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Investments in securities markets are subject to market risks. Read all the related documents carefully before investing. Past performance is not indicative of future returns.
Past performance is not indicative of future returns. All returns are time-weighted (TWRR). Investments in securities markets are subject to market risks. Read all the related documents carefully before investing.
Investments in securities markets are subject to market risks. Read all the related documents carefully before investing. Past performance is not indicative of future returns.
| Period | This strategy | S&P BSE 500 TRI | Difference |
|---|---|---|---|
| 1 Month | −6.4% | −5.6% | −0.8% |
| 3 Months | −3.9% | −3.6% | −0.3% |
| 6 Months | 0.0% | +8.1% | −8.1% |
| 1 Year | 0.0% | −2.3% | +2.3% |
|---|
| 2 Years | 0.0% | −3.9% | +3.9% |
|---|
| 3 Years (CAGR) | 0.0% | +9.2% | −9.2% |
|---|
| 4 Years (CAGR) | 0.0% | +11.2% | −11.2% |
|---|
| 5 Years (CAGR) | 0.0% | +8.9% | −8.9% |
|---|
| Since launch | −4.3% | +11.7% | −16.0% |
|---|
As of Sept 2026
Risk metrics as of 2026-09-01 · 6-month window · Source: Computed from NAV history
Maximum drawdown: 6.4%
Marcellus Investment Managers’s story and investment philosophy are on the Marcellus Investment Managers firm page.
Saurabh Mukherjea, FRSA
Founder and Chief Investment Officer
Saurabh Mukherjea is the Founder and Chief Investment Officer of Marcellus Investment Managers. Saurabh was educated at the London School of Economics where he earned a BSc in Economics (with First Class Honours) and an MSc in Economics (with distinction in Macro & Microeconomics). In London, Saurabh was the co-founder of Clear Capital. Prior to setting up Marcellus, Saurabh was the CEO of Ambit Capital. Saurabh was instrumental in setting up Association of Portfolio Managers in India as its Founding Director, which is an industry body of Indian Portfolio Managers. He continues to be part of multiple SEBI working groups whose role is to review and reform the rules governing portfolio management in India.
Pramod Gubbi, CFA
Client Advisory and Relationship
Pramod is one of the founders of Marcellus. In the final two years of his 8 year stint in Ambit Capital, Pramod was Managing Director & Head of Institutional Equities (from 2016 to 2018). Prior to that Pramod, served as the head of Ambit's Singapore office from 2013-2016. Before joining Ambit, Pramod worked across sales and research functions at Clear Capital, a British equity research firm. Pramod is Head of Sales in Marcellus and manages the sales & marketing efforts of the firm. He also sits on Investment Committee that discusses and approves investment strategies of the firm.
Rakshit Ranjan, CFA
Fund Management
Rakshit is one of the founders of Marcellus. Rakshit spent 6 years (2005-2011) covering UK equities with Lloyds Bank (Director, Institutional Equity Research) and Execution Noble (Sector Lead analyst). He launched Ambit's Coffee Can PMS in Mar'17 and managed it till Dec'18. Rakshit has a B.Tech from IIT (Delhi) and is a CFA charter holder.
Manish Hemnani
Technology and Operations
Manish is one of the Founders of Marcellus. Manish comes from quantitative data analytics and research background, and has more than 12 years of experience working with banks and financial institutions across east-Asia, India and Europe. Prior to founding Marcellus, he founded Crosstab Limited (2011), a London based quantitative data analytics outfit. Prior to that he worked with a Mumbai based boutique analytics consulting firm. Manish holds an MBA from University of Warwick, Warwick Business School (UK).
Ashvin Shetty, CFA
Fund Management
Ashvin is one of the founders of Marcellus. 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 thereafter worked as a senior analyst for Ambit's Mid and Small cap PMS funds till November 2018. Prior to joining Ambit, he worked with Execution Noble as an analyst covering consumer and media space. He has also worked with KPMG's and Deloitte's statutory audit departments from 2004 to 2007 gaining extensive experience across Indian accounting standards and financial statement analysis. Ashvin is a BCom graduate from Narsee Monjee College (Mumbai). He is a qualified Chartered Accountant (ICAI India) and Chartered Financial Analyst (CFA Institute, USA).
Sudhanshu Nahta, CA
Investments
Sudhanshu is one of the founders of Marcellus. Prior to joining Marcellus, Sudhanshu was Executive Assistant to the CEO at Ambit Capital and worked in the Institutional Equities' Strategy team. He has also worked with KPMG in the statutory audit team from 2013 to 2016 gaining extensive experience across Indian accounting standards, financial control systems and financial statement analysis & reviews. Sudhanshu is a qualified Chartered Accountant and a CFA Level 3 candidate. He has completed his graduation in Commerce from Mumbai University.
