iSIF Equity Ex-Top 100 Long-Short Fund
Frequently asked questions
What is iSIF Equity Ex-Top 100 Long-Short Fund?
iSIF Equity Ex-Top 100 Long-Short Fund is a Specialized Investment Fund (SIF) from ICICI Prudential Mutual Fund. To generate capital appreciation by investing in Ex–Top 100 companies, with derivatives usage up to 25%. Its benchmark is Nifty 500 TRI.
What is the minimum investment in iSIF Equity Ex-Top 100 Long-Short Fund?
The minimum investment is ₹10,00,000, multiples of ₹1 thereafter.
How often can I buy and redeem units?
Subscriptions: Daily (business days). Redemptions: Daily.
What is the exit load?
Exit load: 1% (≤12 months), Nil after. 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 iSIF Equity Ex-Top 100 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 iSIF Equity Ex-Top 100 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.
Related Content
qsif Equity Ex-Top 100 Long-Short Fund
To generate long-term capital appreciation by investing in equities outside the top 100 by market cap, with limited short derivatives exposure to enhance returns and manage risk.
iSIF Hybrid Long-Short Fund
The Investment Strategy intends to predominantly invest in equity and equity related securities with an aim to achieve capital appreciation over long term, and also invest in Debt instruments to generate regular income. The Investment Strategy can also adopt equity and debt derivative strategies. The Investment Strategy can also invest in units of InVITs. There is no assurance that the investment objective of the Investment strategy will be achieved.
Select Equity Ex-Top 100 Long-Short Fund by Select SIF (Sundaram Mutual): NFO Dates, Strategy, Fund Facts & Key Details
The NFO of the Select Equity Ex-Top 100 Long-Short Fund from Select SIF by Sundaram Mutual is open from Oct 21, 2026 to Nov 04, 2026. Here are the official fund facts: strategy, asset allocation, benchmark, minimum investment, exit load, fund managers, derivatives limits and risk band.
Equity Long-Short Fund
An open-ended SIF strategy that invests at least 80% in equity and equity-related instruments with limited short exposure through derivatives, as permitted by SEBI.