Home/ SIF Funds/ Isif Hybrid Long-Short Fund
Hybrid Long-Short

Isif Hybrid 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.
116.4%
of NAV
Gross Short ?Absolute value of all short positions (% of NAV). Includes both hedged shorts (matched against a long holding) and naked shorts.
8.2%
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
102
80 long + 22 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 8.2% 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
+66.2%		DEBT
+20.5%		COMMODITY
0%		CASH & EQUIV
+18.4%		OPTIONS
-5.2%		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
+66.24%+20.53%-+3.52%+9.61%---+5.31%+2.99%-8.20%---
All positions sum to: 100.00% of NAV
Last updated: July 2026  |  Next update: August 2026
Portfolio Allocation
July 2026
Equity (Long)
66.24%
Debt (Long)
20.53%
Cash & Equivalents
18.44%
Futures (Long)
0.00%
Options (Long)
2.99%
Gross Short ?Absolute value of all short positions. Includes hedged + naked shorts.
-8.20%
Holdings
80 long  +  22 short
Company% NAVMkt ValueWeight
TVS Motor Company Ltd.
 4.11% ₹4,434L
Reliance Industries Ltd.
 3.02% ₹3,266L
ICICI Bank Ltd.
 2.98% ₹3,218L
Axis Bank Ltd.
 2.95% ₹3,182L
Eternal Ltd.
 2.86% ₹3,086L
HDFC Bank Ltd.
 2.74% ₹2,960L
Shadowfax Technologies Ltd
 2.53% ₹2,735L
Maruti Suzuki India Ltd.
 2.36% ₹2,552L
Tata Motors Ltd.
 2.33% ₹2,518L
Interglobe Aviation Ltd.
 2.25% ₹2,429L
NTPC Ltd.
 2.23% ₹2,413L
State Bank Of India
 2.03% ₹2,192L
Mahindra & Mahindra Ltd.
 1.73% ₹1,873L
Avenue Supermarts Ltd.
 1.69% ₹1,824L
Shriram Finance Ltd.
 1.66% ₹1,794L
Britannia Industries Ltd.
 1.64% ₹1,776L
Infosys Ltd.
 1.56% ₹1,689L
HDFC Asset Management Company Ltd.
 1.42% ₹1,538L
SBI Funds Management Ltd.
 1.36% ₹1,467L
Ultratech Cement Ltd.
 1.29% ₹1,391L
Indo-Mim Ltd.
 1.26% ₹1,360L
360 One Wam Ltd.
 1.12% ₹1,210L
Swiggy Ltd
 1.06% ₹1,139L
Sona Blw Precision Forgings Ltd.
 1.02% ₹1,100L
Tata Steel Ltd.
 0.95% ₹1,022L
InstrumentCoupon% NAVMkt Value
Government Securities
 - 3.27% ₹3,527L
NABARD **
 - 3.24% ₹3,499L
Cholamandalam Investment And Finance Company Ltd. **
 - 2.31% ₹2,498L
360 One Prime Ltd **
 - 2.31% ₹2,495L
Muthoot Finance Ltd. **
 - 2.31% ₹2,492L
Government Securities
 - 2.18% ₹2,359L
State Government of Telangana
 - 2.06% ₹2,228L
Manappuram Finance Ltd. **
 - 1.39% ₹1,497L
State Government of Haryana
 - 0.58% ₹621L
Godrej Industries Ltd. **
 - 0.44% ₹477L
Godrej Industries Ltd. **
 - 0.44% ₹477L
TREPS / Repo
Instrument% NAVMkt Value
TREPS
 +9.61% ₹10,376L
Money Market
Instrument% NAVMkt Value
Canara Bank **
 +2.23% ₹2,411L
91 Days Treasury Bills
 +0.46% ₹496L
364 Days Treasury Bills
 +0.28% ₹299L
364 Days Treasury Bills
 +0.18% ₹198L
91 Days Treasury Bills
 +0.09% ₹99.7L
91 Days Treasury Bills
 +0.09% ₹99.6L
91 Days Treasury Bills
 +0.09% ₹99.3L
91 Days Treasury Bills
 +0.09% ₹99.2L
Cash Margin
Instrument% NAVMkt Value
Cash Margin - Derivatives
 +0.56% ₹600L
Net Rec/(Pay)
Instrument% NAVMkt Value
Net Current Assets
 +4.76% ₹5,135L
Estimated margin required: ~0.00% of NAV. Cash & equivalents stand at 18.4% — 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
HDFC Bank Ltd. (Put option) $$
 Put +1.37% ₹1,482L
Avenue Supermarts Ltd. (Put option) $$
 Put +0.50% ₹540L
Adani Ports and Special Economic Zone Ltd. (Put option) $$
 Put +0.46% ₹494L
Axis Bank Ltd. (Put option) $$
 Put +0.24% ₹262L
Premier Energies Ltd. (Put option) $$
 Put +0.22% ₹234L
Mahindra & Mahindra Ltd. (Put option) $$
 Put +0.20% ₹218L
Short Options
InstrumentType% NAVMkt Value
Hindalco Industries Ltd. (Call option) $$
 Call -0.16% ₹175L
Hindalco Industries Ltd. (Call option) $$
 Call -0.17% ₹178L
Interglobe Aviation Ltd. (Call option) $$
 Call -0.18% ₹190L
Interglobe Aviation Ltd. (Call option) $$
 Call -0.19% ₹202L
Tech Mahindra Ltd. (Call option) $$
 Call -0.19% ₹206L
Infosys Ltd. (Call option) $$
 Call -0.21% ₹232L
HDFC Bank Ltd. (Call option) $$
 Call -0.23% ₹250L
NTPC Ltd. (Call option) $$
 Call -0.25% ₹266L
Tata Steel Ltd. (Call option) $$
 Call -0.25% ₹268L
Tata Steel Ltd. (Call option) $$
 Call -0.25% ₹275L
Avenue Supermarts Ltd. (Call option) $$
 Call -0.28% ₹300L
Ultratech Cement Ltd. (Call option) $$
 Call -0.28% ₹304L
HDFC Asset Management Company Ltd. (Call option) $$
 Call -0.30% ₹324L
Container Corporation of India Ltd. (Call option) $$
 Call -0.30% ₹325L
Britannia Industries Ltd. (Call option) $$
 Call -0.33% ₹356L
Titan Company Ltd. (Call option) $$
 Call -0.41% ₹438L
Shriram Finance Ltd. (Call option) $$
 Call -0.45% ₹490L
Eternal Ltd. (Call option) $$
 Call -0.50% ₹535L
TVS Motor Company Ltd. (Call option) $$
 Call -0.52% ₹558L
Axis Bank Ltd. (Call option) $$
 Call -0.52% ₹560L
Reliance Industries Ltd. (Call option) $$
 Call -0.98% ₹1,056L
Maruti Suzuki India Ltd. (Call option) $$
 Call -1.27% ₹1,370L

