Aman Chowhan
Senior Fund Manager and Principal Officer of the Abakkus portfolio management business, and the sole named manager of its three published PMS approaches. He has been at the firm since it opened in 2018 and every approach he runs launched after him — so unlike most managers on this site, the published record is genuinely his.
Is Aman worth your time?
The named manager of Abakkus's entire published portfolio management book, and — unusually for this site — a manager whose record is actually his own. He joined Abakkus at its founding in 2018; his three approaches launched in August 2020, October 2020 and January 2024, all after him. There is no predecessor to net out. What a reader should weigh instead is concentration of a different kind. APMI's register names him, alone, as fund manager on all fourteen investment approaches of the current registrant — roughly ₹21,500 crore — against his own work email; the firm's own client table shows 11,727 discretionary clients and ₹18,583 crore at 31 March 2026, and no deputy is named anywhere. And the firm's own register entries disagree with each other: under the older SEBI registration APMI still names founder Sunil Singhania as fund manager of the All Cap and Emerging Opportunities approaches, while under the current one it names Chowhan. Both are Abakkus's filings.
Investors who want the Abakkus process and want to buy it from the person who actually ran it. This is one of the few profiles on this site where the tenure question does not arise: he predates all three approaches, so the published records are his rather than a predecessor's. The terms are unusually transparent for the segment — the same published fee, hurdle and exit schedule on all three approaches, with no lock-in — and the compliance record is clean, with zero investor complaints outstanding on either registration at 31 July 2026 and “None” against every penalty, litigation and adjudication head in both disclosure documents.
- APMI's register carries two live entries for each approach, and they disagree. Under the older registration (Abakkus Asset Manager, INP000006457) the fund manager of the All Cap and Emerging Opportunities approaches is named as Sunil Singhania; under the current one (Abakkus Investment Managers, INP000009959) it is named as Aman Chowhan. Same inception dates, same benchmark, same objective text. Both are the firm's filings.
- He is the sole named manager of all fourteen investment approaches on the current registration, roughly ₹21,500 crore, and the firm's own client table shows 11,727 discretionary clients and ₹18,583 crore at 31 March 2026. No deputy, co-manager or investment committee is named anywhere in Abakkus's material. This is a concentrated key-man exposure.
- He is simultaneously fund manager and Principal Officer on both registrations, so the person running the portfolios is the person accountable to SEBI for them. Abakkus names separate principal officers for its adviser and research-analyst registrations, but not for portfolio management.
- Abakkus's disclosure document for the older entity, dated 9 February 2026, records four sets of SEBI observations under “deficiency in the systems and operations” — two regular inspections answered by administrative letters in April 2024 and March 2025, observations on minimum portfolio value requirements answered on 9 April 2025, and offsite-inspection observations of 25 July 2025 on gaps in monthly reporting of active client details, answered on 22 August 2025. All four attach to the portfolio management business he is Principal Officer of. None is a penalty and none names him.
- Over one year to 31 July 2026 the Emerging Opportunities Approach returned 1.89% against 2.98% for the BSE 500 TRI — it trailed its own benchmark. Over five years the All Cap Approach's lead over the same benchmark is 31 basis points, 12.66% against 12.35%. The wide since-inception gaps rest on periods beginning in the second half of 2020.
- Abakkus publishes no biography for him on its current website — name and title only. Every biographical claim on this page comes from the firm's archived pages of 2019 and 2023 or from its investment-profile decks, and is dated as such.
- Abakkus's own site has given two different years for his arrival at Reliance: 2005 on the 2019 version, 2004 on the 2023 one. Neither is corroborated outside the firm.
- The Emerging Opportunities Approach is 56% small cap and 23% mid cap. That segment moves in long cycles and scale constrains what a book of this size can own — treat it as a satellite holding, not a core one.
- Several third-party platforms describe an Abakkus Emerging Opportunities Fund as a Category III AIF. That is a separate vehicle from the PMS approach of a similar name, and Abakkus's own regulatory filing names Hitesh Arora — not Chowhan — on it.
