Marcellus Investment Managers’ Global Compounders Portfolio (GCP) has crossed the Rs 100 crore mark, reflecting strong investor interest and robust portfolio performance. Since its inception on October 31, 2022, the USD-denominated portfolio has delivered a return of 30.68%, outperforming the S&P 500, which recorded 23.90% over the same period as of September 30, 2024.

The GCP, managed by Arindam Mandal, focuses on 20-30 global companies with enduring moats and strong capital allocation capabilities, driven by Marcellus’ forensic research framework. This high-conviction strategy targets businesses with sustainable cash flows, enabling long-term compounding. The portfolio spans large and mid-cap stocks listed in developed markets, including the U.S. and Europe.

GCP firms have a historical track record of compounding free cash flows per share by 20% annually over the last decade. Many of these companies have dominated their sectors for over 20 years, with business lineages spanning six decades, reflecting both resilience and growth potential.

Saurabh Mukherjea-led Marcellus adopts a rigorous two-stage process to construct the portfolio: filtering 80-85 potential companies through forensic accounting analysis, followed by in-depth bottom-up research and third-party checks to finalising the top 20-30 selections. Each company’s weight in the portfolio is determined by a proprietary composite score that combines business fundamentals with valuation insights.

The recent regulatory changes enabling seamless global investments, combined with GCP’s access through Gift City, Gujarat, offer a convenient avenue for both resident Indians and NRIs to participate in this high-performing portfolio.