Sunil Singhania’s Abakkus receives Sebi nod to start mutual fund business

Sunil Singhania’s Abakkus Asset Manager has announced to receive final approval from the Securities and Exchange Board of India (SEBI) to start its mutual fund operations under the name “Abakkus Mutual Fund”.

This milestone approval enables the firm, a leading player in the alternate space and renowned for its alpha-focused investment approach in Indian equities, to extend its disciplined investment philosophy to a wider investor base across India, according to a press release.

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Since its inception in 2018, Abakkus has built a strong reputation through its Portfolio Management Services (PMS) and Alternative Investment Funds (AIFs), managing approximately Rs 37,900 crores (as on July 31, 2025).

The firm's entry into the mutual fund space is a significant milestone, aiming to make its research-driven, high-conviction investment strategies accessible to a wider investor base. Leveraging the firm’s deep research capabilities and disciplined investment frameworks, the newly established Abakkus Investment Managers Private Limited (Abakkus AMC) will introduce actively managed mutual fund schemes.

The AMC’s offerings will endeavour to create long term wealth by combining fundamental analysis, strict adherence to risk management, and clear communication to investors. The fund house is committed to upholding the highest standards of transparency, investor education, and client service.

"We are immensely grateful to SEBI for placing their trust in us. This is a pivotal moment for Abakkus," said Sunil Singhania, Founder of Abakkus.

"Our goal is to bring the same rigor, discipline, and alpha-generating focus that have defined our PMS and AIF offerings to the mutual fund arena. We believe there is a significant opportunity to create long-term wealth for retail investors by adhering to our core philosophy of identifying quality companies with strong growth potential. We are excited to empower and serve millions of investors to participate in India's growth story. We have put together a great and experienced team to lead the effort of becoming a relevant player in the Indian Mutual Fund space over the next few years," Singhania said.

Abakkus entered the Indian Mutual Fund industry at a time of robust growth for the industry. With Assets Under Management (AUM) reaching Rs 75 lakh crores (~$860 billion) as of July 2025, a more than six-fold increase over the past decade, the industry is witnessing increasing participation from investors.

"Our entry into the mutual fund space is built on the same foundation that has defined Abakkus from day one: operational excellence, a client-centric approach, and an unwavering commitment to the highest standards of compliance and governance. We are dedicated to providing a seamless and trustworthy experience for all our investors." added Biharilal Deora, Director of Abakkus Asset Manager Private.

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"To bring our investment philosophy to a wider audience, we are significantly enhancing our digital infrastructure. By leveraging technology, we aim to democratize wealth creation opportunities, making our products accessible to investors in every corner of India and ensuring a smooth, digital-first experience," Deora said.

The firm looks forward to launching its initial suite of actively managed equity mutual fund schemes in the coming months, with plans to strategically expand its offerings to include debt, hybrid, and multi-asset solutions in the future.

“Mutual funds are a preferred pooled vehicle for retail investors, offering the crucial benefits of diversification and professional management that are often hard to achieve individually. At Abakkus AMC, our alpha-focused, research-intensive approach is a match for this structure. By packaging our core 'growth in value' philosophy into mutual fund schemes, we are not just offering a product, but a disciplined and robust investment process designed to generate long-term wealth for investors across the country,” said Sanjay Doshi, Head of Equities and Research at Abakkus AMC.

Besides having products investing in listed Indian equities, Abakkus has also been very active in the private equity space. It has established a strong track record of generating alpha through a blend of rigorous fundamental research and a proprietary MEETS framework that emphasizes business sustainability and disciplined processes.

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