About Aman Chowhan
Aman Chowhan is Senior Fund Manager at Abakkus, the Mumbai investment house founded by Sunil Singhania, and the Principal Officer of its portfolio management business. He is the named fund manager of all three of the firm's published PMS approaches: the Abakkus All Cap Approach, the Abakkus Emerging Opportunities Approach and the Abakkus Diversified Alpha Approach.
Abakkus publishes no biography for him on its current website — its team page carries his name and title only, and the only bio it publishes is the founder's. Everything that follows therefore comes from the firm's archived team pages and its investment-profile decks, and is attributed as such.
The firm's team page as it stood on 30 January 2023 said: “Aman is with Abakkus since its inception and leads the investment team. He has 20+ years of Indian equity experience of which for 13 years he has worked with Sunil Singhania at Reliance AMC under various roles. Previously he was Portfolio manager for all local and offshore schemes for PMS division of Reliance Mutual Fund (now called Nippon India Mutual Fund). During 2006-2013 he was based at Singapore office of Reliance which helped him gain regional and global perspective for investing in India. He has strong track record across – long only, absolute and long-short strategies across market cycles. Before joining Reliance in 2004 he was part of the research team at TAIB Securities, Tata TD Waterhouse and other brokerage firms.”
Read that carefully, because it is routinely misread. The 2006–2013 dates are the Singapore posting, not the end of the Reliance employment. Joining in 2004 and thirteen years alongside Singhania runs to 2017 or 2018 — straight into Abakkus. There is no gap in this record, and an earlier version of this page was wrong to say there was.
Abakkus's July 2026 investment-profile decks record his qualifications as “BCOM, MBA”, twenty-five years of total work experience, and past organisations of Nippon Life AMC, TAIB Securities and Tata TD Waterhouse. The 2023 archive adds that he “holds an MBA degree in Finance from Mumbai University”. No professional charter is claimed anywhere by the firm.
Career
- 2018 – present
Senior Fund Manager and Principal Officer, Abakkus
With the firm “since its inception”, in its own words; it does not publish a month, and “May 2018” — which an earlier version of this page carried — is supported by no Abakkus source. His title on the firm's 2019 site was Fund Manager and is Senior Fund Manager now. He is the named manager of the All Cap Approach (launched 29 October 2020), the Emerging Opportunities Approach (26 August 2020) and the Diversified Alpha Approach (16 January 2024) — all three after he arrived.
- 2004/2005 – c. 2017/18
Portfolio Manager, PMS division — Reliance Asset Management (now Nippon India)
“Portfolio manager for all local and offshore schemes for PMS division of Reliance Mutual Fund”, per the firm. Thirteen of those years were spent working with Sunil Singhania, then Reliance's CIO for equities, “under various roles”. Abakkus itself gives two different joining years — 2005 on its 2019 site and 2004 on its 2023 one — and this page does not pick between them.
- 2006 – 2013
Based at Reliance's Singapore office
A posting inside the Reliance years, not a separate employer and not the end of them. The firm says it “helped him gain regional and global perspective for investing in India”, and credits him with a track record across long-only, absolute-return and long-short strategies.
- Before Reliance
Research, TAIB Securities and Tata TD Waterhouse
Both firms appear in Abakkus's archived bios and in the past-organisation line of its current decks. No dates are published for either. A “Business Standard” role carried by an earlier version of this page appears in no Abakkus document at all and has been removed.
Six principles
The MEETS framework
Management, Earnings, Events and Trends, Timing, Structural. Abakkus's proprietary screen, invoked by name in the published objective of every one of his three approaches.
15:15:15, on the emerging-opportunities book
“Invest predominantly in companies meeting at least two of three criteria — 15%+ ROE, 15%+ earnings growth and P/E below 15x.” The firm writes it with colons and calls the result “Quality at a Reasonable Value”.
Timing is part of the thesis
“Good company is not necessarily a good investment if price is not right.” The firm treats what the price is discounting, and mean reversion, as explicit tests rather than afterthoughts.
Second and third players, not leaders
The Emerging Opportunities Approach “prefers attractive 2nd or 3rd players where market leaders command excessive valuation premiums”, and pursues them “at significant discount to the leader”.
