Who Is Sunil Singhania?
Sunil Singhania is the Founder, Chairman and Managing Director of Abakkus Asset Manager Limited, a Mumbai-based investment management firm established in 2018.
Before establishing Abakkus, he served as Chief Investment Officer (CIO) – Equities at Reliance Mutual Fund, where he oversaw approximately USD 11 billion in equity assets. In September 2017, he moved to the role of Global Head of Equities at Reliance Capital, taking on broader equity investment responsibilities.
Abakkus operates across Portfolio Management Services (PMS), Category III Alternative Investment Funds (AIFs), offshore investment strategies, private equity and mutual funds. The firm reported total assets under management of ₹52,609 crore as of 31 August 2026.
Sunil Singhania Portfolio
Abakkus funds hold publicly disclosed stakes of 1% or more in about 31 listed companies, mostly small and mid caps in capital goods, manufacturing and consumer businesses. For the full holdings list, new buys and stake changes each quarter, read our Sunil Singhania Portfolio 2026 analysis.
What Is Sunil Singhania's MEETS Investment Framework?
MEETS is Abakkus's investment evaluation framework, covering Management, Earnings, Events or Trends, Timing and Structural factors. It forms part of the firm's research-led, growth-in-value approach, which focuses on businesses with growth potential at reasonable valuations.
| Framework Component | What It Assesses |
|---|---|
| M – Management | Management quality, capability, integrity and execution track record |
| E – Earnings | Earnings quality, sustainability and the relationship between reported and expected performance |
| E – Events / Trends | Industry developments, disruptive themes, regulatory changes and emerging business trends |
| T – Timing | Valuation, entry price and price discipline |
| S – Structural | Size of the opportunity, competitive positioning, business scalability and economic moat |
Abakkus's published investment approach emphasises companies with the potential to double earnings over approximately four to five years, with a typical holding period of three to five years. Its portfolio construction also applies stock-level and sector-level concentration limits.
These principles describe an investment approach, not a guarantee of performance. Actual holdings and investment decisions may vary by strategy and mandate.
Abakkus Funds and Investment Strategies Associated with Sunil Singhania
Abakkus offers investment strategies through PMS, Category III AIFs, private equity, offshore structures and mutual funds. Sunil Singhania founded the firm and leads its overall investment philosophy.
Sunil Singhania is a named fund manager on Abakkus's PMS strategies and several Category III AIFs, often alongside Senior Fund Manager Aman Chowhan. The private equity fund also lists Private Equity Fund Manager Ankit Aggarwal. Fund-manager appointments may vary by scheme, so investors should refer to the latest scheme documents and private placement memorandums (PPMs) for confirmation.
Abakkus PMS Strategies
The generally applicable regulatory minimum investment for PMS is ₹50 lakh, subject to applicable regulations and the terms of the portfolio management agreement.
| Strategy | Category | Inception | Fund Manager(s) |
|---|---|---|---|
| Abakkus All Cap Approach | Multi Cap & Flexi Cap | October 2020 | Sunil Singhania, Aman Chowhan |
| Abakkus Emerging Opportunities Approach | Small & Mid Cap | August 2020 | Sunil Singhania, Aman Chowhan |
| Abakkus Diversified Alpha Approach | Multi Cap & Flexi Cap | January 2024 | Sunil Singhania, Aman Chowhan |
Abakkus AIF Strategies
The generally applicable minimum investment for an AIF is ₹1 crore, subject to applicable regulations, exceptions and scheme terms.
| Fund | Investment Focus | Inception | Fund Manager(s) |
|---|---|---|---|
| Abakkus Emerging Opportunities Fund-1 | Small & Mid Cap | June 2019 | Sunil Singhania, Aman Chowhan |
| Abakkus Growth Fund-2 | Mid & Large Cap | November 2021 | Sunil Singhania |
| Abakkus Diversified Alpha Fund | Multi Cap & Flexi Cap | December 2022 | Sunil Singhania |
| Abakkus Diversified Alpha Fund-2 | Multi Cap & Flexi Cap | November 2023 | Sunil Singhania |
| Abakkus Flexi Edge Fund-1 | Multi Cap & Flexi Cap | August 2025 | Refer to fund documents |
| Abakkus Four2Eight Opportunities Fund | Private Equity / Pre-IPO | 2024 | Sunil Singhania, Ankit Aggarwal |
Abakkus PMS vs AIF: What Is the Difference?
Abakkus offers strategies through both PMS and AIF structures, which differ in how money is held, managed and regulated.
| Feature | PMS | AIF |
|---|---|---|
| Investment structure | Individually managed client portfolio | Pooled investment vehicle |
| Generally applicable minimum | ₹50 lakh | ₹1 crore |
| Portfolio ownership | Securities held in the client's name under the applicable arrangement | Investors hold units or interests in the fund |
| Investment strategy | Defined by the PMS mandate | Defined by the fund's documents |
| Liquidity | Depends on portfolio assets and agreement terms | Depends on fund category and scheme terms |
Fees, taxation and reporting also differ between the two structures. Investors should review the relevant agreement, offering documents and tax provisions before choosing. For a broader comparison, read ALTPORT's guides to Portfolio Management Services and Category III AIFs.
