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Equity Ex-Top 100 Long-Short

Isif Equity Ex-Top 100 Long-Short Fund

by iSIF  |  Specialised Investment Fund  |  Min. ₹10 Lakh

How this fund deploys capital — July 2026

↑ Long Positions
Equity+76.23%
Long Options+4.36%
Gross Long+80.6%
↓ Short Book
Hedged Futures-6.23%
Short Options-3.43%
Short Book ?Absolute value of all short positions. Includes hedged + naked shorts.-9.7%
6.2% hedged  +  0.00% naked
■ Income & Liquid
Liquid / Repo+21.71%
Net Rec/(Pay)+1.14%
Income & Liquid+21.7%
Net Equity Exposure: +93.8%  |  All positions sum to 93.77% of NAV
Last updated: July 2026  |  Next update: August 2026
Portfolio Allocation
July 2026
Equity (Long)
76.23%
Debt (Long)
0.00%
Cash & Equivalents
22.84%
Futures (Long)
0.00%
Options (Long)
4.36%
Short Book ?Absolute value of all short positions. Includes hedged + naked shorts.
-9.65%
Holdings
106 long  +  16 short
PositionType% NAVMkt ValueWeight
UPL Ltd.
Equity3.02%₹6,619L
Info Edge (India) Ltd.
Equity2.84%₹6,233L
Container Corporation Of India Ltd.
Equity2.03%₹4,464L
Shadowfax Technologies Ltd
Equity1.95%₹4,275L
Bharti Hexacom Ltd.
Equity1.89%₹4,145L
Marico Ltd.
Equity1.89%₹4,138L
LIC Housing Finance Ltd.
Equity1.87%₹4,107L
Colgate - Palmolive (India) Ltd.
Equity1.82%₹3,993L
Shree Cements Ltd.
Equity1.81%₹3,975L
Dabur India Ltd.
Equity1.56%₹3,430L
Hero Motocorp Ltd.
Equity1.53%₹3,361L
ICICI Lombard General Insurance Company Ltd.
Equity1.50%₹3,281L
Swiggy Ltd
Equity1.43%₹3,133L
Jindal Stainless Ltd.
Equity1.42%₹3,123L
PI Industries Ltd.
Equity1.39%₹3,047L
HDFC Bank Ltd.
Equity1.36%₹2,991L
Indian Railway Catering and Tourism Corporation Ltd.
Equity1.35%₹2,972L
Havells India Ltd.
Equity1.33%₹2,915L
Hindustan Petroleum Corporation Ltd.
Equity1.31%₹2,879L
Blue Star Ltd.
Equity1.27%₹2,787L
Supreme Industries Ltd.
Equity1.27%₹2,785L
PNB Housing Finance Ltd.
Equity1.25%₹2,739L
Voltas Ltd.
Equity1.24%₹2,731L
ICICI Prudential Life Insurance Company Ltd.
Equity1.23%₹2,696L
Medplus Health Services Ltd
Equity1.18%₹2,593L
Hedged Short Futures — 6.23% of NAV Covered
ContractShort %Matched LongMkt Value
Godrej Properties Ltd.
-0.12%+0.12% Godrej Properties (net -0.00%)₹254L
Dabur India Ltd.
-0.13%+1.56% Dabur India (net +1.43%)₹285L
Crompton Greaves Consumer Electricals Ltd.
-0.34%+0.33% Crompton Greaves Consumer El (net -0.00%)₹737L
Dalmia Bharat Ltd.
-0.37%+0.37% Dalmia Bharat (net -0.00%)₹817L
One 97 Communications Ltd.
-0.48%+0.47% One 97 Communications (net -0.00%)₹1,043L
The Federal Bank Ltd.
-0.54%+0.54% The Federal Bank (net -0.00%)₹1,193L
Computer Age Management Services Ltd.
-0.80%+0.80% Computer Age Management Serv (net +0.00%)₹1,758L
Indus Towers Ltd.
-0.90%+0.89% Indus Towers (net -0.01%)₹1,966L
Voltas Ltd.
-1.24%+1.24% Voltas (net +0.00%)₹2,730L
Marico Ltd.
-1.31%+1.89% Marico (net +0.57%)₹2,878L
Short Options — 3.43% of NAV Covered Calls / Puts
InstrumentType% NAVMkt Value
PB Fintech Ltd. (Call Option) $$
Call-0.30%₹660L
FSN E-Commerce Ventures Ltd. (Call Option) $$
Call-0.33%₹722L
Marico Ltd. (Call Option) $$
Call-0.60%₹1,318L
SBI Cards and Payment Services Ltd. (Call Option) $$
Call-0.60%₹1,319L
NHPC Ltd. (Call Option) $$
Call-0.65%₹1,418L
Biocon Ltd. (Call Option) $$
Call-0.95%₹2,088L
TREPS / Repo — 16.31%
Instrument% NAVMkt Value
TREPS
+16.31%₹35,797L
Money Market — 5.39%
Instrument% NAVMkt Value
91 Days Treasury Bills
+1.32%₹2,889L
182 Days Treasury Bills
+1.14%₹2,491L
91 Days Treasury Bills
+1.13%₹2,478L
91 Days Treasury Bills
+0.55%₹1,197L
364 Days Treasury Bills
+0.54%₹1,195L
91 Days Treasury Bills
+0.36%₹791L
364 Days Treasury Bills
+0.18%₹397L
182 Days Treasury Bills
+0.09%₹199L
91 Days Treasury Bills
+0.09%₹199L
Cash Margin — 1.55%
Instrument% NAVMkt Value
Cash Margin - Derivatives
+1.55%₹3,400L
Net Rec/(Pay) — -0.41%
Instrument% NAVMkt Value
Net Current Assets
-0.41%₹901L
Estimated margin required: ~0.09% of NAV. Cash & equivalents stand at 22.8% — approximately 244x coverage. TREPS and money market instruments earn 6.5–7.5% p.a. — an active yield position, not idle margin reserve.
Portfolio Analysis
Updated July 2026
July 2026 — Monthly Update

