Abakkus Flexi Cap Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Abakkus Flexi Cap Fund Direct Growth Plan has a NAV of ₹11.013 as of 16 Sep 2026 and a scheme AUM of ₹7,394 Cr. Its 1-year, 3-year and 5-year returns are -2.99%, 1.83% and Data not available, and it carries a High Risk label. Our view is that this is a fund for investors who can accept near-term swings in return outcomes and want a diversified flexi-cap approach, but the short track record and mixed early performance mean expectations need to stay measured.

The fund is still very new, so the return history is limited. The portfolio already shows a sizeable banking tilt and a meaningful cash position, which may help near-term flexibility but also means the fund’s future path will depend heavily on stock selection and how the managers deploy capital.

Quick facts

Particular	Details
NAV	₹11.013 as of 16 Sep 2026
AUM	₹7,394 Cr
Expense Ratio	0.0%
Launch Date	29 Dec 2025
Min SIP	₹500
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	NIL upto 10% of units and 1% for remaining units on or before 3M, NIL after 3M
Fund Managers	Sanjay Doshi, Abhishek Srinivas

The fund is managed by Sanjay Doshi and Abhishek Srinivas.

Source data date: as of 16 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-2.99%	-4.41%
3M	1.83%	-3.6%
1Y	Data not available	Data not available
3Y	Data not available	Data not available
5Y	Data not available	Data not available

The most visible feature of the fund’s short record is that the recent 1-month period was weak, but still less weak than the benchmark. That matters because it shows the fund did not fully escape market pressure, yet it held up better than the index over the same stretch.

The 3-month picture is stronger. The fund posted a positive 1.83% return while the benchmark was negative over the same window. For a young flexi-cap scheme, that is a cleaner sign of active positioning than a simple one-day or one-week move would suggest.

The time pattern also points to a fund that has moved through a modest rise, a period of easing, and then a softer patch recently. That kind of uneven path is not unusual for an equity fund this early in its life, but it does mean the current number set is too short to judge how stable the style will be through a full market cycle.

Because the scheme launched on 29 Dec 2025, there is no long return history to anchor 1-year, 3-year or 5-year compounding. For now, our view is that the recent results are better read as an early signal of relative resilience versus the benchmark, not as proof of a durable edge.

Source data date: as of 16 Sep 2026

Should you BUY or HOLD Abakkus Flexi 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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Abakkus Flexi Cap Fund Direct Growth Plan	Data not available	Data not available	Data not available
Bank of India Flexi Cap Fund Direct Growth Plan	10.1%	18.09%	16.01%
ITI Flexi Cap Fund Direct Growth Plan	9.54%	17.61%	Data not available
Navi Flexi Cap Fund Direct Growth Plan	7.9%	10.18%	10.89%
LIC MF Multi Cap Fund Direct Growth Plan	7.11%	17.04%	Data not available
Aditya Birla SL Flexi Cap Fund Direct Growth Plan	5.94%	13.33%	10.98%

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

On the available numbers, this fund trails the peer set on 1-year, 3-year and 5-year data because its own comparable returns are not yet available, while the peer funds have already built track records. That makes the comparison less about direct outperformance and more about the fund’s early stage versus more established alternatives.

The short-term benchmark comparison is more encouraging than the peer table because the fund held up better than Nifty 50 over both the 1-month and 3-month windows. Still, the peer funds with actual return histories show much fuller compounding records, so the longer-term evidence remains with them for now. In practical terms, the short-term story looks steadier than the missing long-term story.

Source data date: as of 16 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Triparty Repo	Cash & Cash Equivalents and Net Assets	6.49%
ICICI Bank Limited	Bank	5.51%
HDFC Bank Limited	Bank	4.41%
State Bank of India	Bank	3.87%
Reliance Industries Limited	Crude Oil	3.11%
Divi'S Laboratories Limited	Healthcare	2.97%
NTPC Limited	Power	2.88%
Oracle Financial Services Software Limited	IT	2.8%
Larsen & Toubro Limited	Infrastructure	2.73%
Inox India Limited	Capital Goods	2.66%

The largest holding, Triparty Repo, is 6.49%, so no single stock position is dominant at the top of the list. That matters because the next few positions are also relatively close together, which may reduce the chance that one security alone drives the portfolio outcome.

The tenth holding is 2.66%, so the weight declines, but not sharply, from first to tenth. The mix still leaves a visible gap between the top position and the smaller names, which suggests the portfolio is diversified across several core ideas rather than clustered around one or two very large bets.

The displayed top ten holdings account for approximately 37.43% of the portfolio, and the scheme discloses 46 holdings in total. That combination points to a portfolio that may still have a broad tail beyond the largest positions, while the visible core remains concentrated enough that the banking group and cash position could continue to shape returns in the near term.

To see all holdings, visit the Abakkus Flexi Cap Fund Direct Growth Plan page

Source data date: as of 16 Sep 2026

Who should invest

This fund fits investors who are comfortable with High Risk equity exposure and can stay invested long enough for the managers to build a fuller record. The short history means the 1-year, 3-year and 5-year numbers are not yet available, so the fund is still early in its performance journey.

The better-than-benchmark showing in the recent 1-month and 3-month windows may appeal to investors who want an active flexi-cap scheme with room to move across market segments. The trade-off is that the portfolio is still young, and the current evidence is too limited to treat short-term resilience as a permanent pattern.

The bank-heavy core and meaningful cash position may suit investors who prefer a diversified but still fairly active equity portfolio. This is better viewed as a longer-horizon allocation where patience matters more than quick conclusions.

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

Exit load applies as follows: NIL upto 10% of units and 1% for remaining units on or before 3M, NIL after 3M.

Source data date: as of 16 Sep 2026

Frequently asked questions

What is the current NAV of Abakkus Flexi Cap Fund Direct Growth Plan?
The current NAV is ₹11.013 as of 16 Sep 2026.

What are the fund’s recent returns?
Its 1-month return is -2.99% and its 3-month return is 1.83%. The 1-year, 3-year and 5-year return figures are not available yet.

How has it done versus the benchmark?
It has done better than Nifty 50 over both the 1-month and 3-month windows. The fund was less weak than the benchmark in 1 month and positive over 3 months while the benchmark was negative.

How does it compare with peer funds on available return data?
The peer funds in the comparison table have longer return histories, while this scheme’s 1-year, 3-year and 5-year figures are not available yet. That makes the peer group more established on long-term numbers, even though the fund has looked steadier than the benchmark in the short run.

What is the minimum SIP amount?
The minimum SIP amount is ₹500.

Who manages the fund and what is the exit load?
The fund is managed by Sanjay Doshi and Abhishek Srinivas. Exit load is NIL upto 10% of units and 1% for remaining units on or before 3M, and NIL after 3M.

Bottom line

Abakkus Flexi Cap Fund Direct Growth Plan is still too young for a long-horizon verdict, but the early short-term pattern is more resilient than the benchmark. The peer set has fuller 1-year, 3-year and 5-year histories, so this scheme is not yet competing on depth of record. Its High Risk profile and bank-led, moderately concentrated top holdings suggest a fund that may work better for investors willing to wait for a longer track record and accept uneven early-stage performance.

Published on 17 September 2026 at 1:44 PM 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.