DynaSIF Active Asset Allocator Long- Short Fund - Direct Plan - Growth Option - SIF

Strategy facts

Declared benchmark: 25% BSE SENSEX TRI + 60% CRISIL Short Term Bond Fund Index + 15% iCOMDEX Composite Index
Fund managers: Harsh Agarwal, Milan Mody, Rahul Khetawat, Pranav Mise
Launched: 06 Mar 2026
Minimum investment: ₹10 lakh
Risk level (1 low, 5 high): Level 3 (was Level 2 at launch)
Expense ratio, as filed with AMFI: Regular 1.63, Direct 0.53
Houses fill this field differently. It may be the base expense ratio only, before GST, brokerage and transaction costs.
Custodian: Deutsche Bank AG
SEBI code: DYNA/I/H/AALS/25/12/0002/360O
Exit load: 0.5% if redeemed within 3 months from date of allotment of units . No exit load is payable for redemption after 3 months from the date of allotment of units

Investment objective

To generate capital appreciation and income generation with dynamic allocation to different asset classes like equities, InVITs, commodities and fixed income layered with derivatives long-short trading strategies. 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 2026-10-21)

1 Month

-1.67%

3 Months

-0.14%

6 Months

+2.01%

Since Inception

+3.76%

from 2026-03-30

CAGR (Inception)

—

< 1 yr history

NAV 10.3980 as of 2026-10-21 · 205 days of history

Risk Indicators

Max Drawdown

-1.85%

Worst peak‑to‑trough fall since inception

Annualised Volatility

4.73%

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 137 daily returns. Short histories make these noisy, so treat them as provisional.

Sharpe ratio

0.19

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

Sortino ratio

0.29

Same, but counting only the falls

Beta vs Hybrid 50:50 (proxy)

0.45

1.0 moves with the index; lower means more hedged

Down capture

49%

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

Up capture

57%

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

Worst month

-0.78%

Sep 2026

Best month

1.47%

Jun 2026

Positive months

6 of 7

Completed calendar months that gained

Drawdown recovery

Not yet

0 days since the worst low

Below its high

-1.85%

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 136 common trading days.

Portfolio · as on 30 Sep 2026

House's portfolio file

Strategy assets

₹377 cr

Net assets in the portfolio file

Equity held

51.9%

33 stocks, top 10 = 32.3%

Futures, net

-0.7%

Short -0.7% · long +0.0%

Net equity exposure

51.2%

Equity held plus futures

How the book is built

Option selling: options sold against 15% of NAV; 34% in debt and money market.

Outright equity 51.2% Hedged by own futures (arbitrage) 0.7% Debt & money market 33.9% Cash & receivables 11.4%

Options sold against 15% of NAV Calls sold on 15% (caps the upside) Net equity exposure 51%

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 +51.9%
Debt +28.0%
Cash & TREPS +8.5%
Money market +5.9%
Commodity derivatives +3.7%
Net receivables +3.0%
Futures -0.7%
Options -0.3%

Blue bars add to the portfolio, orange bars are short or negative positions.

Top 10 stocks held

Mindspace Business Parks REITRealty	4.99%
Knowledge Realty TrustRealty	4.94%
Embassy Office Parks REITRealty	4.82%
National Highways Infra TrustTransport Infrastructure	3.73%
Nexus Select Trust - REITRealty	2.80%
Bharti Airtel LimitedTelecom - Services	2.36%
Vertis Infrastructure TrustTransport Infrastructure	2.21%
Cube Highways Trust-InvIT FundTransport Infrastructure	2.18%
Bagmane Prime Office REITRealty	2.13%
Capital Infra TrustConstruction	2.12%

Largest short positions (21 in total)

FUTCOM_SILVERM_30/11/2026Commodity derivatives	-3.24%
Adani Energy Solutions Limited October 2026 FutureFutures	-0.71%
The Indian Hotels Company Limited 730 Call October 2026 OptionOptions	-0.03%
Kotak Mahindra Bank Limited 410 Call October 2026 OptionOptions	-0.03%
One 97 Communications Limited 1700 Call October 2026 OptionOptions	-0.03%
Varun Beverages Limited 440 Call October 2026 OptionOptions	-0.02%
Reliance Industries Limited 1200 Call October 2026 OptionOptions	-0.02%
Adani Ports and Special Economic Zone Limited 1780 Call October 2026 OptionOptions	-0.02%
Bharti Airtel Limited 1820 Call October 2026 OptionOptions	-0.01%
FSN E-Commerce Ventures Limited 330 Call October 2026 OptionOptions	-0.01%

Stocks held, by industry

Realty 20.3%Transport Infrastructure 10.8%Telecom - Services 4.3%Power 2.4%Automobiles 2.2%Construction 2.1%Banks 2.0%Retailing 1.7%

Net assets by portfolio date: Sep 2026 ₹377 cr · Jul 2026 ₹214 cr · May 2026 ₹195 cr · Mar 2026 ₹131 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.

This strategy's declared benchmark is 25% BSE SENSEX TRI + 60% CRISIL Short Term Bond Fund Index + 15% iCOMDEX Composite 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	06 Jul 2026	0.24
Jan-Mar 2026	06 Apr 2026	0.10

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	·	·	·	+1.0	+0.6	+1.5	+1.0	+1.3	-0.8	-0.9	·	·	+3.8
Avg	·	·	·	+1.0	+0.6	+1.5	+1.0	+1.3	-0.8	·	·	·	·

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.

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