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

Abakkus Small Cap Fund Direct Growth Plan had a NAV of ₹12.338 as of 16 Sep 2026 and an AUM of ₹2,794 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%, and the fund sits in the High Risk category. Our view is that this is a very young small-cap scheme, so the early return record is not yet useful for judging long-term consistency; the portfolio mix and benchmark sensitivity matter more at this stage.

The fund invests in a small-cap category and tracks Nifty Small Cap as its benchmark. With limited live history, the main investor question is not past compounding but whether the current risk profile and portfolio shape fit a patient, high-volatility allocation.

Quick facts

Particular	Details
NAV	₹12.338 as of 16 Sep 2026
AUM	₹2,794 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 16 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-2.06%	-2.45%
3M	4.7%	2.1%
1Y	Data not available	Data not available
3Y	Data not available	Data not available
5Y	Data not available	Data not available

The recent picture is mixed. Over 1 month, the fund fell less than the benchmark, which suggests it held up slightly better in a weak phase. Over 3 months, it moved ahead of the benchmark by a clear margin, so the short-term trend is constructive even though it still reflects the swings typical of small caps.

The 3-month path also shows a steadier climb than the 1-month dip implies. That matters because a small-cap portfolio can look uneven over very short windows, and the more relevant sign here is that the fund recovered better than the benchmark in the latest 3-month stretch. Still, the history is too short for us to treat this as evidence of durable outperformance.

The longer-window figures are not yet available, so we cannot build a full cycle view. For now, the fund reads as an early-stage small-cap strategy with a short-term edge over its benchmark, but not enough operating history to judge whether that edge can persist through a full market cycle.

Source data date: as of 16 Sep 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.

Already holding Abakkus Small Cap? Thinking of investing now?

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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	27.33%	Data not available	Data not available
Bank of India Small Cap Fund Direct Growth Plan	24.01%	20.78%	19.46%
Motilal Oswal Small Cap Fund Direct Growth Plan	19.7%	Data not available	Data not available
Union Small Cap Fund Direct Growth Plan	18.13%	16.46%	16.71%
ITI Small Cap Fund Direct Growth Plan	17.75%	23.78%	18.52%

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 live return record in the comparison set, while several peer funds show meaningful 1-year and multi-year numbers. That makes the peer picture favorable to the more established names on available history, especially where 3-year and 5-year data exist. At the same time, the fund’s recent 1-month and 3-month behaviour is not out of line with a small-cap mandate and shows some resilience versus the benchmark.

For now, the short-term comparison and the longer-horizon peer data tell different stories: the fund looks competitive in the latest stretch, but the peer set has the deeper track record. We would therefore treat the comparison as a reminder that this scheme is still early in its life, not as a final verdict on its long-term ability.

Source data date: as of 16 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
Triparty Repo	Cash & Cash Equivalents and Net Assets	12.17%
Welspun Corp Limited	Iron & Steel	2.21%
Computer Age Management Services Limited	Business Services	1.96%
Vedant Fashions Limited	Textile	1.95%
Leela Palaces Hotels & Resorts Limited	Hospitality	1.89%
ZF Commercial Vehicle Control Systems India Limited	Automobile & Ancillaries	1.84%
Inox India Limited	Capital Goods	1.83%
Karur Vysya Bank Limited	Bank	1.8%
Sansera Engineering Limited	Automobile & Ancillaries	1.74%
Gabriel India Limited	Automobile & Ancillaries	1.73%

The largest disclosed holding is Triparty Repo at 12.17%, which is a meaningful cash-like allocation for a small-cap fund. After that, the weights drop quickly into a narrow band around 2%, so no single equity position dominates the visible list in the way the cash sleeve does.

The top 10 holdings together account for approximately 29.12% of the portfolio, while the scheme discloses 62 holdings in total. That combination suggests a fairly long tail beyond the visible names, so the portfolio may spread stock-specific exposure across many positions rather than rely on a few very large bets. Even so, the first holding is still large enough to influence short-term behaviour.

Because the disclosed list includes both cash-like exposure and several mid-sized stock positions, the portfolio could behave with some buffer at the margin, but it still remains a small-cap strategy. The mix looks diversified across names, yet the overall fund still may move sharply when the small-cap segment moves.

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

Source data date: as of 16 Sep 2026

Who should invest

This fund is suitable for investors who are comfortable with High Risk and can hold through sharp short-term swings. The short history means the return pattern is still developing, but the recent 1-month and 3-month behaviour shows that the fund can move around even when it stays close to or ahead of the benchmark.

The right horizon is likely to be long rather than short, because small-cap exposure needs time for the underlying businesses and market cycle to play out. The main trade-off is that the fund offers access to a diversified small-cap portfolio, but with little long-term evidence yet and a return path that can be uneven in the near term.

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 within 3 months; no exit load after 3 months.

Source data date: as of 16 Sep 2026

Frequently asked questions

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

The NAV is ₹12.338 as of 16 Sep 2026.

What are the fund’s recent returns?

The 1-month return is -2.06% and the 3-month return is 4.7%. The fund does not yet have live 1-year, 3-year or 5-year return figures available in this review.

How does it compare with the benchmark?

Over 1 month, the fund fell less than Nifty Small Cap. Over 3 months, it outpaced the benchmark, which suggests a slightly better short-term run than the index.

How does it compare with peer funds on available return data?

Several peer funds show stronger measured 1-year and multi-year returns, while this fund does not yet have a live return history for those horizons. That makes the comparison more favorable to established peers on longer records.

What is the minimum SIP amount?

Minimum SIP 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 up to 10% of units and 1% for the remaining units if sold within 3 months; no exit load after 3 months.

Bottom line

Abakkus Small Cap Fund Direct Growth Plan is still early in its life, so the short-term return pattern matters more than any longer-cycle judgment. Recent behaviour has been a little better than the benchmark, but the fund still lacks meaningful longer-horizon history, while several peers already have more complete records. The portfolio is diversified across many holdings, yet the scheme remains a High Risk small-cap fund, which makes patience and volatility tolerance essential.

Published on 17 September 2026 at 3:31 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.