SAURABH MUKHERJEA SMALLCAP FUNDS
PMS Tracker: Crorepati investors make 24% return in a month with SME fund
Hem Securities’ India Rising SME Stars led June returns with 23.81%. Funds by Saurabh Mukherjea, Sunil Singhania, and others excelled, with 90 funds reporting double-digit returns. Notable performers include Wallfort PMS, Equitree, and Accuracap.
Post-Covid, 6,000 challengers have emerged that will take on market leaders in next 5 years: Saurabh Mukherjea
Saurabh Mukherjea says the last four years, the post-COVID era, has been about democratisation of profit pools. But it is not democratisation for everybody. It is democratisation for roughly 6,000 companies that are below the top layer, the second decile. In the next five-six years, the challengers will come after the ruling dominant franchises in the country with disruptive, lean, efficient models.
AIF & PMS Conclave 2.0: Saurabh Mukherjea on five big themes in India where investors stand to benefit
Market veteran Saurabh Mukherjea on Wednesday said five big themes that have contributed to a rise of new elite in India can make their way into the portfolios of investors looking for consistent returns.
PMS funds which managed to trump Nifty with up to 18% return in May
PMS schemes, favored by HNIs for surplus capital, outperformed in May despite the flat Nifty50 TRI index before the election results. Investing in listed holding companies, Unifi Capital's HoldCo fund led with a remarkable 17.88% return, surpassing others in the PMSBazaar database.
Election outcomes won't disrupt India's economic stability: Saurabh Mukherjea
There will probably be governance continuity as well, but almost certainly there will be policy continuity and hence, my point of view to the foreign investors is, beyond a point, you should not overemphasise the elections.
PMS Tracker: HNI investors earn up to 20% returns in April. Check top funds
Saurabh Mukherjea-run Marcellus' smallcap fund Little Champs bounced back and earned a return of more than 10%, while Sunil Singhania's Abakkus-run Emerging Opportunities fund reported a 9.57% gain and Samir Arora's Helios India Rising fund saw a 5.51% gain.
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Why Saurabh Mukherjea isn't losing sleep over stress in HDFC Bank, Kotak and Bajaj Finance
Saurabh Mukherjea maintains faith in HDFC Bank, Kotak Mahindra Bank, and Bajaj Finance despite challenges. Mukherjea says: "In HDFC Bank's case, the regulator suggested remedial measures, HDFC Bank implemented the remedial measures, and profit growth rebounded. I have no reason to believe that Bajaj and Kotak will find themselves in a different position."
PMS Tracker: 22 PMS schemes gave double-digit returns last month
Invasset's Growth Pro Max Fund was the biggest gainer in the pack with a monthly return of 17.14% in January. The multi-cap fund has given an astonishing return of 133% in the last one year period, shows data pulled from PMS Bazaar.
Top 10 most sold midcap stocks by mutual funds, PMS and ULIPs. Do you own any?
Dalal Street's midcap stock debate intensifies as investors make strategic moves. Significant exits and new picks impact the market. Portfolio adjustments indicate shifting trends in the sector, with focus on specific stocks for potential growth and stability.
Saurabh Mukherjea picks 3 new stocks for HNI investors in his PMS fund
Mukherjea said City Union Bank's valuations are attractive at 1.1x FY25E P/B. Marcellus said that considering the bank’s stability and strong track record in the management team and its conservatism through multiple cycles in the past, the trend of consistent growth can continue in the future as well.
The Next Frontier: The mega opportunity in Indian megacaps
The post-Covid recovery, aided by easier availability of credit due to the dramatic acceleration in the use of UPI and ever-widening spread of social media, has surely helped smaller companies find new customers and new ways to reach existing customers.
Saurabh Mukherjea picks 4 new smallcap stocks in Little Champs portfolio
Top PMS fund manager Saurabh Mukherjea, whose firm Marcellus handles HNI money worth around Rs 10,000 crore, has picked 4 new smallcap stocks in his Little Champs portfolio. In his bank-focused Kings of Capital portfolio, Home First Finance has been replaced with MAS Financial Services while SKF India is the new stock pick in midcap-heavy Rising Giants portfolio. Mukherjea told investors in a note that positive developments in interest rate cuts by the Fed can improve consumer sentiments and benefit stocks with global market exposure.
HDFC Bank shares at mouth-watering valuation, say contra buyers after $12 billion loss
CLSA and Axis Securities have raised their target prices for HDFC Bank, while fund manager Saurabh Mukherjea believes the bank's valuations are attractive. Despite concerns about deposit growth, Mukherjea remains confident in the bank's solid operational performance and sees potential for further investment. Marcellus, the firm managed by Mukherjea, has significant investments in HDFC Bank.
Saurabh Mukherjea on why HDFC Bank is a bigger bet for Marcellus, not TCS
Saurabh Mukherjea believes that as HDFC Bank stabilizes and its numbers improve, institutional appetite will return. He mentions that without merger synergies, HDFC Bank is already a profitable bank with a 1.9% ROA. If the ROA increases to 2%, the bank's ROE could be around 18%. He also notes that HDFC Bank's operational delivery has been solid post-merger. Despite the consensus buy on HDFC Bank, there has been a reduction in institutional exposure, but Mukherjea expects the selling to abate and institutional investors to return.
