Select Equity Ex-Top 100 Long-Short Fund
Sundaram Mutual Fund
An open-ended Ex-Top 100 equity SIF with limited derivative short exposure. Risk Band Level 5 at NFO; refer to the official ISID before subscribing.
October 21 to November 4, 2026
Bridge the gap between Mutual Funds and PMS. Compare, track and invest in SEBI-regulated SIFs with just Rs 10 Lakhs minimum investment.
Rs 10L
Min Investment
39
Strategies Tracked
1
NFOs Open
SEBI
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Explore the SIFPrime platform
Explore Specialized Investment Funds across AMCs, compare NAVs and returns, review monthly AUM and portfolios, and access investment workflows through SIFPrime.
Explore live SIF performanceMatch strategy to objective
Different SIF strategies serve different investment objectives. The questions below can help narrow down which approach may deserve a closer look.
Seeking income with controlled equity participation?
Explore Hybrid Long-Short strategies
Looking for opportunities beyond India’s 100 largest companies?
Explore Equity Ex-Top 100 Long-Short strategies
Want core equity exposure with tools to reduce some market volatility?
Explore Equity Long-Short strategies
Need one strategy that can shift between shares, debt, cash and commodities?
Explore Active Asset Allocator strategies
Have a strong view on which industries may lead the market?
Explore Sector Rotation Long-Short strategies
A SIF is not automatically suitable because the minimum investment is affordable. Strategy risk, liquidity, costs and portfolio fit still matter.
Personal guidance
Discuss your goals, existing portfolio, risk comfort and investment horizon before choosing a SIF category or fund.
SIF and mutual-fund categories
These categories may solve related portfolio needs, but they are not direct substitutes. SIFs have different mandates, derivative flexibility, risks, costs and minimum-investment rules.
| SIF strategy | Closest MF reference categories | Important difference |
|---|---|---|
| Hybrid Long-Short SIF | Balanced Advantage, Aggressive Hybrid or Arbitrage MF | SIF can combine debt, equity and a more flexible short/derivative book. |
| Equity Ex-Top 100 Long-Short SIF | Mid Cap, Small Cap or Flexi Cap MF | Both can invest beyond large caps; the SIF can also use limited short exposure. |
| Equity Long-Short SIF | Flexi Cap, Large & Mid Cap or focused equity MF | The mutual fund is mainly long-only; the SIF can reshape exposure with shorts and options. |
| Active Asset Allocator SIF | Multi Asset Allocation or Balanced Advantage MF | The SIF may allocate across more instruments and use long-short overlays. |
| Sector Rotation Long-Short SIF | Sectoral or Thematic MF | Both make sector calls, but the SIF can rotate and use limited short exposure. |
Sundaram Mutual Fund
An open-ended Ex-Top 100 equity SIF with limited derivative short exposure. Risk Band Level 5 at NFO; refer to the official ISID before subscribing.
October 21 to November 4, 2026
Review every month's fund-by-fund returns, NAV journey charts, heatmaps, and performance rankings.
35
Live funds
5
Categories
+15.38%
Best calendar-month return
qSIF Ex-Top 100 · Apr 2026
New risk-adjusted rankings
Compare annualized volatility and Sharpe ratio across India's complete 33-strategy SIF universe using available Direct Growth daily NAV history.
Explore risk-adjusted rankingsHighest Sharpe
3.30
qSIF AAA
Lowest volatility
1.16%
Arudha Hybrid
Data-qualified
34 / 33
20+ daily returns
Explore the comparison
Compare 1, 3 and 6 month returns against researched mutual fund alternatives, using matching NAV dates. See where SIFs lead, where mutual funds lead, and why each peer was selected.
Note: short-term returns do not establish lasting or risk-adjusted superiority. Strategies and risks differ; results appear only where sufficient common history is available.
Team
From Wall Street to family offices to India's newest asset class.

Kiran Dutta is the founder of SIFPrime.com — the Morningstar + BSE execution platform for SIFs, the newest asset class in India.
Prior to SIFPrime, Kiran built one of the largest family office networks and helped families deploy $300 million in the VC / PE asset class. He is an alum of Columbia University and has worked on Wall Street and for President Obama's team in Ethiopia.
“Give investors highly informative and knowledgeable access to this new asset class, and help distributors build a decent SIF AUM.”
— Kiran's goal for SIFPrime
Our research, media coverage and conversations with industry leaders on Specialized Investment Funds.

