The fund will combine equity, debt and derivatives in a long-short strategy aimed at managing market volatility and generating risk-adjusted returns across market cycles.
The strategy allows the fund to take both long and short positions, which can help hedge downside risks compared with traditional long-only mutual fund strategies.
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The fund requires a minimum investment of ₹10 lakh and is positioned between traditional mutual funds and higher-ticket investment products such as portfolio management services and alternative investment funds.
According to the asset manager, the strategy will also seek opportunities from corporate actions and other special situations to generate additional returns.
For taxation, long-term capital gains on investments held for more than 12 months will be taxed at 12.5% plus applicable surcharge and cess.
Aditya Birla Capital Limited and Sun Life (India) AMC Investments Inc. are the promoters and major shareholders of the asset management company.
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