Qsif Active Asset Allocator Long-Short Fund

by quant Mutual Fund | 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.

84.5%

of NAV

Gross Exposure ?Long book + |Short book| in absolute terms. Values above 100% reflect leverage through derivatives.

115.5%

of NAV

Gross Short ?Absolute value of all short positions (% of NAV). Includes both hedged shorts (matched against a long holding) and naked shorts.

15.5%

Futures + Options

Naked Shorts ?Short positions with no matching long holding. Pure directional bets — unlike hedged shorts which simply offset a stock held long.

7.56%

4 futures contract(s)

Positions

26 long + 5 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 15.5% gross short book is built entirely through futures or options. Net Long (84.5%) is the effective market exposure after netting the short derivatives against the physical book.

Portfolio Bifurcation — July 2026 (scroll right →)

EQUITY +42.7%	DEBT 0%	COMMODITY 0%	CASH & EQUIV +57.3%						OPTIONS 0%		FUTURES -15.5%
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 premium	Short?Options written or sold short — shown as absolute value of obligation	Long?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
+42.72%	-	-	+5.04%	+50.25%	-	-	-	+1.99%	-	-	-	-7.91%	-7.56%

All positions sum to: 84.53% of NAV

Last updated: July 2026 | Next update: August 2026

Portfolio Allocation

July 2026

Equity (Long)

42.72%

Debt (Long)

0.00%

Cash & Equivalents

57.28%

Futures (Long)

0.00%

Options (Long)

0.00%

Gross Short ?Absolute value of all short positions. Includes hedged + naked shorts.

-15.47%

Holdings

26 long + 5 short

Company	% NAV	Mkt Value
INDO-MIM Limited	9.59%	₹1,605L
Adani Energy Solutions Limited	7.91%	₹1,324L
Adani Green Energy Limited	4.80%	₹804L
JSW Infrastructure Limited	4.29%	₹719L
Caliber Mining and Logistics Limited	3.92%	₹656L
Indus Towers Limited	2.98%	₹499L
Capri Global Capital Limited	2.71%	₹454L
UPL Limited	2.37%	₹397L
LIC Housing Finance Ltd	1.40%	₹234L
Hexaware Technologies Limited	1.40%	₹234L
MANGALORE REFINERY & PETROCHEMICALS LTD	1.21%	₹203L
BLUE JET HEALTHCARE LTD	0.13%	₹22.6L

Instrument	Coupon	% NAV	Mkt Value
No debt holdings

TREPS / Repo

Instrument	% NAV	Mkt Value
TREPS 03-Aug-2026 DEPO 10	+50.25%	₹8,415L

Money Market

Instrument	% NAV	Mkt Value
91 Days Treasury Bill 29-Oct-2026	+0.88%	₹148L
91 Days Treasury Bill 06-Aug-2026	+0.60%	₹99.9L
91 Days Treasury Bill 13-Aug-2026	+0.60%	₹99.8L
91 Days Treasury Bill 22-Oct-2026	+0.59%	₹98.8L
91 Days Treasury Bill 28-Aug-2026	+0.30%	₹49.8L
91 Days Treasury Bill 03-Sep-2026	+0.30%	₹49.8L
91 Days Treasury Bill 10-Sep-2026	+0.30%	₹49.7L
91 Days Treasury Bill 17-Sep-2026	+0.30%	₹49.7L
91 Days Treasury Bill 24-Sep-2026	+0.30%	₹49.6L
91 Days Treasury Bill 01-Oct-2026	+0.30%	₹49.6L
91 Days Treasury Bill 08-Oct-2026	+0.30%	₹49.5L
91 Days Treasury Bill 15-Oct-2026	+0.30%	₹49.5L

Net Rec/(Pay)

Instrument	% NAV	Mkt Value
NCA-NET CURRENT ASSETS	+1.99%	₹334L

Estimated margin required: ~1.52% of NAV. Cash & equivalents stand at 57.3% — approximately 37x coverage. TREPS and money market instruments earn 6.5–7.5% p.a. — an active yield position, not idle margin reserve.

No options positions

Short Futures — Hedged

Contract	% NAV	Mkt Value	Expiry
Adani Energy Solutions Limited	-7.91%	₹1,325L	-

Short Futures — Naked

Contract	% NAV	Mkt Value	Expiry
Bajaj Finance Limited	-1.54%	₹258L	-
Cipla Limited	-1.69%	₹282L	-
Eicher Motors Ltd	-1.97%	₹330L	-
Biocon Ltd	-2.36%	₹395L	-

Naked (directional) futures short: 7.56% of NAV across 4 contract(s).

Portfolio Analysis

Updated July 2026

July 2026 — Monthly Update

Qsif Active Asset Allocator Long-Short Fund runs a mixed short book — hedged positions paired with equity longs, plus 7.56% in naked directional shorts across 4 futures contract(s). These represent direct bets on specific stocks or indices falling in price.

Net long exposure of 84.5% reflects partial but not complete market hedging. Investors get reduced market beta versus a long-only fund, combined with potential alpha from both long and short stock selection. Options short book (0.00%) adds further positioning.

March 2026 — Initial Coverage

Tequity initiated coverage of Qsif Active Asset Allocator Long-Short Fund with the March 2026 portfolio disclosure. Updated monthly as quant Mutual Fund 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: 84.53%. Gross exposure: 115.47%. Equity: 42.72%, Debt: 0.00%, Cash & Equiv: 57.28%, Options Short: 0.00%, Futures Short: 15.47%. Naked futures short: 7.56%. Total positions: 31.

May 2026

Net long: 100.00%. Gross exposure: 102.25%. Equity: 49.03%, Debt: 0.00%, Cash & Equiv: 40.24%, Options Short: 0.00%, Futures Short: 1.12%. Naked futures short: 1.12%. Total positions: 21.

Qsif Active Asset Allocator Long-Short Fund

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