Abakkus All Cap Approach PMS


Key Portfolio Attributes

Sunil Singhania
Aman Chowhan
Mr. Deven Sangoi

Number of Stocks: Approx 25

Founder's Name: Sunil Singhania

Portfolio Managers: Aman Chowhan & Deven Sangoi

Portfolio Managers' Qualifications:

Aman Chowhan: MBA from Mumbai University

Deven Sangoi: Electronics Engineering from Mumbai University and holds a post-graduate degree in Finance from Newport University

Portfolio Managers' Experiences:

Aman Chowhan: Over 17 years of experience in Indian Equity Markets

Deven Sangoi: Over 22 years of experience in the asset management side

Investment Objective

Abakkus is an Alpha Focussed Asset Manager. This is a multi-cap PMS designed to generate alpha and risk-adjusted returns for clients by investing in benchmark agnostic portfolio across market capitalization. The idea is to focus on growth in value.

This is a well diversified, aspiring leaders portfolio that makes selective sector calls with a contrarian approach and usually are first investors.

Portfolio Strategy

• Abakkus All Cap or Abakkus Growth PMS is a benchmark agnostic diversified All-cap portfolio.

• Abakkus All Cap PMS is fundamentals based portfolio constructed with bottom-up approach.

• Abakkus All Cap PMS strives for Alpha from exposure to broader market companies with sustainable business and high ROEs.

• Abakkus All Cap PMS endeavors to generate alpha and wealth creation by buying with typically 3-5 years holding period.

• Abakkus likes 2nd or 3rd player within a sector available at a significant discount to the leader.

• Abakkus follows “MEETS” Framework which stands for Management, Earnings, Events/Trend, and Timings.

Investment Philosophy

• Abakkus Asset Manager follows the approach of growth in value, which means, identifying those companies which are value picks but with traits of growth in sales, market share and earnings.

• Abakkus believes that such companies have not only margin of safety but also, a high scope of stock getting re-rated as the growth story becomes more visible to the market.

Following Abakkus philosophy of finding growth in value may sound simple, but is not easy.

Abakkus All Cap PMS invests in growth companies : These are those companies where profitability is expected to grow higher than the market average.

Abakkus All Cap PMS invests in growth companies at low price : These are those companies where fundamentally the price of its share is underpriced but business has a reasonable growth expectations.

Abakkus All Cap PMS follows Buy & Hold : Invest in companies as if investing in the business as a partner.

• Abakkus All Cap Growth PMS is a Multicap portfolio of ~40% Large & ~60% in Mid & small companies.

• Abakkus follows a Bottom-up research with a focus on the P & L, Balance sheet, Cash flows, and Valuations.

• Abakkus All Cap Growth PMS doesn’t chase a momentum, but its earings, earnings, and earnings.

• Abakkus All Cap PMS prefer to be a contrarian and so, likes to be an early, first or only investor.




Performance Table #


Trailing Returns (%) 1m return 3m return 6m return 1y return 2y return 3y return 5y return 10y return Since inception return
Portfolio5.9%6.5%-0.5%-0.3%35.4%---35.2%
S&P BSE 2004.4%5.2%4.9%2.8%26.5%---26.0%



QRC Report Card *




VIEW DETAILED QUALITY, RISK, CONSISTENCY ANALYSIS

Portfolio Holdings


Holding %
UPL LTD 5.33
ICICI Bank Ltd 5.26
Polycab India Ltd 5.25
ICICI Securities Ltd 5.07
STATE BANK OF INDIA 5.01
Top 5 Equity Holdings 25.92

Sector Allocation


Holding %
Communication Services 3.30
Cash & Cash Equivalents 3.50
Insurance 4.50
Materials 4.60
Agricultural Chemicals 4.90
Healthcare Services 8.20
Banks 9.50
Information Technology 12.90
Industrials 16.00
NBFC 19.70

Market Cap Allocation


Allocations %
Large Cap 35.8
Mid Cap 21.9
Small Cap 35.5
Cash 6.8


Do Not Simply Invest, Make Informed Decisions

WISH TO MAKE INFORMED INVESTMENTS FOR LONG TERM WEALTH CREATION

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From the Founders & Managers of Abakkus Asset Manager LLP PMS

What to expect from Abakkus All Cap Approach PMS?

Abakkus Asset Manager LLP is an alpha focused asset manager investing in Indian Equities. Founded in 2018 by Mr. Sunil Singhania with a vision to make Abakkus, one of India’s most revered and top performing asset managers. Over the last 4 years, Abakkus has launched funds under the Category III AIF and the PMS platform. AMC today manages ~ Rs 9,000 crores of assets.

 

All Cap Approach portfolio is a Benchmark agnostic diversified portfolio adhering to proprietary “MEETS” investment framework. It focuses on bottom-up investment ideas with focus on stocks which can double their earnings in next 4-5 years. Portfolio typically will have 35-50% allocation towards large caps and rest is in broader markets. Typically, focus area of the portfolio in broader market is in companies that are between Rs 5,000 crs to Rs 35,000 crs range.

 

Portfolio looks at decent earnings growth of atleast mid-teens, while not overpaying in terms of valuations. Owing to this, typically you will not find the richly valued quality or over-hyped names in the portfolio as most of these names trade at an significant premium to market levels and are priced to perfection.

 

Within large cap our focus is on investing in companies with earnings visibility and slightly contrarian to industry peers while our mid cap exposure is typically into companies which are 2nd or 3rd player but known player in their segment of operations and that have sustainable business with over 15% ROEs.

Who should invest in this PMS?

Those investors seeking for differentiated portfolio can invest in this strategy with horizon of 4-5 years. Portfolio has a blend of large caps to focus on stability during volatile times as well as decent broader market exposure to focus on alpha generation. The portfolio manager’s endeavour is to invest judicially rather than just by allocation basis which has helped in generating risk adjusted returns in the past.

Which is the best company through which an investor can invest in Abakkus All Cap Approach PMS?

We recommend PMS AIF WORLD, because, it is one unique platform that offers real knowledge driven investing with their highly meaningful data, reports, and content that is written very well. PMS AIF World is a team of highly articulate, educated, and experienced people.



Disclaimer

#Returns as of 31 Oct 2022. Returns up to 1 Year are absolute, above 1 Year are CAGR.

*QRC Report Card data is updated quarterly. Current data is as of Sep 22.




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