Quant-driven multi-factor hybrid with short overlay
NAV (Direct)
Rs 11.1261
1M
+1.86%
3M
+6.76%
YTD
+11.05%
ITD
+11.05%
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July 2026Report available
30 Direct Plan Growth strategies, tracked and reconciled.
Rankings, category breadth, a ten-month return heatmap, portfolio matrix, launch watchlist, and transparent AMFI methodology.
30 tracked27 ranked26 positive
Match strategy to objective
Why might you consider a SIF?
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
Not sure which strategy fits?
Discuss your goals, existing portfolio, risk comfort and investment horizon before choosing a SIF category or fund.
SIF and mutual-fund categories
What is the closest mutual-fund reference point?
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. |
SIF returns archive
Complete SIF returns scorecard and monthly archives
Review every month's fund-by-fund returns, NAV journey charts, heatmaps, and performance rankings.
30
Live funds
5
Categories
+15.38%
Best calendar-month return
qSIF Ex-Top 100 · Apr 2026
Funds
Explore SIF Funds
Browse SEBI-regulated Specialized Investment Funds, inspect fund details, and open a complete fund page when you need deeper research.
33
SEBI Registered SIFs
30 live
17
Tracked AMCs
Across India
Rs 10L
Minimum Ticket
PAN-level SIF minimum
2
NFOs Open
Fresh opportunities
Compare like with like
Start with a strategy. Then compare its return profile.
Funds are grouped by mandate so short-term returns are easier to interpret fairly.
Showing 33 of 33 funds
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Results rank highest first for the selected period. YTD uses the previous year-end NAV, or launch NAV for funds launched this year.
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| Compare | Fund / AMC | Strategy | NAV (Direct) | Risk profile | ||||
|---|---|---|---|---|---|---|---|---|
| Hybrid Long Short11 funds | ||||||||
| Compare | Fund / AMC | Strategy | NAV (Direct) | Risk profile | ||||
 Quant Mutual Fund | Quant-driven multi-factor hybrid with short overlay | Rs 11.1261 28 Aug 2026 | +1.86% | +6.76% | +11.05% | +11.05% | Moderate | |
 Edelweiss Mutual Fund | Arbitrage + directional equity + fixed income | Rs 11.1418 28 Aug 2026 | +1.58% | +4.47% | +8.25% | +11.30% | Moderate | |
 Aditya Birla Sun Life Mutual Fund | ESF+ multi-strategy: arbitrage, directional, special situations | Rs 10.7915 28 Aug 2026 | +3.51% | +6.74% | +7.70% | +7.70% | Moderate | |
 ICICI Prudential | Balanced allocation with dynamic hedging framework | Rs 10.7359 28 Aug 2026 | +3.30% | +8.22% | +7.17% | +7.17% | Aggressive | |
 SBI Mutual Fund | Multi-asset hybrid with tactical equity hedging | Rs 10.6354 28 Aug 2026 | +1.29% | +3.35% | +4.04% | +5.98% | Moderate | |
 Bandhan Mutual Fund | Balanced hybrid with pair-trade hedging | Rs 10.385 28 Aug 2026 | +0.29% | +2.33% | +3.50% | +3.50% | Conservative | |
 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 | Rs 10.336 28 Aug 2026 | +1.88% | — | +2.73% | +2.73% | Conservative | |
 Tata Mutual Fund | Conservative hybrid with systematic derivatives hedging | Rs 10.3394 28 Aug 2026 | +1.14% | +3.56% | +2.71% | +3.36% | Aggressive | |