Nitesh Bhadani, CA
Client Advisory and Relationship
Nitesh is one of the founders of Marcellus. He has 16yrs+ work experience across Investment Banking, Equity Research and Private Equity. In his 6 years stint in Ambit Private Ltd, Nitesh worked across Institutional Equities and Investment Banking division of the firm. Prior to that Nitesh worked in the investment team of private equity firm SAIF Partners in Gurgaon. Before joining SAIF, Nitesh worked as equity research analyst in CRISIL and used to track Indian Telecom & Cement sector. Nitesh is a Chartered Accountant and MBA from the Indian School of Business, Hyderabad.
Tej Shah, CFA
Fund Management
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. Tej is a Chartered Accountant and a CFA charter holder. He holds a B.Com degree from Ahmedabad University.
Salil Desai, CA
Investments
Salil joins Marcellus from Premji Invest, India's largest family office by assets under management, where he spent 6 years as a senior member of the team that managed ~US$2bn in listed equities. Prior to that, Salil worked for IDFC Securities, a prominent equity brokerage in Mumbai, where he came to be known as one of India's leading analysts for core economy sectors. Over a career spanning 12 years in equities, he has tracked multiple sectors, including industrials, infrastructure, utilities, insurance, cement, metals and logistics. Salil is a Chartered Accountant and a Post Graduate Diploma in Business Management from NMIMS, Mumbai.
Registration No
INP000006183
Inflow
₹0.10 Cr
Outflow
₹0.00 Cr
Net
₹0.10 Cr
Not reported — complaint data for this strategy isn't available yet.
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Parimal Deuskar, CS
Compliance and Legal
Parimal heads Compliance & Legal function at Marcellus. In his last assignment, Parimal set up the Group Compliance Function at Avendus Capital, an investee company of KKR US. He is experienced in dealing with securities market regulators in US, Europe and Asia. Over his career spanning 15+ years he has set up fund structures in jurisdictions like India, Singapore, Ireland and Mauritius. His previous employers include Ambit, and Prudential UK's India KPO. Parimal holds Bachelor of Commerce and Bachelor of Law degrees from Mumbai University. He is also a qualified Company Secretary.
Sapana Bhavsar
People and Culture
Sapana has over 15 years of experience in Human Resources, including leadership roles at CRISIL and Bank of America Merrill Lynch.
Jaibir Singh Sethi
Investments
Jaibir joins Marcellus from Premji Invest, India's largest family office by assets under management, where he spent 9 years as a member of the team that managed ~US$3bn in listed equities with the last 3 years being spent as head of research. Prior to that, Jaibir worked for CLSA and Clear Capital in research roles. Over a career spanning 16 years in equities, he has tracked multiple sectors, including consumer, retail, autos, hotels and airlines. Jaibir is a CFA charter holder with a B.Com (Hons) from St. Xavier's College, Kolkata, and a Post-graduate Diploma in Management from the Indian Institute of Management, Bangalore.
Krishnan V R
Investments
Krishnan leads the Quantitative Research team at Marcellus. He has around 10 years of experience spanning both equity and fixed income research. Prior to Marcellus, he was part of the New Indexes Development team at Morningstar, where he was involved in creating systematic, rules-based equity and multi-asset investment products. Before that, he was an equity analyst with D.E. Shaw & Co. and a credit analyst at Goldman Sachs Asset Management (GSAM) EM Corporate Debt Team. Krishnan has completed his MBA from IIM Kozhikode and Engineering from NIT Trichy. He is also a CFA charter holder.
Siddharth Joshi
Operations and Technology
Siddharth Joshi heads Operations and Technology at Marcellus. He has more than 18 years of experience in Technology where he provided technology consultation to a variety of functions within investment banks and financial institutions. Prior to Marcellus, he was associated with Nomura, where he has led multiple teams, responsible for providing IT solutions to front office, operations and risk. His expertise is in Middleware, Automation, DevOps, Cloud and Messaging for low-latency trading. Prior to Nomura, he has worked with Wells Fargo and TCS. Siddharth has a Bachelor of Engineering from Rajiv Gandhi University, Indore.
Arindam Mandal
Head of Global Equities, Marcellus Group
Arindam brings over a decade of global investing experience, having spent nearly 10+ years in the United States with Principal Global Investors (PGI). He began his career as a Quantitative Analyst before transitioning to fundamental equity research, where he served as the lead analyst covering U.S. and Global Industrials and Utilities.
Achint Bhagat
Client Advisory and Relationship
Achint has over 10 years of capital markets experience including equity research at Ambit Capital and building equity sales presence in North America before joining Marcellus.
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