New fund offer: Abakkus Flexi Cap Fund opens for subscription; check dates and key details 

Abakkus Mutual Fund’s first equity scheme, Abakkus Flexi Cap Fund, has opened for subscription. The new fund offer (NFO) period for the scheme opened on December 8 and will close for subscription on December 22. 

A flexi cap fund is a type of open-ended equity mutual fund scheme that invests in large-cap, mid-cap and small-cap companies with flexibility, which means it invests across all market caps without any fixed allocation. As per the regulations, a flexi cap fund must invest at least 65% of its assets in equity and equity-related instruments. 

It’s basically a dynamic equity scheme that gives fund managers the freedom to invest in companies without any restrictions across market capitalisation. The fund manager invests depending on the market conditions and reallocates the portfolio accordingly to manage risk and offer higher returns. 

Abakkus Flexi Cap Fund: Key points

• Name of the fund: Abakkus Flexi Cap Fund
• Category: Equity - Flexi Cap
• Type: Open-ended dynamic equity scheme investing across large, mid and small caps

The Abakkus Flexi Cap Fund aims to generate capital appreciation and long-term growth through equity and equity-related instruments across market caps. However, the achievement of the objective isn’t guaranteed.

• NFO opens: December 8, 2025
• NFO closes: December 22, 2025
• Re-opens for continuous subscription: December 30, 2025
• NFO price: ₹10 per unit

The benchmark for the Abakkus Flexi Cap Fund is BSE 500 TRI, as it represents the top 500 companies and a substantial portion of the free float market capitalisation of stocks listed on BSE.

• Minimum application amount (lump sum): ₹500 and in multiples of ₹1 thereafter
• Minimum application amount (SIP): ₹500 (minimum 5 instalments)
• Additional purchase: ₹100
• Minimum redemption: ₹100 or 1 unit or account balance, whichever is lower 
• Switch out: ₹500 and in multiples of ₹1 thereafter 

• Plans: Regular and direct
• Options: Growth and IDCW (Payout or reinvestment)

The default plan would be growth. If Income Distribution cum Capital Withdrawal (IDCW) is chosen, reinvestment would be the default option. 

The exit load on the scheme is:

• 0% if up to 10% of units are redeemed within 3 months from the date of allotment
• 1% if over 10% of units are redeemed within 3 months from the date of allotment
• 0% after 3 months of allotment
• No exit load is applicable on IDCW reinvestment 

• Equity derivatives (for non-hedging purposes): up to 50% of equity assets
• Securities lending: up to 20% of net assets
• Overseas investments: up to 35% of assets
• Securitised debt: up to 40% of the debt portion
• REITs/InvITs: up to 10% of NAV, up to 5% per issuer

The Abakkus Flexi Cap Fund follows a mix of top-down and bottom-up investing, which means that the fund manager will study both the broader economy and individual companies before selecting the stocks for the fund. 

The scheme is actively managed and invests across large-cap, mid-cap and small-cap companies to offer long-term growth opportunities. 

The fund manager of the scheme is:

Sanjay Doshi: CFA, MBA, CA, B.Com; over 20 years of experience in equity fund management 

This is the first scheme of the Abakkus Mutual Fund, so there is no historical performance track record. Investors must read the details and terms of the scheme carefully before investing in this fund.