Arudha SIF · SIF · SIF-51
Arudha Hybrid Long-Short Fund-Direct Plan-Annual IDCW
Hybrid · Hybrid Long-Short Fund · Interval Fund · Direct IDCW
ISIN (Payout): INF194K30259 ISIN (Reinvest): INF194K30333
Strategy facts
- Declared benchmark
- CRISIL Hybrid 85+15 Conservative Index
- Fund managers
- Debt Portion: FM 1 - Mr. Brijesh Shah, Debraj Lahiri Equity Portion: FM 1 - Mr. Kapil Kankonkar, Nilesh Saha
- Launched
- 09 Jan 2026
- Minimum investment
- ₹10 lakh
- Risk level (1 low, 5 high)
- Level 1 (was Level 2 at launch)
- Expense ratio, as filed with AMFI
- Regular: 1.26, Direct: 0.82
Houses fill this field differently. It may be the base expense ratio only, before GST, brokerage and transaction costs.
- Custodian
- Axis Bank
- SEBI code
- ASIF/I/H/HLSF/25/12/0001/BNDN
- Exit load
- NIL
Investment objective
The investment objective of the strategy is to generate optimal returns by investing predominantly in equity and debt securities, including limited short exposure in equity and debt through derivatives. Disclaimer: However, there can be no assurance that the investment objective of the investment strategy will be realized.
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
+0.21%
3 Months
+0.93%
6 Months
+2.81%
Since Inception
+3.23%
from 2026-04-08
CAGR (Inception)
—
< 1 yr history
Risk Indicators
Max Drawdown
-0.26%
Worst peak‑to‑trough fall since inception
Annualised Volatility
1.22%
How bumpy the daily NAV journey is
Based on 196 days of NAV history. Green < 5% MDD / < 12% vol · Amber 5-10% / 12-20% · Red > 10% / > 20%
Risk-adjusted ratios
Since inception, from 133 daily returns. Short histories make these noisy, so treat them as provisional.
Sharpe ratio
0.03
Return per unit of total risk, above a 6% risk-free rate
Sortino ratio
0.06
Same, but counting only the falls
Beta vs Hybrid 50:50 (proxy)
0.06
1.0 moves with the index; lower means more hedged
Down capture
-1%
Share of the index's falls it took on down days (lower is better)
Up capture
13%
Share of the index's gains it kept on up days
Worst month
0.20%
Aug 2026
Best month
1.60%
Jun 2026
Positive months
6 of 6
Completed calendar months that gained
Drawdown recovery
7 days
From the worst low back to the old high
Below its high
0.00%
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 132 common trading days.
Portfolio · as on 30 Sep 2026
House's portfolio fileStrategy assets
₹158 cr
Net assets in the portfolio file
Equity held
38.7%
63 stocks, top 10 = 14.1%
Futures, net
-38.8%
Short -38.8% · long +0.0%
Net equity exposure
-0.1%
Equity held plus futures
How the book is built
Arbitrage: 38% of NAV is stock held against its own short futures; 57% in debt and money market.
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
- Debt +43.7%
- Futures -38.8%
- Equity held +38.7%
- Money market +13.1%
- Cash & TREPS +3.4%
- Net receivables +1.1%
Blue bars add to the portfolio, orange bars are short or negative positions.
Top 10 stocks held
| Icici Bank LtdBanks | 2.87% |
| Hdfc Bank Ltd.Banks | 1.84% |
| State Bank Of IndiaBanks | 1.55% |
| Bharti Airtel Ltd.Telecom - Services | 1.38% |
| Bajaj Finance Ltd.Finance | 1.28% |
| Reliance Industries LtdPetroleum Products | 1.17% |
| Adani Green Energy LtdPower | 1.12% |
| Axis Bank LtdBanks | 1.02% |
| Larsen And Toubro LtdConstruction | 0.96% |
| Vodafone Idea Ltd.Telecom - Services | 0.94% |
Largest short positions (63 in total)
| ICICI Bank Ltd 27/10/2026Futures | -2.89% |
| HDFC Bank Ltd. 27/10/2026Futures | -1.86% |
| State Bank of India 27/10/2026Futures | -1.56% |
| Bharti Airtel Ltd. 27/10/2026Futures | -1.38% |
| Bajaj Finance Ltd. 27/10/2026Futures | -1.29% |
| Reliance Industries Ltd 27/10/2026Futures | -1.17% |
| Adani Green Energy Ltd 27/10/2026Futures | -1.12% |
| Axis Bank Ltd 27/10/2026Futures | -1.02% |
| Larsen and Toubro Ltd 27/10/2026Futures | -0.96% |
| Vodafone Idea Ltd. 27/10/2026Futures | -0.94% |
Stocks held, by industry
Net assets by portfolio date: Sep 2026 ₹158 cr · Sep 2026 ₹152 cr · Aug 2026 ₹147 cr · Aug 2026 ₹129 cr · Jul 2026 ₹117 cr · Jul 2026 ₹113 cr · Jun 2026 ₹109 cr · Jun 2026 ₹108 cr · May 2026 ₹130 cr · May 2026 ₹143 cr · Apr 2026 ₹114 cr · Apr 2026 ₹75 cr · Mar 2026 ₹65 cr · Mar 2026 ₹53 cr · Feb 2026 ₹54 cr · Feb 2026 ₹41 cr · Jan 2026 ₹38 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
2026-04-08 → 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 CRISIL Hybrid 85+15 Conservative 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 | 7.37 |
| Apr-Jun 2026 | 30 Jun 2026 | 7.29 |
| Jan-Mar 2026 | 08 Apr 2026 | 7.15 |
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 (Apr 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 | · | · | · | · | +0.2 | +1.6 | +0.5 | +0.2 | +0.3 | +0.2 | · | · | +3.0 |
| Avg | · | · | · | · | +0.2 | +1.6 | +0.5 | +0.2 | +0.3 | · | · | · | · |
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: Arudha 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.