Co-founder Gubbi leads Marcellus foray into MFs as it looks beyond ultra HNIs

Marcellus Investment Managers Pvt. Ltd’s co-founder Pramod Gubbi is said to be helming the firm’s foray into India’s ₹81 lakh crore mutual fund industry, according to two people familiar with the matter. The move signals a strategic shift to a sales-first approach for the high-profile portfolio management service (PMS) provider, synonymous with chief investment officer…

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Direct retail share in cash market falls to lowest in a decade

The share of direct retail participation in India’s largest stock exchange’s cash turnover has fallen to its lowest in a decade, dragged down by risk aversion amid underperforming equity benchmarks, the rise of mutual funds and reallocation towards initial public offerings. Direct retail contribution as a percentage of gross turnover–buy plus sell volumes–fell to 33.6%…

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