Summit SIF

Summit Equity Long-Short Fund - Regular Plan - Growth

AMFI scheme code SIF-150 · ISIN INF205K30014

A predominantly equity mandate that holds long positions in stocks it expects to appreciate while taking limited short exposure, through derivatives, against those it expects to fall. The short leg is capped by SEBI at 25% of net assets, so the strategy is directional rather than market-neutral: it aims to add return and damp drawdowns, not to remove market exposure.

Minimum investment

₹10,00,000

Expense ratio

3.31%Total TER, Regular plan, 12 Nov 2026 · base expense cap 2.10%

Exit load

0.50% if redeemed/switched out on or before 3 months from date of allotment; Nil if redeemed after 3 months

Risk band

Band 5

Benchmark

BSE 500 TRI

Redemption

Daily (at applicable NAV)

Taxation

LTCG (holding >12 months): 12.5% (no indexation), Rs.1,25,000 annual exemption; STCG (holding <=12 months): 20%; same rates apply to FPIs; Dividend/IDCW taxed at investor's applicable slab/flat rate (20% for FPI); STT applies on equity transactions (0.001%-0.1% depending on transaction type)

Dividend

Growth Option and Income Distribution cum Capital Withdrawal (IDCW) Option available under both Regular and Direct Plans; IDCW sub-options are IDCW Reinvestment and IDCW Payout. Default Option is Growth; default IDCW sub-option is IDCW Reinvestment. An IDCW payout of Rs 100 or less is compulsorily reinvested. IDCW dispatched within 7 working days from the record date. (This scheme is the Regular Plan - Growth option.)

Summit Active Asset Allocator Long-Short Fund - Regular Plan - Growth

AMFI scheme code SIF-177 · ISIN INF205K30071

A mandate that moves actively across asset classes — equity, debt, and where permitted REITs, InvITs and commodity exposure — rather than holding a fixed split, with limited short exposure through derivatives. The allocation decision itself is the strategy, so returns track the manager's judgement on which asset class to hold and when. Short exposure is capped by SEBI at 25% of net assets.

Minimum investment

₹10,00,000

Expense ratio

1.17%Total TER, Regular plan, 12 Nov 2026 · base expense cap 2.10%

Exit load

For each purchase of units through Lumpsum / switch-in / Systematic Investment Plan (SIP), Systematic Transfer Plan (STP), exit load will be as follows: if units are redeemed/switched out on or before 30 days from the date of allotment: 0.50%; if units are redeemed/switched-out after 30 days, but on or before 60 days from the date of allotment: 0.25%; if units are redeemed/switched-out after 60 days: Nil; Switch between the Plans under the Investment Strategy: Nil. No Exit Load will be levied on Units issued on IDCW reinvested.

Risk band

Band 1

Benchmark

40% Nifty 500 TRI + 40% CRISIL Short Term Bond Fund Index + 20% iCOMDEX Composite Index

Redemption

Twice a week (Every Monday and Every Wednesday) at applicable NAV. In case Monday or Wednesday falls on a non-business day, then the immediately succeeding business day will be considered. Under normal circumstances, the AMC will transfer redemption or repurchase proceeds within 3 Business Days from the date of acceptance of redemption or repurchase requests. At present there is no notice period, however AMC may implement notice period for redemption from the investment strategy; maximum duration of notice period shall not exceed 15 working days.

Taxation

Tax rates in the hands of investors, plus applicable surcharge and Health & Education cess: Dividend (IDCW) - applicable slab rate/flat rate for residents/non-residents (other than FPI), 20% for FPIs, Nil for a Mutual Fund/SIF as investor; dividend is subject to TDS at 10% for resident investors (subject to a threshold of Rs 10,000 per annum) and 20% for non-resident investors (without threshold). Long Term Capital Gain (holding period more than 12 months): 12.5% (no indexation) for residents/non-residents and for FPIs, with an exemption of Rs 1,25,000 in a financial year under section 198 of the Income-tax Act, 2025 (gain across all holdings in equity oriented funds and listed equity shares). Short Term Capital Gain (holding period upto 12 months): 20% for residents/non-residents and for FPIs. STT of 0.001% on sale of units of an Equity Oriented SIF (delivery based), payable by the seller. The income of the Mutual Fund/SIF itself is exempt from income tax. Further details deferred to the Summit SIF SAI.

Dividend

Growth Option and Income Distribution cum Capital Withdrawal (IDCW) Option under both Regular and Direct Plans; IDCW sub-options are IDCW Reinvestment and IDCW Payout. Default option is Growth; default IDCW sub-option is IDCW Reinvestment. If IDCW payable under the IDCW Payout option is equal to or less than Rs 100, the IDCW is compulsorily reinvested. Under the IDCW option, the Trustees will endeavor to declare the IDCW, subject to availability of distributable surplus; there is no assurance or guarantee as to the rate of IDCW nor that the IDCW will be paid regularly. IDCW is transferred within 7 working days from the record date. (This scheme is the Regular Plan - Growth option.)