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SSSummit SIFDirect · Growth

Summit Equity Long-Short Fund - Growth - Direct Plan

equityEquity - Long-Short FundBenchmark: BSE 500 - TRI
NAV · 15 Sep 2026₹10.22-2.11%
AUM₹291 Crfrom this fund's primary plan
Expense Ratio3.57%
CAGR—
Exit Load0.50% on or before 3M, NIL after 3M
Min SIP₹1,000from this fund's primary plan
Launched2026

Investment Objective

To generate long-term capital appreciation by investing primarily in equity and equity-relatedinstruments, 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.

Fund Mandate

Debt & Money Market Instruments0%–20%
Equity & Equity Related Instruments80%–100%
Short exposure through unhedged derivative positions in equity and equity related instruments0%–25%
Units issued by InvITs0%–20%
Fund Managers
HJ
Hiten Jain
Fund Manager
Key Information
3.57%
₹1,000from this fund's primary plan
₹10,00,000
0.50% on or before 3M, NIL after 3M
Nil
Inception22 Jul 2026
AMCSummit SIF
Top Holdings

Portfolio holdings not disclosed for this fund yet.

On This Page
NAV growthTop holdings
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Latest News

No recent news found for Summit Equity Long-Short Fund - Growth - Direct Plan.

Summit SIF Latest News

Trailing Returns
PeriodReturns
1 Day-2.11%
1 Week-2.76%
1 Month-0.97%
+2.20%
Risk Metrics

Risk metrics are not available for this fund.

Fees
3.57%
0.50% on or before 3M, NIL after 3M
Nil
₹1,000from this fund's primary plan
₹10,00,000
Capital Gains Tax, general rules

This is an equity-oriented fund. Under rules effective since Budget 2024 (23 July 2024):

Short-Term Capital Gains (held ≤ 12 months): taxed at a flat 20%.

Long-Term Capital Gains (held > 12 months): taxed at 12.5% on gains above ₹1.25 lakh in a financial year, with no indexation benefit.

General information only, not tax advice, actual liability depends on your overall income and applicable law at the time of redemption. Consult a tax advisor for your specific situation.

Frequently Asked QuestionsGeneral mutual-fund FAQs, not specific to this scheme