Sunil Singhania-backed Abakkus Flexi Cap Fund increases stake in RIL, Vedanta Power and 32 others

Sunil Singhania-backed Abakkus Flexi Cap Fund increased its exposure to Reliance Industries, Vedanta Power and 32 other stocks in its portfolio in July, according to the monthly portfolio disclosed by ACE MF.

The fund added 1 lakh shares of Reliance Industries in its portfolio and had 15 lakh shares in its portfolio in July compared to 14 lakh shares in the previous month. The flexi cap fund added 92.77 lakh shares of Vedanta Power in its portfolio and had 2.23 crore shares in its portfolio in July.

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Among the other 32 stocks, the maximum number of shares of NTPC were added to the portfolio as nearly 26.50 lakh shares of this stock were added to the portfolio taking the total count to 47.50 lakh in July.

Around 14.08 lakh shares of Edelweiss Financial Services were added to the portfolio, followed by 13 lakh shares of Vedanta Aluminium Metal and 7.50 lakh of Indus Towers in July.

The flexicap fund added 5.25 lakh shares of SBI, 4 lakh shares of HDFC Bank, and 3.50 lakh shares of ICICI Bank. The other 25 stocks where the fund increased its exposure include names such as Kajaria Ceramics, Tata Steel, L&T, M&M, OFSS, ICICI Prudential AMC, Dixon Technologies (India), Aether Industries, Urban Company, Tata Motors and Divi’s Laboratories.

The fund trimmed its exposure to three stocks — Bajaj Auto, Cyient DLM and Avalon Technologies. It sold around 2.56 lakh shares of Cyient DLM, reducing its holding to 14.23 lakh shares in July.

Around 1.16 lakh shares of Avalon Technologies and 13,114 shares of Bajaj Auto were sold out from the portfolio.

A complete exit was made from Bank of Baroda by selling 52 lakh shares worth a market value of Rs 141 crore. International Gemological Institute was the new entrant in the portfolio, and the fund added 10.94 lakh shares in its portfolio worth a market value of Rs 38 crore.

The exposure in seven stocks remained unchanged, which includes names such as Leela Palaces Hotels & Resorts, Supriya Lifescience, PNB Housing Finance, ICICI Prudential Life Insurance Company, United Spirits, Heritage Foods and Deepak Fertilisers And Petrochemicals Corporation.

In July, the flexi cap fund had 45 stocks in its portfolio which remained unchanged compared to the previous month.

As a percentage to NAV, the fund had the highest allocation in ICICI Bank of around 5.55%, followed by 4.72% in HDFC Bank and 3.89% in SBI in June.

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Launched on December 29, 2025, the fund has delivered a 12.39% return since inception. Over the past three months, it returned 10.50%, compared with 3.65% for the benchmark. In the last six months, the fund gained 11.92%, while the benchmark declined 3.56%.

The primary investment objective of the scheme is to generate capital appreciation & provide long-term growth opportunities through equity and equity related instruments by investing in a diversified portfolio of large cap, mid cap and small cap securities and the secondary objective is to generate consistent returns by investing in debt and money market securities.

It had an AUM of Rs 6,338 crore in July up from Rs 5,300 crore in June. It is benchmarked against the BSE 500 Index (TRI) and is managed by Sanjay Doshi (Equity) and Abhishek K S (Fixed Income).

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