Qsif Equity 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.

85.9%

of NAV

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

125.7%

of NAV

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

19.9%

Futures + Options

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

11.83%

4 futures contract(s)

Positions

34 long + 5 short

Data As Of

Jul 2026

Updated monthly

Physical book is 100% — futures are an additional derivative overlay

This fund's physical holdings (equity, debt, cash equivalents) independently sum to approximately 100% of NAV. The futures positions (long: 5.8% notional) are a derivative overlay on top, expressing additional directional views. Total gross exposure therefore exceeds 100%. Net Long (85.9%) reflects the combined effect of the physical book and the net futures position.

Portfolio Bifurcation — July 2026 (scroll right →)

EQUITY +71.6%	DEBT 0%	COMMODITY 0%	CASH & EQUIV +28.4%						OPTIONS 0%		FUTURES -14.1%
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
+71.60%	-	-	+6.42%	+25.24%	-	+0.67%	-	-3.94%	-	-	+5.81%	-8.08%	-11.83%

All positions sum to: 85.91% of NAV

Last updated: July 2026 | Next update: August 2026

Portfolio Allocation

July 2026

Equity (Long)

71.60%

Debt (Long)

0.00%

Cash & Equivalents

28.40%

Futures (Long)

5.81%

Options (Long)

0.00%

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

-19.90%

Holdings

34 long + 5 short

Company	% NAV	Mkt Value
Adani Energy Solutions Limited	8.06%	₹6,113L
Indus Towers Limited	8.00%	₹6,067L
JSW Infrastructure Limited	6.80%	₹5,155L
Adani Green Energy Limited	5.50%	₹4,170L
UPL Limited	4.62%	₹3,501L
MANGALORE REFINERY & PETROCHEMICALS LTD	3.90%	₹2,960L
BLUE JET HEALTHCARE LTD	3.50%	₹2,650L
Capri Global Capital Limited	3.05%	₹2,312L
Reliance Industries Limited	2.96%	₹2,245L
Premier Energies Limited	2.95%	₹2,235L
Sona BLW Precision Forgings Limited	2.94%	₹2,231L
AWL Agri Business Limited	2.87%	₹2,179L
Caliber Mining and Logistics Limited	2.59%	₹1,967L
Hexaware Technologies Limited	2.53%	₹1,921L
IDBI Bank Limited	2.39%	₹1,814L
IPCA Laboratories Ltd	2.18%	₹1,653L
Aegis Logistics Limited	1.90%	₹1,438L
Tata Chemicals Ltd	1.89%	₹1,432L
PTC India Limited	1.48%	₹1,125L
YES Bank Ltd.	1.48%	₹1,121L

Instrument	Coupon	% NAV	Mkt Value
No debt holdings

TREPS / Repo

Instrument	% NAV	Mkt Value
TREPS 03-Aug-2026 DEPO 10	+25.24%	₹19,140L

Money Market

Instrument	% NAV	Mkt Value
91 Days Treasury Bill 06-Aug-2026	+0.66%	₹500L
91 Days Treasury Bill 13-Aug-2026	+0.66%	₹499L
91 Days Treasury Bill 20-Aug-2026	+0.66%	₹499L
91 Days Treasury Bill 03-Sep-2026	+0.66%	₹498L
91 Days Treasury Bill 10-Sep-2026	+0.66%	₹497L
91 Days Treasury Bill 17-Sep-2026	+0.66%	₹497L
91 Days Treasury Bill 15-Oct-2026	+0.65%	₹495L
91 Days Treasury Bill 22-Oct-2026	+0.65%	₹494L
91 Days Treasury Bill 29-Oct-2026	+0.65%	₹494L
91 Days Treasury Bill 28-Aug-2026	+0.53%	₹398L

MF Units

Instrument	% NAV	Mkt Value
qsif Sector Rotation Long-Short Fund-DG	+0.67%	₹506L

Net Rec/(Pay)

Instrument	% NAV	Mkt Value
NCA-NET CURRENT ASSETS	-3.94%	₹2,984L

Estimated margin required: ~2.31% of NAV. Cash & equivalents stand at 28.4% — approximately 12x coverage. TREPS and money market instruments earn 6.5–7.5% p.a. — an active yield position, not idle margin reserve.

No options positions

Long Futures

Contract	% NAV	Mkt Value	Expiry
Sona BLW Precision Forgings Limited	+5.81%	₹4,406L	-

Short Futures — Hedged

Contract	% NAV	Mkt Value	Expiry
Adani Energy Solutions Limited	-8.08%	₹6,123L	-

Short Futures — Naked

Contract	% NAV	Mkt Value	Expiry
Bajaj Finance Limited	-1.60%	₹1,211L	-
Cipla Limited	-2.08%	₹1,580L	-
Eicher Motors Ltd	-2.70%	₹2,044L	-
Biocon Ltd	-5.45%	₹4,134L	-

Naked (directional) futures short: 11.83% of NAV across 4 contract(s).

Portfolio Analysis

Updated July 2026

July 2026 — Monthly Update

Qsif Equity Long-Short Fund runs a mixed short book — hedged positions paired with equity longs, plus 11.83% 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 85.9% 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 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: 85.91%. Gross exposure: 125.72%. Equity: 71.60%, Debt: 0.00%, Cash & Equiv: 28.40%, Options Short: 0.00%, Futures Short: 19.90%. Naked futures short: 11.83%. Total positions: 39.

May 2026

Net long: 100.00%. Gross exposure: 117.42%. Equity: 74.53%, Debt: 0.00%, Cash & Equiv: 24.54%, Options Short: 0.00%, Futures Short: 8.71%. Naked futures short: 8.71%. Total positions: 36.

March 2026

Net long: 96.39%. Gross exposure: 112.82%. Equity: 71.63%, Debt: 0.00%, Cash & Equiv: 28.37%, Options Short: 0.00%, Futures Short: 8.21%. Naked futures short: 8.21%. Total positions: 35.

Qsif Equity Long-Short Fund

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