Portfolio Allocation
July 2026Equity (Long)
53.74%
Debt (Long)
20.42%
Cash & Equivalents
55.85%
Futures (Long)
0.00%
Options (Long)
9.92%
Gross Short ?Absolute value of all short positions. Includes hedged + naked shorts.
-39.24%
Holdings
73 long + 34 short| Company | % NAV | Mkt Value | Weight |
|---|---|---|---|
Mahindra & Mahindra Ltd. |
5.67% | ₹4,299L | |
State Bank Of India |
3.39% | ₹2,568L | |
HDFC Bank Ltd. |
3.11% | ₹2,357L | |
Reliance Industries Ltd. |
3.02% | ₹2,293L | |
Hero Motocorp Ltd. |
2.71% | ₹2,057L | |
Hindustan Unilever Ltd. |
2.42% | ₹1,840L | |
ICICI Bank Ltd. |
2.38% | ₹1,809L | |
Bajaj Finserv Ltd. |
2.31% | ₹1,751L | |
Bharat Electronics Ltd. |
2.27% | ₹1,726L | |
SBI Life Insurance Company Ltd. |
1.88% | ₹1,426L | |
Apollo Hospitals Enterprise Ltd. |
1.77% | ₹1,344L | |
Biocon Ltd. |
1.62% | ₹1,228L | |
Maruti Suzuki India Ltd. |
1.50% | ₹1,139L | |
Bharti Airtel Ltd. |
1.41% | ₹1,071L | |
Godrej Consumer Products Ltd. |
1.41% | ₹1,070L | |
HDFC Life Insurance Company Ltd. |
1.34% | ₹1,015L | |
Tata Steel Ltd. |
1.25% | ₹948L | |
Kotak Mahindra Bank Ltd. |
1.20% | ₹913L | |
Central Depository Services (India) Ltd. |
1.07% | ₹814L | |
ITC Ltd. |
1.03% | ₹785L | |
Coal India Ltd. |
1.00% | ₹762L | |
Ultratech Cement Ltd. |
0.97% | ₹739L | |
Shadowfax Technologies Ltd |
0.93% | ₹708L | |
Sun Pharmaceutical Industries Ltd. |
0.89% | ₹672L | |
Alkem Laboratories Ltd. |
0.82% | ₹619L | |
| Instrument | Coupon | % NAV | Mkt Value |
|---|---|---|---|
State Government of Karnataka |
- | 3.30% | ₹2,507L |
Aadhar Housing Finance Ltd. ** |
- | 3.30% | ₹2,500L |
Government Securities |
- | 2.66% | ₹2,015L |
State Government of Maharashtra |
- | 2.59% | ₹1,965L |
Torrent Power Ltd. ** |
- | 1.99% | ₹1,509L |
Godrej Industries Ltd. ** |
- | 1.66% | ₹1,256L |
Godrej Industries Ltd. ** |
- | 1.66% | ₹1,256L |
Muthoot Finance Ltd. ** |
- | 1.32% | ₹1,000L |
State Government of Uttar Pradesh |
- | 1.30% | ₹983L |
Manappuram Finance Ltd. ** |
- | 0.66% | ₹499L |
TREPS / Repo
| Instrument | % NAV | Mkt Value |
|---|---|---|
TREPS |
+9.01% | ₹6,836L |
Money Market
| Instrument | % NAV | Mkt Value |
|---|---|---|
Union Bank Of India |
+3.16% | ₹2,399L |
91 Days Treasury Bills |
+1.31% | ₹997L |
Cube Highways Trust |
+0.68% | ₹517L |
364 Days Treasury Bills |
+0.66% | ₹499L |
182 Days Treasury Bills |
+0.66% | ₹498L |
364 Days Treasury Bills |
+0.26% | ₹198L |
91 Days Treasury Bills |
+0.13% | ₹99.3L |
91 Days Treasury Bills |
+0.13% | ₹99.2L |
Cash Margin
| Instrument | % NAV | Mkt Value |
|---|---|---|
Cash Margin - Derivatives |
+11.47% | ₹8,700L |
InvIT / REIT
| Instrument | % NAV | Mkt Value |
|---|---|---|
Units of Infrastructure Investment Trusts (InvITs) |
+0.68% | ₹517L |
Net Rec/(Pay)
| Instrument | % NAV | Mkt Value |
|---|---|---|
Net Current Assets |
+27.70% | ₹21,018L |
Estimated margin required: ~0.00% of NAV. Cash & equivalents stand at 55.9% — approximately N/Ax coverage. TREPS and money market instruments earn 6.5–7.5% p.a. — an active yield position, not idle margin reserve.
