Apex Equity Long-Short
Equity Long-Short · Aditya Birla SL · Full fund page, with SEBI-format performance
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.
Key terms
| Minimum investment | ₹10 lakh across all strategies of this SIF, at PAN level (accredited investors exempt; the fund house sets their minimum). Mutual fund holdings do not count. |
|---|---|
| Structure | Open-ended |
| Subscriptions | Daily (all business days) |
| Redemptions | Daily (all business days) |
| Notice period | None (ISID: not applicable) |
| Cut-off and payout | 3.00 pm · Within 3 working days of receipt |
| Exit load | 0.50% of applicable NAV if redeemed or switched out on or before 90 days from allotment; nil after 90 days — for investments made on or after 7 Oct 2026 (Addendum 17/2026 dated 5 Oct 2026). Investments before 7 Oct 2026: 1% on or before 365 days; nil after. FIFO basis. |
| Listed on an exchange | Not listed |
| Expense ratio (Regular) | 2.05% baseValue Research · Regular plan |
| Risk band (AMC-declared) | Level 2 of 5, as on 30 October 2026; reviewed monthly |
| Structure | Open-ended equity long-short investment strategy under Apex SIF (Aditya Birla Sun Life Mutual Fund); SEBI category Equity Long-Short Fund; no stock-exchange listing shown in AMFI's summary document |
| Benchmark | Nifty 500 TRI |
| Equity & equity related (incl. unhedged shorts) | 80–100% of total assets (includes overseas securities, equity ETFs and equity-oriented mutual fund units) |
| Debt & money market (incl. debt MF units and debt ETFs) | 0–20% |
| InvIT units | 0–20% |
| Unhedged short cap | Up to 25% of net assets; derivatives exposure up to 100% of net assets; cumulative gross exposure capped at 100% of net assets |
| Overseas | Up to 35% of net assets in foreign securities (US$50 million overseas securities and US$20 million overseas ETFs for six months after NFO close); no shorting in overseas derivatives |
| Plans & options | Regular and Direct; Growth option only (IDCW not currently offered) |
| Allotment / first NAV | Allotted 31 Aug 2026; re-opened and first NAV 1 Sep 2026 |
| Strategy code | APEX/O/E/ELSF/26/06/0003/ABSL |
| Fund managers | Manish Gupta, Harshil Suvarnkar |
Redemption terms from our liquidity record, checked 3 November 2026; sources: AMFI portal — Investment Strategy Information Document (S-31); AMFI portal — Investment Strategy Summary Document (SSD_S-31); undated, date is PDF metadata; Aditya Birla Sun Life AMC (Apex SIF) — Notice-cum-Addendum No. 17/2026, change in exit load of Apex Equity Long-Short and Apex Equity Ex-Top 100 Long-Short, effective 7 Oct 2026 (prospective); Apex SIF — Downloads & Resources, Addenda tab (20 entries, Mar–Oct 2026; checked 3 Nov 2026). Other rows as stated on the fund page, which cites the fund house’s documents. Fund houses change terms by notice-cum-addendum; the latest offer documents govern.
Read before investing
- Aditya Birla Sun Life (Apex SIF) — Investment Strategy Information Document (ISID)
- Aditya Birla Sun Life (Apex SIF) — Key Information Memorandum (KIM)
- How a Equity Long-Short strategy works, from SEBI’s rules
What your distributor should explain
SEBI asks a distributor to explain, in clear language, before an investment (SEBI FAQs for distributors, C10):
- the relatively higher-risk nature of the product;
- the ₹10 lakh PAN-level threshold and what happens on an active or a passive breach;
- the strategy’s objective, asset allocation, derivatives exposure, risk band and scenario analysis;
- the subscription and redemption frequency, notice period, liquidity-management tools, fees, expenses and exit load, if any.
Investments in Specialized Investment Fund involves relatively higher risk including potential loss of capital, liquidity risk and market volatility. Please read all investment strategy related documents carefully before making the investment decision.
This note gives facts from public documents; it is not a recommendation and does not say whether the strategy suits you. It shows no performance: see the fund page for figures in SEBI’s format. Trustner Asset Services Pvt. Ltd. (CIN U66301AS2023PTC025505) is an AMFI-registered Mutual Fund & SIF Distributor, ARN-286886, offers the Regular plan and receives commission from the fund house. merasif.com