Hybrid / Multi-Asset

Aditya Birla Sun Life Mutual Fund

Apex Hybrid Long-Short Fund

An Aditya Birla Sun Life Apex SIF hybrid long-short interval strategy combining arbitrage, fixed income, equity, derivatives, and permitted alternatives.

launchedHybrid Long-ShortEvidence sufficient for review

Compare this SIF Open performance desk Check official documents

Research summary

Review brief

The available documents and NAV history support comparison, while personal suitability still needs professional judgment.

Research context

Investors comparing hybrid long-short SIF structures

Review carefully if

Current portfolio holdings are not yet connected to a dated official disclosure

Next source check

Review benchmark: Source proof is tracked separately; the investor-facing value should be extracted before relying on it.

Source dates matter: a document can remain useful even when a newer reporting period is not yet available.

NAV by plan and option

AMFI source checked 18 Sept 2026

4 verified rows

Latest NAV by Direct and Regular plan for Growth and IDCW options
Option	Direct	Regular
Growth	₹10.7458 17 Sept 2026	₹10.6868 17 Sept 2026
IDCW	₹10.7456 17 Sept 2026 Payout + Reinvestment	₹10.6867 17 Sept 2026 Payout + Reinvestment

IDCW distribution history

Payout + Reinvestment facilities published for Direct and Regular plans.

Event review pending

Daily IDCW NAV is not a payout record. No distribution amount or date is inferred from NAV movement.

Source identifiers

Direct Growth · AMFI SIF-79 · payout/growth ISIN INF209K30016

Regular Growth · AMFI SIF-80 · payout/growth ISIN INF209K30040

Regular IDCW · AMFI SIF-81 · payout/growth ISIN INF209K30057 · reinvestment ISIN INF209K30065

Direct IDCW · AMFI SIF-83 · payout/growth ISIN INF209K30024 · reinvestment ISIN INF209K30032

Open official NAV source Open official option source

Decision facts

Six facts to check before shortlisting.

Read these alongside the Risk-band and performance sections. Dates and source links remain attached to each value.

Minimum investment

Rs. 10 lakh minimum SIF threshold; verify accredited investor terms in latest documents

Available

Why this matters

If the investor cannot meet the ticket size or suitability threshold, use mutual fund alternatives instead.

View source

Investment Strategy Information Document / Source reviewed 8 Sept 2026

Liquidity / exit terms

Interval strategy with subscription/redemption terms described in official Apex documents; verify latest transaction rules before action

Available

Why this matters

Liquidity can matter more than returns if the investor may need money quickly or cannot tolerate interval restrictions.

View source

Investment Strategy Information Document / Source reviewed 8 Sept 2026

Fund manager / team

Fund management team: Mr. Lovelish Solanki (primary), Mr. Mohit Sharma (co-manager), and Mr. Rohit Karan (co-manager).

Available

Why this matters

Manager identity and relevant strategy experience help judge process credibility, but should come from official AMC evidence.

View source

Official AMFI Apex Hybrid Long-Short strategy summary / Source reviewed 8 Sept 2026

AUM

AUM as on 31-Mar-2026: Rs. 53.25 crore; Average AUM for March 2026: Rs. 4.19 crore.

Available

Why this matters

AUM affects liquidity, scalability, concentration, and whether returns are coming from a very small base.

View source

Official Apex March 2026 AUM/AAUM disclosure / Source reviewed 3 Jul 2026

TER / costs

Actual Expense: Regular 1.45%; Direct 0.43%.

Available

Why this matters

Costs are essential before comparing a SIF against mutual funds or deciding whether a complex strategy is worth it.

View source

Official AMFI Apex Hybrid Long-Short strategy summary / Source reviewed 8 Sept 2026

Exit load / dealing rules

Exit load: 0.50% for redemption/switch-out on or before 90 days from allotment; nil after 90 days.

Available

Why this matters

Exit loads, notice periods, and dealing frequency can change suitability even when the strategy looks attractive.

