Sunil Singhania: The Ace Investor Shaping India’s Financial Landscape

Sunil Singhania, the founder of Abakkus Asset Management, LLP, has become a household name in India’s investment circles. His journey from a chartered accountant to one of the most respected figures in the Indian financial markets is nothing short of inspirational.

Early Life and Education

Born into a middle-class family, Sunil Singhania’s early life was marked by academic excellence. He graduated in commerce from Bombay University and went on to become an all-India rank holder in Chartered Accountancy from ICAI, Delhi. His thirst for knowledge didn’t stop there; he later earned the prestigious Chartered Financial Analyst (CFA) designation from the CFA Institute, USA.

Singhania’s career trajectory took a significant turn when he joined Reliance Capital. As the Global Head of Equities and Chief Investment Officer (CIO) – Equities at Reliance Mutual Fund, now Nippon India Mutual Fund, he oversaw equity assets worth USD 11 billion. Under his leadership, the Reliance Growth Fund grew an astounding 100 times in less than 22 years.

Founding Abakkus Asset Management

In 2018, Singhania took a bold step by founding Abakkus Asset Management, LLP. Within just five years, Abakkus has grown to manage assets worth almost Rs 21,000 crores. The firm’s Emerging Markets and Growth Fund have been rated as the top two AIFs in terms of performance over a 3-year timeframe.

Investment Philosophy

Singhania’s investment strategy focuses on identifying quality companies with strong fundamentals and holding them for extended periods. He believes in a well-diversified portfolio, investing in both large and small firms with enormous potential.

Some of Singhania’s notable investments include Sarda Energy & Minerals Ltd, Route Mobile Ltd, and Shriram Pistons & Rings Ltd. His recent acquisition of 8.5 million shares in Himatsingka Seide, a smallcap textile company, has caught the market’s attention.

Achievements and Recognition

Singhania’s expertise has earned him numerous accolades. He was rated among the Best Fund Managers by Outlook Business in 2016 and 2017. He became the first Indian to be appointed to the Global Board of CFA Institute, USA, serving from 2013 to 2019.

Philanthropy and Social Contributions

Beyond his professional achievements, Singhania is active in social and community work. He has served as the President of Goregaon Sports Club, Mumbai. His contributions to the financial community include founding the Indian Association of Investment Professionals (now CFA Society India) and serving as its President for eight years.

Conclusion

Sunil Singhania’s journey from a chartered accountant to a renowned investment guru is a testament to his sharp market insights and ability to spot growth prospects. His contributions to India’s financial landscape continue to inspire aspiring investors and shape the country’s economic future.