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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.
100.1%
of NAV
Gross Short ?Absolute value of all short positions (% of NAV). Includes both hedged shorts (matched against a long holding) and naked shorts.
0.0%
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
83
79 long + 4 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
+66.0%		DEBT
+20.7%		COMMODITY
0%		CASH & EQUIV
+12.8%		OPTIONS
+0.5%		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
+65.99%+20.70%-+4.57%+12.08%----3.84%+0.57%-0.05%---
All positions sum to: 100.02% of NAV
Last updated: May 2026  |  Next update: June 2026
Portfolio Allocation
May 2026
Equity (Long)
65.99%
Debt (Long)
20.70%
Cash & Equivalents
12.81%
Futures (Long)
0.00%
Options (Long)
0.57%
Gross Short ?Absolute value of all short positions. Includes hedged + naked shorts.
-0.05%
Holdings
79 long  +  4 short
Company% NAVMkt ValueWeight
TVS Motor Company Ltd.
 4.08% ₹3,450L
HDFC Bank Ltd.
 3.69% ₹3,116L
Eternal Ltd.
 3.57% ₹3,012L
Shriram Finance Ltd.
 3.49% ₹2,944L
Reliance Industries Ltd.
 3.40% ₹2,870L
NTPC Ltd.
 3.14% ₹2,650L
ICICI Bank Ltd.
 2.59% ₹2,189L
Maruti Suzuki India Ltd.
 2.42% ₹2,046L
State Bank Of India
 2.21% ₹1,865L
Interglobe Aviation Ltd.
 2.12% ₹1,794L
Tata Motors Ltd.
 2.07% ₹1,751L
Infosys Ltd.
 2.05% ₹1,735L
Larsen & Toubro Ltd.
 2.05% ₹1,730L
Tata Steel Ltd.
 1.83% ₹1,545L
Mahindra & Mahindra Ltd.
 1.74% ₹1,465L
Axis Bank Ltd.
 1.68% ₹1,418L
Shadowfax Technologies Ltd
 1.48% ₹1,251L
Avenue Supermarts Ltd.
 1.44% ₹1,215L
Britannia Industries Ltd.
 1.40% ₹1,186L
360 One Wam Ltd.
 1.39% ₹1,177L
Tech Mahindra Ltd.
 1.27% ₹1,068L
Ultratech Cement Ltd.
 1.14% ₹963L
Triveni Turbine Ltd.
 1.06% ₹891L
Red Tape Ltd
 1.05% ₹884L
Travel Food Services Ltd
 1.03% ₹874L
InstrumentCoupon% NAVMkt Value
Cholamandalam Investment And Finance Company Ltd. **
 - 2.96% ₹2,499L
Muthoot Finance Ltd. **
 - 2.95% ₹2,488L
NABARD
 - 2.94% ₹2,484L
360 One Prime Ltd **
 - 2.94% ₹2,480L
Government Securities
 - 2.74% ₹2,312L
State Government of Telangana
 - 2.60% ₹2,196L
Government Securities
 - 1.68% ₹1,415L
Government Securities
 - 1.18% ₹997L
State Government of Haryana
 - 0.72% ₹610L
TREPS / Repo
Instrument% NAVMkt Value
TREPS
 +12.08% ₹10,201L
Money Market
Instrument% NAVMkt Value
Canara Bank **
 +2.81% ₹2,370L
91 Days Treasury Bills
 +0.59% ₹496L
182 Days Treasury Bills
 +0.47% ₹397L
182 Days Treasury Bills
 +0.35% ₹300L
364 Days Treasury Bills
 +0.24% ₹200L
91 Days Treasury Bills
 +0.12% ₹99.4L
Cash Margin
Instrument% NAVMkt Value
Cash Margin - Derivatives
 +2.25% ₹1,900L
Net Rec/(Pay)
Instrument% NAVMkt Value
Net Current Assets
 -6.09% ₹5,146L
Estimated margin required: ~0.00% of NAV. Cash & equivalents stand at 12.8% — 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
Nifty 50 Index Call option $$
 Call +0.41% ₹345L
TVS Motor Company Ltd.(Put Option) $$
 Put +0.05% ₹43.0L
HDFC Bank Ltd.(Put Option) $$
 Put +0.02% ₹17.2L
State Bank Of India(Put Option) $$
 Put +0.02% ₹13.7L
Bajaj Finance Ltd.(Put Option) $$
 Put +0.02% ₹13.5L
Reliance Industries Ltd.(Put Option) $$
 Put +0.01% ₹11.6L
Mahindra & Mahindra Ltd.(Put Option) $$
 Put +0.01% ₹9.0L
Ultratech Cement Ltd.(Put Option) $$
 Put +0.01% ₹7.8L
Hyundai Motor India Ltd.(Put Option) $$
 Put +0.01% ₹6.8L
Kotak Mahindra Bank Ltd.(Put Option) $$
 Put +0.01% ₹6.4L
Hyundai Motor India Ltd.(Put Option) $$
 Put +0.01% ₹6.0L
Larsen & Toubro Ltd.(Put Option) $$
 Put +0.01% ₹4.5L
Short Options
InstrumentType% NAVMkt Value
Eternal Ltd.(Call Option) $$
 Call -0.01% ₹6.0L
Reliance Industries Ltd.(Call Option) $$
 Call -0.01% ₹6.3L
Reliance Industries Ltd.(Call Option) $$
 Call -0.01% ₹11.6L
Tech Mahindra Ltd.(Call Option) $$
 Call -0.02% ₹17.9L

No futures positions

Portfolio Analysis
Updated May 2026
May 2026 — Monthly Update

Isif Hybrid Long-Short Fund runs a fully hedged short book. All 4 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 (66.0%), debt (20.7%), and cash & equivalents (12.8%). 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
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.0.0%
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.100.1%
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.

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