Abakkus Asset Manager has received final approval from the Securities and Exchange Board of India (SEBI) to begin its mutual fund operations under the brand Abakkus Mutual Fund.
Founded in 2018 by veteran fund manager Sunil Singhania, Abakkus has so far focused on Portfolio Management Services (PMS) and Alternative Investment Funds (AIFs), managing assets worth about ₹37,900 crore as of July 31, 2025.
With the mutual fund licence, Abakkus plans to extend its equity-centric investment strategy to a broader retail investor base.
“This is a pivotal moment for 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,” said Singhania.
The newly formed Abakkus Investment Managers (Abakkus AMC) will initially roll out actively managed equity mutual fund schemes in the coming months, followed by debt, hybrid, and multi-asset offerings.
The move comes at a time when India’s mutual fund industry has crossed ₹75 lakh crore in assets under management (AUM) as of July 2025, marking more than a six-fold increase over the past decade.
Disclaimer: This is for informational purposes only and not investment advice—please consult a financial advisor before making decisions.
