iSIF SIF · SIF · SIF-36
iSIF Hybrid Long-Short Fund - Direct Plan - Growth
Hybrid · Hybrid Long-Short Fund · Interval Fund · Direct Growth
ISIN (Payout): INF109K30026
Strategy facts
- Declared benchmark
- CRISIL Hybrid 50+50 Moderate Index
- Fund managers
- Rajat Chandak (since Feb 2026), Ayush Shah (since Feb 2026), Manish Banthia (since Feb 2026), Akhil Kakkar (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
- Annual expenses Regular Plan : 2.47 % of the daily net assets Direct Plan: 1.15%
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/I/H/HLSF/25/11/0001/ICIC
- 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 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
The Investment Strategy intends to predominantly invest in equity and equity related securities with an aim to achieve capital appreciation over long term, and also invest in Debt instruments to generate regular income. The Investment Strategy can also adopt equity and debt derivative strategies. The Investment Strategy can also invest in units of InVITs. 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
-4.01%
3 Months
-0.75%
6 Months
+1.66%
Since Inception
+1.55%
from 2026-02-05
CAGR (Inception)
—
< 1 yr history
Risk Indicators
Max Drawdown
-8.95%
Worst peak‑to‑trough fall since inception
Annualised Volatility
12.22%
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
-0.25
Return per unit of total risk, above a 6% risk-free rate
Sortino ratio
-0.36
Same, but counting only the falls
Beta vs Hybrid 50:50 (proxy)
1.31
1.0 moves with the index; lower means more hedged
Down capture
122%
Share of the index's falls it took on down days (lower is better)
Up capture
143%
Share of the index's gains it kept on up days
Worst month
-7.31%
Mar 2026
Best month
7.45%
Apr 2026
Positive months
5 of 8
Completed calendar months that gained
Drawdown recovery
79 days
From the worst low back to the old high
Below its high
-5.63%
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 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.
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 | 14 Oct 2026 | 1.59 |
| Apr-Jun 2026 | 15 Jul 2026 | 1.09 |
| Jan-Mar 2026 | 15 Apr 2026 | 1.00 |
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 | · | · | -7.3 | +7.5 | +0.0 | +3.0 | +3.2 | +2.1 | -3.3 | -2.3 | · | · | +2.2 |
| Avg | · | · | -7.3 | +7.5 | +0.0 | +3.0 | +3.2 | +2.1 | -3.3 | · | · | · | · |
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 · Hybrid Long-Short Fund
Minimum investment ₹10 lakh. SIF data from AMFI. Not investment advice. Verify all information with the fund house before investing.