Qsif Equity Ex Top 100 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.

84.7%

of NAV

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

115.3%

of NAV

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

15.3%

Futures + Options

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

5.26%

2 futures contract(s)

Positions

45 long + 4 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 15.3% gross short book is built entirely through futures or options. Net Long (84.7%) is the effective market exposure after netting the short derivatives against the physical book.

Portfolio Bifurcation — July 2026 (scroll right →)

EQUITY +77.8%	DEBT 0%	COMMODITY 0%	CASH & EQUIV +22.2%						OPTIONS 0%		FUTURES -15.3%
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
+77.84%	-	-	+6.15%	+20.16%	-	-	-	-4.15%	-	-	-	-10.02%	-5.26%

All positions sum to: 84.72% of NAV

Last updated: July 2026 | Next update: August 2026

Portfolio Allocation

July 2026

Equity (Long)

77.84%

Debt (Long)

0.00%

Cash & Equivalents

22.16%

Futures (Long)

0.00%

Options (Long)

0.00%

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

-15.28%

Holdings

45 long + 4 short

Company	% NAV	Mkt Value
Adani Energy Solutions Limited	7.28%	₹3,056L
Caliber Mining and Logistics Limited	6.25%	₹2,623L
63 moons technologies limited	6.14%	₹2,579L
Sona BLW Precision Forgings Limited	6.08%	₹2,552L
INDO-MIM Limited	5.73%	₹2,408L
JSW Infrastructure Limited	5.24%	₹2,202L
Indus Towers Limited	4.41%	₹1,854L
UPL Limited	3.36%	₹1,411L
Premier Energies Limited	2.91%	₹1,222L
Indegene Limited	2.85%	₹1,197L
KPIT Technologies Limited	2.76%	₹1,159L
IDBI Bank Limited	2.71%	₹1,137L
MANGALORE REFINERY & PETROCHEMICALS LTD	2.28%	₹959L
Tata Chemicals Ltd	2.04%	₹856L
Sonata Software Limited	1.77%	₹744L
PTC India Limited	1.71%	₹719L
Poly Medicure Limited	1.57%	₹660L
AWL Agri Business Limited	1.44%	₹606L
Aegis Logistics Limited	1.41%	₹593L
IRB Infrastructure Developers Limited	1.24%	₹520L
BLUE JET HEALTHCARE LTD	1.20%	₹505L
SUN TV Network Limited	1.08%	₹453L
LG Electronics India Limited	1.01%	₹424L
Hexaware Technologies Limited	0.99%	₹416L
Afcons Infrastructure Limited	0.99%	₹415L
Usha Martin Limited	0.80%	₹336L
Simplex Infrastructures Limited	0.70%	₹292L
IPCA Laboratories Ltd	0.50%	₹212L
ETHOS LIMITED	0.49%	₹206L
TVS Srichakra Limited	0.49%	₹204L
Digitide Solutions Limited	0.41%	₹171L

Instrument	Coupon	% NAV	Mkt Value
No debt holdings

TREPS / Repo

Instrument	% NAV	Mkt Value
TREPS 03-Aug-2026 DEPO 10	+20.16%	₹8,468L

Money Market

Instrument	% NAV	Mkt Value
91 Days Treasury Bill 22-Oct-2026	+0.71%	₹296L
91 Days Treasury Bill 29-Oct-2026	+0.71%	₹296L
91 Days Treasury Bill 06-Aug-2026	+0.48%	₹200L
91 Days Treasury Bill 13-Aug-2026	+0.48%	₹200L
91 Days Treasury Bill 20-Aug-2026	+0.47%	₹199L
91 Days Treasury Bill 28-Aug-2026	+0.47%	₹199L
91 Days Treasury Bill 03-Sep-2026	+0.47%	₹199L
91 Days Treasury Bill 10-Sep-2026	+0.47%	₹199L
91 Days Treasury Bill 17-Sep-2026	+0.47%	₹199L
91 Days Treasury Bill 24-Sep-2026	+0.47%	₹198L
91 Days Treasury Bill 01-Oct-2026	+0.47%	₹198L
91 Days Treasury Bill 15-Oct-2026	+0.47%	₹198L

Net Rec/(Pay)

Instrument	% NAV	Mkt Value
NCA-NET CURRENT ASSETS	-4.15%	₹1,744L

Estimated margin required: ~1.12% of NAV. Cash & equivalents stand at 22.2% — approximately 19x 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
KPIT Technologies Limited	-2.73%	₹1,146L	-
Adani Energy Solutions Limited	-7.29%	₹3,061L	-

Short Futures — Naked

Contract	% NAV	Mkt Value	Expiry
Biocon Ltd	-2.49%	₹1,047L	-
Multi Commodity Exchange of India Ltd.	-2.77%	₹1,162L	-

Naked (directional) futures short: 5.26% of NAV across 2 contract(s).

Portfolio Analysis

Updated July 2026

July 2026 — Monthly Update

Qsif Equity Ex Top 100 Long-Short Fund runs a mixed short book — hedged positions paired with equity longs, plus 5.26% in naked directional shorts across 2 futures contract(s). These represent direct bets on specific stocks or indices falling in price.

Net long exposure of 84.7% 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 Equity Ex Top 100 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: 84.72%. Gross exposure: 115.28%. Equity: 77.84%, Debt: 0.00%, Cash & Equiv: 22.16%, Options Short: 0.00%, Futures Short: 15.28%. Naked futures short: 5.26%. Total positions: 49.

May 2026

Net long: 100.00%. Gross exposure: 112.92%. Equity: 75.66%, Debt: 0.00%, Cash & Equiv: 25.85%, Options Short: 0.00%, Futures Short: 6.46%. Naked futures short: 6.46%. Total positions: 39.

March 2026

Net long: 107.82%. Gross exposure: 120.27%. Equity: 68.21%, Debt: 0.00%, Cash & Equiv: 31.79%, Options Short: 0.00%, Futures Short: 6.22%. Naked futures short: 1.56%. Total positions: 43.

Qsif Equity Ex Top 100 Long-Short Fund

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