Saurabh Mukherjea is the Founder and Chief Investment Officer of Marcellus Investment Managers, India’s Fastest growing PMS (Portfolio Management Services) players in India. Marcellus was incorporated in August ’18 and in six months had close to 36 crores in AUM (Assets under Management). Upon getting in touch with one of the key members at the fund, I was told that the fund today manages close to 1500 cr, which is an astounding increase of 42X in AUM in just over 1.5 years.
You must’ve heard his name or at least seen his face on business TV channels giving interviews and explaining the concept of Moat and Float in every appearance. The kind of clarity with which he explains his investing philosophy hints of a certain resemblance to Perishing Square’s Bill Ackman (of whom I am a big fan).
He’s a solid salesman, pitching Asian Paints, HDFC Bank, Nestle, Bajaj Finance, Pidilite , Kotak in other sentence you’ll hear him speak. If you compile his interviews you’ll be able to deduce 60-70% of the scrips in his fund’s portfolio. But hundreds of HNIs still pay him Lakhs every year to invest in those same stocks mentioned above and in his interviews.
The investing community in Twitter literally tracks his fund’s portfolio every now and then. So much so that a few have almost reverse engineered his exact portfolio. I know his Portfolio, thus can confirm it and yes people still pay lakhs for the portfolio which is promptly available for free on Twitter.
A little example of the frenzy he causes on Twitter is that just last week, Saurabh revealed in his webinar that they had exited ITC and reinvested into a Life Insurance Company. It was within a few minutes that the news was all over twitter and they had already devised that the company they’re investing in is HDFC Life. And right after that, investors on twitter had updated their dummy version of Saurabh’s portfolio and made the updation to match the actual version of Saurabh’s portfolio to the best of their estimation.
On a personal note, it is nice to see people respecting the knowledge and experience of an esteemed investor/fund manager. This is a well followed trend in the US where fund managers have been trusted with Billions of investor’s money. Unlike in India where I still see a lot of “investors” just leaping into the stock market thinking they can easily beat the market because they’ve been reading news about their company for the last 2 weeks.