Apex

Specialised Investment Fund

Aditya Birla Sun Life Mutual Fund

Apex Hybrid Long-Short Fund

Regular PlanHybridRisk band Level 1 (Lowest)

Benchmark NIFTY 50 Hybrid Composite Debt 50:50 Index (TRI)

Apex Hybrid Long-Short Fund (Aditya Birla Sun Life Mutual Fund) is a Hybrid Long-Short SIF with AUM of ₹354 Cr. As of 23 Oct 2026, its NAV is ₹10.67, with returns of -0.7% (1M), +3.5% (3M) and +6.5% since inception. Risk band Level 1 (Lowest).

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Latest NAV

▼ 0.12%
₹10.67

-0.0133 since previous close

High · 3M

₹10.75

Low · 3M

₹10.36

AUM

₹353.87 Cr

Inception

Jan 06, 2026

Expense Ratio

1.41%

OverviewPerformanceRiskFeesFund ManagerDocuments
01

Overview

About the Fund

“

Investment Objective

APEX Hybrid Long-Short Fund is a Hybrid Long-Short Specialised Investment Fund (SIF) from Aditya Birla Sun Life AMC, designed to combine multiple investment strategies within a single portfolio. The strategy brings together equity, fixed income, arbitrage, derivatives and special situations to pursue long-term capital appreciation across different market environments. The fund uses a flexible investment approach, with derivatives serving as a tool for arbitrage, hedging and managing market exposure. Its special-situations strategy can participate in opportunities arising from IPOs, buybacks, open offers, QIPs, mergers, demergers and other corporate actions.

Benchmarked againstNIFTY 50 Hybrid Composite Debt 50:50 Index (TRI)
AMCAditya Birla Sun Life Mutual Fund
StrategyHybrid
InceptionJan 06, 2026
RedemptionInterval (defined windows)
02

Performance

Performance & Return Drivers

NAV History · 3M

+3.07%3M · NAV return

View as table
Recent NAV history for Apex Hybrid Long-Short Fund - Regular - Growth
DateNAV (₹)
23 Oct 202610.6742
22 Oct 202610.6875
21 Oct 202610.7185
19 Oct 202610.7309
16 Oct 202610.7527
15 Oct 202610.7406
14 Oct 202610.7370
13 Oct 202610.7416
12 Oct 202610.7305
09 Oct 202610.7274
08 Oct 202610.7074
07 Oct 202610.7458
06 Oct 202610.7438
05 Oct 202610.7242
01 Oct 202610.7051
30 Sep 202610.7182
29 Sep 202610.7128
28 Sep 202610.7283
25 Sep 202610.7403
24 Sep 202610.7419
23 Sep 202610.7447
22 Sep 202610.7225
21 Sep 202610.7157
18 Sep 202610.7054
17 Sep 202610.6868
16 Sep 202610.6767
15 Sep 202610.6763
11 Sep 202610.7027
10 Sep 202610.7298
09 Sep 202610.7219
08 Sep 202610.7236
07 Sep 202610.7213
04 Sep 202610.7271
03 Sep 202610.7283
02 Sep 202610.7224
01 Sep 202610.7224
31 Aug 202610.7390
28 Aug 202610.7391
27 Aug 202610.6585
26 Aug 202610.6645
25 Aug 202610.6690
24 Aug 202610.6538
21 Aug 202610.6497
20 Aug 202610.6600
19 Aug 202610.6623
18 Aug 202610.6524
17 Aug 202610.6358
14 Aug 202610.6317
13 Aug 202610.6260
12 Aug 202610.6190
11 Aug 202610.6195
10 Aug 202610.6263
07 Aug 202610.6331
06 Aug 202610.6322
05 Aug 202610.6075
04 Aug 202610.5922
03 Aug 202610.5710
31 Jul 202610.5300
30 Jul 202610.4916
29 Jul 202610.3851

Fund Return · 3M

+3.07%

3M · NAV return

Alpha over Benchmark

—

vs NIFTY 50 Hybrid Composite Debt 50:50 Index

Volatility Σ

+3.39%

annualised std dev

Max Drawdown

-0.73%

peak-to-trough · 3M

04

Risk

Risk Profile, Exposure Limits & Fund Managers

Risk band Level 1 (Lowest)SEBI scale · 1 Lowest, 5 Highest
Level 1Level 2Level 3Level 4Level 5
Equity Allocation0%–75%
0%25%50%75%100%
Debt Allocation0%–100%
0%25%50%75%100%
Commodity Allocation—
Derivative Exposure MaxUp to 100% of net assets
0%25%50%75%100%
Unhedged Short Max0%–25%
0%25%50%75%100%

Who Manages This Fund

Lovelish Solanki

Fund Manager

Lovelish Solanki

Lead FM, Overall Strategy, Equity & Derivatives

Experience

19+ years of experience spanning equity and debt fund management, research, equity/F&O trading and arbitrage strategies; earlier at Union KBC Asset Management and Edelweiss Asset Management, managing arbitrage funds

Aditya Birla Sun Life AMC since 2014

Qualifications

Master's in Management Studies (Finance); CMT Level 1

Mohit Sharma

Fund Manager

Mohit Sharma

Senior Fund Manager, Fixed Income & Risk Management

Experience

19+ years of professional experience, including ~11 years in financial markets — interest-rate trading, fixed income and investment risk management; earlier at Standard Chartered Bank, ICICI Bank and Irevna (a CRISIL subsidiary)

Aditya Birla Sun Life AMC since 2015

Qualifications

Engineering, IIT Madras; Management Studies, IIM Calcutta

Rohit Karan

Fund Manager

Rohit Karan

Fund Manager, Equity Long—Short, Options & Fixed Income

Experience

16+ years in fund management & trading across equity long-short strategies, options and fixed income portfolios; previously Senior Portfolio Manager at Tara Capital Partners and ICICI Prudential AMC (Alternates)

Qualifications

PGDM, IIM Ahmedabad; B.Tech, IIT Kanpur

05

Fees & Plan

Fees, Minimums & Redemption

Minimum Investment

₹10,00,000

SEBI-mandated SIF threshold

Expense Ratio

1.41%

Excl. brokerage, transaction cost & statutory levies

Exit Load

0.50% if redeemed ≤90 days; Nil after 90 days

Redemption

Interval (defined windows)

Why a ₹10 lakh minimum?

SEBI set this threshold for investors who understand complex strategies. It applies across all SIF strategies at one fund house, not per fund.

Can I redeem anytime?

Equity long-short SIFs offer daily redemption. Hybrid long-short SIFs are interval funds — redemption is only on specific windows, as set out above.

How is a SIF taxed?

Like mutual funds, a SIF is taxed only when you redeem — there is no annual capital-gains event as with PMS or AIF structures.

06

Documents

Factsheets & Disclosures

No factsheets published for this strategy yet.

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