Invesco Mutual Fund - SIF has launched a new Open Ended Growth scheme named "Summit Equity Long-Short Fund" with maturity period of 0 days from the launch date.
The New Fund Offer (NFO) price for the scheme is Rs 10.00 per unit, which will open for subscription from Jul 02 to Jul 16, 2026.
According to the offer document filed with SEBI, the entry load is Nil and exit load is 0.50.
The minimum application amount is Rs 10,00,000.00 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Growth, IDCW, IDCW-Reinvestment.
The fund manager of the scheme will be Hiten Jain, while the performance of the scheme will be benchmarked against BSE 500 Total Return.
To generate long-term capital appreciation by investing primarily in equity and equity-related instruments, combining directional equity investments with tactical short positions to provide risk-adjusted returns over traditional long-only strategies. There is no assurance that the investment objective of the Investment strategy will be achieved.