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Volatility underscores diversification benefits

Since inception 15 months ago, Marcellus Multi-Asset PMS (MAP-Balanced) has outperformed its benchmark by 2.44% points and Nifty 500 TSR Index by 4.57% points (annualised, net of fees and expenses). At that time, Indian equities had run up significantly and seemed overvalued when macro growth had slowed, the earnings cycle had already peaked and risk […]


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Marcellus' Portfolio Updates & Insights - November 2025

  marcellus.in From Our CIO’s Desk The Long-Awaited Policy Response is Here The employment, wages and consumption slowdown that has played out in India post-Covid has now been recognised by India’s policymakers. Whilst their policy response has been substantive (especially with regards to boosting consumption, the mainstay of India’s economic growth), the structural issue of […]


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Four Mega Reforms Which Opened up Global Investing for Indians

Whilst the US stockmarket has been a mega wealth-creator for the past 15 years, until 2 years ago it was out of our reach as a range of legal & tax issues made it impractical for Indians to invest a big chunk of their networth abroad. However, 4 blockbuster reforms changed all of that. Investing […]


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