What seems correct for promoters is correct for fund managers too. Fund managers who often come on TV, TH-cam and write books rarely make good wealth for their clients. Managers who sit quietly in their offices and make better investment judgements make superior returns.
I got about minus -20% over past three years after accounting for rupee devaluation Unfortunately not only a story teller but seems to be a hardcore lier too Pls only speak the truth Saurabh
He is spot on with what he says... CEOs like that Kingfisher guy was daily on Newspaper... now it's that Vedanta, Adani & Reliance CEOs... Don't hold this against Saurabh... unlike them his job is to attract more funds... which he is doing nicely...
Each and every word is full of wisdom, this will definitely turn thinking process upside down and will change the lives of many, I am pretty sure of this. Thank You very much Sir for giving us such a heightful realisation of reality.🙏
Marcellus pms schemes compounded returns since their inception vs average of top 100 mutual funds: 1. Consistent compounders 16.6% / Mutual funds average 20.5% 2. Kings of capital 11.3% / Mutual funds average 34.8% 3. Little champs 19.0% / Mutual funds average 26.4% 4. Rising giants (-11.0) % / Mutual funds average 17.6% 5. Meritor Q 11.45% / Mutual funds average 18.5% Why should anyone invest in Marcellus which has not achieved returns in any of their PMS above the average of top 100 mutual funds?
Agreed he is a great story teller, And agree with most of his points, Except believing in his ability to pick those 15 stocks in advance and ability to beat the index on overall basis in a long term horizon ( 10 years) Any fund manager who was able to to do this for a long term horizon is a real genius, identifying such genius in advance is incredibly difficult
Saurabh is the most visible and fund manger with many public appearances. The most successful people avoid coming on tv is true. By his own logic and facts - he has consistently underperformed the markets
Very insightful . But yet to prove his mettle in investing world. Plz do analysis about stock which have potential n still unknown..from where you will got your mozo.. Thanks alt sourav sir
For folks who are confused and angry with Saurabh, let me clarify for you guys. I am not on his side by the way. He has experience in the markets enough to run his funds like the other mutual funds that are doing well. But he has discovered a safer way that is continuous but slow. Anyone who has read him knows how much he admires Dravid. He sees investing just like that, slow but consistent and never out of the game for this he targets cash machines like Pidilite and Asian Paints, which are Indian counterparts of Coca cola and Sees Candy in the US. In India, CCPs give about 20-25% CAGR over 10 years. Saurabh calls these cash machines, Warren calls these compounding machines. 1. >10% revenue growth yoy 2. FCF 3. ROCE>Cost of K
1. If someone buys well known franchise stocks at overvalued prices, it should not be considered a safe operation. Sure, because of moats of these franchise businesses, chances of them going bankrupt is negligible. However, there are still chances that overvalued stocks won’t move for 2, 3 or more years or they can go down and in these cases these stocks may fail to provide safety against opportunity cost of an investor. 2. 20-25% CAGR which you mentioned is a “GAJAR” which is given by hypocrite fund managers to layman to increase their AUM. All Marcellus CCP stocks (Asian, berger, titan, nestle, pidilite, dr lal, divi’s, tcs, page) have grown their operating profits at below 20% CAGR in last 10 years and majority of them failed to improve their working capital cycle too in last 10 years. Then from where this 20-25% number came? FCF can grow above operating profit growth if working capital cycle reduces or if ROCE of business improves and none of which has improved in case of majority of CCP stocks in last 10 years. The only reason you see FCF above 20% in some companies is because they did lesser capital expenditure as a percentage of their profits and gave more dividends which have resulted in faster FCF growth. But as these companies will distribute more of their profits, their growth will also slow down which will at the end reduce FCF growth in future. 3. Saurabh Mukharjea uses warren buffet as a shield when he underperforms. In his initial videos which are on youtube, he said like “India me koi paisa nahi kama paoge warren buffett padhke.” How can you compare buffett who has stayed disciplined about his purchase price all his career with saurabh mukharjea who believes that all these well-known companies are always available undervalued?
