Marcellus Global Equities Fund
The World's Leading Companies are Now Within Your Reach
Access our flagship Global Compounders Strategy now with a ticket as low as just USD 5,000.
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Fund Specifications
Subscription NAV
Redemption NAV
Total Expense Ratio
0.25 %
Exit Load
2%
Within 24 months from respective allotment dates
Benchmarks
Primary
S&P 500 NTR
Secondary
S&P WNT
Resources & Downloads
Everything you need to get started
Supporting Documents
Global Strategy
The Case for Global Diversification
Proven Markets
We primarily invest in the US and other developed global economies that have historically generated compounding dollar returns over long-term horizons.
Low Correlation
India shares a low correlation with the US; local economic events affect each market differently, creating natural diversification.
Reduced Risk
Combined, these markets could help reduce risk relative to returns, supporting a better risk-return profile.
Strategy
Inside the Portfolio
We invest in strong, well-established companies from developed markets like United States, Europe, Taiwan, Canada etc. - businesses that are hard to compete with and built to last. We find them through careful research and strict selection criteria and always invest with a clear focus on risk and fair value.
Neutral Arms Dealers
Semiconductor Equipment Makers
Companies that supply equipment used across global chip manufacturing. Their products are needed regardless of which chipmakers or end markets grow or decline.
Invisible Utilities
Enterprise Software & Cloud Platforms
Businesses that provide software and cloud services used daily by organisations. These products tend to have recurring revenues and high customer retention.
Luxury Consumption
Established Luxury Goods Companies
Companies in the luxury goods segment with recognised brands and a history of stable demand from a consistent customer base.
Leadership
Highly Accomplished Team with Proven Track Record
Arindam Mandal
Former Global Equities Portfolio Manager at Principal Global Investors (PGI), New York, and Engineering Leader at Oracle. Arindam brings rare cross-disciplinary expertise — marrying deep technology insight with global capital markets experience.
Jaibir Sethi
Principal and Head of Research, Public Markets at Premji Invest, and former Investment Analyst at CLSA. Jaibir's rigorous research pedigree underpins the fund's disciplined bottom-up stock selection process.
Prashant Mittal
A CFA holder with 16 years' experience across equity and fixed income; ex-Ambit strategist and Nomura analyst; MBA ISB, dual degree IIT Bombay.
Kalpesh Soni
Has 20+ years' capital markets experience; ex-broker-dealer manager; expertise in GIFT City exchanges; holds languages master's and BCFM, NCFM, NISM certifications.
How to get started
A simple, transparent path from onboarding to your first global equities investment.
Hover any step to explore
Both journeys end at the same destination - allotment within T+3 days.
FAQ
Got Questions? We have the answers
Disclaimer: The information set out below is included for general information purpose only and does not constitute taxation / legal advice. In view of the individual nature of the tax consequences, each investor is advised to consult his or her own tax / other consultant with respect to specific tax / other implications arising out of their participation in the scheme. Please note that Marcellus does not provide any tax / legal advice to the unit holders.
GIFT City
What is GIFT City?
GIFT City (Gujarat International Finance Tec-City), located in Gandhinagar, India, is the country's first International Financial Services Centre (IFSC) set up by the Central Government of India. GIFT City allows businesses to transact in foreign currencies, offering a global gateway for inbound and outbound investments.
GIFT IFSC has been set up primarily with an objective to encourage development and regulation of financial products, financial services and financial institutions in India. Investments in GIFT IFSC are regulated by a single unified regulator / authority, the International Financial Services Centres Authority (IFSCA), ensuring international standards of governance, investor protection, and regulatory transparency.
Who can invest abroad through GIFT City?
- Indian residents (including minors)
- Non-resident Indians (NRIs) and Overseas Citizens of India (OCIs)
- Fund of Funds
- Government bodies and institutions
- Corporates, LLPs and registered partnership firms
- Public Sector Undertakings (PSUs)
- Global development institutions & multilateral organisations
- Family offices and High Net Worth Individuals (HNIs)
- Institutional & Accredited Investors (as per IFSCA rules)
How can individuals invest abroad?
