Home/ SIF Funds/ Isif Equity Ex-Top 100 Long-Short Fund
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.
100.3%
of NAV
Gross Short ?Absolute value of all short positions (% of NAV). Includes both hedged shorts (matched against a long holding) and naked shorts.
0.2%
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
111
101 long + 10 short
Data As Of
May 2026
Updated monthly
Positions sum to 100% of NAV
All holdings — equity, debt, and cash equivalents — add up to approximately 100% of the fund's NAV. No futures long positions are used. What you see in the bifurcation table is the complete picture.

Portfolio Bifurcation — May 2026 (scroll right →)

EQUITY
+76.0%		DEBT
0%		COMMODITY
0%		CASH & EQUIV
+24.1%		OPTIONS
-0.2%		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
+76.03%--+4.61%+18.46%---+1.06%--0.16%---
All positions sum to: 100.01% of NAV
Last updated: May 2026  |  Next update: June 2026
Portfolio Allocation
May 2026
Equity (Long)
76.03%
Debt (Long)
0.00%
Cash & Equivalents
24.13%
Futures (Long)
0.00%
Options (Long)
0.00%
Gross Short ?Absolute value of all short positions. Includes hedged + naked shorts.
-0.16%
Holdings
101 long  +  10 short
Company% NAVMkt ValueWeight
Info Edge (India) Ltd.
 2.69% ₹4,590L
Marico Ltd.
 2.57% ₹4,388L
LIC Housing Finance Ltd.
 2.45% ₹4,185L
Shree Cements Ltd.
 2.26% ₹3,856L
Mahindra & Mahindra Ltd.
 2.13% ₹3,639L
ICICI Lombard General Insurance Company Ltd.
 1.97% ₹3,366L
UPL Ltd.
 1.97% ₹3,355L
HDFC Bank Ltd.
 1.96% ₹3,341L
Bharti Hexacom Ltd.
 1.86% ₹3,176L
Rural Electrification Corporation Ltd.
 1.70% ₹2,897L
ICICI Prudential Life Insurance Company Ltd.
 1.54% ₹2,636L
Blue Star Ltd.
 1.54% ₹2,634L
Medplus Health Services Ltd
 1.53% ₹2,615L
Indian Railway Catering and Tourism Corporation Ltd.
 1.47% ₹2,504L
SBI Cards & Payment Services Ltd.
 1.44% ₹2,455L
Jindal Stainless Ltd.
 1.37% ₹2,340L
The Phoenix Mills Ltd.
 1.29% ₹2,195L
Colgate - Palmolive (India) Ltd.
 1.25% ₹2,131L
Mphasis Ltd.
 1.24% ₹2,124L
Havells India Ltd.
 1.20% ₹2,044L
HDB Financial Services Ltd.
 1.19% ₹2,025L
Maruti Suzuki India Ltd.
 1.17% ₹2,002L
Biocon Ltd.
 1.15% ₹1,959L
Cholamandalam Investment And Finance Company Ltd.
 1.13% ₹1,922L
Computer Age Management Services Ltd.
 1.02% ₹1,749L
InstrumentCoupon% NAVMkt Value
No debt holdings
TREPS / Repo
Instrument% NAVMkt Value
TREPS
 +18.46% ₹31,509L
Money Market
Instrument% NAVMkt Value
91 Days Treasury Bills
 +1.93% ₹3,299L
182 Days Treasury Bills
 +1.22% ₹2,084L
182 Days Treasury Bills
 +0.99% ₹1,698L
91 Days Treasury Bills
 +0.46% ₹790L
Cash Margin
Instrument% NAVMkt Value
Cash Margin - Derivatives
 +2.46% ₹4,200L
Net Rec/(Pay)
Instrument% NAVMkt Value
Net Current Assets
 -1.40% ₹2,389L
Estimated margin required: ~0.00% of NAV. Cash & equivalents stand at 24.1% — approximately N/Ax coverage. TREPS and money market instruments earn 6.5–7.5% p.a. — an active yield position, not idle margin reserve.
Short Options
InstrumentType% NAVMkt Value
PNB Housing Finance Ltd.(Call Option) $$
 Call -0.01% ₹11.0L
Page Industries Ltd.(Call Option) $$
 Call -0.01% ₹11.5L
Dabur India Ltd.(Call Option) $$
 Call -0.01% ₹14.1L
Colgate - Palmolive (India) Ltd.(Call Option) $$
 Call -0.01% ₹14.3L
INFO edge india Ltd (Call Option) $$
 Call -0.01% ₹16.4L
Shree Cement Ltd.(Call Option) $$
 Call -0.01% ₹20.3L
PB Fintech Ltd.(Call Option) $$
 Call -0.01% ₹22.0L
Rural Electrification Corporation Ltd.(Call Option) $$
 Call -0.02% ₹34.3L
Mphasis Ltd (Call Option) $$
 Call -0.02% ₹36.1L
Marico Ltd.(Call Option) $$
 Call -0.05% ₹84.6L

No futures positions

Portfolio Analysis
Updated May 2026
May 2026 — Monthly Update

Isif Equity Ex-Top 100 Long-Short Fund runs a fully hedged short book. All 10 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 (76.0%), debt (0.0%), and cash & equivalents (24.1%). 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
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.

Interested in SIF investments?

Talk directly with us about whether these funds suit your portfolio and risk profile.

Chat on WhatsApp Send an Email
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.0.2%
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.100.3%
Disclaimer: All data sourced from AMFI monthly portfolio disclosures (May 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.

Stay Ahead of Every Fund Move

Follow the Tequity WhatsApp Channel for curated updates on SIF and global funds.

  • Monthly SIF portfolio holdings updates
  • New GIFT City fund launches as they happen
  • Mutual fund holdings changes worth tracking
Follow on WhatsApp

Free to follow · No spam · Unfollow anytime

💬