Apex Hybrid Long-Short

An interval hybrid long-short strategy, not a daily-liquidity fund. The ISID describes it as "An interval investment strategy investing in equity and debt securities, including limited short exposure in equity and debt through derivatives", with the stated objective of "An interval investment strategy investing in arbitrage, long equity, debt, equity and debt derivatives, long short and REITs/InVITs including limited short exposure on permitted instruments through derivatives." The ISID adds that "There is no assurance that the investment objective of the Investment strategy will be achieved." Investment strategy code: APEX/I/H/HLSF/26/02/0001/ABSL. Source: https://apexsif.adityabirlacapital.com/uploads/ISID_Apex_Hybrid_Long_Short_Fund_aaedb51814.pdf

The equity and debt sleeves are each capped in a 35-65% band. Per the ISID asset-allocation table, Equity & Equity related instruments (including equity ETFs and units of equity oriented mutual fund schemes) are 35% minimum to 65% maximum of total assets; Debt and Money Market Instruments (including units of debt oriented mutual fund schemes and Debt ETFs) are likewise 35% to 65%; and Units issued by InvITs are 0% to 20%. The ISID footnote states: "Derivatives exposure will be upto 100% & Unhedged short position will be upto 25% of net assets for both equity and debt instruments." Source: https://apexsif.adityabirlacapital.com/uploads/ISID_Apex_Hybrid_Long_Short_Fund_aaedb51814.pdf

Redemption is restricted to Mondays and Wednesdays, and the units are listed on NSE. The ISID states the strategy "will offer purchase/switch-in of units on every Business Day on an ongoing basis and Redemption / Switch Out of Units during two times in a week i.e. every Monday and Wednesday of the week at NAV based prices". It further specifies that "Redemption requests received after Wednesday 3.00 PM till Monday 3.00PM would be considered for processing with Monday NAV, and requests received after Monday 3.00 PM till Wednesday 3.00 PM would be processed with Wednesday NAV." Units are listed on the National Stock Exchange of India Limited (NSE), and unitholders who wish to exit outside the redemption cycle "may do so through Stock Exchange at prevailing listed price". Sources: https://apexsif.adityabirlacapital.com/uploads/ISID_Apex_Hybrid_Long_Short_Fund_aaedb51814.pdf ; https://portal.amfiindia.com/spages/SSD_S-13.pdf

The entry ticket is Rs 10 lakh, and the risk band has been assessed at the low end of the SIF scale. Minimum application during the NFO and on a continuous basis is "Rs. 10 lakh and in multiples of Re. 1 thereafter subject to the minimum investment threshold guidelines as per the SIF framework", with Rs 1,00,000 for accredited investors; minimum additional purchase and minimum redemption are each Rs 10,000. The AMFI Investment Strategy Summary Document records the risk band as "Risk Level 2" at the time of launch and "Risk Level 1" as on date — the lowest bands on the 1-5 SIF risk scale. Sources: https://apexsif.adityabirlacapital.com/uploads/ISID_Apex_Hybrid_Long_Short_Fund_aaedb51814.pdf ; https://portal.amfiindia.com/spages/SSD_S-13.pdf

Allotment was on 25 March 2026 after a two-week NFO. The AMFI Investment Strategy Summary Document records NFO Open Date 06-Mar-26, NFO Close date 18-Mar-26, Allotment Date 25-Mar-26 and Reopen Date 30-Mar-26. The same document lists actual expense ratios of 1.45% (Regular) and 0.43% (Direct), Citibank NA as custodian and Computer Age Management Services Limited as registrar. Sources: https://portal.amfiindia.com/spages/SSD_S-13.pdf ; https://nsearchives.nseindia.com/trading_security/mf/pdf/Aditya_25032026155946_InvestmentStrategySummaryDocumentApexHybridLongShortFund.pdf