qsif SIF · SIF · SIF-26
qsif Equity Ex-Top 100 Long-Short Fund - IDCW Option - Regular Plan
Equity Oriented · Equity Ex-Top 100 Long-Short Fund · Open Ended Scheme · Regular IDCW
ISIN (Payout): INF966L30191 ISIN (Reinvest): INF966L30209
Strategy facts
- Declared benchmark
- NIFTY 500 Total Return Index (TRI)
- Fund managers
- Sandeep Tandon (since Nov 2025), Ankit Pande (since Nov 2025), Sameer Kate (since Nov 2025), Sanjeev Sharma (since Nov 2025), Jignesh Shah (since Feb 2026)
- Launched
- 24 Oct 2025
- Minimum investment
- ₹10 lakh
- Risk level (1 low, 5 high)
- Level 3 (was Level 5 at launch)
- Expense ratio, as filed with AMFI
- Regular: 4.07% Direct: 2.73%
Houses fill this field differently. It may be the base expense ratio only, before GST, brokerage and transaction costs.
- Custodian
- HDFC Bank Limited
- SEBI code
- QSIF/O/E/EELS/25/08/0003/QNTM
- Exit load
- 1% if redeemed/switched out on or before completion of 15 daysfrom the date of allotment of units No Exit Load is payable if Units are redeemed / switched-out after 15 days from the date of allotment
Investment objective
To generate long-term capital appreciation by investing primarily in equity and equity-related instruments of stocks outside the top 100 by market capitalization, while utilizing limited short exposure through derivatives to enhance returns and manage risk. 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 2026-10-21)
1 Month
-4.66%
3 Months
+1.18%
6 Months
+10.99%
Since Inception
+8.32%
from 2025-11-13
CAGR (Inception)
—
< 1 yr history
Risk Indicators
Max Drawdown
-14.66%
Worst peak‑to‑trough fall since inception
Annualised Volatility
13.09%
How bumpy the daily NAV journey is
Based on 342 days of NAV history. Green < 5% MDD / < 12% vol · Amber 5-10% / 12-20% · Red > 10% / > 20%
Risk-adjusted ratios
Since inception, from 231 daily returns. Short histories make these noisy, so treat them as provisional.
Sharpe ratio
0.27
Return per unit of total risk, above a 6% risk-free rate
Sortino ratio
0.41
Same, but counting only the falls
Beta vs Nifty 500
0.73
1.0 moves with the index; lower means more hedged
Down capture
60%
Share of the index's falls it took on down days (lower is better)
Up capture
79%
Share of the index's gains it kept on up days
Worst month
-7.72%
Mar 2026
Best month
15.24%
Apr 2026
Positive months
5 of 11
Completed calendar months that gained
Drawdown recovery
37 days
From the worst low back to the old high
Below its high
-6.34%
How far today's NAV is under the highest NAV so far
Beta and capture use the Nifty 500 price index, matched on 230 common trading days.
Portfolio · as on 30 Sep 2026
House's portfolio fileStrategy assets
₹1,110 cr
Net assets in the portfolio file
Equity held
67.0%
27 stocks, top 10 = 46.9%
Futures, net
+7.3%
Short -7.1% · long +14.4%
Net equity exposure
74.3%
Equity held plus futures
How the book is built
Outright equity, little hedging.
Each future and option is matched to the stock it is written on, and coverage is measured by contracts against shares held: the file shows options at their premium, which would make a collar over half the book look like well under 1% of it.
Asset mix, % of net assets
- Equity held +67.0%
- Cash & TREPS +29.4%
- Futures +7.3%
- Money market +4.5%
- Net receivables -0.9%
Blue bars add to the portfolio, orange bars are short or negative positions.
Top 10 stocks held
| Indus Towers LimitedTelecom - Services | 9.21% |
| Gujarat Themis Biosyn LtdPharmaceuticals & Biotechnology | 5.24% |
| National Stock Exchange of India LimitedN.A. | 4.89% |
| Zydus Lifesciences LimitedPharmaceuticals & Biotechnology | 4.34% |
| LG Electronics India LimitedConsumer Durables | 4.14% |
| Piramal Finance LtdFinance | 3.97% |
| Glaxosmithkline Pharmaceuticals LtdPharmaceuticals & Biotechnology | 3.94% |
| Indegene LimitedHealthcare Services | 3.89% |
| Aequs LtdAerospace & Defense | 3.89% |
| Sona BLW Precision Forgings LimitedAuto Components | 3.40% |
Largest short positions (1 in total)
| Laurus Labs Ltd.Futures | -7.11% |
Stocks held, by industry
Net assets by portfolio date: Sep 2026 ₹1,110 cr · Jul 2026 ₹420 cr · May 2026 ₹233 cr · Mar 2026 ₹188 cr · Jan 2026 ₹170 cr
From the house's own portfolio statement; SIFs must publish one at least every alternate month-end. Futures are counted at full contract value, so net equity exposure is equity held plus futures. Options are shown at their premium value, not their market exposure, so they are left out of that figure.
Growth of ₹100 since inception
2025-11-13 → 2026-10-21
| 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 |
|---|---|---|
| Apr-Jun 2026 | 30 Jun 2026 | 0.20 |
| Jan-Mar 2026 | 31 Mar 2026 | 0.16 |
| Oct-Dec 2025 | 31 Dec 2025 | 0.07 |
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 (Nov 2025)
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 | -4.8 | -1.0 | -7.7 | +15.2 | +1.3 | +4.1 | +7.6 | +2.2 | -1.3 | -4.0 | · | · | +10.2 |
| 2025 | · | · | · | · | · | · | · | · | · | · | · | -1.6 | -1.6 |
| Avg | -4.8 | -1.0 | -7.7 | +15.2 | +1.3 | +4.1 | +7.6 | +2.2 | -1.3 | · | · | -1.6 | · |
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: qsif SIF · Equity Ex-Top 100 Long-Short Fund
Minimum investment ₹10 lakh. SIF data from AMFI. Not investment advice. Verify all information with the fund house before investing.