The Government of India's Liberalised Remittance Scheme (LRS) allows Resident Indian individual investors to invest up to USD 250,000 every financial year. The limit is reset at the start of every financial year.
How can corporates invest abroad?
The Government of India's Overseas Portfolio Investment route allows certain Indian entities to invest up to 50% of their net worth (based on the preceding financial year) or last audited balance sheet.
Investment Details
What is the minimum investment amount required in Marcellus Global Equities Fund?
Depending on the class of investment, the minimum initial subscription is:
| Class of Units | Minimum Initial Subscription | Total Expense Ratio (TER) | Additional Subscription |
|---|---|---|---|
| A (Direct) | USD 5,000 and above | Up to 1.25% | USD 2,000 |
| B (Regular) | USD 5,000 and above | Up to 2.00% | USD 2,000 |
*TER includes Management Fees and Setup / Operating expenses. It does not include trading & other associated costs.
Tax Implications
Are there any tax implications at the time of remittance for this fund?
20% TCS (Tax Collected at Source) is applicable on the amount exceeding INR 10 lakhs remitted towards this fund in a financial year. This can be set off against your annual tax liabilities in India.
What are the tax implications at the time of redemption?
No tax is payable by the investor at the time of redemption. The income would be taxed in the hands of the Fund when the income accrues or arises to the Fund and not at the time of distribution of income to the investors. The fund pays tax on the income at its end and may share a tax-paid certificate with the investor.
What is the tax rate applicable to the fund itself?
Here's a summary of the tax rates for the fund's global equity income:
| Type of Income | Tax Rate (including cess & surcharges) |
|---|---|
| Long Term Capital Gains (holding > 24 months) | 14.95% |
| Short Term Capital Gains (= 24 months) | 42.744% / 39% |
| Dividend / Income from units | 35.88% |
Would the income from the Fund be taxed in the hands of investors?
The Fund is subject to Indian taxes which will be discharged by the Fund and accounted in the NAV. Therefore, as tax is paid by the Fund on income accrued or arising to it, any distributions by the Fund or gains on redemptions should not be subject to further taxes in India in the hands of the investors.
However, in case of non-resident investors, taxation of distributions from the Fund in the country of their residence will be subject to the local taxation law in that country.
What are the tax implications in respect of Non-resident (NR) investors?
NRIs would be subjected to Indian taxes (which would be generally reflected through NAV) and any taxes outside India depending upon the tax laws prevailing in the country of residence. They may be subjected to taxes on investment in this Fund in their home country as well.
We would recommend NR investors to read and understand the tax implications before investing in this Fund. Marcellus Global Equities Fund may not be suitable to NRIs given this context.
How is the NAV computed? Is NAV pre-tax or post-tax?
The Net Asset Value of the Fund will be net of fees, expenses and taxes. NAV will be computed on a post-tax basis.
Post-tax NAV refers to the Net Asset Value after considering potential taxes an investor would pay if they sold their fund units, essentially reflecting the true take-home value of their investment, calculated by subtracting estimated capital gain tax from the regular NAV. The post-tax version helps investors see their actual potential profit after tax implications.
Operations
How can I invest in the Marcellus Global Equities Fund?
You can onboard with us through the digital journey from the website, or send us the filled application along with required documents to gift.retail@marcellus.in.
What is the TAT to open an account and start investing?
Normally, it takes 2–3 working days for the account to open.
How can I redeem my investments?
You can use the investor portal to log the redemption, or send the filled redemption form to gift.retail@marcellus.in.
Where will the redemption proceeds be remitted?
Redemption proceeds will be paid to the investor's designated / registered bank account. An investor can opt for repatriation into an INR account or a foreign currency account (like one in GIFT City), depending on the bank mandate and LRS provisions.
Note: For more detail on taxation please refer to the offer document.
Distributor
Who can distribute Marcellus Global Equities Fund?
Anyone empanelled with Marcellus IFSC branch as a distributor can distribute our Marcellus Global Equities Fund.
How do I empanel with Marcellus?
You can empanel with us by following the digital onboarding process available at this link.
How will Marcellus pay commissions?
Marcellus will pay trail commissions to empanelled distributors on a pre-determined frequency.