@@lluvia2736 Thank you for your deep insight, I should've also mentioned that personally if someone purchases these CCP companies, PLEASE DONT BUY AT ANY PRICE. I have always bought companies after a crash or so when they were available at a discount. And the argument regarding the operating profit, yes, % wise it doesn't grow, but since the revenue of the company goes up yoy (above 10%), everything increases at a new level. After that since the operating profit margin stays above 15% and ROCE stays above 20%, it is monumental for Indian companies. And the revenue of these compounding machines are guaranteed because of their moats. Thus the cycle is complete and rest is in the hands of the traders, since they become the most disruptive companies in disguise, they have historically grown like 20-25% in the Indian share market (no one can guarantee the future, that's the fund manager's job not mine). I only learn from Saurabh but don't completely subscribe to his ideology. That's why I have bought more Relaxo shares after he sold them. I know for sure that these companies will ensure the highest growth for my wealth vs any other form of investment in India, now it can be 15%, 20%, 30%, so on.
The only marcellus stock which gave 20% PAT growth in last 10 years is HDFC Bank. The rest - Asian paints, Berger, pidilite have below 15% earnings growth. However, the stock price has given 20% plus kind of return. What you gotta remember is - in the long term, stock prices always follow earnings and the last 10 years his hasn't happened 🤐
@@piyush7700 that is because metrics don't follow market sentiment in absolute terms. Moreover PAT doesn't mean much if it isn't a compounding machine (ROCE>Cost of K), We are mostly concerned about EBIT. In the US ROCE above 10% is what most companies can do barring a few. In our country CCPs make around 20%. Think of it as a rank rather than a number game, More Revenue, More ROCE, More free cash, better compounding, now it can be 15% or 30% share price increment, that no one can tell. And don't compare with the index, because the index is a ranking, where the best automatically gets counted. Over 10 years, the idea might work, let's see...I would personally be the owner of the best businesses in the world than giving my money to the bank so that some guy can buy a TV with it...
@@d2e4U I listen to his investment ideas from NZ. I have been following Basant from long time. I cannot invest in India including his PMS so doesn't matter if he doesn't hold 1% .His ideas made me invest in Tesla when stock was 120 easy double in 6 months.
Result fear gone when you reach a certain level of success of course this level is different from person to person but in early stages each and every middle class has certain threats for result
What has happened to divis, alkamine, relaxo, gmm etc...all the knowledge is based on attracting new clients to ur portfolio where u want exit based on new buyers....as a PMS u make right time entry and encourage new fools to invest in ur stocks which helps u to exit. Good oratory skills doesn't away deliver right results.😂😂😂
Buying high PE stocks of great companies deosnt give anyone good results, its a very good strategy to raise money though. The great company saurabh invests are growing at 10 percent per annum with PE of 80 and above makes no business sense
Now so many negative comments. 2 yrs back when i used to criticise him for buying extremely overvalued stocks , his follower used to bit my ass. He dont know how to earn from stock market
Well what is the reason you need to spend money other needs , happiness is key factor right , This guy get happiness from purpose of seer growth and donation , might be different for other 😂😂
Marcellus is looting our hard earned money. 2% IRR till date - invested way back in Nov 21. How come your strategy didn’t work for almost 3 Years and markets are touching high”s everyday basis.
अगर हम बैलेंस मे खर्चा करते हैं तो लोगो को रोजगार मिलता है ।फिर आपको किसी काज के लिए डोनेट करने की जरूरत नहीं पडेगी ।हां इस से आपके अंहकार को संतुष्टि नहीं मिलेगी की मैंने दान किया । खर्चा करना कमाना बैलेस रखना भी एक प्रकार की समाज सेवा है हर आदमी सात सात साल जूता चलाने लग गया तो बाटा रिलेक्सो रेडटेप तो गया फिर
Hey Buddy met you in neugobus , this was a great video thanks for suggesting it bro . We are the guys who were going for the masters union hackathon , we took your advice and won cash prize bro . I wanted to tell you the moment we won but i did not have your contact . But thanks so much , I would like to connect with you more . see ya
![เกิดใหม่ทั้งทีก็เป็นสไลม์ไปซะแล้ว ซีซั่น 3 - ตอนที่ 67 [ซับไทย]](http://i.ytimg.com/vi/he_uIQ-Xv_Q/mqdefault.jpg)
So simple and so in depth analysis . Always pleased to hear and learn from him.
