Summit Equity Long-Short Fund
Frequently asked questions
What is Summit Equity Long-Short Fund?
Summit Equity Long-Short Fund is a Specialized Investment Fund (SIF) from Invesco Mutual Fund. To generate long-term capital appreciation by investing primarily in equity and equity-related instruments, combining directional equity with tactical short positions for risk-adjusted returns over traditional long-only strategies. Its benchmark is BSE 500 TRI.
What is the minimum investment in Summit Equity Long-Short Fund?
The minimum investment is ₹10,00,000 (purchase), ₹1,00,000 (switch-in/accredited investors), multiples of ₹1.
How often can I buy and redeem units?
Subscriptions: Daily. Redemptions: Daily.
What is the exit load?
Exit load: 0.50% (≤3 months), Nil after (plan switches: Nil). 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 Summit 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 Summit 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.