Aditya Birla Capital Mutual Fund files offer document for Apex Equity Ex-Top 100 Long-Short Fund
Aditya Birla Capital Mutual Fund has filed offer document with SEBI to launch an open-ended investment strategy named ‘Apex Equity Ex-Top 100 Long-Short Fund’. The New Fund Offer price for units would be Rs 10 per unit during the NFO. Entry load will be nil. Exit load- For redemption/switch-out of units on or before 365 days from the date of allotment will be 1% of applicable NAV; For redemption/switch-out of units after 365 days from the date of allotment will be Nil. The Scheme offers growth option for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.
The performance will be benchmarked against NIFTY 500 TRI. The minimum application amount during NFO will be Rs 10,00,000 and in multiples of Re 1 thereafter.
The investment objective of the scheme is 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.
