Marcellus Curation Portfolio
Marcellus’ Curation Portfolio is a flexi-cap portfolio focused on investing in high-quality, well-managed Indian companies that are positioned to deliver healthy growth over the long term.
Overview
Marcellus’ Curation is a flexi-cap portfolio focused on investing in high-quality, well-managed Indian companies that are positioned to deliver healthy growth over the long term. The strategy invests across various sectors and market capitalizations. Within the portfolio, smaller cap investments are oriented towards discovering high-quality, well-managed Indian companies early in their growth journey, while larger cap holdings provide stability, particularly during periods of market downturn.
Our selection process is rigorous and multi-layered:
- Forensic Filter: The initial step involves filtering companies from the listed universe based on potential red flags identified through our in-house forensic accounting framework, helping us avoid businesses with questionable practices.
- Capital Allocation Assessment: As a second step, we identify and exclude companies that have historically demonstrated a lack of consistency and prudence in their capital allocation decisions.
- Deep-Dive Research: This involves conducting in-depth analysis of companies that pass our forensic and capital allocation filters. This research aims to thoroughly understand the fundamental drivers of their competitive advantages and their capital allocation strategies in sustaining existing competitive advantages, developing new revenue growth drivers, and their capacity for significant innovation or disruption within their operating paradigm.
We use this process to narrow down on an investable universe of stocks. We then construct a portfolio of 15-30 undervalued stocks from this universe with the objective of compounding capital at a healthy rate over the long term.
Fee Structure
Marcellus offers Curation Portfolio with ZERO entry load/exit load and with no lock-in. We offer two fee structures:
| Regular Plan | Direct Plan | |||||
|---|---|---|---|---|---|---|
| Fixed | Variable | Hurdle | Fixed | Variable | Hurdle | |
| Fixed only | 2.50% | 0% | NA | 2% | 0% | NA |
| Variable only | NA | NA | NA | NA | NA | NA |
| Hybrid | 1.50% | 15% | 10% | 1.25% | 15% | 10% |
* High water mark applies for performance fees Minimum investment: INR 50 lac
PERFORMANCE
Performance as on 31st July 2025 (figures in %)
*For relative performance of particular Investment Approach to other Portfolio Managers within the selected strategy, please refer https://www.apmiindia.org/apmi/WSIAConsolidateReport.htm?action=showReportMenu. Under PMS Provider Name please select Marcellus Investment Managers Private Limited and select your Investment Approach Name for viewing the stated disclosure. Performance data shown is net of fixed fees and expenses charged till June 30, 2025 and is net of annual performance fees (Except for Little Champs Portfolio) charged for client accounts whose account anniversary/performance calculation date falls upto the last date of this performance period. Since, for Little Champs Portfolio, performances fees are charged on cumulative gains at the third anniversary, of the respective client account, the effect of the same has been incorporated for client accounts whose third account anniversary falls upto the last date of this performance period. Performance data is not verified either by Securities and Exchange Board of India or U.S. Securities and Exchange Commission.
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