Marcellus Investment Managers Pvt Ltd – Portfolio Management Services (PMS)

Marcellus purpose is to influence efficient capital allocation in the Indian economy, doing this by channeling household savings towards high quality companies with long track records of efficient capital allocation, who in turn deliver superior returns to savers. Quantitative frameworks which use a combination of forensic accounting and capital allocation assessment define investible universe. Experienced investment team through in-depth primary research constructs a portfolio of companies with deep competitive moats, then hold these companies for long term with low churn or no churn which allows to create long term compounding returns.

AUM (₹ Cr)

3264.73

Clients

2603

Strategies

6

As On

31 December 2025

Investment Strategies & Performance

Portfolio Management Services (PMS)

Marcellus Investment Managers Pvt Ltd Portfolio Management Services (PMS) - Performance Returns
Strategy Category 1Y 3Y 5Y Inception
Consistent Compounders Large Cap 2.47% 7.14% 6.22% Dec 2018
Little Champs Mid Cap -4.37% -0.90% 5.19% Aug 2019
Kings of Capital Large Cap 10.97% 11.72% 6.62% Jul 2020
Rising Giants Portfolio Mid Cap -1.18% 7.41% Dec 2021
Meritor Q Multi Cap & Flexi Cap -0.39% 17.14% Nov 2022

Past performance is not indicative of future results. Returns are subject to market risks.

Alternative Investment Funds (AIF)

Marcellus Investment Managers Pvt Ltd Alternative Investment Funds (AIF) - Performance Returns
Strategy Category 1Y 3Y 5Y Inception

Rising Giants

Mid Cap -3.85% 7.10% Aug 2021

AIF investments carry market risks. Please read scheme documents carefully.

Portfolio Managers & Fund Management Team

Mr. Ashvin Shetty

Fund Manager

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 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 PMS funds till November 2018.

Mr. Rakshit Ranjan

Fund Manager

Rakshit spent 6 years (2005-2011) covering UK equities with Lloyds Bank (Director, Institutional Equity Research) and Execution Noble (Sector Lead analyst). During these six years, he was ranked amongst the top-3 UK Insurance analysts (Thomson Reuters Extel survey) in the mid-cap space. Since 2011, Rakshit led Ambit Capital’s consumer research franchise which got voted as No.1 for Discretionary Consumer and within top-3 for Consumer Staples in 2015 and 2016. He launched Ambit’s Coffee Can PMS in Mar’17 and managed it till Dec’18. Under his management, Ambit’s Coffee Can PMS was one of India’s top performing equity products during 2018.Qualifications :Rakshit has a B.Tech from IIT (Delhi) and is a CFA charter holder.

Mr. Saurabh Mukherjea

Chief Investment Officer

Saurabh is the former CEO of Ambit Capital and played a key role in Ambit’s rise as a broker and a wealth manager. When Saurabh left Ambit in June 2018, assets under advisory were $800mn. Saurabh has written three bestselling books: Gurus of Chaos (2014), The Unusual Billionaires (2016) and "Coffee Can Investing: The low risk route to stupendous returns" (2018). Prior to turning around Ambit, Saurabh was a co-founder of Clear Capital, a London based small-cap equity research firm which he and his co-founders created in 2003 and sold in 2008. Qualifications : Saurabh is a CFA charter holder with a BSc in Economics (with First Class Honours) from the London School of Economics. He also has a MSc in Economics (with distinction in Macroeconomics & Microeconomics) from the same institution. In India, Saurabh is a SEBI-registered Research Analyst and he has also passed the SEBI’s approved exams for Investment Advisors. In 2018, upon SEBI’s invitation, Saurabh joined SEBI’s Asset Management Advisory Committee.

Mr. Tej Shah

Fund Manager

Prior to joining Marcellus, Tej worked at Mayfield, a Silicon Valley headquartered venture capital fund which manages $3Bn globally and $220Mn in India. Tej spent 2 years as a part of Mayfield India’s investment team covering multiple sectors and being at the centre of India’s evolving venture ecosystem. Prior to Mayfield, Tej was a part of the equity and capital markets team of Ambit Capital where he worked on executing IPOs, QIPs and buybacks.

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Regulatory Information

SEBI Registration: INP000006183

Registered Office: Flat No. 602, Tower 1 Odyssey ,Hiranandani Gardens, Powai,Mumbai,Maharashtra,India-400076

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Last Updated: December 2025 · Published by Affluense AI (affluense.ai)