Arudha Equity Long-Short Fund-Regular Plan-Growth - SIF

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

-2.54%

3 Months

-3.40%

6 Months

-1.61%

Since Inception

+2.45%

from 2026-03-30

CAGR (Inception)

—

< 1 yr history

NAV 10.0650 as of 2026-10-21 · 205 days of history

Risk Indicators

Max Drawdown

-6.10%

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

-0.18

Return per unit of total risk, above a 6% risk-free rate

Sortino ratio

-0.24

Same, but counting only the falls

Beta vs Nifty 500

0.52

1.0 moves with the index; lower means more hedged

Down capture

53%

Share of the index's falls it took on down days (lower is better)

Up capture

51%

Share of the index's gains it kept on up days

Worst month

-4.01%

Sep 2026

Best month

3.29%

Apr 2026

Positive months

4 of 7

Completed calendar months that gained

Drawdown recovery

Not yet

13 days since the worst low

Below its high

-4.87%

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 file

Strategy 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.

Outright equity 77.7% Debt & money market 6.0% Cash & receivables 16.3%

Short on stocks not held: 5.1% Stock futures bought: 0.9% Index futures: -2.9% Net equity exposure 71%

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

Banks 13.7%Finance 9.3%Capital Markets 5.8%Pharmaceuticals & Biotechnology 5.5%Telecom - Services 5.1%Realty 4.0%Automobiles 3.1%Healthcare Services 2.8%

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

Compare with

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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	·	·	·	+3.3	-1.0	+2.0	+2.3	+0.2	-4.0	-0.2	·	·	+2.5
Avg	·	·	·	+3.3	-1.0	+2.0	+2.3	+0.2	-4.0	·	·	·	·

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

Arudha Equity Long-Short Fund-Direct Plan-Growth D Arudha Equity Long-Short Fund-Regular Plan-Annual IDCW Arudha Equity Long-Short Fund-Regular Plan-Monthly IDCW Arudha Equity Long-Short Fund-Regular Plan-Quarterly IDCW