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Beyond the Top 100, opportunities can emerge early and grow rapidly. However, they may also carry higher volatility and uncertainty. A long-short strategy brings the flexibility to participate in these opportunities while actively managing market exposure and portfolio risk. This approach lies at the core of Apex Equity Ex-Top 100 Long-Short Fund.
What is Apex Equity
Ex-Top 100 Long–Short Fund?
A long-short equity strategy designed to pursue long-term capital growth by investing predominantly in companies beyond the Top 100 by market capitalisation.
The strategy seeks participation in the growth potential of the mid- and small-cap segments, while using dynamic exposure management and limited short positions through derivatives to address portfolio risk and volatility.
Ex-Top 100 Opportunities
Mid-Cap Participation
Small-Cap Participation
Dynamic Net Equity Exposure
Selective Short Exposure
Derivative Strategies
Ex-Top 100 Opportunities
Mid-Cap Participation
Small-Cap Participation
Dynamic Net Equity Exposure
Selective Short Exposure
Derivative Strategies
Why invest in Apex Equity
Ex-Top 100 Long-Short Fund?
Opportunities beyond the Top 10
Invests in mid- and small-cap opportunities with active risk management.
Specialised investment management
Managed by a team with experience across equity, derivatives and long-short strategies.
Dynamic net equity exposure & drawdown management
Adjusts position to reduce net exposure & limit drawdowns.
Derivatives as a portfolio tool
Uses derivatives for risk management, short exposure and potential yield enhancement.
Equity taxation benefit
Long-term capital gains taxed at 12.5% for holding period > 1 year.
Opportunities beyond the Top 10
Invests in mid- and small-cap opportunities with active risk management.
Specialised investment management
Managed by a team with experience across equity, derivatives and long-short strategies.
Dynamic net equity exposure & drawdown management
Adjusts position to reduce net exposure & limit drawdowns.
Derivatives as a portfolio tool
Uses derivatives for risk management, short exposure and potential yield enhancement.
Equity taxation benefit
Long-term capital gains taxed at 12.5% for holding period > 1 year.
How the Fund Works
Apex Equity Ex-Top 100 Long-Short
Core Long
Established businesses
Structural compounders
Cyclical recovery
Deep-value ideas
Opportunistic Long
Shorter-duration opportunities
Identifiable catalysts
Special Situations
Corporate actions
Select non-consensus opportunities
Ex-top 100 companies shall be all companies other than large cap companies. The Large cap companies as identified and disclosed by AMFI, shall be considered.
Regulatory Details
Investment Objective
To generate capital appreciation in long term by investing in equity and equity related securities of Ex–top 100 companies. The Investment Strategy may also invest in various derivative instruments, including short exposure through unhedged derivative positions in equity and equity related instruments. There is no assurance that the investment objective of the investment strategy will be achieved.
Fund Details
For more details. Request you to refer to ISID & KIM of the investment strategy.
Allocation Framework
65%-100%
Equity and Equity related securities of Ex Top 100 Companies
0-35%
Other equity and equity-related instruments
0-35%
Debt, cash and money market instruments
0-20%
Units Of InvIT
For more details. Request you to refer to ISID & KIM of the investment strategy.
Why does the APEX Equity Ex Top 100 Long Short Fund's strategy matter?
Fund Documents & Resources
KIM - Apex Equity Ex-Top 100 Long-Short Fund
- Date: Jul 22, 2026
ISID - Apex Equity Ex-Top 100 Long-Short Fund
- Date: Jul 22, 2026
Presentation - Apex Ex Top 100 Equity Long Short Fund
- Date: Aug 06, 2026
For additional documents and disclosures, please refer to the Regulatory Resources page.
Meet Our Investment Team
Understand The Nuances Of Different Strategies For Smarter Portfolio Decisions
Frequently Asked Questions
An equity long-short fund uses two types of positions to pursue its objective: long positions in securities it expects to appreciate, and short positions that aim to benefit when selected securities decline in value. This combination allows the fund to seek returns while managing market risk, rather than depending on rising markets alone. Apex Equity Ex-Top 100 Long- Short Fund applies this approach to the mid and small cap segment.
Traditional mid and small cap equity funds are long-only — they can gain only when their holdings appreciate. Apex Equity Ex-Top 100 Long-Short Fund invests in the same mid and small cap segment but adds the ability to take short positions through derivatives. This lets it adjust its net equity exposure as conditions change, which the strategy uses with the aim of managing the higher volatility typically associated with mid and small cap investing.
The recommended investment horizon is more than three years. Mid and small cap strategies can take time to realise their potential, and a longer horizon also allows the long-short and derivative approach to work through different market cycles.
The Apex Equity Ex-Top 100 Long-Short Fund may suit investors, including HNIs, seeking exposure to the mid and small cap segment through an actively managed, risk-aware strategy. Investors should assess their financial goals, risk appetite, and consult a financial adviser before investing.
The fund invests 65–100% in mid and small cap equities (101st–500th listed companies), up to 35% in other equity instruments, up to 35% in debt instruments, and up to 20% in InvITs. It may also use derivatives up to 100% and unhedged short positions up to 25%. For complete details, refer to the Scheme Information Document (SID)
Apex Equity Ex-Top 100 Long-Short Fund
Net Asset Value
—
Investment Horizon
Medium to Long Term
Inception Date
-
Subscription Point
Daily
Exit Load
1%, if redeemed ≤365 days. Nil thereafter
