Apex Equity Long Short Fund

Built For Every
Market Terrain

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Equity markets move through changing terrain. Markets rise, decline or move sideways. Each environment presents a different mix of opportunities and risks. The Apex Equity Long-Short Fund is designed to navigate these shifts by combining a portfolio of long-term equity ideas with selective short positions through derivatives. The strategy seeks long-term capital appreciation while actively managing market exposure and portfolio volatility across market cycles.

What is Apex SIF
Equity Long-Short Fund?

The Apex Equity Long-Short Fund is an actively managed equity strategy that can invest in companies expected to perform well and take selective short positions in companies where the opportunity arises. This allows the fund to look for opportunities beyond a conventional long-only approach. The objective is to participate in long-term equity growth while managing risk more actively across market cycles.

Core Long Portfolio

Opportunistic Long Ideas

Special Situations

Selective Short Exposure

Dynamic Net Equity Exposure

Derivative Strategies

Core Long Portfolio

Opportunistic Long Ideas

Special Situations

Selective Short Exposure

Dynamic Net Equity Exposure

Derivative Strategies

Why invest in Apex
Equity Long-Short Fund?

Participate in potential equity opportunities

The fund seeks to invest in quality businesses with the potential to create value over the long term.

Benefit from greater flexibility

Unlike a traditional long-only fund, the strategy can use derivatives to take selective short positions, hedge risks.

Equity taxation benefit

Long-term capital gains (holding period > 1 year) are taxed at 12.5% plus applicable surcharge & cess

Manage downside more actively

The fund can reduce its net equity exposure when the investment team sees higher market risk.

Access specialised investment expertise

The strategy is managed by professionals with experience across equities, derivatives and long-short investing.

Participate in potential equity opportunities

The fund seeks to invest in quality businesses with the potential to create value over the long term.

Benefit from greater flexibility

Unlike a traditional long-only fund, the strategy can use derivatives to take selective short positions, hedge risks.

Equity taxation benefit

Long-term capital gains (holding period > 1 year) are taxed at 12.5% plus applicable surcharge & cess

Manage downside more actively

The fund can reduce its net equity exposure when the investment team sees higher market risk.

Access specialised investment expertise

The strategy is managed by professionals with experience across equities, derivatives and long-short investing.

How the Fund Works

Apex Equity Long-Short

Core Long

Benchmark leaders

Structural compounders

Cyclical recovery

Deep-value ideas

Opportunistic Long

Shorter-duration opportunities

Identifiable catalysts

Special Situations

Corporate actions

Select non-consensus opportunities

Regulatory Details

Investment Objective

The Investment strategy seeks to generate long-term capital appreciation by investing in a diversified portfolio of equity and equity-related instruments, including limited short exposure through derivatives. There is no assurance that the investment objective of the Investment strategy will be achieved.

Fund Details

Fund Documents & Resources

KIM - Apex Equity Long-Short Fund

Date: Jul 22, 2026

ISID - Apex Equity Long-Short Fund

Date: Jul 22, 2026

Presentation - Apex Equity Long-Short Fund

Date: Aug 06, 2026

For additional documents and disclosures, please refer to the Regulatory Resources page.

Meet Our Investment Team

Manish Gupta

Senior Fund Manager

21+ Years of Experience

Mr. Manish Gupta has over 21 years of experience, with deep expertise in the Indian equity market and a specialization in long short equity strategies. Prior to joining ABSLAMC, he has worked across global hedge funds, Indian proprietary funds, and global brokerage houses, including Millennium Singapore, Polymer Capital Hong Kong, and Kotak Securities.

Roles & Responsibilities with respect to Risk Management

Manage investment risk of managed scheme(s). i.e., market risk, liquidity risk, credit risk and other scheme specific risks within approved limits
Ensure adherence to relevant SEBI guidelines in respect of RMF and relevant principles thereunder including risk identification, risk management, reporting and corrective actions etc., SID, internal & Regulatory limits
Ensure adherence of applicable provisions of Mutual Funds Regulations including Code of Conduct per Schedule V B
Adhere to the risk appetite framework of the schemes to maintain appropriate risk level for schemes.
Suggest / provide inputs on changes required to risk appetite to the CIO
Recommend reduction/ change in the risk level of the schemes within the Potential Risk Class (PRC) with the approval of CIO
Report identified risk, risk related events and corrective actions plans to the CIO
Measure risks in accordance with the approved internal policy and risk metric
Periodic analysis of bulk trades and block deals of large values
Analysis and evaluation of ratings received from multiple credit rating agencies for securities across portfolios and take necessary actions
Ensure disclosures made to clients are consistent with investments and holdings
Manage and monitor investments in schemes by conducting –
- Quantitative risk analysis
- Analysis of concentration limits
Ensure adherence to the framework for inter-scheme transfers and perform due diligence at the time of buying securities through inter-scheme transfers.
Ensure maintenance of all relevant documents and disclosures with regard to debt and money market instruments before finalizing the deal
Take corrective action for deviations, if required, as per the approved Delegation of Power (DoP) and escalate major risk related event to CIO.
Responsible for daily management of investment risk of managed scheme(s) such as market Risk, liquidity Risk, credit risk and other scheme specific risks and appropriate risk reporting of any risk related event to CIO.

