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Premium Access PMS

MeritorQ Small cap

Distributed through AltPort Experts. Comprehensive fund documentation can be accessed through our research team.
Category PMS
Fund Managers Saurabh Mukherjea
Benchmark BSE 500 TRI
Share: f x in w

About Company

Marcellus Investment Managers Pvt Ltd

Marcellus Investment Managers was founded in 2018 with their main objective of impacting the Indian economy’s effective capital allocation. We plan to accomplish this by directing household savings into high-quality Indian enterprises with a long history of sound governance and capital allocation. Our portfolio management strategy not only strives to provide healthy returns to our investors but also to do so by assuming relatively moderate risks. Marcellus’ core investment management team has been together for 15 years, and their experiences and lessons learned throughout that time have shaped the company’s investment philosophy. SEBI has granted Marcellus permission to provide Portfolio Management Services (PMS, SEBI registration number INP000006183) and Investment Advisory (IA) services. The Marcellus Consistent Compounders are our flagship investment product. Services for Portfolio Management (CCP). CCP’s investing approach aims to put money into a small number of substantially moated companies that can generate robust earnings compounding over long periods of time with little volatility. The PMS offers enticing performance-based fee choices that align our interests with the investors. It also boasts one of the most cost-effective cost structures in the PMS market, with no entrance, lock-in, or exit loads.

Fund Snapshot

Parameter Details
PMS Provider Name Marcellus Investment Managers Private Limited
Strategy & Product Name Equity (Equity, Others)
Benchmark BSE 500 TRI
Date Of Inception 16/03/2026
Fund Age 2 Months
Minimum Investment Amount ₹5,000,000
Fixed Fees Structure Variable / Standard Marcellus Slab (e.g., ~1.5% p.a.)
Variable Fees Structure Zero Performance Fee Option / Hybrid Options Available
Exit Load Zero / No Lock-in Period
Assets Under Management (AUM) ₹0.77 CR

Fund Purpose

To generate returns for the Investors through capital appreciation of the stocks held over a period of time. The objective of the Investment Approach will be to generate returns over the medium term, with a moderated volatility while primarily investing in listed equities and also investing in other permissible securities/products in accordance with the Regulations.

Fund Philosophy

Proprietary Forensic Accounting Filtration

The foundation of the investment approach relies on Marcellus' signature quantitative forensic framework. It systematically evaluates public data to weed out corporate governance outliers and companies with accounting red flags, instantly neutralizing high-risk profiles before portfolio consideration.

De-leveraged and Resilient Balance Sheets

The screening process strictly eliminates highly leveraged companies. By restricting the investable universe to enterprises with low or negligible debt levels, the strategy builds fundamental structural safety to survive broader liquidity tightenings.

Low-Risk Anomaly Optimization

The philosophy rejects the conventional narrative that higher risk yields higher rewards. Instead, it captures the "low-risk anomaly," building a portfolio of fundamentally safe, low-beta businesses that consistently generate superior compounded returns over the long term.

Strict Value and Relative Mispricing Metric

From a cleaned subset of profitable companies, the strategy applies disciplined rules to isolate stocks trading at sharp discounts to their intrinsic values or free cash flow potentials, capitalizing directly on erroneous market expectations.

Systematic, Discretion-Free Rebalancing

The portfolio eliminates human emotional errors, behavioral biases, or reliance on a "star fund manager." Instead, it executes a rigorous, rules-based rebalancing schedule to lock in profits from overvalued holdings and redeploy capital back into undervalued opportunities.

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Section: Performance Analysis
Fund Growth vs Benchmark Trend

Track how the fund has performed against its benchmark over time through a comparative line graph analysis.

MeritorQ Small cap

Benchmark: BSE 500 TRI

Section: Performance Comparison
Fund vs Benchmark Bar Graph

Compare fund returns and benchmark performance across multiple investment periods using a visual bar graph.

Section: Performance Comparison
Fund vs Benchmark Comparison Table

Review and compare fund returns against benchmark performance across different investment periods in a detailed tabular format.

Marcellus Investment Managers Private Limited

AUM(Cr.) 1M 3M 6M 1Y 2Y 3Y 4Y 5Y Ince.
Performance ₹0.82 1.74 6.51 NA NA NA NA NA NA 20.77
Benchmark NA -0.09 3.86 NA NA NA NA NA NA 9.92
Section: Fund Leadership
Meet the Fund Managers

Learn about the experienced fund managers responsible for investment decisions, portfolio strategy, and long-term fund performance.

Saurabh Mukherjea

Saurabh Mukherjea

Saurabh Mukherjea is the Founder and Chief Investment Officer (CIO) of Marcellus Investment Managers with over 20 years of experience in equity markets. Before founding Marcellus, he served as the CEO of Ambit Capital, where he built one of India's leading institutional advisory businesses. He is a CFA charterholder, an FRSA, and an alumnus of the London School of Economics and Political Science.

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Section: Help & Support
Frequently Asked Questions

Find answers to common questions about fund investments, performance, portfolio strategy, and investor services.

In absolute compliance with the guidelines laid down by the Securities and Exchange Board of India (SEBI) for all Portfolio Management Services, the minimum ticket size to establish a live account is ₹5,000,000 (₹50 Lakhs).

The "NA" notation allows Marcellus to offer flexible onboarding options. Investors typically can choose between a standard fixed fee structure (such as 1.5% per annum charged quarterly) or hybrid setups that adjust according to investment scale.

True to Marcellus' corporate framework for the MeritorQ line, the strategy operates under a highly liquid mandate featuring zero entry loads, zero exit loads, and no forced holding lock-ins for capital redemptions.

Small-cap arenas are highly susceptible to corporate governance shocks and structural market noise. Relying on a rigid, automated mathematical checklist keeps human bias out, screening for clean balance sheets and verifiable profitability with absolute precision.

The BSE 500 Total Returns Index tracks India's top 500 companies across large, mid, and small market capitalizations. By utilizing this broad index as its primary comparative hurdle, the fund ensures its alpha-generation mechanics are tested against the wider macro market.

Section: Insights & Articles
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