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

Abakkus Small Cap Fund Direct Growth Plan has a NAV of ₹12.689 as of 28 August 2026 and an AUM of ₹2,113 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%, and the scheme is tagged as High Risk. Our view is that this is a small-cap portfolio built for investors who can tolerate sharp swings and want to assess the fund more by its portfolio structure and recent behaviour than by a long performance history.

The benchmark is Nifty Small Cap, and the fund has been in market for a short period, so the performance picture is still early. The portfolio is heavily tilted toward small caps, with a meaningful cash and liquid allocation, so the fund may behave differently from a fully invested small-cap strategy.

Quick facts

Detail	Value
NAV	₹12.689
AUM	₹2,113 Cr
Expense Ratio	0.0%
Launch Date	17 Mar 2026
Min SIP	₹500
Risk Category	High Risk
Benchmark	Nifty Small Cap
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 28 Aug 2026

Performance

Period	Fund return	Benchmark return
1M	2.89%	3.22%
3M	13.4%	9.72%
1Y	Data not available	Data not available
3Y	Data not available	Data not available
5Y	Data not available	Data not available

The fund has only a brief live track record, so the short-window numbers matter more than any long-horizon comparison. In the latest 1-month period, it trailed the benchmark slightly, but over 3 months it moved ahead of the benchmark by a wider margin. That tells us the fund has been able to recover after weaker patches, though the path has not been smooth.

The 3-month pattern is particularly important because it shows a stronger finish than the benchmark after some uneven movement along the way. For a small-cap fund launched in March 2026, that kind of rebound matters more than one isolated month. It suggests the portfolio has participated in the small-cap rally but has also shown the kind of short-term variation investors usually expect in this segment.

There is no meaningful long-term return history yet, so we would avoid drawing conclusions about full market-cycle consistency. Even so, the available numbers indicate that the fund can keep pace with, and at times move ahead of, its benchmark over short periods. The gap between the 1-month and 3-month readings also points to a fund that may be more dependent on entry point and market mood than on a mature long-term compounding record.

Source data date: as of 28 Aug 2026

Should you BUY or HOLD Abakkus Small 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 Small Cap Fund Direct Growth Plan	Data not available	Data not available	Data not available
TRUSTMF Small Cap Fund Direct Growth Plan	36.3813%	Data not available	Data not available
Bank of India Small Cap Fund Direct Growth Plan	31.7005%	23.7026%	21.7179%
Motilal Oswal Small Cap Fund Direct Growth Plan	28.4423%	Data not available	Data not available
Union Small Cap Fund Direct Growth Plan	27.8217%	19.171%	19.1067%
ITI Small Cap Fund Direct Growth Plan	26.4211%	27.038%	20.7711%

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

The current fund does not yet have a 1-year record in the peer table, so it cannot be compared on the same horizon with the more established names. The peer set with available 1-year figures shows much stronger short-term numbers, while the 3-year and 5-year figures available for some peers also point to more developed compounding histories. That makes the current fund look earlier in its journey rather than meaningfully comparable on longer horizons.

At the same time, the fund’s own short-window performance has been constructive relative to the benchmark, which is important for a new scheme. So the comparison tells two different stories: against peers with live long-horizon records it has little history to match yet, but against its benchmark it has shown that it can improve from a softer month to a stronger three-month stretch.

Source data date: as of 28 Aug 2026

Portfolio: where your money goes

Market-cap bucket	Allocation
Large cap	4.35%
Mid cap	4.48%
Small cap	74.76%
Other cap	16.41%

Sector	Allocation	Key holdings
CASH & CASH EQUIVALENTS AND NET ASSETS	19.28%	CLEARING CORPORATION OF INDIA LTD (12.88%); TRIPARTY REPO (4.21%)
HEALTHCARE	10.31%	DR. LAL PATH LABS LIMITED (1.66%); NEULAND LABORATORIES LIMITED (1.49%)
BANK	7.86%	KARUR VYSYA BANK LIMITED (1.72%); EQUITAS SMALL FINANCE BANK LIMITED (1.58%)
DOMESTIC EQUITIES	7.73%	WEWORK INDIA MANAGEMENT LIMITED (1.39%); EMMVEE PHOTOVOLTAIC POWER LIMITED (1.3%)
CAPITAL GOODS	6.18%	KIRLOSKAR OIL ENGINES LIMITED (1.81%); INOX INDIA LIMITED (1.54%)

The portfolio is clearly tilted toward small caps, with 74.76% in that bucket. Large-cap and mid-cap exposure is small at 4.35% and 4.48%, while 16.41% sits in other cap, so the fund still has some flexibility outside the pure small-cap core. That mix means the portfolio may move more sharply than a diversified large-cap fund, but it is not fully concentrated in one style bucket alone.

The biggest sector is CASH & CASH EQUIVALENTS AND NET ASSETS at 19.28%, which is materially larger than each of the operating sectors shown. Healthcare at 10.31% and Bank at 7.86% follow behind, so cash appears likely to have a noticeable influence on the fund’s day-to-day behaviour. That cash weight may also reduce immediate equity exposure relative to a fully deployed small-cap portfolio.

Among the equity sectors shown, healthcare is the largest operating sleeve and could shape results more than the smaller Bank, Domestic Equities and Capital Goods allocations. Still, the small-cap bias across the portfolio suggests stock-specific movement may remain important, especially if the cash allocation is reduced over time.

Source data date: as of 28 Aug 2026

Who should invest

This fund suits investors who are comfortable with High Risk and who can hold through short-term swings. The early return record is limited, and the benchmark comparison shows that monthly results can vary, so a shorter horizon is unlikely to be the right fit.

It is better suited to investors who can wait long enough for the small-cap exposure to work through market cycles. The main trade-off is that the portfolio offers strong small-cap participation, but the cash-heavy structure and new-scheme track record mean the path may be uneven before any longer-term pattern becomes visible.

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: Nil up to 10% of units and 1% for the remaining units if sold on or before 3 months. No exit load after 3 months.

Source data date: as of 28 Aug 2026

Frequently asked questions

What is the current NAV of Abakkus Small Cap Fund Direct Growth Plan?

The NAV is ₹12.689 as of 28 August 2026.

What are the fund’s recent returns?

Its 1-month return is 2.89% and its 3-month return is 13.4%. The scheme does not yet have a live 1-year, 3-year or 5-year return record in the visible performance table.

How does it compare with the benchmark?

Over 1 month, it lagged the benchmark slightly, while over 3 months it moved ahead of the benchmark. That suggests the fund has shown better short-window recovery than its benchmark, even though the record is still early.

How does it compare with other small-cap peers on available return data?

Its peer set shows stronger established 1-year and longer-horizon figures for some funds, while this fund does not yet have those return histories available. On the short horizon, the comparison is more limited because the fund’s own live history is still brief.

What is the minimum SIP amount?

The minimum SIP amount is ₹500.

What is the fund’s risk profile and who manages it?

The scheme is tagged as High Risk and is managed by Sanjay Doshi and Abhishek Srinivas. The portfolio is mostly small cap, with a meaningful cash allocation, so investors should be comfortable with a volatile path.

Bottom line

Abakkus Small Cap Fund Direct Growth Plan is still early in its journey, so the short performance record matters more than any long-term interpretation. Its recent three-month behaviour is stronger than its one-month reading and has outpaced the benchmark over that shorter stretch, but the track record is not yet long enough to call it a mature compounding story. The portfolio’s heavy small-cap tilt, together with a meaningful cash allocation, makes it a distinctive but high-variance option for investors who can tolerate uneven returns.

Published on 31 August 2026 at 2:44 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.