View source

Official AMFI Apex Hybrid Long-Short strategy summary / Source reviewed 8 Sept 2026

Questions to resolve before shortlisting

What market condition is this strategy designed to handle best?

How does the scheme manage downside risk and liquidity pressure?

Which investor profile is explicitly not suitable for this SIF?

Risk band

Strategy and benchmark are shown separately.

A higher number indicates a higher position on the five-level Risk-band. It is one suitability input, not a complete risk verdict.

Five-level scale

Investment strategy

As of 31 Mar 2026

Lower riskHigher risk

Risk Band Level 1

View source

Source reviewed 8 Sept 2026

Benchmark

Launch disclosure

Lower riskHigher risk

Risk Band Level 2

View source

Source reviewed 5 Sept 2026

Change notice: strategy moved from Risk Band Level 2 to Risk Band Level 1, based on the portfolio as of 31 Mar 2026. Notice dated 8 Apr 2026.

Performance evidence

Return context, with the comparison limit visible.

This is a source-matched comparison, not a return ranking. Move from market context to same-strategy SIF peers or a relatable mutual fund without hiding the limits of each lens.

Explore full analytics

Official scheme benchmark: Not captured yet

Comparison lens

Market context

The SIF and public TRI are rebased on their exact common dates. The index is a market lens, not the official scheme benchmark.

Apex Hybrid Long-Short FundNifty 500 TRI

30 Mar 202616 Sept 2026

Every series is rebased to 100 on the first exact common date; values are not NAV levels.

This SIF return

+6.55%

Exact common window

Comparator return

+10.45%

Nifty 500 TRI; same dates and basis

Return difference

-3.90%

SIF minus selected comparator

Maximum drawdown

-0.59% / -5.50%

SIF / comparator

Annualized volatility

3.18% / 13.26%

Observed daily variability; SIF / comparator

Common observations

116

30 Mar 2026 to 16 Sept 2026

Comparison limit: Use this lens to study market participation, not to judge a hybrid mandate as though it were a pure-equity fund.

Sources, calculations and risk-ratio policy

Apex Hybrid Long-Short Fund

AMFI daily SIF NAV | Regular - Growth

Open source

Data through 16 Sept 2026. Snapshot checked 18 Sept 2026. Automated daily snapshot after identity, freshness, and history QA.

Nifty 500 TRI

NSE Indices TRI snapshot | Total Return Index

Open source

Data through 16 Sept 2026. Snapshot checked 17 Sept 2026. Automated benchmark snapshot; exact common dates only.

Returns, drawdowns, and volatility are calculated by elitefunds from exact common-date observations. Automated fields refresh with the scheduled data pipeline and remain subject to source QA.

Risk-ratio guardrail

Sharpe and Sortino are withheld while the strategy has less than 36 months of observed history. Publishing either ratio now would turn a short launch record into a misleading precision signal.

Strategy lens

Hybrid Long-Short

A hybrid strategy that may combine equity, debt, cash, derivatives, and hedging tools depending on the scheme design.

For MF investors: This may look like a hybrid mutual fund, but the SIF structure can allow a more active implementation style and different risk behavior.

Asset-class flexibility and limits across equity, debt, cash, and derivatives.

Redemption terms, exit conditions, and whether the strategy is interval-style or open-ended.

Factsheet evidence for actual allocation, not only the category name.

Usually fits

Usually studied by investors seeking flexible allocation, but only after understanding liquidity and downside behavior.

Review carefully

A hybrid label does not automatically mean low risk or stable returns.

Same-strategy peers

Compare this SIF against similar strategy labels before moving to AMC-level judgment.

