Apex Hybrid Long-Short
Hybrid Long-Short · Aditya Birla SL · Full fund page, with SEBI-format performance
Invests across equity and debt within SEBI-defined bands, using derivatives both to hedge and to take short positions. Unhedged short exposure is capped at 25% of net assets. The most common SIF flavour, usually positioned as a balanced-advantage alternative.
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 | Interval |
| Subscriptions | Daily (all business days) |
| Redemptions | Twice a week — Monday and Wednesday (immediate next business day if a non-business day); no redemptions or switches outside these days |
| Notice period | None (ISID: not applicable) |
| Cut-off and payout | 3.00 pm — requests after Wednesday 3.00 pm up to Monday 3.00 pm get Monday's NAV; after Monday 3.00 pm up to Wednesday 3.00 pm get Wednesday's NAV · 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. No exit load on Regular-to-Direct switches. |
| Listed on an exchange | NSE |
| Expense ratio (Regular) | 1.41% baseValue Research · Regular plan |
| Risk band (AMC-declared) | Level 1 of 5, as on 30 October 2026; reviewed monthly |
| Benchmark | NIFTY 50 Hybrid Composite Debt 50:50 Index (Tier 1; no Tier 2 benchmark) |
| Asset allocation | Equity & Equity related instruments 35%-65% of total assets; Debt and Money Market Instruments 35%-65%; Units issued by InvITs 0%-20%. Derivatives exposure up to 100% of net assets |
| Unhedged short cap | Unhedged short position up to 25% of net assets, for both equity and debt instruments (ISID: "Maximum short exposure through unhedged derivative positions in equity and debt instruments: 25%", citing Regulation 49AA of SEBI (Mutual Funds) Regulations, 1996) |
| Plans & options | Regular Plan and Direct Plan, with a common portfolio and separate NAVs. Options under each plan: Growth Option and Income Distribution cum capital withdrawal (IDCW) Option (Payout of IDCW and Reinvestment of IDCW). Default option: Growth Option |
| Date of allotment | 25 March 2026. NFO opened Friday 6 March 2026 and closed Wednesday 18 March 2026; the strategy re-opened on 30 March 2026 |
| Fund managers | Lovelish Solanki, Mohit Sharma, Rohit Karan |
Redemption terms from our liquidity record, checked 3 November 2026; sources: AMFI portal — Investment Strategy Information Document (S-13); AMFI portal — Investment Strategy Summary Document (SSD_S-13); undated, date is PDF metadata; Apex SIF — Downloads & Resources, Addenda tab (20 entries, Mar–Oct 2026; checked 3 Nov 2026); Apex SIF — SIF factsheet, October 2026 edition. 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), dated 27 February 2026
- Aditya Birla Sun Life (Apex SIF) - Key Information Memorandum (KIM)
- How a Hybrid 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