Apex Equity Ex-Top 100 Long-Short Fund: NAV, returns, unhedged exposure and holdings
Apex Equity Ex-Top 100 Long-Short Fund is an equity ex-top 100 long-short Specialised Investment Fund from Aditya Birla Sun Life Mutual Fund. Its NAV was Rs 9.9400 on 21 October 2026, -0.70% since it launched on 1 September 2026. Unhedged derivatives: 37.21% of net assets across 42 positions. 0.00% is long (betting on a rise), 37.21% is short (betting on a fall).
Key facts
| Fund house | Aditya Birla Sun Life Mutual Fund |
|---|---|
| Brand | Apex SIF |
| Strategy | Equity Ex-Top 100 long-short |
| Plan shown | Regular, Growth |
| Launched | 1 September 2026 |
| NAV on 21 Oct 2026 | Rs 9.9400 |
| Fund size (30 Sep 2026) | Rs 250.38 crore |
| Benchmark | NIFTY 500 TRI |
| Risk band (fund house) | 3 of 5 |
| Holdings | 75 |
| Minimum investment | Rs 10 lakh per investor per fund house (SIF rule) |
Returns
| 1 month | -0.90% |
|---|---|
| Since launch (50 days) | -0.70% |
Returns are absolute and measured on the Regular plan growth NAV from AMFI up to 21 October 2026. The fund is 50 days old, so annualising would mislead.
How the money is invested
| Fixed income | 56.89% |
|---|---|
| Equity | 42.88% |
| REITs and InvITs | 0.23% |
Unhedged derivatives
Unhedged derivatives: 37.21% of net assets across 42 positions. 0.00% is long (betting on a rise), 37.21% is short (betting on a fall).
What does this mean? Derivatives are contracts whose value moves with a share or an index. A long position gains if prices rise and a short position gains if they fall. “Unhedged” means the position is not matched by a share holding in the fund.
| Position | Sector | % of net assets |
|---|---|---|
| Central Depository Services (I) Ltd. (futures) | -3.09% | |
| RBL Bank Ltd. (futures) | -1.97% | |
| UNO Minda Ltd. (futures) | -1.59% | |
| Bharat Dynamics Ltd. (futures) | -1.50% | |
| Waaree Energies Ltd. (futures) | -1.46% |
Futures the fund is not using to hedge a holding, as % of net assets: long futures, and shorts on stocks it does not hold. The AMC classes these shorts as hedges for the portfolio; they are shown because the fund does not own the stocks.
Top equity holdings
| Company | Sector | % of net assets |
|---|---|---|
| One 97 Communications Ltd. | Financial Technology (Fintech) | 2.43% |
| Honasa Consumer Ltd. | Personal Products | 2.24% |
| ICICI Prudential Life Insurance Company Ltd. | Insurance | 1.97% |
| Aditya Infotech Ltd. | Industrial Manufacturing | 1.54% |
| Coforge Ltd. | IT – Software | 1.49% |
| Info Edge (India) Ltd. | Retailing | 1.47% |
| Indian Bank | Banks | 1.45% |
| FSN E-Commerce Ventures Ltd. | Retailing | 1.40% |
| GE Vernova T&D India Ltd. | Electrical Equipment | 1.36% |
| Computer Age Management Services Ltd. | Capital Markets | 1.33% |
Top debt holdings
| Security | Rating | % of net assets |
|---|---|---|
| 91 DAY T-BILL 10.12.26 | Sovereign | 4.94% |
| 182 DAY T-BILL 08.10.26 | Sovereign | 3.99% |
| 91 DAY T-BILL 08.10.26 | Sovereign | 3.99% |
| 364 DAY T-BILL 06.11.26 | Sovereign | 3.97% |
| 91 DAY T-BILL 22.10.26 | Sovereign | 1.99% |
Sector mix
Retailing 4.7%, Finance 3.6%, Insurance 3.4%, Banks 3.1%, Electrical Equipment 3.0%, Other sectors 25.3%.
Frequently asked questions
What is Apex Equity Ex-Top 100 Long-Short Fund?
Apex Equity Ex-Top 100 Long-Short Fund is a Specialised Investment Fund (SIF) from Aditya Birla Sun Life Mutual Fund. It follows an equity ex-top 100 long-short strategy, which means it can hold shares it expects to rise and take short positions through derivatives. It launched on 1 September 2026.
What is the minimum investment?
SIFs need at least Rs 10 lakh per investor per fund house, across that fund house’s SIF strategies. Check the scheme’s offer documents for any further rules.
How has Apex Equity Ex-Top 100 Long-Short Fund performed?
On 21 October 2026 the NAV was Rs 9.9400, a change of -0.70% since launch 50 days earlier. This is a short record, so it says little about how the fund behaves over a full market cycle. Past returns do not predict future returns.
Does the fund hold unhedged derivatives?
Yes. Unhedged derivatives: 37.21% of net assets across 42 positions. 0.00% is long (betting on a rise), 37.21% is short (betting on a fall).
Where does this data come from?
NAV comes from AMFI. Portfolio data comes from the fund house’s monthly disclosure for 30 September 2026 (Aditya Birla Sun Life Mutual Fund monthly portfolio disclosure). We check it daily and note the date on every figure.
Compare and explore
Other Apex SIF funds
Other equity ex-top 100 long-short funds
- qsif Equity Ex-Top 100 Long-Short Fund
- iSIF Equity Ex-Top 100 Long-Short Fund
- WSIF Equity Ex-Top 100 Long-Short Fund
- Altiva Equity Ex-Top 100 Long-Short Fund
- DynaSIF Equity Ex-Top 100 Long-Short Fund
Data as of 30 September 2026 (portfolio) and 21 October 2026 (NAV). Sources: AMFI and Aditya Birla Sun Life Mutual Fund monthly disclosures. This page is information, not advice, and no return is promised. Ashish Jain, AMFI-registered mutual fund distributor, ARN-294841. Mutual fund investments are subject to market risks; read all scheme related documents carefully.