Apex Equity Long-Short Fund
Frequently asked questions
What is Apex Equity Long-Short Fund?
Apex Equity Long-Short Fund is a Specialized Investment Fund (SIF) from Aditya Birla Sun Life Mutual Fund. To generate long-term capital appreciation via a diversified portfolio of equity and equity-related instruments, with limited short exposure through derivatives. Its benchmark is NIFTY 500 TRI..
What is the minimum investment in Apex Equity Long-Short Fund?
The minimum investment is ₹10,00,000 (₹1,00,000 for accredited/continuous investors), multiples of ₹1; SIP/STP/SWP ₹10,000, min. 6 monthly instalments; existing investors ₹10,000.
How often can I buy and redeem units?
Subscriptions: Daily (business days). Redemptions: Daily (business days); 15% p.a. penal interest on delayed redemption payouts.
What is the exit load?
Exit load: 1% (≤365 days), Nil after (plan switches exempt). Confirm the latest terms in the scheme's SID.
How is a SIF different from a mutual fund?
A SIF can take limited short positions through derivatives, which a regular mutual fund scheme generally cannot, and it has a higher minimum investment. That flexibility adds derivative, liquidity and manager-execution risk, so read the SID before investing.
How risky is Apex Equity Long-Short Fund?
The scheme is classified as Level 5 on the risk-o-meter shown on this page. SIFs are subject to market risk, and past performance is not indicative of future returns.
How is Apex Equity Long-Short Fund taxed?
Tax depends on whether the scheme qualifies as equity-oriented, meaning at least 65% in domestic equity; confirm this in the SID. Under current Indian tax rules, gains on equity-oriented units held for more than 12 months are taxed at 12.5% on gains above ₹1.25 lakh in a financial year, and gains on units sold within 12 months are taxed at 20%. Tax rules can change, so check with a tax adviser.