3 Funds Analyzed • NAV Data through 31-May-2026 • Plus Altiva NFO closing 01-Jun
Highlight:qSIF Ex-Top 100's +15.38% in April 2026 is the largest single-month return ever recorded in the entire SIF universe.
+1.45%
Best 1M (May)
qSIF
+8.17%
Best 3M (Mar–May)
qSIF
+1.39%
Category Avg (May)
2 of 2 positive
+0.66%
Best Since Inception
qSIF
1M: May 2026 • 3M: Mar–May 2026 • Since Inception: NFO launch to end-May 2026
| Fund | End NAV (31-May) | 1M (May) | Since Inception |
|---|---|---|---|
qSIF Ex-Top 100 Quant • April +15.38% — biggest single-month return in SIF universe | ₹10.0769 | +1.45% | +0.66% |
iSIF Ex-Top 100 ICICI Prudential | ₹9.9500 | +1.32% | -0.40% |
WSIF Ex-Top 100 Wealth Co. • Just launched (11-May) | ₹9.9472 | N/A | -0.49% |
qSIF Ex-Top 100: The Comeback King
Mar -7.60% → Apr +15.38% → May +1.45%. April's +15.38% was the largest single-month return ever recorded in the entire SIF universe. Now +8.17% over the trailing 3 months — best 3M in any category.
Both established funds positive in May
Category average +1.39% — 2 of 2 funds with full data positive. Strong recovery momentum continues. iSIF (+1.32%) closing the gap with qSIF (+1.45%).
Recovery near-complete from March crash
qSIF is back above ₹10 (₹10.0769) and net positive since inception (+0.66%). iSIF is at ₹9.95 — just -0.40% from inception. Both round-trips nearly complete from the deep -7 to -9% March drawdowns.
WSIF joins as 3rd live fund
The Wealth Company launched WSIF Ex-Top 100 on 11-May-2026. Down -0.49% in first ~3 weeks. Category went from 2 live funds at start of May to 3 by month-end (plus Altiva in NFO).
Altiva Ex-Top 100 launching June
Edelweiss's Altiva Ex-Top 100 NFO closed 01-Jun-2026 (18-May to 01-Jun window). First NAV expected ~10-Jun. Will become 4th live fund in category and add a meaningful new entrant from a SIF specialist.
1-month (May) returns — 2 funds with full month data
Cumulative returns from NFO to 31-May-2026 — all 3 funds
Quant • 13-Nov-25
Incep. NAV
₹10.0111
End NAV
₹10.0769
1M (May)
+1.45%3M (Mar–May)
+8.17%Overall
+0.66%April +15.38% — biggest single-month return in SIF universe
ICICI Prudential • 05-Feb-26
Incep. NAV
₹9.9900
End NAV
₹9.9500
1M (May)
+1.32%3M (Mar–May)
+0.81%Overall
-0.40%Wealth Co. • 11-May-26
Incep. NAV
₹9.9962
End NAV
₹9.9472
1M (May)
N/A3M (Mar–May)
N/AOverall
-0.49%Just launched (11-May)
Equity Ex-Top 100 SIFs averaged +1.39% in May — the strongest of any SIF category (vs Hybrid LS +0.30%, Equity LS -0.45%). Mid + small cap exposure benefited from the broader market consolidation as money rotated into smaller names after April's rebound.
Quant's qSIF Ex-Top 100 captured the steepest rebound in Indian SIF history. From -14.02% drawdown at March-end (the deepest in the universe) to +0.66% net positive by end-May — a ~14.7% percentage-point swing across 2 months. April's +15.38% remains the largest single-month return ever recorded.
From 2 live funds at start of May (iSIF + qSIF), WSIF Ex-Top 100 (Wealth Co.) joined on 11-May. Altiva Ex-Top 100 (Edelweiss) NFO closes 01-Jun and will launch as the 4th fund in early June. The Ex-Top 100 category is now the second-largest SIF segment by fund count after Equity LS.
Source:AMC Direct Plan — Growth Option NAVs sourced from each AMC's daily NAV history (ICICI Prudential, Quant, The Wealth Company). NAV cutoff: 31-May-2026.
Disclaimer: Returns are computed on Direct Plan Growth Option NAVs. WSIF Ex-Top 100 (launched 11-May-2026) has under 30 days of data — 1M and 3M shown as N/A. Altiva Ex-Top 100 (Edelweiss) NFO closed 01-Jun-2026; first NAV expected ~10-Jun, not yet reflected. Past performance is not indicative of future returns. Please consult a SEBI-registered Investment Advisor before investing.
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