Eminence Hybrid Long-Short Fund

Eminence Hybrid Long-Short Fund is a Specialized Investment Fund (SIF) from AlphaGrep Mutual Fund. The primary objective of the investment strategy is to generate capital appreciation through equity and equity related instruments and income through arbitrage, derivatives strategies, special situations and fixed income investments. There is no assurance that the investment objective of the Investment strategy will be achieved. Its benchmark is NIFTY 50 Hybrid Composite Debt 50:50 Index.

The minimum investment is Minimum (including switch-in) of Rs. 10,00,000/- and in multiples of Re. 1/- thereafter. For accredited investors: Minimum investment of Rs. 1,00,000 and in multiples of Re. 1/- thereafter. SIP: Rs. 1,000 and in multiples of Re. 1/- thereafter. STP: Rs. 1,000 and in multiples of Re. 1/- thereafter. SWP: Rs. 1,000 and in multiples of Re. 1/- thereafter. SIP is subject to minimum investment of Rs 10,00,000 across SIF investment strategies of Eminence SIF. Minimum additional purchase: Rs. 1,000 and any amount thereafter..

Subscriptions: Investors can subscribe to the Investment Strategy on a daily basis at the applicable NAV. Redemptions: Every Monday and Every Wednesday of the week. Next business day in case Monday and Wednesday is a non-business day.

Exit load: If the units are redeemed/ switched out on or before 30 days from the date of allotment – 0.50% of the applicable NAV. If the units are redeemed/switched out after 30 days from the date of allotment – Nil. Confirm the latest terms in the scheme's SID.

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.

The scheme is classified as Level 2 on the risk-o-meter shown on this page. SIFs are subject to market risk, and past performance is not indicative of future returns.

Tax depends on how much of the portfolio is held in equity and on the holding period, so it differs from an equity-oriented fund. Check the scheme's SID for its tax treatment and speak to a tax adviser before investing.