Ambit Emerging Giants Portfolio

Alpha (1Y)	Beta (1Y)	Standard Deviation (1Y)	% of +ve Months (SI)
-9.95%	0.68	22.93%	58.51%

Ambit Emerging Giants Portfolio

KEY PORTFOLIO ATTRIBUTES #

Year of Inception	2017-12-01
Number of Stocks	-
Alpha (1Y)	-9.95%
Beta (1Y)	0.68

About AMBIT CAPITAL

Ambit is one of India’s premier providers of financial advice and capital, focused on delivering tailor-made financial solutions that are suitable to clients’ needs. These are based on deep understanding of the Indian economy and market forces, unmatched research and client-focused approach. Their business acumen gives them the ability to see the big picture and understand the levers that affect the business drivers through smart decisions and actions that can increase the long-term profitability for clients resulting in sustainable growth.

Investment Objective

Ambit Emerging Giants PMS is a portfolio of companies that aims to create wealth over long periods of time by investing in the leaders of tomorrow, i.e. it is a small-cap oriented portfolio.

Smallcaps are largely undiscovered with low analyst coverage and lower liquidity resulting in valuation disconnect with fundamentals. Thus, the objective of Ambit Emerging Giants Portfolio is investing in the highly rewarding yet challenging world of small caps through their good & clean framework. In other words, it looks to identify the Coffee Can companies of tomorrow.

Investment Strategy

Ambit’s Emerging Giants portfolio aims to invest in small-cap companies with market-dominating franchises and a track record of clean accounting governance and capital allocation. The fund typically invests in companies with market caps less than Rs2,500cr. The stocks are screened through stringent quantitative filters and focus is on earnings growth + earnings quality.

Ambit Emerging Giants’ Portfolio selection process focuses on picking businesses with a good track record of efficient capital allocation and clean accounting practices, to pick the right investments. The aim is to build a low churn and concentrated portfolio of 15-20 companies, which can create wealth for investors in a relatively riskless fashion over a long time period.

Ambit Emerging Giants PMS looks to explore opportunities in the under-researched and under-owned world of small-caps, to deliver steady returns in what is traditionally perceived to be a high-risk investment.

The bigger idea is to identify small cap businesses, with strong leadership position in the micro or niche market that they are operating in. It not only gives them effective pricing power but help them gain in scale and become large companies of tomorrow.

Investment Philosophy

Ambit’s Emerging Giants are LEADERS and WINNERS in growing industries:

Stellar track records of capital allocation in terms of RoE
Low debt with the median portfolio company cash positive
Median market cap of the portfolio is ~ Rs 4,884 cr.
Growth potential above the comparable index
Reasonable valuations for quality stocks
Niche segment leaders will create industries in 7-10 years

Investment Process

Ambit Emerging Giants PMS’ ideology states that good risk adjusted returns is an outcome of Good Processes characterized by:

Stringent quantitative filters

▪Each offering is based on deeply researched and back tested framework to generate the investment universe
▪High threshold for performance over long spans of time, greatly minimize chances of poor performers or poor quality companies entering into the investment universe
▪High quality of accounts and corporate governance is uncompromised

Experienced team & deep-dive research

▪ Dedicated and experienced research team
▪ Research processes inspired by IE Research
▪ Investment Committee to approve all investment decisions
▪ Part of larger Ambit group lends advantages
▪ Focus on what is knowable and what is important

Focus on earnings growth + earnings quality

▪Lower obsession with timing when one is investing in a superior calibre of companies
▪Companies with a consistent track record and leadership traits are preferred
▪Past track record + Future sector potential + Current management capabilities = Comfort on delivering quality earnings

Risk Management

▪Concentrated Portfolios deliver best returns as returns do not get average out
▪Lower drawdowns due to consistent performers in secular sectors
▪Long term orientation with low churn realize the power of compounding

Investment Approach

Ambit Emerging Giants PMS follows the below mentioned investment approach:

SEBI Defined Small Cap companies
Check for efficiency of capital allocation (Good)
Check for quality of accounts & Corporate Governance(Clean)
Bottom-up Research: Industry Analysis, Management meets & Channel checks
Concentrated portfolio of 15-20 companies
Constant monitoring & review
Churn = 15-20%

Awards & Achievements (Across Ambit PMSs)

In 2021, Ambit Coffee Can Portfolio was awarded Rank #3 as the Best PMS in the Multi Cap category, on a 3Y Risk-Adjusted Returns. These Awards were hosted by PMS AIF WORLD, in association with IIM-Ahmedabad.

Performance Table #

Trailing Returns (%)	1m return	3m return	6m return	1y return	2y return	3y return	5y return	10y return	Since inception return
Ambit Investment Advisors Emerging Giants	-2.00%	-8.80%	12.10%	-18.80%	-5.10%	3.60%	13.60%	-	11.50%
BSE 500 TRI	1.20%	-3.20%	7.20%	-5.50%	15.50%	16.10%	20.70%	-	13.60%

QRC Report Card *

Strategy	Category	Fund Manager	Date of Inception	Age Of PMS	Corpus (in Cr, approx)	Benchmark	Returns SI (CAGR)	Stocks In Portfolio	Sectors In Portfolio
Ambit Investment Advisors Emerging Giants	Small Cap	Trilok Agarwal & Bhargav Buddhade	01 December 2017	7Y 10M	-	BSE 500 TRI	11.50%	-	5

		Portfolio Quality (Q)			Portfolio Risk (R)			Portfolio Consistency (C)
Index	Category Alpha (1Y)	Relative Alpha (1Y)	% of +ve Months (Fund Data)	Alpha (1Y)	Beta (1Y)	Standard Deviation (1Y) (Fund Data)	Sharpe Ratio (1Y) (Fund Data)	Alpha (SI)	Information Ratio (SI)	Consistency Ratio %
Nifty 50	2.23%	-17.27%	58.51%	-15.04%	0.98	22.93%	-0.96	-0.31%	-0.02	52.13 %
Nifty 500	3.11%	-16.55%		-13.44%	0.95			-0.79%	-0.06	47.87 %
Nifty Midcap 100	0.93%	-14.64%		-13.71%	0.85			-2.90%	-0.24	46.81 %
Nifty Smallcap 100	2.01%	-11.96%		-9.95%	0.68			2.02%	0.14	53.19 %

VIEW DETAILED QUALITY, RISK, CONSISTENCY ANALYSIS

Portfolio Holdings

Holding	%

Sector Allocation

Holding	%
Consumer Discretionary	30.00
Industrials	16.00
Chemicals	15.00
Information Technology	9.00
Financials	8.00

Market Cap Allocation

Allocations	%
Large Cap	0.00
Mid Cap	0.00
Small Cap	98.50
Cash	1.50

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Disclaimer

#Returns as of 30 Sep 2025. Returns up to 1 Year are absolute, above 1 Year are CAGR.

*QRC Report Card data is updated quarterly. Current data is as of Aug 25.

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Ambit Emerging Giants Portfolio