{"url":"https://nivawealth.com/firms/karma-capital-advisors-pvt-335212","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/335212","regulatoryAum":632506121,"crd":"335212","secFileNumber":"801-134035","legalName":"Karma Capital Advisors PVT LTD.","displayName":"Karma Capital Advisors Pvt","slug":"karma-capital-advisors-pvt-335212","website":"https://karmacapital.co.in/","classification":{"segment":"institutions","segmentLabel":"Institutional","type":"institutional_asset_manager","typeLabel":"Asset manager","feeDisclosure":"payment_only"},"founded":null,"organization":"other (specify) organized in India","fiscalYearEnd":"March","headquarters":{"street":"Floor 12u, Suite I, Remi Commercio, Off Veera Desai Road, Andheri (W)","city":"Mumbai, Maharashtra","state":"","stateName":"","country":"India","postalCode":"400053"},"tradeNames":[],"registration":{"secApproved":"29 August 2025","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":159890.57671957673,"staff":{"employees":22,"advisory":7,"brokerDealerReps":0,"insuranceAgents":0,"promoters":163},"aum":{"regulatory":632506121,"discretionary":632506121,"discretionaryAccounts":205,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":95,"nonAumClients":1},"clientTypes":[{"label":"Individuals (other than HNW)","clients":189,"regulatoryAum":30219319},{"label":"Pooled investment vehicles","clients":1,"regulatoryAum":18615356},{"label":"Other investment advisers","clients":1,"regulatoryAum":0},{"label":"Sovereign wealth funds and foreign official institutions","clients":1,"regulatoryAum":579070130},{"label":"Corporations and other businesses","clients":14,"regulatoryAum":4601316}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"Icici Bank Limited","shortName":"Icici Bank Limited","location":"Mumbai","smaAssets":53435991},{"name":"Citi Bank N.A.","shortName":"Citi Bank N.A.","location":"Mumbai","smaAssets":579070130}],"custodyNote":"Karma Capital Advisors Pvt does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Praveen Ladia","title":"Chief Executive Officer","crd":"8305961"},{"name":"Shardul Singh","title":"Chief Compliance Officer","crd":"8121692"},{"name":"Priti Desai","title":"Director and Shareholder","crd":"8121690"},{"name":"Nikhil Desai","title":"Director and Shareholder","crd":"8121686"},{"name":"Praful Desai","title":"Shareholder","crd":"8121689"},{"name":"Malti Desai","title":"Shareholder","crd":"8121688"},{"name":"Rhea Sheth","title":"Shareholder","crd":"8121691"},{"name":"Rushabh Sheth","title":"Director and Shareholder","crd":"8121685"},{"name":"Heema Sheth","title":"Director and Shareholder","crd":"8121687"}],"ownership":[{"label":"Rushabh Sheth","detail":"Director and shareholder in the 25% to 50% ownership band and a control person, since December 2004."},{"label":"Nikhil Desai","detail":"Director and shareholder in the 25% to 50% ownership band and a control person, since December 2004."},{"label":"Heema Sheth","detail":"Director and shareholder in the 5% to 10% ownership band, since July 2014."},{"label":"Priti Desai","detail":"Director and shareholder in the 10% to 25% ownership band, since December 2004."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"912262327200","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":100}],"privateFunds":1},"sources":{"adv1FilingDate":"29 June 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/335212/PDF/335212.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Karma Capital Advisors Pvt have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Karma Capital Advisors Pvt offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Karma Capital Advisors Pvt use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Karma Capital Advisors Pvt have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Karma Capital Advisors Pvt invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Karma Capital Advisors Pvt?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Karma Capital Advisors Pvt get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Karma Capital Advisors Pvt?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 29 June 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}