Apex Hybrid Long-Short Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Apex Hybrid Long-Short Fund Direct Growth Plan has an NAV of ₹10.7764 as of 02 Sep 2026 and scheme AUM of ₹106 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%, and it carries a Low Risk tag. Our view is that the fund suits conservative investors who want a lower-volatility allocation, but the long return record is still very short, so the recent numbers and the portfolio mix matter more than any long-horizon history.

The fund’s current build leans toward cash, liquid instruments, debt and selective equity exposure, which supports the Low Risk tag. That makes it more relevant for investors who value steadier behaviour and are comfortable with a newer scheme whose longer-term track record is not yet established.

Quick facts

Particular	Details
NAV	₹10.7764 as of 02 Sep 2026
AUM	₹106 Cr
Expense Ratio	0.0%
Launch Date	25 Mar 2026
Min SIP	₹10,000
Risk Category	Low Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	0.50% on or before 90D, Nil after 90D
Fund Managers	Lovelish Solanki, Mohit Sharma, Rohit Karan

The fund is managed by Lovelish Solanki, Mohit Sharma and Rohit Karan.

Source data date: as of 02 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	1.53%	-3.47%
3M	6.7%	2.17%
1Y	Data not available	Data not available
3Y	Data not available	Data not available
5Y	Data not available	Data not available

The short record is the main thing to note here. The fund has started with a positive 1M and 3M pattern, and that is useful because it shows the scheme has not needed a long runway to stay above water in the periods shown. The 1M reading is especially strong versus NIFTY 50, which was negative over the same span.

Over 3M, the gap remains in the fund’s favour, although the index also recovered from a weaker patch. That tells us the fund has not only benefited from a benign start; it has also held up better than the benchmark through the same short window.

The 1Y, 3Y and 5Y figures are not yet available in a meaningful way for a fund launched in March 2026, so we do not treat the zero values as a performance record. In practical terms, this means the recent pattern should be read as an early signal rather than a tested long-cycle outcome.

For investors, the important point is that the current return shape is steadier than the benchmark’s recent path, but there is still no mature history to judge how it behaves through a full market cycle.

Source data date: as of 02 Sep 2026

Should you BUY or HOLD Apex Hybrid Long-Short?

A fund's past returns alone don't tell you whether you should buy it today or continue holding it.

The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Apex Hybrid Long-Short Fund Direct Growth Plan	Data not available	Data not available	Data not available
Arudha Equity Long-Short Fund Direct Growth Plan	Data not available	Data not available	Data not available
iSIF Active Asset Allocator Long-Short Fund Direct Growth Plan	Data not available	Data not available	Data not available
Arthaya Equity Long Short Fund Direct Growth Plan	Data not available	Data not available	Data not available
iSIF Hybrid Long-Short Fund Direct Growth Plan	Data not available	Data not available	Data not available
iSIF Equity Ex-Top 100 Long-Short Fund Direct Growth Plan	Data not available	Data not available	Data not available

The recent return picture is constructive, but the peer set does not yet give us a full medium- or long-term comparison because the displayed return fields are not available for these younger schemes. On the short-term figures that are available, this fund has started with a better 1M and 3M showing than the benchmark, which suggests a steadier opening phase than the market index.

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

Because the 1Y, 3Y and 5Y peer figures are not available here, we cannot stretch the comparison into a longer-horizon contest. That keeps the discussion focused on the early return pattern rather than on relative standing across several cycles.

Source data date: as of 02 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
TREPS	Cash & Cash Equivalents and Net Assets	17.56%
Aditya Birla Sun Life Liquid Fund – Growth – Direct Plan	Domestic Mutual Funds Units	9.58%
7.55% REC Ltd. (31/03/2028) **	Corporate Debt	4.69%
7.62% National Bank for Agriculture and Rural Development (31/01/2028) **	Corporate Debt	4.69%
7.53% National Bank for Agriculture and Rural Development (24/03/2028) **	Corporate Debt	4.68%
6.96% Power Finance Corporation Ltd. (02/03/2028) **	Corporate Debt	4.65%
7.22% Small Industries Development Bank of India (10/04/2029) **	Corporate Debt	4.65%
91 Day T-Bill 29.10.26	Treasury Bills	4.62%
Adani Energy Solutions Ltd.	Power	4.19%
Indo-Mim Ltd.	Domestic Equities	2.99%

The top 10 holdings account for approximately 62.3% of the portfolio.

To see all holdings, visit the Apex Hybrid Long-Short Fund Direct Growth Plan page

At 17.56%, TREPS is the single largest disclosed holding and is materially larger than any other line in the table. That gives the cash-like bucket a meaningful influence on day-to-day behaviour, especially when paired with the 9.58% allocation to a liquid fund.

The weights then step down into a fairly tight band across the debt and T-bill exposures, mostly around the mid-4% range, before easing to 4.19% and then 2.99% for the tenth holding. That pattern suggests no single stock or bond dominates the disclosed equity sleeve, even though the very top position is clearly more prominent than the rest.

With the top 10 holdings representing 62.3% of the portfolio and 51 holdings disclosed in total, the fund appears to spread the remaining exposure across a longer tail. Our view is that this can moderate single-position impact, while still leaving the largest cash and debt allocations likely to have greater influence on short-term movement.

Source data date: as of 02 Sep 2026

Who should invest

This fund may suit conservative investors who are comfortable with a Low Risk profile and want a structure that currently leans heavily toward cash, liquid funds and debt. The main attraction is the steadier short-term behaviour versus NIFTY 50, while the main trade-off is that the scheme is new, so there is no meaningful long-run track record yet.

It may fit an investment horizon where the focus is more on preserving stability than chasing aggressive equity-like upside. Investors should be prepared for the possibility that the early positive pattern may not persist across a full market cycle, especially because the 1Y, 3Y and 5Y figures are not yet established.

Tax and exit load

Holding period	Tax rate	Description
Units held less than 1 year	20%	Short-term capital gains tax
Units held more than 1 year	12.5%	Long-term capital gains tax

Exit load applies at 0.50% on or before 90 days, and it is nil after 90 days.

Source data date: as of 02 Sep 2026

Frequently asked questions

What is the current NAV of Apex Hybrid Long-Short Fund Direct Growth Plan?
The current NAV is ₹10.7764 as of 02 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%.

How has the fund performed versus NIFTY 50 recently?
It has done better over the recent periods shown: the fund returned 1.53% in 1M and 6.7% in 3M, while NIFTY 50 returned -3.47% and 2.17% over the same spans.

What is the risk category of this fund?
It is tagged as Low Risk, with a description that points to lower volatility and suitability for conservative investors.

Does the fund have an exit load?
Yes. The exit-load note says 0.50% on or before 90 days, and nil after 90 days.

Who manages Apex Hybrid Long-Short Fund Direct Growth Plan?
The fund is managed by Lovelish Solanki, Mohit Sharma and Rohit Karan.

Bottom line

Apex Hybrid Long-Short Fund Direct Growth Plan has started with better recent behaviour than NIFTY 50, but the longer return record is still not mature enough to judge it through a full cycle. Compared with the peer set shown here, the available return fields are also not yet enough to build a longer-horizon comparison. Its Low Risk tag and a portfolio tilted toward cash, liquid assets and debt make it more suitable for conservative investors who want steadier movement than a pure equity fund, while accepting that the scheme’s track record is still very early.

Published on 3 September 2026 at 7:04 PM IST

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RIA disclosure

Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.