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The fund managed assets worth Rs 2,492.97 crore at the end of December ( fund mobilised in NFO). Of this, equity investments accounted for Rs 479.96 crore, or 19.24 per cent of net assets, while Rs 1,998.59 crore, or 80.17 per cent, was held in reverse repo and TREPS. Net receivables stood at Rs 14.42 crore, or 0.59 per cent of assets.
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Moneycontrol•10-01-2026, 18:39

HDFC Bank Tops Abakkus Flexi Cap Fund's Initial Holdings; 80% in Cash

  • •Sunil Singhania-backed Abakkus Flexi Cap Fund's first disclosure shows HDFC Bank as its largest equity holding.
  • •Over 80% of the fund's corpus, Rs 1,998.59 crore, remains in cash and cash equivalents post-NFO closure on December 22, 2025.
  • •The fund managed Rs 2,492.97 crore in assets by December 31, 2025, with equity investments at Rs 479.96 crore (19.24% of net assets).
  • •Top equity holdings include HDFC Bank (2.78%), ICICI Bank (2.42%), State Bank of India (1.69%), and Federal Bank (1.47%), showing a strong banking sector bias.
  • •Diversified holdings outside financials include United Spirits, Larsen & Toubro, Vedanta, NTPC, Oracle Financial Services Software, Tata Steel, and Urban Company.

Why It Matters: Abakkus Flexi Cap Fund starts cautiously with HDFC Bank as top holding and significant cash reserves.

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