Qsif Sector Rotation 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.

37.1%

of NAV

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

162.9%

of NAV

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

62.9%

Futures + Options

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

all hedged

Positions

18 long + 7 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 62.9% gross short book is built entirely through futures or options. Net Long (37.1%) is the effective market exposure after netting the short derivatives against the physical book.

Portfolio Bifurcation — July 2026 (scroll right →)

EQUITY +80.8%	DEBT 0%	COMMODITY 0%	CASH & EQUIV +19.2%						OPTIONS 0%		FUTURES -62.9%
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
+80.83%	-	-	+8.19%	+7.36%	-	-	-	+3.62%	-	-	-	-62.89%	-

All positions sum to: 37.11% of NAV

Last updated: July 2026 | Next update: August 2026

Portfolio Allocation

July 2026

Equity (Long)

80.83%

Debt (Long)

0.00%

Cash & Equivalents

19.17%

Futures (Long)

0.00%

Options (Long)

0.00%

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

-62.89%

Holdings

18 long + 7 short

Company	% NAV	Mkt Value
GMR Airports Limited	9.54%	₹463L
Adani Ports & Special Economic Zone Ltd	9.46%	₹459L
Indus Towers Limited	9.29%	₹451L
Bharti Airtel Limited	9.18%	₹446L
Vodafone Idea Ltd.	9.18%	₹446L
United Spirits Limited	9.11%	₹443L
Nestle India Limited	8.80%	₹427L
JSW Infrastructure Limited	8.46%	₹411L
Interglobe Aviation Limited	7.82%	₹380L

Instrument	Coupon	% NAV	Mkt Value
No debt holdings

TREPS / Repo

Instrument	% NAV	Mkt Value
TREPS 03-Aug-2026 DEPO 10	+7.36%	₹358L

Money Market

Instrument	% NAV	Mkt Value
91 Days Treasury Bill 13-Aug-2026	+2.06%	₹99.8L
91 Days Treasury Bill 28-Aug-2026	+1.03%	₹49.8L
91 Days Treasury Bill 03-Sep-2026	+1.02%	₹49.8L
91 Days Treasury Bill 10-Sep-2026	+1.02%	₹49.7L
91 Days Treasury Bill 17-Sep-2026	+1.02%	₹49.7L
91 Days Treasury Bill 24-Sep-2026	+1.02%	₹49.6L
91 Days Treasury Bill 29-Oct-2026	+1.02%	₹49.4L

Net Rec/(Pay)

Instrument	% NAV	Mkt Value
NCA-NET CURRENT ASSETS	+3.62%	₹176L

Estimated margin required: ~0.94% of NAV. Cash & equivalents stand at 19.2% — approximately 20x 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
Interglobe Aviation Limited	-7.85%	₹382L	-
Nestle India Limited	-8.71%	₹423L	-
Vodafone Idea Ltd.	-9.04%	₹439L	-
Bharti Airtel Limited	-9.08%	₹441L	-
United Spirits Limited	-9.13%	₹444L	-
Adani Ports & Special Economic Zone Ltd	-9.50%	₹461L	-
GMR Airports Limited	-9.57%	₹465L	-

Portfolio Analysis

Updated July 2026

July 2026 — Monthly Update

Qsif Sector Rotation Long-Short Fund runs a fully hedged short book. All 7 short futures/options positions are paired with corresponding equity longs, resulting in minimal unhedged market exposure from the short side.

Net long exposure of 37.1% is driven by the equity book (80.8%), debt (0.0%), and cash & equivalents (19.2%). The equity + futures combination contributes alpha through relative performance, independent of broad market direction.

March 2026 — Initial Coverage

Tequity initiated coverage of Qsif Sector Rotation 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: 37.11%. Gross exposure: 162.89%. Equity: 80.83%, Debt: 0.00%, Cash & Equiv: 19.17%, Options Short: 0.00%, Futures Short: 62.89%. Naked futures short: 0% (fully hedged). Total positions: 25.

Qsif Sector Rotation Long-Short Fund

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