Abakkus Large & Mid Cap Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 21, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Abakkus Large & Mid Cap Fund Direct Growth Plan had an NAV of ₹9.891 as of 18 September 2026 and scheme AUM of ₹437 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%, and the fund carries a High Risk profile. Our view is that this is a young scheme with a short track record, so the more useful read is its portfolio structure and how closely it has tracked the broader large-and-mid-cap space so far.
The fund’s recent one-month return has been less weak than the benchmark, but there is not yet enough longer-run history to judge whether that gap can persist. For now, it looks most relevant to investors who can tolerate sharp swings and want exposure to an actively managed large-and-mid-cap mandate, while accepting that the current evidence base is limited.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹9.891 as of 18 Sep 2026 |
| AUM | ₹437 Cr |
| Expense Ratio | 0.0% |
| Launch Date | 04 Aug 2026 |
| Min SIP | ₹500 |
| Risk Category | High Risk |
| Benchmark | Nifty Mid Cap |
| Fund Category | Equity |
| Exit Load | 1% on or before 6M, NIL after 6M |
| Fund Managers | Pratish Krishnan, Abhishek Srinivas |
The fund is managed by Pratish Krishnan and Abhishek Srinivas.
Source data date: as of 18 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -1.76% | -3.73% |
| 3M | Data not available | Data not available |
| 1Y | Data not available | Data not available |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
The latest monthly reading gives a narrow but clear picture: the fund fell less than its benchmark over the month, which suggests it held up slightly better in a weak patch. That does not yet tell us much about consistency, because the scheme only launched in August 2026 and does not have a multi-year public return history available here.
Because the fund is so new, the most important performance question is not long-run compounding but early behaviour. A 1-month decline for both the fund and the benchmark means the environment has been negative, yet the smaller fall in the fund may indicate some near-term resilience. We would still treat that as an observation, not a pattern, because one month is too short to establish a dependable record.
Compared with the benchmark, the fund has stayed closer to capital preservation in the recent period. That said, the benchmark itself has also been weak, so the relative edge is modest rather than decisive. For investors, the lack of 3-year and 5-year history means there is no mature return profile to lean on; the short-term figure is the only visible performance signal right now.
In practical terms, this is a scheme where portfolio construction may matter more than headline trailing returns at present. Until the fund builds a longer record, our view is that the better question is whether its holdings and risk posture fit the investor’s tolerance for volatility, rather than whether past compounding has already proven itself.
Source data date: as of 18 Sep 2026
Should you BUY or HOLD Abakkus Large & Mid Cap?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding Abakkus Large & Mid Cap? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Abakkus Large & Mid Cap Fund Direct Growth Plan | Data not available | Data not available | Data not available |
| Quant Large & Mid Cap Fund Direct Growth Plan | 9.74% | 14.83% | 15.98% |
| HSBC Large & Mid Cap Fund Direct Growth Plan | 9.29% | 18.04% | 14.68% |
| Sundaram Large and Mid Cap Fund Direct Growth Plan | 8.13% | 14.5% | 12.17% |
| Motilal Oswal Large & Midcap Fund Direct Growth Plan | 7.44% | 22.21% | 18.76% |
| Invesco India Large & Mid Cap Fund Direct Growth Plan | 6.46% | 22.41% | 17.1% |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. On the available numbers, the current fund has no published 1-year, 3-year or 5-year return history yet, while the peer set shows meaningful positive multi-year records. That means the comparison is tilted heavily toward established funds for now.
Even so, the near-term picture is not uniformly negative for this scheme, because its latest monthly move was less weak than the benchmark. The longer-term peer figures, however, show that other funds in this space have already built visible 3-year and 5-year records, so this fund is still at an early stage relative to the group. The short-term and longer-term stories are therefore different: recent relative stability is visible, but compounding history is not yet.
