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About Fund Manager

Mr.Sunil Singhania

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 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.

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.

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.

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