Arthaya Equity Long-Short Fund vs Summit Equity Long-Short Fund
Arthaya Equity Long-Short Fund from Union Mutual Fund and Summit Equity Long-Short Fund from Invesco 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
- Summit Equity Long-Short Fund is the larger fund, with ₹376 Cr in disclosed assets against ₹131 Cr for Arthaya Equity Long-Short Fund — about 2.9 times the size.
- Arthaya Equity Long-Short Fund launched first, on 25 May 2026; Summit Equity Long-Short Fund followed on 22 Jul 2026, about 2 months later. Since-inception returns therefore cover different periods and are not directly comparable.
- Over the past three months, Summit Equity Long-Short Fund returned +6.69% and Arthaya Equity Long-Short Fund returned +3.36% (Direct plan).
- Summit Equity Long-Short Fund has the lower Direct-plan expense ratio, 0.70% against 1.28% for Arthaya Equity Long-Short Fund.
- They use different benchmarks: Arthaya Equity Long-Short Fund is measured against NIFTY 200 Total Return Index (TRI), Summit Equity Long-Short Fund against BSE 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.
| Arthaya Equity Long-Short Fund Union Mutual Fund | Summit Equity Long-Short Fund Invesco Mutual Fund | |
|---|---|---|
| Category | Equity Long-Short | Equity Long-Short |
| Status | Active | Active |
| Direct NAV | 10.4450 | 11.0100 |
| 1M Return | +7.55% | +7.41% |
| 1Y Return | — | — |
| Since Inception | +4.54% | +10.32% |
| AUM | ₹131 Cr | ₹376 Cr |
| Minimum Investment | ₹10,00,000 | ₹10,00,000 |
| Expense Ratio | 1.28% | 0.70% |
| Exit Load | 1% if redeemed or switched out on or before completion of 1 year from the date of allotment; Nil after 1 year | 0.50% if redeemed or switched out on or before 3 months from the date of allotment; Nil after 3 months |
| Benchmark | NIFTY 200 Total Return Index (TRI) | BSE 500 TRI |
| Risk-o-meter | Band 1 of 5 (Lower Risk) | Band 5 of 5 (Higher Risk) |
| Launch Date | 25 May 2026 | 22 Jul 2026 |
| Fund Managers | Rajesh Aynor, Hiten Bhadra | Hiten Jain |
Open the full page for Arthaya Equity Long-Short Fund or Summit Equity Long-Short Fund for NAV history, holdings and the AMC factsheet, or add a third fund to this comparison.
Holdings in common
2 positions appear in the disclosed top holdings of both funds. This compares only the top holdings each AMC publishes (Arthaya Equity Long-Short Fund: 30 Sept 2026; Summit Equity Long-Short Fund: 30 Sept 2026), not the complete portfolios, so the real overlap may be higher.
| Holding | Sector | Union MF weight | Invesco MF weight |
|---|---|---|---|
| ICICI Bank Ltd. | Banks | 5.09% | 6.12% |
| Eternal Ltd. | Retailing | 2.55% | 3.41% |
Arthaya Equity Long-Short Fund vs Summit Equity Long-Short Fund: common questions
What is the difference between Arthaya Equity Long-Short Fund and Summit Equity Long-Short Fund?
Both are Equity Long-Short Specialized Investment Funds (SIFs), so they follow the same SEBI strategy category. Arthaya Equity Long-Short Fund is run by Union Mutual Fund and Summit Equity Long-Short Fund by Invesco 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 Arthaya Equity Long-Short Fund and Summit Equity Long-Short Fund?
The latest Direct-plan NAV of Arthaya Equity Long-Short Fund is ₹10.4450 (13 Nov 2026), and of Summit Equity Long-Short Fund is ₹11.0100 (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, Arthaya Equity Long-Short Fund or Summit Equity Long-Short Fund?
Summit Equity Long-Short Fund is larger by disclosed assets under management, at ₹376 Cr, compared with ₹131 Cr for Arthaya Equity Long-Short Fund. Figures are the latest each AMC has disclosed.
Which has the lower expense ratio, Arthaya Equity Long-Short Fund or Summit Equity Long-Short Fund?
Arthaya Equity Long-Short Fund has a Direct-plan expense ratio of 1.28% and Summit Equity Long-Short Fund of 0.70%, as stated in each AMC's factsheet. Regular plans cost more than Direct plans.
What is the minimum investment in Arthaya Equity Long-Short Fund and Summit 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, Arthaya Equity Long-Short Fund or Summit 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
Arthaya Equity Long-Short Fund vs
Summit 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.