carnelian.
yellow-red chalcedony variety, used as a semi-precious gemstone
Carnelian Asset Management Secures SEBI Mutual Fund Approval
Carnelian Asset Management & Advisors has secured SEBI approval to launch a mutual fund business, enabling it to offer active and passive funds across equity, debt and hybrid categories to retail investors, alongside its PMS, AIFs and offshore strategies. With over ₹18,300 crore in AUM and 8,600+ clients served via 710+ partners as of June 30, 2026, the firm positions itself to capitalize on India's expanding mutual fund industry, which totals over ₹82 lakh crore AUM and tens of millions of folios and SIPs, while founder Vikas Khemani emphasizes deeper penetration beyond metros and growth opportunities in rural India.
Finance · 6 sources · Jul 22, 2026Read itThe journal
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About carnelian
Carnelian is a brownish-red mineral commonly used as a semiprecious stone. Similar to carnelian is sard, which is generally harder and darker; the difference is not rigidly defined, and the two names are often used interchangeably. Both carnelian and sard are varieties of the silica mineral chalcedony colored by impurities of iron oxide. The color can vary greatly, ranging from pale orange to an intense almost-black coloration. Significant localities include Yanacodo, Peru and Ratnapura, Sri Lanka. It has been found in Indonesia, Brazil, India, Iran, Russia (Siberia), and Germany.
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