Did you invest in relaxo after hearing him ?? Would like to know how much you lost
He is expert in PMS not for retailers like us
@@factsofactsvideos2443 yes I would like to know
Aur hdfc most profitable nhi h state bank h 😂😂 reliance bhi sb juth bolta h ye
- be frugal
- have clarity of thought
- take risks
- make money
- stretch your brain
- be in good company
Super!
"Returns banau jhant bhar, gyan pelun raat bhar " - this quote applies the most to saurabh mukherji
Ha ha! Perfect.
What seems correct for promoters is correct for fund managers too. Fund managers who often come on TV, TH-cam and write books rarely make good wealth for their clients. Managers who sit quietly in their offices and make better investment judgements make superior returns.
exactly
Can't agree more
Can you mention some of those fund managers?
Bhai tu isi ki toh baat nhi kar rha?😂
Hdfc most profitable h reliance?? Stae bank ka profit bhi high h ??
Best storyteller, we can listen to him for hours without boring, but I'm not sure about his investing style, and it has not proven yet.
Yes,they dont have good track record
So true. He has trouble beating the benchmark of Nifty50 too. Stories don’t make money
Kya baat kar rahe ho yaar.... Uska fund chalu hua tabse benchmark ko beat kiya usne
@@rohanpawar5282democracy hain uske upar without credibility,accountability free me comment chapne ka oppurtunity...
I got about minus -20% over past three years after accounting for rupee devaluation
Unfortunately not only a story teller but seems to be a hardcore lier too
Pls only speak the truth Saurabh
He is spot on with what he says... CEOs like that Kingfisher guy was daily on Newspaper... now it's that Vedanta, Adani & Reliance CEOs... Don't hold this against Saurabh... unlike them his job is to attract more funds... which he is doing nicely...
"Saurabh Mukharjea" is another word for "Simplicity"
So simple words, yet so deep. Every time I watch Saurabh, I get amazed. So down to earth.
His stock picks are also down to earth
I don't follow Saurabh Mukherjee but can listen to him for hours.
Genius mind and absolute golden wisdom words
Thanks for all the teachings Saurabh. Been learning a lot and got benefitted :)
Thank you Sourav Sir
Each and every word is full of wisdom, this will definitely turn thinking process upside down and will change the lives of many, I am pretty sure of this.
Thank You very much Sir for giving us such a heightful realisation of reality.🙏
Marcellus pms schemes compounded returns since their inception vs average of top 100 mutual funds:
1. Consistent compounders 16.6% / Mutual funds average 20.5%
2. Kings of capital 11.3% / Mutual funds average 34.8%
3. Little champs 19.0% / Mutual funds average 26.4%
4. Rising giants (-11.0) % / Mutual funds average 17.6%
5. Meritor Q 11.45% / Mutual funds average 18.5%
Why should anyone invest in Marcellus which has not achieved returns in any of their PMS above the average of top 100 mutual funds?
yes he just simply looting money
Can you specify the source for mutual fund return that you have quoted here.
Provide source of mutual fund in detail
These r the one of the best 20 minutes i hv spend on youtube watching a video.... Thanks a ton for this eye opening info....
Glad it was helpful!
Amazing.
I am amazed how many people found this useful. This is BS
what specifically is bs?
My ideas for a better life align with his. Completely agreed.🙂
What an amazing Podcast! 👏🏻
Excellent video
He is a gem
Great content, pls take more interviews like this.
He is a good story teller. Better to invest in index than putting money in PMS. You only make the fund manager richer. I have burnt my fingers
For how much you were invested in market?