Isif Equity Ex-Top 100 Long-Short Fund runs a fully hedged short book. All 16 short futures/options positions are paired with corresponding equity longs, resulting in minimal unhedged market exposure from the short side.

Net long exposure of 93.8% is driven by the equity book (76.2%), debt (0.0%), and cash & equivalents (22.8%). The equity + futures combination contributes alpha through relative performance, independent of broad market direction.


March 2026 — Initial Coverage

Tequity initiated coverage of Isif Equity Ex-Top 100 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 monthly
July 2026

Net long: 93.77%. Gross exposure: 113.08%. Equity: 76.23%, Debt: 0.00%, Cash & Equiv: 22.84%, Options Short: 3.43%, Futures Short: 6.23%. Naked futures short: 0% (fully hedged). Total positions: 134.

June 2026

Net long: 100.00%. Gross exposure: 100.13%. Equity: 73.56%, Debt: 0.00%, Cash & Equiv: 26.51%, Options Short: 0.07%, Futures Short: 0.00%. Naked futures short: 0% (fully hedged). Total positions: 109.

May 2026

Net long: 100.01%. Gross exposure: 100.32%. Equity: 76.03%, Debt: 0.00%, Cash & Equiv: 24.13%, Options Short: 0.16%, Futures Short: 0.00%. Naked futures short: 0% (fully hedged). Total positions: 111.

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Fund Details
AMCiSIF
CategoryEquity Ex-Top 100 Long-Short
Fund TypeSIF (SEBI Regulated)
Min. Investment₹10 Lakh
NAV DisclosureDaily
Portfolio DisclosureMonthly (AMFI)
Exposure Metrics
Net Equity Exposure ?Long positions minus short positions (% of NAV). Actual unhedged market exposure.93.8%
Short Book ?Absolute value of all short positions. Includes hedged + naked shorts.9.7%
Naked Short ?Shorts with no matching long. Pure directional bets against specific stocks.0%
Total Exposure ?Long book + Short book combined. Values above 100% indicate derivative leverage.113.1%
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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