Sunil Singhania-backed Abakkus Flexi Cap Fund increased its holdings in Groww, NTPC and HDFC Bank in September, while adding pharmaceutical company Zydus Lifesciences to its portfolio and exiting Cyient DLM. The fund raised its holdings in 35 existing stocks and trimmed two others during the month.
The fund’s September disclosure shows changes across existing investments rather than a broad reshuffle. Its portfolio contained 46 stocks at the end of September, unchanged from August.
Groww, NTPC and HDFC Bank see higher holdings
Groww parent Billionbrains Garage Ventures was among the fund’s biggest additions by share quantity. Abakkus Flexi Cap Fund increased its holding by 30 lakh shares, taking it to 90 lakh shares in September.
The fund also added 13.5 lakh shares of NTPC, taking its holding to 78.5 lakh shares, and bought another 4 lakh shares of HDFC Bank, raising its total to 50 lakh shares.
|
Stock |
August shares |
September shares |
No. of shares added |
| Billionbrains Garage Ventures (Groww) | 60 lakh | 90 lakh | 30 lakh |
| NTPC | 65 lakh | 78.50 lakh | 13.50 lakh |
| Edelweiss Financial Services | 80 lakh | 90.05 lakh | 10.05 lakh |
| Federal Bank | 55 lakh | 65 lakh | 10 lakh |
| Emmvee Photovoltaic Power | 38 lakh | 46.65 lakh | 8.65 lakh |
| Leela Palaces Hotels & Resorts | 28 lakh | 35.69 lakh | 7.69 lakh |
| Indus Towers | 50 lakh | 57.51 lakh | 7.51 lakh |
| HDFC Bank | 46 lakh | 50 lakh | 4 lakh |
| State Bank of India | 27 lakh | 30 lakh | 3 lakh |
| Reliance Industries | 18 lakh | 19.25 lakh | 1.25 lakh |
| Source: Abakkus Mutual Fund’s monthly portfolio disclosures for August and September 2026. | |||
Reliance Industries was another stock where the increased its exposure. It added 1.25 lakh shares, taking its holding to 19.25 lakh shares. The fund also raised its positions in State Bank of India and ICICI Bank.
Zydus Lifesciences enters the portfolio; Cyient DLM exits
The fund added Zydus Lifesciences as a new position, buying 7 lakh shares during September. The holding was valued at around ₹81.34 crore at the end of the month.
At the other end, the fund sold its entire holding in Cyient DLM, exiting the stock after holding 1.51 lakh shares in August. The position was worth around ₹12.74 crore at the end of that month.
The fund also reduced its holdings in two stocks. It sold 61,807 shares of Divi’s Laboratories, bringing its holding down to 1.70 lakh shares. In Oracle Financial Services Software, it sold 45,426 shares, leaving it with around 1.20 lakh shares.
Banks and financial services remain key portfolio exposures
Despite the changes in individual stocks, the fund’s portfolio remained spread across 22 sectors. was its largest sector exposure, accounting for around 15.79% of net assets, followed by finance at 10.13%.
The portfolio included a mix of financial services companies, industrial businesses, power producers, technology-related stocks and consumer-facing businesses. Its holdings in banks included HDFC Bank, State Bank of India and ICICI Bank, while its other investments included NTPC and Reliance Industries.
The fund’s AUM rose to ₹7,843.87 crore as of 30 September, from ₹7,394.97 crore at the end of August. It’s cash and cash-equivalent allocation declined slightly to 6.29% of net assets in September, from 6.49% in August.