According to Ambit Asset Management's August newsletter, the Pricing Prowess Fund has established its top holdings around Eternal at 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%. The fund, which had its first close in September 2025, operates as a flexi-cap Category III alternative investment fund that can move capital across large, mid and small caps, along with select unlisted businesses. As of July 31, the portfolio allocation stands at 49.3% large cap, 25.5% mid cap, 22.4% small cap, with the remainder in cash.
Financials represent the largest sector exposure at 17.9%, followed by consumer discretionary at 13.5% and automobiles at 11.5%. The strategy has delivered a 0.2% return since inception through July 31, outperforming the BSE 500's 0.1% and the Nifty 50's -3.1% over the same period. The fund's approach focuses on finding the best combination of quality and valuation across market capitalizations.
In Ambit's Coffee Can Portfolio, HDFC Bank leads 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, maintains a 66% allocation towards large caps and has returned 13.1% since its June 2017 inception, outperforming the Nifty 50 TRI's 12.1%.
The Emerging Giants Small Cap Portfolio is led by CCL Products India at 8%, followed by Venus Pipes & Tubes at 6.5%, with Arvind Ltd and R R Kabel at 6% each and City Union Bank at 5%. This fund, which invests in small caps with market capitalization below ₹10,000 crore, has delivered 11.9% returns since December 2017 inception, trailing the Nifty Smallcap 250 TRI's 12.5% performance. The Good & Clean Portfolio, which screens for clean accounting and efficient capital allocation, counts Lupin and Shriram Finance as top holdings at 6% each, with Aegis Logistics, TVS Motor and Bharat Electronics at 5% apiece. The strategy leans towards large and mid caps with 71% allocation between the two segments and has delivered 12.7% returns since March 2015 inception.
The Micro Marvels Portfolio, launched in July 2024, holds Thejo Engineering and Globus Spirit as top picks at 8% each and has returned -5.2% since inception through July 31. The fund is almost entirely allocated to small and micro caps and has underperformed the Nifty Smallcap 250 TRI's 1.4% gain over the same period.
