Apex Equity Long-Short Fund vs iSIF Equity Long-Short Fund
Apex Equity Long-Short Fund from Aditya Birla Capital AMC and iSIF Equity Long-Short Fund from ICICI Prudential Mutual Fund, compared on NAV, returns, size, costs and portfolio — every figure from AMFI's NAV feed or the AMC's own factsheet.
How the two funds differ
NAV data as of 13 Nov 2026
- iSIF Equity Long-Short Fund is the larger fund, with ₹910 Cr in disclosed assets against ₹150 Cr for Apex Equity Long-Short Fund — about 6.1 times the size.
- Over the past one month, Apex Equity Long-Short Fund returned +6.26% and iSIF Equity Long-Short Fund returned +2.93% (Direct plan).
- Apex Equity Long-Short Fund has the lower Direct-plan expense ratio, 0.55% against 0.74% for iSIF Equity Long-Short Fund.
- They use different benchmarks: Apex Equity Long-Short Fund is measured against NIFTY 500 TRI, iSIF Equity Long-Short Fund against Nifty 500 TRI.
Side by side
Switch between Direct and Regular plans in the header, or pick two dates to compare returns over the same period. A dash means the AMC has not disclosed that figure yet.
| Apex Equity Long-Short Fund Aditya Birla Capital AMC | iSIF Equity Long-Short Fund ICICI Prudential Mutual Fund | |
|---|---|---|
| Category | Equity Long-Short | Equity Long-Short |
| Status | Active | Active |
| Direct NAV | 10.5300 | 10.9000 |
| 1M Return | +6.26% | +2.93% |
| 1Y Return | — | — |
| Since Inception | +5.09% | +9.00% |
| AUM | ₹150 Cr | ₹910 Cr |
| Minimum Investment | ₹10,00,000 | ₹10,00,000 |
| Expense Ratio | 0.55% | 0.74% |
| Exit Load | 0.50% of applicable NAV if redeemed/switched out on or before 90 days from the date of allotment; nil thereafter | 1% of applicable NAV if redeemed or switched out within 1 month from allotment; NIL thereafter |
| Benchmark | NIFTY 500 TRI | Nifty 500 TRI |
| Risk-o-meter | Band 2 of 5 (Low to Moderate Risk) | Band 5 of 5 (Higher Risk) |
| Launch Date | — | 05 Jun 2026 |
| Fund Managers | Manish Gupta, Harshil Suvarnkar | Mittul Kalawadia, Nitya Mishra, Sri Sharma |
Open the full page for Apex Equity Long-Short Fund or iSIF Equity Long-Short Fund for NAV history, holdings and the AMC factsheet, or add a third fund to this comparison.
Apex Equity Long-Short Fund vs iSIF Equity Long-Short Fund: common questions
What is the difference between Apex Equity Long-Short Fund and iSIF Equity Long-Short Fund?
Both are Equity Long-Short Specialized Investment Funds (SIFs), so they follow the same SEBI strategy category. Apex Equity Long-Short Fund is run by Aditya Birla Capital AMC and iSIF Equity Long-Short Fund by ICICI Prudential Mutual Fund; they differ in size, launch date, costs, portfolio and fund managers, all shown in the table on this page.
What is the latest NAV of Apex Equity Long-Short Fund and iSIF Equity Long-Short Fund?
The latest Direct-plan NAV of Apex Equity Long-Short Fund is ₹10.5300 (13 Nov 2026), and of iSIF Equity Long-Short Fund is ₹10.9000 (13 Nov 2026). A higher NAV does not mean a better fund — it mainly reflects how long the scheme has been running.
Which is bigger, Apex Equity Long-Short Fund or iSIF Equity Long-Short Fund?
iSIF Equity Long-Short Fund is larger by disclosed assets under management, at ₹910 Cr, compared with ₹150 Cr for Apex Equity Long-Short Fund. Figures are the latest each AMC has disclosed.
Which has the lower expense ratio, Apex Equity Long-Short Fund or iSIF Equity Long-Short Fund?
Apex Equity Long-Short Fund has a Direct-plan expense ratio of 0.55% and iSIF Equity Long-Short Fund of 0.74%, as stated in each AMC's factsheet. Regular plans cost more than Direct plans.
What is the minimum investment in Apex Equity Long-Short Fund and iSIF Equity Long-Short Fund?
Both require a minimum investment of ₹10,00,000. SEBI sets a ₹10 lakh minimum across all SIF strategies of an AMC for non-accredited investors.
Which is better, Apex Equity Long-Short Fund or iSIF Equity Long-Short Fund?
SIF India does not rank one above the other or give investment advice. Which suits you depends on your goals, time horizon and risk tolerance. Both are new schemes with a short track record, and past performance does not indicate future returns. Read each scheme's offer document and consider speaking to a SEBI-registered adviser before investing.
More comparisons
Apex Equity Long-Short Fund vs
iSIF Equity Long-Short Fund vs
See every scheme in this category on the Equity Long-Short SIF Funds page. New to SIFs? Start with what a Specialised Investment Fund is, or read Understanding long-short equity strategies, Best SIF Funds in India: How to Actually Compare Them and SIF vs. Mutual Fund vs. PMS vs. AIF.
This comparison is factual information, not investment advice or a recommendation of either scheme. Past performance does not indicate future returns.