Diviniti Equity Long-Short: September review: more liquidity, a concentrated equity core
Cash equity fell to 72.91% of NAV from 82.08% in August. Money market and cash together rose to 27.09%, while the top ten equities still account for 45.29% of NAV.
AI Brief
What changed
Cash equity fell to 72.91% of NAV from 82.08% in August. Money market and cash together rose to 27.09%, while the top ten equities still account for 45.29% of NAV.
Why it matters
The disclosed funded portfolio carries a larger liquidity buffer than in August, but the equity core remains concentrated: the top ten companies are 45.29% of NAV. Review this concentration alongside the futures and options book; the data do not establish the manager's reason for the shift.
What to watch
Watch the largest company weights and whether the higher cash and money-market share persists in the next disclosure. Do not read option premiums as total market exposure.
What remains uncertain
The full snapshots have different derivative capture scopes. The August-to-September narrative compares cash-equity holdings and funded allocation only; it does not claim a like-for-like change in the entire derivatives book.
Generated by Codex source-reviewed editorial research from this article and its evidence · 9 Oct 2026
SIFprime View
Listed equity leads at 72.91%
The disclosed funded portfolio carries a larger liquidity buffer than in August, but the equity core remains concentrated: the top ten companies are 45.29% of NAV. Review this concentration alongside the futures and options book; the data do not establish the manager's reason for the shift.
Explore the evidencePORTFOLIO ALLOCATION
Latest allocation & changes
Latest disclosed figures. A comparable previous disclosure is not available.
- Listed equity
- 72.91%
- Money market
- 17.01%
- Cash and net current assets
- 10.08%
Derivative positioning
- Long derivativesFutures reported %
- 12.35%
- Futures · signed totalFutures reported %
- -1.84%
- Options · signed totalOptions valuation %
- -0.00%
Percentages are compared on the same source basis. These measures can overlap and are not added to capital allocation. Contract or short-stock rotations are not treated as company additions or removals.
Only quantified categories are shown. Missing figures are not zero; changes appear only when both disclosures are comparable.
Explore the disclosed holdings
Diviniti Equity Long-Short · 30 Sept 2026
Portfolio sleeves
48 disclosed lines
Scroll inside the table to inspect all rows. The page layout stays fixed.
| # | Security / ISIN | Sector / bucket | Weight (% NAV) | Exposure (% NAV) |
|---|---|---|---|---|
| 01 | Reliance Industries LimitedINE002A01018 · long | Petroleum Products | 9.39% | 9.39% |
| 02 | ICICI Bank LimitedINE090A01021 · long | Banks | 8.31% | 8.31% |
| 03 | HDFC Bank LimitedINE040A01034 · long | Banks | 8.10% | 8.10% |
| 04 | Bharti Airtel LimitedINE397D01024 · long | Telecom - Services | 4.12% | 4.12% |
| 05 | State Bank of IndiaINE062A01020 · long | Banks | 4.01% | 4.01% |
| 06 | Axis Bank LimitedINE238A01034 · long | Banks | 2.54% | 2.54% |
| 07 | HDFC Life Insurance Company LimitedINE795G01014 · long | Insurance | 2.46% | 2.46% |
| 08 | Mahindra & Mahindra LimitedINE101A01026 · long | Automobiles | 2.13% | 2.13% |
| 09 | Cartrade Tech LimitedINE290S01011 · long | Retailing | 2.13% | 2.13% |
| 10 | Bajaj Finance LimitedINE296A01032 · long | Finance | 2.10% | 2.10% |
| 11 | Hindustan Unilever LimitedINE030A01027 · long | Diversified FMCG | 1.64% | 1.64% |
