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Abakkus Emerging Opportunities Fund Portfolio

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About Company

Abakkus Asset Manager LLP is an alpha-focused asset manager based in India. Mr. Sunil Singhania founded it in 2018 and called it after the simplest ancient computing device, the abacus. The goal and aim of Abakkus is to become one of India’s most reputable and successful asset managers. This ideology has shaped the Abakkus portfolio’s beliefs: Keep things as straightforward as possible. Be a firm believer in the basics. Focus on the fundamentals and numbers.

Fand Snapshot

Year of Inception 2020
Number of Stocks Around 25
Investment Horizon 3-5 yrs
Fund Managers Sunil Singhania and Aman Chowhan

Abakkus Emerging Opportunities Fund Performance

The portfolio had another great month, logging in a good ~11% returns for the month. The benchmark returned ~7% and hence there was a good ~4% alpha by the fund for the month. Portfolio companies continued to report strong earnings growth and that in a major way, contributed to these returns. Abakkus Fund continues to be optimistic about its portfolio holdings and have not materially changed the portfolio construct.

Abakkus Asset Management alternative investment funds (AIFs) provided investors with a positive return in 2020. The Abakkus Emerging Opportunities Fund 1, popularly known as AEOF, returned 51 percent in CY20. On the other side, Abakkus Growth Fund – 1 (AGF) saw a year-over year increase of 28 percent. Regardless, both closed-ended category III AIFs outperformed their respective benchmarks and markets.

Unique Feature

Using Abakkus Emerging Opportunities With a bias toward mid-and small-cap stocks, PMS is a diversified portfolio independent of benchmarks. The fund has the self-discipline to only invest in businesses that meet at least two of the three requirements. The portfolio invests in fundamentally sound concepts chosen using a bottom-up methodology. We frequently go for the second or third player in the industry, but at a big discount to the leader. By following our “MEETS” Framework and buying with a normal holding time of 3-5 years, the portfolio aims to create alpha and wealth. 

Buy & Hold is practised by Abakkus Asset Manager. This indicates that the Abakkus investment team invests in the firm’s stock or share as though doing so as a partner in the company rather than a share trader.

Investments are made in small and midsize businesses with scalable business strategies by Abakkus Emerging PMS / AIF. This describes firms with a high potential for growth, whereby small-cap companies eventually become mid-cap companies, and mid-cap companies eventually become large-cap companies.

Investment Philosophy

Abakkus as an asset manager has its key focus on alpha. The main focus of Abakkus Emerging Opportunities Portfolio is to invest in benchmark agnostic portfolios across different market capitalisations. 

The investment managers at Abakkus Emerging Opportunities Portfolio follow the 15:15:15 approach. Here, they aim to invest in businesses having at least two out of three criterias. 

  1. ROE >15%
  2. Earnings Growth >15%
  3. P/E Ratio < 15

The investment managers at Abakkus  believe in the ‘boEmerging Opportunities Portfolio follows the ‘bottom-up’ approach to picking stocks. The large-cap allocation is focussed on stability with a ‘top-down’ sectoral view. They invest in three kinds of companies viz,. Growth companies, value companies and buy-and-hold companies. They prefer to be contrarian and invest with focus beyond chasing momentum, but chasing earnings.

FAQs

What is the investment philosophy of the Abakkus Emerging Opportunity Fund Portfolio?

Abakkus Emerging Opportunity Fund Portfolio is an asset manager with its core focus on alpha. The focal point of the Abakkus Emerging Opportunity Fund Portfolio is to invest in benchmark portfolios. They support various market capitalizations.

Abakkus Emerging Opportunity Fund Portfolio’s investment managers follow the 15:15:15 approach. The 15:15:15 approach is when investments are made in businesses having a minimum of 2 criteria out of 3

The three criteria are that the business’s return on equity should be above 15%, earning growth above 15%, and the price-to-earnings ratio should be 15. Abakkus Emerging Opportunity Fund Portfolio’s investment managers believe in and stand by the ‘bottom-up approach to stock picking. Their large-cap allocation has its focus on stability with a ‘top-down’ sectoral view. Growth companies, value companies, and buy-and-hold companies are the only kinds of companies Abakkus Emerging Opportunity Fund Portfolio invests in. They focus on chasing earnings rather than on chasing momentum

What investment horizon does Abakkus Emerging Opportunity Fund Portfolio cater to?

Abakkus Emerging Opportunity Fund Portfolio focuses on long-term investment horizons, i.e. large-term investments. They invest in companies with 3 to 5 years of the investment horizon.

Does Abakkus Emerging Opportunity Fund Portfolio have any penalties, unfinished proceedings, litigations, findings of review and inspection, or investigations for which action may have been initiated or taken?

Abakkus Fund Portfolio has no penalties, unfinished proceedings, and litigations, findings of review and inspection, or investigations for which action may have been initiated or taken by any regulatory bodies.

What is Abakkus Emerging Opportunity Fund Portfolio’s objective and vision?

Abakkus Portfolio’s objective and vision are to be one of India’s most respected and successful asset managers.

On what beliefs are Abakkus Emerging Opportunity Fund Portfolio’s philosophy based?

Abakkus Emerging Opportunity Fund Portfolio’s philosophy is based on three beliefs.

To keep things as simple as possible.

Follow the fundamentals religiously.

Focus on concentrating on basics and numbers.

How are Abakkus Emerging Opportunity Fund Portfolios funds performing?

