Sunil Singhania's Abakkus to soon start mutual fund business

Summary: SEBI has cleared reputed Abakkus to launch its mutual fund business, marking Sunil Singhania’s comeback to the industry. The firm, which already manages Rs 37,900 crore via PMS and AIFs, will soon launch actively managed equity schemes. Veteran fund manager Sunil Singhania-fronted Abakkus Asset Manager is set to launch its mutual fund business under the banner Abakkus Mutual Fund. The move marks a new chapter for Singhania, who earlier served as CIO–Equities at Reliance Mutual Fund (now Nippon India Mutual Fund). There, he built a formidable track record managing schemes suc