Conventional long-only funds can make money when stock prices go up. However, return generation within markets is inherently non-linear and characterized by periodic dislocations. Every year, multiple stocks fall in value due to overvaluation, sector headwinds etc. Even within positive market environments, a notable proportion of stocks have delivered negative returns despite broader index gains.
These inefficiencies create a compelling opportunity for strategies that can actively capture both directional upside (through long positions) and tactical downside opportunities (through short positions via derivatives).
Summit Equity Long-Short Fund aims to deliver risk-adjusted returns across market conditions by constructing a fundamentally driven long portfolio through rigorous bottom-up stock selection. Additionally, the fund will employ tactical short positions in stocks anticipated to underperform. It thus maintains the flexibility to take both long and short exposures, enabling it to effectively capitalize on market volatility and evolving opportunities.
Limitations of Long-Only StrategiesLong-only strategies can only profit from rising stocks as they cannot generate returns by taking naked short positions in falling stocks |
Summit Equity Long-Short FundDirectional equity + tactical short positions via derivatives
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Flexicap strategy with a tactical shorting edge
Stocks for the long book are selected from our categorized stock universe, applying rigorous fundamental bottom-up analysis.
Preference for high growth, high quality companies within the categorization framework.
No sector bias. Investment Strategy will follow a mix of top down and bottom-up approach.
Investment Strategy will dynamically manage the market cap allocation basis risk-reward opportunities.
Stock futures, Nifty/sector index futures, options, near-month and monthly contracts chosen for optimal liquidity and margin usage.
Fundamental factors such as earnings downgrades & overvaluation, deteriorating balance sheet, cyclical slowdown etc.
A quantitative overlay helps in guiding weak market trends.
Hear directly from our Fund Manager
| Fund Managers | Hiten Jain | ||||||||||||||||||||||||||||||||||||
| 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. |
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| For Systematic Investment Plan (SIP): | |||||||||||||||||||||||||||||||||||||
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| Benchmark | BSE 500 TRI | |
| Load Structure |
For each purchase of units through Lumpsum / Switch-in / Systematic Investment Plan (SIP), Systematic Transfer Plan (STP), exit load will be as follows:
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#Exit Load charged, if any, will be credited back to the scheme, 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 |
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This product is suitable for investors who are seeking:
*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.
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.
