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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

Net Long ?Long book minus short book (% of NAV). The fund's actual unhedged market exposure after netting both sides.
100.0%
of NAV
Gross Exposure ?Long book + |Short book| in absolute terms. Values above 100% reflect leverage through derivatives.
106.9%
of NAV
Gross Short ?Absolute value of all short positions (% of NAV). Includes both hedged shorts (matched against a long holding) and naked shorts.
3.4%
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
124
118 long + 6 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 3.4% gross short book is built entirely through futures or options. Net Long (100.0%) is the effective market exposure after netting the short derivatives against the physical book.

Portfolio Bifurcation — July 2026 (scroll right →)

EQUITY
+76.2%		DEBT
0%		COMMODITY
0%		CASH & EQUIV
+22.8%		OPTIONS
+0.9%		FUTURES
0%
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
+76.23%--+5.39%+16.31%---+1.14%+4.36%-3.43%---
All positions sum to: 100.00% 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%
Gross Short ?Absolute value of all short positions. Includes hedged + naked shorts.
-3.43%
Holdings
118 long  +  6 short
Company% NAVMkt ValueWeight
UPL Ltd.
 3.02% ₹6,619L
Info Edge (India) Ltd.
 2.84% ₹6,233L
Container Corporation Of India Ltd.
 2.03% ₹4,464L
Shadowfax Technologies Ltd
 1.95% ₹4,275L
Bharti Hexacom Ltd.
 1.89% ₹4,145L
Marico Ltd.
 1.89% ₹4,138L
LIC Housing Finance Ltd.
 1.87% ₹4,107L
Colgate - Palmolive (India) Ltd.
 1.82% ₹3,993L
Shree Cements Ltd.
 1.81% ₹3,975L
Dabur India Ltd.
 1.56% ₹3,430L
Hero Motocorp Ltd.
 1.53% ₹3,361L
ICICI Lombard General Insurance Company Ltd.
 1.50% ₹3,281L
Swiggy Ltd
 1.43% ₹3,133L
Jindal Stainless Ltd.
 1.42% ₹3,123L
PI Industries Ltd.
 1.39% ₹3,047L
HDFC Bank Ltd.
 1.36% ₹2,991L
Indian Railway Catering and Tourism Corporation Ltd.
 1.35% ₹2,972L
Havells India Ltd.
 1.33% ₹2,915L
Hindustan Petroleum Corporation Ltd.
 1.31% ₹2,879L
Blue Star Ltd.
 1.27% ₹2,787L
Supreme Industries Ltd.
 1.27% ₹2,785L
PNB Housing Finance Ltd.
 1.25% ₹2,739L
Voltas Ltd.
 1.24% ₹2,731L
ICICI Prudential Life Insurance Company Ltd.
 1.23% ₹2,696L
Medplus Health Services Ltd
 1.18% ₹2,593L
InstrumentCoupon% NAVMkt Value
No debt holdings
TREPS / Repo
Instrument% NAVMkt Value
TREPS
 +16.31% ₹35,797L
Money Market
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
Instrument% NAVMkt Value
Cash Margin - Derivatives
 +1.55% ₹3,400L
Net Rec/(Pay)
Instrument% NAVMkt Value
Net Current Assets
 -0.41% ₹901L
Estimated margin required: ~0.00% of NAV. Cash & equivalents stand at 22.8% — 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
InstrumentType% NAVMkt Value
Delhivery Ltd. (Put Option) $$
 Put +0.89% ₹1,950L
Premier Energies Ltd. (Put Option) $$
 Put +0.51% ₹1,115L
Prestige Estates Projects Ltd. (Put Option) $$
 Put +0.50% ₹1,094L
The Phoenix Mills Ltd. (Put Option) $$
 Put +0.49% ₹1,077L
CG Power and Industrial Solutions Ltd. (Put Option) $$
 Put +0.49% ₹1,071L
INFO edge india Ltd (Put Option)$$
 Put +0.49% ₹1,071L
Cholamandalam Investment And Finance Company Ltd. (Put Option) $$
 Put +0.38% ₹829L
Page Industries Ltd. (Put Option) $$
 Put +0.24% ₹520L
Dabur India Ltd. (Put Option) $$
 Put +0.24% ₹519L
Suzlon Energy Ltd. (Put Option) $$
 Put +0.14% ₹311L
Short Options
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

No futures positions

Portfolio Analysis
Updated July 2026
July 2026 — Monthly Update

Isif Equity Ex-Top 100 Long-Short Fund runs a fully hedged short book. All 6 short futures/options positions are paired with corresponding equity longs, resulting in minimal unhedged market exposure from the short side.

Net long exposure of 100.0% 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: 100.00%. Gross exposure: 106.86%. Equity: 76.23%, Debt: 0.00%, Cash & Equiv: 22.84%, Options Short: 3.43%, Futures Short: 0.00%. Naked futures short: 0% (fully hedged). Total positions: 124.

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 Long ?Long book minus short book (% of NAV). Actual unhedged market exposure.100.0%
Gross Short ?Absolute value of all short positions. Includes hedged + naked shorts.3.4%
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.106.9%
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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