Agreed he is a great story teller,
And agree with most of his points,
Except believing in his ability to pick those 15 stocks in advance and ability to beat the index on overall basis in a long term horizon ( 10 years)
Any fund manager who was able to to do this for a long term horizon is a real genius, identifying such genius in advance is incredibly difficult
Very good explanation in simple way.
Simple and wonderful explanation ❤❤❤
Great interview...
Inspiring words, he's definitely right about this mindset. Cheers from the Netherlands!
20 years worth of life lessons in 20 minutes
master storyteller is back on the screen again to attract his potential clients
you are really outstanding
Stories, stories and more stories
24k fees in 2L min investment in MeritorQ. Called it low cost? Wow!
Saurabh: The ones who are visible are the ones who are useless.
Also Saurabh: Giving TV interviews and webinars every other day 😂
😂
thanks for better mic to mukherjea sir so many interviews off him volume would be low and it suffers me to grab the content of his lines
😂 So true.
Best life advice 👌
He is one of the best advisor
WOW - HOPE PEOPLE UNDERSTAND THIS LEASON , canadian
3 year horizon !!!! Crazy mindset. ....equity investing as per Buffett is multidecadal .....minimum horizon 25 to 30 y
Great content!
He is talking about 80/20 rule ig
Thank you
Brilliant
Saurabh is the most visible and fund manger with many public appearances. The most successful people avoid coming on tv is true.
By his own logic and facts - he has consistently underperformed the markets
Saurabh is the king
Superb
Doing great, Keep it up shivank 👏🏻
Great insights
As usual, Saurabh hit it out of Boundary! Short, specific yet so interesting! And educative too!!
Can we have the unedited video please?
At 3:26 : Net you are 20% Up. When it goes up by 50%, it is 150%, 20 % of 150 is 30, effectively leaving you with 120%😀
Education is important beta🤣
IRCTC 🎉❤
inspiring
Very insightful .
But yet to prove his mettle in investing world.
Plz do analysis about stock which have potential n still unknown..from where you will got your mozo..
Thanks alt sourav sir
+++ I'm also using my 6 year old iPhone SE
So why don't they research more about astronomy and space to serve for humanity if there mind has become to process anything fast.
For folks who are confused and angry with Saurabh, let me clarify for you guys. I am not on his side by the way. He has experience in the markets enough to run his funds like the other mutual funds that are doing well. But he has discovered a safer way that is continuous but slow. Anyone who has read him knows how much he admires Dravid. He sees investing just like that, slow but consistent and never out of the game for this he targets cash machines like Pidilite and Asian Paints, which are Indian counterparts of Coca cola and Sees Candy in the US. In India, CCPs give about 20-25% CAGR over 10 years. Saurabh calls these cash machines, Warren calls these compounding machines.
1. >10% revenue growth yoy
2. FCF
3. ROCE>Cost of K
1. If someone buys well known franchise stocks at overvalued prices, it should not be considered a safe operation. Sure, because of moats of these franchise businesses, chances of them going bankrupt is negligible. However, there are still chances that overvalued stocks won’t move for 2, 3 or more years or they can go down and in these cases these stocks may fail to provide safety against opportunity cost of an investor.
2. 20-25% CAGR which you mentioned is a “GAJAR” which is given by hypocrite fund managers to layman to increase their AUM. All Marcellus CCP stocks (Asian, berger, titan, nestle, pidilite, dr lal, divi’s, tcs, page) have grown their operating profits at below 20% CAGR in last 10 years and majority of them failed to improve their working capital cycle too in last 10 years. Then from where this 20-25% number came? FCF can grow above operating profit growth if working capital cycle reduces or if ROCE of business improves and none of which has improved in case of majority of CCP stocks in last 10 years. The only reason you see FCF above 20% in some companies is because they did lesser capital expenditure as a percentage of their profits and gave more dividends which have resulted in faster FCF growth. But as these companies will distribute more of their profits, their growth will also slow down which will at the end reduce FCF growth in future.
