Invesco Mutual Fund launches Summit Equity Long-Short Fund under SIF; NFO opens today

Invesco Mutual Fund has announced its entry into the Specialised Investment Fund (SIF) category with the launch of its new platform, Summit SIF, and introduced its first investment strategy, the Summit Equity Long-Short Fund.

The New Fund Offer (NFO) opens on July 2, 2026, and will remain open for subscription until July 16, 2026.

The open-ended equity investment strategy will invest in listed equities and equity-related instruments while also taking limited short positions in equities through derivative instruments. The fund aims to generate alpha by combining long-term stock selection with tactical short-selling opportunities.

Commenting on the launch, 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."

Hiten Jain, Fund Manager, Invesco Mutual Fund, 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 nonlinear 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."

• NFO opens: July 2, 2026

• NFO closes: July 16, 2026

• Minimum investment: ₹10 lakh (₹1 lakh for accredited investors)

• SIP: Minimum ₹1,000, subject to maintaining an aggregate investment threshold of Rs 10 lakh across Summit SIF investment strategies.

• Exit load: 0.50% if redeemed or switched out within three months from allotment; nil thereafter.

The investment strategy follows a two-pronged approach:

A directional long portfolio based on Invesco Asset Management (India)'s bottom-up stock selection framework.

Tactical short positions through derivatives to benefit from stocks expected to underperform.

The fund will be managed by Hiten Jain and benchmarked against the BSE 500 TRI.

Disclaimer: The information contained in this article is for informational purposes only and does not represent investment advice from Upstox. Investment decisions should be made based on independent research or consultation with a registered financial advisor. Past performance is not indicative of future results.