Our Founder, Kiran Dutta, spoke on “How SIF Strategies Perform Across Different Market Cycles” in Delhi, alongside fund managers and industry leaders.
From left to right

Our Founder, Kiran Dutta, spoke on “How SIF Strategies Perform Across Different Market Cycles” in Ahmedabad, alongside fund managers and industry leaders.
From left to right
Swipe to explore all media coverage
AUM and expense-ratio context for sharper SIF selection.
View AMFI data freshnessSource: Information compiled from official SIF websites including Quant SIF, Edelweiss Altiva, ITI Diviniti, SBI Magnum SIF, and Tata Titanium SIF. Refer to official scheme documents for complete details.
Discover & compare
Find a strategy, explore its funds and build your comparison.
Profiles such as Moderate, Aggressive and Conservative are SIFPrime research groupings. Check the official AMC risk band in the fund documents.
39 funds
Latest available NAVs · Absolute returns
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Aditya Birla Sun Life Mutual Fund
ESF+ multi-strategy: arbitrage, directional, special situations



Kotak Mahindra Mutual Fund
Interval hybrid: 35-75% equity vs 25-65% debt and money market with <=25% unhedged short via derivatives; NSE + BSE listing proposed
HSBC Mutual Fund
Interval hybrid with 25-75% equity, 25-75% debt and <=25% unhedged short via derivatives

Mirae Asset Mutual Fund
Income-oriented: arbitrage, covered calls + debt with limited unhedged equity & short via derivatives
AlphaGrep Mutual Fund
Interval hybrid strategy combining equity, arbitrage, derivatives, special situations and fixed income
Jio BlackRock Mutual Fund
Interval hybrid: 35-75% equity, 25-65% debt, <=25% unhedged short via equity/debt derivatives, BlackRock signal research + Aladdin



Edelweiss Mutual Fund
Diversified listed-equity strategy using proprietary quant, top-down and bottom-up selection with <=25% unhedged short exposure
Tata Mutual Fund
Long-biased equity (80–100%) with ≤25% unhedged short via derivatives
The Wealth Company MF
Long-biased equity strategy across market caps with derivatives overlay



Aditya Birla Sun Life Mutual Fund
Open-ended listed-equity strategy with limited derivative short exposure

Union Mutual Fund
Active multi-cap long/short on F&O universe with ≤25% unhedged short

ICICI Prudential Mutual Fund
Listed Nifty 500 equity with limited short exposure via derivatives
Mahindra Manulife Mutual Fund
Open-ended equity long-short strategy with 80-100% equity and limited unhedged derivative short exposure

Invesco Mutual Fund
Bottom-up equity long-short: 80-100% listed equity with <=25% tactical unhedged short via derivatives

360 ONE Asset
Mid/small-cap alpha (65-100% ex-top 100) with <=25% unhedged short via derivatives
The Wealth Company MF
Mid/small-cap alpha (65–100% ex-top 100) with ≤25% unhedged short via derivatives


Edelweiss Mutual Fund
Mid + small cap long-short with up to 25% unhedged short via derivatives

Aditya Birla Sun Life Mutual Fund
Open-ended Ex-Top 100 equity strategy with limited derivative short exposure
SBI Mutual Fund
Open-ended equity strategy investing primarily outside the top 100 by market capitalisation, with limited derivative short exposure
Sundaram Mutual Fund
Open-ended Ex-Top 100 equity strategy with limited short exposure through derivatives

Quant Mutual Fund
Quant-driven tactical allocation with long-short overlay
Tata Mutual Fund
Interval multi-asset strategy across equity, debt, commodity derivatives and InvITs

ICICI Prudential Mutual Fund
Dynamic multi-asset across equity, debt, gold, silver, InvITs

Invesco Mutual Fund
Interval active asset allocation long-short strategy

Quant Mutual Fund
Concentrated in 4 of 12 sectors with derivatives short overlay