Sunil Singhania’s Abakkus Fund Gained 666.5% in FY21

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Sunil Singhania’s Abakkus Fund Gained 666.5% in FY21
Credit: © Reuters.

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:

  1. 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%

 

  1. 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%

 

  1. 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%

 

  1. 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%

 

  1. Jindal Stainless (NS: JIST ) Hisar Ltd (NS: JINA )

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.

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  • Vidyasagar Appana @Vidyasagar Appana
    Lol. Yet another article with pointless facts & incomplete details. I think below comments already pointed out the lacunas. There is more to writing article than just flushing out the data from a book / reprot to fill the pages. Lol.
    Like 4
  • Santosh Nikam @Santosh Nikam
    His holing is iifl securities not in iifl finance . Please check data .
    Like 2
  • Abhishek Bal @Abhishek Bal
    Misrepresentation at its worst. Sunil is a fellow CFA Charterholder. If he can uphold rhe core values if ehtics who will ?
    Like 1
  • Salman Qazi @Salman Qazi
    Some points are missing while calculating gains:1- Deduct additional Inflow between Mar20 to Mar212- Did he start fund at the low of Mar 2020? If no then3- his portfolio might show good return from bottom of Mar20  to Mar21 but one has to know what his actual buying price to see actual gain.
    Like 1
  • Vikram Jit Singh @Vikram Jit Singh
    How can fund deliver 655% return if none of the stock has supassed the total fund return ?
    Like 6
  • evershine agencies @evershine agencies
    Add to this the starting point is taken as March 2020 will certainly come up with a startling and distorted figure
    Like 1
  • Jasween Malik @Jasween Malik
    This is not how gains are measured. Inflows to the fund which resulted in most of AUM growth have to be excluded.
    Like 6
  • Jasween Malik @Jasween Malik
    This is not how gains are measured. Inflows to the fund which resulted in most of AUM growth have to be excluded.
    Like 2

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