Karma Capital
Karma Capital is a Mumbai-based boutique portfolio management firm, established in 2005 by two experienced portfolio managers who continue to own and manage the business. The firm offers like-minded investors and their advisors actively managed access to listed Indian equities, with the goal of delivering superior long-term returns. It manages approximately INR 6,500 crores (USD 760 million as of March 31, 2025) for institutional and individual investors across India and globally. Karma Capital operates as an employee-owned entity, free from conflicts of interest, with a sole focus on asset management. Its investment approach is long-term and patient, leveraging an in-house, bottom-up, fundamental research process, underpinned by an experienced research team and an ESG-aware framework tailored to the Indian market. The firm has built credibility through consistent philosophy, disciplined decision-making, and strong performance across market cycles.