What is TenX?

Indian economy to be on structural growth path.

  • GDP to grow 3x plus in the next decade on the back of structural growth drivers
  • We expect India to be only the third country in the world to reach US$10tn mark

Mid and small cap companies to be beneficiary of the same.

  • We expect structural 13% nominal GDP growth to lead to steady double digit earnings growth for broader markets.

TenX portfolio to leverage this opportunity.

  • Companies that can grow there earnings TenX in the next 12-15 years.
  • Low penetration, strong leadership, light balance sheet to be the key driving factors
  • Expect earnings CAGR of 18-21% in the portfolio over the next decade

Think like a business owner focus on earnings growth and long term.

  • Returns will automatically follow

Why the Ambit TenX Portfolio?

Playing the india growth story

Long term portfolio that aims at structural wealth creation

Playing the earnings growth story in the mid - small cap space

High quality companies in niche segments

Highly differentiated product offering

Backtested Returns/ Model performance

TenX philosophy delivers

Consistent Out-performance in Backtested portfolio (over - )

CYAmbit Tenx Portfolio(in %)BSE 400(in %)

Point to point retruns( Over - )

PeriodAmbit Tenx Portfolio(in %)BSE 400(in %)

Investment framework

Companies Market Capitalization > 1000 Cr.
Ambit Good and Clean Framework
Check for companies present in an underpenetrated market with lower per capita consumption Net Debt to equity < 1.0
Bottom-up research, Industry Analysis, Management meets and Channel Checks
Concentrated portfolio of 15-20 primarily mid and small cap companies
Monitor earning potential of companies in potfolio
Average Churn ~15 - 20% p.a.

Who is the fund manager?

The process is the fund manager

  • Revolutionizing fund management
  • Moving away from people towards process
  • Team first to client first prioritizing our fiduciary duty of staying true to the clients needs

A team of highly motivated and skilled research analyst drive ideation

Also, ensures ownership of the idea and constant monitoring

  • Staying ahead of the curve

Two step approval process – Research team & Investment Committee ensures robustness

Democratic process ensures healthy debate and disagreement

  • We don t get married to our calls

Future talent grooming

  • Keeping the well oiled machine going

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