Sector Rotation Long-Short SIFs in July 2026
India's category currently has one fund—and its first full portfolio shows a concentrated share book with most of the market exposure protected.
1 fund
Category universe
1 file
Full July disclosures
Main finding
80.83% in shares was paired with 62.89% in short futures.
The full category at a glance
| Fund | Portfolio date | Disclosure | Plain-English construction |
|---|---|---|---|
| qSIF Sector Rotation | 31 Jul | Full | Nine large share positions across a small number of sectors, with substantial futures protection |
How the portfolios differ
| Portfolio building block | % of fund | Plain-English meaning |
|---|---|---|
| Nine listed shares | 80.83% | A concentrated long portfolio |
| Short futures | -62.89% | Most—not all—of the broad share exposure was offset |
| Other securities | 8.19% | Additional non-equity holdings |
| TREPS | 7.36% | Cash-like liquidity |
| Net balancing items | 13.02% | Receivables, payables and margin-related items |
Portfolio construction · 31 Jul
1. qSIF Sector Rotation
| Component | % of fund |
|---|---|
| Shares | 80.83% |
| Short futures | -62.89% |
| Other securities | 8.19% |
| TREPS | 7.36% |
| Largest holdings | % of fund |
|---|---|
| GMR Airports | 9.54% |
| Adani Ports | 9.46% |
| Indus Towers | 9.29% |
| Bharti Airtel | 9.18% |
| Vodafone Idea | 9.18% |
| United Spirits | 9.11% |
| Nestlé India | 8.80% |
| JSW Infrastructure | 8.46% |
| InterGlobe Aviation | 7.82% |
In plain English: The shares were concentrated in transport, telecom and consumer names. Short futures removed much of the broad market movement, but sector calls and stock selection still mattered greatly.
What investors should take away
Sector rotation is not the same as broad diversification. Here, the manager made a small number of large sector and stock choices, then used futures to reduce overall market direction. Investors therefore face less simple index exposure but more risk from getting the chosen sectors or individual companies wrong.