Aditya Birla Sun Life Mutual Fund - SIF has launched a new Open Ended Growth scheme named "Apex Equity Ex-Top 100 Long-Short Fund" with maturity period of 0 days from the launch date.

The New Fund Offer (NFO) price for the scheme is Rs 10.00 per unit, which will open for subscription from Aug 10 to Aug 24, 2026.

According to the offer document filed with SEBI, the entry load is Nil and exit load is 1.

The minimum application amount is Rs 10,00,000.00 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Growth.

The fund manager of the scheme will be Manish Gupta, while the performance of the scheme will be benchmarked against NIfty 500 Total Return.

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.