Abakkus Mutual Fund
Abakkus Mutual Fund is an Indian asset management company sponsored by Abakkus Asset Manager LLP, founded by Sunil Singhania, the long-tenured value investor known for his earlier role at Reliance Mutual Fund (now Nippon India Mutual Fund ). The AMC was operationalised in 2024-2025 after SEBI approval, evolving from Abakkus’s existing Portfolio Management Services (PMS) and Alternative Investment Fund (AIF) businesses launched in 2018. Abakkus Mutual Fund operates under SEBI registration and the SEBI (Mutual Funds) Regulations 1996 framework.
Sunil Singhania spent 22 years at Reliance Mutual Fund, eventually serving as CIO Equities, where he built one of the most-respected long-term track records in Indian equity investing. He founded Abakkus in 2018 after leaving Reliance, with the new firm focused on value-investing strategies through PMS (Rs 50 lakh minimum) and AIF (Rs 1 crore minimum) structures. The mutual fund AMC extends the Abakkus investment philosophy to retail investors at standard SEBI minimums.
As of mid-2025, Abakkus Mutual Fund’s AUM is in the early-stage range typical for newer AMCs (Rs 1,500-3,000 crore). Like Old Bridge Mutual Fund (Kenneth Andrade) and Unifi Mutual Fund (Sarath Reddy), Abakkus is part of the founder-led-value-investing specialist niche that has expanded rapidly through the 2020s.
Founder background
Sunil Singhania
Sunil Singhania joined Reliance Mutual Fund in 1995 in equity research, eventually rising to CIO Equities. During his 22-year tenure (1995-2017), Reliance Mutual Fund grew from a small AMC to one of India’s largest, with Singhania’s equity investment leadership widely credited as a major driver of the AMC’s reputation.
Singhania’s investment approach combines:
- Value-orientation with emphasis on businesses trading below intrinsic value.
- Concentrated portfolios of 30-50 stocks rather than the 100+ holdings of broad-market AMCs.
- Long-term holding periods with low portfolio turnover.
- Sector rotation based on cycle and valuation signals.
- Patient capital deployment during market corrections.
Singhania left Reliance Mutual Fund in 2017 and founded Abakkus in 2018, with the firm initially focused on PMS strategies.
Abakkus Asset Manager (PMS + AIF, 2018-2024)
Abakkus Asset Manager was founded in 2018 as a PMS provider and subsequently expanded into AIF structures. The PMS operations grew rapidly through 2018-2024, building AUM exceeding Rs 10,000 crore by 2024 across PMS and AIF strategies. Notable strategies:
- Abakkus Diversified Alpha Fund (flagship PMS).
- Abakkus Emerging Opportunities (smaller-cap focus).
- Various AIF Category III long-short and long-only strategies.
2024-2025 mutual fund operationalisation
In 2024-2025, Abakkus Asset Manager received SEBI approval to operate a mutual fund AMC. The mutual fund launch was a natural progression of the firm’s evolution, bringing the Abakkus investment philosophy to retail mutual fund investors.
The mutual fund AMC operations are operated through Abakkus Asset Management Company Limited (a separate entity from the PMS and AIF activities, as required by SEBI conflict-of-interest provisions).
Product range
Abakkus Mutual Fund’s scheme line-up focuses on equity-oriented strategies aligned with the founder’s specialty:
Equity-oriented schemes:
- Abakkus Emerging Opportunities Fund (small and mid-cap focus).
- Abakkus Flexi Cap Fund .
- Abakkus Diversified Equity Fund.
- Abakkus Focused Equity Fund.
The scheme line-up may expand through 2025-2027.
Investment philosophy
The Abakkus investment approach in mutual fund form:
- Value-investing with cycle awareness.
- Concentrated portfolios of 30-50 stocks per scheme.
- Long-term holding periods.
- Active sector rotation based on valuation signals.
- Bottom-up stock selection with extensive company-level research.
Distribution and place in the industry
Abakkus Mutual Fund is served by KFin Technologies as RTA. Distribution channels include the standard online platforms (Zerodha Coin , Groww , Kuvera , the MFU , KFinKart ) and the Abakkus institutional relationships built through the PMS and AIF operations.
The AMC sits in the founder-led value-investing specialist niche alongside:
- PPFAS Mutual Fund .
- Old Bridge Mutual Fund (Kenneth Andrade).
- Unifi Mutual Fund (Sarath Reddy).
- Quantum Mutual Fund .
- Helios Mutual Fund (Samir Arora).
This specialist niche’s competitive dynamics favour founder-led brand recognition, multi-year track records, and disciplined investment processes. Singhania’s two-decade Reliance Mutual Fund track record and the subsequent six-year Abakkus PMS track record provide strong credentialing for the new mutual fund operation.
The AMC’s near-term growth depends on the mutual fund schemes demonstrating the Abakkus approach scales effectively from the PMS / AIF format to the larger retail-oriented AUM that mutual fund operations typically reach.
See also
- Mutual fund industry in India
- Mutual funds in India
- SEBI (Mutual Funds) Regulations 1996
- SEBI October 2017 categorisation circular
- Association of Mutual Funds in India (AMFI)
- PPFAS Mutual Fund
- Old Bridge Mutual Fund
- Unifi Mutual Fund
- Quantum Mutual Fund
- Helios Mutual Fund
- Nippon India Mutual Fund
- PMS in India
- AIF in India
- KFin Technologies
- Direct mutual fund investing in India
- Flexi Cap Fund in India
- Focused equity mutual fund
External references
References
- Abakkus Mutual Fund offer documents and scheme information documents, abakkusmf.com, accessed May 2026.
- Abakkus Asset Manager PMS and AIF disclosures, abakkusinvest.com.
- SEBI Master Circular on Mutual Funds, sebi.gov.in.
- AMFI monthly AUM data, amfiindia.com.
- Historical coverage of Sunil Singhania’s tenure at Reliance Mutual Fund (1995-2017).