Achint Bhagat
Achint spent five years of his career as an equity research analyst and was part of the highly rated research team at Ambit Capital.
Achint has 10+ years of experience in the capital markets. He spent five years of his career as an equity research analyst and was part of the highly rated research team at Ambit Capital. He then moved to the US to help set-up Ambit’s equity sales presence in North America. At Marcellus, he will lead the sales and business development function in the Western Hemisphere.
Qualifications: Achint is a qualified Chartered Accountant and a CFA charter holder. He also holds Series 7 & and Series 63 certifications of FINRA.
Articles by team Marcellus
Global Compounders Portfolio: Maintaining Discipline amidst Pockets of Excess
Marcellus’ Global Compounders Portfolio (GCP) strategically invests in 25-30 deeply moated global companies aligned with megatrends, fostering a consistent mid to high teens compounding of free cash flow/earnings. In this newsletter, we present our perspective on valuations in the US market given that we do see signs of excess in S&P 500 valuations. However, these […]
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Slowing Growth + Rising Risks = Quality Lenders finally Outperforming
Loan growth for the banking sector has slowed down to 12% YOY from a peak of 16% and slippages for the higher risk retail lending segments are up anywhere between 2x – 6x vs FY24 levels. The increase in NPAs is a result of: (i) oversupply of credit in the post- Covid retail lending frenzy, […]
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The Brave New World of Middle-Class ‘Gigs’ in India
It seems clear that India has a couple of painful years ahead of it as it grapples with AI reducing the demand for labour in sectors which lie at the heart of middle-class income generation e.g., Financial Services, IT Services, Media and Manufacturing. However, it is also evident that technology is creating new jobs in […]
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