يحاول ذهب - حر
'30-40% correction in small & midcaps inevitable'
June 04, 2025
|Financial Express Bengaluru
Portfolio management services providers, Marcellus Investment Managers saw its assets under management drop 64%—from ₹12,700 crore to ₹4,700 crore—in three years.
Founder and chief investment officer Saurabh Mukherjea tells Nesil Staney the reasons behind the heavy erosion in its portfolio. He also speaks about the regulatory environment for PMS firms. Excerpts:
What are the best performing funds of Marcellus?
In 2022, we built a team to invest in developed markets, and it launched the Global Compounders Portfolio in October that year. The portfolio has compounded at 24.09% in INR terms net of all fees and costs, compared with returns of 17.66% for the benchmark.
We also built a team which would apply quantitative techniques to our house philosophy of investing in clean and well-managed companies available at sensible valuations. In November 2022, that team launched the MeritorQ portfolio, which has delivered 16.56%, versus 15.55% for the benchmark.
Your fund’s AUM dropped 64%—from ₹12.7k crore to ₹4.7k crore—in three years. Why?
هذه القصة من طبعة June 04, 2025 من Financial Express Bengaluru.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من Financial Express Bengaluru
Financial Express Bengaluru
When ease of doing business aids tunnelling
When promoters are unchallenged and minority investors lack strength, materiality thresholds become the only reliable brake on tunnelling
3 mins
January 08, 2026
Financial Express Bengaluru
Govt to rev up auto parts sector with ₹5K-cr push
Scheme to focus on export-oriented, high-value gear
1 min
January 08, 2026
Financial Express Bengaluru
B’desh talks defence deal with Pakistan
THE AIR FORCE chiefs of Pakistan and Bangladesh held talks on a potential pact covering the sale of JF-17 Thunderfighter jets to Dhaka, Pakistan’s military said, as Islamabad widens its arms supply ambitions and beefs up ties with Bangladesh.
1 min
January 08, 2026
Financial Express Bengaluru
Aditya Birla AMC sees 12% return from equities
LARGE-CAPS BETTER POSITIONED
2 mins
January 08, 2026
Financial Express Bengaluru
‘Expect ₹6L-cr equity capital raise in 2026’
Equity capital raising is likely to rebound to ₹ 6 lakh crore and M&A activity may climb to $135 billion in CY2026, S Ramesh, MD & CEO of Kotak Investment Banking, tells Kshipra Petkar and Mahesh Nayak in an interview. Geopo- litical risks, however, could briefly shut market windows even as long-term activity stays resilient, he says. Excerpts:
3 mins
January 08, 2026
Financial Express Bengaluru
Chevron, Quantum eye $22-bn Lukoil assets
CHEVRON AND PRIVATE equity group Quantum Energy Partners will join forces to buy the international assets of sanctioned Russian oil company Lukoil PJSC, according to FT.
1 min
January 08, 2026
Financial Express Bengaluru
Exporters risk losing US summer orders as trade talks linger
RACE AGAINST TIME
3 mins
January 08, 2026
Financial Express Bengaluru
Muthoot Microfin plans to raise $200 mn via ECBs
MUTHOOT MICROFIN PLANS to raise around $200 million through external commercial borrowings (ECB), with the transaction likely to be executed in March or April, as the lender looks to secure longterm funds for its growth plans.
1 min
January 08, 2026
Financial Express Bengaluru
xAI gets $20 bn funding with Nvidia backing
ELON MUSK'S ARTIFICIAL intelligence company, xAl, said on Tuesday that it had raised $20 billion from investors to fund its expansion in the race to train the most intelligent chatbot.
1 min
January 08, 2026
Financial Express Bengaluru
Rupee rises 29 paise to 89.89 on RBI intervention
THE RUPEE ENDED higher for second consecutive session on Wednesday on likely dollar sales from state-run banks, which traders said could be on behalf of the central bank, helping reverse the pressure from slightly softer Asian cues.
1 mins
January 08, 2026
Listen
Translate
Change font size