Abakkus Flexi Cap Fund Portfolio Adjustments and AUM Growth
The fund increased its AUM to ₹7,843 crore while rebalancing key equity positions.
1AUM Growth and Performance
The Abakkus Flexi Cap Fund experienced significant growth in its assets under management during September. The AUM rose to ₹7,843.87 crore from the previous month's figure of ₹7,394.97 crore. This expansion reflects positive inflows or market appreciation within the fund's holdings, while cash and cash-equivalent allocations slightly decreased to 6.29%.
2Strategic Equity Accumulation
The fund demonstrated a clear preference for increasing exposure in 35 existing stocks rather than initiating a broad portfolio reshuffle. Notable additions included 30 lakh shares of Groww parent Billionbrains Garage Ventures, 13.5 lakh shares of NTPC, and 4 lakh shares of HDFC Bank. These moves reflect a targeted strategy toward specific growth-oriented assets.
3New Positions and Exits
Abakkus added Zydus Lifesciences to its portfolio, acquiring 7 lakh shares valued at approximately ₹81.34 crore by month-end. Conversely, the fund completely exited its position in Cyient DLM, selling all 1.51 lakh shares previously held in August. This divestment indicates a tactical shift away from specific industrial holdings to optimize the overall portfolio.
4Banking Sector Dominance
Despite individual stock adjustments, the fund maintained a diversified presence across 22 sectors. The banking sector remains the largest exposure, accounting for 15.79% of net assets, followed by finance at 10.13%. Major holdings in this segment include HDFC Bank, State Bank of India, and ICICI Bank, anchoring the fund's broader investment strategy.
5Reducing Existing Stakes
The fund trimmed its positions in two specific companies during September to manage risk or reallocate capital. It sold 61,807 shares of Divi’s Laboratories, reducing the total holding to 1.70 lakh shares. Additionally, 45,426 shares of Oracle Financial Services Software were sold, leaving the fund with approximately 1.20 lakh shares remaining in that position.
6Reliance and Energy Exposure
Exposure to Reliance Industries was increased through the purchase of 1.25 lakh additional shares, bringing the total holding to 19.25 lakh shares. Alongside power producer NTPC, these investments highlight the fund's focus on large-cap industrial and energy-related entities. These sectors provide a stable foundation for the fund's diversified equity portfolio structure.
7Portfolio Stability Metrics
The total number of stocks held by the fund remained constant at 46 at the end of September, identical to the August count. This stability suggests that the fund manager is focused on refining existing conviction bets rather than drastically altering the number of companies within the fund's overall investment universe.
8Investment Strategy Implications
The September disclosures reveal a disciplined approach to portfolio management, prioritizing incremental adjustments over volatile turnover. By increasing stakes in high-conviction names like Groww and NTPC while exiting underperforming assets, the fund aims to balance growth with sector-specific risks. Investors should monitor these shifts as indicators of the manager's evolving market outlook.
Original article: mint - money — Abakkus Flexi Cap Fund Portfolio Adjustments and AUM Growth