IIFL Capital Services Limited

Abakkus Mutual Fund decreased its stake in IIFL Capital Services Limited from 2.49% to 1.24%, selling 3,855,205 shares. The value of the sold shares is ₹129.83 crore at ₹336.95 apiece.

A diversified financial services firm providing stockbroking, investment banking, and wealth management solutions to retail and institutional clients across India. Established in 1996 as the broking arm of IIFL Group, the company offers equities trading, commodity and currency broking, financial products distribution, financial planning and advisory services. Its integrated business model spans multiple asset classes and customer segments, serving investors through digital platforms and traditional advisory channels nationwide.

AMC arm of Abakkus Asset Manager, founded by Sunil Singhania, former CIO of Reliance Mutual Fund who oversaw the equity book when it was India's largest. Launched its maiden Flexi Cap Fund in December 2025, raising Rs 2,468 crore in the NFO alone, and crossed Rs 5,000 crore within months. The MF licence brings Sunil Singhania's quality small and midcap compounding philosophy to all retail investors.