01
Market risk
SIF NAVs can fall with equity, debt, liquidity and sentiment shocks. Hedging can reduce drawdowns but cannot remove market risk.
FundsApex Equity
Aditya Birla Sun Life Mutual Fund
Apex Equity Long-Short Fund
Equity Long ShortNet long As per ISID
01 SIFPrime research brief
Apex Equity research brief.
Uses a equity long-short SIF mandate with regulated exposure limits and Regular Growth plan execution. Review the mandate, portfolio construction, hedge discipline, liquidity and cost structure together before assessing suitability or allocating capital.
Current NAV
₹9.9200
2026-10-13
Core idea
Equity L/S
Equity long short
Team depth
Pending
Research team mapped
Risk label
Very High
Read with the risk framework
Research uses Direct Growth NAV history. Orders on SIFPrime use Regular Growth; the order ticket identifies the execution plan.
Loading selected-plan performance…
Direct Growth · 2026-10-13 · Source & calculation
AMFI SIF daily NAV · Scheme SIF-153 · Growth option
Observed 2026-09-01 to 2026-10-13 · 29 daily NAVs.
Absolute return = (end NAV ÷ start NAV − 1) × 100. Returns are not annualized. 1M / 3M / 6M use 30 / 91 / 182 days and the last NAV on or before the cutoff. YTD starts at the last prior-year NAV, or inception for a new fund.
Complete inception history is not available. Since-inception return is withheld.
Observed-history start NAV ₹10.0100 · latest ₹9.9200.
Max drawdown -2.00%. Peak 2026-09-04 to trough 2026-09-30.
Sharpe assumption: 5.3324% annual risk-free rate, observed 2026-07-17. Risk metrics use 28 daily returns from 2026-09-01 to 2026-10-13.
Snapshot checked 2026-10-14 10:37:42 UTC. The NAV date above is the valuation date; this is not a live price.
1M: 2026-09-11 → 2026-10-13
3M: Insufficient history → 2026-10-13
YTD: Insufficient history → 2026-10-13
02 Daily NAV performance
Daily NAV movement and returns
Every published daily point is plotted; choose a period to inspect the path.
Since inception
—
29 NAV points
Start NAV
₹10.0100
Latest NAV
₹9.9200
Monthly returns
Selected-plan absolute returns (%). First month is since inception; latest month is to the displayed NAV date.
Risk-adjusted performance
Observed daily NAV risk metrics
Annualized from Direct Growth NAV returns using 252 trading days. A minimum of 20 daily returns is required.
Volatility
7.31%
Sharpe ratio
-1.79
Daily returns
28
Observation period
1 Sept 2026 – 13 Oct 2026
Sharpe uses an RBI 91-day T-Bill rate of 5.3324% as of 17 Jul 2026. Short track records should be treated as provisional.
03 Portfolio intelligence
Holdings by portfolio sleeve
Equity, derivatives, debt and supplemental hedge disclosures stay separate so the source can be read without mixing measurement bases.
Latest verified AMC disclosure: 30 Sept 2026.Usually reported monthlyPartial disclosurePortfolio lines157Top 10 concentration23.66%
Latest portfolio research · construction, positioning and changes
Loading portfolio research…
Portfolio sleeves
Listed equity
longequity share57 disclosed lines
All rows stay inside this fixed view. Scroll to inspect long and short positions without changing the page layout.
This is the latest verified partial disclosure. It includes the securities and aggregate sleeves published by the AMC, but it should not be read as a complete security list.
03 Portfolio construction
Asset allocation bands
Scheme-filed allocation limits show where the strategy can invest. Actual weights vary with the portfolio disclosure date and fund-manager view.
Net long exposure
Min
--
Max
As per ISID
Published scheme reference; confirm the current SID
Equity, debt and derivatives
Min
--
Max
As per scheme document
Read the scheme-specific research and linked SID for each allocation limit
Benchmark: NIFTY 500 TRI
04 Fund managers
Fund manager details pending
Fund manager names and biographies are not available in the current dataset yet. This section will update once the official manager details are added.
Fund manager data is awaiting the next verified scheme update.
