Home/ SIF Funds/ Titanium Hybrid Long-Short Fund
Hybrid Long-Short

Titanium Hybrid Long-Short Fund

by Titanium Asset Management  |  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.
95.0%
of NAV
Gross Exposure ?Long book + |Short book| in absolute terms. Values above 100% reflect leverage through derivatives.
105.0%
of NAV
Gross Short ?Absolute value of all short positions (% of NAV). Includes both hedged shorts (matched against a long holding) and naked shorts.
5.0%
Futures + Options
Naked Shorts ?Short positions with no matching long holding. Pure directional bets — unlike hedged shorts which simply offset a stock held long.
3.82%
4 futures contract(s)
Positions
93
77 long + 16 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: 14.7% notional) are a derivative overlay on top, expressing additional directional views. Total gross exposure therefore exceeds 100%. Net Long (95.0%) reflects the combined effect of the physical book and the net futures position.

Portfolio Bifurcation — July 2026 (scroll right →)

EQUITY
+50.4%		DEBT
+24.8%		COMMODITY
0%		CASH & EQUIV
+10.0%		OPTIONS
-0.1%		FUTURES
+9.9%
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 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
+50.43%+24.83%-+11.83%---+1.12%-2.96%--0.15%+14.74%-1.00%-3.82%
All positions sum to: 95.02% of NAV
Last updated: July 2026  |  Next update: August 2026
Portfolio Allocation
July 2026
Equity (Long)
50.43%
Debt (Long)
24.83%
Cash & Equivalents
9.99%
Futures (Long)
14.74%
Options (Long)
0.00%
Gross Short ?Absolute value of all short positions. Includes hedged + naked shorts.
-4.97%
Holdings
77 long  +  16 short
Company% NAVMkt ValueWeight
ICICI BANK LTD.
 4.40% ₹2,584L
HDFC BANK LTD.
 3.95% ₹2,319L
MAHINDRA & MAHINDRA LTD.
 3.18% ₹1,869L
BHARTI AIRTEL LTD.
 3.02% ₹1,775L
RELIANCE INDUSTRIES LTD.
 2.67% ₹1,569L
LARSEN & TOUBRO LTD.
 2.42% ₹1,418L
NTPC Ltd.
 1.95% ₹1,146L
STATE BANK OF INDIA
 1.93% ₹1,130L
ITC LTD.
 1.44% ₹843L
AXIS BANK LTD.
 1.26% ₹738L
BROOKFIELD INDIA REAL ESTATE TRUST
 1.16% ₹683L
EMBASSY OFFICE PARKS REIT
 1.12% ₹657L
BRITANNIA INDUSTRIES LTD.
 1.11% ₹650L
VISHAL MEGA MART LTD
 1.09% ₹643L
VEDANTA ALUMINIUM METAL LTD.
 1.08% ₹636L
NHPC LTD.
 1.07% ₹630L
SHREE CEMENT LTD.
 1.02% ₹599L
AMBUJA CEMENTS LTD.
 0.99% ₹580L
BAYER CROPSCIENCE LTD.
 0.98% ₹573L
TATA COMMUNICATIONS LTD.
 0.96% ₹562L
JINDAL STEEL LTD.
 0.94% ₹551L
LG ELECTRONICS INDIA LTD
 0.89% ₹522L
INDUSIND BANK LTD.
 0.86% ₹506L
CAN FIN HOMES LTD.
 0.84% ₹492L
PRESTIGE ESTATES PROJECTS LTD.
 0.83% ₹485L
InstrumentCoupon% NAVMkt Value
** 08.85 % MUTHOOT FINANCE LTD. - 20/12/2028
 - 8.57% ₹5,029L
** 07.51 % SMALL INDUST DEVLOP BANK OF INDIA - 12/06/2028
 - 4.26% ₹2,502L
** 08.20 % ADANI POWER LTD. - 25/01/2029
 - 3.39% ₹1,992L
** 08.95 % CREDILA FINANCIAL SERVICES LTD. - 22/06/2028
 - 2.56% ₹1,501L
GOI - 7.02% (18/06/2031)
 - 1.75% ₹1,025L
GOI - 6.36% (16/02/2031)
 - 1.70% ₹997L
SDL GUJARAT 8.35% (06/03/2029)
 - 0.88% ₹518L
SGS ANDHRA PRADESH 7.54% (11/01/2029)
 - 0.86% ₹507L
GOI - 6.94% (11/05/2036)
 - 0.86% ₹504L
Money Market
Instrument% NAVMkt Value
I) REPO
 +8.65% ₹5,077L
** TREASURY BILL 364 DAYS (08/10/2026)
 +4.22% ₹2,476L
** TREASURY BILL 364 DAYS (23/10/2026)
 +4.21% ₹2,470L
** TREASURY BILL 91 DAYS (20/08/2026)
 +3.40% ₹1,995L
Net Rec/(Pay)
Instrument% NAVMkt Value
NET CURRENT LIABILITIES
 -11.61% ₹6,811L
Estimated margin required: ~0.72% of NAV. Cash & equivalents stand at 8.9% — approximately 12x coverage. TREPS and money market instruments earn 6.5–7.5% p.a. — an active yield position, not idle margin reserve.
Short Options
InstrumentType% NAVMkt Value
MPHASIS LTD.
 - -0.01% ₹4.0L
SBI LIFE INSURANCE COMPANY LTD.
 - -0.01% ₹4.1L
BRITANNIA INDUSTRIES LTD.
 - -0.01% ₹5.2L
MARUTI SUZUKI INDIA LTD.
 - -0.01% ₹2.6L
S&P CNX NIFTY
 - -0.01% ₹4.5L
OIL INDIA LTD.
 - -0.01% ₹6.5L
RELIANCE INDUSTRIES LTD.
 - -0.01% ₹6.7L
PRESTIGE ESTATES PROJECTS LTD.
 - -0.01% ₹8.0L
NHPC LTD.
 - -0.02% ₹9.4L
LARSEN & TOUBRO LTD.
 - -0.02% ₹9.8L
GE VERNOVA T & D INDIA LTD.
 - -0.03% ₹20.1L
Long Futures
Contract% NAVMkt ValueExpiry
BPCL
 +1.08% ₹634L -
HINDUSTAN UNILEVER LTD.
 +1.08% ₹632L -
AXIS BANK LTD.
 +1.05% ₹618L -
ULTRATECH CEMENT LTD.
 +1.02% ₹596L -
GE VERNOVA T & D INDIA LTD.
 +1.01% ₹594L -
INFOSYS LTD.
 +1.00% ₹589L -
AVENUE SUPERMARTS LTD.
 +1.00% ₹589L -
OIL & NATU. GAS CO.
 +0.98% ₹572L -
SBI LIFE INSURANCE COMPANY LTD.
 +0.96% ₹566L -
TATA CONSULTANCY SERVICES LTD.
 +0.91% ₹535L -
SBI CARDS & PAYMENT SERVICES LTD.
 +0.90% ₹529L -
SWIGGY LTD
 +0.88% ₹517L -
MAX FINANCIAL SERVICES LTD.
 +0.85% ₹500L -
SHRIRAM FINANCE LTD.
 +0.74% ₹433L -
TATA MOTORS PASSENGER VEHICLES LTD.
 +0.70% ₹410L -
TRENT LTD.
 +0.58% ₹339L -
Short Futures — Hedged
Contract% NAVMkt ValueExpiry
LARSEN & TOUBRO LTD.
 -1.00% ₹588L -
Short Futures — Naked
Contract% NAVMkt ValueExpiry
HYUNDAI MOTOR INDIA LTD.
 -0.81% ₹476L -
BAJAJ AUTO LTD.
 -0.89% ₹520L -
FEDERAL BANK LTD.
 -0.92% ₹538L -
NIFTY MIDCAP SELECT INDEX
 -1.21% ₹711L -
Naked (directional) futures short: 3.82% of NAV across 4 contract(s).
Portfolio Analysis
Updated July 2026
July 2026 — Monthly Update

