Sundaram Select Equity Ex-Top 100 Long-Short SIF NFO Closes on November 4

Key Takeaways

• Sundaram Mutual Fund's Select Equity Ex-Top 100 Long-Short Fund closes its NFO on 4 November 2026 after opening on 21 October.
• The strategy focuses predominantly on companies outside India's top 100 by market capitalisation and permits short exposure through derivatives within regulatory limits.
• The standard minimum investment threshold is ₹10 lakh per PAN across the SIF's investment strategies, with a lower threshold available to eligible accredited investors.

Sundaram's Long-Short SIF Reaches NFO Closing Date

Sundaram Mutual Fund's Select Equity Ex-Top 100 Long-Short Fund, offered under its specialised investment fund platform, closes its new fund offer on Wednesday, 4 November 2026.

The scheme opened on 21 October and is part of the AMC's Select SIF platform.

It is structured as an open-ended equity investment strategy that focuses on companies outside the largest 100 listed businesses by market capitalisation.

Unlike conventional long-only equity mutual fund schemes, the strategy is permitted to undertake limited short exposure through derivatives within the applicable regulatory framework.

Key Details of the Fund

The fund provides direct and regular plans with growth and IDCW options.

Focus on Companies Outside the Top 100

The investment strategy primarily targets companies ranked outside the top 100 by market capitalisation.

The AMC's materials describe a focus on businesses ranked approximately 101 to 750, covering a broad mid- and smaller-company investment universe.

Its disclosed portfolio framework envisages approximately 25 to 40 stocks, although the actual holdings may vary.

The strategy generally aims to maintain substantial exposure to equity and equity-related securities while retaining flexibility to use derivatives.

The benchmark is the Nifty MidSmallcap 400 Total Returns Index.

Short Exposure Through Derivatives

The distinctive feature of the strategy is its ability to take short positions using permitted derivative instruments.

Short exposure can produce gains when the price of the relevant underlying security falls, but it also introduces risks that differ from those associated with conventional long-only holdings.

Unhedged derivative short exposure is permitted up to 25% under the strategy's disclosed framework.

The actual use of derivatives will depend on portfolio management decisions and regulatory restrictions.

The presence of a short-selling mechanism does not mean that the fund will necessarily make money during market declines.

The scheme carries a Level 5 risk classification under the applicable SIF risk-band framework.

Minimum Investment and Exit Load

The standard minimum investment threshold is ₹10 lakh per PAN, aggregated across the applicable strategies of the specialised investment fund.

Eligible accredited investors can access the strategy at a lower ₹1 lakh threshold, as specified in the scheme materials.

The fund house also discloses an exit load of 1% when units are redeemed or switched out within one year of allotment. Redemptions after one year attract no exit load under the stated terms.

Sundaram Expands Into the SIF Category

The launch represents Sundaram Mutual Fund's entry into the specialised investment fund segment through the Select SIF platform.

SIFs operate within a SEBI-regulated structure that allows certain investment strategies to use instruments and techniques beyond the scope generally available to conventional mutual fund schemes.

Their investment thresholds, permitted strategies and risk characteristics differ from those of ordinary retail mutual funds.

The NFO's closing on 4 November is an operational milestone for Sundaram's new platform, with subsequent investment and redemption arrangements governed by the scheme documents.

Verification: Sundaram Select SIF official scheme information, exchange circulars and earlier Economic Times coverage.

Select SIF by Sundaram Mutual+3