Select Equity Ex-Top 100 Long-Short Fund NFO Is Open Till 4 Nov: Minimum ₹10,00,000, Units at ₹10
Key Highlights
Select Equity Ex-Top 100 Long-Short Fund NFO open until 4 Nov 2026. Offer price ₹10, minimum investment ₹10,00,000. Allocation, benchmark, peer comparison.
Details as of: 1 November 2026
- until 4 Nov 2026 (opened 21 Oct 2026)
- Offer price: ₹10 per unit
- Minimum investment: ₹10,00,000
- Exit load: 1% on or before 1Y, NIL after 1Y
- : Nifty MidSmallcap 400 – TRI
- At least 65% must be in Equity and Equity related securities (including REITs) of Ex- Top 100 companies (including up to 25% in Unhedged short exposure through derivative instruments)
The Select Equity Ex-Top 100 Long-Short Fund NFO is open until 4 November 2026. It opened on 21 October 2026 for subscription. Investors can purchase units at an offer price of ₹10. The minimum investment required to participate in the fund is ₹10,00,000.
Select Equity Ex-Top 100 Long-Short Fund NFO: key details
| Fund house | Sundaram Select SIF |
| Category | Equity – Ex-Top 100 Long-Short Fund |
| Opens | 21 October 2026 |
| Closes | 4 November 2026 |
| Offer price | ₹10 per unit |
| Minimum investment | ₹10,00,000, then ₹1,000 in multiples of ₹1 |
| Monthly from ₹5,000 (6 instalments) | |
| Exit load | 1% on or before 1Y, NIL after 1Y |
| Benchmark | Nifty MidSmallcap 400 – TRI |
| Fund managers | Madanagopal Ramu, Sandeep Agarwal, Shalav Saket |
| Plans | Regular and Direct plans, with Growth and IDCW options |
What the scheme says it will invest in
The scheme states its objective as follows.
To generate capital appreciation in the long term by predominantly investing in equity and equity related securities of Ex – top 100 companies. The Investment Strategy may also invest in various derivative instruments, including short exposure through unhedged derivative positions in equity and equity related instruments of Ex – top 100 stocks upto 25%. There is no assurance that the investment objective of the Investment strategy will be achieved.
| Where the money goes | Minimum | Maximum |
|---|---|---|
| Equity and Equity related securities (including REITs) of Ex- Top 100 companies (including up to 25% in Unhedged short exposure through derivative instruments) | 65% | 100% |
| Other Equity and Equity related securities | 0% | 35% |
| Debt & Money Market instruments and Units of Debt Oriented MF | 0% | 35% |
| Units issued by InvITs | 0% | 10% |
The scheme allocates at least 65% of its portfolio to equity and equity-related securities of Ex-Top 100 companies. This allocation includes up to 25% in unhedged short exposure through derivative instruments. The fund may also invest up to 10% in units issued by InvITs.
How it compares with existing funds
| Measure | Value |
|---|---|
| Funds in the category | 7 |
| Average expense ratio of Direct plans (5 funds) | 2.12% (range 1.41%–2.73%) |
| Fund | NFO period | Assets (₹ crore) | now (Direct Growth) | Change on offer price |
|---|---|---|---|---|
| Apex Equity Ex-Top 100 Long-Short Fund | 10 August 2026 – 24 August 2026 | 250 | ₹9.96 (30 October 2026) | −0.40% |
| Magnum Equity Ex-Top 100 Long-Short Fund | 7 August 2026 – 20 August 2026 | 1,598 | ₹9.53 (29 October 2026) | −4.71% |
| DynaSIF Equity Ex-Top 100 Long-Short Fund | 5 June 2026 – 19 June 2026 | 343 | ₹10.66 (30 October 2026) | 6.55% |
| Altiva Equity Ex-Top 100 Long-Short Fund | 18 May 2026 – 1 June 2026 | 1,535 | ₹10.17 (29 October 2026) | 1.69% |
| WSIF Equity Ex-Top 100 Long-Short Fund | 15 April 2026 – 29 April 2026 | 76 | ₹9.93 (30 October 2026) | −0.70% |
| iSIF Equity Ex-Top 100 Long-Short Fund | 16 January 2026 – 30 January 2026 | 2,620 | ₹9.96 (29 October 2026) | −0.40% |
Existing funds in this category have an average expense ratio of 2.12%. Among earlier NFOs, assets range from ₹76 crore to ₹2,620 crore. Current NAVs for these funds vary, with one fund reaching a NAV of ₹10.66 while another stands at ₹9.53.
Fund managers
| Name | Role | Experience |
|---|---|---|
| Madanagopal Ramu | Head – Equity Research & Assistant Fund Manage | 9 Years |
| Sandeep Agarwal | 2 Years | |
| Shalav Saket | Fund Manager | 8 Years |
Select Equity Ex-Top 100 Long-Short Fund NFO: FAQs
When does the Select Equity Ex-Top 100 Long-Short Fund NFO open and close?
The NFO opens on 21 Oct 2026 and closes on 4 Nov 2026.
What is the minimum investment in the Select Equity Ex-Top 100 Long-Short Fund NFO?
The minimum investment is ₹10,00,000. Further amounts are ₹1,000 in multiples of ₹1. SIPs: Monthly from ₹5,000 (6 instalments).
What is the exit load of the Select Equity Ex-Top 100 Long-Short Fund?
The scheme states its exit load as: 1% on or before 1Y, NIL after 1Y
Who manages the Select Equity Ex-Top 100 Long-Short Fund?
The fund is managed by Madanagopal Ramu, Sandeep Agarwal, Shalav Saket.
Which plans does the Select Equity Ex-Top 100 Long-Short Fund have?
Regular and Direct plans, with Growth and IDCW options.
What does the NFO offer price mean?
The offer price is the price per unit at which units are allotted during the NFO, here ₹10. It is not a measure of value, and the fund has no track record to judge until it has run for some time.
What is the benchmark of the Select Equity Ex-Top 100 Long-Short Fund?
The scheme’s benchmark is the Nifty MidSmallcap 400 – TRI.
Scheme terms from the offer documents; fund data: Accord Fintech. Calculations: ThePip. For information only; not investment advice.