3. Saurabh Mukharjea uses warren buffet as a shield when he underperforms. In his initial videos which are on youtube, he said like “India me koi paisa nahi kama paoge warren buffett padhke.” How can you compare buffett who has stayed disciplined about his purchase price all his career with saurabh mukharjea who believes that all these well-known companies are always available undervalued?
@@lluvia2736 Thank you for your deep insight, I should've also mentioned that personally if someone purchases these CCP companies, PLEASE DONT BUY AT ANY PRICE. I have always bought companies after a crash or so when they were available at a discount. And the argument regarding the operating profit, yes, % wise it doesn't grow, but since the revenue of the company goes up yoy (above 10%), everything increases at a new level. After that since the operating profit margin stays above 15% and ROCE stays above 20%, it is monumental for Indian companies. And the revenue of these compounding machines are guaranteed because of their moats. Thus the cycle is complete and rest is in the hands of the traders, since they become the most disruptive companies in disguise, they have historically grown like 20-25% in the Indian share market (no one can guarantee the future, that's the fund manager's job not mine). I only learn from Saurabh but don't completely subscribe to his ideology. That's why I have bought more Relaxo shares after he sold them. I know for sure that these companies will ensure the highest growth for my wealth vs any other form of investment in India, now it can be 15%, 20%, 30%, so on.
The only marcellus stock which gave 20% PAT growth in last 10 years is HDFC Bank. The rest - Asian paints, Berger, pidilite have below 15% earnings growth. However, the stock price has given 20% plus kind of return. What you gotta remember is - in the long term, stock prices always follow earnings and the last 10 years his hasn't happened 🤐
@@piyush7700 that is because metrics don't follow market sentiment in absolute terms. Moreover PAT doesn't mean much if it isn't a compounding machine (ROCE>Cost of K), We are mostly concerned about EBIT. In the US ROCE above 10% is what most companies can do barring a few. In our country CCPs make around 20%. Think of it as a rank rather than a number game, More Revenue, More ROCE, More free cash, better compounding, now it can be 15% or 30% share price increment, that no one can tell. And don't compare with the index, because the index is a ranking, where the best automatically gets counted. Over 10 years, the idea might work, let's see...I would personally be the owner of the best businesses in the world than giving my money to the bank so that some guy can buy a TV with it...
Good interview
8:35
Best part 12:00
My bro must be fr smart for making loss in a bull market crazy strategy
❤❤
Superb 🎉
Good mindset analysis however zerodha founders broke all said traits and still made it , Could you explain on this ?
Which investment firm Saurabh is heading?
Marcellus Investment
Kharcha nhi krna ty phr kya krna??
But his theory hasn't worked in the last 3 years. Asian paints , HDFC Bank, Bajaj finance has been flat/under performing the market.
but you and I know that they are among the best in the business. so have patience as bigger investors want you out of the market
Rank him in top three Indian investor, after Raamdeo and Basant
Mr basant doesn't even hold 1% in any stock and his pms aum is less then 300 crore.
Sara dhanda youtube pe hai
@@d2e4U I listen to his investment ideas from NZ. I have been following Basant from long time. I cannot invest in India including his PMS so doesn't matter if he doesn't hold 1% .His ideas made me invest in Tesla when stock was 120 easy double in 6 months.
0:43 intro
All the haters of sourabh needs to give at least 5 years of time to him...
🙏🙏💐
Meritorq brochure says 50 lakhs and not 2 lakhs.. what did I misread?
Earlier it was 10 lakh now it is 2 lakh. Commission is fixed 20k.
Nice to listen to him, however ye zyada phek diya ki LSE mein library nhi tha... lol..
Result fear gone when you reach a certain level of success of course this level is different from person to person but in early stages each and every middle class has certain threats for result
Numbers says SBI is the most profitable company in India not HDFC Bank.
Kip it up Shivank
got about minus -20% over past 3 years after rupee devaluation
Unfortunately not sure about his investment philosophy
Does he make any money though?