Harshil Suvarnkar

Fund Manager

15+ Years of Experience

Mr. Harshil Suvarnkar is a fund manager with Aditya Birla Sun Life AMC Limited. He has an overall experience of 15 years in the financial services industry.

Prior to joining ABSLAMC he was associated with one of India’s largest HFC for 10 years as Head - Markets, Treasury heading treasury investments, Asset Liability Management (ALM) and capital market borrowings.

He has a Master’s degree in Management Studies from Jamnalal Bajaj Institute of Management Studies (JBIMS), University of Mumbai and Post-Graduate Diploma in Securities Law from Government Law College. He has also completed a programme on Investment Decisions and Behavioral Finance program from Indian Institute of Management, Ahmedabad.

Roles & Responsibilities with respect to Risk Management

Manage investment risk of managed scheme(s). i.e., market risk, liquidity risk, credit risk and other scheme specific risks within approved limits
Ensure adherence to relevant SEBI guidelines in respect of RMF and relevant principles thereunder including risk identification, risk management, reporting and corrective actions etc., SID, internal & Regulatory limits
Ensure adherence of applicable provisions of Mutual Funds Regulations including Code of Conduct per Schedule V B
Adhere to the risk appetite framework of the schemes to maintain appropriate risk level for schemes.
Suggest / provide inputs on changes required to risk appetite to the CIO
Recommend reduction/ change in the risk level of the schemes within the Potential Risk Class (PRC) with the approval of CIO
Report identified risk, risk related events and corrective actions plans to the CIO
Measure risks in accordance with the approved internal policy and risk metric
Periodic analysis of bulk trades and block deals of large values
Analysis and evaluation of ratings received from multiple credit rating agencies for securities across portfolios and take necessary actions
Ensure disclosures made to clients are consistent with investments and holdings
Manage and monitor investments in schemes by conducting –
- Quantitative risk analysis
- Analysis of concentration limits
Ensure adherence to the framework for inter-scheme transfers and perform due diligence at the time of buying securities through inter-scheme transfers.
Ensure maintenance of all relevant documents and disclosures with regard to debt and money market instruments before finalizing the deal
Take corrective action for deviations, if required, as per the approved Delegation of Power (DoP) and escalate major risk related event to CIO.
Responsible for daily management of investment risk of managed scheme(s) such as market Risk, liquidity Risk, credit risk and other scheme specific risks and appropriate risk reporting of any risk related event to CIO.

Understand The Nuances Of Different Strategies For Smarter Portfolio Decisions

Frequently Asked Questions

What is an equity long-short fund?

An open ended equity investment strategy investing in listed equity and equity related instruments including limited short exposure in equity through derivative instruments.

How is Apex Equity Long-Short fund different from equity-oriented funds?

A traditional equity fund invests only in long positions. The APEX Equity Long-Short Fund combines long and short positions through equity derivatives, giving it greater flexibility to manage risk and navigate different market conditions.

What is the recommended investment horizon for Apex Equity Long-Short Fund?

The recommended horizon is more than three years. A longer horizon gives the long-short and derivative strategies time to work through different market cycles.

Who should invest in Apex Equity Long-Short Fund?

The APEX Equity Long-Short Fund may be suitable for investors, including HNIs, looking for equity exposure with a risk-aware investment strategy. Investors should assess their financial goals and risk appetite before investing.

What is the positioning of Apex Equity Long-Short Fund?

The Fund is an actively managed equity strategy that aims to deliver long-term capital growth while managing portfolio volatility. It combines long investments with selective short positions and uses derivatives to adjust equity exposure based on changing market conditions.

Complete fund details will be populated after the NFO period.

Apex Equity Long-Short Fund

EQUITY LONG – SHORT

ACROSS MARKET CAPS

Direct-Growth