Ashvin Shetty, CFA
Ashvin is one of the Founders of Marcellus.
He has more than 10 years of experience in equity research and led the coverage on automobile sector at Ambit Capital.
Ashvin has more than 10 years of experience in equity research. He led the coverage on automobile sector at Ambit Capital from 2010 to 2017. He thereafter worked as a senior analyst for Ambit’s Mid and Small cap PMS funds till November 2018. Prior to joining Ambit, he worked with Execution Noble as an analyst covering consumer and media space. He has also worked with KPMG’s and Deloitte’s statutory audit departments from 2004 to 2007 gaining extensive experience across Indian accounting standards and financial statement analysis.
Qualifications: Ashvin is a BCom graduate from Narsee Monjee College (Mumbai). He is a qualified Chartered Accountant (ICAI India) and Chartered Financial Analyst (CFA Institute, USA).
Articles by team Marcellus
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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What can we learn from the first investor to diversify globally?
“He taught us that in order to find the best investment opportunities, you must open your mind to all possibilities around the world.” – Mark Mobius on his mentor, Sir John Templeton Sir John Templeton (Source: John Templeton Foundation) Our brain’s craving for dopamine makes diversification really hard. If you have made money on an […]
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