Summit Equity Long-Short Fund
Equity Long-Short · Invesco · 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, at applicable NAV |
| Redemptions | Daily, at applicable NAV |
| Notice period | None (ISID: not applicable) |
| Cut-off and payout | 3.00 pm · Within 3 working days of acceptance of the redemption request |
| Exit load | 0.50% if redeemed or switched out on or before 3 months from allotment; nil after 3 months; nil on switches between plans |
| Listed on an exchange | Not listed |
| Expense ratio (Regular) | 2.10% base · 3.31% totalTotal adds brokerage, transaction costs and levies · AMFI · Regular plan · 3 Nov 2026 |
| Risk band (AMC-declared) | Level 5 of 5, as on 30 October 2026; reviewed monthly |
| 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 |
| 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 |
| Fund managers | Hiten Jain |
Redemption terms from our liquidity record, checked 3 November 2026; sources: AMFI portal — Investment Strategy Information Document (S-30); Invesco MF — Summit SIF Addendums and Notices pages (addenda 7–19, notices 1–18; checked 3 Nov 2026; no liquidity changes); Invesco MF — Summit SIF factsheet, September 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
- Invesco MF (Summit SIF) — Investment Strategy Information Document, Summit Equity Long-Short Fund, dated 15 June 2026
- Invesco MF (Summit 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