Apex Hybrid Long-Short: September review - more company equity within a multi-asset mix
The 30 Sep 2026 AMC portfolio has been reconciled to its disclosed net assets. Listed equity: 42.22%; Debt securities: 22.35%; Money market: 25.75%; Cash and net current assets: -1.38%; REITs, InvITs and other listed units: 11.06%.
AI Brief
What changed
The source review separated the main holdings from repeated derivative annexures, subtotal rows and closed-period transactions. Omitted source rows and percentage scaling were corrected where applicable. Small weights marked with AMC footnote symbols were calculated from the disclosed market values and total net assets; the symbols and bounds remain attached to the evidence.
Why it matters
The 30 Sep 2026 AMC portfolio has been reconciled to its disclosed net assets. Listed equity: 42.22%; Debt securities: 22.35%; Money market: 25.75%; Cash and net current assets: -1.38%; REITs, InvITs and other listed units: 11.06%.
What to watch
Compare the next dated disclosure on the same measurement basis.
What remains uncertain
Changes compare disclosed snapshots; they do not identify actual purchases, sales, turnover or returns. Derivative percentages are shown separately from asset weights. No combined gross, net-market or delta-adjusted exposure is inferred. A strategy interpretation describes what the holdings may imply; only an AMC statement can establish the manager's intent. Calculated weights are based on the published values and inherit their rounding; they are not independently reported percentages.
Generated by Codex source-reviewed editorial research from this article and its evidence · 11 Oct 2026
SIFprime View
Listed equity leads at 42.22%
Common-company equity increased relative to August, with a large UPL holding in the current book. REIT and InvIT units, debt and money market are substantial separate allocations, while the source also identifies short futures used for hedging.
Explore the evidencePORTFOLIO ALLOCATION
Latest allocation & changes
Latest disclosed figures. A comparable previous disclosure is not available.
- Listed equity
- 42.22%
- Debt securities
- 22.35%
- Money market
- 25.75%
- Cash and net current assets
- -1.38%
- REITs, InvITs and other listed units
- 11.06%
Derivative positioning
- Futures · signed totalFutures reported %
- 9.52%
- Options · signed totalOptions valuation %
- 0.57%
Percentages are compared on the same source basis. These measures can overlap and are not added to capital allocation. Contract or short-stock rotations are not treated as company additions or removals.
Only quantified categories are shown. Missing figures are not zero; changes appear only when both disclosures are comparable.
Explore the disclosed holdings
Apex Hybrid Long-Short · 30 Sept 2026
Portfolio sleeves
83 disclosed lines
Scroll inside the table to inspect all rows. The page layout stays fixed.
| # | Security / ISIN | Sector / bucket | Weight (% NAV) | Exposure (% NAV) |
|---|---|---|---|---|
| 01 | UPL Ltd.INE628A01036 · long | Fertilizers & Agrochemicals | 5.16% | 5.16% |
| 02 | Reliance Industries Ltd.INE002A01018 · long | Petroleum Products | 3.17% | 3.17% |
| 03 | ICICI Bank Ltd.INE090A01021 · long | Banks | 3.09% | 3.09% |
| 04 | HDFC Bank Ltd.INE040A01034 · long | Banks | 2.27% | 2.27% |
| 05 | Knowledge Realty TrustINE1JAR25012 · long | Realty | 1.02% | 1.02% |
| 06 | Swiggy Ltd.INE00H001014 · long | Retailing | 0.90% | 0.90% |
| 07 | Kotak Mahindra Bank Ltd.INE237A01036 · long | Banks | 0.82% | 0.82% |
| 08 | Bharat Forge Ltd.INE465A01025 · long | Auto Components | 0.82% | 0.82% |
| 09 | INDO-MIM Ltd.INE084101034 · long | Industrial Manufacturing | 0.75% | 0.75% |
| 10 | Axis Bank Ltd.INE238A01034 · long | Banks | 0.67% | 0.67% |
| 11 | ITC Ltd.INE154A01025 · long | Diversified FMCG | 0.64% | 0.64% |
| 12 | Tech Mahindra Ltd.INE669C01036 · long | IT - Software | 0.62% | 0.62% |
| 13 | State Bank of IndiaINE062A01020 · long | Banks | 0.61% | 0.61% |
