Closed 26 Oct 2026 SUMMIT SIF · SIF · Active Asset Allocator Long-Short
Summit Active Asset Allocator Long-Short Fund is a new scheme from SUMMIT SIF, in the SIF · Active Asset Allocator Long-Short category. Its new fund offer ran from 12 Oct 2026 to 26 Oct 2026. The minimum investment is ₹10,00,000. Units were offered at ₹10 each during the offer.
| Fund house | SUMMIT SIF |
|---|---|
| Category | SIF · Active Asset Allocator Long-Short |
| Scheme type | Interval Fund |
| NFO opens | 12 Oct 2026 |
| NFO closes | 26 Oct 2026 |
| Offer price | ₹10 per unit |
| Minimum investment | 10,00,000 and in multiples of Re. 1 thereafter. |
| 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 |
To generate income by actively seeking arbitrage opportunities and investing across multiple asset classes, such as equity & equity related instruments, fixed income instruments and commodity derivatives, while taking limited short exposure on permitted instruments through derivatives to optimize returns and manage risk. There is no assurance that the investment objective of the Investment strategy will be achieved.
Quoted from the scheme's own document. An objective is what the scheme intends to do, not what it will achieve.
A new scheme is sold at a fixed price during its offer — here ₹10 a unit — and at its daily NAV afterwards. That fixed price is not a discount: it buys a proportionally smaller share of the same portfolio. What a new scheme genuinely lacks is a record of its own, so there is no return, no drawdown and no expense history to read yet; the objective above and the scheme information document are what exist.
Once this scheme is running you will find its NAV and performance in the Fund Explorer, and you can replay a hypothetical SIP in it with What your SIP actually did.
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