| 12 | Bharat Heavy Electricals LimitedINE257A01026 · long | Electrical Equipment | 1.61% | 1.61% |
| 13 | Adani Ports and Special Economic Zone LimitedINE742F01042 · long | Transport Infrastructure | 1.45% | 1.45% |
| 14 | Hitachi Energy India LimitedINE07Y701011 · long | Electrical Equipment | 1.26% | 1.26% |
| 15 | ITC LimitedINE154A01025 · long | Diversified FMCG | 1.16% | 1.16% |
| 16 | Kotak Mahindra Bank LimitedINE237A01036 · long | Banks | 1.08% | 1.08% |
| 17 | Tata Steel LimitedINE081A01020 · long | Ferrous Metals | 1.08% | 1.08% |
| 18 | Tata Consultancy Services LimitedINE467B01029 · long | IT - Software | 0.99% | 0.99% |
| 19 | Sun Pharmaceutical Industries LimitedINE044A01036 · long | Pharmaceuticals & Biotechnology | 0.98% | 0.98% |
| 20 | Nestle India LimitedINE239A01024 · long | Food Products | 0.96% | 0.96% |
| 21 | Hindustan Copper LimitedINE531E01026 · long | Non - Ferrous Metals | 0.89% | 0.89% |
| 22 | Dr. Reddy's Laboratories LimitedINE089A01031 · long | Pharmaceuticals & Biotechnology | 0.81% | 0.81% |
| 23 | Inox Green Energy Services LimitedINE510W01014 · long | Commercial Services & Supplies | 0.79% | 0.79% |
| 24 | Vishal Mega Mart LimitedINE01EA01019 · long | Retailing | 0.77% | 0.77% |
| 25 | VA Tech Wabag LimitedINE956G01038 · long | Other Utilities | 0.74% | 0.74% |
| 26 | Aster DM Quality Care LimitedINE914M01019 · long | Healthcare Services | 0.72% | 0.72% |
| 27 | Mazagon Dock Shipbuilders LimitedINE249Z01020 · long | Industrial Manufacturing | 0.71% | 0.71% |
| 28 | Coal India LimitedINE522F01014 · long | Consumable Fuels | 0.71% | 0.71% |
| 29 | Hindalco Industries LimitedINE038A01020 · long | Non - Ferrous Metals | 0.69% | 0.69% |
| 30 | Samvardhana Motherson International LimitedINE775A01035 · long | Auto Components | 0.69% | 0.69% |
| 31 | Hyundai Motor India LtdINE0V6F01027 · long | Automobiles | 0.66% | 0.66% |
| 32 | Life Insurance Corporation Of IndiaINE0J1Y01017 · long | Insurance | 0.57% | 0.57% |
| 33 | Minda Corporation LimitedINE842C01021 · long | Auto Components | 0.54% | 0.54% |
| 34 | Oil & Natural Gas Corporation LimitedINE213A01029 · long | Oil | 0.53% | 0.53% |
| 35 | LG Electronics India LtdINE324D01010 · long | Consumer Durables | 0.53% | 0.53% |
| 36 | Hindustan Aeronautics LimitedINE066F01020 · long | Aerospace & Defense | 0.52% | 0.52% |
| 37 | Emami LimitedINE548C01032 · long | Personal Products | 0.51% | 0.51% |
| 38 | Bharat Forge LimitedINE465A01025 · long | Auto Components | 0.51% | 0.51% |
| 39 | Manappuram Finance LimitedINE522D01027 · long | Finance | 0.50% | 0.50% |
| 40 | Marico LimitedINE196A01026 · long | Agricultural Food & other Products | 0.50% | 0.50% |
| 41 | Apollo Hospitals Enterprise LimitedINE437A01024 · long | Healthcare Services | 0.48% | 0.48% |
| 42 | National Stock Exchange Of India LtdINE721I01024 · long | Capital Markets | 0.39% | 0.39% |
| 43 | Jyoti CNC Automation LtdINE980O01024 · long | Industrial Manufacturing | 0.31% | 0.31% |
| 44 | Bandhan Bank LimitedINE545U01014 · long | Banks | 0.30% | 0.30% |
| 45 | Paras Defence and Space Technologies LimitedINE045601023 · long | Aerospace & Defense | 0.28% | 0.28% |
| 46 | NTPC LimitedINE733E01010 · long | Power | 0.26% | 0.26% |
| 47 | Computer Age Management Services LimitedINE596I01020 · long | Capital Markets | 0.26% | 0.26% |
| 48 | Max Healthcare Institute LimitedINE027H01010 · long | Healthcare Services | 0.24% | 0.24% |
Weight and exposure are separate source fields. Source signs are retained; missing values are unavailable, not zero. Derivative weights do not establish total or unhedged exposure.