Abakkus Emerging Opportunity Fund Portfolio started in 2020 and has given a positive return to its investors. Its Abakkus Emerging Opportunity Fund 1, also known as AEOF, gave a positive return of 51 per cent in the calendar year 2020. Abakkus Growth Fund 1, termed AGF, witnessed a year-over-year increase of 28 present. Abakkus Emerging Opportunity Fund Portfolio has been outperforming its benchmarks and markets since the year of its inception.

What businesses does Abakkus Emerging Opportunity Fund Portfolio invest into?

Abakkus Emerging Opportunity Fund Portfolio invests in 3 kinds of companies’ stocks. The companies it invests in are growth companies, value companies, and buy-and-hold companies. Growth businesses make significant positive cash flows and earnings at faster rates than the overall market. Companies that appear to be undervalued are known as value companies. Buy-and-hold is a position in trading in which investors buy stock in companies and hold them for a long time, with the objective being to realize price appreciation despite volatility in the market.

About Fund Managers

Mr.Sunil Singhania

Sunil Singhania - AIf pms Expert Abakkus

Sunil Singhania holds a bachelor’s degree in business from Bombay University and a Chartered Accountancy degree from the Institute of Chartered Accountants of India (ICAI), Delhi, with an all-India rank. He has also obtained the privilege to utilise the CFA Institute’s Chartered Financial Analyst credential. Sunil has over 25 years of experience as a CFA. He is the founder of Abakkus Asset Management, LLP, an asset management firm focusing on India that he founded in 2018. He was previously a Global Head of Equities at Reliance Capital Ltd. Singhania has guided Reliance Mutual Fund’s (now Nippon India Mutual Fund) equities schemes to be recognised among the top as CIO – Equities. Under Singhania’s direction, the Reliance Growth Fund (now Nippon India Growth Fund) increased by more than 100 times in less than 22 years. He is also the first person from India to be elected to the CFA Institute Board of Governors, where he now chairs the Investment Committee and serves on the Nominating Committee.

Aman Chowhan (Fund Manager ) 

Aman Chowhan Abakkus

Aman Chowhan is an MBA graduate of Mumbai University. Aman has over 17 years of experience in the Indian equity market.  Prior to joining Abakkus, he worked for Reliance Asset Management’s (now Nippon Life India Asset Management) PMS branch as the Portfolio Manager for all local and offshore schemes. Aman brings a regional and global perspective to investing, having worked in Reliance’s Singapore office.  He has a great track record in benchmark, absolute long and long-short strategies. He worked as a research analyst for TAIB Securities, Tata TD Waterhouse, and other brokerage firms before joining Reliance in 2005.

Mr. Deven Sangoi – Senior Fund Manager

Deven Sangoi is Senior Fund Manager at Abakkus. He has experience of 22 years on the asset management side, out of which 10 years in mutual funds space and 12 years in the insurance industry. His previous assignment was Chief Investment Officer (CIO) of Canara HSBC OBC life, managing both Equity and Fixed Income with a corpus of around USD 4 bn (INR 25,000 Cr). Previously he worked with many reputed organizations in financial service space which include names such as Aditya Birla Sun Life Insurance Ltd, Aditya Birla Sun Life Asset Management Co. Ltd, ICICI Prudential Asset Management Co. Ltd & Canara HSBC OBC Life Insurance. He is graduated in Electronics Engineering from Mumbai University and holds a post-graduate degree in Finance from Newport University.

Product - AMC Category AUM (in Cr.) Performance 1M 3M 6M 1Y 2Y 3Y 5Y 10Y SI

Abakkus Emerging Opportunities Approach

AMC Name: Abakkus Inc Date: Aug-20
small cap
(PMS)
1000 Strategy 2.1 4 -0.7 -1.6 41.7 NA NA NA 39.6
BSE SmallCap 250 6.2 8.5 6.1 5.7 38.4 NA NA NA 35.4

Abakkus All Cap Approach

AMC Name: Abakkus Inc Date: October 29, 2020
multi cap
(PMS)
1000 Strategy 2 2.4 -0.3 -0.4 NA NA NA NA 35.7
NIFTY50 3.5 7.1 5.7 3.7 NA NA NA NA 25.3

Abakkus Growth Fund - 1

AMC Name: Abakkus Inc Date: Jul-18
long only
(AIF)
450 Strategy 1.4 0.5 -5.9 -7.7 35.6 26.2 NA NA 19.1
S&P BSE 200 4.5 8.7 7.6 5.6 27.4 19.2 NA NA 12.9

Abakkus Emerging Opportunities Fund 

AMC Name: Abakkus Inc Date: Nov-21
long only
(AIF)
500 Strategy 1.6 2.6 -1.3 -2.3 48.1 39.6 NA NA 36.4
S&P BSE 500 4.6 8.6 7.5 5.4 28.1 19.7 NA NA 15.3

Abakkus Growth Fund - 2

AMC Name: Abakkus Inc Date: Jul-18
long only
(AIF)
450 Strategy 0.7 4.5 3.6 NA NA NA NA NA 7.3
S&P BSE 200 4.5 8.7 7.6 NA NA NA NA NA 0.2

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Disclaimer: Investing Involves Risk. This document is for information purposes only and should not be viewed as a legal offering document or solicitation. Offers to invest in this fund are made only by the Discretionary Portfolio Management Services Agreement. Past performance does not guarantee future results and there is no assurance that the managed accounts will necessarily achieve their objectives. We do not guarantee any returns in the hand of investors not we take any sort of accountability for the performance of the scheme. The above-mentioned data is collected from the respected Fund house please verify the same at SEBI website.