Marcellus Investment Managers a portfolio management company has launched its new open-ended PMS, ‘Kings of Capital Portfolio (KCP)’ that focuses on financial services stocks.
The PMS will focus on 10 to 14 high quality financial companies with clean books of accounts, a long historical track record of prudent capital allocation and high barriers to entry. These firms are gaining market share in the wake of the multiple disruptions caused in the financial services industry over the past few years, said the company press release.
Tej Shah, Fund Manager, Marcellus Investment Managers said, “In the wake of the disruption caused by covid-19, we are seeing significant consolidation across all segments of the financial services sector whether it be banks, NBFCs, insurance companies, AMCs, stockbroking or wealth management. The PMS will give investors a clean, transparent way to profit from this consolidation in what is by far the largest sector of the stock market.”
The PMS will not have any entry or exit load and lock-in period. The portfolio will be benchmarked to the Nifty Banks index. The minimum investment amount will be Rs.50 lakh and investors will have an option to choose between fixed fees of hybrid fees.