| 14 | Kaynes Technology India Ltd.INE918Z01012 · long | Industrial Manufacturing | 0.59% | 0.59% |
| 15 | Hindustan Zinc Ltd.INE267A01025 · long | Non - Ferrous Metals | 0.59% | 0.59% |
| 16 | FSN E-Commerce Ventures Ltd.INE388Y01029 · long | Retailing | 0.57% | 0.57% |
| 17 | Hindalco Industries Ltd.INE038A01020 · long | Non - Ferrous Metals | 0.56% | 0.56% |
| 18 | Tempsens Instruments (India) Ltd.INE1KZI01025 · long | Industrial Manufacturing | 0.55% | 0.55% |
| 19 | Eternal Ltd.INE758T01015 · long | Retailing | 0.55% | 0.55% |
| 20 | IDFC First Bank Ltd.INE092T01019 · long | Banks | 0.53% | 0.53% |
| 21 | Mahindra & Mahindra Ltd.INE101A01026 · long | Automobiles | 0.53% | 0.53% |
| 22 | Bajaj Finance Ltd.INE296A01032 · long | Finance | 0.51% | 0.51% |
| 23 | Whirlpool of India Ltd.INE716A01013 · long | Consumer Durables | 0.50% | 0.50% |
| 24 | Embassy Office Parks ReitINE041025011 · long | Realty | 0.50% | 0.50% |
| 25 | Bharti Airtel Ltd.INE397D01024 · long | Telecom - Services | 0.50% | 0.50% |
| 26 | LIC Housing Finance Ltd.INE115A01026 · long | Finance | 0.49% | 0.49% |
| 27 | Larsen & Toubro Ltd.INE018A01030 · long | Construction | 0.48% | 0.48% |
| 28 | Grasim Industries Ltd.INE047A01021 · long | Cement & Cement Products | 0.48% | 0.48% |
| 29 | Varun Beverages Ltd.INE200M01039 · long | Beverages | 0.47% | 0.47% |
| 30 | Punjab National BankINE160A01022 · long | Banks | 0.46% | 0.46% |
| 31 | RBL Bank Ltd.INE976G01028 · long | Banks | 0.43% | 0.43% |
| 32 | NTPC Ltd.INE733E01010 · long | Power | 0.41% | 0.41% |
| 33 | Infosys Ltd.INE009A01021 · long | IT - Software | 0.39% | 0.39% |
| 34 | Aurobindo Pharma Ltd.INE406A01037 · long | Pharmaceuticals & Biotechnology | 0.39% | 0.39% |
| 35 | Bank of BarodaINE028A01039 · long | Banks | 0.38% | 0.38% |
| 36 | National Stock Exchange of India Ltd.INE721I01024 · long | Capital Markets | 0.38% | 0.38% |
| 37 | Info Edge (India) Ltd.INE663F01032 · long | Retailing | 0.38% | 0.38% |
| 38 | Bandhan Bank Ltd.INE545U01014 · long | Banks | 0.38% | 0.38% |
| 39 | Eicher Motors Ltd.INE066A01021 · long | Automobiles | 0.36% | 0.36% |
| 40 | DLF Ltd.INE271C01023 · long | Realty | 0.36% | 0.36% |
| 41 | Jio Financial Services Ltd.INE758E01017 · long | Finance | 0.36% | 0.36% |
| 42 | Tata Steel Ltd.INE081A01020 · long | Ferrous Metals | 0.36% | 0.36% |
| 43 | Zydus Lifesciences Ltd.INE010B01027 · long | Pharmaceuticals & Biotechnology | 0.35% | 0.35% |
| 44 | Trent Ltd.INE849A01020 · long | Retailing | 0.34% | 0.34% |
| 45 | Sun Pharmaceutical Industries Ltd.INE044A01036 · long | Pharmaceuticals & Biotechnology | 0.34% | 0.34% |
| 46 | Coforge Ltd.INE591G01025 · long | IT - Software | 0.33% | 0.33% |
| 47 | HCL Technologies Ltd.INE860A01027 · long | IT - Software | 0.32% | 0.32% |
| 48 | Titan Company Ltd.INE280A01028 · long | Consumer Durables | 0.32% | 0.32% |
| 49 | Moneyview Ltd. A**INE0PTN01011 · long | Finance | 0.31% | 0.31% |
| 50 | Tata Consultancy Services Ltd.INE467B01029 · long | IT - Software | 0.30% | 0.30% |
| 51 | Shriram Finance Ltd.INE721A01047 · long | Finance | 0.30% | 0.30% |
| 52 | Meesho Ltd.INE0VDM01015 · long | Retailing | 0.28% | 0.28% |
| 53 | SBI funds Management ltd.INE640G01020 · long | Capital Markets | 0.28% | 0.28% |
| 54 | NMDC Ltd.INE584A01023 · long | Minerals & Mining | 0.26% | 0.26% |
| 55 | Vedanta Ltd.INE205A01025 · long | Diversified Metals | 0.25% | 0.25% |
| 56 | Ather Energy Ltd.INE0LEZ01016 · long | Automobiles | 0.24% | 0.24% |
| 57 | Hindustan Unilever Ltd.INE030A01027 · long | Diversified FMCG | 0.24% | 0.24% |
| 58 | Indian BankINE562A01011 · long | Banks | 0.23% | 0.23% |
| 59 | Mindspace Business Parks ReitINE0CCU25019 · long | Realty | 0.23% | 0.23% |
| 60 | Asian Paints Ltd.INE021A01026 · long | Consumer Durables | 0.22% | 0.22% |
| 61 | Mphasis Ltd.INE356A01018 · long | IT - Software | 0.22% | 0.22% |
| 62 | Biocon Ltd.INE376G01013 · long | Pharmaceuticals & Biotechnology | 0.22% | 0.22% |
| 63 | PB Fintech Ltd.INE417T01026 · long | Financial Technology (Fintech) | 0.21% | 0.21% |
