7 Funds Analyzed • NAV Data through 31-May-2026
+1.14%
Best 1M (May)
Altiva
-1.02%
Worst 1M (May)
qSIF
+0.30%
Category Avg (May)
6 of 7 positive
+6.54%
Best Since Inception
Altiva
1M: May 2026 • 3M: Mar–May 2026 • Since Inception: NFO launch to end-May 2026
| Fund | End NAV (31-May) | 1M (May) | Since Inception |
|---|---|---|---|
Altiva Hybrid L-S Edelweiss | ₹10.6652 | +1.14% | +6.54% |
qSIF Hybrid L-S Quant | ₹10.4218 | -1.02% | +4.02% |
Magnum Hybrid L-S SBI | ₹10.2913 | +0.68% | +2.55% |
Arudha Hybrid L-S Bandhan | ₹10.1510 | +0.22% | +1.17% |
Apex Hybrid L-S Aditya Birla • 3M N/A — under 3 months old | ₹10.1100 | +0.50% | +0.90% |
Titanium Hybrid L-S Tata | ₹9.9842 | +0.55% | -0.19% |
iSIF Hybrid L-S ICICI Prudential | ₹9.9206 | +0.02% | -0.97% |
Best 1M: Altiva +1.14%
Edelweiss's Altiva extends its lead — best Hybrid LS track record at +6.54% since inception. 8 of 8 months tracked, only one negative (Mar -1.53%).
6 of 7 funds positive in May
Category average +0.30% in May. Only qSIF (-1.02%) finished red — giving back roughly a sixth of its monster April recovery (+6.94%).
Titanium round-trip nearly complete
After March's -6.87% drawdown (worst in category), Tata's Titanium has recovered through April +5.51% and May +0.55% — back to -0.19% since inception, almost flat.
iSIF still under water
ICICI Prudential's iSIF Hybrid (Feb-26 launch) remains -0.97% since inception. March's -7.31% crash was the deepest in the category; April +7.45% wasn't enough to fully restore.
qSIF: profit-taking after April spike
Quant's qSIF gained +6.94% in April (best in category), then gave back -1.02% in May. Still +4.88% over the trailing 3 months — second-best 3M in category.
Apex steady build
ABSL's Apex (Mar-30 launch) has delivered +0.40% and +0.50% in April/May — quiet, consistent positives. Too new for 3M but +0.90% since inception.
1-month (May) returns ranked best to worst
Cumulative returns from NFO to 31-May-2026
Edelweiss • 24-Oct-25
Incep. NAV
₹10.0102
End NAV
₹10.6652
1M (May)
+1.14%3M (Mar–May)
+2.75%Overall
+6.54%Quant • 20-Oct-25
Incep. NAV
₹10.0189
End NAV
₹10.4218
1M (May)
-1.02%3M (Mar–May)
+4.88%Overall
+4.02%SBI • 29-Oct-25
Incep. NAV
₹10.0357
End NAV
₹10.2913
1M (May)
+0.68%3M (Mar–May)
+0.74%Overall
+2.55%Bandhan • 04-Feb-26
Incep. NAV
₹10.0340
End NAV
₹10.1510
1M (May)
+0.22%3M (Mar–May)
+0.71%Overall
+1.17%Aditya Birla • 30-Mar-26
Incep. NAV
₹10.0200
End NAV
₹10.1100
1M (May)
+0.50%3M (Mar–May)
N/AOverall
+0.90%3M N/A — under 3 months old
Tata • 17-Dec-25
Incep. NAV
₹10.0029
End NAV
₹9.9842
1M (May)
+0.55%3M (Mar–May)
-1.20%Overall
-0.19%ICICI Prudential • 05-Feb-26
Incep. NAV
₹10.0179
End NAV
₹9.9206
1M (May)
+0.02%3M (Mar–May)
-0.38%Overall
-0.97%Hybrid Long-Short SIFs delivered the steadiest May returns across all SIF categories — 6 of 7 funds positive, category average +0.30%. The arbitrage + debt sleeve typical of this category provided a defensive base while the directional sleeve captured the May upmove.
The Mar–May 3M window captures the full March crash → April rebound → May consolidation cycle. qSIF leads at +4.88% (3M) thanks to its monster +6.94% April. Altiva (+2.75%) shows the most consistent monthly grind. iSIF and Titanium remain net-negative over the window — March's drawdowns were too deep to fully recover.
Edelweiss's Altiva is the only Hybrid LS SIF with 8 months of data and just one negative month (Mar -1.53%). At +6.54% since inception, it's the clear leader for risk-adjusted track record across the entire Hybrid Long-Short category.
Source: AMC Direct Plan — Growth Option NAVs sourced from each AMC's published daily NAV history (Mirae, ICICI, SBI, Tata, Bandhan, Quant, ABSL, Edelweiss). NAV cutoff: 31-May-2026 (last available business day in May 2026).
Disclaimer: Returns are computed on Direct Plan Growth Option NAVs. Apex Hybrid (launched 30-Mar-2026) has under 3 months of data — 3M return shown as N/A. All other 6 funds have full 3M data. Since-inception periods vary from ~2 to ~7 months across funds. Past performance is not indicative of future returns. Please consult a SEBI-registered Investment Advisor before investing.
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