Diviniti SIF by ITI
Diviniti Equity Long Short Fund
A high-conviction equity long-short fund with 80-100% equity exposure, up to 25% short derivatives, and daily liquidity for aggressive growth investors.
by ITI Asset Management Limited
₹10L
Min Investment
Level 5
Risk Band
Daily
Redemption
2.25%
Max TER
NFO Information
NFO Open Date
November 10, 2025
NFO Close Date
November 24, 2025
NFO Price
₹1,000 per unit
Reopening
Within 5 business days
Pure Equity Long-Short Strategy
Long Equity
Core equity positions across market caps with bottom-up stock selection for capital appreciation.
Short Derivatives
Naked short exposure through derivatives for alpha generation and tactical positioning.
Debt & Liquidity
Minimal debt allocation for liquidity management and tactical cash positioning.
Asset Allocation Matrix
| Asset Class | Min % | Max % |
|---|---|---|
| Equity & Equity Related | 80% | 100% |
| — Unhedged Short Exposure | 0% | 25% |
| Debt & Money Market | 0% | 20% |
| REITs & InvITs | 0% | 20% |
| Overseas Securities | 0% | 35% |
Note: Derivatives exposure up to 100% of net assets. NFO limit: US $50M (securities) + US $20M (ETFs) for overseas.
Investment Limits & Exposures
| Instrument/Activity | Limit |
|---|---|
| Total Derivatives Exposure | Up to 100% of net assets |
| Naked Derivatives (Shorts) | Up to 25% of net assets |
| Securities Lending | Up to 25% (max 5% to single intermediary) |
| Securitized Debt | Up to 20% of debt portfolio |
| AT1/AT2 Bonds | Up to 10% of net assets |
| Credit Default Swaps | Up to 10% of AUM |
| Short-term Bank Deposits | Up to 15% (20% with Trustee approval) |
| MF Units Investment | Up to 5% of net assets |
Investment Approach
Stock Selection
- Bottom-up stock selection
- No market cap or sector bias
- Robust business models focus
- Sustainable competitive advantages
Portfolio Construction
- Active management with dynamic allocation
- IPOs and primary market participation
- Fundamental appreciation potential
- Credit quality guided debt investments
Performance Scenarios
Bull Market
Nifty +15%
Potential: ~20-22% before TER
Bear Market
Nifty -20%
Potential: -22% to -25% (high risk)
Normal Market
Nifty +10%
Potential: ~10-11% before TER
Who Should Invest?
Suitable For
- HNIs with ₹1Cr+ portfolios (5-10% allocation)
- Aggressive equity investors with high risk tolerance
- Sophisticated investors understanding derivatives
- Those seeking Nifty 50+ returns potential
- 5-7 year+ investment horizon
NOT Suitable For
- Retail investors with <₹25L portfolio
- Risk-averse or conservative investors
- First-time mutual fund investors
- Those needing capital preservation
- Short-term investors (<3 years)
Investment Requirements
During NFO
- Minimum Investment₹10,00,000
- Accredited Investors₹1,00,000
- NFO Price₹1,000/unit
Post-NFO (Continuous)
- Additional Purchase₹25,000
- SIP Minimum₹5,000/installment
- Redemption Minimum₹25,000
₹10 Lakh Threshold (PAN Level)
Aggregate across ALL Diviniti SIF strategies (does NOT include regular ITI MF schemes). Active breach = units frozen for 30 days, then auto-redeemed if not rebalanced.
Redemption & Liquidity
Subscription
Daily
Business days
Redemption
Daily
Best-in-class liquidity
Notice Period
None
No waiting
Payout
T+3 Days
Working days
Superior Liquidity vs Interval Funds
Total exit time: 3 days (vs 18 days for interval SIFs like Arudha). Daily redemption with no notice period provides maximum flexibility.
Fee & Load Structure
NIL
Entry Load
0.50%
Exit Load (<6 months)
10% units exempt
2.25%
Max TER
Exit Load Details: 10% of units can be redeemed without exit load in first 6 months. 0.50% on remaining units if redeemed within 6 months. NIL after 6 months. FIFO basis.
Brokerage: Cash market up to 12 bps | Derivatives up to 5 bps (plus GST)
Fund Management Team
Vasav Sahgal
Primary Fund Manager
Rajesh Bhatia
Overseas Investment
Benchmark Index
Nifty 50 (TRI) Index
Total Return Index of India's top 50 large-cap companies, reflecting capital appreciation plus dividend reinvestment.
Both fund and benchmark at highest risk level - suitable for aggressive investors only.
Key Risk Factors
Diviniti vs Hybrid Funds Comparison
| Feature | Diviniti Equity L-S | Hybrid L-S Funds |
|---|---|---|
| Equity Allocation | 80-100% | 35-75% |
| Debt Allocation | 0-20% | 25-65% |
| Risk Level | Level 5 (Highest) | Level 2-3 |
| Redemption | Daily | 2x weekly to Monthly |
| Downside Cushion | Minimal | Significant (debt) |