PMS · Equity · Multi Cap
Carnelian Capital - Contra Portfolio Strategy
Fund size₹136 Cr
Alpha (3Y)8.53%
3Y return22.90%
Fund age4 yrs 7 mo
Fund Manager
Growth of₹Cr
Carnelian Capital Contra Portfolio
Returns: How it has done
Scheme / BenchmarkYTD1Y2Y3Y5YSince inception
Carnelian Capital Contra Portfolio6.04%15.12%−1.48%22.90%—24.96%
Nifty 500−1.02%4.72%−0.11%12.08%—11.42%
Excess over benchmark7.06%10.40%−1.37%10.82%—13.54%
Returns up to one year are absolute; two years and above are annualised (CAGR). YTD is calendar-year-to-date. As on 31 Aug 2026.
Risk : What you take on to earn the return
Volatility
20.81%
Benchmark approx 14.80%
A standard deviation reflecting historical swings.
Sensitivity
1.25
Beta vs benchmark 1.00 · 25% more reactive
How strongly the scheme moves with the index.
Risk-reward
0.85
Sharpe
Excess return gained per unit of volatility.
Capture ratio
145 / 111
Upside / Downside Capture
Share of market gains captured versus losses absorbed.
How far below its previous high it fell
Over the trailing 3Y window the scheme fell −25.24% from its 30 Oct 2024 peak to a 28 Feb 2025 trough. It has not yet recovered.
Max drawdowns
−25.24%
Scheme Drawdown Trajectory
Drawdown analysisPeakTroughDepthFell overRecoveredRecovery took
Scheme30 Oct 202428 Feb 2025−25.24%121 days––
Benchmark30 Aug 202428 Feb 2025−18.59%182 days––
Scheme
Peak30 Oct 2024
Trough28 Feb 2025
Depth−25.24%
Fell over121 days
Recovered–
Recovery took–
Benchmark
Peak30 Aug 2024
Trough28 Feb 2025
Depth−18.59%
Fell over182 days
Recovered–
Recovery took–
The benchmark's peak, trough and recovery are read off its month-end curve; the scheme's row is measured on daily NAV. · Risk and drawdown use a trailing 3Y window · As on 31 Aug 2026
Portfolio Details : Where the money actually sits
Stocks
18
P/E ratio
27.00
P/B ratio
3.50
Dividend yield
1.00%
Avg market cap
₹3.49 L Cr
Asset class
Equity
Market cap
Large cap52.72%
Mid cap22.23%
Small cap19.51%
Cash & others5.54%
As on 31 Aug 2026
Fees
A fixed plan is cheaper when returns are strong. A performance plan costs less in lean years and shares the upside only when the fund beats a hurdle. Both cost the same at a 13.00% gross return.
FixedPlan A · Simple
Fixed Management Fee1.75% / yr
Performance FeeNone
Hurdle RateNot applicable
VariablePlan B · Shared upside
Fixed Management Fee1.00% / yr
Performance Fee15% of profit
Hurdle RateAbove 8%
Exit load 1.00% within 1 year, nil after 2 years. Lock-in: Nil.
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