Carnelian “The Shift” Strategy

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About Company

Carnelian is recognised for its ethics and knowledge. This founder of Carnelian investment advisors is Vikas khemeni, Manoj Bahety, Sachin jain and Swati Khemani to chase their interest in investing capital markets.Carnelian helps their clients in generating profits and preseversing their asset in most efficient possible way.

Carnelian thought process is to make sound judgement and make result successful over an extended period. Carnelian not only focuses on probability of outcome but also in risk management which makes them more reliable. (*Carnelian is a semi-valuable stone which represents inspiration, perseverance, authority and fortitude; it is accepted to achieve flourishing and shield from negative energies).

Fund Snapshot

Year of Inception 2020
Number of Stocks 18
Investment Horizon Long Term
Fund Managers Mr. Manoj Bahety

Investment Philosophy

  • Within Carnelian’s risk-reward system, the investment strategy is designed to invest in structural growth businesses run by great management at a reasonable valuation.
  • Believe that long-term investment success is the product of continuously making sound decisions. Good decisions are those that are taken “objectively, without prejudice,” taking into account “probability of result,” and assessing “risk reward.”
  • Carnelian prioritises capital preservation, so every organisation is subjected to Carnelian’s patented Transparent forensic testing system before being invested in. Believe in persistence and long-term vision. 

Unique Feature

Before spending money, they go through the unique forensic framework to explore the following: “CLEAR.”

C – Cashflow evaluation & Capital Allocation. No damns are given about earnings that aren’t linked to a cash flow conversion. Instead of relying on the amount of money coming in, they dig into the source of cash flow.

L – Underwriting Analysis, actual vs reported debt, contingent liability and likely future earnings implications

E – Analysis of Actual vs Expected Earnings, True Economic Profit vs Reported Profit, Discretionary vs non-discretionary profit

A – Asset Quality Analysis, Some worrisome points – huge built up in loans and advances, a large quantum of long duration inventories/receivables susceptible to value diminution, large payables are supporting large receivables/inventory, profits getting re-deployed in non-core/expensive/uncertain inorganic growth, profits getting into intangible assets/goodwill – without visibility of commensurate profitability, subsidiaries/JVs which require a constant infusion of profit without any visibility of returns.

R – Governance concerns of another company and related party transactions.

Carnelian Asset Management is an investment company that focuses on real estate and marketing as well.

About Fund Managers

Manoj Bahety, Founder

Manoj has over 20 years of broad and diversified financial services expertise with notable firms such as Edelweiss Securities, Morgan Stanley, RIL, and HPCL. He most recently worked as Dy. at Edelweiss Securities for 11 years. Head of Institutional Equity Research, as well as Head of Forensic, Thematic, and Mid Cap Research He is well-known for his distinct, non-consensus research and for pioneering forensic research, often known as “Analysis Beyond Consensus” (ABC research). ABC has assisted investors worldwide in making educated investment decisions based on genuine numbers rather than reported numbers, so avoiding traps (one of Carnelian’s qualities). Under his direction, mid-cap research has produced numerous multi-baggers, including VIP Industries, Supreme Industries, Balkrishna Industries, PI Industries, AIA Engineering, ICRA, Fag Bearing, SKF, and Gulf Oil. Manoj has served in a number of committees of the CFA Institute is the Chairperson of the India Advocacy Committee and a member of the global CDPC committee located in the United States. Manoj is a fitness fanatic who has been running marathons for the past eight years.

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For any queries, contact us on Mobile: +91 95616 10108, Landline: 020-48627339,Toll Free: 1800 210 1995, Email: [email protected]     Whatsapp-logo

Disclaimer: Investing Involves Risk. This document is for information purposes only and should not be viewed as a legal offering document or solicitation. Offers to invest in this fund are made only by the Discretionary Portfolio Management Services Agreement. Past performance does not guarantee future results and there is no assurance that the managed accounts will necessarily achieve their objectives. We do not guarantee any returns in the hand of investors not we take any sort of accountability for the performance of the scheme. The above-mentioned data is collected from the respected Fund house please verify the same at SEBI website.