| Launch date | 02 Jul 2026 |
| Allotment date | 22 Jul 2026 |
| End date | 16 Jul 2026 |
| NAV | ₹10.00 |
Expense ratio, exit load and tax
Expense ratio: --
Inclusive of GST
Exit load
Exit load of 0.50%, if redeemed within 3 months.
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
--
Minimum investment amounts
| Min. for 1st investment | ₹10,00,000 |
| Min. for 2nd investment onwards | ₹1,000 |
| Min. for SIP | ₹1,000 |
Fund management
Hiten JainJul 2026 - PresentView details
Fund house & investment objective
| Rank (total assets) | -- |
|---|---|
| Total AUM | -- |
| Date of Incorporation | -- |
|---|
Summit Equity Long Short Fund Direct Growth is a -- Mutual Fund Scheme launched by --. This scheme was made available to investors on 02 Jul 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 28 Jul 2026 is ₹10.05. The Summit Equity Long Short Fund Direct Growth is rated High 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 contact details
Peer Comparison
| Fund name | Rating | 1Y | 3Y | Fund Size(Cr) |
|---|---|---|---|---|
Franklin India Mid Cap Fund Direct Growth | 2 | 3.7% | 17.9% | 12,489.74 |
Nippon India Small Cap Fund Direct Growth | 4 | 6.2% | 16.7% | 78,407.03 |
Franklin India Small Cap Fund Direct Growth | 3 | 2.4% | 15.3% | 14,336.42 |
HDFC Small Cap Fund Direct Growth | 3 | -0.3% | 12.7% | 40,416.80 |
Franklin India Technology Fund Direct Growth | -- | -9.4% | 11.5% | 1,583.05 |