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Hybrid Long-Short

Apex Hybrid Long-Short Fund

by APEX Asset Management  |  Specialised Investment Fund  |  Min. ₹10 Lakh

Net Long ?Long book minus short book (% of NAV). The fund's actual unhedged market exposure after netting both sides.
100.0%
of NAV
Gross Exposure ?Long book + |Short book| in absolute terms. Values above 100% reflect leverage through derivatives.
100.0%
of NAV
Gross Short ?Absolute value of all short positions (% of NAV). Includes both hedged shorts (matched against a long holding) and naked shorts.
0.0%
Futures + Options
Naked Shorts ?Short positions with no matching long holding. Pure directional bets — unlike hedged shorts which simply offset a stock held long.
0%
all hedged
Positions
64
64 long + 0 short
Data As Of
May 2026
Updated monthly
Positions sum to 100% of NAV
All holdings — equity, debt, and cash equivalents — add up to approximately 100% of the fund's NAV. No futures long positions are used. What you see in the bifurcation table is the complete picture.

Portfolio Bifurcation — May 2026 (scroll right →)

EQUITY
+58.4%		DEBT
0%		COMMODITY
0%		CASH & EQUIV
+41.6%		OPTIONS
0%		FUTURES
0%
Equity
Long?Equity stocks held long (% of NAV)		Debt
Long?Bonds and fixed-income instruments held long		Commodity
Long?Physical commodity ETFs or commodity fund units (e.g. gold ETFs)		Money
Market?Money market instruments: T-Bills, CDs, Commercial Papers		TREPS /
Repo?Tri-party repos and CCIL settlement receivables — overnight/very short-term, near-cash		Cash
Margin?Cash deposited as margin collateral for derivatives positions — earns repo rate		MF
Units?Units of other mutual funds held in portfolio (excluding commodity ETFs)		InvIT /
REIT?Real Estate Investment Trusts and Infrastructure Investment Trusts		Net
Rec/(Pay)?Net Current Assets: receivables minus payables. Negative = net liability		Long?Options held long — buyer paid the premiumShort?Options written or sold short — shown as absolute value of obligationLong?Futures contracts held long at notional value (% of NAV)Hedged
Short?Short futures matched against a corresponding equity long — limits downside on a held stock		Naked
Short?Short futures with no matching long — directional bet on a stock or index falling
+58.37%--+2.62%+22.03%-+13.39%+1.99%+1.60%-----
All positions sum to: 100.00% of NAV
Last updated: May 2026  |  Next update: June 2026
Portfolio Allocation
May 2026
Equity (Long)
58.37%
Debt (Long)
0.00%
Cash & Equivalents
41.62%
Futures (Long)
0.00%
Options (Long)
0.00%
Gross Short ?Absolute value of all short positions. Includes hedged + naked shorts.
-0.00%
Holdings
64 long  +  0 short
Company% NAVMkt ValueWeight
7.62% National Bank For Agriculture and Rural Development (31/01/2028) **
 6.56% ₹498L
7.55% REC Limited (31/03/2028) **
 6.55% ₹498L
6.96% Power Finance Corporation Limited (02/03/2028) **
 6.49% ₹494L
HDFC Bank Limited
 2.26% ₹172L
Reliance Industries Limited
 1.74% ₹132L
ICICI Bank Limited
 1.74% ₹132L
Axis Bank Limited
 1.27% ₹96.5L
Bharti Airtel Limited
 1.26% ₹95.6L
Mahindra & Mahindra Limited
 1.20% ₹91.4L
Larsen & Toubro Limited
 1.13% ₹85.6L
Mindspace Business Parks REIT
 0.97% ₹74.0L
State Bank of India
 0.95% ₹72.3L
JSW Energy Limited
 0.94% ₹71.4L
Lupin Limited
 0.89% ₹67.5L
Delhivery Ltd
 0.86% ₹65.7L
ITC Limited
 0.85% ₹64.3L
Kotak Mahindra Bank Limited
 0.81% ₹61.5L
Jindal Steel & Power Limited
 0.79% ₹60.4L
NMDC Limited
 0.78% ₹59.4L
Trent Limited
 0.78% ₹59.1L
Eicher Motors Limited
 0.76% ₹57.4L
UltraTech Cement Limited
 0.76% ₹57.4L
Tata Steel Limited
 0.75% ₹57.2L
Infosys Limited
 0.73% ₹55.7L
KEI Industries Limited
 0.73% ₹55.3L
InstrumentCoupon% NAVMkt Value
No debt holdings
TREPS / Repo
Instrument% NAVMkt Value
Clearing Corporation of India Limited
 +22.03% ₹1,674L
Money Market
Instrument% NAVMkt Value
364 DTB 09Jul2026
 +2.62% ₹199L
MF Units
Instrument% NAVMkt Value
Aditya Birla Sun Life Liquid Fund - Growth - Direct Plan
 +13.32% ₹1,012L
Aditya Birla Sun Life Nifty ETF
 +0.07% ₹5.3L
InvIT / REIT
Instrument% NAVMkt Value
EMBASSY OFFICE PARKS REIT
 +1.01% ₹76.9L
Net Rec/(Pay)
Instrument% NAVMkt Value
Net Receivables / (Payables)
 +1.59% ₹121L
Cash and Bank
 +0.01% ₹1.0L
Estimated margin required: ~0.00% of NAV. Cash & equivalents stand at 40.6% — approximately N/Ax coverage. TREPS and money market instruments earn 6.5–7.5% p.a. — an active yield position, not idle margin reserve.

