Abakkus gets SEBI nod to launch mutual fund business

(Representational image)

Abakkus Asset Manager has received final approval from the Securities and Exchange Board of India (SEBI) to start its mutual fund operations under the name Abakkus Mutual Fund.

Founded in 2018 by Sunil Singhania, the fund house has so far operated in the Portfolio Management Services (PMS) and Alternative Investment Funds (AIF) space, managing assets of about Rs 37,900 crore as of July 31, 2025. With the new licence, the firm plans to extend its equity-focused investment approach to a wider 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,” Singhania said.

The newly formed Abakkus Investment Managers (Abakkus AMC) will launch actively managed equity mutual fund schemes in the coming months and later expand into debt, hybrid and multi-asset products.

The entry comes at a time when India’s mutual fund industry has scaled to Rs 75 lakh crore in assets under management as of July 2025, up more than six-fold over the past decade.