Abakkus Emerging Opportunities PMS


Key Attributes

Inception Date: 26- Aug-2020

Number of Stocks: Approx 25

Founder Name: Sunil Singhania

Portfolio Manager Name: Aman Chowhan

Portfolio Manager's Qualification: MBA from Mumbai University

Portfolio Manager Experience: Over 17 years of experience in Indian Equity Markets

Investment Objective

Abakkus is an Alpha Focussed Asset Manager. Abakkus Emerging Opportunities a Mid & Small Cap focused PMS designed to generate alpha and risk-adjusted returns for clients by investing in benchmark agnostic portfolio across Mid & Small Cap companies. 

Investment Strategy

  • Abakkus Emerging Portfolio comes with 2 structures i.e PMS and  AIF. Both follow benchmark agnostic diversified portfolio approach with bias towards mid and small caps. AIF is closed ended and not accepting money. PMS is open ended, and accepts money when market levels in mid & small caps are right. 
  • Abakkus Emerging Portfolio follows a 15:15:15 discipline whereby Abakkus Emerging PMS and AIF invests predominantly in companies qualifying at least 2 out of following 3 criteria :                         

o   >15% ROE

o   >15% earnings growth

o   < 15 P/E Ratio 

  • Abakkus PMS and AIF products like 2nd or 3rd player within a sector, available at a significant discount to the leader.
  • Abakkus PMS and AIF products like fundamentals based ideas picked via a bottom up approach.
  • Abakkus PMS and AIF products endeavour to generate alpha and wealth creation by investing with typically 3 to 5 years of holding period.
  • Abakkus PMS and AIF follows “MEETS” Framework which stands for Management, Earnings, Events/Trend, and Timings.

Investment Philosophy

  • Abakkus Asset Manager follows the ‘approach of growth in value investing’, which means, identifying those companies which are value picks in terms of its stock price versus its business earnings. Companies with traits & more potential  for growth in sales, market share and earnings.
  • Abakkus believes that such companies have not only margin of safety because of the low investable price 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 it is not easy and very few companies are able to do it well. Most get stuck in value and which over time becomes a deep value as if growth doesn’t follow.
  • Abakkus Emerging PMS and AIF products objectively invest in growth companies at lower price. These are those companies where profitability is expected to grow higher than the market average and, fundamentally companies share is underpriced.
  • Abakkus Asset Manager follows Buy & Hold. This means, investment team at Abakkus Invests in company’s stock/share, as if investing in the business like a partner and not like a share trader. 
  • Abakkus Emerging PMS / AIF invests in small & mid companies with a scalable business models. This means businesses with strong growth potential of becoming larger companies where by small cap becomes mid cap and mid cap becomes a large cap over time.
  • Abakkus Asset Manager follows a Bottom-up research. This means, selecting portfolio companies with a focus on profit & loss statements, balance sheet, cash flow statements, and valuations.
  • Abakkus prefers to be a contrarian : Investing in companies, where other investors still do not have high conviction. Based on knowledge of companies growth potential, once convinced, Abakkus doesn’t hesitate investing early, as a first investor or as an 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
Portfolio2.7%-0.9%1.0%38.2%----56.0%
S&P BSE 500-0.6%-0.7%-1.8%19.6%----30.3%



QRC Report Card *




VIEW DETAILED QUALITY, RISK, CONSISTENCY ANALYSIS

Portfolio Holdings


Holding %
JINDAL STAINLESS HISAR LTD 8.07
ALLCARGO LOGISTICS LTD 6.99
MASTEK LTD 6.39
RUPA and COMPANY LTD 5.20
ION EXCHANGE INDIA LTD 5.03
KOPRAN LTD 4.86
RADICO KHAITAN LTD 4.53
SAREGAMA INDIA LTD 4.45
IDFCLTD 4.30
UPL LTD 4.05
Top 10 Equity Holdings 53.87

Sector Allocation


Holding %
Consumer Discretionary 2.80
Insurance 3.30
Banks 3.50
Agricultural Chemicals 3.60
Information Technology 7.40
Cash & Cash Equivalents 7.50
Communication Services 7.90
Materials 8.80
Healthcare Services 10.20
Industrials 12.60
Consumer Staples 12.90
NBFC 14.30

Market Cap Allocation


Allocations %
Large Cap 10.0
Mid Cap 50.0
Small Cap 25.0
Cash 15.0

Disclaimer

#Returns as of 30 Apr 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 Mar 22.



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