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<SchemeSummaryDocument xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"><SchemeSummary><Fund_Name>WSIF Equity Long Short Fund</Fund_Name><Option_Names_Regular__Direct>Plans:Regular and Direct. Each Plan offers the following sub-options:
a)Growth Option.
b)Income Distribution cum Capital Withdrawal (IDCW) Option. This Option offers following Sub-Options / facilities:
• Payout of Income Distribution cum Capital Withdrawal (IDCW) Option / facility and
• Re-investment of Income Distribution cum Capital Withdrawal (IDCW) Option / facility.</Option_Names_Regular__Direct><Fund_Type>An open ended equity investment strategy investing in listed equity and equity related instruments including limited short exposure in equity through derivative instruments</Fund_Type><Riskometer_At_the_time_of_Launch>Risk Band level 5</Riskometer_At_the_time_of_Launch><Riskometer_as_on_Date>Risk Band level 5</Riskometer_as_on_Date><Category_as_Per_SEBI_Categorization_Circular>Equity Long short</Category_as_Per_SEBI_Categorization_Circular><Potential_Risk_Class_as_on_date>Not applicable</Potential_Risk_Class_as_on_date><Description_Objective_of_the_scheme>To generate long-term capital appreciation by investing in a diversified portfolio of equity and equity-related instruments while utilizing limited short exposure through derivatives. There is no assurance that the investment objective of the Investment strategy will be achieved.</Description_Objective_of_the_scheme><Stated_Asset_Allocation>Equity and Equity Related Instruments (* including unhedged short exposure as mentioned below) :80%-100%
Debt and money market instruments: 0%-20%
Investment in INVITS 0%-20%. *Unhedged short exposure through unhedged derivative posiitons in equity and euqity realted securities - 25%</Stated_Asset_Allocation><Face_Value>Rs. 10.</Face_Value><NFO_Open_Date>April 15, 2026</NFO_Open_Date><NFO_Close_date>April 29, 2026</NFO_Close_date><Allotment_Date>May 6 ,2026</Allotment_Date><Reopen_Date>May 11, 2026</Reopen_Date><Maturity_Date_For_closedend_funds>Not applicable</Maturity_Date_For_closedend_funds><Benchmark_Tier_1>NIFTY 500 Total Return Index (TRI)</Benchmark_Tier_1><Benchmark_Tier_2>Not applicable</Benchmark_Tier_2><Fund_Manager_Name>Mr. Chinmay Sathe</Fund_Manager_Name><Fund_Manager_Type_PrimaryComanageDescription>FM 1 - Primary (Equity portion)</Fund_Manager_Type_PrimaryComanageDescription><Fund_Manager_From_Date>Managing Since Inception</Fund_Manager_From_Date><Annual_Expense_Stated_maximum>Regular 4.92, Direct 2.90</Annual_Expense_Stated_maximum><Exit_Load_if_applicable>NIL</Exit_Load_if_applicable><Custodian>HDFC Bank Limited</Custodian><Auditor>S.R. Batliboi &amp;amp; Co. LLP – Chartered Accountants</Auditor><Registrar>KFin Technologies Ltd (Kfin)</Registrar><RTA_Code_To_be_phased_out>NA</RTA_Code_To_be_phased_out><Listing_Details>Not applicable</Listing_Details><ISINs>WSIF EQUITY LONG-SHORT FUND-REGULAR-GROWTH-INF2F0030072
WSIF EQUITY LONG-SHORT FUND-REGULAR-INF2F0030080
WSIF EQUITY LONG-SHORT FUND-REGULAR-IDCW-REINVESTMENT-INF2F0030098
WSIF EQUITY LONG-SHORT FUND-DIRECT-GROWTH-INF2F0030106
WSIF EQUITY LONG-SHORT FUND-DIRECT-IDCW-PAYOUT-INF2F0030114
WSIF EQUITY LONG-SHORT FUND-DIRECT-IDCW-REINVESTMENT-INF2F0030122</ISINs><AMFI_Codes_To_be_phased_out>SIF-108 , SIF-109 , SIF-111,SIF-110</AMFI_Codes_To_be_phased_out><SEBI_Codes>WSIF/O/E/ELSF/26/01/0001/TWCF</SEBI_Codes><Minimum_Application_Amount>Rs.1000000</Minimum_Application_Amount><Minimum_Application_Amount_in_multiples_of_Rs>Rs 100</Minimum_Application_Amount_in_multiples_of_Rs><Minimum_Additional_Amount>Rs.10000</Minimum_Additional_Amount><Minimum_Additional_Amount_in_multiples_of_Rs>Rs 100</Minimum_Additional_Amount_in_multiples_of_Rs><Minimum_Redemption_Amount_in_Rs>1000</Minimum_Redemption_Amount_in_Rs><Minimum_Redemption_Amount_in_Units>100</Minimum_Redemption_Amount_in_Units><Minimum_Balance_Amount_if_applicable>1000000</Minimum_Balance_Amount_if_applicable><Minimum_Balance_in_Units_if_applicable>100000</Minimum_Balance_in_Units_if_applicable><Max_Investment_Amount>Not Applicable</Max_Investment_Amount><Minimum_Switch_Amount_if_applicable>Switch - in: Rs.1000000 and in multiples of Rs. 100 thereafter. 
