SUMMIT SIF · SIF · SIF-151
Summit Equity Long-Short Fund - Direct Plan - IDCW (Payout / Reinvestment)
Equity Oriented · Equity Long-Short Fund · Open Ended Scheme · Direct IDCW
ISIN (Payout): INF205K30055 ISIN (Reinvest): INF205K30063
Strategy facts
- Launched
- 02 Jul 2026
- Minimum investment
- ₹10 lakh
Investment objective
To generate long-term capital appreciation by investing primarily in equity and equity-related instruments, combining directional equity investments with tactical short positions to provide risk-adjusted returns over traditional long-only strategies. There is no assurance that the investment objective of the Investment strategy will be achieved.
From AMFI's strategy details and the house's Scheme Summary Document, checked 16 Oct 2026. Strategy document (PDF)
Returns (as of 2026-10-22)
1 Month
-4.85%
3 Months
—
6 Months
—
Since Inception
+0.30%
from 2026-07-24
CAGR (Inception)
—
< 1 yr history
Risk Indicators
Max Drawdown
-6.01%
Worst peak‑to‑trough fall since inception
Annualised Volatility
11.65%
How bumpy the daily NAV journey is
Based on 90 days of NAV history. Green < 5% MDD / < 12% vol · Amber 5-10% / 12-20% · Red > 10% / > 20%
Risk-adjusted ratios
Since inception, from 61 daily returns. Short histories make these noisy, so treat them as provisional.
Sharpe ratio
-0.35
Return per unit of total risk, above a 6% risk-free rate
Sortino ratio
-0.43
Same, but counting only the falls
Beta vs Nifty 50
0.74
1.0 moves with the index; lower means more hedged
Down capture
62%
Share of the index's falls it took on down days (lower is better)
Up capture
84%
Share of the index's gains it kept on up days
Worst month
-3.96%
Sep 2026
Best month
3.62%
Aug 2026
Positive months
2 of 3
Completed calendar months that gained
Drawdown recovery
Not yet
0 days since the worst low
Below its high
-6.01%
How far today's NAV is under the highest NAV so far
Beta and capture use the Nifty 50 price index, matched on 61 common trading days. Nifty 50 is a reference here, not this strategy's declared benchmark.
Portfolio · as on 30 Sep 2026
House's portfolio fileStrategy assets
₹376 cr
Net assets in the portfolio file
Equity held
93.5%
52 stocks, top 10 = 33.4%
Futures, net
+0.0%
Short 0.0% · long +0.0%
Net equity exposure
93.5%
Equity held plus futures
How the book is built
Outright equity, little hedging.
Each future and option is matched to the stock it is written on, and coverage is measured by contracts against shares held: the file shows options at their premium, which would make a collar over half the book look like well under 1% of it.
Asset mix, % of net assets
- Equity held +93.5%
- Cash & TREPS +7.7%
- Net receivables -1.2%
Blue bars add to the portfolio, orange bars are short or negative positions.
Top 10 stocks held
| ICICI Bank LimitedBanks | 6.12% |
| Bharti Airtel LimitedTelecom - Services | 3.90% |
| Indo-MIM LimitedIndustrial Manufacturing | 3.48% |
| InterGlobe Aviation LimitedTransport Services | 3.42% |
| Eternal LimitedRetailing | 3.41% |
| Abbott India LimitedPharmaceuticals & Biotechnology | 2.97% |
| Cholamandalam Investment and Finance Company LimitedFinance | 2.76% |
| Indian BankBanks | 2.48% |
| Larsen & Toubro LimitedConstruction | 2.43% |
| Coforge LimitedIT - Software | 2.41% |
Largest short positions
No short derivative positions on this date.
Stocks held, by industry
Net assets by portfolio date: Sep 2026 ₹376 cr · Aug 2026 ₹291 cr · Jul 2026 ₹202 cr
From the house's own portfolio statement; SIFs must publish one at least every alternate month-end. Futures are counted at full contract value, so net equity exposure is equity held plus futures. Options are shown at their premium value, not their market exposure, so they are left out of that figure.
Growth of ₹100 since inception
2026-07-24 → 2026-10-22
| Since inception | Return | Max drawdown |
|---|
All rebased to ₹100 at the SIF's inception. SIFs are long-short (hedged) and aim for a smaller max drawdown rather than out-running a fully-invested fund/index in a rising market, so weigh the drawdown column alongside return.
Fund house's own money in this strategy
| Quarter | Valued on | ₹ crore |
|---|---|---|
| Jul-Sep 2026 | 30 Sep 2026 | 0.30 |
What the fund house itself has invested in this strategy, as filed with AMFI each quarter. This is the house's own stake, not the size of the strategy (AUM). AMFI does not publish AUM for individual SIF strategies.
Monthly returns · since inception (Jul 2026)
How each calendar month went: green months gained, red months lost. Deeper colour = bigger move.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | · | · | · | · | · | · | · | +3.6 | -4.0 | -1.7 | · | · | -2.2 |
| Avg | · | · | · | · | · | · | · | +3.6 | -4.0 | · | · | · | · |
All values in %. Each cell compares the last NAV of the month with the last NAV of the month before. The latest month is month-to-date; the Year column compounds the months shown on that row.
Other plans: SUMMIT SIF · Equity Long-Short Fund
Minimum investment ₹10 lakh. SIF data from AMFI. Not investment advice. Verify all information with the fund house before investing.