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: Patna cops resort to lathi-charge against BPSC aspirants protesting ‘normalisation’, server issues
Two weeks ago our blog on the current predicament of the Indian middle class ended up triggering a debate on the floor of the Parliament (see https://marcellus.in/blogs/why-is-the-indian-middle-class-suffering/ ). However, politicians wagging their tongues in Delhi is not going to take the sting out of what is gradually developing into a financial crisis of significant proportions because without […]
Dec 16 . 2 MIN READ
Short read: 7 Lessons From 2024 for Investors
Charlie Bilello, an American wealth manager and advisor puts out a very useful weekly blog – The Week in Charts. In this year end piece, he gives us 7 timeless lessons to follow from a personal finance and investing perspective. We share two of them here: First, the futility of predictions basis how woefully wrong all expert investment […]
Dec 16 . 3 MIN READ
Short read: 25 years after the Matrix: Simulation theory more relevant than ever
A few weeks ago, we featured a piece from The Economist marking the 25th anniversary of the cult movie Fight Club and its increasing relevance in today’s world. This piece cites the 25th anniversary of yet another path breaking movie “ The Matrix” and how in the age of Artificial Intelligence and computing power, its simulation theory is more relevant than ever […]
Dec 16 . 2 MIN READ
Long Reads
Long read: ‘Her fans are making pilgrimages’: How Taylor Swift’s Eras Tour became a near-religious experience
The entertainment business had never seen anything like it. No other tour by a rock or pop star has generated so much economic activity in so many different continents or made so much money for the star at the centre of it all. For all of us who have not kept up with Taylor Swift’s […]
Dec 16 . 4 MIN READ
Long read: Are drug expiration dates meaningless?
If you are like us, this is a question which you have been asking yourself for many years but were too lazy to do the research necessary to answer the question. Thanks to Keren Landman, MD, your quest for getting a satisfactory answer to the question of how seriously to take drug expiry dates is […]
Dec 16 . 4 MIN READ
Long read: Manufacturing is a War now
Chris Miller’s fascinating book “Chip War” put semiconductor manufacturing prowess front and centre of global geo-politics. This brilliant blog by Noah Smith puts manufacturing muscle in general in the context of geo-political conflict, primarily between China and the US (and its allies). Over the past few decades, China emerged as a factory to the world. […]
Dec 16 . 4 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.
