Arudha SIF · SIF · SIF-61
Arudha Equity Long-Short Fund-Direct Plan-Growth
Equity Oriented · Equity Long-Short Fund · Open Ended Scheme · Direct Growth
ISIN (Payout): INF194K30523
Strategy facts
- Declared benchmark
- NIFTY 500 TRI
- Fund managers
- Equity Portion: FM 1 - Mr. Nilesh Saha Debt Portion: FM 1 - Mr. Brijesh Shah
- Launched
- 05 Mar 2026
- Minimum investment
- ₹10 lakh
- Risk level (1 low, 5 high)
- Level 5
- Expense ratio, as filed with AMFI
- Regular: 3.20, Direct: 1.69
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/O/E/ELSF/25/12/0002/BNDN
- Exit load
- •If redeemed/switched out on or within 30 days from the date of allotment: 0.50% of the applicable NAV. •If redeemed/switched out after 30 days from date of allotment - Nil.
Investment objective
The Investment strategy seeks to generate long-term capital appreciation by investing in a diversified portfolio of equity and equity-related instruments, including limited short exposure through derivatives There is 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
-2.41%
3 Months
-3.02%
6 Months
-0.86%
Since Inception
+3.34%
from 2026-03-30
CAGR (Inception)
—
< 1 yr history
Risk Indicators
Max Drawdown
-5.83%
Worst peak‑to‑trough fall since inception
Annualised Volatility
7.58%
How bumpy the daily NAV journey is
Based on 205 days of NAV history. Green < 5% MDD / < 12% vol · Amber 5-10% / 12-20% · Red > 10% / > 20%
Risk-adjusted ratios
Since inception, from 140 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
0.04
Same, but counting only the falls
Beta vs Nifty 500
0.51
1.0 moves with the index; lower means more hedged
Down capture
52%
Share of the index's falls it took on down days (lower is better)
Up capture
52%
Share of the index's gains it kept on up days
Worst month
-3.88%
Sep 2026
Best month
3.42%
Apr 2026
Positive months
5 of 7
Completed calendar months that gained
Drawdown recovery
Not yet
13 days since the worst low
Below its high
-4.54%
How far today's NAV is under the highest NAV so far
Beta and capture use the Nifty 500 price index, matched on 138 common trading days.
Portfolio · as on 30 Sep 2026
House's portfolio fileStrategy assets
₹133 cr
Net assets in the portfolio file
Equity held
77.7%
48 stocks, top 10 = 27.5%
Futures, net
-7.1%
Short -8.0% · long +0.9%
Net equity exposure
70.6%
Equity held plus futures
How the book is built
Outright equity, little hedging.
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
- Equity held +77.7%
- Cash & TREPS +13.4%
- Futures -7.1%
- Money market +5.2%
- Net receivables +2.9%
- Debt +0.8%
Blue bars add to the portfolio, orange bars are short or negative positions.
Top 10 stocks held
| ICICI Bank LtdBanks | 4.42% |
| HDFC Bank Ltd.Banks | 4.00% |
| Bharti Airtel Ltd.Telecom - Services | 3.46% |
| Mahindra and Mahindra LtdAutomobiles | 3.06% |
| Cipla Ltd.Pharmaceuticals & Biotechnology | 2.41% |
| TVS Holdings LtdFinance | 2.09% |
| Ipca Laboratories LimitedPharmaceuticals & Biotechnology | 2.02% |
| Shriram Finance Ltd.Finance | 2.02% |
| Bajaj Holdings & Investment LtdFinance | 2.01% |
| State Bank of IndiaBanks | 1.99% |
Largest short positions (12 in total)
| NIFTY 27/10/2026Futures | -2.88% |
| Hindustan Petroleum Corporation Ltd. 27/10/2026Futures | -0.75% |
| InterGlobe Aviation Ltd. 27/10/2026Futures | -0.62% |
| Page Industries Ltd. 27/10/2026Futures | -0.61% |
| Avenue Supermarts Ltd. 27/10/2026Futures | -0.60% |
| Trent Ltd. 27/10/2026Futures | -0.58% |
| United Spirits Ltd. 27/10/2026Futures | -0.57% |
| Voltas Limited 27/10/2026Futures | -0.54% |
| Ambuja Cements Ltd. 27/10/2026Futures | -0.47% |
| JSW Energy Ltd. 27/10/2026Futures | -0.36% |
Stocks held, by industry
Net assets by portfolio date: Sep 2026 ₹133 cr · Aug 2026 ₹128 cr · Jul 2026 ₹111 cr · Jun 2026 ₹91 cr · May 2026 ₹81 cr · Apr 2026 ₹68 cr · Mar 2026 ₹39 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
2026-03-30 → 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.
Fund house's own money in this strategy
| Quarter | Valued on | ₹ crore |
|---|---|---|
| Jul-Sep 2026 | 30 Sep 2026 | 0.15 |
| Apr-Jun 2026 | 30 Jun 2026 | 0.11 |
| Jan-Mar 2026 | 08 Apr 2026 | 0.07 |
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 (Mar 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 | · | · | · | +3.4 | -0.8 | +2.2 | +2.4 | +0.4 | -3.9 | -0.2 | · | · | +3.3 |
| Avg | · | · | · | +3.4 | -0.8 | +2.2 | +2.4 | +0.4 | -3.9 | · | · | · | · |
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 · Equity Long-Short Fund
Minimum investment ₹10 lakh. SIF data from AMFI. Not investment advice. Verify all information with the fund house before investing.