 Mirae Asset Mutual Fund | Income-oriented: arbitrage, covered calls + debt with limited unhedged equity & short via derivatives | Rs 10.227 28 Aug 2026 | +0.52% | — | +2.26% | +2.26% | Conservative | |
HS HSBC Mutual Fund | Interval hybrid with 25-75% equity, 25-75% debt and <=25% unhedged short via derivatives | Rs 10.1889 28 Aug 2026 | +0.84% | — | +1.67% | +1.67% | Conservative | |
JB Jio BlackRock Mutual Fund | Interval hybrid: 35-75% equity, 25-65% debt, <=25% unhedged short via equity/debt derivatives, BlackRock signal research + Aladdin | Rs 10.1771 28 Aug 2026 | +1.63% | — | +1.62% | +1.62% | Conservative | |
| Equity Long Short11 funds | ||||||||
| Compare | Fund / AMC | Strategy | NAV (Direct) | Risk profile | ||||
Quant Mutual Fund | Quant long-short with momentum + mean-reversion | Rs 11.2725 28 Aug 2026 | +2.37% | +8.81% | +12.05% | +12.66% | Aggressive | |
ICICI Prudential Mutual Fund | Listed Nifty 500 equity with limited short exposure via derivatives | Rs 10.91 28 Aug 2026 | +5.51% | — | +9.10% | +9.10% | Aggressive | |
 360 ONE Asset | Dynamic equity allocation with tactical short positions | Rs 10.7802 28 Aug 2026 | -0.05% | +4.35% | +7.72% | +7.72% | Aggressive | |
Bandhan Mutual Fund | Long-biased (80–100% equity) with ≤25% unhedged short | Rs 10.58 28 Aug 2026 | +0.27% | +4.99% | +7.67% | +7.67% | Moderate | |
 The Wealth Company MF | Long-biased equity strategy across market caps with derivatives overlay | Rs 10.6732 28 Aug 2026 | -0.25% | +7.67% | +6.72% | +6.72% | Aggressive | |
IN Invesco Mutual Fund | Bottom-up equity long-short: 80-100% listed equity with <=25% tactical unhedged short via derivatives | Rs 10.65 28 Aug 2026 | +5.65% | — | +6.71% | +6.71% | Aggressive | |
Tata Mutual Fund | Long-biased equity (80–100%) with ≤25% unhedged short via derivatives | Rs 10.6762 28 Aug 2026 | +2.61% | +6.55% | +6.35% | +6.35% | Aggressive | |
 Franklin Templeton | Multi-factor quant + macro-driven allocation | Rs 1,020.5539 28 Aug 2026 | +1.12% | +2.91% | +2.06% | +2.06% | Aggressive | |
 Union Mutual Fund | Active multi-cap long/short on F&O universe with ≤25% unhedged short | Rs 10.0778 28 Aug 2026 | -0.14% | +0.87% | +0.87% | +0.87% | Aggressive | |
 ITI Mutual Fund | Fundamental equity selection with systematic hedging | Rs 945.3208 28 Aug 2026 | +0.69% | +3.01% | -5.80% | -5.56% | Aggressive | |
Aditya Birla Sun Life Mutual Fund | Open-ended listed-equity strategy with limited derivative short exposure | -- | — | — | — | — | NFO | |
| Ex-Top 100 Long Short7 funds | ||||||||
| Compare | Fund / AMC | Strategy | NAV (Direct) | Risk profile | ||||
Quant Mutual Fund | Quant ex-top-100 long-short with derivative hedging | Rs 11.5997 28 Aug 2026 | +5.66% | +15.11% | +17.60% | +15.87% | Aggressive | |
Edelweiss Mutual Fund | Mid + small cap long-short with up to 25% unhedged short via derivatives | Rs 11.2502 28 Aug 2026 | +3.47% | — | +12.85% | +12.85% | Aggressive | |
360 ONE Asset | Mid/small-cap alpha (65-100% ex-top 100) with <=25% unhedged short via derivatives | Rs 11.207 28 Aug 2026 | +9.63% | — | +12.29% | +12.29% | Aggressive | |
The Wealth Company MF | Mid/small-cap alpha (65–100% ex-top 100) with ≤25% unhedged short via derivatives | Rs 10.872 28 Aug 2026 | +1.10% | +9.30% | +8.76% | +8.76% | Aggressive | |