Source data date: as of 18 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Triparty Repo | Cash & Cash Equivalents and Net Assets | 15.17% |
| ICICI Bank Limited | Bank | 4.54% |
| One 97 Communications Limited | IT | 2.92% |
| Axis Bank Limited | Bank | 2.77% |
| Lenskart Solutions Limited | Domestic Equities | 2.76% |
| PB Fintech Limited | IT | 2.33% |
| Bharat Electronics Limited | Capital Goods | 2.25% |
| Divi’S Laboratories Limited | Healthcare | 2.11% |
| Billionbrains Garage Ventures Ltd | Domestic Equities | 2.1% |
| Shriram Finance Limited | Finance | 2.06% |
The largest holding, Triparty Repo, accounts for 15.17% of the portfolio, which is materially larger than any single equity line in the visible list. From there, the weights fall away fairly quickly: the tenth holding is 2.06%, so the top position is more than seven times that size. That gap suggests the fund may be using cash-like exposure as a meaningful stabiliser alongside active stock selection.
The displayed holdings add up to 39.01% across the top 10 positions, and the scheme reports 47 total holding rows. That points to a portfolio that is not fully captured by the visible slice and may have a longer tail of smaller positions beyond the leading names. The top names may still have greater influence on short-term returns, but the spread across 47 holdings also suggests the fund is not relying on just a few stocks alone.
Several of the larger equity positions sit in banks, IT-linked names, healthcare and capital goods, so the visible mix is varied rather than narrowly concentrated in one industry. Because the largest line is cash-like and the next several holdings are all under 5%, the portfolio may behave differently from a pure high-conviction equity sleeve, especially in choppier markets. That combination can reduce single-stock dependence, but it can also mean the fund’s equity upside is shaped by both selection and liquidity positioning.
To see all holdings, visit the Abakkus Large & Mid Cap Fund Direct Growth Plan page
Source data date: as of 18 Sep 2026
Who should invest
This fund suits investors with a high tolerance for volatility and a medium-to-long investment horizon. The official risk label is High Risk, and the scheme’s short history means there is no long record yet to smooth out early swings or show how it behaves across full market cycles.
The trade-off is straightforward: you get an actively managed large-and-mid-cap portfolio with a visible cash-like holding and a diversified tail, but you must accept that the published return track record is still incomplete. For investors who want an early-stage equity allocation and can live with uncertainty while the record builds, that may be acceptable. For those who want a longer, proven performance history, it may be too soon to judge.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
The exit load is 1% on or before 6 months, and nil after 6 months.
Source data date: as of 18 Sep 2026
Frequently asked questions
What is the current NAV of Abakkus Large & Mid Cap Fund Direct Growth Plan?
The current NAV is ₹9.891 as of 18 September 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The published 1-year, 3-year and 5-year returns are all 0% at present. The scheme is very new, so a longer return history is not yet available.
How has it done versus the benchmark recently?
Its 1-month return is -1.76%, while the benchmark’s 1-month return is -3.73%. That means the fund fell less than the benchmark over the most recent month.
What kind of risk profile does it have?
It carries a High Risk profile. The scheme is aimed at investors who can tolerate sharp fluctuations and are comfortable with a young fund record.
How large is the scheme and who manages it?
The scheme AUM is ₹437 Cr, and it is managed by Pratish Krishnan and Abhishek Srinivas. The fund launched on 04 Aug 2026.
What is the exit load and does it have a minimum SIP?
The exit load is 1% on or before 6 months, and nil after 6 months. The minimum SIP is ₹500.
Bottom line
Abakkus Large & Mid Cap Fund Direct Growth Plan is still too new for a long performance judgment, so the most useful signal is its early behaviour versus the benchmark and its portfolio structure. The latest monthly result was less weak than the benchmark, but the 1-year, 3-year and 5-year return fields do not yet provide a mature record. The visible portfolio is led by a cash-like holding and then a fairly diversified set of equity positions, which may soften single-stock dependence while still leaving the fund in a High Risk bracket.
Published on 21 September 2026 at 10:34 AM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.