Abakkus Funds for Global Investors
The Aryabhata India Fund is an Ireland-domiciled UCITS fund focused on Indian equities. International investors may also explore GIFT City fund structures, subject to eligibility criteria, regulatory requirements and fund terms.
Abakkus Mutual Fund
Abakkus Mutual Fund received SEBI registration (MF/088/25/14) on 29 August 2025 and launched its first schemes in December 2025. Its schemes, including the Flexi Cap, Large & Mid Cap, Small Cap and Liquid funds, are managed by Abakkus Investment Managers Private Limited, led by CEO Vaibhav Chugh.
Equity scheme AUM crossed ₹10,000 crore within eight months of launch, the fastest among AMCs launched since April 2002, according to an ICRA report cited in the DRHP.
On 28 August 2026, SEBI approved Abakkus Mutual Fund to set up a Specialised Investment Fund (SIF) platform under the brand name Fokkus, with equity, debt and hybrid strategies planned.
Mutual funds have scheme-specific minimum investments and may offer a lower entry threshold than PMS or AIFs. For current scheme information, visit the official Abakkus Mutual Fund website.
Abakkus Asset Manager IPO: September 2026 Update
Abakkus Asset Manager Limited filed its draft red herring prospectus (DRHP) with SEBI on 22 September 2026 for a proposed initial public offering.
The proposed issue is entirely an offer for sale of up to 1.5 crore equity shares by promoter entity Abakkus Expert Professionals LLP, so the company will not receive any proceeds. The DRHP reported FY2026 total income of about ₹796 crore and profit after tax of about ₹327 crore.
The filing is a proposed IPO; the issue has not opened for subscription and price and dates are yet to be announced. See the IPO coverage and the official offer documents for the latest status.
Sunil Singhania's Career, Education and Awards
Sunil Singhania's career spans equity research, mutual fund management and senior investment leadership at Reliance before he founded Abakkus in 2018.
Career Timeline
| Period | Role | Key Milestone |
|---|---|---|
| Early career | Equity Research Professional | Built sell-side equity research experience in Indian capital markets |
| 2003–August 2017 | Fund Manager, then CIO – Equities, Reliance Mutual Fund | Joined the equity team as a Fund Manager and later became CIO – Equities, overseeing about USD 11 billion in equity assets |
| September 2017 | Global Head of Equities, Reliance Capital | Took on equity responsibilities across asset management, insurance, AIF and offshore businesses; led India fund launches in Japan, South Korea and the UK |
| 2018 | Founder, Abakkus Asset Manager | Established Abakkus and its PMS and AIF strategies |
| December 2025 | Abakkus Mutual Fund | Expanded the group into mutual funds |
| September 2026 | Abakkus Asset Manager IPO filing | Filed DRHP with SEBI for a proposed IPO |
The Reliance dates are based on Reliance Capital's July 2017 announcement, which states that Sunil Singhania joined the Reliance Mutual Fund equity team in 2003, first as a Fund Manager and then as CIO – Equities, and moved to the Global Head role from 1 September 2017.
Education and Qualifications
- Bachelor of Commerce: University of Mumbai
- Chartered Accountant: Institute of Chartered Accountants of India (ICAI), reported to be an All India Rank holder
- Chartered Financial Analyst (CFA): CFA Institute, USA
CFA Institute and Industry Roles
| Role | Organisation | Period |
|---|---|---|
| Board of Governors (first Indian appointed) | CFA Institute, USA | 2013–2019 |
| Chair, Investment Committee | CFA Institute | 2017–2019 |
| Member, Capital Markets Advisory Committee | IFRS Foundation | 2020–2023 |
| Founder and President for eight years | Indian Association of Investment Professionals, now CFA Society India | Verify period |
| Member, Alternative Investment Policy Advisory Committee | SEBI | Verify period |
Awards and Recognition
| Award or Recognition | Organisation | Year |
|---|---|---|
| Best Fund Manager, 10-year timeframe | Outlook Business | 2016 and 2017 |
| 1st Rank, Category III AIF Long Only (Abakkus Emerging Opportunities Fund-1) | PMS AIF World | 2023 and 2024 |
| 2nd Rank, Category III AIF Long Only (Abakkus Growth Fund-1) | PMS AIF World | 2023 |
| 2nd Rank, Category III AIF Long Only (Abakkus Growth Fund-2) | PMS AIF World | 2025 |
Historical recognition and rankings do not guarantee future investment performance.
Can NRIs and HNIs Invest in Abakkus Funds?
Eligible resident investors, NRIs and HNIs may be able to access specific Abakkus investment strategies, subject to the eligibility criteria and terms of each product.
PMS, AIF, mutual fund and offshore structures have different regulatory requirements, minimum investments and investor conditions. NRI eligibility may also depend on residency status, FEMA requirements, banking arrangements and applicable tax rules. For more information, visit ALTPORT's NRI investment page.
Manage By : Sunil Singhania
