Marcellus Rising Giants PMS


Key Portfolio Attributes

Mr. Saurabh Mukherjea
Mr. Ashvin Shetty

Inception Date: 13 August 2021

Number of Stocks: 15 - 20

Founder & CEO: Saurabh Mukherjea

Portfolio Manager's Name: Ashvin Shetty

Portfolio Manager's Qualification: B.Com from NMIMS, Mumbai. CA & CFA.

Portfolio Manager's Experience: 10+ years in Equity Research. He led the coverage on automobile sector at Ambit Capital from 2010 to 2017. He was ranked in Starmine Analyst Awards 2013 and 2016 for his stock picking abilities during this stint. He thereafter worked as a senior analyst for Ambit’s mid and small-cap portfolio management services till November 2018.

Investment Objective

High quality mid-sized companies have been amongst the largest wealth creators in Indian equities and Marcellus Rising Giants Portfolio is a portfolio focused in this space of quality mid caps companies in India in the USD 500m – 10 bn market cap range.

Investment Strategy

Marcellus Rising Giants PMS is a Concentrated 15-stock portfolios with the top 4 stocks accounting for around 40% of the portfolio. The next 5 (sizing ranks 5-10) stocks in Marcellus Rising Giants account for ~30% of the portfolio. Sizing ranks 11-15 account for the final 29% of the portfolio. Sizing in Marcellus Rising Giants is based on Longevity framework and forward EPS expectation of analysts.

 

For mid cap stock selection, by Marcellus Rising Giants, the basis of scoring is on ‘Longevity’ (moats, lethargy, succession planning) and EPS growth prospects. And for For small caps stock selection Marcellus Rising Giants follows a ‘Discovery’ framework i.e. growth accompanied by improving profitability and improving FCF thanks to barriers to entry.

 

Seven out of 15 Stocks in Marcellus Rising Giants are Aavas Financiers, Page Industries, L&T Technology Services, Info Edge, Dr Lal Path Labs, GMM pfaudler, Relaxo Footware.

Investment Philosophy

Marcellus Rising Giants PMS philosophy has its roots in the Marcellus’ Asset Managers Core Investment philosophy : –

Clean accounts and governance.

Strongly moated dominant companies in niche segments not yet well discovered by the market participants.

Strong track record of capital allocation with high reinvestment in the core business and continuous focus on adjacencies for growth.

 




Performance Table #


Trailing Returns (%) 1m return 3m return 6m return 1y return 2y return 3y return 5y return 10y return Since inception return
Portfolio-1.4%-9.0%-------12.9%
BSE 500-0.6%-0.4%------1.4%



Portfolio Holdings


Holding %

Sector Allocation


Holding %

Market Cap Allocation


Allocations %
Large Cap 18.0
Mid Cap 54.0
Small Cap 28.0
Cash 0.0

Disclaimer

#Returns as of 30 Apr 2022. Returns up to 1 Year are absolute, above 1 Year are CAGR.



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