qsif SIF · SIF · SIF-5
qsif Hybrid Long-Short Fund - Growth Option - Direct Plan
Hybrid · Hybrid Long-Short Fund · Interval Fund · Direct Growth
ISIN (Payout): INF966L30076
Strategy facts
- Declared benchmark
- NIFTY 50 HYBRID COMPOSITE DEBT 50:50 INDEX
- Fund managers
- Sandeep Tandon (since Oct 2025), Ankit Pande (since Oct 2025), Sameer Kate (since Oct 2025), Sanjeev Sharma (since Oct 2025), Jignesh Shah (since Feb 2026)
- Launched
- 25 Sep 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: 3.66% Direct: 2.19%
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/I/H/HLSF/25/09/0002/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 achieve a blend of capital appreciation and income generation by maintaining a balanced exposure to equity and debt instruments, with a minimum of 25% in each, while utilizing up to 25% in short derivative positions to enhance returns and manage risk efficiently.
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
-2.36%
3 Months
+18.90%
6 Months
+22.51%
Since Inception
+27.52%
from 2025-10-20
CAGR (Inception)
+27.46%
annualised
Risk Indicators
Max Drawdown
-4.38%
Worst peak‑to‑trough fall since inception
Annualised Volatility
10.42%
How bumpy the daily NAV journey is
Based on 366 days of NAV history. Green < 5% MDD / < 12% vol · Amber 5-10% / 12-20% · Red > 10% / > 20%
Risk-adjusted ratios
Since inception, from 246 daily returns. Short histories make these noisy, so treat them as provisional.
Sharpe ratio
1.87
Return per unit of total risk, above a 6% risk-free rate
Sortino ratio
4.25
Same, but counting only the falls
Beta vs Hybrid 50:50 (proxy)
0.39
1.0 moves with the index; lower means more hedged
Down capture
10%
Share of the index's falls it took on down days (lower is better)
Up capture
68%
Share of the index's gains it kept on up days
Worst month
-1.29%
Jan 2026
Best month
16.91%
Sep 2026
Positive months
7 of 12
Completed calendar months that gained
Drawdown recovery
Not yet
0 days since the worst low
Below its high
-4.38%
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 245 common trading days.
Portfolio · as on 30 Sep 2026
House's portfolio fileStrategy assets
₹663 cr
Net assets in the portfolio file
Equity held
33.9%
11 stocks, top 10 = 32.9%
Futures, net
+3.9%
Short -2.2% · long +6.1%
Net equity exposure
37.8%
Equity held plus futures
How the book is built
Light equity, little hedging; 26% in debt and money market; 11% in REITs and InvITs.
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
- Cash & TREPS +36.7%
- Equity held +33.9%
- Money market +24.1%
- REITs & InvITs +11.1%
- Net receivables -7.3%
- Futures +3.9%
- Debt +1.5%
Blue bars add to the portfolio, orange bars are short or negative positions.
Top 10 stocks held
| ESDS Software Solution LimitedIT - Services | 12.74% |
| Gujarat Themis Biosyn LtdPharmaceuticals & Biotechnology | 3.36% |
| Indegene LimitedHealthcare Services | 3.20% |
| Moneyview LimitedN.A. | 2.68% |
| Welspun Enterprises LimitedConstruction | 2.34% |
| ICICI Prudential AMC LtdCapital Markets | 2.13% |
| Caliber Mining and Logistics LimitedConsumable Fuels | 1.89% |
| Glaxosmithkline Pharmaceuticals LtdPharmaceuticals & Biotechnology | 1.68% |
| Sonata Software LimitedIT - Software | 1.43% |
| Prabha Energy LimitedOil | 1.42% |
Largest short positions (2 in total)
| Nestle India Ltd.Futures | -1.48% |
| Laurus Labs Ltd.Futures | -0.72% |
Stocks held, by industry
Net assets by portfolio date: Sep 2026 ₹663 cr · Jul 2026 ₹214 cr · May 2026 ₹158 cr · Mar 2026 ₹104 cr · Jan 2026 ₹132 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
2025-10-20 → 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.
This strategy's declared benchmark is NIFTY 50 HYBRID COMPOSITE DEBT 50:50 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 |
|---|---|---|
| Apr-Jun 2026 | 30 Jun 2026 | 0.11 |
| Jan-Mar 2026 | 31 Mar 2026 | 0.09 |
| Oct-Dec 2025 | 31 Dec 2025 | 0.08 |
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 (Oct 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 | -1.3 | +0.5 | -0.9 | +6.9 | -1.0 | +1.6 | +3.3 | +1.7 | +16.9 | -1.8 | · | · | +27.5 |
| 2025 | · | · | · | · | · | · | · | · | · | · | -0.4 | -0.1 | -0.5 |
| Avg | -1.3 | +0.5 | -0.9 | +6.9 | -1.0 | +1.6 | +3.3 | +1.7 | +16.9 | · | -0.4 | -0.1 | · |
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 · Hybrid Long-Short Fund
Minimum investment ₹10 lakh. SIF data from AMFI. Not investment advice. Verify all information with the fund house before investing.