Stories

Carnelian received final approval from the Securities and Exchange Board of India (SEBI) on July 22 to launch its mutual fund business.
M
Moneycontrol•23-09-2026, 19:16
Carnelian Mutual Fund Appoints Rajkumar Dhiman as CEO
  • •Carnelian Asset Management and Advisors has appointed Rajkumar Dhiman as CEO of its new mutual fund business, Carnelian Mutual Fund.
  • •Dhiman previously served as head of digital and marketing at Motilal Oswal Asset Management.
  • •He brings over 20 years of experience in the mutual fund industry, with prior roles at Nippon India Mutual Fund and ICICI Prudential Mutual Fund.
  • •His expertise includes business strategy, distribution, channel development, and digital transformation.
  • •Carnelian Asset Management, founded in 2019, manages over Rs 18,300 crore in assets and is expanding into the mutual fund industry, joining other recent entrants.

Key Questions Answered

Carnelian Asset Management and Advisors appointed former Motilal Oswal Asset Management executive Rajkumar Dhiman as the chief executive officer of its new mutual fund business.

Rajkumar Dhiman brings over 20 years of industry experience, having previously served as the head of digital and marketing at Motilal Oswal Asset Management. He also held digital sales and business roles at ICICI Prudential Mutual Fund, Nippon India Mutual Fund, and Reliance Capital Asset Management.

Carnelian Mutual Fund has recently filed draft documents with the regulator for its first set of funds, which include a Liquid Fund and a Small Cap Fund.