Latest NAV
₹10.0600
Regular · Growth
1M Return
+0.40%
3M Return
—
Since Inception
+0.40%
TER (Regular)
2.15%
Max 2.25% equity
Min Investment
₹10 L
₹1L accredited
Live NAV data · Source: AMFI NAV API (post-allotment).
Trailing returns
1M
+0.40%
3M
—
Since Inception
+0.40%
Benchmark
—
Category Avg
—
Alpha vs BM
—
NAV (Direct)
—
Performance track record not yet available — this is a new investment strategy.
🛡️ ALPHA SHIELD ANALYSIS
March 2026 Market Crash
Apex launched after March 2026. Alpha Shield Score will be calculated during the next major market movement.
Investment objective
An interval investment strategy investing in arbitrage, long equity, debt, equity and debt derivatives, long short and REITs/InvITs including limited short exposure on permitted instruments through derivatives. Benchmarked to the Nifty 50 Hybrid Composite Debt 50:50 Index. There is no assurance that the investment objective will be achieved.
Strategy & allocation
Apex is Aditya Birla Sun Life AMC's entry into the SIF hybrid long-short category. The construct combines an income anchor (arbitrage + fixed income, up to ~65% each) with a derivatives overlay (covered calls, straddles, put protection) and tactical alpha from special situations (IPOs, buybacks, open offers, delistings, merger/demerger arbitrage). Net equity exposure is sized dynamically through an in-house equity valuation model, with unhedged short capped at 25% of net assets.
Taxation at investor level: STCG slab rate on ≤12 months, LTCG 12.5% (without indexation) on >12 months — listing on NSE qualifies units as long-term capital assets after 12 months.
Strategy pillars
Income Anchor — Debt & Arbitrage
Stability and predictable income via cash-future arbitrage, covered calls and high-quality fixed income (0–3Y duration).
Derivatives Overlay
Covered calls, straddles/strangles, put protection to enhance returns and hedge directional risk. Unhedged short ≤25%.
Tactical Alpha
Event-driven gains from special situations — IPO, buyback, open offer, rights issue, delisting, merger/demerger arbitrage.
Dynamic Equity Allocation
Directional equity + special situations 0–40%, sized through an in-house equity valuation model. Adapts to market regime.
Risk Control
Call/Put option protection on drawdowns. 100% gross exposure cap, 25% unhedged short cap, single-issuer debt limits.
Investor suitability
Suitable for
- ✓ Investors with ≥₹10L surplus seeking hybrid exposure
- ✓ Low-vol, bond-plus return profile
- ✓ Post-tax LTCG 12.5% (after 12M) seekers
- ✓ 18+ month horizon, comfortable with Mon/Wed redemption
Not suitable for
- ✗ Guaranteed return seekers
- ✗ Investors needing daily liquidity
- ✗ Below ₹10L investable surplus (non-accredited)
- ✗ Short-term traders chasing directional equity
Fund management team
Lovelish Solanki
Fund Manager — Equity
Mohit Sharma
Senior Fund Manager — Debt