- Ambit Pricing Prowess Fund's top holdings include Eternal at 6.7% and Eicher Motors at 5.1%
- The fund's portfolio is 49.3% large cap, 25.5% mid cap, 22.4% small cap, rest in cash as of July 31
- Emerging Giants Small Cap Portfolio led by CCL Products at 8%, returned 11.9% since December 2017
Ambit Asset Management's Pricing Prowess Fund, a flexi-cap Category III alternative investment fund, has built its top holdings around Eternal at a 6.7% weight, followed by Eicher Motors at 5.1%, Phoenix Mills at 4.9%, Aegis Vopak Terminals at 4.6% and Maruti Suzuki at 4.1%, according to the asset manager's August newsletter.
The fund, which had its first close in September 2025, is not restricted to a single market-cap segment. It can move capital across large, mid and small caps, and a select set of unlisted businesses, based on where it finds the best combination of quality and valuation. As of July 31, the portfolio was split 49.3% large cap, 25.5% mid cap and 22.4% small cap, with the rest in cash. Financials are the largest sector exposure at 17.9%, followed by consumer discretionary at 13.5% and automobiles at 11.5%. The strategy has returned 0.2% since inception through July 31, against the BSE 500's 0.1% and the Nifty 50's -3.1% over the same period.
HDFC Bank Tops Coffee Can Portfolio
Among Ambit's other strategies, HDFC Bank leads the Coffee Can Portfolio with a 9% weight, followed by Eternal and Eicher Motors at 7% each, Bharti Airtel at 6% and Bajaj Finserv at 5%. The portfolio, which invests in resilient retail and consumption-oriented franchises without attempting to time cycles, is weighted 66% towards large caps. It has returned 13.1% since its June 2017 inception through July 31, against the Nifty 50 TRI's 12.1%.
What is Ambit Capital betting on? Top stock picks across four portfolios.
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Lupin, Shriram Finance Lead Good & Clean
The Good & Clean Portfolio, which screens for clean accounting and efficient capital allocation, counts Lupin and Shriram Finance as its top two holdings at 6% each, with Aegis Logistics, TVS Motor and Bharat Electronics at 5% apiece. The strategy leans towards large and mid caps, with a combined 71% allocation between the two segments, and has delivered a 12.7% return since its March 2015 inception, against the BSE 500 TRI's 12.3%.
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CCL Products, Venus Pipes Headline Emerging Giants
In the small-cap space, the Emerging Giants Small Cap Portfolio is led by CCL Products India at 8%, followed by Venus Pipes & Tubes at 6.5%, Arvind Ltd and R R Kabel at 6% each, and City Union Bank at 5%. The fund invests in small caps with market capitalisation below Rs 10,000 crore and has returned 11.9% since its December 2017 inception, trailing the Nifty Smallcap 250 TRI's 12.5%.
Thejo Engineering, Globus Spirit Top Micro Marvels Picks
Ambit's newest strategy, the Micro Marvels Portfolio, holds Thejo Engineering and Globus Spirit as its top picks at 8% each, with Sanstar, Entero Healthcare Solutions and Macpower CNC Machines at 6% apiece. Launched in July 2024, the fund is almost entirely allocated to small and micro caps and has returned -5.2% since inception through July 31, underperforming the Nifty Smallcap 250 TRI's 1.4% gain over the same period.
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