Mumbai
Abakkus Asset Manager, led by Sunil Singhania, has received final approval from SEBI to launch “Abakkus Mutual Fund,” marking a major milestone in its journey from a niche investment firm to a full-fledged mutual fund house.
Firm background & expansion plans
Founded in 2018, Abakkus has built a strong reputation through its alpha-driven Portfolio Management Services (PMS) and Alternative Investment Funds (AIFs), managing Rs 37,900 crore as of July 31, 2025. With SEBI’s approval, the newly formed Abakkus Investment Managers Private Limited (Abakkus AMC) will extend its research-led investment philosophy to retail investors.
Product roadmap
Abakkus AMC plans to begin with actively managed equity mutual fund schemes and will later broaden its offerings to debt, hybrid, and multi-asset products. The expansion aims to make high-conviction investment strategies accessible to a larger base of investors.
Mission & strategy
Sunil Singhania stated that the firm intends to carry forward the same rigor and alpha-generating focus from its PMS and AIF models into the mutual fund space. The objective is to democratize wealth creation across India.
Biharilal Deora, director at Abakkus, highlighted that the AMC will adopt a digital-first approach to ensure easy access for investors nationwide, enhancing distribution and investor experience.
Industry context
Abakkus’s entry comes at a time when India’s mutual fund industry is witnessing rapid growth. Assets under management (AUM) in the sector have already crossed Rs 75 lakh crore as of July 2025, underlining the growing preference for professionally managed investment vehicles among retail investors.