ICICI Prudential | Mid/small-cap alpha with systematic short overlay | Rs 10.49 28 Aug 2026 | +0.87% | +5.43% | +5.01% | +5.01% | Aggressive | |
Aditya Birla Sun Life Mutual Fund | Open-ended Ex-Top 100 equity strategy with limited derivative short exposure | -- | — | — | — | — | NFO | |
SBI Mutual Fund | Open-ended equity strategy investing primarily outside the top 100 by market capitalisation, with limited derivative short exposure | -- | — | — | — | — | Aggressive | |
| Active Asset Allocator3 funds | ||||||||
| Compare | Fund / AMC | Strategy | NAV (Direct) | Risk profile | ||||
Quant Mutual Fund | Quant-driven tactical allocation with long-short overlay | Rs 11.5492 28 Aug 2026 | +4.79% | +12.30% | +15.37% | +15.37% | Moderate | |
360 ONE Asset | Dynamic asset allocation across equity, debt, commodities | Rs 10.5848 28 Aug 2026 | +1.35% | +3.95% | +5.63% | +5.63% | Conservative | |
ICICI Prudential Mutual Fund | Dynamic multi-asset across equity, debt, gold, silver, InvITs | Rs 10.4748 28 Aug 2026 | +2.15% | — | +4.78% | +4.78% | Moderate | |
| Sector Rotation1 funds | ||||||||
| Compare | Fund / AMC | Strategy | NAV (Direct) | Risk profile | ||||
Quant Mutual Fund | Concentrated in 4 of 12 sectors with derivatives short overlay | Rs 10.2741 28 Aug 2026 | +1.24% | +1.98% | +2.64% | +2.64% | Aggressive | |
Hybrid Long Short11 funds
Arbitrage + directional equity + fixed income
NAV (Direct)
Rs 11.1418
1M
+1.58%
3M
+4.47%
YTD
+8.25%
ITD
+11.30%
ESF+ multi-strategy: arbitrage, directional, special situations
NAV (Direct)
Rs 10.7915
1M
+3.51%
3M
+6.74%
YTD
+7.70%
ITD
+7.70%
iSIF Hybrid Long-ShortICICI Prudential
Aggressive
Balanced allocation with dynamic hedging framework
NAV (Direct)
Rs 10.7359
1M
+3.30%
3M
+8.22%
YTD
+7.17%
ITD
+7.17%
Multi-asset hybrid with tactical equity hedging
NAV (Direct)
Rs 10.6354
1M
+1.29%
3M
+3.35%
YTD
+4.04%
ITD
+5.98%
Arudha Hybrid Long-ShortBandhan Mutual Fund
Conservative
Balanced hybrid with pair-trade hedging
NAV (Direct)
Rs 10.385
1M
+0.29%
3M
+2.33%
YTD
+3.50%
ITD
+3.50%
Interval hybrid: 35-75% equity vs 25-65% debt and money market with <=25% unhedged short via derivatives; NSE + BSE listing proposed
NAV (Direct)
Rs 10.336
1M
+1.88%
3M
—
YTD
+2.73%
ITD
+2.73%
Conservative hybrid with systematic derivatives hedging
NAV (Direct)
Rs 10.3394
1M
+1.14%
3M
+3.56%
YTD
+2.71%
ITD
+3.36%
Income-oriented: arbitrage, covered calls + debt with limited unhedged equity & short via derivatives
NAV (Direct)
Rs 10.227
1M
+0.52%
3M
—
YTD
+2.26%
ITD
+2.26%
HS
RedHex Hybrid Long-ShortHSBC Mutual Fund
Conservative
Interval hybrid with 25-75% equity, 25-75% debt and <=25% unhedged short via derivatives
NAV (Direct)
Rs 10.1889
1M
+0.84%
3M
—
YTD
+1.67%
ITD
+1.67%
JB
Prism Hybrid Long-ShortJio BlackRock Mutual Fund
Conservative
Interval hybrid: 35-75% equity, 25-65% debt, <=25% unhedged short via equity/debt derivatives, BlackRock signal research + Aladdin
NAV (Direct)
Rs 10.1771
1M
+1.63%
3M
—
YTD
+1.62%
ITD
+1.62%
Equity Long Short11 funds
qSIF Equity Long-ShortQuant Mutual Fund
Aggressive
Quant long-short with momentum + mean-reversion
NAV (Direct)
Rs 11.2725
1M
+2.37%
3M
+8.81%
YTD
+12.05%
ITD
+12.66%
Listed Nifty 500 equity with limited short exposure via derivatives
