qsif Actice Asset Allocator Long-Short Fund - IDCW Option - Regular Plan - SIF

Strategy facts

Declared benchmark: 40% NSE 500 TRI + 30% CRISIL Short Term Bond Fund Index + 30% iCOMDEX Composite Index
Fund managers: Sandeep Tandon (since Apr 2026), Jignesh Shah (since Apr 2026), Ankit Pande (since Apr 2026), Sameer Kate (since Apr 2026), Sanjeev Sharma (since Apr 2026)
Launched: 02 Apr 2026
Minimum investment: ₹10 lakh
Risk level (1 low, 5 high): Level 3 (was Level 5 at launch)
Expense ratio, as filed with AMFI: Regular-3.73% Direct- 2.30%
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/AALS/25/10/0004/QNTM
Exit load: Exit Load: 3% if redeemed/switched out on or before completion of 30 days from the date of allotment of units No Exit Load is payable if Units are redeemed / switched-out after 30 days from the date of allotment

Investment objective

To achieve long-term capital appreciation and income generation by dynamically allocating investments across multiple asset classes—equity, debt, equity and debt derivatives, REITs/InVITs, and commodity derivatives—while utilizing up to 25% short exposure on permitted instruments through derivatives to optimize returns and manage risk efficiently. 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

-3.83%

3 Months

+15.64%

6 Months

—

Since Inception

+26.00%

from 2026-04-24

CAGR (Inception)

—

< 1 yr history

NAV 12.6119 as of 2026-10-21 · 180 days of history

Risk Indicators

Max Drawdown

-5.29%

Worst peak‑to‑trough fall since inception

Annualised Volatility

12.70%

How bumpy the daily NAV journey is

Based on 180 days of NAV history. Green < 5% MDD / < 12% vol · Amber 5-10% / 12-20% · Red > 10% / > 20%

Risk-adjusted ratios

Since inception, from 122 daily returns. Short histories make these noisy, so treat them as provisional.

Sharpe ratio

3.35

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

Sortino ratio

8.21

Same, but counting only the falls

Beta vs Hybrid 50:50 (proxy)

0.56

1.0 moves with the index; lower means more hedged

Down capture

0%

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

Up capture

120%

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

Worst month

-0.06%

Apr 2026

Best month

13.62%

Sep 2026

Positive months

5 of 6

Completed calendar months that gained

Drawdown recovery

Not yet

0 days since the worst low

Below its high

-5.29%

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 122 common trading days.

Portfolio · as on 30 Sep 2026

House's portfolio file

Strategy assets

₹909 cr

Net assets in the portfolio file

Equity held

35.9%

19 stocks, top 10 = 29.0%

Futures, net

+0.6%

Short -4.5% · long +5.1%

Net equity exposure

36.5%

Equity held plus futures

How the book is built

Light equity, little hedging; 57% in cash.

Outright equity 35.9% Debt & money market 6.8% Cash & receivables 57.3%

Short on stocks not held: 4.5% Stock futures bought: 5.1% Net equity exposure 36%

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 +60.0%
Equity held +35.9%
Money market +6.8%
Net receivables -2.8%
Futures +0.6%

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

Top 10 stocks held

ESDS Software Solution LimitedIT - Services	9.29%
Glenmark Pharmaceuticals LtdPharmaceuticals & Biotechnology	4.24%
Gujarat Themis Biosyn LtdPharmaceuticals & Biotechnology	3.20%
Aequs LtdAerospace & Defense	2.98%
LG Electronics India LimitedConsumer Durables	2.37%
ICICI Bank LimitedBanks	1.47%
Adani Power LimitedPower	1.42%
INDO-MIM LimitedIndustrial Manufacturing	1.41%
Indegene LimitedHealthcare Services	1.32%
ICICI Prudential AMC LtdCapital Markets	1.32%

Largest short positions (2 in total)

Laurus Labs Ltd.Futures	-3.02%
Nestle India Ltd.Futures	-1.49%

Stocks held, by industry

IT - Services 9.3%Pharmaceuticals & Biotechnology 8.0%Aerospace & Defense 3.0%Consumer Durables 2.4%IT - Software 1.7%Banks 1.5%Power 1.4%Industrial Manufacturing 1.4%

Net assets by portfolio date: Sep 2026 ₹909 cr · Jul 2026 ₹167 cr · May 2026 ₹64 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

2026-04-24 → 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 40% NSE 500 TRI + 30% CRISIL Short Term Bond Fund Index + 30% 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	30 Jun 2026	0.04

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	·	·	·	·	+2.6	+2.4	+8.1	+0.9	+13.6	-3.2	·	·	+26.1
Avg	·	·	·	·	+2.6	+2.4	+8.1	+0.9	+13.6	·	·	·	·

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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