Switch-out :Rs.1000 and in multiples of Rs 1 thereafter.</Minimum_Switch_Amount_if_applicable><Switch_Multiple_Units_if_applicable>Not applicable</Switch_Multiple_Units_if_applicable><Switch_Multiple_Amount_if_applicable>Rs.1</Switch_Multiple_Amount_if_applicable><Switch_Multiple_Units_if_applicable>Not applicable</Switch_Multiple_Units_if_applicable><Max_Switch_Amount>Not applicable</Max_Switch_Amount><Max_Switch_Units_if_applicable>Not applicable</Max_Switch_Units_if_applicable><Swing_Pricing_if_applicable>Not applicable</Swing_Pricing_if_applicable><Sidepocketing_if_applicable>Not Applicable</Sidepocketing_if_applicable><SIP_SWP__STP_Details_Frequency>SIP
For SIP -Daiy, Weekly,Fortnightly,Monthly,Quarterly
For SWP- monthly, Quarterly
For STP-Daily, Weekly,Fortnightly, Monthly, Quarterly</SIP_SWP__STP_Details_Frequency><IP_SWP__STP_Details_Maximum_Amount_if_any>SIP                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
Daily SIP:Rs 1000/-(and in multiples of Rs 100/-)                                                                                                                                                                                                                                                                                                                                              Weekly SIP: Rs. 1000/- (and in multiples of Rs. 100/-) 
Fortnightly SIP: Rs. 1000/- (and in multiples of Rs. 100/-) 
Monthly SIP: Rs. 1000/- (and in multiples of Rs. 100/-) 
Quarterly SIP: Rs. 1000/- (and in multiples of Rs. 100/-)
STP
Daily  SIP:1000/-  and in multiples of Rs 100/-                                                                                                                                                                                                                                                                                                                                                                                                                                          Weekly  SIP : 1000/- and in multiples of Rs 100/-                                                                                                                                                                                                                                                                                                                                                                                                                                     Fortnightly  SIP:1000/- and in multiples of Rs 100/-                                                                                                                                                                                                                                                                                                                                                                                                                       Monthly- Rs. 1000 and in multiples of Re. 100/- thereafter
Quarterly- Rs. 1000 and in multiples of Re. 100/- thereafter
SWP            
Monthly- Rs. 1000 and in multiples of Re. 100/- thereafter
Quarterly- Rs. 1000 and in multiples of Re. 100/- thereafter.</IP_SWP__STP_Details_Maximum_Amount_if_any><SIP_SWP__STP_Details_In_multiple_of>SIP                                                                                                                                                                                                                                                                                                                                                                                                                                                            
Daily SIP: in multiples of Rs 100/-                                                                                                                                                                                                                                                                                                                                                                                                                                               Weekly SIP: in multiples of Rs. 100/- 
Fortnightly SIP:  in multiples of Rs. 100/- 
Monthly SIP:  in multiples of Rs. 100/- 
Quarterly SIP:  in multiples of Rs. 100/- 
STP
Daily -  in multiples of Re. 100/- thereafter
Weekly-  in multiples of Re. 100/- thereafter
Fortnightly - in multiples of Re  100/- thereafter                                                                                                                                                                                                                                                                                                                                                                                                                        Monthly-  in multiples of Re. 100/- thereafter
Quarterly-  in multiples of Re. 100/- thereafter
SWP            
Monthly-  in multiples of Re. 100/- thereafter
Quarterly-   in multiples of Re. 100/- thereafter.</SIP_SWP__STP_Details_In_multiple_of><SIP_SWP_STP_Minimum_Instalments>SIP                                                                                                                                                                                                                                                                                                                                                                                                                                                           
 Daily SIP: Minimum installments:6                                                                                                                                                                                                                                                                                                                                                                                                                                            Weekly SIP: Minimum installments: 6
Fortnightly SIP: Minimum installments: 6
Monthly SIP: Minimum installments: 6
Quarterly SIP: Minimum installments: 6
STP
Daily -  Minimum installments: 6
Weekly-  Minimum installments: 6
Fortnightly - Minimum installments:6                                                                                                                                                                                                                                                                                                                                                                                                                      Monthly-  Minimum installments: 6
Quarterly-  Minimum installments: 6
SWP            
Monthly-  Minimum installments: 6
Quarterly-   Minimum installments: 6</SIP_SWP_STP_Minimum_Instalments><SIP_SWP_STP_Dates>Any Business day</SIP_SWP_STP_Dates><SIP_SWP__STP_Details_Maximum_Amount_if_any>Not Applicable</SIP_SWP__STP_Details_Maximum_Amount_if_any></SchemeSummary></SchemeSummaryDocument>