Abakkus Large & Mid Cap Fund Launched: Investment Guide

Abakkus Mutual Fund has launched its new Abakkus Large & Mid Cap Fund Regular-Growth, an open-ended equity scheme designed for investors seeking long-term capital appreciation. This fund, which officially opened on August 4, 2026, primarily invests in equity and equity-related instruments of large-cap and mid-cap companies.

The fund benchmarks its performance against the NIFTY Large Midcap 250 Total Return Index, guiding its investment strategy. If you are considering investing, understanding the fund’s structure and associated costs is crucial.

Key Investment Details

• You can start investing with a minimum of Rs 500, applicable for both lumpsum investments and Systematic Investment Plans (SIPs).
• Be aware of an exit load of 1% if you redeem your units within six months of your investment date.
• SEBI guidelines classify this fund under the ‘Very High risk’ category, suggesting an investment horizon of over three years to potentially mitigate downside risk and achieve more predictable returns.

The fund is jointly managed by experienced professionals, Pratish Krishnan and Abhishek Krishnaswami Srinivas. Their expertise will guide the fund’s strategy in the dynamic large-cap and mid-cap segments.

Navigating Tax Implications for Your Returns

Understanding the tax implications is essential for any equity fund. For this scheme, if you redeem your investment within one year, a Short-term Capital Gain (STCG) tax of 15% applies to your gains.

Should you hold your investment for over one year, Long-term Capital Gain (LTCG) tax is applicable. You will pay 10% LTCG tax on gains exceeding Rs 1 lakh in a financial year.

Regarding any dividend income you might receive, it will be taxed according to your individual income slab. Additionally, a 10% Tax Deducted at Source (TDS) is applied to dividend income that surpasses Rs 5,000.

While this fund offers a new avenue for growth, it is important to note that specific financial details such as current NAV, historical returns, fund size, expense ratio, asset allocation, and top stock holdings are not yet available. Always consider the long-term nature and risk profile before investing.