Titanium Hybrid Long-Short Fund runs a mixed short book — hedged positions paired with equity longs, plus 3.82% 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 95.0% 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 (0.15%) adds further positioning.

March 2026 — Initial Coverage

Tequity initiated coverage of Titanium Hybrid Long-Short Fund with the March 2026 portfolio disclosure. Updated monthly as Titanium Asset Management 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: 95.02%. Gross exposure: 104.96%. Equity: 51.55%, Debt: 24.83%, Cash & Equiv: 8.87%, Options Short: 0.15%, Futures Short: 4.83%. Naked futures short: 3.82%. Total positions: 93.

May 2026

Net long: 97.46%. Gross exposure: 124.86%. Equity: 55.15%, Debt: 21.83%, Cash & Equiv: 22.99%, Options Short: 7.08%, Futures Short: 6.62%. Naked futures short: 6.62%. Total positions: 89.

March 2026

Net long: 107.98%. Gross exposure: 116.74%. Equity: 56.57%, Debt: 19.69%, Cash & Equiv: 23.90%, Options Short: 0.16%, Futures Short: 4.21%. Naked futures short: 4.21%. Total positions: 102.

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Fund Details
AMCTitanium Asset Management
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.95.0%
Gross Short ?Absolute value of all short positions. Includes hedged + naked shorts.5.0%
Naked Short ?Shorts with no matching long. Pure directional bets against specific stocks.3.82%
Gross Exposure ?Long book + |Short book|. Values above 100% indicate derivative leverage.105.0%
Disclaimer: All data sourced from AMFI monthly portfolio disclosures (July 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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