iSIF SIF · SIF · SIF-127
iSIF Equity Long-Short Fund - Direct Plan - Growth
Equity Oriented · Equity Long-Short Fund · Open Ended Scheme · Direct Growth
ISIN (Payout): INF109K30083
Strategy facts
- Declared benchmark
- Nifty 500 TRI
- Fund managers
- Mittul Kalawadia (since Jun 2026), Nitya Mishra (since Jun 2026), Sri Sharma (since Jun 2026)
- Launched
- 19 May 2026
- Minimum investment
- ₹10 lakh
- Risk level (1 low, 5 high)
- Level 5
- Expense ratio, as filed with AMFI
- Total Expense Ratio (TER) - Regular Plan : 4.19% ; Direct plan : 2.72 %
Houses fill this field differently. It may be the base expense ratio only, before GST, brokerage and transaction costs.
- Custodian
- Citibank N.A,HDFC Bank Limited, HSBC Limited and SBI-SG Global Securities Services Private Limited
- SEBI code
- ISIF/O/E/ELSF/26/04/0004/ICIC
- Exit load
- Entry Load Nil Exit Load: • 1% of applicable Net Asset Value - If the amount sought to be redeemed or switched out within 12 months from allotment. • NIL - If the amount sought to be redeemed or switched out after 12 months. The Trustees shall have a right to prescribe or modify the exit load structure with prospective effect subject to
Investment objective
To generate capital appreciation in long term by predominantly investing in listed equity and equity related instruments. The Investment Strategy may also invest in various derivative instruments, including limited short exposure through unhedged derivative positions in equity up to 25%. There is no assurance that the investment objective of the Investment strategy will be achieved.
From AMFI's strategy details and the house's Scheme Summary Document, checked 16 Oct 2026. Strategy document (PDF) Summary document (PDF)
Returns (as of 2026-10-22)
1 Month
-5.18%
3 Months
-0.58%
6 Months
—
Since Inception
+2.50%
from 2026-06-08
CAGR (Inception)
—
< 1 yr history
Risk Indicators
Max Drawdown
-6.31%
Worst peak‑to‑trough fall since inception
Annualised Volatility
10.02%
How bumpy the daily NAV journey is
Based on 136 days of NAV history. Green < 5% MDD / < 12% vol · Amber 5-10% / 12-20% · Red > 10% / > 20%
Risk-adjusted ratios
Since inception, from 94 daily returns. Short histories make these noisy, so treat them as provisional.
Sharpe ratio
0.11
Return per unit of total risk, above a 6% risk-free rate
Sortino ratio
0.14
Same, but counting only the falls
Beta vs Nifty 500
0.69
1.0 moves with the index; lower means more hedged
Down capture
61%
Share of the index's falls it took on down days (lower is better)
Up capture
76%
Share of the index's gains it kept on up days
Worst month
-3.02%
Sep 2026
Best month
4.10%
Aug 2026
Positive months
3 of 4
Completed calendar months that gained
Drawdown recovery
Not yet
0 days since the worst low
Below its high
-6.31%
How far today's NAV is under the highest NAV so far
Beta and capture use the Nifty 500 price index, matched on 94 common trading days.
Growth of ₹100 since inception
2026-06-08 → 2026-10-22
| Since inception | Return | Max drawdown |
|---|
All rebased to ₹100 at the SIF's inception. SIFs are long-short (hedged) and aim for a smaller max drawdown rather than out-running a fully-invested fund/index in a rising market, so weigh the drawdown column alongside return.
Fund house's own money in this strategy
| Quarter | Valued on | ₹ crore |
|---|---|---|
| Jul-Sep 2026 | 14 Oct 2026 | 2.65 |
| Apr-Jun 2026 | 15 Jul 2026 | 2.60 |
What the fund house itself has invested in this strategy, as filed with AMFI each quarter. This is the house's own stake, not the size of the strategy (AUM). AMFI does not publish AUM for individual SIF strategies.
Monthly returns · since inception (Jun 2026)
How each calendar month went: green months gained, red months lost. Deeper colour = bigger move.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | · | · | · | · | · | · | +3.0 | +4.1 | -3.0 | -3.2 | · | · | +0.7 |
| Avg | · | · | · | · | · | · | +3.0 | +4.1 | -3.0 | · | · | · | · |
All values in %. Each cell compares the last NAV of the month with the last NAV of the month before. The latest month is month-to-date; the Year column compounds the months shown on that row.
Other plans: iSIF SIF · Equity Long-Short Fund
Minimum investment ₹10 lakh. SIF data from AMFI. Not investment advice. Verify all information with the fund house before investing.