PMS AIF WORLD - Abakkus Emerging Opportunities fund
Abakkus Emerging Opportunities fund is a Long only CAT 3 AIF offering from
Abakkus Asset Managers which was floated by Sunil Singhania in the Year 2019. Sunil
Singhania is a well-known name and comes with more than 2 decades of experience in
Fund Management. He had successfully established the asset management business of
Erstwhile Reliance AMC. The name Abakkus is inspired by the English word,
Abacus, which refers to a “simple instrument used for computing”. Ideology of
Abakkus Asset Managers is to Keep things simple, believe in the basics, focus
on the fundamentals and numbers. Abakkus Asset Managers has launched 2 Schemes
in the Year 2019, i.e. Abakkus Growth Fund 1, which is a Multi Cap Portfolio Management Services was
closed for subscription by end of June 2019.
Abakkus Emerging Opportunities
Fund 1 was incepted on 6thJuly, 2019, and his the second offering from
Abakkuswhich is a Small Cap Space. Both are CAT 3 Long Only Funds and follow
Closed-Ended Structure. Abakkus Emerging Opportunities Fund is Category 3 Long
Only AIF. The fund got incepted on 6thJuly, 2019, and is a closed-ended AIF. Abakkus Emerging Opportunities AIF follows 15 : 15: 15 Rule which
basically means greater than 15% ROE, Greater than 15% Earnings, and PE lesser
than 15. It targets to invest in a diversified portfolio of 30 to 40 listed companies up to 5000 cr of market
capitalization with no exposure to unlisted securities. The broader theme of
this fund is that New themes start small and eventually grow into big
opportunities. India is an emerging country and new sectors and themes emerge
regularly, these sectors and companies in them begin small eventually gain
scale and become large. This represents a huge opportunity if the right
companies are chosen. Rerating is seen as a driver for growth whereby it is
believed that companies that might have seen rating contraction due to
performance-based inconsistencies are likely to see significant re-rating once
the market starts seeing stability in performance.
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