Will premium on HDFC Bank and Kotak Mahindra Bank come back soon? Saurabh Mukherjea explains
“The smallcap inflows have been so overwhelming that the overvaluation of smallcaps relative to largecaps is at an all-time high. There is no precedent in Indian history for what we have seen in the last couple of years. Given that anomaly, the re-pricing of largecaps has a long way to go. Some of it has happened over the last couple of weeks, but I think this is just the beginning.”
2023 was ‘ulta pulta’ year; 2024 will be largely about largecaps & FIIs: Saurabh Mukherjea
" The sheer amount of money foreign investors make won’t go into smallcaps so much; it will end up going into the larger stocks and we are hoping that Consistent Compounders will continue to make money from that. We are up 26% this fiscal in CCP. We manage roughly a billion dollars with our clients and we are hoping that as FIIs return, that 26% will be further augmented by FII flows."
Rotate partly from small to largecaps before FIIs descend on India: Saurabh Mukherjea
“So the trips that were being planned for say June-July, have been preponed to December and the FIIs from all over the world descend upon India over the next month or so. In fact, over the next two weeks or so as they load up on India. So there is a preponement of roughly six months in their purchasing. It happily coincides with the top global interest rate cycle.”
Over next 20 years, can Trent give 2000x that Titan gave in last 20 years? Saurabh Mukherjea answers
I wouldn’t worry about RBI rap on Bajaj Finance’s knuckles. At the most, it going to impact around 2% of Bajaj Finance books and if the management expeditiously deals with the issue, the impact on a full year profit should be hopefully less than 1%. A new addition, Trent has many more engines than the market understands it to have.”
Saurabh Mukherjea picks two new smallcap stocks, exits pharma company
PDS, which acts as a link between retailers & brands in the West and small garment manufacturers in the Far East, has seen its share prices grow around 65% so far in the calendar year.
PMS Tracker: These smallcap funds emerged laggards in September
But in the smallcap category, one of the best-performing funds has been Aequitas Investment’s “India Opportunities”, giving more than 3% returns in September, and a staggering 82% over a 1-year period.
An 'octopus class' of nearly 10 lakh people drives consumption in India
Saurabh Mukherjea, along with his colleague Nandita Rajhansa, has coined the term "octopus class" to analyse the rise of this affluent class in India.
What’s the chance of an LBW in PSU and defence stocks? Saurabh Mukherjea explains
Saurabh Mukherjea of Marcellus Investment Managers, expresses concerns about the broader PSU capex theme in India. He believes that the government's heavy spending on sectors such as roads, defence, and power is not supported by underlying tax collections. Mukherjea also discusses the potential performance of HDFC Bank and highlights the worries surrounding the PSU capex recovery. He mentions that the implosion in China could benefit India's economy, and expresses optimism about the Indian IT services industry.
Expect H2 to to better in chemicals & CDMO space: Saurabh Mukherjea
“I think the second half of the year will look good for any of our larger holdings. For example, we are a large shareholder in Divi's Lab, in Alkyl Amines, in GMM Pfaudler, in Paushak and we are hoping the second half of the year will bring good news as the price action seems to have bottomed out. ”
Saurabh Mukherjea adds multibagger Tata stock, smallcap to portfolio
Saurabh Mukherjea recently added Trent Rainbow Children’s Medicare to his portfolios in Augusts. Shares of Tata Group-owned retailer Trent have more than doubled in just two years while smallcap Rainbow has more than doubled from its IPO issue price of Rs 506.
5 worst PMS fund performers in last 1 year
An analysis by PMS Bazaar shows that among the top five worst PMS fund performers, three are from Saurabh Mukherjea's Marcellus Investment. Funds across categories were considered, and the worst performers belonged to the equity space. They have fallen up to 14% in the last year.
Saurabh Mukherjea on the positive as well as negative triggers lying ahead of Indian market
“I keep explaining to foreign investors that ours is a robust democracy and we go through elections, every 12 months we go to some sort of major elections and all. But all of that being said, there will be a degree of concern as we go through the election cycle in India.”
PMS Tracker: Saurabh Mukherjea’s Little Champs among top 10 smallcap performers in June
Ambit Investment Advisors’ Emerging Giants fund has been a consistent performer, rising 5% in June. It has given a whopping 40% return in a 1-year period.ICICI Prudential’s PIPE strategy fund in the midcap and smallcap category has given nearly 10% returns in June and has been a consistent performer. Over a 1-year period, this fund has given 46% returns to investors.
PMS Tracker: 15 funds give double-digit returns in May as bulls' D-St party continues
Of the 15 PMS funds, 13 of them beat their benchmark BSE 500 index in May. Last month, the S&P BSE 500 index gave 3.5% returns.Some of the prominent names in this list are Carnelian Advisors’ multi-cap fund, Phillip Capital’s small- and midcap fund, Equirus Wealth’s smallcap fund, and Tulsian PMS’ largecap fund.
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