Portfolio construction
- Cash equities: 72.91%; money market: 17.01%; cash and net current assets: 10.08%. These funded categories total 100% of NAV.
- Between 31 August and 30 September, cash equity fell 9.17 percentage points. Money market rose from 13.89% to 17.01%, while cash and net current assets rose from 4.03% to 10.08%.
- The latest statement has 48 cash-equity companies and 21 derivative lines. The ten largest cash equities account for 45.29% of NAV.
- Largest cash-equity holdings: Reliance Industries Limited (9.39% of NAV); ICICI Bank Limited (8.31% of NAV); HDFC Bank Limited (8.10% of NAV).
What changed in cash equities
- Cash-equity comparisons below use the dated primary company rows for 31 August and 30 September. Full derivative coverage differs between captures, so the automated whole-portfolio comparison remains qualified.
- Entries: 24 companies. Mahindra & Mahindra Limited (2.13% of NAV); Hindustan Unilever Limited (1.64% of NAV); ITC Limited (1.16% of NAV).
- Exits: 19 companies. Infosys Limited (1.98% of NAV previously); Narayana Hrudayalaya Limited (1.53% of NAV previously); Dixon Technologies (India) Limited (1.50% of NAV previously).
- Sun Pharmaceutical Industries Limited: 2.85% to 0.98% of NAV (down 1.87 percentage points).
- Life Insurance Corporation Of India: 2.38% to 0.57% of NAV (down 1.81 percentage points).
- Cartrade Tech Limited: 3.59% to 2.13% of NAV (down 1.46 percentage points).
Derivatives, measured separately
- Eighteen futures lines have a signed reported total of -1.84% of NAV. Long futures percentages sum to 12.35%; the signed total should not be mistaken for gross derivative usage.
- Three option lines have a signed valuation total of approximately -0.0025% of NAV. A small premium value does not imply small underlying exposure.
- Stale June notes in the workbook's Index sheet and closed-trade schedules are excluded. The analysis uses the dated September statement and its explicit derivative table.
What this means for the strategy
- The disclosed funded portfolio carries a larger liquidity buffer than in August, but the equity core remains concentrated: the top ten companies are 45.29% of NAV. Review this concentration alongside the futures and options book; the data do not establish the manager's reason for the shift.
- Watch the largest company weights and whether the higher cash and money-market share persists in the next disclosure. Do not read option premiums as total market exposure.
Dates and evidence limits
- Holdings are dated 30 September 2026. This research was prepared on 9 October after the monthly disclosures were added to SIFprime.
- Changes between disclosures can reflect transactions, prices and investor flows. They do not establish trade dates, investment returns or the manager's intent.
- Cash-equity company movements are separate from derivative positioning. Futures, option premiums and swap valuations are not added together as one exposure figure.
- The full snapshots have different derivative capture scopes. The August-to-September narrative compares cash-equity holdings and funded allocation only; it does not claim a like-for-like change in the entire derivatives book.
Sources & methodology
How to read this research
- Analysis uses the captured disclosure. Portfolio dates and the report preparation date are shown separately.
- Cash-equity concentration uses long cash-equity weights. Derivatives are measured separately and are not added to allocation weights.
- Changes compare disclosed snapshots; they do not establish trade timing or manager intent. Interpretation is separate from the disclosed facts.