Karma Capital Advisors Pvt provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, and portfolio management for institutions. The firm advises 1 private fund.
Karma Capital Advisors Pvt reports 206 clients. They include 189 individuals, 14 corporations and other businesses, and 1 pooled investment vehicle. Of its assets, 100.0% ($633M across 205 accounts) are managed with discretion. Of its clients, 95% are outside the U.S. It advised 1 client without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 92% | 5% |
| Pooled investment vehicles | <1% | 3% |
| Other investment advisers | <1% | 0% |
| Sovereign wealth funds and foreign official institutions | <1% | 92% |
| Corporations and other businesses | 7% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 189 | $30.2M | 4.8% | $160K |
| Pooled investment vehicles | 1 | $18.6M | 2.9% | $18.6M |
| Other investment advisers | 1 | $0 | 0.0% | $0 |
| Sovereign wealth funds and foreign official institutions | 1 | $579M | 91.6% | $579M |
| Corporations and other businesses | 14 | $4.6M | 0.7% | $329K |
| Total | 206 | $633M | 100% | $3.07M |
- Clients
- 189
- Regulatory AUM
- $30.2M
- AUM share
- 4.8%
- Avg. per client
- $160K
- Clients
- 1
- Regulatory AUM
- $18.6M
- AUM share
- 2.9%
- Avg. per client
- $18.6M
- Clients
- 1
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- $0
- Clients
- 1
- Regulatory AUM
- $579M
- AUM share
- 91.6%
- Avg. per client
- $579M
- Clients
- 14
- Regulatory AUM
- $4.6M
- AUM share
- 0.7%
- Avg. per client
- $329K
Total
- Clients
- 206
- Regulatory AUM
- $633M
- AUM share
- 100%
- Avg. per client
- $3.07M
- Clients outside the U.S.
- 95%
- Clients advised without assets under management last fiscal year
- 1
- Private funds advised
- 1
Karma Capital Advisors Pvt is paid through a percentage of assets under management and performance-based fees; its fees and minimums are set out in its brochures on the SEC website.
Rushabh Sheth owns 25% to 50% of Karma Capital Advisors Pvt. Praveen Ladia is CEO; the leadership team includes Chief Compliance Officer Shardul Singh. It has 22 employees, 7 of them in advisory roles.
Leadership
- Praveen LadiaChief Executive Officer
- Shardul SinghChief Compliance Officer
- Priti DesaiDirector and Shareholder
- Nikhil DesaiDirector and Shareholder
- Praful DesaiShareholder
- Malti DesaiShareholder
- Rhea ShethShareholder
- Rushabh ShethDirector and Shareholder
- Heema ShethDirector and Shareholder
Staff
- 22 employees
- 7 in advisory functions
- 163 soliciting firms
- Owns 25% to 50% of Karma Capital Advisors PVT LTD.
Rushabh Sheth
Control person · since December 2004
- Owns 25% to 50% of Karma Capital Advisors PVT LTD.
Nikhil Desai
Control person · since December 2004
- Owns 10% to 25% of Karma Capital Advisors PVT LTD.
Priti Desai
since December 2004
- Owns 5% to 10% of Karma Capital Advisors PVT LTD.
Heema Sheth
since July 2014
Besides its headquarters, Karma Capital Advisors Pvt has 0 offices, with 1 listed address with no US state reported.
Contact and registration details
- Legal name
- Karma Capital Advisors PVT LTD.
- Headquarters
- Floor 12u, Suite I, Remi Commercio, Off Veera Desai Road, Andheri (W), Mumbai, Maharashtra, India 400053
- Website
- karmacapital.co.in
- Phone
- 912262327200
- SEC file
- 801-134035
- Structure
- other (specify) organized in India
- Fiscal year end
- March
Karma Capital Advisors Pvt uses Citi Bank N.A. ($579M, 92%) and Icici Bank Limited ($53.4M, 8%) as custodians for its separately managed accounts. Karma Capital Advisors Pvt does not have custody of client assets.
- Icici Bank LimitedIcici Bank Limited · Mumbai · $53.4M8%
- Citi Bank N.A.Citi Bank N.A. · Mumbai · $579M92%
At year end, Karma Capital Advisors Pvt’s separately managed accounts were mostly in stocks (100%).
What the accounts hold
- Stocks100%
How many clients does Karma Capital Advisors Pvt have?
Karma Capital Advisors Pvt has 206 clients and manages $633 million for them, as of June 2026. They include 189 individuals, 14 corporations and other businesses, and 1 pooled investment vehicle.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 29 June 2026
What services does Karma Capital Advisors Pvt offer?
Karma Capital Advisors Pvt provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Karma Capital Advisors Pvt use?
Karma Capital Advisors Pvt’s separately managed account assets are held at Citi Bank N.A. (Mumbai), with $579M and Icici Bank Limited (Mumbai), with $53.4M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 29 June 2026
How many financial advisors does Karma Capital Advisors Pvt have?
Karma Capital Advisors Pvt has 0 investment adviser representatives registered with state securities authorities, out of 22 employees, and 7 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Karma Capital Advisors Pvt invest in?
At the end of its last fiscal year, Karma Capital Advisors Pvt’s separately managed accounts held 100% exchange-traded equities. It advises 1 private fund.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Karma Capital Advisors Pvt?
Karma Capital Advisors Pvt’s direct owners are Rushabh Sheth, Nikhil Desai, Heema Sheth and Priti Desai, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 29 June 2026
How does Karma Capital Advisors Pvt get paid?
Karma Capital Advisors Pvt is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Karma Capital Advisors Pvt?
Karma Capital Advisors Pvt’s main office is at Floor 12u, Suite I, Remi Commercio, Off Veera Desai Road, Andheri (W), Mumbai, Maharashtra, India 400053. Its phone number is 912262327200. Its website is karmacapital.co.in.