WSIF Equity Long-Short Fund
Frequently asked questions
What is WSIF Equity Long-Short Fund?
WSIF Equity Long-Short Fund is a Specialized Investment Fund (SIF) from The Wealth Company 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 Total Return Index (TRI).
What is the minimum investment in WSIF Equity Long-Short Fund?
The minimum investment is ₹10,00,000, multiples of ₹100 (₹1,00,000 for accredited investors); SIP ₹1,000, multiples of ₹100, min. 6 installments.
How often can I buy and redeem units?
Subscriptions: Daily; cut-off 3:00 PM for same-day NAV. Redemptions: Daily; cut-off 3:00 PM; no lock-in.
What is the exit load?
Exit load: 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 WSIF 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 WSIF 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.