Sunil Singhania’s Abakkus Mutual Fund raises Rs 2,468 crore during NFO period of its maiden fund

Sunil Singhania’s Abakkus Mutual Fund has announced that the new fund offer (NFO) of their maiden fund, Abakkus Flexi Cap Fund, secured assets under management (AUM) with a subscription value of Rs 2,468 crore. The fund opened for subscription on December 8 and closed on December 22.

This reflects strong interest from investors across the country, with participation from nearly 5,518 pin codes across 2,000 cities. About 36,688 retail and 1,060 institutional investors subscribed to the flexi cap fund during the NFO period. To promote investment inclusivity and business scalability, Abakkus Mutual Fund has built an extensive network of 4,700 empanelled distributors, according to a press release by the fund house.

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“Favourable reception from investors across the country for our maiden fund is a testament to the strong brand capital of Abakkus Group and the trust built through prudent advisory offered by our sales team and distributors during the NFO period of Abakkus Flexi Cap Fund. Our portfolio construction is true to label flexi cap products, with diverse spread across market cap classifications and appropriate allocation to conviction ideas. We will aim to launch more funds in the coming years,” said Vaiibhavv Chugh, Chief Executive Officer, Abakkus Investment Managers.

The Abakkus Flexi Cap Fund is managed by Sanjay Doshi, Head of Investments and Research, and re-opened for investments from December 30, available in both regular and direct plans.

“Our flexi cap fund will be aligned to market conditions, offering the right balance of allocation across large, mid, and small caps. The fund will have notable allocation to conviction ideas and will be supported by a well-defined risk management framework aligned to long-term wealth creation,” said Sanjay Doshi, Head of Investments & Research, Abakkus AMC.

The equity scheme invests across large, mid, and small-cap stocks, offering portfolio flexibility across market capitalisations. The fund is benchmarked against the BSE 500 TRI and will invest a minimum of 65% of its assets in equities and equity-related instruments, with the balance allocated to debt, money market instruments, and up to 10% in REITs and InvITs.

All schemes under Abakkus Mutual Fund will follow the in-house MEETS framework, which focuses on Management pedigree and track record, Earnings quality and the ability of companies to multiply profits, Events/Trends that affect or disrupt operations, Timing of investment at reasonable pricing, and structural aspects like size of the opportunity and competitive positioning.

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The fund is suitable for investors seeking capital appreciation over the long term and aiming to generate capital appreciation by investing in equity and equity-related instruments across large, mid, and small-cap stocks.

The fund house thanked the investors for showing interest in the Abakkus Flexi Cap Fund and confirmed that the fund is open for subscription.

Abakkus Mutual Fund posted on social media platform X: “From across India, your trust has shaped this beginning. We’re thankful for the confidence shown in the Abakkus Flexi Cap Fund as the journey continues. Together, we grow with conviction and clarity.”
https://x.com/abakkusmf/status/2006289369209229703?s=20