HomeFund UniverseSummit Equity Long-Short Fund

Summit Equity Long-Short Fund

Allotted 23 Jul 20261 mo old
By Invesco · Launched Jul 2026

Holds at least 80% in equity and equity-related instruments, with unhedged short exposure of up to 25% of net assets taken through derivatives — an all-cap approach with a derivative overlay.

Equity Long-Short SEBI-regulated SIF · ₹10L minimum Regular-Growth plan tracked
Minimum investment
₹10 lakh
₹1 lakh for accredited investors
SEBI norm for Specialized Investment Funds
NAV
₹10.43
Official AMFI · Regular · 18 Sep 2026
1M Return
▼ 0.76%
Absolute · Regular
3M Return
Needs three months of official NAVs
6M Return
Fund under six months old
Since inception
▲ 4.30%
Since allotment, vs face value
AUM
₹291 Cr
Value Research · 21 Sep 2026
Expense Ratio
2.10%
AMFI · Regular plan · 11 Sep 2026

Daily NAV performance

Official daily NAVs from our archive of AMFI's SIF NAV feed, plotted for the plan selected. Use the buttons to change the period; the dates covered are shown under the chart. The monthly table gives each calendar month's change.

Monthly returns

Month-on-month change computed from month-end official NAVs in our archive. The first and current months are partial: they run from the earliest, or to the latest, NAV we hold.

Building from the NAV archive…

How the fund actually invests

Summit Equity Long-Short Fund is Invesco Mutual Fund's first SIF strategy under its Summit SIF brand — and, unlike the three hybrid strategies alongside it, an open-ended equity strategy with daily subscription and daily redemption, whose NFO ran 2–16 July 2026 with units allotted on 22 July 2026.

The investment objective, verbatim from the ISID. "To generate long-term capital appreciation by investing primarily in equity and equity-related instruments, combining directional equity investments with tactical short positions to provide risk-adjusted returns over traditional long-only strategies. There is no assurance that the investment objective of the Investment strategy will be achieved." The strategy is categorised as an Equity Long-Short Fund and typed as "An open ended equity investment strategy investing in listed equity and equity related instruments including limited short exposure in equity through derivative instruments". (Source: Invesco Summit SIF ISID dated 15 June 2026.)

This is the only one of the four newest strategies with daily liquidity. The ISID states investors can subscribe on a daily basis at applicable NAV and can redeem on a daily basis at applicable NAV, with no notice period ("Notice Period: Not Applicable"). Redemption proceeds are dispatched within 3 working days of acceptance. The units are not proposed to be listed on any stock exchange, though the AMC/Trustee reserve the right to list them. (Source: Invesco Summit SIF ISID dated 15 June 2026.)

The asset-allocation table gives it the highest equity floor of the four. Under normal circumstances: Equity and equity related instruments 80%-100% of net assets; short exposure through unhedged derivative positions in equity and equity related instruments 0%-25%; units issued by InvITs 0%-20%; debt and money market instruments 0%-20%. Derivatives may be used up to 100% of net assets overall, but for non-hedging and other than portfolio-rebalancing purposes are capped at 25% of net assets. Overseas securities are permitted up to 35% of net assets or the residual regulatory limit, whichever is lower, and the strategy stated an intent to invest USD 15 million in overseas securities within six months of NFO closure. (Source: Invesco Summit SIF ISID dated 15 June 2026.)

A single named fund manager. The ISID's fund manager section names one manager: Mr. Hiten Jain, age 40, B.E. (Electronics & Telecom), Global M.B.A. (Finance), C.F.A. (USA), with more than 15 years of experience in industry and equity research, at Invesco Asset Management (India) Pvt. Ltd. since 23 May 2016 and previously in Global Research & Analytics at CRISIL Ltd., Mumbai. The ISID records "Other Investment Strategy managed by the Fund Manager(s): Nil" and notes no dedicated overseas-securities fund manager has been appointed, the strategy's fund manager being responsible for overseas investments. (Source: Invesco Summit SIF ISID dated 15 June 2026.)

Minimum-investment mechanics reflect the SEBI SIF threshold. The ISID sets minimum purchase at Rs. 10,00,000 in multiples of Re. 1 (Rs. 1,00,000 for Accredited Investors), minimum switch-in at Rs. 1,00,000, minimum additional purchase at Rs. 1,000 and minimum redemption/switch-out at Rs. 1,000. The Rs. 10 lakh PAN-level Minimum Investment Threshold applies across all Summit SIF strategies and excludes the investor's holdings in Invesco Mutual Fund schemes; passive breaches caused by NAV decline are not treated as violations, but an investor in passive breach may then only redeem the entire remaining amount. (Source: Invesco Summit SIF ISID dated 15 June 2026.)

