Abakkus Flexi Cap Fund increased its shareholdings in 35 companies during September 2026, including Reliance Industries, HDFC Bank and Billionbrains Garage Ventures, the company behind Groww. The scheme also added Zydus Lifesciences and exited Cyient DLM, leaving its portfolio count unchanged at 46 stocks.
Key Takeaways
- Groww holdings rose by 50% to 9 million shares, alongside additions to Reliance Industries and HDFC Bank.
- Zydus Lifesciences replaced Cyient DLM, while the fund reduced two other positions.
- Banks remained the largest sector allocation at about 15.79% of the ₹7,843 crore fund.
Table of Contents
- Abakkus Flexi Cap expands existing positions
- Zydus enters as Cyient DLM leaves
- Banks lead allocation as recent returns diverge
- Conclusion
Abakkus Flexi Cap expands existing positions
The fund, from the investment business founded by Sunil Singhania, spread its September purchases across existing holdings rather than increasing the number of stocks it owned. Groww was a substantial addition: its holding rose from 6 million to 9 million shares, a 50% increase.
Abakkus Mutual Fund’s September portfolio disclosure notice identifies September 30, 2026, as the relevant month-end reporting date. Its statutory disclosures page also lists the August 31 notice, establishing the two reporting periods for the monthly comparison without displaying the individual share quantities.
Beyond Reliance Industries, HDFC Bank and Groww, the fund increased positions in 32 companies. These included NTPC, Edelweiss Financial Services, Federal Bank, Emmvee Photovoltaic Power and Leela Palaces Hotels & Resorts. The table captures several of the disclosed increases in share counts.
Other companies receiving additions included SBI, Larsen & Toubro, Jubilant Pharmova, ICICI Bank, DLF, ICICI Prudential AMC, Inox India, Indus Towers, Dixon Technologies, Aether Industries and Tata Motors. Higher share counts do not necessarily mean higher portfolio weights, which also depend on market prices and the value of the overall fund.
| Item | Details |
|---|---|
| Reliance Industries | Added 125,000 shares; September holding: 1.925 million shares. |
| HDFC Bank | Added 400,000 shares; September holding: 5 million shares. |
| Billionbrains Garage Ventures | Added 3 million shares; September holding: 9 million shares. |
| NTPC | Added 1.35 million shares; September holding: 7.85 million shares. |
| Edelweiss Financial Services | Added 1.005 million shares; September holding: 9.005 million shares. |
| Federal Bank | Added 1 million shares during September. |
Zydus enters as Cyient DLM leaves
The fund established a position of 700,000 shares in Zydus Lifesciences, valued at ₹81.34 crore. It sold its entire holding of 151,000 Cyient DLM shares, valued at ₹12.74 crore.
Two existing positions were reduced. The fund sold 45,426 Oracle Financial Services Software shares, leaving about 119,000 shares, and 61,807 Divi’s Laboratories shares, leaving about 170,000 at September-end.
Holdings were unchanged in eight companies: Tata Steel, Mahindra & Mahindra, Bajaj Auto, Vedanta Power, Supriya Lifescience, PB Fintech, International Gemological Institute and Urban Company.
Banks lead allocation as recent returns diverge
The portfolio covered 22 sectors, with banks accounting for approximately 15.79% and finance another 10.13%. Assets under management stood at ₹7,843 crore in September.
The performance figures accompanying the update showed a three-month loss of 3.01%, compared with a 4.24% decline in the BSE 500 Total Return Index benchmark. Over six months, the fund gained 5.93%, while the benchmark fell 4.30%. The fund therefore outperformed over both periods, although its shorter-period return remained negative.
Launched on December 29, 2025, the scheme had returned 6.18% since inception. Sanjay Doshi manages its equity investments and Abhishek K S manages fixed income. Its primary objective is long-term capital appreciation through equity investments across large, mid-sized and small companies, with debt and money-market investments serving a secondary return objective.
Conclusion
September’s changes expanded many existing positions without increasing the portfolio’s stock count. The next monthly portfolio disclosure will provide the next comparison of holdings and sector allocations.
Read More News
Disclaimer
This FinanceVelix article provides general information, not personalized financial, investment, legal, or tax advice. Market prices, interest rates and economic conditions can change; investments carry a risk of loss. Facts reflect the material available when published and may change. Check important information independently and consult a qualified professional when needed. Mentioning an asset, company, or service is not an endorsement.
