Ambit Asset Management launches ‘TenX Portfolio’ fund

The Ambit TenX Portfolio is a flexi-cap scheme that will primarily consist of 15-20 high-quality mid- and small-cap companies, with an option to fast-track large-caps as well. The portfolio may include new age businesses, medium and small sized businesses that have the potential to become the large-caps of tomorrow.

According to the asset management arm of Ambit Group, the scheme will leverage India’s GDP growth, which is expected to triple to touch the $10 trillion mark in the next decade, on the back of structural growth drivers, Provides abundant opportunities. Indian businesses will expand manifold in the same period.

The Ambit TenX portfolio will look to invest in future-oriented companies that have 10-x earnings growth potential over the decade, including businesses that have low market penetration, strong leadership within a niche sector, and those looking to expand Have strong balance sheets. Seize growth opportunities.

According to the asset management company, India is currently at a turning point, and the economy has immense growth potential, driven by factors such as low interest regimes, rapid formalization of businesses, strong capex pipeline and government reforms.

Sushant Bhansali, CEO, Ambit Asset Management, said, “As Indians increasingly move towards financial savings, there is a strong feeling of shift from traditional savings options to equity funds for higher investment returns. V Ambit’s TenX Portfolio will aim to create lasting wealth for investors through long-term and patient capital.

Ambit’s TenX portfolio will invest in companies that are present in a market with low per capita consumption and with an equity ratio below 1.0.

The portfolio selection of companies will be based on Ambit’s proprietary Good and Clean Framework approach, achieved under three strong pillars – clean accounting, conservative capital allocation and good governance.