Home/ SIF Funds/ Arudha Hybrid Long-Short Fund
Hybrid Long-Short

Arudha Hybrid Long-Short Fund

by Arudha Capital  |  Specialised Investment Fund  |  Min. ₹10 Lakh

Net Long ?Long book minus short book (% of NAV). The fund's actual unhedged market exposure after netting both sides.
61.5%
of NAV
Gross Exposure ?Long book + |Short book| in absolute terms. Values above 100% reflect leverage through derivatives.
138.3%
of NAV
Gross Short ?Absolute value of all short positions (% of NAV). Includes both hedged shorts (matched against a long holding) and naked shorts.
38.4%
Futures + Options
Naked Shorts ?Short positions with no matching long holding. Pure directional bets — unlike hedged shorts which simply offset a stock held long.
0%
all hedged
Positions
125
70 long + 55 short
Data As Of
Jul 2026
Updated monthly
Physical book at 100% — short book via derivatives only
Physical holdings (equity, debt, cash) sum to approximately 100% of NAV. The 38.4% gross short book is built entirely through futures or options. Net Long (61.5%) is the effective market exposure after netting the short derivatives against the physical book.

Portfolio Bifurcation — July 2026 (scroll right →)

EQUITY
+91.0%		DEBT
0%		COMMODITY
0%		CASH & EQUIV
+9.0%		OPTIONS
0%		FUTURES
-38.4%
Equity
Long?Equity stocks held long (% of NAV)		Debt
Long?Bonds and fixed-income instruments held long		Commodity
Long?Physical commodity ETFs or commodity fund units (e.g. gold ETFs)		Money
Market?Money market instruments: T-Bills, CDs, Commercial Papers		TREPS /
Repo?Tri-party repos and CCIL settlement receivables — overnight/very short-term, near-cash		Cash
Margin?Cash deposited as margin collateral for derivatives positions — earns repo rate		MF
Units?Units of other mutual funds held in portfolio (excluding commodity ETFs)		InvIT /
REIT?Real Estate Investment Trusts and Infrastructure Investment Trusts		Net
Rec/(Pay)?Net Current Assets: receivables minus payables. Negative = net liability		Long?Options held long — buyer paid the premiumShort?Options written or sold short — shown as absolute value of obligationLong?Futures contracts held long at notional value (% of NAV)Hedged
Short?Short futures matched against a corresponding equity long — limits downside on a held stock		Naked
Short?Short futures with no matching long — directional bet on a stock or index falling
+90.95%--+10.87%+1.69%----3.58%----38.41%-
All positions sum to: 61.52% of NAV
Last updated: July 2026  |  Next update: August 2026
Portfolio Allocation
July 2026
Equity (Long)
90.95%
Debt (Long)
0.00%
Cash & Equivalents
8.98%
Futures (Long)
0.00%
Options (Long)
0.00%
Gross Short ?Absolute value of all short positions. Includes hedged + naked shorts.
-38.41%
Holdings
70 long  +  55 short
Company% NAVMkt ValueWeight
6.68% GSEC BONDS- 07/07/2040
 9.97% ₹1,165L
7.42% SIDBI 2029(SR- VII) 12/03/2029 **
 8.56% ₹1,000L
7.7% Bajaj Finance Ltd - 20/9/2029 **
 8.52% ₹995L
7.85% Bajaj Housing Finance (01/09/2028) **
 4.30% ₹502L
7.44% UNSNCD NABARD - 17/07/2029
 4.29% ₹501L
7.12% EXIM Bank NCD (MD 27/06/2030) **
 4.28% ₹500L
(3MTBILL+3.15%):MUTHFIN 53A I:MAT:4.9.29 **
 4.28% ₹500L
7.3763% Bajaj Fin (Option II )26/06/28 **
 4.25% ₹497L
07.99% UNSEC NCD GSGL 2029 SR 2 26/3/29 **
 4.24% ₹496L
Adani Green Energy Ltd
 1.63% ₹191L
Axis Bank Ltd
 1.38% ₹161L
Jio Financial Services Ltd.
 1.34% ₹157L
State Bank of India
 1.32% ₹154L
Reliance Industries Ltd
 1.29% ₹150L
Bharti Airtel Ltd.
 1.28% ₹150L
Vodafone Idea Ltd.
 1.27% ₹149L
Adani Energy Solutions Ltd.
 1.24% ₹144L
Titan Company Ltd.
 1.24% ₹145L
AU Small Finance Bank Ltd
 1.08% ₹126L
Hindustan Petroleum Corporation Ltd.
 1.01% ₹118L
Sun Pharma Ind Ltd
 1.01% ₹118L
Eternal Limited
 1.01% ₹117L
JSW Steel Ltd.
 0.95% ₹111L
Punjab National Bank
 0.93% ₹108L
InterGlobe Aviation Ltd.
 0.93% ₹109L
InstrumentCoupon% NAVMkt Value
No debt holdings
TREPS / Repo
Instrument% NAVMkt Value
Clearing Corporation of India Ltd
 +1.69% ₹197L
Money Market
Instrument% NAVMkt Value
Interest Rate Swap - 30/07/2029 Fixed
 +4.28% ₹500L
CD - BANK OF BARODA - 05/03/2027
 +4.11% ₹480L
CD - PUNJAB NATIONAL BANK - 28/01/2027 **
 +2.48% ₹290L
Net Rec/(Pay)
Instrument% NAVMkt Value
Net Receivables / (Payables)
 +0.70% ₹82.2L
Interest Rate Swap - 30/07/2029 Floating
 -4.28% ₹500L
Estimated margin required: ~0.58% of NAV. Cash & equivalents stand at 9.0% — approximately 15x coverage. TREPS and money market instruments earn 6.5–7.5% p.a. — an active yield position, not idle margin reserve.

