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Summit Active Asset Allocator Long-Short Fund
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Understanding Specialized Investment Funds (SIFs)

Specialized Investment Funds (SIFs) are a new investment category introduced by SEBI, designed for investors seeking access to a broader investment universe and more sophisticated investment approaches.

Introducing

Summit Active Asset Allocator Long-Short Fund

A multi-asset arbitrage strategy designed to seek higher return potential than conventional arbitrage while maintaining low volatility.

Capture diverse arbitrage opportunities across asset classes

Relies on a core arbitrage strategy to anchor the portfolio

Deploys tactical arbitrage to capture additional opportunities

Aims for potential higher returns than conventional arbitrage

A multi-asset arbitrage strategy designed to capture pricing inefficiencies across multiple markets through predominantly hedged positions.

Our Investment Approach

Investment Approach

Who should invest?

Experienced investors looking for

Short-term parking solution
Low volatility
Favourable taxation*
Disclaimer: Based on current views and is subject to change from time to time. This is an indicative and not exhaustive list of sub-strategies that the investment strategy intends to follow.
*In view of individual nature of tax consequences, each investor is advised to consult his/her own professional tax advisor.

Knowledge base

Your 6–12 Month Parking Solution | Summit Active Asset Allocator Long-Short Fund

What Is Arbitrage and Types of Arbitrages

What Is Arbitrage and Types of Arbitrages

The strength of a Multi-Arbitrage Approach.

The strength of a Multi-Arbitrage Approach.

Summit Active Asset Allocator Long-Short Fund - The Strength of a Multi-Arbitrage Approach

Key Terms

Fund Manager Deepak Gupta
Minimum Application Amount (During NFO and ongoing basis)   Lumpsum: ₹10,00,000/- per application and in multiples of ₹1 thereafter.
₹1,00,000/- per application and in multiples of ₹1 thereafter for Accredited Investors.
For Systematic Investment Plan (SIP):
Options Daily Weekly Monthly Quarterly
Minimum Installments 12 12 12 4
Minimum Amount ₹1000 ₹1000 ₹1000 ₹1000
And in multiples of ₹1 thereafter
Note: The Minimum Investment Threshold of ₹10 lakh shall apply exclusively to investments under Summit SIF including systemic transactions, and shall not include investments made by the investor in the Schemes of Invesco Mutual Fund.
Benchmark 40% Nifty 500 TRI + 40% CRISIL Short Term Bond Fund Index + 20% iCOMDEX Composite Index
Exit Load^ For each purchase of units through Lumpsum / Switch-in / Systematic Investment Plan (SIP)/ Systematic Transfer Plan (STP), exit load will be as follows:
  • if units are redeemed/switched out on or before 30 days from the date of allotment: 0.50%
  • if units are redeemed/switched-out after 30 days, but on or before 60 days from the date of allotment: 0.25%
  • if units are redeemed/switched-out after 60 days, Switch between the Plans under the Investment Strategy: Nil
^Exit Load charged, if any, will be credited back to the investment strategy, net of Goods & Services Tax.
Note: Systemic transactions are subject to maintaining a minimum investment threshold of ₹10,00,000 across all investment strategies of Summit SIF.

Downloads

Brochure Product Presentation KIM & Application Form ISID

FAQs

It is interval investment strategy dynamically investing across equity, debt, equity and debt derivatives, InVITs and commodity derivatives, including limited short exposure on permitted instruments through derivatives.

The strategy seeks to capture arbitrage opportunities across multiple asset classes through predominantly hedged positions, with a focus on identifying pricing inefficiencies across markets.

The strategy may invest across multiple arbitrage opportunities, including:

Plain Arbitrage Special Situations Arbitrage Synthetic Arbitrage Commodity Arbitrage Index Arbitrage Debt & Margin Float

The strategy may be considered by investors with an investment horizon of 6 months and above, subject to their financial goals and risk profile.

The minimum investment threshold is ₹10 lakh.

Summit Active Asset Allocator Long-Short Fund
(An interval investment strategy dynamically investing across equity, debt, equity and debt derivatives, InVITs and commodity derivatives, including limited short exposure on permitted instruments through derivatives)
Scrip Code: (Scrip code for NSE will be added after listing of units).

This product is suitable for investors who are seeking:.

  • Income over medium-term.
  • Investments across equity & equity related instruments, fixed income instruments, commodity derivatives, and arbitrage opportunities, while taking limited short exposure on permitted instruments through derivatives.

*The Risk Band has been as specified by AMFI.

Note: The above product labelling assigned during the New Fund Offer (NFO) is based on internal assessment of the characteristics of the investment strategy or model portfolio and the same may vary post NFO when the actual investments are made.

Fund Risk Band Benchmark Risk Band

Investments in Specialized Investment Fund involves relatively higher risk including potential loss of capital, liquidity risk and market volatility. Please read all investment strategy related documents carefully before making the investment decision.

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