Sunil Singhania backed Abakkus Flexi Cap Fund has increased stake in HDFC Bank, Reliance Industries and 29 other stocks in the month of May, according to the monthly portfolio disclosed by ACE MF.
Around 5.50 lakh shares of HDFC Bank were added to the portfolio and the fund had 25.50 lakh shares of this stock in May compared to 20 lakh in April. The fund added 1 lakh shares of Reliance Industries in its portfolio and had 11 lakh shares in its portfolio as of May 31, 2026.
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Among the other 29 stocks, the flexicap fund added the maximum number of shares of Edelweiss Financial Services. Around 23.57 lakh shares of this stock were added to the portfolio taking the total count to 51.50 lakh in May against 27.92 lakh in April.
Nearly 12.50 lakh shares of The Federal Bank were added to the portfolio, followed by 9 lakh shares of Tata Steel and Urban Company each. The flexi cap fund added 6.82 lakh shares of Bank of Baroda to the portfolio in the said time period.
The other stocks where the flexicap fund increased its exposure were SBI, Kajaria Ceramics, Lupin, M&M, ICICI Bank, Ajanta Pharma, United Spirits, Oracle Financial Services Software, Divi’s Laboratories, IIFL Finance, DLF, ICICI Prudential AMC, Inox India, Indus Towers and 11 others.
The exposure in nearly 18 stocks remained unchanged which includes BEML, CG Power and Industrial Solutions, Vedanta, L&T, Kirloskar Pneumatic Company, Heritage Foods, Deepak Fertilisers and Petrochemicals Corporation NTPC, Bajaj Auto, Cyient DLM, Vedanta Oil and Gas, Vedanta Power, Vedanta Aluminium Metal and Vedanta Iron And Steel and four others.
The fund did not reduce its exposure in any stock nor it made a complete exit from any stock in the month of May.
The number of stocks in the portfolio were 49 in May similar to the stock count in April. The portfolio was spread across 23 sectors where the highest allocation was in banks of around 17.60%, followed by 10.33% in finance.
As a percentage to NAV, the fund had the highest allocation in ICICI Bank of around 4.63%, followed by 4.12% in HDFC Bank and 3.15% in RIL in May.
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Launched on December 29, 2025 the fund has delivered 7.74% return since its inception and in the last three months, the fund delivered a return of 12.03%.
The primary investment objective of the scheme is to generate capital appreciation & provide long-term growth opportunities through equity and equity related instruments by investing in a diversified portfolio of largecap, midcap and smallcap securities and the secondary objective is to generate consistent returns by investing in debt and money market securities.
It had an AUM of Rs 4,613 crore as of May 31, 2026. It is benchmarked against the BSE 500 Index (TRI) and is managed by Sanjay Doshi (Equity) and Abhishek K S (Fixed Income).
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