Select SIF

Select Equity Ex-Top 100 Long-Short Fund - Regular Plan - Growth

AMFI scheme code SIF-190 · ISIN INF903J30065

The same long-short approach applied outside the 100 largest listed companies by market capitalisation. Excluding the top 100 puts the mandate in mid- and small-cap territory, where coverage is thinner and mispricing more common — which is the case for the strategy, and equally the reason its drawdowns can be sharper. Short exposure is capped by SEBI at 25% of net assets.

Minimum investment

₹10,00,000

Expense ratio

2.47%Total TER, Regular plan, 11 Nov 2026 · base expense cap 2.10%

Exit load

If the units are redeemed/switched out on or before 1 year from the date of allotment – 1% of the applicable NAV. If the units are redeemed/switched out after 1 year from the date of allotment – Nil. Units allotted on reinvestment of IDCWs shall not be subject to load. No exit load shall be levied in case of switch of units from Direct Plan to Regular Plan and vice versa.

Risk band

Band 5

Benchmark

Nifty MidSmallcap 400 TRI

Redemption

Daily. The Trustees reserves the right to change the Redemption frequency in future, subject to SEBI Regulations and any other law, as applicable. Notice Period: Not Applicable. The redemption or repurchase proceeds shall be dispatched to the unitholders within three working days from the date of redemption or repurchase.

Taxation

The ISID's tax table for resident investors (individuals and domestic companies/partnership firms; Nil in the hands of the Mutual Fund throughout): Tax on dividend: as per applicable slab rates. Capital gains, Equity Oriented Funds: long-term 12.5% (on gains more than Rs. 125000), short-term 20%. Capital gains, other than Equity Oriented Funds not being a Specified Mutual Fund (Hybrid Funds): long-term 12.5%, short-term 20%. Capital gains, Specified Mutual Fund (Debt Funds; a mutual fund with not more than 35% of its total proceeds invested in equity shares of domestic companies): long-term deemed short term, short-term at applicable slab rates. All rates are base rates and will be increased by applicable surcharge and cess. The ISID does not state holding periods or say which row applies to this strategy; further details are deferred to the taxation clause in the SAI.

Dividend

Growth Option and IDCW Option under both Regular and Direct Plans; the IDCW Option has Reinvestment and Payout facilities (default option: Growth; default facility: IDCW Reinvestment). The Trustee reserves the right to declare IDCW on a regular basis; declaration or payment of IDCW is not guaranteed or assured and is subject to the strategy's performance and the availability and adequacy of distributable surplus. IDCW is paid within seven working days from the record date; under the payout facility, IDCW of less than Rs. 500 (net of TDS) is reinvested.