Team lens
Review how equity, debt, arbitrage and hedging decisions are coordinated across the full mandate, not as isolated manager sleeves.
05 Risk framework
Where the strategy can break
Read each risk as an operating condition to monitor. Hedging can change the shape of drawdowns, but it does not remove market, liquidity or execution risk.
02
Derivative and short risk
Futures and options can amplify gains and losses. Unhedged short exposure is capped by the SEBI SIF framework but still needs active risk control.
03
Liquidity and redemption risk
Many SIFs are interval strategies. Redemption windows, settlement time and underlying portfolio liquidity matter before allocating capital.
04
Mid and small-cap liquidity
Ex-top-100 and broader equity long-short mandates can face sharper price impact and wider bid-ask spreads during stress.
05
Manager execution risk
Security selection, timing, hedge sizing and short-book discipline drive outcomes more than in a passive or plain-vanilla fund.
Potential fit
investors reviewing a new ABSL equity long-short SIF before NAV history is available
Investors comfortable with scheme-defined liquidity
Mismatch signals
Capital preservation or guaranteed return expectations
A need for daily redemption flexibility
A short holding period sensitive to exit load and NAV seasoning
An assumption that derivatives always reduce downside
Monitoring checklist
What should change your view
Daily NAV behavior through stressed markets
Portfolio sleeves versus the filed mandate
TER drift across Regular and Direct plans
Liquidity and hedge behavior across disclosures
06 Due diligence desk
Documents and operating terms
Read the governing documents alongside the costs, liquidity and settlement terms that affect the actual investor experience.
What to read
Official disclosure checklist
01
Scheme Information Document
Mandate, portfolio bands, risk factors, benchmark and operating terms.
Direct download not yet verified. Consult the AMC for the current document.
02
Key Information Memorandum
Quick-reference investor disclosure and application information.
Direct download not yet verified. Consult the AMC for the current document.
03
Statement of Additional Information
AMC, trustee, taxation, legal and investor-rights disclosures.
Direct download not yet verified. Consult the AMC for the current document.
04
Monthly factsheet and portfolio disclosure
NAV, TER, allocation and portfolio updates when regular publications are available.
Direct download not yet verified. Consult the AMC for the current document.
Investor terms
Cost and access snapshot
Allotment / inception
Pending official allotment
TER regular
As per SID
Exit load
As per ISID
Redemption frequency
As per ISID
Settlement
As per ISID
Plans / options
Direct and Regular, Growth option
Treat the SID and latest factsheet as controlling sources whenever a website summary and official disclosure differ.
In context
Comparable Equity Long Short SIFs in India
Compare this fund with nearby SIFs in the same category or mandate family before deciding allocation size.
FundFund houseMandateStatus
Fund
Apex Equity Long-Short
Fund house
Aditya Birla Sun Life Mutual Fund
Mandate
Equity long short
Current fund
Fund
MSIF Equity Long-Short Fund
Fund house
Mahindra Manulife Mutual Fund
Mandate
Equity long short
NFO
Fund
qSIF Equity Long-Short
Fund house
Quant Mutual Fund
Mandate
Quantitative
Live
Fund
Diviniti Equity Long-Short
Fund house
ITI Mutual Fund
Mandate
Pure long short
Live
Fund
DynaSIF Equity Long-Short
Fund house
360 ONE Mutual Fund
Mandate
Pure long short
Live
SIFPrime view
How we are thinking about Apex Equity
- 01
Apex Equity should be reviewed through its mandate, fund house, portfolio bands, liquidity terms, TER and risk label before any order is placed.
- 02
Uses a equity long-short SIF mandate with regulated exposure limits and Regular Growth plan execution.
- 03
Very High risk and As per ISID liquidity mean the investment should be matched to holding period, drawdown comfort and redemption needs.
Disclaimer. The information above is based on publicly available scheme documents, SIFPrime research notes and NAV data where available for Apex Equity Long-Short Fund. SIFPrime is an AMFI-registered mutual fund distributor and does not provide investment advice. SIFs are subject to market risk; please read the SID/SAI carefully before investing.
Risk label: Very High. Investments in SIFs involve relatively higher risk including possible loss of capital, liquidity risk and market volatility.