A fixed cap frame on Diversified Alpha
That approach uses “a unique 40:30:20:10 approach to portfolio construction to capture opportunities across market capitalization”, with smaller companies carrying incrementally smaller weights for liquidity.
A published list of what they avoid
Chase momentum, churn, copy and mimic, credit risk. Four things Abakkus states it does not do, on the same slide in all three decks.
The call that shows the method working
The record is his. The firm's own register disagrees about that.
Start with the part that is unusually clean. He has been at Abakkus since the firm opened in 2018, and every approach he manages launched after that: Emerging Opportunities on 26 August 2020, All Cap on 29 October 2020, Diversified Alpha on 16 January 2024. There is no predecessor's record folded into the since-inception numbers and no tenure arithmetic to net out. On most pages on this site that is the hard part. Here it is settled.
The attribution is stated in four independent places. Each factsheet for 31 July 2026 gives “Fund Manager: Mr. Aman Chowhan”. Each investment-profile deck gives “Investment Team: Mr. Aman Chowhan (Principal Officer)”. Each product page lists him, alone, under Key People. And APMI's register names him as fund manager, against his own work email rather than a compliance mailbox.
Now the uncomfortable part, and it is the firm's own doing. Abakkus moved its portfolio management business from one SEBI registration to another, and APMI now carries two live records for each approach. The older record for the All Cap Approach, filed under Abakkus Asset Manager Private Limited, names the fund manager as Sunil Singhania. So does the older record for Emerging Opportunities. The newer records for the same two approaches, filed under Abakkus Investment Managers Private Limited, name Aman Chowhan. Same inception dates, same benchmark, same objective text, same minimum — different named manager. Notably, the older record for Diversified Alpha already named Chowhan, so the change is confined to the two flagships. This site follows the current registrant, which is where the firm's factsheets, decks and disclosure document all point, but a reader is entitled to know that the firm's own filings do not agree.
And the scope is larger than three approaches. Under the current registration APMI names him as fund manager of all fourteen Abakkus investment approaches, together roughly ₹21,500 crore — including a Shariah variant, an ESG variant, an FPI variant, a Select Edge approach and two personalised strategies that Abakkus does not publish product pages for. This page credits the three the firm publishes and documents. The other eleven are real, and no second name appears on any of them.
- 2004 or 2005Joins Reliance's asset management business. Abakkus's own site has said both years — 2005 in 2019, 2004 in 2023.
- 2006 – 2013Posted to Reliance's Singapore office. This is a posting inside the Reliance years, not the end of them.
- 14 Mar 2018Abakkus Asset Manager LLP is incorporated. He is with the firm “since its inception”.
- 14 Mar 2019SEBI grants portfolio-manager registration INP000006457 to Abakkus Asset Manager.
- 26 Aug 2020Abakkus Emerging Opportunities Approach launches — after he joined.
- 29 Oct 2020Abakkus All Cap Approach launches — after he joined.
- 30 Jan 2023The firm's team page, captured this date, carries his full biography and a second Senior Fund Manager, Deven Sangoi, who is no longer on the team.
- 16 Jan 2024Abakkus Diversified Alpha Approach launches. He is named on it from the start.
- 24 Apr 2025Abakkus Investment Managers Private Limited is incorporated.
- 9 Feb 2026He signs Abakkus Asset Manager's SEBI disclosure document as Principal Officer.
- 24 Apr 2026SEBI registration INP000009959 takes effect for Abakkus Investment Managers, and the portfolio management business moves across.
- 1 Jul 2026He signs the new entity's disclosure document as Principal Officer. Its chartered accountants certify that “the Principal Officer and investment team members remain same”.
- 31 Jul 2026All Cap ₹7,769 crore, Emerging Opportunities ₹5,997 crore, Diversified Alpha ₹1,308 crore, per the firm's factsheets.
