8 Funds Analyzed • NAV Data through 31-May-2026 • 3 New Launches
Note: Diviniti and Sapphire operate on ₹1000 face value — NAV levels not directly comparable to ₹10 funds but percentage returns are. Titanium, WSIF, and Arthaya all launched mid-May with limited data.
+2.07%
Best 1M (May)
qSIF
-3.92%
Worst 1M (May)
Diviniti
-0.45%
Category Avg (May)
2 of 5 positive
+3.54%
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 Equity L-S Quant | ₹10.3596 | +2.07% | +3.54% |
Dyna Equity L-S 360 ONE • 3M = Since Inception | ₹10.3307 | +1.29% | +3.23% |
Arudha Equity L-S Bandhan • 3M N/A — under 3 months | ₹10.0770 | -0.85% | +2.55% |
Sapphire Equity L-S Franklin Templeton • ₹1000 face value · 3M N/A | ₹991.7027 | -0.83% | -0.83% |
Diviniti Equity L-S ITI • ₹1000 face value | ₹917.7263 | -3.92% | -8.31% |
Titanium Equity L-S Tata • Just launched (20-May) | ₹10.0201 | N/A | -0.19% |
WSIF Equity L-S Wealth Co. • Just launched (11-May) | ₹9.9127 | N/A | -0.88% |
Arthaya Equity L-S Union • First NAV 29-May (1 data point) | ₹9.9913 | N/A | -0.09% |
Best 1M: qSIF +2.07%
Quant's qSIF led the Equity LS category in May — best monthly return, best 3M (+5.65%), and best since inception (+3.54%). The first SIF to launch (Oct 2025) is also the best-performing.
Worst 1M: Diviniti -3.92%
ITI's Diviniti (₹1000 face value) had the worst May — and worst since-inception (-8.31%) of any Equity LS fund. Despite winning the March crash defense (+9% alpha vs Nifty -11.36%), Apr/May couldn't lift it.
Only 2 of 5 funds positive in May
Category average -0.45% — meaningfully worse than Hybrid LS (+0.30%). Pure equity exposure and higher net-long ranges hurt as markets digested April gains.
Dyna's clean recovery arc
360 ONE's Dyna posted -4.39% Mar → +6.59% Apr → +1.29% May — fully recovered the March drawdown. Now +3.23% since inception (Feb 2026), 2nd best in the category.
3 new funds launched in May
Titanium Equity (Tata, 20-May), WSIF (Wealth Co., 11-May), and Arthaya (Union, 18-May — first NAV 29-May) all entered the category mid-month. Category fund count: 5 → 8 in 30 days.
Sapphire ₹1000-face debut
Franklin Templeton's Sapphire launched 29-Apr at ₹1000. Wild first month: peaked +1.5% (07-May), dipped -7.7% (12-May), finished -0.83%. Highest intra-month vol in the category.
1-month (May) returns — 5 funds with full month data
Cumulative returns from NFO to 31-May-2026 — all 8 funds
Quant • 08-Oct-25
Incep. NAV
₹10.0054
End NAV
₹10.3596
1M (May)
+2.07%3M (Mar–May)
+5.65%Overall
+3.54%360 ONE • 27-Feb-26
Incep. NAV
₹10.0072
End NAV
₹10.3307
1M (May)
+1.29%3M (Mar–May)
+3.23%Overall
+3.23%3M = Since Inception
Bandhan • 30-Mar-26
Incep. NAV
₹9.8260
End NAV
₹10.0770
1M (May)
-0.85%3M (Mar–May)
N/AOverall
+2.55%3M N/A — under 3 months
Franklin Templeton • 29-Apr-26
Incep. NAV
₹1000.000
End NAV
₹991.7027
1M (May)
-0.83%3M (Mar–May)
N/AOverall
-0.83%₹1000 face value · 3M N/A
ITI • 03-Dec-25
Incep. NAV
₹1000.953
End NAV
₹917.7263
1M (May)
-3.92%3M (Mar–May)
-6.13%Overall
-8.31%₹1000 face value
Tata • 20-May-26
Incep. NAV
₹10.0389
End NAV
₹10.0201
1M (May)
N/A3M (Mar–May)
N/AOverall
-0.19%Just launched (20-May)
Wealth Co. • 11-May-26
Incep. NAV
₹10.0010
End NAV
₹9.9127
1M (May)
N/A3M (Mar–May)
N/AOverall
-0.88%Just launched (11-May)
Union • 18-May-26
Incep. NAV
₹10.0000
End NAV
₹9.9913
1M (May)
N/A3M (Mar–May)
N/AOverall
-0.09%First NAV 29-May (1 data point)
Equity Long-Short SIFs averaged -0.45% in May — meaningfully worse than Hybrid LS (+0.30%). Pure equity exposure and higher net-long ranges hurt as markets digested April's sharp rebound. Only 2 of 5 funds with full data finished positive.
Three new funds entered the Equity LS category in May: Tata Titanium Equity (20-May), Wealth Co. WSIF (11-May), and Union Arthaya (allotted 18-May, first NAV 29-May). Plus Franklin Templeton Sapphire which launched 29-Apr. The category went from 4 active funds at start of April to 8 by end of May.
The first SIF ever launched in India (Oct 2025) remains the best Equity LS performer across every window — +2.07% (May), +5.65% (3M), +3.54% (since inception). The quant-driven approach handled the Mar crash with just -8.95% (vs Nifty -11.36%) and captured the April rebound at +13.68% — the strongest single monthly return in the entire SIF universe so far.
Source:AMC Direct Plan — Growth Option NAVs sourced from each AMC's daily NAV history (Quant, 360 ONE, Bandhan, Franklin Templeton, ITI, Tata, The Wealth Company, Union MF). NAV cutoff: 31-May-2026.
Disclaimer: Returns are computed on Direct Plan Growth Option NAVs. Diviniti and Sapphire operate on ₹1000 face value — NAV levels not comparable to ₹10 funds but percentage returns are. Titanium Equity (20-May), WSIF (11-May), and Arthaya (18-May, first NAV 29-May) launched mid-May with limited data — 1M and 3M shown as N/A. Sapphire (29-Apr launch) has full May 1M but no 3M. Past performance is not indicative of future returns. Please consult a SEBI-registered Investment Advisor before investing.
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