AUM of Saurabh Mukherjea’s Marcellus PMS is Rs 7700 Cr

AUM of Saurabh Mukherjea’s Marcellus PMS is Rs 7700 Cr, spread over 4 schemes. Only 1 scheme has outperformed Benchmark since inception with 2% alpha. No exit load or lock in period. Redemption is Rs 40 Cr per week. 70% clients are on performance fee model with hurdle rate of 8%

Saurabh may himself not be making much money from the PMS Fund due to the ‘performance fee only’ model as hurdle rate of 8% is not crossed. “If I don’t make them money, I don’t make money from them”. Also clients will bolt if underperformance continues

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