Fund mechanics

Benchmark
BSE 500 TRI, selected as the first-tier benchmark from the AMFI list pursuant to para 7.22 of the SEBI Master Circular dated 20 March 2026
Asset allocation
Equity and equity related instruments 80%-100% of net assets; short exposure through unhedged derivative positions in equity and equity related instruments 0%-25%; units issued by InvITs 0%-20%; debt and money market instruments 0%-20%
Unhedged short cap
0%-25% of net assets via unhedged derivative positions in equity and equity related instruments. The ISID separately caps derivatives "for non-hedging and other than for portfolio rebalancing purposes" at up to 25% of net assets, while hedging use may run to 100% of the equity portfolio
Exit load
0.50% if units are redeemed or switched out on or before 3 months from the date of allotment; Nil after 3 months; Nil on switches between plans under the Investment Strategy. Exit load charged is credited back to the Investment Strategy net of GST
Minimum investment
Purchase (during NFO and on a continuous basis): Rs. 10,00,000 and in multiples of Re. 1 thereafter; Rs. 1,00,000 and in multiples of Re. 1 for Accredited Investors. Switch-in: Rs. 1,00,000. Minimum additional purchase: Rs. 1,000 per application and in multiples of Re. 1 thereafter. Minimum redemption/switch-out: Rs. 1,000
Subscription/redemption
Not an interval structure. Subscription: daily, at applicable NAV. Redemption: daily, at applicable NAV. Notice period: Not Applicable. Redemption proceeds dispatched within 3 working days of acceptance
Plans & options
Plans: Regular and Direct. Options: Growth (no sub-options) and IDCW, with IDCW Reinvestment and IDCW Payout sub-options. Defaults: Growth is the default option and IDCW Reinvestment the default sub-option, applying equally to the Direct Plan. IDCW of Rs. 100 or less under the Payout option is compulsorily reinvested
Date of allotment
22 July 2026, per NSE circular NSE/NMFTM/74962 dated 1 July 2026, which lists 22.07.2026 as the allotment date for all six Summit ISINs. NFO opened 2 July 2026 and closed 16 July 2026; the ISID states the strategy re-opens within 5 business days from the date of allotment. Note: aggregator INDmoney reports 23 July 2026
Risk band
Risk band Level 5 for the investment strategy, and Risk band Level 5 for the benchmark (BSE 500 TRI), as specified by AMFI

Sources: Invesco MF (Summit SIF) — Investment Strategy Information Document, Summit Equity Long-Short Fund, dated 15 June 2026 · Invesco MF — Summit SIF website · NSE — Circular NSE/NMFTM/74962, launch of Summit Equity Long-Short Fund NFO (allotment date, ISINs). Scheme facts are as disclosed by the AMC at the time of writing; fund managers, load structures and allocation bands can change — always read the current SID/KIM before investing.

Documents & source files

Everything on this page traces back to a document Invesco published. Here they are, so you can read the primary source yourself rather than take our word for it.

When new documents appear. AMCs publish the previous month's factsheet and portfolio disclosure in the first week or so of each month — so from around the 8th you can generally expect the prior month-end file. Our desk re-checks every AMC on that cycle and updates the holdings and figures on this page. Links point to the AMC's own site, so you always land on their current file, not a stale copy of ours.

Every Equity Long-Short SIF we track

All Equity Long-Short funds we track, with their latest NAV, trailing returns, size and risk level. This fund is highlighted. Click a column heading to sort the table; the # column then shows each fund's position on that column. It is arithmetic on the period you chose, not a rating or a recommendation. Most SIFs are young, so check each fund's age before comparing. Open any fund's page from its name, or use the compare tool for a side-by-side view.

#NAV
Loading live data…

“—” means the fund is too young for that period or the figure isn't disclosed yet. Default order: 3-month return. NAV and returns follow the plan selected above (Growth option); AUM and risk level from Value Research.

What an Equity Long-Short SIF actually does

Holds at least 80% in equity and equity-related instruments, with unhedged short exposure of up to 25% of net assets taken through derivatives — an all-cap approach with a derivative overlay.

Every Specialized Investment Fund sits between mutual funds and PMS: a ₹10 lakh minimum (aggregated per PAN per AMC), SEBI's Chapter VI-C framework, and mutual-fund-grade taxation — equity-oriented strategies attract 12.5% LTCG after 12 months. Learn the mechanics on our What is a SIF page, or read the August 2026 Coverage Report.

On sourcing. The scheme facts on this page are taken from the AMC's own Scheme Information Document, Investment Strategy Information Document and Key Information Memorandum, with the source linked above. The live NAV comes from AMFI; AUM and risk level from Value Research; the expense ratio from AMFI. Where a detail is not disclosed by the AMC we say so rather than estimate it — we never guess a number.

Questions about this fund?

SIFs carry a ₹10 lakh minimum and real derivative risk. Talk to a Trustner relationship manager — 20 minutes, no fee, no obligation. We are an AMFI-registered distributor (ARN-286886); we do not provide personalised investment advice.

Book a call → Compare with other SIFs Back to all 33 SIFs
Who runs the money

The management team

The people named as designated fund managers in the scheme's official disclosures. Fund managers can change over the life of a scheme — verify against the current KIM before investing.

HJ
Hiten Jain
Fund Manager (sole manager named in the ISID fund-manager table); with Invesco Asset Management (India) Pvt. Ltd. since 23 May 2016; also responsible for overseas securities as no dedicated overseas fund manager was appointed
Trustner relationship manager
Talk to us 1:1 about how Summit Equity Long-Short Fund works, its terms and the paperwork. 20 minutes. No fee.
Book a call →