Carnelian AMC Appoints Rajkumar Dhiman as CEO
By Business Desk
Carnelian Asset Management appoints Rajkumar Dhiman as CEO for its new mutual fund venture after receiving final SEBI approval on July 22, 2026.
Carnelian Asset Management has appointed Rajkumar Dhiman as Chief Executive Officer for its new mutual fund venture. This move follows the firm’s receipt of final regulatory approval from the Securities and Exchange Board of India (SEBI) on July 22, 2026.
Key Figures in Carnelian’s Expansion
Carnelian currently manages over ₹18,300 crore in assets through existing portfolio management and alternative investment fund services.
The firm is now the 53rd asset management company to secure a license from SEBI, marking its entry into the expanding Indian mutual fund market.
Dhiman’s appointment is expected to be crucial for establishing the new mutual fund’s distribution network and retail reach. His extensive background in digital sales and marketing aligns with this strategic objective.
Rajkumar Dhiman’s Strategic Expertise
He previously served as Head of Digital and Marketing at Motilal Oswal Asset Management Company.
Dhiman also held significant roles at ICICI Prudential Asset Management and Reliance Nippon Life Asset Management.
His expertise in digital business development is anticipated to significantly aid the new mutual fund’s growth.
Established in 2019 by Vikas Khemani, Manoj Bahety, and Swati Khemani, Carnelian’s entry represents a strategic shift.
The company is moving from managing concentrated funds for high-net-worth individuals to offering products for a broader retail audience.
Carnelian’s Market Entry
The firm has secured regulatory approval from SEBI, allowing its entry into the mutual fund space.
This expansion aims to cater to a broader retail audience, moving beyond its previous focus on high-net-worth individuals.
This strategic move positions Carnelian within India’s continuously expanding mutual fund market.
Investors will closely monitor Carnelian’s product launch timeline and the specific focus of its initial mutual fund schemes.
The firm’s differentiation strategy will be key in India’s highly competitive asset management landscape.