Long Options
| Instrument | Type | % NAV | Mkt Value |
|---|---|---|---|
Nifty Bank Put option $$ |
Put | +1.45% | ₹1,100L |
Max Financial Services Ltd. (Put option) $$ |
Put | +1.23% | ₹934L |
HDFC Bank Ltd. (Put option) $$ |
Put | +0.93% | ₹707L |
Pidilite Industries Ltd. (Put option) $$ |
Put | +0.92% | ₹696L |
Axis Bank Ltd. (Put option) $$ |
Put | +0.78% | ₹591L |
Cholamandalam Investment And Finance Company Ltd. (Put option) $$ |
Put | +0.77% | ₹584L |
Avenue Supermarts Ltd. (Put option) $$ |
Put | +0.67% | ₹506L |
State Bank Of India (Put option) $$ |
Put | +0.64% | ₹488L |
ICICI Lombard General Insurance Company Ltd. (Put option) $$ |
Put | +0.56% | ₹421L |
Central Depository Services (India) Ltd. (Put option) $$ |
Put | +0.53% | ₹401L |
Glenmark Pharmaceuticals Ltd. (Put option) $$ |
Put | +0.53% | ₹401L |
Computer Age Management Services Ltd. (Put option) $$ |
Put | +0.40% | ₹305L |
Lodha Developers Ltd. (Put option) $$ |
Put | +0.28% | ₹214L |
Bharat Petroleum Corporation Ltd. (Put option) $$ |
Put | +0.23% | ₹175L |
Short Options
| Instrument | Type | % NAV | Mkt Value |
|---|---|---|---|
Hindalco Industries Ltd. (Call Option) $$ |
Call | -0.22% | ₹168L |
Jubilant Foodworks Ltd. (Call Option) $$ |
Call | -0.29% | ₹218L |
Ultratech Cement Ltd. (Call Option) $$ |
Call | -0.30% | ₹231L |
Lodha Developers Ltd. (Call Option) $$ |
Call | -0.33% | ₹248L |
Oil & Natural Gas Corporation Ltd. (Call Option) $$ |
Call | -0.49% | ₹375L |
ICICI Bank Ltd. (Call Option) $$ |
Call | -0.54% | ₹406L |
Hindalco Industries Ltd. (Call Option) $$ |
Call | -0.54% | ₹412L |
State Bank Of India (Call Option) $$ |
Call | -0.69% | ₹523L |
Mphasis Ltd (Call Option) $$ |
Call | -0.74% | ₹558L |
Sun Pharmaceutical Industries Ltd. (Call Option) $$ |
Call | -0.78% | ₹595L |
Alkem Laboratories Ltd (Call Option) $$ |
Call | -0.81% | ₹618L |
Central Depository Services (India) Ltd. (Call Option) $$ |
Call | -0.88% | ₹665L |
Coal India Ltd. (Call Option) $$ |
Call | -0.94% | ₹711L |
Hero Motocorp Ltd. (Call Option) $$ |
Call | -0.99% | ₹750L |
Hindustan Unilever Ltd. (Call Option) $$ |
Call | -1.01% | ₹766L |
Hero Motocorp Ltd. (Call Option) $$ |
Call | -1.19% | ₹905L |
HDFC Life Insurance Company Ltd (Call Option) $$ |
Call | -1.20% | ₹909L |
Bajaj Finserv Ltd. (Call Option) $$ |
Call | -1.22% | ₹929L |
Hindustan Unilever Ltd. (Call Option) $$ |
Call | -1.25% | ₹945L |
Tata Steel Ltd. (Call Option) $$ |
Call | -1.30% | ₹983L |
Bharti Airtel Ltd. (Call Option) $$ |
Call | -1.30% | ₹988L |
Reliance Industries Ltd. (Call Option) $$ |
Call | -1.32% | ₹1,005L |
HDFC Bank Ltd. (Call Option) $$ |
Call | -1.39% | ₹1,057L |
Godrej Consumer Products Ltd. (Call Option) $$ |
Call | -1.45% | ₹1,100L |
Mahindra & Mahindra Ltd. (Call Option) $$ |
Call | -1.52% | ₹1,155L |
Mahindra & Mahindra Ltd. (Call Option) $$ |
Call | -1.54% | ₹1,170L |
HDFC Bank Ltd. (Call Option) $$ |
Call | -1.62% | ₹1,231L |
Biocon Ltd. (Call Option) $$ |
Call | -1.71% | ₹1,294L |
Reliance Industries Ltd. (Call Option) $$ |
Call | -1.75% | ₹1,330L |
Apollo Hospitals Enterprise Ltd. (Call Option) $$ |
Call | -1.80% | ₹1,365L |
SBI Life Insurance Company Ltd. (Call Option) $$ |
Call | -1.86% | ₹1,409L |
ICICI Bank Ltd. (Call Option) $$ |
Call | -1.89% | ₹1,431L |
Bharat Electronics Ltd. (Call Option) $$ |
Call | -1.97% | ₹1,492L |
State Bank Of India (Call Option) $$ |
Call | -2.42% | ₹1,835L |
No futures positions
Portfolio Analysis
Updated July 2026July 2026 — Monthly Update
Isif Active Asset Allocator Long-Short Fund runs a fully hedged short book. All 34 short futures/options positions are paired with corresponding equity longs, resulting in minimal unhedged market exposure from the short side.
Net long exposure of 100.7% is driven by the equity book (53.7%), debt (20.4%), and cash & equivalents (55.9%). The equity + futures combination contributes alpha through relative performance, independent of broad market direction.
March 2026 — Initial Coverage
Tequity initiated coverage of Isif Active Asset Allocator Long-Short Fund with the March 2026 portfolio disclosure. Updated monthly as iSIF 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 monthlyJuly 2026
Net long: 100.68%. Gross exposure: 179.17%. Equity: 53.74%, Debt: 20.42%, Cash & Equiv: 55.85%, Options Short: 39.24%, Futures Short: 0.00%. Naked futures short: 0% (fully hedged). Total positions: 107.
June 2026
Net long: 100.04%. Gross exposure: 100.92%. Equity: 38.67%, Debt: 24.57%, Cash & Equiv: 37.05%, Options Short: 0.44%, Futures Short: 0.00%. Naked futures short: 0% (fully hedged). Total positions: 85.