Aditya Birla Capital Mutual Fund files offer document for Equity Long-Short Fund
Aditya Birla Capital Mutual Fund has filed offer document with SEBI to launch an open ended equity investment strategy named ‘Apex Equity 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 long-term capital appreciation by investing in a diversified portfolio of equity and equity-related instruments, including limited short exposure through derivatives.