Open strategies

qsif Hybrid Long-Short Fund Magnum Hybrid Long-Short Fund Altiva Hybrid Long-Short Fund Titanium Hybrid Long-Short Fund iSIF Hybrid Long-Short Fund Arudha Hybrid Long-Short Fund RedHex Hybrid Long-Short Fund Platinum Hybrid Long-Short Fund

Mutual fund bridge

Mutual fund context if this SIF is not suitable

For Apex Hybrid Long-Short Fund, compare conventional mutual funds when the Rs. 10 lakh SIF ticket, liquidity terms, or strategy complexity is not suitable. A same-AMC option is identified where the curated universe supports it.

Not equivalent to SIF

Dynamic allocation comparison

Hybrid long-short context

13 curated MFs

For investors who need asset-allocation flexibility and lower entry ticket before deciding whether a hybrid SIF is appropriate.

Same-AMC conventional starting point

Aditya Birla Sun Life Balanced Advantage FundSame AMC

Fund-house continuity only; the mutual fund does not replicate the SIF mandate, short book, or liquidity terms.

Why compare, carefully

Compare equity-debt-gold mix, volatility control, downside participation, and tax/liquidity treatment against hybrid SIF disclosures.

Key limitation

Balanced advantage, multi-asset, and equity-savings funds cannot be treated as the same product as a hybrid long-short SIF with broader strategy permissions.

Compare using

• Equity allocation range
• Volatility versus Nifty 50 Hybrid Composite Debt 65:35 TRI
• Downside capture

Other curated peers

HDFC Balanced Advantage Fund ICICI Prudential Balanced Advantage Fund SBI Balanced Advantage Fund ICICI Prudential Multi-Asset Fund HDFC Multi-Asset Allocation Fund Kotak Equity Savings Fund+6 more

Same AMC identifies fund-house continuity only. It does not imply closer equivalence, superior suitability, or a recommendation.

Open the mutual fund section for the full category map, live NAV context, and broader peer set.

View MF alternatives

Sources and documents

Open the document behind a decision fact.

Each document is linked to the information it supports. Check its date when a current value matters to your decision.

Source ledger

6 tracked document types with source and check-date details.

ISID / offer document

Source checked

Official AMFI-hosted Apex Hybrid Long-Short Fund information document retained for launch terms and scheme evidence.

Open document

Document link checked 8 Sept 2026

Factsheet

Source checked

Current AMFI strategy summary supports the manager team, actual expenses, exit load, current risk band, and plan/option identifiers.

Open document

Document link checked 8 Sept 2026

AUM / AAUM disclosure

Source checked

Official Apex AUM resource endpoint replaces the retired March PDF route; the March 2026 fund row was independently reviewed before the route changed.

Open document

Document link checked 23 Aug 2026

NAV source

Source checked

Official AMFI Apex SIF NAV endpoint provides the daily Direct and Regular Growth and IDCW rows.

Open document

Document link checked 8 Sept 2026

Portfolio disclosure

Source located

Official Apex regulatory resources area identified; holdings commentary remains withheld until an exact current portfolio file is captured.

Open document

Document link checked 8 Sept 2026

Risk-band

Source checked

Current AMFI strategy summary reports Apex Hybrid Long-Short Fund at Risk Level 1.

Open document

Document link checked 8 Sept 2026

Open full document room Review methodology

How to proceed

Research here. Invest only through authorized channels.

elitefunds is a research and evidence interface. It does not provide recommendations, advisory services, or transaction execution.

Read process

Research first

Use elitefunds to understand the SIF universe, NAV context, strategy, documents, and source gaps.

Verify official sources

Open the AMC, factsheet, ISID, KIM, dated Risk-band, and portfolio disclosures before relying on any profile.

Proceed through authorized channels

If you choose to invest, use an authorized distributor, advisor, or official AMC channel. elitefunds does not execute transactions.

Before proceeding with this SIF

Is Apex Hybrid Long-Short Fund suitable for the role you want in the portfolio?

Have NAV freshness, liquidity terms, taxation, and dated Risk-band evidence been checked?

Has the fund manager/team evidence been verified from official documents?

Which authorized distributor, advisor, or AMC channel will handle execution if you proceed?