Titanium Hybrid Long-Short Fund Regular Plan IDCW Payout - SIF

Strategy facts

Declared benchmark: CRISIL Hybrid 50+50 - Moderate Index
Fund managers: FM-1 Suraj Nanda (since Nov 2025), FM-2 Akhil Mittal (since Nov 2025), FM-3 Hasmukh Devji Vishariya (since Nov 2025)
Launched: 24 Nov 2025
Minimum investment: ₹10 lakh
Risk level (1 low, 5 high): Level 5
Expense ratio, as filed with AMFI: Regular upto 2.10%, Direct upto 2.10%
Houses fill this field differently. It may be the base expense ratio only, before GST, brokerage and transaction costs.
Custodian: ICICI Bank LTD
SEBI code: TSIF/I/H/HLSF/25/09/0001/TATA
Exit load: 1. Redemption/Switch-out on or before expiry of 1 month from the date of allotment: 1% 2. Redemption/Switch-out after expiry of 1 month from the date of allotment-Nil

Investment objective

To generate medium to long term capital appreciation by investing in equity and equity related instruments as well as debt and money market instruments, including limited short exposure in equity and debt through derivatives. However, 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

-2.51%

3 Months

-2.84%

6 Months

-1.36%

Since Inception

-1.89%

from 2025-12-17

CAGR (Inception)

—

< 1 yr history

NAV 9.8116 as of 2026-10-21 · 308 days of history

Risk Indicators

Max Drawdown

-7.66%

Worst peak‑to‑trough fall since inception

Annualised Volatility

8.40%

How bumpy the daily NAV journey is

Based on 308 days of NAV history. Green < 5% MDD / < 12% vol · Amber 5-10% / 12-20% · Red > 10% / > 20%

Risk-adjusted ratios

Since inception, from 207 daily returns. Short histories make these noisy, so treat them as provisional.

Sharpe ratio

-0.95

Return per unit of total risk, above a 6% risk-free rate

Sortino ratio

-1.30

Same, but counting only the falls

Beta vs Hybrid 50:50 (proxy)

0.93

1.0 moves with the index; lower means more hedged

Down capture

90%

Share of the index's falls it took on down days (lower is better)

Up capture

94%

Share of the index's gains it kept on up days

Worst month

-7.02%

Mar 2026

Best month

5.35%

Apr 2026

Positive months

7 of 10

Completed calendar months that gained

Drawdown recovery

98 days

From the worst low back to the old high

Below its high

-4.01%

How far today's NAV is under the highest NAV so far

Beta and capture use the hybrid 50:50 proxy described under the growth chart, matched on 206 common trading days.

Portfolio · as on 31 Mar 2026

House's portfolio file

Strategy assets

₹483 cr

Net assets in the portfolio file

Equity held

50.0%

44 stocks, top 10 = 23.9%

Futures, net

+8.0%

Short -4.2% · long +12.2%

Net equity exposure

57.9%

Equity held plus futures

How the book is built

Light equity, little hedging; 32% in debt and money market.

Outright equity 50.0% Debt & money market 32.0% Cash & receivables 15.7% REITs & InvITs 2.5%

Options sold against 13% of NAV Short on stocks not held: 4.2% Stock futures bought: 12.2% Net equity exposure 58%

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. This house's file does not say whether its options are calls or puts.

Asset mix, % of net assets

Equity held +50.0%
Debt +23.8%
Cash & TREPS +9.5%
Money market +8.2%
Futures +8.0%
Net receivables +6.2%
REITs & InvITs +2.5%
Options -0.2%

Blue bars add to the portfolio, orange bars are short or negative positions.

Top 10 stocks held

ICICI BANK LTD.Private Sector Bank	4.04%
HDFC BANK LTD.Private Sector Bank	3.89%
RELIANCE INDUSTRIES LTD.Refineries & Marketing	2.64%
MAHINDRA & MAHINDRA LTD.Passenger Cars & Utility Vehicles	2.63%
LARSEN & TOUBRO LTD.Civil Construction	2.61%
BHARTI AIRTEL LTD.Telecom - Cellular & Fixed line services	2.51%
SUN PHARMACEUTICAL INDUSTRIES LTD.Pharmaceuticals	1.45%
AXIS BANK LTD.Private Sector Bank	1.44%
LIFE INSURANCE CORPORATION OF INDIALife Insurance	1.35%
ITC LTD.Diversified FMCG	1.31%

Largest short positions (26 in total)

MAX FINANCIAL SERVICES LTD.Futures	-0.74%
L&T FINANCE LTD.Futures	-0.67%
DALMIA BHARAT LTD.Futures	-0.60%
UNION BANK OF INDIAFutures	-0.60%
ETERNAL LTD.Futures	-0.58%
FEDERAL BANK LTD.Futures	-0.54%
PERSISTENT SYSTEMS LTD.Futures	-0.49%
HDFC BANK LTD.Options	-0.02%
AXIS BANK LTD.Options	-0.02%
RELIANCE INDUSTRIES LTD.Options	-0.01%

Stocks held, by industry

Private Sector Bank 10.1%Telecom - Cellular & Fixed line services 3.6%Passenger Cars & Utility Vehicles 3.3%Refineries & Marketing 3.2%Civil Construction 2.6%Life Insurance 2.2%Cement & Cement Products 2.0%Oil Exploration & Production 1.5%

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

2025-12-17 → 2026-10-21

Compare with

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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.

This strategy's declared benchmark is CRISIL Hybrid 50+50 - Moderate Index, which we don't hold as a daily series. The benchmark line is a Lens-computed stand-in for the CRISIL Hybrid 50+50 Moderate Index: 50% Nifty 200 and 50% Nifty Composite G-Sec, rebalanced daily. CRISIL's own index uses the BSE 200 and its Composite Bond index, whose daily values aren't public. The equity half is a price index, so it leaves out dividends and slightly flatters the strategy.

Fund house's own money in this strategy

Quarter	Valued on	₹ crore
Jul-Sep 2026	30 Sep 2026	0.76
Apr-Jun 2026	30 Jun 2026	0.71
Jan-Mar 2026	31 Mar 2026	0.53
Oct-Dec 2025	31 Dec 2025	0.35

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 (Dec 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	-1.2	+1.3	-7.0	+5.4	+0.4	+1.6	+0.6	+0.6	-3.0	-0.6	·	·	-2.4
Avg	-1.2	+1.3	-7.0	+5.4	+0.4	+1.6	+0.6	+0.6	-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: Titanium SIF · Hybrid Long-Short Fund

Titanium Hybrid Long-Short Fund Direct Plan Growth D Titanium Hybrid Long-Short Fund Direct Plan IDCW Payout D Titanium Hybrid Long-Short Fund Direct Plan IDCW Reinvestment D Titanium Hybrid Long-Short Fund Regular Plan Growth Titanium Hybrid Long-Short Fund Regular Plan IDCW Reinvestment