At Marcellus, our purpose is to make wealth creation simple and accessible
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 –
Clean Accounts
Our quantitative frameworks which use a combination of forensic accounting and capital allocation assessment define our investible universe.
Capital Allocation
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.
Competitive Advantage
Our experienced investment team through in-depth primary research constructs a portfolio of companies with deep competitive moats.
AUM
₹ 9511 Cr
Investors
7993
Average AUM
₹ 1.19 Cr
We hold companies for long periods of time which allows us to capture the magic of long-term compounding and deliver superior returns.
We don’t
Get swayed by short-term trends
Time the Market
Keep a watch on the tickers throughout the day
Make an exception to Marcellus 3C Filter
Our investment criteria
Each company in our portfolio goes through a rigorous and uncompromising filter before they are selected in our investment basket.
Invest with us
Consistent
Compounders
Our flagship PMS product that invests in companies with clean accounts, superior record of capital allocation and high barriers to entry.
Rising
Giants
Our flagship PMS product that invests in companies with clean accounts, superior record of capital allocation and high barriers to entry.
Little Champs
Small-cap strategy that invests in companies with excellent corporate governance and capital allocation track record and strong sustainable competitive advantages.
Kings of Capital
Our financials sector focused investment strategy with a portfolio banks, NBFCs, life and general insurers, asset managers and brokers.
MeritorQ
A rules-based approach to screen for companies with low leverage, consistent profitability and which pass the Marcellus’s quantitative forensic accounting framework.
Global Compounders
Invests in 20-30 deeply moated global companies based on rigorous bottom-up research around moats, capital allocation and sustainability of cash generation into the long-term future.
The Maths, Science and Art of Investing in Equities
Equity investing can be a complex business. The variables at play are...
Read OUR NEWSLETTERSWhat they don’t tell you about high P/E stocks
P/E multiples are deceptively damaging for anyone seeking long term...
VISIT OUR BLOGWhy investors should focus on free cashflows
Prefer watching to reading? Check out our webinars and videos here
WATCH OUR VIDEOS
The Coffee Can companies are the Rahul Dravids of the business world – rare, determined and constantly seeking to improve the edge or the advantage they enjoy vis-à-vis their competitors
-CCP Newsletter, Nov 2021
Meet our leadership team
Dive deeper into our philosophy
Over the years we've authored several books that reflect our thinking
Recent release
Diamonds in the Dust: Consistent compounding for extraordinary wealth creation
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.
Three longs and three shorts
Short Reads
Short read: Bringing up Vaibhav Suryavanshi – from net practice behind Samastipur home to IPL arclights
A month ago, a team from Marcellus visited the interiors of Bihar and was astonished to find not only a road network superior to that of Maharashtra (supposedly, one of India’s more developed states) but also high-quality sports facilities. Then a week ago we saw the 14-year Bihari prodigy astonish the world with a 35-ball […]
May 13, 2025 . 2 MIN READ
Short read: Avoid Unforced Errors and Stay Humble: Warren Buffett’s Leadership Lessons
Last weekend, we heard the inevitable – Warren Buffett announced his decision to step down as the chief of Berkshire Hathway later this year. Buffett’s contribution to the world of investing and business goes beyond the immense amount of wealth creation for Berkshire shareholders over several decades. As this piece in the WSJ shows, several […]
May 13, 2025 . 3 MIN READ
Short read: Pope Francis and the soul of economics: Rethinking global priorities
Plenty of tributes have poured in over the past three weeks celebrating the papacy of Pope Francis who passed away on 21st April. The tributes have focused on his progressive thinking about inclusivity, notably LGBTQ among others. This piece in the Business Standard focuses on his critique of the modern economy for having created inequality, […]
May 13, 2025 . 3 MIN READ
Long Reads
Long read: Manufacturing and war: Lessons from WW II
It is fashionable these days to say that “we want to go to war”. After all, that’s what real men like Vladimir Putin do. The punchline of this well researched blog by Yogesh Upadhyaya is that “If you go to war without a strong manufacturing base then God help you”. Why? Because in a prolonged […]
May 13, 2025 . 5 MIN READ
Long read: The great Indian GDP controversy needn’t have arisen
First the bad news. India is a country where the last census took place in 2011 when a quarter of the current population wasn’t even born. And India remains a country where corporate earnings are growing at single digits quarter-after-quarter even though the official statistics show that nominal GDP is growing at double digits. Now […]
May 13, 2025 . 4 MIN READ
Long read: The U-bend of life
This 15 yr old article got featured in The Economist’s Sunday edition of its daily newsletter a couple of weeks ago in the most read list, having been originally featured in the 2010 Christmas specials. And why not, the takeaways would surely bring Christmas cheer, particularly if you are over the hill. The article based […]
May 13, 2025 . 5 MIN READ
FAQs
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.