No options positions

Short Futures — Hedged
Contract% NAVMkt ValueExpiry
Crompton Greaves Consumer Electrical Ltd
 -0.05% ₹5.6L 25/08/2026
Godrej Properties Ltd.
 -0.06% ₹6.9L 25/08/2026
ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD
 -0.07% ₹8.1L 25/08/2026
Bharat Petroleum Corporation Ltd
 -0.11% ₹12.7L 25/08/2026
INDIAN HOTELS COMPANY LIMITED
 -0.13% ₹14.8L 25/08/2026
Cholamandalam Investment and Finance Com
 -0.20% ₹23.2L 25/08/2026
Indian Oil Corporation Ltd.
 -0.23% ₹27.2L 25/08/2026
Bank of India
 -0.25% ₹28.8L 25/08/2026
Adani Power Ltd
 -0.32% ₹37.7L 25/08/2026
TVS Motor Company Ltd
 -0.32% ₹37.8L 25/08/2026
Kotak Bank Ltd
 -0.34% ₹39.1L 25/08/2026
UPL Ltd.
 -0.35% ₹41.2L 25/08/2026
Max Financial Services Ltd.
 -0.41% ₹48.2L 25/08/2026
United Spirits Ltd.
 -0.47% ₹54.7L 25/08/2026
Hindalco Industries Ltd.
 -0.47% ₹54.8L 25/08/2026
Adani Enterprises Ltd.
 -0.48% ₹56.1L 25/08/2026
Maruti Suzuki India Ltd
 -0.48% ₹56.5L 25/08/2026
Bharat Electronics Ltd.
 -0.48% ₹55.5L 25/08/2026
Oil & Natural Gas Corporation Ltd.
 -0.51% ₹60.0L 25/08/2026
Larsen and Toubro Ltd
 -0.53% ₹62.3L 25/08/2026
Tata Consumer Products Ltd.
 -0.56% ₹65.9L 25/08/2026
LIC Housing Finance Limited
 -0.57% ₹67.0L 25/08/2026
Mahindra and Mahindra Ltd
 -0.58% ₹68.0L 25/08/2026
ICICI Bank Ltd
 -0.60% ₹70.1L 25/08/2026
RBL Bank Ltd.
 -0.61% ₹71.5L 25/08/2026
Indus Towers Ltd.
 -0.63% ₹73.5L 25/08/2026
Ambuja Cements Ltd.
 -0.63% ₹73.0L 25/08/2026
Aditya Birla Capital Ltd
 -0.65% ₹75.5L 25/08/2026
DLF Limited
 -0.65% ₹75.3L 25/08/2026
HDFC Life Insurance Company Ltd.
 -0.68% ₹78.9L 25/08/2026
Divi's Laboratories Ltd.
 -0.69% ₹80.8L 25/08/2026
Delhivery Limited
 -0.69% ₹80.1L 25/08/2026
REC Ltd.
 -0.70% ₹82.1L 25/08/2026
Glenmark Pharmaceuticals Ltd.
 -0.72% ₹84.1L 25/08/2026
Bajaj Finance Ltd.
 -0.74% ₹85.9L 25/08/2026
BANK OF BARODA
 -0.79% ₹92.7L 25/08/2026
Canara Bank
 -0.87% ₹101L 25/08/2026
HDFC Bank Ltd.
 -0.88% ₹103L 25/08/2026
IndusInd Bank Ltd.
 -0.91% ₹106L 25/08/2026
InterGlobe Aviation Ltd.
 -0.93% ₹109L 25/08/2026
Punjab National Bank
 -0.93% ₹109L 25/08/2026
JSW Steel Ltd.
 -0.96% ₹112L 25/08/2026
Eternal Limited
 -1.01% ₹118L 25/08/2026
Sun Pharma Ind Ltd
 -1.02% ₹119L 25/08/2026
Hindustan Petroleum Corporation Ltd.
 -1.02% ₹119L 25/08/2026
AU Small Finance Bank Ltd
 -1.08% ₹126L 25/08/2026
Titan Company Ltd.
 -1.24% ₹145L 25/08/2026
Adani Energy Solutions Ltd.
 -1.24% ₹145L 25/08/2026
Vodafone Idea Ltd.
 -1.28% ₹149L 25/08/2026
Reliance Industries Ltd
 -1.29% ₹151L 25/08/2026
Bharti Airtel Ltd.
 -1.29% ₹150L 25/08/2026
State Bank of India
 -1.33% ₹155L 25/08/2026
Jio Financial Services Ltd.
 -1.35% ₹158L 29/09/2026
Axis Bank Ltd
 -1.39% ₹162L 25/08/2026
Adani Green Energy Ltd
 -1.64% ₹192L 25/08/2026
Portfolio Analysis
Updated July 2026
July 2026 — Monthly Update

