AIF · Equity · CAT III - LONG ONLY - MID CAP & LARGE CAP
Abakkus Growth Fund - 1
Fund size₹1,932 Cr
IRRSince inception17.21%
3Y return17.07%
Fund age7 yrs 8 mo
From the research desk
No fixed band to hide behind.
Abakkus Flexi Edge Fund-1 is Abakkus Investment Managers' open ended Category III AIF, a long only flexi cap strategy with no fixed band across large, mid or small cap, each can range from 0% to 100% of the portfolio. The fund follows an explicit list of what it won't do, alongside a defined set of reasons to exit a position.
A stated list of what it won't do
Explicitly rules out chasing price momentum over fundamentals, unnecessary portfolio churn, copying other investors' positions, and businesses with a fractured balance sheet, treating these as much a part of the discipline as what it does buy.
No fixed band across large, mid or small
Unlike a defined multi cap or large-and-mid cap mandate, allocation across large, mid and small cap can each range from 0% to 100% of the portfolio, letting market cap exposure move entirely with where the opportunity is.
Five specific reasons to exit, not a fixed holding period
Positions are sold when fundamentals deteriorate, the original thesis is proven wrong, a position becomes too small to matter, or a better risk reward idea emerges, an explicit exit list rather than a vague long term hold.
Fund Managers
Sunil Singhania
Sunil Singhania
Chairman And Managing Director, Abakkus
Sunil Singhania, CFA, is the Founder of Abakkus Asset Management, LLP, an India-focused Asset Management Company established in 2018. Prior to this, in his role as Global Head – Equities at Reliance Capital Ltd., he oversaw equity assets and provided strategic inputs across Reliance Capital Group of companies including asset management, insurance, AIF and offshore assets. And as CIO – Equities, Singhania led Reliance Mutual Fund (now Nippon India Mutual Fund) equity schemes. Reliance Growth Fund (now Nippon India Growth Fund) grew over 100 times in less than 22 years under Singhania’s leadership. Furthermore, he led Reliance Asset Management (now Nippon Life India Asset Management)Ltd.’s international efforts and was instrumental in launching India funds in Japan, South Korea, and the UK, besides managing mandates from institutional investors based in the US, Singapore, and other countries. He is currently appointed on the IFRS Capital Market Advisory Committee. (2020-2023). He was the Promoter of The Association of NSE Members of India; a body of stock brokers. He served on the Global board of CFA Institute, USA (2013-2019) and as Chairman of the Investment Committee (2017-2019) of the CFA Institute, USA. He also sat on CFA Institute’s Standards of Practice Council for six years, and was the Founder of the Indian Association of Investment Professionals (now CFA Society India) and served as its President for eight years. He is a CA rankholder and a CFA charterholder and graduated in commerce from the Mumbai University.
Managing AUM₹28,185 Cr
Hitesh Arora
Hitesh Arora
Fund Manager, AIF, Abakkus
Mr. Hitesh Arora is a Fund Manager at Abakkus Asset Management Private Limited, bringing nearly two decades of strong domestic and global market experience. He has worked with reputed institutions such as Unifi Capital, Deutsche Bank, and J.P. Morgan, handling diverse roles across equity research, fund management, structuring, and risk management in India and abroad. Hitesh holds an MBA from IIM Bangalore, an MS in Financial Engineering from Columbia University, a B. Tech (Hons) from IIT Kharagpur, and is a CFA Charterholder.
Managing AUM₹13,092 Cr
Aman Chowhan
Aman Chowhan
Senior Fund Manager, Abakkus
Aman Chowhan is an experienced Indian equity fund manager with over 17 years in the investment industry. He currently serves as a Fund Manager at Abakkus Asset Management Private Limited, a position he has held since 2018. Before joining Abakkus, Aman managed local and offshore portfolios at Reliance Asset Management (now Nippon Life India Asset Management), including a stint at their Singapore office, bringing a regional and global perspective to his investment approach. He has a strong track record across benchmark, absolute long, and long-short strategies. Aman holds an MBA in Finance from K J Somaiya Management Institute and a Bachelor’s degree in Commerce from Mithibai College, Mumbai.
Managing AUM₹31,197 Cr
Growth of₹Cr
Abakkus Growth Fund 1
Returns: How it has done
Scheme / BenchmarkYTD1Y2Y3Y5YSince inception
Abakkus Growth Fund 1−14.74%13.22%5.38%17.07%15.74%17.21%
Nifty 500−13.88%−4.22%0.28%11.18%10.06%10.43%
Excess over benchmark−0.86%17.44%5.10%5.89%5.68%6.78%
Returns up to one year are absolute; two years and above are annualised (CAGR). YTD is calendar-year-to-date. As on 31 Mar 2026.
Risk : What you take on to earn the return
Volatility
18.81%
A standard deviation reflecting historical swings.
Risk-reward
−1.60
Sharpe
Excess return gained per unit of volatility.
How far below its previous high it fell
Over the trailing 3Y window the scheme fell −17.08% from its 30 Jul 2025 peak to a 31 Mar 2026 trough. It has not yet recovered.
Max drawdowns
−17.08%
Scheme Drawdown Trajectory
Drawdown analysisPeakTroughDepthFell overRecoveredRecovery took
Scheme30 Jul 202531 Mar 2026−17.08%244 days––
Benchmark30 Jun 202530 Mar 2026−14.69%273 days––
Scheme
Peak30 Jul 2025
Trough31 Mar 2026
Depth−17.08%
Fell over244 days
Recovered–
Recovery took–
Benchmark
Peak30 Jun 2025
Trough30 Mar 2026
Depth−14.69%
Fell over273 days
Recovered–
Recovery took–
The benchmark's peak, trough and recovery are read off its month-end curve; the scheme's row is measured on daily NAV. · Risk and drawdown use a trailing 3Y window · As on 31 Mar 2026
Portfolio Details : Where the money actually sits
Stocks
19
P/E ratio
25.80
P/B ratio
3.24
Dividend yield
0.73%
Avg market cap
₹2.30 L Cr
Median market cap
₹51,489 Cr
Asset class
Equity
Market cap
Large cap45.42%
Mid cap12.87%
Small cap26.45%
Cash & others15.26%
As on 31 Mar 2026
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