I like hearing you. I would like to start with Rs. 2 lacs investment in equity with you. Advise process.
What has happened to divis, alkamine, relaxo, gmm etc...all the knowledge is based on attracting new clients to ur portfolio where u want exit based on new buyers....as a PMS u make right time entry and encourage new fools to invest in ur stocks which helps u to exit.
Good oratory skills doesn't away deliver right results.😂😂😂
Canada Govt can contact him.
Your money is not yours, until you spend it.
the point is investment advices will become costly again and why sebi cares so much about someone its their fault as well
Buying high PE stocks of great companies deosnt give anyone good results, its a very good strategy to raise money though. The great company saurabh invests are growing at 10 percent per annum with PE of 80 and above makes no business sense
Ask intersting questions and don't bore..us with regular questions
Pichhle saal ho stocks bola tha , 3 saal nhi 4 saal tak pakad k rakhta hu ....dekhte he ..kya hota he... Then donate kar dunga 😂
ALL HIS STOCKS ARE HEAVILY UNDER PERFORMING JUST HAVING MONEY DOESNT MAKE SOME ONE A GOOD INVESTOR
Kaise calculate kiya woh bolo....Sirf agenda mat bako
Only talk. Too good a sales machine. Performance has continued to be very poor
Now so many negative comments. 2 yrs back when i used to criticise him for buying extremely overvalued stocks , his follower used to bit my ass. He dont know how to earn from stock market
Asli paise to dusron ke paise manage karne me hai... fees and commission. Look at the case of Karthik Sarma's net worth of Rs 23,700 Crore .
bro vo car rental m invest krk kmaya h jada
wohi baat hai... Mutual fund me invest karne me aajkal faida hai hi nahi... @@GauravDewangan-tp2ef
He is keep saying Don’t spend, to phir kamana hi kyu.
Well what is the reason you need to spend money other needs , happiness is key factor right , This guy get happiness from purpose of seer growth and donation , might be different for other 😂😂
अगर खर्चा नहीं करोगे तो कंपनीयो का माल कैसे बिकेगा ।माल नहीं बिकेगा तो अर्निंगस नहीं आंएगी ।फिर शेयर का दाम नहीं बढेगा ।
थोड़ा खर्चा करना चाहिए भाई ।बैलेंस जरूरी है ।सात साल ज्यादा चला दिया जुता ।तीन साल ऐनफ है ।वैसे हश पपीज का जुता चलता काफी है टुटता ही नहीं है
He tell stories but doesn’t make money. Marcellus portfolio performance is worse than benchmark index
Good ceo"s should be invisible from limelight!
Looks like saurabh is doing opposite!
Should we ignore his gyaan?
Ghanta 10000 crore AUM
Marcellus is looting our hard earned money.
2% IRR till date - invested way back in Nov 21.
How come your strategy didn’t work for almost 3 Years and markets are touching high”s everyday basis.
Why investor need an advisor to invest in hdfc,asian paint and pidilite
अगर हम बैलेंस मे खर्चा करते हैं तो लोगो को रोजगार मिलता है ।फिर आपको किसी काज के लिए डोनेट करने की जरूरत नहीं पडेगी ।हां इस से आपके अंहकार को संतुष्टि नहीं मिलेगी की मैंने दान किया ।
खर्चा करना कमाना बैलेस रखना भी एक प्रकार की समाज सेवा है
हर आदमी सात सात साल जूता चलाने लग गया तो बाटा रिलेक्सो रेडटेप तो गया फिर
Hey Buddy met you in neugobus , this was a great video thanks for suggesting it bro . We are the guys who were going for the masters union hackathon , we took your advice and won cash prize bro . I wanted to tell you the moment we won but i did not have your contact . But thanks so much , I would like to connect with you more . see ya
820901028 Drop me a WhatsApp.
Book reading se book worm bante hai Saurabh, check all billionaires.. Dhiru Bhai to others, all were focused on their work, no books.