Fund manager who skipped India’s ‘hidden gems’ nets 30% gain

Marcellus named Asian Paints Ltd, Maruti Suzuki India Ltd and and HDFC Bank Ltd as examples of such dominant players.. (Kenichi Ayukawa, chief executive and managing director of Maruti Suzuki India Ltd., poses for a photograph with the unveiled Futuro-E Concept during a news conference at the Auto Expo 2020 in Noida, Uttar Pradesh, India, on Wednesday, Feb. 5, 2020. )

Mumbai: An Indian money manager has been able to double the gain in the country’s benchmark stock index by concentrating on the most obvious choices.

Marcellus Investment Managers delivered a 29.8% return from its December 2018 start through the end of 2019, according to Indian portfolio management information provider PMS Bazaar, beating the S&P BSE Sensex index’s 14% gain over the same period.