Apex SIF · SIF · SIF-154
Apex Equity Long-short Fund-Regular Growth
Equity Oriented · Equity Long-Short Fund · Open Ended Scheme · Regular Growth
ISIN (Payout): INF209K30107
Strategy facts
- Declared benchmark
- NIFTY 500 TRI
- Fund managers
- Manish Gupta (since Aug 2026), Harshil Suvarnkar (since Aug 2026)
- Launched
- 10 Aug 2026
- Minimum investment
- ₹10 lakh
- Risk level (1 low, 5 high)
- Level 2 (was Level 5 at launch)
- Custodian
- HDFC Bank
- Exit load
- For redemption / switch-out of units on or before 90 days from the date of allotment: 0.50% of applicable NAV. For redemption / switch-out of units after 90 days from the date of allotment: NIL
Investment objective
The Investment strategy seeks to generate long-term capital appreciation by investing in a diversified portfolio of equity and equity-related instruments, including limited short exposure through derivatives.
From AMFI's strategy details and the house's Scheme Summary Document, checked 16 Oct 2026. Strategy document (PDF) Summary document (PDF)
Returns (as of 2026-10-22)
1 Month
-1.71%
3 Months
—
6 Months
—
Since Inception
-2.40%
from 2026-09-01
CAGR (Inception)
—
< 1 yr history
Risk Indicators
Max Drawdown
-2.50%
Worst peak‑to‑trough fall since inception
Annualised Volatility
6.98%
How bumpy the daily NAV journey is
Based on 51 days of NAV history. Green < 5% MDD / < 12% vol · Amber 5-10% / 12-20% · Red > 10% / > 20%
Risk-adjusted ratios
Since inception, from 34 daily returns. Short histories make these noisy, so treat them as provisional.
Sharpe ratio
n/a
Needs at least 60 daily returns
Sortino ratio
n/a
Same, but counting only the falls
Beta vs Nifty 500
n/a
Needs at least 60 matched days
Down capture
n/a
Share of the index's falls it took on down days (lower is better)
Up capture
n/a
Share of the index's gains it kept on up days
Worst month
-2.10%
Sep 2026
Best month
-2.10%
Sep 2026
Positive months
0 of 1
Completed calendar months that gained
Drawdown recovery
Not yet
0 days since the worst low
Below its high
-2.50%
How far today's NAV is under the highest NAV so far
Beta and capture use the Nifty 500 price index, matched on 34 common trading days.
Portfolio · as on 30 Sep 2026
House's portfolio fileStrategy assets
₹125 cr
Net assets in the portfolio file
Equity held
62.0%
57 stocks, top 10 = 23.7%
Futures, net
+0.0%
Short 0.0% · long +0.0%
Net equity exposure
62.0%
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 +62.0%
- Net receivables +13.2%
- Cash & TREPS +12.9%
- Money market +11.9%
Blue bars add to the portfolio, orange bars are short or negative positions.
Top 10 stocks held
| ICICI Bank Ltd.Banks | 4.06% |
| Reliance Industries Ltd.Petroleum Products | 3.41% |
| Bharti Airtel Ltd.Telecom - Services | 2.33% |
| Adani Enterprises Ltd.Metals & Minerals Trading | 2.15% |
| Grasim Industries Ltd.Cement & Cement Products | 2.14% |
| NTPC Ltd.Power | 2.12% |
| Aditya Infotech Ltd.Industrial Manufacturing | 1.91% |
| Info Edge (India) Ltd.Retailing | 1.87% |
| Honasa Consumer Ltd.Personal Products | 1.84% |
| Nestle India Ltd.Food Products | 1.83% |
Largest short positions
No short derivative positions on this date.
Stocks held, by industry
Net assets by portfolio date: Sep 2026 ₹125 cr · Aug 2026 ₹104 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
2026-09-01 → 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 | 13 Oct 2026 | 3.08 |
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 (Sep 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 | · | · | · | · | · | · | · | · | · | -0.3 | · | · | -0.3 |
| Avg | · | · | · | · | · | · | · | · | · | · | · | · | · |
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: Apex 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.