No futures positions

Portfolio Analysis
Updated July 2026
July 2026 — Monthly Update

Isif Hybrid Long-Short Fund runs a fully hedged short book. All 22 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 (66.2%), debt (20.5%), and cash & equivalents (18.4%). The equity + futures combination contributes alpha through relative performance, independent of broad market direction.

March 2026 — Initial Coverage

Tequity initiated coverage of Isif Hybrid 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: 116.41%. Equity: 66.24%, Debt: 20.53%, Cash & Equiv: 18.44%, Options Short: 8.20%, Futures Short: 0.00%. Naked futures short: 0% (fully hedged). Total positions: 102.

June 2026

Net long: 100.01%. Gross exposure: 100.05%. Equity: 66.96%, Debt: 20.19%, Cash & Equiv: 12.63%, Options Short: 0.02%, Futures Short: 0.00%. Naked futures short: 0% (fully hedged). Total positions: 73.

May 2026

Net long: 100.02%. Gross exposure: 100.12%. Equity: 65.99%, Debt: 20.70%, Cash & Equiv: 12.81%, Options Short: 0.05%, Futures Short: 0.00%. Naked futures short: 0% (fully hedged). Total positions: 83.

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Fund Details
AMCiSIF
CategoryHybrid 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.8.2%
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.116.4%
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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