Abakkus Flexi Cap Fund Increases Stakes in HDFC Bank and RIL in March
Sunil Singhania-backed Abakkus Flexi Cap Fund raise stake in HDFC Bank, RIL and 28 other stocks in March
The Economic Times
Image: The Economic Times
Abakkus Flexi Cap Fund, backed by Sunil Singhania, raised its stakes in HDFC Bank and Reliance Industries (RIL) in March 2026, increasing its holdings to 20 lakh shares in HDFC Bank and 10 lakh shares in RIL. The fund also expanded its portfolio by adding shares in 28 other stocks, including Tata Steel and Bank of Baroda.
- 01Abakkus Flexi Cap Fund increased its stake in HDFC Bank to 20 lakh shares.
- 02The fund raised its holdings in Reliance Industries to 10 lakh shares.
- 03Tata Steel saw the largest addition with 9 lakh shares added.
- 04A complete exit from Bharat Petroleum Corporation occurred, selling 16.01 lakh shares.
- 05The fund's total assets under management (AUM) reached ₹3,089 crore.
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In March 2026, the Abakkus Flexi Cap Fund, supported by investor Sunil Singhania, significantly increased its holdings in key stocks such as HDFC Bank and Reliance Industries. The fund added nearly 2 lakh shares of HDFC Bank, bringing its total to 20 lakh shares, and increased its stake in Reliance Industries to 10 lakh shares by adding 75,000 shares. The fund also expanded its portfolio with a total of 28 other stocks, most notably increasing its stake in Tata Steel by 9 lakh shares and Bank of Baroda by 5 lakh shares. Notably, the fund completely exited from Bharat Petroleum Corporation, selling 16.01 lakh shares. As of March 31, 2026, the fund maintained a diversified portfolio of 44 stocks across 22 sectors, with an AUM of approximately ₹3,089 crore. The fund aims for capital appreciation and long-term growth through a mix of large, mid, and small-cap securities while focusing on sectors like Industrials, Financial Services, Consumer Discretionary, and Healthcare.
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The increased stakes in major companies like HDFC Bank and RIL may signal confidence in their growth potential, potentially benefiting investors and stakeholders in these firms.
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