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Equity Long-Short

Isif Equity 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.
122.0%
of NAV
Gross Short ?Absolute value of all short positions (% of NAV). Includes both hedged shorts (matched against a long holding) and naked shorts.
11.0%
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
102
88 long + 14 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 11.0% 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
+86.7%		DEBT
0%		COMMODITY
0%		CASH & EQUIV
+16.0%		OPTIONS
-2.7%		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
+86.69%---+4.04%---+11.93%+8.34%-11.00%---
All positions sum to: 100.00% of NAV
Last updated: July 2026  |  Next update: August 2026
Portfolio Allocation
July 2026
Equity (Long)
86.69%
Debt (Long)
0.00%
Cash & Equivalents
15.97%
Futures (Long)
0.00%
Options (Long)
8.34%
Gross Short ?Absolute value of all short positions. Includes hedged + naked shorts.
-11.00%
Holdings
88 long  +  14 short
Company% NAVMkt ValueWeight
HDFC Bank Ltd.
 6.91% ₹2,760L
ICICI Bank Ltd.
 4.73% ₹1,889L
Reliance Industries Ltd.
 4.26% ₹1,701L
TD Power Systems Ltd.
 3.51% ₹1,403L
Mahindra & Mahindra Ltd.
 2.43% ₹972L
MAS Financial Services Ltd.
 2.25% ₹898L
Avenue Supermarts Ltd.
 2.12% ₹847L
Hindustan Unilever Ltd.
 2.12% ₹847L
Cummins India Ltd.
 2.07% ₹828L
TVS Motor Company Ltd.
 1.98% ₹793L
Kusumgar Ltd
 1.78% ₹711L
Premier Energies Ltd.
 1.63% ₹652L
ABB India Ltd.
 1.62% ₹646L
Maruti Suzuki India Ltd.
 1.60% ₹641L
Indo-Mim Ltd.
 1.57% ₹628L
Sapphire Foods India Ltd
 1.46% ₹583L
Universal Cables Ltd
 1.38% ₹551L
Sundaram Finance Ltd.
 1.32% ₹526L
Oil India Ltd.
 1.28% ₹513L
SBI Funds Management Ltd.
 1.28% ₹513L
Juniper Green Energy Ltd.
 1.25% ₹500L
Manipal Health Enterprises Ltd.
 1.25% ₹499L
Hyundai Motor India Ltd.
 1.22% ₹486L
360 One Wam Ltd.
 1.18% ₹474L
Bharat Heavy Electricals Ltd.
 1.18% ₹471L
InstrumentCoupon% NAVMkt Value
No debt holdings
TREPS / Repo
Instrument% NAVMkt Value
TREPS
 +4.04% ₹1,617L
Cash Margin
Instrument% NAVMkt Value
Cash Margin - Derivatives
 +10.01% ₹4,000L
Net Rec/(Pay)
Instrument% NAVMkt Value
Net Current Assets
 +1.92% ₹768L
Estimated margin required: ~0.00% of NAV. Cash & equivalents stand at 16.0% — 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
Mankind Pharma Ltd. (Put option) $$
 Put +0.90% ₹360L
Ashok Leyland Ltd. (Put option) $$
 Put +0.79% ₹315L
Avenue Supermarts Ltd. (Put option) $$
 Put +0.73% ₹292L
Torrent Pharmaceuticals Ltd. (Put option) $$
 Put +0.61% ₹242L
Avenue Supermarts Ltd. (Put option) $$
 Put +0.58% ₹231L
Suzlon Energy Ltd. (Put option) $$
 Put +0.56% ₹222L
Bharat Electronics Ltd. (Put option) $$
 Put +0.55% ₹219L
360 One Wam Ltd. (Put option) $$
 Put +0.53% ₹212L
Swiggy Ltd. (Put option) $$
 Put +0.53% ₹212L
Swiggy Ltd. (Put option) $$
 Put +0.50% ₹201L
Premier Energies Ltd. (Put option) $$
 Put +0.48% ₹191L
Swiggy Ltd. (Put option) $$
 Put +0.47% ₹188L
Angel One Ltd. (Put option) $$
 Put +0.44% ₹175L
Coal India Ltd. (Put option) $$
 Put +0.35% ₹142L
Ge Vernova T&D India Ltd. (Put option) $$
 Put +0.32% ₹128L
Short Options
InstrumentType% NAVMkt Value
TVS Motor Company Ltd. (Call option) $$
 Call -0.47% ₹187L
ABB India Ltd. (Call option) $$
 Call -0.49% ₹194L
HDFC Bank Ltd. (Call option) $$
 Call -0.50% ₹200L
Tata Consumer Products Ltd. (Call option) $$
 Call -0.54% ₹218L
Hyundai Motor India Ltd. (Call option) $$
 Call -0.56% ₹222L
Hindustan Unilever Ltd. (Call option) $$
 Call -0.56% ₹223L
Hindustan Unilever Ltd. (Call option) $$
 Call -0.56% ₹225L
Bharat Heavy Electricals Ltd. (Call option) $$
 Call -0.60% ₹240L
360 One Wam Ltd. (Call option) $$
 Call -0.60% ₹240L
HDFC Bank Ltd. (Call option) $$
 Call -0.76% ₹304L
NTPC Ltd. (Call option) $$
 Call -0.95% ₹378L
Interglobe Aviation Ltd. (Call option) $$
 Call -1.05% ₹421L
Reliance Industries Ltd. (Call option) $$
 Call -1.63% ₹650L
HDFC Bank Ltd. (Call option) $$
 Call -1.74% ₹697L

No futures positions

Portfolio Analysis
Updated July 2026
July 2026 — Monthly Update

Isif Equity Long-Short Fund runs a fully hedged short book. All 14 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 (86.7%), debt (0.0%), and cash & equivalents (16.0%). The equity + futures combination contributes alpha through relative performance, independent of broad market direction.

March 2026 — Initial Coverage

Tequity initiated coverage of Isif Equity 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: 122.01%. Equity: 86.69%, Debt: 0.00%, Cash & Equiv: 15.97%, Options Short: 11.00%, Futures Short: 0.00%. Naked futures short: 0% (fully hedged). Total positions: 102.

June 2026

Net long: 100.00%. Gross exposure: 100.00%. Equity: 77.26%, Debt: 0.00%, Cash & Equiv: 22.65%, Options Short: 0.00%, Futures Short: 0.00%. Naked futures short: 0% (fully hedged). Total positions: 78.

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Fund Details
AMCiSIF
CategoryEquity 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.11.0%
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.122.0%
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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