# Karma Capital Advisors

Karma Capital Advisors is an Asset Manager based in Mumbai, India.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Mumbai, India
- **Region:** Asia
- **Address:** Mumbai, Maharashtra, India
- **Founded:** 2002
- **Assets under management:** Undisclosed
- **Website:** karmacapital.in

## Regulatory record

- **CRD number:** 335212
- **SEC file number:** 801-134035
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/335212

## About

KARMA CAPITAL ADVISORS PVT LTD. is an SEC-registered investment adviser in Mumbai, Maharashtra, since 2025. The firm manages approximately $742 million in regulatory assets. It employs 27 staff and 7 investment advisers.

## Sectors

- Financial Services
- Consumer
- Technology
- Healthcare

## People

- Nandita Parker — Managing Partner
- Vikram Kotak — Co-Founder & Chief Investment Officer

## Questions

### Who makes investment decisions at Karma Capital Advisors?

Vikram Kotak, Co-Founder and Chief Investment Officer, leads the investment function. The firm operates with a small, partnership-based team and does not use traditional portfolio committees. Decisions are driven by bottom-up, on-the-ground research rather than macro-top-down allocation calls.

### Does Karma charge a fixed management fee?

No. Karma Capital Advisors was structured as a partnership in 2010 and charges only performance fees on its flagship vehicle (per the firm's official communications). There is no annual management fee, which is an uncommon structure among Indian-listed equity managers.

### What is the firm's investment universe?

Karma focuses exclusively on publicly listed Indian equities, specifically in the small and mid-cap segments. The firm runs a concentrated portfolio of 15–25 names. It does not invest in private equity, venture capital, fixed income, or derivatives.

### How does Karma source investment ideas?

The firm relies on primary, on-the-ground research conducted by its Mumbai-based team. Karma's CIO, Vikram Kotak, spent his early career covering under-researched Indian companies at First Global, and the firm's process remains rooted in identifying mispriced, overlooked businesses through direct company engagement and local channel checks.

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- [Magnet Ventures](https://altss.com/profile/magnet-ventures)
- [Desai Wealth](https://altss.com/profile/desai-wealth-llc)

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Last updated: 2026-06-03T20:00:00.000Z

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