How the strategies have performed
Trailing returns, net of fees, annualised beyond one year. Shown only when sourced and dated; missing figures are unavailable, never zero.
| Strategy | 1Y | 3Y | 5Y | Since inception |
|---|---|---|---|---|
| Abakkus - All Cap Approach | +5.29% | +15.32% | +14.51% | +22.95% |
| Abakkus - Emerging Opportunities | -1.69% | +17.34% | +16.32% | +26.43% |
| Abakkus Diversified Alpha Approach | +8.81% | — | — | +11.21% |
Your return will not be the headline number. This is the spread of Aman's 2 tracked strategies' 3-year CAGR. Which strategy you hold, and when you invested, both move your outcome. Strategy-level dispersion, not a record of individual client accounts.
Figures are historical, unaudited and third-party reported, as of 2026-06-30. Past performance is not indicative of future returns.
What to press Aman on
Bring these to the call.
Ask why APMI shows two different fund managers.
The register entry under the firm's older SEBI registration names Sunil Singhania as fund manager of the All Cap and Emerging Opportunities approaches; the entry under the current one names Aman Chowhan. Ask Abakkus which is right, when it changed, and who was actually making the decisions between 2020 and 2026.
One name, fourteen approaches, no deputy.
APMI names him as fund manager of every approach the current registrant runs, and the firm's own table shows 11,727 discretionary clients. Ask who has deputy authority, who signs off trades in his absence, what the succession plan is, and what notice investors would receive.
Ask for the numbers against the benchmark, period by period.
Emerging Opportunities trailed the BSE 500 TRI over one year to 31 July 2026, and the All Cap Approach's five-year lead is 31 basis points. The since-inception figures are much wider and both start in the second half of 2020. Ask for every period, not the headline.
Ask about the SEBI observations on minimum portfolio value.
The firm's own February 2026 disclosure document records four sets of SEBI observations on systems and operations, one of them on minimum portfolio value requirements. He is the Principal Officer of that business. Ask what the finding was, what was remediated, and whether anything remains open.
Am I being shown the approach or the fund?
Abakkus runs PMS approaches and Category III alternative funds with nearly identical names, managed by different people. The approaches on this page are his; the funds are Hitesh Arora's. Get the vehicle in writing before you look at any performance.
Is the small-cap book still small enough to work?
The Emerging Opportunities Approach holds ₹5,997 crore and is 56% small cap. Ask whether it has a stated capacity limit, whether it has ever been soft-closed, and what impact costs look like building or exiting the smaller names.
What are the other eleven approaches?
APMI lists fourteen approaches under his name, including Shariah, ESG and FPI variants and two personalised strategies with no product pages. Ask what they are, who services them, and how much of his time they take.
How they compare
Comparable managers on the platform, by asset class and category · live fund figures.
| Manager | 1Y | 3Y | AUM | Nyra |
|---|---|---|---|---|
| Abhishek Bhardwaj Green Lantern - Growth Fund · PMS | +9.1% | +31.1% | ₹0 Cr | 8.5 |
| Rajeev Bajaj Systamatix - Dynamic Investment · PMS | +18.2% | +23.6% | ₹158.52 Cr | 8.4 |
| Madanagopal Ramu Sundaram Alternate - VOYAGER · PMS | +28% | +23.1% | ₹0 Cr | 8.3 |
| Kaushal Kedia Wallfort-Avenue Fund · PMS | +31.4% | +26.6% | ₹160.31 Cr | 8.3 |
Aman Chowhan · FAQ
What does Aman Chowhan manage?
Is the performance actually his?
Does he run the Abakkus alternative funds too?
Wasn't there a gap in his career between 2013 and 2018?
What are his qualifications?
What does it cost?
Does Abakkus have any regulatory or complaint history?
Considering Aman's strategy?
We'll pull the current Disclosure Document, the actual fee schedule, and a portfolio-overlap check against what you already own.
PMS Sahi Hai is a distributor (APMI Reg. APRN08358), not a SEBI-registered Investment Adviser. APMI registration does not constitute an endorsement. We are paid by the product manufacturer; this does not change the price you pay. PMS & AIF investments are subject to market risks; past performance is not indicative of future returns. This is not investment advice. PMS Sahi Hai is an independent marketplace and is not affiliated with Aman Chowhan.