20–40% indicative
Plain arbitrage
Cash and futures price spreads
Summit SIF · Invesco Mutual Fund
Summit Active Asset Allocator Long-Short Fund
A multi-asset interval strategy seeking income from arbitrage spreads across equity, debt and commodities, with limited short exposure through permitted derivatives.
Investment approach
Arbitrage across several return engines
The strategy aims to capture pricing differences rather than make directional market calls. Core cash-futures arbitrage anchors the portfolio. The manager may add synthetic, index, special-situation and commodity arbitrage when opportunities arise, alongside debt and money market holdings.
20–40% indicative
Synthetic arbitrage
Option combinations that create a synthetic futures position
0–10% indicative
Index arbitrage
Spreads between index futures and constituents
0–5% indicative
Special situations
Merger, OFS, QIP and buyback arbitrage
0–15% indicative
Commodity arbitrage
Cash and futures opportunities in commodities
15% indicative
Debt and margin float
Accrual and liquidity support
These are illustrative portfolio engine ranges from the one-pager, not binding asset allocation limits or current holdings. Strategy weights and opportunities may change.
Mandate
Normal asset allocation ranges
| Asset or exposure | Minimum | Maximum |
|---|---|---|
| Equity and equity-related instruments | 65% | 90% |
| Exchange-traded commodity derivatives | 0% | 25% |
| InvIT units | 0% | 20% |
| Debt and money market instruments | 10% | 35% |
| Unhedged short exposure through equity and debt derivatives | 0% | 25% |
The short-exposure row is an exposure limit and overlaps with asset holdings; these ranges should not be added together. Confirm binding limits in the current Investment Strategy Information Document (ISID).
Fund facts
Benchmark, investment and dealing terms
- Fund house
- Summit SIF · Invesco Mutual Fund
- Category
- Active Asset Allocator Long-Short Fund
- Benchmark
- 40% Nifty 500 TRI + 40% CRISIL Short Term Bond Fund Index + 20% iCOMDEX Composite Index
- Plans and options
- Regular and Direct plans; Growth and IDCW options
- Subscriptions
- Daily at applicable NAV
Minimum application
₹10 lakh per application, or ₹1 lakh for accredited investors, as stated in the one-pager. The stated SIP minimum is ₹1,000 per instalment, subject to instalment counts and the applicable aggregate SIF investment threshold.
Exit load
0.50% if redeemed or switched out on or before 30 days; 0.25% after 30 days and on or before 60 days; nil after 60 days.
Terms reflect the October 2026 one-pager and may change. Check the latest ISID, KIM and addenda before investing.
Before investing
Understand the risks and source
Arbitrage still carries risk
The AMC assigned risk band Level 3 of 5 during NFO. Spread compression, derivative execution, credit, liquidity and market risks can cause losses. Hedging may reduce directional exposure but cannot ensure low volatility, returns or capital protection.
Check current documents
This page summarises Invesco Mutual Fund's October 2026 one-pager. The risk band was assigned at NFO based on an internal assessment and may change after investments are made. Read the current strategy documents and suitability disclosures before deciding.
Frequently asked questions
What is the Summit Active Asset Allocator Long-Short Fund?
It is an interval investment strategy under Summit SIF by Invesco Mutual Fund. It seeks income through arbitrage opportunities across equity, debt and commodity markets, with permitted derivative and limited short exposure.
What is the minimum application amount?
The October 2026 one-pager lists ₹10 lakh per application for regular investors and ₹1 lakh per application for accredited investors. Systematic transactions must maintain the ₹10 lakh aggregate threshold across Summit SIF strategies, where applicable.
When can investors redeem?
The one-pager states that subscriptions are available daily at the applicable NAV, while redemptions are available on Mondays and Wednesdays. If either is a non-business day, the next business day applies. Units may also have exchange liquidity, subject to market conditions.
What is the exit load?
According to the one-pager, the exit load is 0.50% for redemption or switch-out on or before 30 days, 0.25% after 30 days and on or before 60 days, and nil after 60 days.
Is the fund risk-free or capital protected?
No. Arbitrage and hedging seek to manage directional exposure, but cannot eliminate market, derivative, credit or liquidity risks. Returns and capital are not guaranteed.
Explore with clarity
Assess the strategy's place in your portfolio
Discuss the arbitrage approach, interval liquidity and risks with our team.