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Sunil Singhania’s Abakkus with $4.29Bn AUM launches Flexi Cap Fund

Abakkus Asset Managers, founded by Sunil Singhania, former Global Head of Equities at Reliance Capital, has launched its first mutual fund product, the Flexi Cap Fund. It’s an equity mutual fund, which will be managed by Sanjay Doshi, former Senior Fund Manager at Abakkus Asset Manager. The firm already has ₹38,049 crore ($4.29 billion) in AUM.

The Finance Story by The Finance Story
Published date: 13th December, 2025
Last edited date: 17th December, 2025
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Sunil Singhania's Abakkus with $4.29Bn AUM launches Flexi Cap Fund
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  • In 2018, Sunil Singhania daringly walked away from Reliance Capital as Global Head of Equities to build something of his own.
  • Fast forward seven years, and his Abakkus Asset Manager handles a whopping ₹38,049 crore ($4.29 billion) in AUM.
  • And now Abakkus is opening a new chapter: the launch of its first mutual fund product, the Abakkus Flexi Cap Fund.

Looking back at 2018

Sunil Singhania spent 15 years at Reliance Mutual Fund and dominated every minute of it.

From CIO to Global Head of Equities at Reliance Capital, he was steering entire businesses: Life Insurance, Offshore Funds, PMS, AIFs, Wealth, you name it.

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