Sunil Singhania-backed Abakkus Flexi Cap Fund significantly increased its equity holdings in Urban Company, State Bank of India (SBI), and a total of 14 other stocks during January 2026, according to data from ACE MF.
The most substantial increase in share count was observed in Urban Company, with the fund adding approximately 23.03 lakh shares, bringing its total holdings to 41 lakh shares as of January 31, 2026, compared to 17.96 lakh shares in December 2025. The fund also bolstered its position in SBI, adding 4.72 lakh shares to its portfolio.
Beyond Urban Company and SBI, Abakkus Flexi Cap Fund added substantial holdings in several other companies. These included approximately 18 lakh shares of Tata Steel, 14.98 lakh shares of Emmvee Photovoltaic Power, 13 lakh shares of NTPC, and 10.81 lakh shares of Heritage Foods, all acquired in January. The fund also increased its stake in Oracle Financial Services Software by 54,074 shares, raising its total holdings to 99,074 shares.
The fund’s January activity included the addition of 26 new stocks to its portfolio, among them Reliance Industries, Bank of Baroda, Aether Industries, Tata Motors, 360 ONE Wam, and Edelweiss Financial Services. Specifically, the fund added roughly 25.53 lakh shares of Edelweiss Financial Services, 17.50 lakh shares of Bank of Baroda, and 15 lakh shares of Indus Towers during the month.
Notably, Abakkus Flexi Cap Fund did not fully exit any stock during January, nor did it reduce its stake in any holding. As of January 31, 2026, the fund’s assets under management (AUM) totaled Rs 2,808 crore, an increase from Rs 2,492 crore in December 2025.
The fund, benchmarked against the BSE 500 Index (TRI), is managed by Sanjay Doshi. Its portfolio allocation as of January 31, 2026, comprised 42.26% in large-cap stocks, 17.10% in mid-cap stocks, 27.01% in small-cap stocks, and 13.63% in cash and other instruments. The fund’s top 10 sectoral allocations were 29.33% in financial services, 12.47% in capital goods, 7.07% in healthcare, and 5.80% in oil, gas, and consumable fuels.
Abakkus Flexi Cap Fund is an open-ended dynamic equity scheme designed to invest across large, mid, and small-cap stocks, with the objective of generating capital appreciation and long-term growth through a diversified portfolio of equity and equity-related instruments. A secondary objective is to generate consistent returns through investments in debt and money market securities. The fund utilizes an in-house investment framework called ‘MEETS’ to evaluate key drivers of long-term value creation.
Sanjay Doshi, fund manager of Abakkus Flexi Cap Fund, stated in a monthly release that the portfolio as of January 31, 2026, “is a reflection of our positive view across breadth of the market with higher allocation towards mid and small cap space while at same time large cap exposure provides stability to the portfolio.” He further noted the fund remains positive on the financials, manufacturing, healthcare, consumer discretionary, and chemicals sectors.
The fund manager also indicated that the portfolio aims to balance leadership and potential winners, with large-cap positions providing stability and liquidity, while mid and small-cap positions are expected to support better returns.
Since its inception, the fund has delivered a return of 0.42%. The fund experienced a peak return of 2.53% between January 9 and February 11, and a loss of 3.16% between January 2 and February 2. The January portfolio disclosure marked the fund’s first since its New Fund Offer (NFO).