Arudha Hybrid Long-Short Fund runs a fully hedged short book. All 55 short futures/options positions are paired with corresponding equity longs, resulting in minimal unhedged market exposure from the short side.

Net long exposure of 61.5% is driven by the equity book (91.0%), debt (0.0%), and cash & equivalents (9.0%). The equity + futures combination contributes alpha through relative performance, independent of broad market direction.

March 2026 — Initial Coverage

Tequity initiated coverage of Arudha Hybrid Long-Short Fund with the March 2026 portfolio disclosure. Updated monthly as Arudha Capital publishes new disclosures on the AMFI portal.

Data sourced directly from AMFI monthly portfolio disclosure. All figures as a percentage of Net Asset Value.

Portfolio History
Updated monthly
July 2026

Net long: 61.52%. Gross exposure: 138.34%. Equity: 90.95%, Debt: 0.00%, Cash & Equiv: 8.98%, Options Short: 0.00%, Futures Short: 38.41%. Naked futures short: 0% (fully hedged). Total positions: 125.

June 2026

Net long: 63.25%. Gross exposure: 136.79%. Equity: 74.75%, Debt: 0.00%, Cash & Equiv: 25.27%, Options Short: 0.00%, Futures Short: 36.77%. Naked futures short: 0% (fully hedged). Total positions: 122.

May 2026

Net long: 63.11%. Gross exposure: 136.95%. Equity: 66.37%, Debt: 0.00%, Cash & Equiv: 33.66%, Options Short: 0.00%, Futures Short: 36.92%. Naked futures short: 0% (fully hedged). Total positions: 125.

April 2026

Net long: 64.09%. Gross exposure: 135.87%. Equity: 74.24%, Debt: 0.00%, Cash & Equiv: 25.74%, Options Short: 0.00%, Futures Short: 35.89%. Naked futures short: 0.85%. Total positions: 101.

March 2026

Net long: 68.62%. Gross exposure: 131.38%. Equity: 69.24%, Debt: 0.00%, Cash & Equiv: 30.76%, Options Short: 0.00%, Futures Short: 31.38%. Naked futures short: 0% (fully hedged). Total positions: 75.

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Fund Details
AMCArudha Capital
CategoryHybrid Long-Short
Fund TypeSIF (SEBI Regulated)
Min. Investment₹10 Lakh
NAV DisclosureDaily
Portfolio DisclosureMonthly (AMFI)
Exposure Metrics
Net Long ?Long book minus short book (% of NAV). Actual unhedged market exposure.61.5%
Gross Short ?Absolute value of all short positions. Includes hedged + naked shorts.38.4%
Naked Short ?Shorts with no matching long. Pure directional bets against specific stocks.0%
Gross Exposure ?Long book + |Short book|. Values above 100% indicate derivative leverage.138.3%
Disclaimer: All data sourced from AMFI monthly portfolio disclosures (July 2026). Tequity Investing is an AMFI-registered Mutual Fund Distributor (ARN-245270). This is not investment advice. Specialised Investment Funds carry higher risk and are suitable only for sophisticated investors with a minimum investment of ₹10 lakh. Please consult a SEBI-registered financial planner before investing. Past performance is not indicative of future results.

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