Karma CapitalJasmine PMS: Returns, Portfolio & Fees

PMS · Equity · Multi Cap

Karma CapitalJasmine

Fund size₹31 Cr

IRRSince inception12.54%

1Y return3.93%

Fund age20 mo

Fund Manager

Vinaj Jain

Fund Manager, PMS, Karma

Vinay Jain joined Karma Capital in May 2013. Prior to joining Karma Capital, he worked with SS&C GlobeOp Financial Services Ltd in Valuations division for nine months where he was responsible for carrying out independent valuation analysis for non-OTC, illiquid and hard to value (HTV) securities for Hedge Fund and Pension Fund clients. As part of his Post Graduation Internship, he had worked with Karma Capital as a Management Trainee in May – June 2011. He has completed his MBA in Finance from University of Mumbai and has also done his B.E. in Electronics from University of Mumbai

Managing AUM₹31 Cr

Growth of₹Cr

Karma CapitalJasmine

Returns: How it has done

Scheme / Benchmark	YTD	1Y	2Y	3Y	5Y	Since inception
Karma CapitalJasmine	—	3.93%	—	—	—	12.54%
Nifty 500	−8.38%	5.70%	—	—	—	17.92%
Excess over benchmark	—	−1.77%	—	—	—	−5.38%

Returns up to one year are absolute; two years and above are annualised (CAGR). YTD is calendar-year-to-date. As on 30 Apr 2025.

Risk : What you take on to earn the return

Volatility

16.11%

Benchmark approx 15.17%

A standard deviation reflecting historical swings.

Sensitivity

0.95

Beta vs benchmark 1.00 · 5% less reactive

How strongly the scheme moves with the index.

Risk-reward

−0.06

Sharpe

Excess return gained per unit of volatility.

How far below its previous high it fell

Over the trailing 1Y window the scheme fell −18.02%. It has not yet recovered.

Max drawdowns

−18.02%

Scheme Drawdown Trajectory

Drawdown analysis	Peak	Trough	Depth	Fell over	Recovered	Recovery took
Scheme	–	–	−18.02%	–	–	–
Benchmark	30 Aug 2024	28 Feb 2025	−18.59%	182 days	–	–

Scheme

Peak–

Trough–

Depth−18.02%

Fell over–

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 1Y window · As on 30 Apr 2025

Portfolio Details : Where the money actually sits

Avg market cap

₹1.29 L Cr

Asset class

Equity

Market cap

Large cap38.36%

Mid cap16.86%

Small cap35.17%

Cash & others9.61%

As on 30 Apr 2025

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 15.00% gross return.

FixedPlan A · Simple

Fixed Management Fee2.50% / yr

Performance FeeNone

Hurdle RateNot applicable

VariablePlan B · Shared upside

Fixed Management Fee1.50% / yr

Performance Fee20% of profit

Hurdle RateAbove 10%

Exit load 1.00% within 1 year, nil after 2 years. Lock-in: Nil.

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