Defence stock jumps after receiving order for gun stand assemblies from defence firm
By Aditya Raghunath
Investing.com -- Sunil Singhania was the CIO of Reliance (NS:RELI) Mutual Fund that managed $11 billion worth AUM (assets under management). In 2018, he founded Abakkus Fund. In that sense, Abakkus is one of the ‘new kids on the block’. However, this new kid has delivered one of the best returns in FY21 compared to other superstars like Rakesh Jhunjhunwala and Radhakishan Damani. Here’s a look at Abakkus’ returns:
The total value of the public portfolio on March 2020: Rs 162.5 crore
The total value of the pubic portfolio on March 2021: Rs 1,245.6 crore
Percentage gain: 666.5%
How stocks that have been held from March 2020-March 2021 fared:
- Mastek Ltd (NS:MAST)
Closing price on March 31, 2020: Rs 187.46
Closing price on March 31, 2021: Rs 1,219.65
Percentage gain: 550%
- HIL Ltd (NS:HLLT)
Closing price on March 31, 2020: Rs 622.14
Closing price on March 31, 2021: Rs 3,048.8
Percentage gain: 390%
- Somany Home Innovation Ltd (NS:SOMN)
Closing price on March 31, 2020: Rs 67.72
Closing price on March 31, 2021: Rs 271.55
Percentage gain: 301%
- IIFL Fiinance Ltd Class B (NS:IIFL)
Closing price on March 31, 2020: Rs 73.15
Closing price on March 31, 2021: Rs 293.95
Percentage gain: 302%
Closing price on March 31, 2020: Rs 39.65
Closing price on March 31, 2021: Rs 125.05
Percentage gain: 215%
Apart from these stocks, Abakkus also invested in companies like Route Mobile Ltd (NS:ROUT), Acrysil Ltd (NS:ACRI) and Saregama India Ltd (NS:SARE) in FY21.