Ambit Investment Advisors Pvt Ltd

Bhargav Buddhadev is the Co-Fund Manager of Ambit Emerging Giants Small Cap Portfolio at Ambit Asset Management. He has over 18 years of experience in Equity Research. Prior to joining Ambit, he worked with Kotak Mutual Fund where he was part of the investment decision-making process for identifying mid and small- cap funds. He also worked with Ambit Institutional Equities and was entrusted with the responsibility of researching mid-cap stocks. Bhargav was recognized in Asiamoney polls in 2017 and ranked as the 4th best analyst for Consumer Discretionary, 4th best analyst for Small Caps, 7th best analyst for Utilities and 10th best analyst for Conglomerates. One of his major contributions was the creation of a small-cap product called Beachcombing Series at Ambit Institutional Equities that identified undiscovered names and helped his team rank in the top 3 in Asia Money polls. The secret sauce to this was the extensive channel checks which were conducted by talking to competitors, suppliers and channel partners like distributors. Bhargav is a qualified Chartered Accountant, holds an MBA in Finance and is currently pursuing American CFA level II certification.

Dhiraj Agarwal possesses an extensive career spanning over three decades within the equities markets. His recent transition to Ambit Investment Managers Pvt Ltd. follows his successful tenure as co-head at Ambit Institutional Equities.Commencing his journey as a Research Analyst at SSKI, a prominent institutionalbrokerage house during the 90s, Dhiraj's trajectory led him to spearhead theInstitutional Equities division and co-found the pioneering online retail brokerageventure, Sharekhan.Between 2003 and 2006, Dhiraj capably managed the India Long-Short fund incollaboration with Boyer Allan, showcasing his acumen in the field. Thisexperience significantly informs his present role, as his insights and expertisecontribute to Ambit 365's framework, rooted in historical cycles and bolstered byrefined risk management practices to navigate the evolving market landscape.Dhiraj's worldview is deeply entrenched in the recognition that life operates incycles - a perspective exemplified by the rise and fall of fashion trends, andanalogous to the financial market's cyclic patterns, as expounded in CharlesKindleberger's "Manias, Panics and Crashes."Central to his investment management approach at Ambit 365 is the Sine Curveframework, reflecting Dhiraj's belief that investing and comprehending marketcycles are both art and science. His alignment with Howard Marks' notion in"Mastering the Market Cycle" underscores his understanding that prices respondto both fundamentals and psychology.Beyond studying the market- cycles, Dhiraj's passions extend to fitness and music.He believes in learning a new skill every few years. An avid reader, his reading list spreads over a wide array of genres- asdemonstrated by his recent enjoyment of "The Prince Musician," a biographydelving into the life of music luminary S D Burman. Intriguingly, Dhiraj draws aparallel between the harmonic structure of music waves and the cyclic nature ofmarkets - a perspective that encapsulates his holistic outlook.

Siddharth Bothra is the Fund Manager of Ambit Coffee Can Portfolio at Ambit Asset Management. He has over 25 years of experience in Investment and Equity Research. Before joining Ambit, he had a long ~18 year plus stint with Motilal Oswal Financial Services (MOFSL) across institutional equities and asset management. At Motilal Oswal Asset Management (MOAMC) he was part of the core team, which launched the active Mutual Fund in 2013. Siddharth Bothra was instrumental in growing MOAMC’s active Mutual Fund’s AUM from Nil to INR220b. He managed their Focused Large Cap 25 Fund and Aggressive Hybrid Fund and was overseeing ~INR150 billion across four funds at its peak. His expertise spans large-cap, midcap, flexicap and hybrid funds and is consistently positioned focused 25 in the top 10 funds in its category in nine out of eleven years, on long-term rankings. During his stint, MOAMC was recognized as the best equity house in 2018 by the Thomson Reuters Lipper Fund Award and ranked amongst the Top 100 Asset Managers in Asia by Institutional Investor. Before his asset management stint, Siddharth was an institutional analyst looking at various sectors from Mid caps, Infrastructure and Textiles. As an analyst he won several accolades and recognition. Siddharth is an alumni of the Indian School of Business (ISB), Hyderabad, which included an International MBA Exchange semester with NYU Stern School of Business, New York. Siddharth’s strong belief in long-term compounding aligns with the fund’s mandate and Ambit Asset Management’s investment philosophy, emphasizing quality and long-term goals.

Mr.Trilok Agarwal is the Fund Manager of Ambit Good & Clean Midcap Portfolio and Ambit Emerging Giants Portfolio at Ambit Asset Management. He has over 16 years of experience in Investment and Equity research. Before joining Ambit, he worked with Dymon Asia Capital and Aditya Birla Sun life limited. (ABSLI). He was the core member of the investment team that overlooked equities over $2bn. In the initial phase of his career, he tracked research across various sectors Auto, Telecom, Consumer, Discretionary, chemicals, and Cement to name a few. His cross-sector exposure and eye for detail ensured his progress to becoming a fund manager quickly. Due to his superlative & consistent performance and contribution, he won serval accolades and was appreciated on various platforms, nominated as a Young leader three years in a row across Aditya Birla Financial Services group. At the time of his departure from ABSLI, he was managing funds of over $500mn. During his tenure, funds generated an average alpha of 280bps over 5-year tenure with consistent outperformance vs benchmark. He has also played a pivotal role in launching and scaling up funds for ABSLI during 2016-20 and garnered over Rs. 1000cr of AUM. At Dymon Asia Capital, he was looking at alternate Investment funds with a mandate to generate alpha by doing long/ short.