Saurabh Mukherjea-led Marcellus Investment Managers has received final approval from the Securities and Exchange Board of India (SEBI) to commence its mutual fund business in India, marking a significant expansion for the firm. The move will allow Marcellus to extend its research-led, long-term investment approach beyond its existing Portfolio Management Services (PMS) and Alternative Investment Fund (AIF) offerings and make it accessible to a wider base of Indian investors.
According to a press release, the approval marks the next phase in the firm's evolution since its establishment in 2018. The mutual fund platform will enable Marcellus to tap into India's rapidly expanding mutual fund ecosystem and access a larger pool of household savings through a regulated and accessible investment structure.
