Saurabh Mukherjea

Despite the boost, Marcellus' Saurabh Mukherjea has cautioned that the Indian economy remains vulnerable due to high household leverage and a prolonged slowdown in white-collar employment.

MC Exclusive: “Early success blindsides you”: Saurabh Mukherjea on mistakes, lessons learnt, and favourite Indian investors

The founder of Marcellus reflects on how his investing approach has shifted over the past three years, after his early conviction in staying invested in high-priced, high-quality stocks came under pressure

Relaxo was the hardest lesson in investing, says Saurabh Mukherjea

He could not have imagined that a company which has historically made very good decisions, enriched shareholders to the tune of 100x I think in the preceding 20 years could make make strategic misjudgments, Mukherjea said.

Asian Paints’ moat undiminished, new entrants a million miles from making money: Saurabh Mukherjea

Mukherjea argued that most challengers don’t have that staying power. Instead, they rely on discounts, media publicity, and higher dealer margins to gain short-term traction.

Downhill racing over, time for the Ferraris of banking to pull ahead, says Saurabh Mukherjea

As asset quality pressures mount in retail credit and smaller lenders face headwinds, the case for sticking with quality lenders — the 'Ferraris' — will pay-off, said the founder of Marcellus Investment Managers

Top private banks 'balance transfer out' risky loans; pass on rate cuts unevenly to customers, says Saurabh Mukherjea

Strong players with disciplined underwriting and risk-adjusted pricing will capture greater market share, according to the founder of Marcellus Investment Managers

Saurabh Mukherjea says chasing the ‘lottery effect’ in small and midcaps can erode long-term returns

Marcellus' latest newsletter said that for nearly two decades, low-beta stocks in India have consistently outperformed riskier names, challenging the textbook belief that higher risk delivers higher reward.

BAAP comes to bite: Saurabh Mukherjea admits lag in portfolio performance, cites valuation missteps

Buy-at-any-price strategy backfires; Marcellus' flagship delivers 9.07% over the past five-year period compared with the Nifty 50’s return of 15.96%. The Little Champs portfolio delivers 8.12% return compared with 17.93% for the benchmark BSE 200 index.

Saurabh Mukherjea's Marcellus raised February cash position in small and midcaps as correction bites

Saurabh Mukherjea's Marcellus Investment increased cash holdings in February at a time when correction in the small and midcap space has been unfolding with investors hoping for a rebound.

Persisting financial crimes could severely damage the credibility of the listed markets, says Saurabh Mukherjea

Mukherjea advocated for a tax-exempt unified retirement solution—a single, integrated product combining mutual funds, insurance policies, and equities—to enable a larger segment of India’s population to build the necessary corpus for a secure retirement.

In FY25, we will need FII flows to support the market: Saurabh Mukherjea

The founder of the portfolio management service weighs in on the good and the ugly that the Indian market has seen and has emerged stronger from. He also has a word of caution about the bad that could be around the corner later this year.

Even upper-arm of the K-shaped recovery slowing down, says Saurabh Mukherjea of Marcellus

Recognizing early signs of this shift, he said that Marcellus has began preparing nearly eight months ago, anticipating a political shift toward rural support, particularly through increased subsidies and higher minimum support prices (MSPs).

September quarter earnings' growth may drop to zero: Marcellus' Saurabh Mukherjea explains why

The founder and chief investment officer at Marcellus Investment Managers was talking to Moneycontrol as part of Samvat 2081 conversations; he forecasts a multi-quarter slowdown in earnings growth

What is secret sauce of Zomato's success? Here's what Marcellus' Saurabh Mukherjea says

Marcellus is invested in Zomato through Info Edge, which has a substantial stake in the food delivery and restaurant aggregator company.

There is a resurgence in black money which could be a counteracting force to rise in GST collections: Marcellus' Saurabh Mukherjea

“Direct tax collections are still very robust. In FY2024, collections were growing at 16-17 percent, and in the first half of FY2025, direct tax collections have also been very healthy, with mid-teens growth," said Mukherjea.

Market experts warn long-term capital gains tax hike could deter FIIs, hinder market democratisation

Samir Arora highlighted that while pre-tax returns in India may seem promising, post-tax returns tell a different story due to the high capital gains tax, especially putting foreign investors at a disadvantage.

Budget’s focus on consumption, employment than capex to cheer FIIs, says Saurabh Mukherjea

What Mukherjea found more encouraging, from a long-term investor perspective, is the government saying that not only will it stoke consumption and try to juice up consumption but it will do so without compromising on fiscal rectitude.

Five stocks Saurabh Mukherjea is betting on

Mukherjea is betting on stocks that are gaining market share from the unorganised segment and those diversifying smartly.

Private capex, Nari Shakti, and energy transition: Saurabh Mukherjea's top themes from Interim Budget

Housing finance is going to be a big thing going ahead as the government is focusing on it through the Pradhan Mantri Aawas Yojna, he says.

Three emerging themes Saurabh Mukherjea is betting on, after Budget 2024

Private capex, women empowerment and energy transition are the themes on Mukherjea's radar.

Delighted about fiscal consolidation; hope for more EV announcements post-polls: Saurabh Mukherjea

Affordable housing, fiscal consolidation and energy transition were the three interesting themes, says Mukherjea.

Fed’s change in stance will trigger a solid rally in largecaps: Saurabh Mukherjea

The Marcellus Investment Managers founder and CIO says all that the return of the foreign investment will do is bring some semblance of normality to the performance of largecap stocks relative to smallcaps

Saurabh Mukherjea cut position in Bajaj Finance after Q2 earnings concall. Here's why

The company also said that they have been closely monitoring the Stage-2 rural B2C segment and taking corrective actions, which has resulted in moderate growth in this segment.

Saurabh Mukherjea-led Marcellus adds Trent, Rainbow Children’s Medicare to its portfolios

Consistent Compounders is the flagship portfolio that invests primarily in largecap stocks that have high cashflow. Little Champs portfolio invests primarily in smallcap stocks.

Saurabh Mukherjea-owned Marcellus suspends employee for violation of code of conduct

The PMS firm has said that it has appointed one of the "big four" companies to investigate the issue