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Summit Equity Long Short Fund Direct Growth
NAV: 11 Aug '26
₹10.32
Min. for SIP
₹1,000
Fund size (AUM)
--
Expense ratio
0.70%
Rating
--
Min. 1st investment
₹10,00,000
Min. 2nd investment onwards
₹1,000
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
₹10,00,000
Min. for 2nd investment
₹1,000
Min. for SIP
₹1,000
Returns and rankings
Annualised returns
Absolute returns
| Name | 1M | 3M | 6M | All |
|---|---|---|---|---|
| Fund returns | -- | -- | -- | -- |
| Category average (null null) | -- | -- | -- | -- |
| Rank (null null) | -- | -- | -- | -- |
Exit load, stamp duty and tax
Exit load
Exit load of 0.50%, if redeemed within 3 months.
Stamp duty on investment: 0.005% (from July 1st, 2020)
from July 1st 2020
Tax implication
--
Compare similar funds
| Name | 1Y | 3Y | Fund Size(Cr) | |
|---|---|---|---|---|
 | +8.81% | +18.45% | 12,870.79 | |
 | +12.64% | +17.31% | 78,407.03 | |
| +10.34% | +15.84% | 14,466.52 | |
 | +3.84% | +13.59% | 41,679.00 | |
| -1.06% | +11.90% | 1,753.91 | |
| Compare | ||||
Fund management
HJHiten JainJul 2026 - PresentView details
HJ
Hiten Jain
Jul 2026 - Present
View details
About Summit Equity Long Short Fund Direct Growth
Summit Equity Long Short Fund Direct Growth is a -- Mutual Fund Scheme launched by --. This scheme was made available to investors on 12 Aug 2026. Hiten Jain is the Current Fund Manager of Summit Equity Long Short Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of NA Cr and the Latest NAV as of 11 Aug 2026 is ₹10.32.
The Summit Equity Long Short Fund Direct Growth is rated -- risk. Minimum SIP Investment is set to ₹1,000. Minimum Lumpsum Investment is ₹10,00,000. Exit load of 0.50%, if redeemed within 3 months.
;
Investment Objective
This scheme seeks to generate long-term capital appreciation by investing primarily in equity and equity-related instruments, combining directional equity investments with tactical short positions to provide risk-adjusted returns over traditional long-only strategies.
Fund benchmark--
Fund house
Rank (total assets)--
Total AUM--
Date of Incorporation--
Phone--
E-mail--
Website--
Launch Date--
Address--
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,