Saurabh Mukherjea is a well-known figure in the Indian financial sector. He is the Founder and Chief Investment Officer of Marcellus Investment Managers, a firm he established in August 2018. Saurabh Mukherjea portfolio has a strong reputation in the financial industry.
Who is Saurabh Mukherjea?
Saurabh Mukherjea is a highly-rated equity strategist. He earned a BSc in Economics (with First Class Honors) and an MSc in Economics (with distinction in Macro and Microeconomics) from the London School of Economics. Mukherjea was the co-founder of Clear Capital in London and was rated as one of the top small-cap analysts in the UK by the Extel Survey in 2007. In India, he was rated as the leading equity strategist in 2015, 2016, and 2017 by the Asiamoney polls. These achievements made him a superstar investor.
Before founding Marcellus Investment Managers, Mukherjea was associated with Ambit Capital where he served as the CEO. During his tenure at Ambit, he played a significant role in the firm's growth as a broker and a wealth manager. When he left Ambit in June 2018, the assets under advisory were around $800 million.
Mukherjea's investment philosophy focuses on identifying and investing in companies with the potential to generate long-term wealth for clients.
Now let’s go through the Saurabh Mukherjea portfolio
Marcellus Investment Managers
Marcellus Investment Managers is an asset management firm founded by Saurabh Mukherjea in August 2018. The firm provides Portfolio Management Services (PMS) for higher returns while reducing risk levels. The company was approved by SEBI (Securities and Exchange Board of India) in October 2018. Here are some of the key products of Saurabh Mukherjea Marcellus portfolio:
- Consistent Compounders
- Kings of Capital
- Little Champs
- Rising Giants
Consistent Compounders
The Consistent Compounders portfolio by Marcellus Investment Managers focuses on investing in companies with a consistent history of high return on capital employed (ROCE) and strong growth. According to the latest data, it had an AUM (Assets Under Management) of ₹6468 crore.
CCP targets companies with proven track records of high ROCE and sustainable growth. The portfolio emphasizes the stability and predictability of returns. Investments are typically made with a long-term perspective in mind. A significant emphasis is placed on companies with clean accounting practices and good corporate governance.
Consistent Compounders has shown a 10-year return of 18.86% which indicates a strong performance over the long term. The portfolio's returns over different periods indicate its focus on steady and sustainable growth such as 1-year, 2-year, and since inception. The portfolio has outperformed the Nifty 50 TRI with a return of 15.72% compared to the Nifty 50 TRI's 6.85.
The CCP includes the following companies:
Titan Company Ltd.
Titan Company Ltd. is an Indian multinational conglomerate that operates in industries such as watches, jewelry, eyewear, and healthcare.
Page Industries Ltd.
Page Industries Ltd. is an Indian multinational company manufacturing and marketing a range of consumer goods such as detergents, soaps, and personal care products.
Kings of Capital
The Kings of Capital portfolio, managed by Saurabh Mukherjea’s portfolio invests in high-quality financial services firms in India. It had an AUM of ₹509 crore with a positive return performance. The portfolio specifically targets companies within the financial services sector including banks, non-banking financial companies (NBFCs), insurance companies, and other financial institutions.
Mukherjea prioritizes companies that lead their respective segments and demonstrate strong financial performance in his portfolio. A significant criterion for selection is the presence of strong corporate governance practices and transparent accounting.
The KCP has shown subdued returns over several months. Since its inception, its overall returns have been around 9.6%. Despite the underwhelming performance, the KCP continues to emphasize the importance of exemplary corporate governance, honest accounting, and high entry barriers for stock selection.
Kings of Capital includes the following companies:
Bajaj Finance Ltd.
Bajaj Finance Limited is a leading Indian non-banking finance company. It offers various financial products and services.
HDFC Bank Ltd.
HDFC Bank is one of the largest private sector banks in India. The bank provides various banking products and services.
Kotak Mahindra Bank Ltd.
Kotak Mahindra Bank Ltd. is a leading Indian private-sector bank. It offers a variety of financial products and services.
Little Champs
The "Little Champs" portfolio by Marcellus Investment Managers is a distinctive investment product that is designed to target high-quality small-sized companies that have the potential for significant growth. It had an AUM of ₹747 crore and has shown impressive returns.
The portfolio primarily invests in small-cap companies which are typically smaller in terms of market capitalization but have high growth potential. The selected companies are those with a proven track record of stable and high-quality earnings along with a clear path for future growth. A key criterion for selection is the presence of robust corporate governance practices and transparency in financial reporting.
Since August 2019, the Little Champs portfolio has shown impressive returns. It has consistently delivered 20%+ EBITDA growth resulting in superior and consistent long-term returns.
Little Champ's portfolio includes the following companies:
Aavas Financiers Ltd.
Aavas Financiers Ltd. is a retail-focused affordable housing finance company. The company provides housing loans to low and middle-income customers in semi-urban and rural areas.
Alkyl Amines Chemicals Ltd.
Alkyl Amines Chemicals Ltd. produces organic chemicals for pharmaceuticals, agrochemicals, and specialty chemicals.
V-Mart Retail Ltd.
V-Mart Retail Ltd. is a value retail chain that provides a wide range of products including apparel, footwear, and accessories, at affordable prices.
Fine Organic Industries Ltd.
Fine Organic Industries is a leading manufacturer of specialty additives used in the food, plastic, and cosmetics industries.
Rising Giants
The "Rising Giants" portfolio by Marcellus Investment Managers targets companies that are on the verge of becoming large-cap entities. It had an AUM of ₹458 crore and has shown positive returns. The portfolio specifically targets companies that are in the transition phase from mid-cap to large-cap and indicates substantial growth potential and market presence.
The selection emphasizes companies demonstrating consistent growth, stable earnings, and a strong competitive position in their respective industries. Strong governance and transparent accounting practices are crucial criteria for selection in the portfolio. Since its inception, The Rising Giants Portfolio has delivered a return of around 21%.
The Rising Giants Portfolio includes the following companies:
GMM Pfaudler Ltd.
GMM Pfaudler Ltd. is a leading supplier of process equipment to the pharmaceutical, chemical, and food industries.
Astral Poly Technik Ltd.
Astral Poly Technik Limited is a leading manufacturer of pipes and fittings for plumbing and drainage systems.
Final Words
Saurabh Mukherjea is a well-respected figure in the Indian financial sector. Established in August 2018, Marcellus Investment Managers focuses on Portfolio Management Services (PMS) with a research-driven approach. The Saurabh Mukherjea portfolio prioritizes high-quality companies with good governance. Other portfolios, like Kings of Capital, Little Champs, and Rising Giants target specific sectors and growth phases. Marcellus Investment Managers' commitment to sound investment practices is evident in its emphasis on stability, transparency, and long-term wealth creation.