Apex Hybrid Long-Short Fund: NAV, returns, unhedged exposure and holdings
Apex Hybrid Long-Short Fund is a hybrid long-short Specialised Investment Fund from Aditya Birla Sun Life Mutual Fund. Its NAV was Rs 10.7185 on 21 October 2026, +6.97% since it launched on 30 March 2026. Unhedged derivatives: 4.77% of net assets across 3 positions. 4.77% is long (betting on a rise), 0.00% is short (betting on a fall).
Key facts
| Fund house | Aditya Birla Sun Life Mutual Fund |
|---|---|
| Brand | Apex SIF |
| Strategy | Hybrid long-short |
| Plan shown | Regular, Growth |
| Launched | 30 March 2026 |
| NAV on 21 Oct 2026 | Rs 10.7185 |
| Fund size (30 Sep 2026) | Rs 353.87 crore |
| Benchmark | Nifty 50 Hybrid Composite Debt 50:50 Index |
| Risk band (fund house) | 1 of 5 |
| Holdings | 99 |
| Minimum investment | Rs 10 lakh per investor per fund house (SIF rule) |
Returns
| 1 month | +0.03% |
|---|---|
| 3 months | +3.64% |
| 6 months | +6.33% |
| Since launch (205 days) | +6.97% |
Returns are absolute and measured on the Regular plan growth NAV from AMFI up to 21 October 2026. The fund is 205 days old, so annualising would mislead.
How the money is invested
| Arbitrage and covered calls | 34.97% |
|---|---|
| Fixed income | 56.74% |
| REITs and InvITs | 2.79% |
| Special situations | 5.50% |
Unhedged derivatives
Unhedged derivatives: 4.77% of net assets across 3 positions. 4.77% is long (betting on a rise), 0.00% 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 |
|---|---|---|
| Nifty 50 Index (option spreads, net) | +4.16% | |
| Varun Beverages Ltd. (options) | Beverages | +0.32% |
| LTM Ltd. (futures) | IT – Software | +0.29% |
Futures and options the fund is not using to hedge a holding, as % of net assets, at full market exposure. Nifty options are bought and sold in matching pairs (spreads), shown net. Apex reports net market sensitivity of 13-15% in September.
Top equity holdings
| Company | Sector | % of net assets |
|---|---|---|
| Knowledge Realty Trust | REIT | 1.02% |
| INDO-MIM Ltd. | Industrial Manufacturing | 0.75% |
| Cube Highways Trust | InvIT | 0.58% |
| Tempsens Instruments (India) Ltd. | Industrial Manufacturing | 0.55% |
| Whirlpool of India Ltd. | Consumer Durables | 0.50% |
| Embassy Office Parks REIT | REIT | 0.50% |
| Indus Infra Trust | InvIT | 0.46% |
| National Stock Exchange of India Ltd. | Capital Markets | 0.38% |
| Moneyview Ltd. | Finance | 0.31% |
| Meesho Ltd. | Retailing | 0.28% |
Top debt holdings
| Security | Rating | % of net assets |
|---|---|---|
| 7.38% REC Ltd. (28/02/2029) | ICRA AAA | 7.01% |
| 6.85% National Bank for Agriculture and Rural Development (19/01/2029) | ICRA AAA | 6.92% |
| 91 DAY T-BILL 29.10.26 | Sovereign | 2.81% |
| 364 DAY T-BILL 03.12.26 | Sovereign | 2.80% |
| 7.62% National Bank for Agriculture and Rural Development (31/01/2028) | ICRA AAA | 1.41% |
Sector mix
Banks 9.9%, Fertilizers & Agrochemicals 5.2%, Petroleum Products 3.2%, Retailing 3.0%, IT – Software 2.6%, Other sectors 17.7%.
Frequently asked questions
What is Apex Hybrid Long-Short Fund?
Apex Hybrid Long-Short Fund is a Specialised Investment Fund (SIF) from Aditya Birla Sun Life Mutual Fund. It follows a hybrid long-short strategy, which means it can hold shares it expects to rise and take short positions through derivatives. It launched on 30 March 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 Hybrid Long-Short Fund performed?
On 21 October 2026 the NAV was Rs 10.7185, a change of +6.97% since launch 205 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: 4.77% of net assets across 3 positions. 4.77% is long (betting on a rise), 0.00% 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 hybrid long-short funds
- qsif Hybrid Long-Short Fund
- Altiva Hybrid Long-Short Fund
- Magnum Hybrid Long-Short Fund
- Titanium Hybrid Long-Short Fund
- Arudha Hybrid 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.