No options positions

No futures positions

Portfolio Analysis
Updated May 2026
May 2026 — Monthly Update

Apex Hybrid Long-Short Fund currently holds no short positions. The fund is in its deployment phase, operating as a long-only strategy. The 40.6% cash & equivalents allocation provides liquidity for future short book deployment and earns 6.5–7.5% per annum via TREPS and money market instruments.

Monitor when the fund manager begins deploying the short book — this signals the transition to the intended long-short strategy.

March 2026 — Initial Coverage

Tequity initiated coverage of Apex Hybrid Long-Short Fund with the March 2026 portfolio disclosure. Updated monthly as APEX Asset Management publishes new disclosures on the AMFI portal.

Data sourced directly from AMFI monthly portfolio disclosure. All figures as a percentage of Net Asset Value.

Portfolio History
Updated monthly
May 2026

Net long: 100.00%. Gross exposure: 100.00%. Equity: 59.35%, Debt: 0.00%, Cash & Equiv: 40.65%, Options Short: 0.00%, Futures Short: 0.00%. Naked futures short: 0% (fully hedged). Total positions: 64.

April 2026

Net long: 100.00%. Gross exposure: 100.00%. Equity: 63.79%, Debt: 0.00%, Cash & Equiv: 36.21%, Options Short: 0.00%, Futures Short: 0.00%. Naked futures short: 0% (fully hedged). Total positions: 48.

March 2026

Net long: 100.00%. Gross exposure: 100.00%. Equity: 23.67%, Debt: 0.00%, Cash & Equiv: 76.33%, Options Short: 0.00%, Futures Short: 0.00%. Naked futures short: 0% (fully hedged). Total positions: 6.

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Fund Details
AMCAPEX Asset Management
CategoryHybrid Long-Short
Fund TypeSIF (SEBI Regulated)
Min. Investment₹10 Lakh
NAV DisclosureDaily
Portfolio DisclosureMonthly (AMFI)
Exposure Metrics
Net Long ?Long book minus short book (% of NAV). Actual unhedged market exposure.100.0%
Gross Short ?Absolute value of all short positions. Includes hedged + naked shorts.0.0%
Naked Short ?Shorts with no matching long. Pure directional bets against specific stocks.0%
Gross Exposure ?Long book + |Short book|. Values above 100% indicate derivative leverage.100.0%
Disclaimer: All data sourced from AMFI monthly portfolio disclosures (May 2026). Tequity Investing is an AMFI-registered Mutual Fund Distributor (ARN-245270). This is not investment advice. Specialised Investment Funds carry higher risk and are suitable only for sophisticated investors with a minimum investment of ₹10 lakh. Please consult a SEBI-registered financial planner before investing. Past performance is not indicative of future results.

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