Abakkus Asset Manager Secures SEBI Approval for Mutual Fund Launch

Abakkus Asset Manager Pvt Ltd has received final approval from the Securities and Exchange Board of India (SEBI) to launch its mutual fund business under the brand Abakkus Mutual Fund. This marks a significant milestone for the company, which has been managing assets since its founding in 2018.

Assets Under Management

Abakkus Asset Manager oversees an impressive Rs 37,900.00 crore across various investment vehicles, including Portfolio Management Services (PMS), Alternative Investment Funds (AIFs), and private equity.

Investment Philosophy

The company is recognized for its proprietary MEETS framework, which focuses on business sustainability and alpha generation. This approach has likely contributed to the firm's substantial growth in assets under management.

Planned Product Offerings

Abakkus Investment Managers, the entity behind the mutual fund business, plans to initially launch actively managed equity mutual fund schemes. The company intends to expand its product range in the future, encompassing debt, hybrid, and multi-asset solutions.

Digital-First Approach

In line with modern investment trends, Abakkus is planning a digital-first investor experience. This strategy aims to make their products accessible across India, potentially tapping into the growing retail investor base in the country.

Management's Perspective

Sunil Singhania, the founder of Abakkus Asset Manager, expressed gratitude for the support received over the past years and enthusiasm about participating in India's growth story through this new venture.

Industry Context

The entry of Abakkus into the mutual fund space comes at a time of growth in India's mutual fund industry. The sector has seen Assets Under Management reach Rs 75,00,000.00 crore, indicating a robust market for new entrants.

Future Outlook

With SEBI approval secured, Abakkus Mutual Fund is expected to roll out its initial products in the coming months. The launch of these funds will be closely watched by investors and industry observers, given the company's established track record in asset management.

As Abakkus Asset Manager transitions into the mutual fund arena, it will be interesting to see how its MEETS framework and digital-first approach translate into mutual fund products and performance in the competitive Indian market.