Asset Management

Sushant brings over 24 years of experience, including 17 years at Ambit in various senior leadership roles and as a member of the Executive Committee. He has led the Asset Management business for more than five years, during which he has grown the AUM over tenfold and expanded the franchise to 10 cities.

Before this role, Sushant headed Ambit’s Principal Investment business, investing the firm’s balance sheet in listed equities. Over six years, his team delivered exceptional returns by running a high-conviction, concentrated portfolio focused on small- and mid-cap Indian companies.

He began his journey at Ambit in the Group CEO’s office, spending nearly five years working on M&A, capital raising, new business development, joint ventures, leadership initiatives, and the firm’s first private equity fundraise. Prior to Ambit, he worked with global firms such as MSCI Inc. and PriceWaterhouseCoopers.

A Chartered Accountant, Sushant also holds a Post-Graduate Diploma in Business Management from the Indian School of Business (ISB) and has completed the Advanced Management Program at Harvard Business School. He is the Vice Chairman of the Association of Portfolio Managers of India (APMI), has served as Secretary of the ISB Alumni Association, and is a board member at Teamwork Arts (producers of the Jaipur Literature Festival).

Siddhartha Rastogi is the Chief Operating Officer and Head of Sales at Ambit Asset Management, with over 23 years of experience in financial markets. A key pillar of the Ambit Group for more than 15 years, he was also a co-founder of IIFL Wealth. Previously, he led HSBC’s Peddar Road branch — the largest and most profitable wealth branch in the country — as its youngest Branch Head.

Siddhartha has held leadership roles at Citibank, UTI Bank, and brings deep expertise across wealth management and merchant banking. He is a Commerce Honours graduate from the University of Delhi, a Company Secretary (Intermediate), and holds a PGDBA from NMIMS, Mumbai.

He is also the author of two books, “The 100X Formula – How to Win in Investing, Life and Relationships” & “8 Minute Decision”, which help with effective decision-making.

Bhargav Buddhadev is the Fund Manager of Ambit Micro Marvels Portfolio at Asset Management. He has over 20+ years of experience in investment and 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, the 7th best analyst for Utilities and the 10th best analyst for Conglomerates.

One of his major contributions was the creation of a small-cap product called the Beachcombing Series at Ambit Institutional Equities that identified undiscovered names and helped his team rank in the top three in Asia Moneypolls. The secret sauce to this success was the extensive channel checks whichwere conducted by talking to competitors, suppliers and channel partners like distributors.

Bhargav is a qualified Chartered Accountant and holds an MBA in Finance.

Trilok Agarwal is the Fund Manager of the Ambit Good & Clean Portfolio and Ambit Emerging Giants Small Cap Portfolio at Asset Management. He has over 18 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 oversaw equities over INR 15000Crs.

In the initial phase of his career, he tracked research across various sectors, including auto, telecom, consumer, discretionary, chemicals, and cement. His cross-sector exposure and eye for detail ensured his progress to becoming a fund manager quickly.

Due to his superlative and consistent performance and contribution, he won several accolades and was appreciated on various platforms, nominated as a Young Leader three years in a row across the Aditya Birla Financial Services group.

At the time of his departure from ABSLI, he was managing funds of over INR 4000Crs. During his tenure, funds generated an average alpha of 280bps over a five-year tenure with consistent outperformance versus the benchmark. He has also played a pivotal role in launching and scaling up funds for ABSLI during 2016-2020 and garnered over INR 1000Crs of AUM.

At Dymon Asia Capital, he was looking at alternative investment funds with a mandate to generate alpha by doing long/short.

Lovelesh Manocha is the Fund Manager of Ambit Coffee Can Portfolio at Ambit. He has over 18 years of experience in capital markets, primarily in investments and equity research. Prior to joining Ambit, he was a Fund Manager at Bandhan Life (formerly Aegon Life), where he managed multiple large-cap funds. During his tenure at Bandhan Life, he actively managed portfolios earned Morningstar 4-Star and 5-Star ratings, consistently outperformed their benchmarks, and generated an average alpha of over 300 bps.

Lovelesh holds a CFA, PGDM from IIM Lucknow, and a B.E. in Chemical Engineering from Panjab University.

Rahul Maheshwary is an Associate Fund Manager at Ambit Asset Management. He has over 11 years of experience in fund management and equity markets, with a focus on long-short strategies, portfolio construction, active fund management, and equity research.

Now in his second stint with Ambit Asset Management, Rahul brings the benefit of a longstanding association with the firm, having been part of it earlier in his career. Prior to joining Ambit Asset Management, Rahul was associated with Dolat, TCG, and IDBI Asset Management, where he was involved in equity research across a diverse range of sectors, including financial services, consumer businesses, pharmaceuticals, and telecom.

Rahul is a qualified Chartered Accountant and an alumnus of the Indian Institute of Management Calcutta.