A.
- Icici Bank Limited

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.

### Regulatory assets under management (Item 5.F)
- Total: $632,506,121
- Discretionary: $632,506,121
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 189 | $30,219,319 |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $18,615,356 |
| Other investment advisers | 1 | $0 |
| Sovereign wealth funds and foreign official institutions | 1 | $579,070,130 |
| Corporations or other businesses not listed above | 14 | $4,601,316 |

### Advisory services (Item 5.G)
- 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

### Firm details
- Registered since: 2025 (1 year)
- Employees: 22 total, 7 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- karmacapital.co.in

## Changes in the filing (last 12 months)

### July 2026
- Regulatory assets under management went from $742,002,674 to $632,506,121 (-15%).
- Updated its list of owners and control persons (Schedule A).

### December 2025
- Newly registered with the SEC.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Karma Capital Advisors PVT Ltd. (CRD 335212): Form ADV filing data as of October 2026.