| 64 | Divi's Laboratories Ltd.INE361B01024 · long | Pharmaceuticals & Biotechnology | 0.21% | 0.21% |
| 65 | Adani Energy Solutions Ltd.INE931S01010 · long | Power | 0.18% | 0.18% |
| 66 | Maruti Suzuki India Ltd.INE585B01010 · long | Automobiles | 0.17% | 0.17% |
| 67 | Vinati Organics Ltd.INE410B01037 · long | Chemicals & Petrochemicals | 0.17% | 0.17% |
| 68 | Wipro Ltd.INE075A01022 · long | IT - Software | 0.16% | 0.16% |
| 69 | Deepak Nitrite Ltd.INE288B01029 · long | Chemicals & Petrochemicals | 0.15% | 0.15% |
| 70 | Godrej Properties Ltd.INE484J01027 · long | Realty | 0.15% | 0.15% |
| 71 | Vedanta Aluminium Metal Ltd.INE1CDF01017 · long | Non - Ferrous Metals | 0.14% | 0.14% |
| 72 | ICICI Prudential Life Insurance Company Ltd.INE726G01019 · long | Insurance | 0.14% | 0.14% |
| 73 | HDFC Asset Management Co. Ltd.INE127D01025 · long | Capital Markets | 0.14% | 0.14% |
| 74 | PG Electroplast Ltd.INE457L01029 · long | Consumer Durables | 0.13% | 0.13% |
| 75 | Persistent Systems Ltd.INE262H01021 · long | IT - Software | 0.13% | 0.13% |
| 76 | Capillary Technologies India Ltd.INE0ILV01024 · long | IT - Software | 0.12% | 0.12% |
| 77 | Page Industries Ltd.INE761H01022 · long | Textiles & Apparels | 0.10% | 0.10% |
| 78 | Gujarat Energy Ltd.INE844O01030 · long | Gas | 0.10% | 0.10% |
| 79 | Nippon Life India Asset Management Ltd.INE298J01013 · long | Capital Markets | 0.09% | 0.09% |
| 80 | Doms Industries Ltd.INE321T01012 · long | Household Products | 0.09% | 0.09% |
| 81 | Fortis Healthcare Ltd.INE061F01013 · long | Healthcare Services | 0.05% | 0.05% |
| 82 | GSPL Transmission Ltd.INE1TUG01013 · long | Gas | 0.02% | 0.02% |
| 83 | LTM Ltd.INE214T01019 · long | IT - Software | 0.00% | 0.00% |
Weight and exposure are separate source fields. Source signs are retained; missing values are unavailable, not zero. Derivative weights do not establish total or unhedged exposure.
The reconciled portfolio
- The 30 Sep 2026 AMC portfolio has been reconciled to its disclosed net assets. Listed equity: 42.22%; Debt securities: 22.35%; Money market: 25.75%; Cash and net current assets: -1.38%; REITs, InvITs and other listed units: 11.06%.
Derivative positions
- Futures: reported signed percentage: 9.52%; Options: reported valuation percentage: 0.57%.
- Option valuation percentages are separate from futures exposure. Undisclosed underlying notionals remain unavailable.
Source review
- The source review separated the main holdings from repeated derivative annexures, subtotal rows and closed-period transactions. Omitted source rows and percentage scaling were corrected where applicable. Small weights marked with AMC footnote symbols were calculated from the disclosed market values and total net assets; the symbols and bounds remain attached to the evidence.
- The main statement reconciles to net assets of ₹35,386.70 lakh. Any difference in summed line values is within the disclosed rounding precision.
What the evidence can support
- Changes compare disclosed snapshots; they do not identify actual purchases, sales, turnover or returns.
- Derivative percentages are shown separately from asset weights. No combined gross, net-market or delta-adjusted exposure is inferred.
- A strategy interpretation describes what the holdings may imply; only an AMC statement can establish the manager's intent.
- Calculated weights are based on the published values and inherit their rounding; they are not independently reported percentages.
Sources & methodology
apexsif.adityabirlacapital.com
apexsif.adityabirlacapital.com
Aditya Birla Sun Life Mutual Fund
How to read this research
- Analysis uses the captured disclosure. Portfolio dates and the report preparation date are shown separately.
- Cash-equity concentration uses long cash-equity weights. Derivatives are measured separately and are not added to allocation weights.
- Changes compare disclosed snapshots; they do not establish trade timing or manager intent. Interpretation is separate from the disclosed facts.