PMS · Equity · Mid & Small Cap
Abakkus - Emerging Opportunities
Fund size₹5,996 Cr
Alpha (3Y)2.67%
3Y return13.08%
Fund age6 yrs
From the research desk
Betting on the challenger, not the leader
Abakkus Emerging Opportunities Approach is Abakkus Investment Managers' benchmark agnostic PMS strategy with a bias toward mid and small cap companies. It invests predominantly in businesses clearing at least two of three thresholds, return on equity above 15%, earnings growth above 15%, and a price to earnings ratio below 15, and prefers the second or third player in an industry over paying an abnormal premium for the leader. Positions are typically held for 3 to 5 years.
Five checks before a stock qualifies
Every idea is tested against the MEETS framework, Management quality and capital allocation, Earnings quality, Events and triggers, Timing and price, and Structural size of opportunity, not just growth or valuation alone.
Prefers the challenger over the leader
As a value conscious investor, prefers investing in the second or third player in an industry rather than paying an abnormal premium for the market leader.
No single trait has to be perfect
Companies must clear at least two of three quality and value thresholds, strong return on equity, strong earnings growth, and a reasonable price, rather than needing a perfect score or getting screened out for missing just one.
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
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 Emerging Opportunities
Returns: How it has done
Scheme / BenchmarkYTD1Y2Y3Y5YSince inception
Abakkus Emerging Opportunities4.32%8.67%2.45%13.08%15.51%26.40%
Nifty 500−1.02%4.72%−0.11%12.09%10.91%17.25%
Excess over benchmark5.34%3.95%2.56%0.99%4.60%9.15%
Returns up to one year are absolute; two years and above are annualised (CAGR). YTD is calendar-year-to-date. As on 31 Aug 2026.
Risk : What you take on to earn the return
Volatility
18.61%
Benchmark approx 14.71%
A standard deviation reflecting historical swings.
Sensitivity
1.02
Beta vs benchmark 1.00 · 2% more reactive
How strongly the scheme moves with the index.
Risk-reward
0.55
Sharpe
Excess return gained per unit of volatility.
Capture ratio
103 / 85
Upside / Downside Capture
Share of market gains captured versus losses absorbed.
How far below its previous high it fell
Over the trailing 3Y window the scheme fell −22.98% from its 11 Dec 2024 peak to a 03 Mar 2025 trough. It has not yet recovered.
Max drawdowns
−22.98%
Scheme Drawdown Trajectory
Drawdown analysisPeakTroughDepthFell overRecoveredRecovery took
Scheme11 Dec 202403 Mar 2025−22.98%82 days––
Benchmark30 Aug 202428 Feb 2025−18.59%182 days––
Scheme
Peak11 Dec 2024
Trough03 Mar 2025
Depth−22.98%
Fell over82 days
Recovered–
Recovery took–
Benchmark
Peak30 Aug 2024
Trough28 Feb 2025
Depth−18.59%
Fell over182 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 Aug 2026
Portfolio Details : Where the money actually sits
Stocks
30
P/E ratio
25.07
P/B ratio
3.00
Dividend yield
0.32%
Avg market cap
₹42,630 Cr
Median market cap
₹14,781 Cr
Asset class
Equity
Market cap
Large cap8.37%
Mid cap29.10%
Small cap55.12%
Cash & others7.41%
As on 31 Aug 2026
Fees
A fixed plan is cheaper when returns are strong. A performance plan costs less in lean years and shares the upside only when the fund beats a hurdle. Both cost the same at a 14.00% gross return.
FixedPlan A · Simple
Fixed Management Fee2.50% / yr
Performance FeeNone
Hurdle RateNot applicable
VariablePlan B · Shared upside
Fixed Management Fee1.75% / yr
Performance Fee15% of profit
Hurdle RateAbove 9%
Exit load 1.50% within 1 year, nil after 2 years. Lock-in: Nil.
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