October 21, 2026, MUMBAI: Sundaram Mutual enters SIF Products with the Select Equity Ex-Top 100 Long Short Fund. The New Fund Offer (NFO), Select Equity Ex-Top 100 Long Short Fund is an open-ended equity investment strategy investing in equity and equity related instruments with the flexibility to include limited short exposure in equity through derivative instruments of Ex - Top 100* stocks. Select SIF's investment universe would comprise of companies ranked 101st-750th by market capitalization predominantly high growth mid and small cap companies. The New Fund Offer opens for subscription on October 21, 2026 and closes on November 4, 2026.
Commenting on the launch of Select Equity Ex-Top 100 Long Short Fund, Mr. Anand Radhakrishnan, Managing Director, Sundaram Asset Management Company Limited said, "India's transformation, driven by manufacturing, technology, urban consumption and financial inclusion could drive India's next phase of growth. The Select Equity Ex-Top 100 Long Short Fund is designed to identify companies that may benefit from these structural shifts and pursue opportunities that align with the investment objective."
The Fund Managers' strategy would be to invest in equity and equity related instruments of Ex - top 100* stocks with portfolio comprising twenty five (25) to Forty (40) stocks picked from the mid, small and beyond-500 universe using a bottom up approach strategy. The fund will invest in big shifts by identifying mega trends, emerging leaders in manufacturing, premiumisation, technology (viz. tech platforms) etc. with flexibility to take short positions either to hedge and or seek additional returns.
Mr. Madanagopal Ramu would be the Fund Manager for the Select Equity Ex-Top 100 Long Short Fund. The performance of the scheme would be benchmarked against the Nifty MidSmallcap 400 TRI.
*Ex-top 100 companies shall be all companies other than large cap companies. The Large cap companies as identified and disclosed by AMFI, shall be considered.
About SIFs
SIF, Specialized Investment Fund, is a fund that brings together the benefit of mutual-fund taxation with greater investment flexibility by employing long-short strategies, enabling a more differentiated approach to portfolio construction. SIF pursue strategies across equity, debt and hybrid categories, including Long-Short, Sector Rotation and Asset Allocation models. SIFs have the same tax treatment applicable to mutual funds (no tax on gains at the stock level of the fund).
About Sundaram Asset Management Company:
Sundaram Asset Management Company, established in 1996, is a major player in the fund management space with retail focus having more than 30years of fund management experience with assets under management (AUM) of INR 91,000+ crore including its subsidiaries as on September 2026. Sundaram AMC currently has a network of 80 plus branches in India and has an international presence with offices in Singapore, Dubai and a GIFT City Branch.
For more information on Select SIF and its products, please visit www.sundarammutual.com/selectsif
For Media Enquiries:
Harit S. Tank
Tel.Nos.: 022 - 30100215 Mobile: +91 98194 55607
Email: harittank@sundarammutual.com or harit.smf@gmail.com
Fund Synopsis:
Scheme / Name of the Investment Strategy: Select Equity Ex-Top 100 Long-Short Fund
Category of the Investment Strategy: Equity Ex-Top 100 Long-Short Fund
Type of Investment Strategy:
An open-ended equity investment strategy investing in equity and equity related instruments, with the flexibility to include limited short exposure in equity through derivative instruments of Ex - top 100 stocks.
Investment Objective:
To generate capital appreciation in the long term by predominantly investing in equity and equity related securities of Ex - top 100 companies. The Investment Strategy may also invest in various derivative instruments, including short exposure through unhedged derivative positions in equity and equity related instruments of Ex - top 100 stocks upto 25%. There is no assurance that the investment objective of the Investment strategy will be achieved.
Asset Allocation:
Under normal circumstances the Asset Allocation Pattern will be:
Benchmark: Nifty MidSmall Cap 400 TRI
Fund Managers: Madanagopal Ramu (Equity) , Sandeep Agarwal (Fixed Inco me), Shalav Saket (Overseas)
Minimum Application Amount: During the NFO: Purchase:
- Minimum of Rs. 10,00,000/- and in multiples of Re. 1/- thereafter.
- Minimum amount for accredited investor: Rs. 1,00,000 and in multiples of Re. 1/- thereafter.
- Minimum threshold requirement - Rs. 10,00,000
Load Structure:
Entry Load: N.A.
Exit Load:
- If the units are redeemed/ switched out on or before 1 year from the date of allotment - 1% of the applicable NAV.
- If the units are redeemed/switched out after 1 year from the date of allotment - Nil
New Fund Offer Period: NFO Opens: October 21, 2026 and closes on November 4, 2026.
Select Equity Ex-Top 100 Long-Short Fund Risk Band:
Investments in Specialized Investment Funds involve relatively higher risk, including potential loss of capital, liquidity risk, and market volatility. Please read all investment strategy related documents carefully before making investment decisions.
(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)
Industry news reproduced from the AdvisorKhoj feed · Sundaram Mutual Fund. Reported for information only — nothing here is a recommendation to invest in any scheme.