iSIF SIF · SIF · SIF-34
iSIF Equity Ex-Top 100 Long-Short Fund - Growth
Equity Oriented · Equity Ex-Top 100 Long-Short Fund · Open Ended Scheme · Regular Growth
ISIN (Payout): INF109K30034
Strategy facts
- Declared benchmark
- Nifty 500 TRI
- Fund managers
- Sankaran Naren (since Feb 2026), Manan Tijoriwala (since Feb 2026), Divya Jain (since Feb 2026)
- Launched
- 16 Jan 2026
- Minimum investment
- ₹10 lakh
- Risk level (1 low, 5 high)
- Level 5
- Expense ratio, as filed with AMFI
- Actual expenses as on August 31, 2026: Regular : 2.74 % Direct : 1.47%
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/EELS/25/11/0002/ICIC
- Exit load
- no entry load will be charged by the Investment Strategy to the investors. 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 the maximum prescribed under the Regulations.
Investment objective
To generate capital appreciation in long term by predominantly investing in equity and equity related securities of Ex – top 100 companies. The Investment Strategy may also invest in various derivative instruments, including short exposure through unhedged derivative positions in equity and equity related instruments of Ex – top 100 stocks upto 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
-4.35%
3 Months
-2.85%
6 Months
+0.30%
Since Inception
-1.00%
from 2026-02-05
CAGR (Inception)
—
< 1 yr history
Risk Indicators
Max Drawdown
-10.54%
Worst peak‑to‑trough fall since inception
Annualised Volatility
12.01%
How bumpy the daily NAV journey is
Based on 259 days of NAV history. Green < 5% MDD / < 12% vol · Amber 5-10% / 12-20% · Red > 10% / > 20%
Risk-adjusted ratios
Since inception, from 175 daily returns. Short histories make these noisy, so treat them as provisional.
Sharpe ratio
-0.56
Return per unit of total risk, above a 6% risk-free rate
Sortino ratio
-0.77
Same, but counting only the falls
Beta vs Nifty 500
0.73
1.0 moves with the index; lower means more hedged
Down capture
68%
Share of the index's falls it took on down days (lower is better)
Up capture
75%
Share of the index's gains it kept on up days
Worst month
-8.72%
Mar 2026
Best month
8.78%
Apr 2026
Positive months
5 of 8
Completed calendar months that gained
Drawdown recovery
80 days
From the worst low back to the old high
Below its high
-5.27%
How far today's NAV is under the highest NAV so far
Beta and capture use the Nifty 500 price index, matched on 174 common trading days.
Growth of ₹100 since inception
2026-02-05 → 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 | 3.07 |
| Apr-Jun 2026 | 15 Jul 2026 | 2.17 |
| Jan-Mar 2026 | 15 Apr 2026 | 1.95 |
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 (Feb 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 | · | · | -8.7 | +8.8 | +1.1 | +1.3 | +2.9 | +0.5 | -2.7 | -2.0 | · | · | +0.3 |
| Avg | · | · | -8.7 | +8.8 | +1.1 | +1.3 | +2.9 | +0.5 | -2.7 | · | · | · | · |
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 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.