We do this by being trustworthy and transparent capital allocators. Our philosophy at Marcellus has evolved from the ideas of Kirby and Thiel, which we have refined further.
Our investing approach has three pillars –
Our quantitative frameworks which use a combination of forensic accounting and capital allocation assessment define our investible universe.
We look for companies with superior track record of capital allocation. We love companies that generate free cash flows and reinvest them in the business to fuel further growth.
Our experienced investment team through in-depth primary research constructs a portfolio of companies with deep competitive moats.
AUM
Investors
Average AUM
Each company in our portfolio goes through a rigorous and uncompromising filter before they are selected in our investment basket.
Our flagship PMS product that invests in companies with clean accounts, superior record of capital allocation and high barriers to entry.
Our flagship PMS product that invests in companies with clean accounts, superior record of capital allocation and high barriers to entry.
Small-cap strategy that invests in companies with excellent corporate governance and capital allocation track record and strong sustainable competitive advantages.
Our financials sector focused investment strategy with a portfolio banks, NBFCs, life and general insurers, asset managers and brokers.
Equity investing can be a complex business. The variables at play are...
Read OUR NEWSLETTERSP/E multiples are deceptively damaging for anyone seeking long term...
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Over the years we've authored several books that reflect our thinking
Recent release
by Saurabh Mukherjea, Rakshit Ranjan, Salil Desai
There are three reasons why reading Marcellus’ latest book will help those who are interested in the stock market: (1) Our guru, Sir John Kay’s Foreword will help you appreciate the basics of sensible investing in five minutes flat. (2) Accounting fraud in India is widespread and complex and this book will help you understand the principles of fraud detection.
Short Reads
For those of us who know a second language, turns out, we can alter our mindset by a conscious choice of language used to think depending on the circumstance, to make better decisions. In this article, David Robson, the author of the book “The Expectation Effect: How Your Mindset Can Transform Your Life”, cites research […]
Over the past decade Ian Cassell has become a celebrity microcap investor not least because of his superb “Intelligent Fanatics” series of books on great entrepreneurs and CEOs. In this blog, he explains the uselessness of macro forecasting from the perspective of an equity investor. In specific, he helps you understand how even if you […]
FT columnist Robert Shrimsley points out that the rise of social media, rather than creating a virtual commune where contesting ideas can be debated, has undermined the quality of political activism because “For a certain kind of activist, politics has been reduced to pure performance”. Mr Shrimsley notes that at a recent public event in England […]
Long Reads
For the past three decades, Michael Lewis has been amongst the best non-fiction writers in the world. For the past few years, Samanth Subramanian has been amongst the best young journalists in the world. So, when Samanth Subramanian writes about Michael Lewis, you know that you are bound to get great copy. This long piece […]
For several decades now it has been well understood that a country’s sporting success is a lagging indicator of its progress on economic & social indicators. Hence there is a lot to be proud about when we see India raking in 100+ medals at the latest edition of the Asian Games. However, amidst the national […]
This week saw the release of the movie ‘Dumb Money’, based on the meme stock mania of early 2021. The stimulus cheque induced stock market rally at a time when most people were home locked down sucked in many first-time investors. Social media where such rookie investors could share information and worse, make concerted bets […]
A Portfolio Management Service is a platform created especially for high net-worth individuals to provide customized solutions for their financial investment needs. Investment management solutions in a PMS can be provided in three ways – Discretionary Portfolio, Non-Discretionary Portfolio, Advisory Portfolio.
Portfolio Management Services are regulated by Securities and Exchange Board of India (SEBI) under PMS Regulations.
Yes. For investment in listed securities, an investor is required to open a new demat account in his/her own name.
The minimum ticket size applicable at the time of opening a new account, is the same as regulatory minimum of Rs. 50 lakhs.
