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Summit Active Asset Allocator Long Short Fund Direct Growth
NAV: 12 Oct '26
₹10.00
Min. for SIP
₹1,000
Fund size (AUM)
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Expense ratio
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Rating
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Min. 1st investment
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Min. 2nd investment onwards
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About SIFs
Specialised Investment Funds (SIFs) are a SEBI-regulated category of mutual funds. They offer fund managers greater flexibility than traditional mutual funds, including the ability to run more concentrated and strategy-driven portfolios across equity, debt, or hybrid strategies. Know more
Purchase rules
Investment amount should be ₹10 lakh per investor across all SIF schemes of an AMC
Redemption rules
Redemption terms depend on the specific SIF strategy and may include restricted redemption for certain intervals
Minimum investments
Min. for 1st investment
--
Min. for 2nd investment
--
Min. for SIP
₹1,000
Returns and rankings
| Name | 1M | 3M | 6M | All |
|---|---|---|---|---|
| Fund returns | -- | -- | -- | -- |
| Category average (Hybrid Active Asset Allocator Long-Short) | -- | -- | -- | -- |
| Rank (Hybrid Active Asset Allocator Long-Short) | -- | -- | -- | -- |
Exit load, stamp duty and tax
Exit load
Exit load of 0.50% if redeemed within 30 days and 0.25% if redeemed after 30 days but on or before 60 days.
Stamp duty on investment: 0.005% (from July 1st, 2020)
from July 1st 2020
Tax implication
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Fund management
About Summit Active Asset Allocator Long Short Fund Direct Growth
Summit Active Asset Allocator Long Short Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by Invesco Mutual Fund. This scheme was made available to investors on 24 Jul 2006. Deepak Gupta is the Current Fund Manager of Summit Active Asset Allocator Long Short Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹1,64,284 Cr and the Latest NAV as of 12 Oct 2026 is ₹10.00.
The Summit Active Asset Allocator Long Short Fund Direct Growth is rated -- risk. Minimum SIP Investment is set to ₹1,000. Exit load of 0.50% if redeemed within 30 days and 0.25% if redeemed after 30 days but on or before 60 days.
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Investment Objective
This scheme seeks to generate income by actively seeking arbitrage opportunities and investing across multiple asset classes, such as equity & equity related instruments, fixed income instruments and commodity derivatives, while taking limited short exposure on permitted instruments through derivatives to optimize returns and manage risk.;
Fund benchmark--
Fund house
Rank (total assets)#16 in India
Total AUM₹1,64,283.60 Cr
Date of Incorporation24 Jul 2006
Launch Date24 Jul 2006
AddressB-1001, B Wing, 10th Floor, Marathon Futurex,N. M. Joshi Marg, Lower Parel,Mumbai, Maharashtra Mumbai 400013
CustodianDeutsche Bank
Registrar & Transfer AgentKFin Tech
Email--
Websitewww.karvymfs.com
AddressKarvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,