NAV (Direct)
Rs 10.91
1M
+5.51%
3M
—
YTD
+9.10%
ITD
+9.10%
Dyna Equity Long-Short360 ONE Asset
Aggressive
Dynamic equity allocation with tactical short positions
NAV (Direct)
Rs 10.7802
1M
-0.05%
3M
+4.35%
YTD
+7.72%
ITD
+7.72%
Long-biased (80–100% equity) with ≤25% unhedged short
NAV (Direct)
Rs 10.58
1M
+0.27%
3M
+4.99%
YTD
+7.67%
ITD
+7.67%
Long-biased equity strategy across market caps with derivatives overlay
NAV (Direct)
Rs 10.6732
1M
-0.25%
3M
+7.67%
YTD
+6.72%
ITD
+6.72%
IN
Bottom-up equity long-short: 80-100% listed equity with <=25% tactical unhedged short via derivatives
NAV (Direct)
Rs 10.65
1M
+5.65%
3M
—
YTD
+6.71%
ITD
+6.71%
Long-biased equity (80–100%) with ≤25% unhedged short via derivatives
NAV (Direct)
Rs 10.6762
1M
+2.61%
3M
+6.55%
YTD
+6.35%
ITD
+6.35%
Multi-factor quant + macro-driven allocation
NAV (Direct)
Rs 1,020.5539
1M
+1.12%
3M
+2.91%
YTD
+2.06%
ITD
+2.06%
Active multi-cap long/short on F&O universe with ≤25% unhedged short
NAV (Direct)
Rs 10.0778
1M
-0.14%
3M
+0.87%
YTD
+0.87%
ITD
+0.87%
Fundamental equity selection with systematic hedging
NAV (Direct)
Rs 945.3208
1M
+0.69%
3M
+3.01%
YTD
-5.80%
ITD
-5.56%
Open-ended listed-equity strategy with limited derivative short exposure
NAV (Direct)
--
1M
—
3M
—
YTD
—
ITD
—
Ex-Top 100 Long Short7 funds
Quant ex-top-100 long-short with derivative hedging
NAV (Direct)
Rs 11.5997
1M
+5.66%
3M
+15.11%
YTD
+17.60%
ITD
+15.87%
Mid + small cap long-short with up to 25% unhedged short via derivatives
NAV (Direct)
Rs 11.2502
1M
+3.47%
3M
—
YTD
+12.85%
ITD
+12.85%
Mid/small-cap alpha (65-100% ex-top 100) with <=25% unhedged short via derivatives
NAV (Direct)
Rs 11.207
1M
+9.63%
3M
—
YTD
+12.29%
ITD
+12.29%
Mid/small-cap alpha (65–100% ex-top 100) with ≤25% unhedged short via derivatives
NAV (Direct)
Rs 10.872
1M
+1.10%
3M
+9.30%
YTD
+8.76%
ITD
+8.76%
Mid/small-cap alpha with systematic short overlay
NAV (Direct)
Rs 10.49
1M
+0.87%
3M
+5.43%
YTD
+5.01%
ITD
+5.01%
Open-ended Ex-Top 100 equity strategy with limited derivative short exposure
NAV (Direct)
--
1M
—
3M
—
YTD
—
ITD
—
Open-ended equity strategy investing primarily outside the top 100 by market capitalisation, with limited derivative short exposure
NAV (Direct)
--
1M
—
3M
—
YTD
—
ITD
—
Active Asset Allocator3 funds
Quant-driven tactical allocation with long-short overlay
NAV (Direct)
Rs 11.5492
1M
+4.79%
3M
+12.30%
YTD
+15.37%
ITD
+15.37%
Dyna Active Asset Allocator360 ONE Asset
Conservative
Dynamic asset allocation across equity, debt, commodities
NAV (Direct)
Rs 10.5848
1M
+1.35%
3M
+3.95%
YTD
+5.63%
ITD
+5.63%
Dynamic multi-asset across equity, debt, gold, silver, InvITs
NAV (Direct)
Rs 10.4748
1M
+2.15%
3M
—
YTD
+4.78%
ITD
+4.78%
Sector Rotation1 funds
Concentrated in 4 of 12 sectors with derivatives short overlay
NAV (Direct)
Rs 10.2741
1M
+1.24%
3M
+1.98%
YTD
+2.64%
ITD
+2.64%
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Built by people who've been on both sides of the table
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.
Columbia University
Wall Street
President Obama's team, Ethiopia
$300M+ deployed in VC / PE
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Source: 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.