business

Saurabh Mukherjea on valuations, quality bets, GST & Tariffs - in conversation with N Mahalakshmi

In this episode of The Wealth Formula podcast, N Mahalakshmi speaks with Saurabh Mukherjea, Founder of Marcellus Investment Managers, on his core investing lessons thus far—valuations, portfolio sizing, and evaluating quality stocks and moats. Besides, in the current macroeconomic context, he believes India will ultimately settle at tariffs lower than China’s, ensuring the China-plus-one trade strategy pays off. While he sees the proposed GST redesign as a boost to consumption demand, he cautions that additional measures will be needed to offset uncertainties stemming from job losses and weak wage growth.

first published: Sep 1, 2025 11:59 am