Fund return vs. Equity Long-Short category average.
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This fund is designed for investors seeking long-term capital appreciation through a diversified portfolio of equity and equity-related instruments, combined with limited short exposure via derivatives to enhance returns and manage risk. The fund is best suited for investors with a long-term horizon of three years or more (as per NFO presentation) who can tolerate relatively higher risk, including potential loss of capital.
In rising markets, the fund leans closer to a long-only posture, concentrating its long positions to capture upside participation. Gross long exposure is typically maintained in the 80%-95% range with minimal shorting (up to 10%), keeping net exposure high at 70%-95%, so the strategy captures the bulk of market rallies while retaining modest downside flexibility.
In falling or volatile markets, the fund actively hedges its long exposure and can take unhedged short positions of up to 25% to profit from declines. Gross long exposure is reduced to 25%-50%, net exposure falls to 0%-40%, and the emphasis shifts to capital preservation, aiming to curtail losses compared with a traditional long-only approach.
In range-bound or sideways markets, the fund uses active stock selection and shorting to seek returns even when the broader index is directionless — an advantage over traditional long-only strategies, which must simply wait for the market to move. Gross long exposure is moderated to 50%-75% with short exposure of up to 25%, keeping net exposure flexible in the 25%-75% range.
The fund is built on a three-pillar approach — cash and cash equivalents for near-term stability, a core long-only allocation for long-term growth, and an opportunistic long-short sleeve to capture shorter-term market moves and manage risk. Positioned as a sophisticated, actively risk-managed complement to traditional long-only equity holdings, it aims to participate meaningfully in market upswings while actively working to preserve capital and reduce volatility during downturns — offering a differentiated, risk-adjusted return stream within a broader portfolio.
Long-term capital gains (units held over 12 months) are taxed at 12.5% on gains above Rs. 1.25 lakh, without indexation, and short-term capital gains (units held 12 months or less) are taxed at 20%.
As disclosed by the AMC. Consult a tax advisor for your specific situation.
Name, tenure, qualifications and other schemes managed will appear here once confirmed against the ISID / SID.
Official filings — Scheme Information Document, Investment Strategy Information Document and portfolio disclosures — will appear here once uploaded and verified.