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The ‘cult’ of Marcellus propels it to the top of India’s PMS league
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MUMBAI: As Nifty50 tanked 24 per cent in March 2020 amid a raging pandemic, Marcellus Investment Managers’ own funds fell about 15 per cent. At that time, the asset manager’s founder and chief investment officer Saurabh Mukherjea would have felt relieved, and perhaps a hint of pride, at his fund’s resilience.
The relative outperformance of Marcellus Investment Managers during the worst selloff in Indian equity market since the Global Financial Crisis eventually became the catalyst for a blowout year for the PMS.