Our portfolios are built around firms that sell essentials: Marcellus CIO

Saurabh Mukherjea says that his three-step approach to investing does not focus on short-term factors like what central banks are doing or what will do well in the festive season

With the markets near their record highs, picking the right stock is essential to maximise the portfolio return. Saurabh Mukherjea, founder and chief investment officer, Marcellus Investment Managers, tells Puneet Wadhwa in an interview that his three-step approach to investing does not focus on short-term factors like what central banks are doing or what will do well in the festive season. Edited excerpts:
 
How vulnerable are the markets to a meaningful correction now? What are your key concerns?
 
We don’t focus on the broader markets because of the polarised nature of corporate profitability in India — 20 Indian