Mumbai: Invesco Mutual Fund
today announced its entry into Specialized Investment Fund (SIF) category under
the brand name Summit SIF. Marking entry into SIF, it further announced launch
of its first SIF investment strategy, the Summit 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).
Summit Equity Long-Short Fund is designed to capture
both directional upside through long positions and tactical downside
opportunities through short positions. The strategy reflects the core
philosophy of Summit SIF: adapting to market conditions while seeking alpha.
This
investment strategy will combine two distinct strategies to deliver an edge to
the portfolio: A directional long strategy driven by a bottom-up stock
selection process anchored in Invesco Asset Management (India)’s categorization
framework; A Tactical short position via derivatives aimed at capturing
downside opportunities in stocks expected to underperform. The investment
strategy will be managed by Mr. Hiten Jain and will be benchmarked to
BSE 500 TRI.
Speaking
at the launch, Mr. Saurabh Nanavati, MD
& CEO, Invesco Asset Management (India) Pvt. Ltd. said, “We are at an inflection point in Indian asset management. The SIF
category gives experienced investors access to a level of portfolio flexibility
that was previously the preserve of institutional capital. Summit SIF is our
commitment to bringing specialized investment thinking to India’s next
generation of wealth builders.”
Mr. Hiten
Jain, Fund Manager, Invesco Mutual Fund further said, “In today’s
dynamic markets, alpha generation extends beyond simply riding the tide - it
requires navigating both opportunity and risk. Conventional long-only funds can
make money when stock prices go up. However, return generation within markets
is inherently non-linear and characterized by periodic dislocations. Summit
Equity Long-Short Fund is designed to capture both long and short opportunities
enabling it to effectively
capitalize on market volatility and evolving opportunities.”
The minimum investment
amount during the NFO is ₹10,00,000/- and in multiples of ₹1/- thereafter. In
case of Accredited investors, the minimum investment amount during the NFO is ₹1,00,000/-
and in multiples of ₹1/- thereafter. For SIP investments, the minimum
application amount is ₹1,000/- and in
multiples of ₹1/- thereafter subject to maintaining investment threshold of
₹10,00,000 across all investment strategies of Summit SIF.
The investment strategy
will charge an exit load of 0.50% for units redeemed / switched out on or
before 3 months from the date of allotment. No exit load will be charged if
units are redeemed / switched out after 3 months.
The New Fund Offer (NFO) is
open for subscription from today (July 2, 2026) and will close on July 16, 2026.