DynaSIF Equity Ex-Top 100 Long-Short: September review - an equity-led book with changes beneath the surface
Key takeaway
Cash equity is 94.01% of NAV, down 0.81 percentage points from 31 July 2026. The ten largest company holdings account for 32.51% of NAV.
Cash equity94.01%
Top-ten cash equity32.51%
Cash-equity rows50
AI Brief
What changed
Cash equity is 94.01% of NAV, down 0.81 percentage points from 31 July 2026. The ten largest company holdings account for 32.51% of NAV.
Why it matters
Cash equity remains close to the July level, but the company mix has changed. Electrical equipment, banks and auto components are the largest disclosed equity sectors; the single short futures position is a separate source of market sensitivity.
What to watch
Watch the new company weights and concentration in the leading sectors, rather than treating a nearly unchanged equity total as an unchanged portfolio.
What remains uncertain
Cash-equity comparison only; the broader disclosure scopes differ. Changes are not confirmed trades. Option values and derivative notionals are separate from asset allocation.
Generated by Codex source-reviewed editorial research from this article and its evidence · 11 Oct 2026
OUR READING
SIFprime View
Listed equity leads at 94.01%
Cash equity remains close to the July level, but the company mix has changed. Electrical equipment, banks and auto components are the largest disclosed equity sectors; the single short futures position is a separate source of market sensitivity.
Explore the evidencePORTFOLIO ALLOCATION
Latest allocation & changes
Latest disclosed figures. A comparable previous disclosure is not available.
- Listed equity
- 94.01%
- Money market
- 5.48%
- Cash and net current assets
- 2.40%
Derivative positioning
- Short derivativesFutures reported %
- 1.89%
- Futures · signed totalFutures reported %
- -1.89%
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
DynaSIF Equity Ex-Top 100 Long-Short · 30 Sept 2026
Portfolio sleeves
Listed equitylong
50 disclosed lines
Scroll inside the table to inspect all rows. The page layout stays fixed.
| # | Security / ISIN | Sector / bucket | Weight (% NAV) | Exposure (% NAV) |
|---|---|---|---|---|
| 01 | Indo-MIM LimitedINE084101034 · long | Industrial Manufacturing | 3.73% | 3.73% |
| 02 | Behari Lal Engineering LimitedINE1EEM01017 · long | Industrial Products | 3.48% | 3.48% |
| 03 | One 97 Communications LimitedINE982J01020 · long | Financial Technology (Fintech) | 3.39% | 3.39% |
| 04 | Ujjivan Small Finance Bank LimitedINE551W01018 · long | Banks | 3.28% | 3.28% |
| 05 | Tilaknagar Industries LimitedINE133E01013 · long | Beverages | 3.18% | 3.18% |
| 06 | ZF Commercial Vehicle Control Systems India LimitedINE342J01019 · long | Auto Components | 3.14% | 3.14% |
| 07 | MTAR Technologies LimitedINE864I01014 · long | Electrical Equipment | 3.13% | 3.13% |
| 08 | Premier Energies LimitedINE0BS701011 · long | Electrical Equipment | 3.09% | 3.09% |
| 09 | IIFL Finance LimitedINE530B01024 · long | Finance | 3.08% | 3.08% |
| 10 | Redington LimitedINE891D01026 · long | Commercial Services & Supplies | 3.01% | 3.01% |
| 11 | Central Depository Services (India) LimitedINE736A01011 · long | Capital Markets | 2.93% | 2.93% |
| 12 | Voltamp Transformers LimitedINE540H01012 · long | Electrical Equipment | 2.91% | 2.91% |
| 13 | Jyoti CNC Automation LtdINE980O01024 · long | Industrial Manufacturing | 2.90% | 2.90% |
| 14 | EPL LimitedINE255A01020 · long | Industrial Products | 2.89% | 2.89% |
| 15 | Bajaj Consumer Care LimitedINE933K01021 · long | Personal Products | 2.85% | 2.85% |
| 16 | Varun Beverages LimitedINE200M01039 · long | Beverages | 2.73% | 2.73% |
| 17 | Bank of MaharashtraINE457A01014 · long | Banks | 2.55% | 2.55% |
| 18 | BSE LimitedINE118H01025 · long | Capital Markets | 2.45% | 2.45% |
| 19 | Jamna Auto Industries LimitedINE039C01032 · long | Auto Components | 2.45% | 2.45% |
| 20 | West Coast Paper Mills LimitedINE976A01021 · long | Paper, Forest & Jute Products | 2.28% | 2.28% |
| 21 | Kovai Medical Center and Hospital LimitedINE177F01017 · long | Healthcare Services | 2.24% | 2.24% |
| 22 | Wework India Management LimitedINE085001019 · long | Commercial Services & Supplies | 2.21% | 2.21% |
| 23 | Onesource Specialty Pharma LimitedINE013P01021 · long | Pharmaceuticals & Biotechnology | 1.97% | 1.97% |
| 24 | Axis Bank LimitedINE238A01034 · long | Banks | 1.91% | 1.91% |
| 25 | Bajaj Finance LimitedINE296A01032 · long | Finance | 1.66% | 1.66% |
| 26 | Manorama Industries LimitedINE00VM01036 · long | Food Products | 1.55% | 1.55% |
| 27 | Kotak Mahindra Bank LimitedINE237A01036 · long | Banks | 1.52% | 1.52% |
| 28 | SPR Auto Technologies LtdINE526E01018 · long | Auto Components | 1.44% | 1.44% |
| 29 | Pine Labs LimitedINE15B701018 · long | Financial Technology (Fintech) | 1.39% | 1.39% |
| 30 | JK Cement LimitedINE823G01014 · long | Cement & Cement Products | 1.22% | 1.22% |
| 31 | Tata Motors LtdINE1TAE01010 · long | Agricultural, Commercial & Construction Vehicles | 1.21% | 1.21% |
| 32 | CreditAccess Grameen LimitedINE741K01010 · long | Finance | 1.18% | 1.18% |
| 33 | Novartis India LimitedINE234A01025 · long | Pharmaceuticals & Biotechnology | 1.18% | 1.18% |
| 34 | Molbio Diagnostics LimitedINE869T01028 · long | Healthcare Equipment & Supplies | 1.16% | 1.16% |
| 35 | Canara HSBC Life Insurance company LtdINE01TY01017 · long | Insurance | 1.15% | 1.15% |
| 36 | Biocon LimitedINE376G01013 · long | Pharmaceuticals & Biotechnology | 1.13% | 1.13% |
| 37 | PhysicsWallah LimitedINE0LP301011 · long | Other Consumer Services | 1.10% | 1.10% |
| 38 | PNB Housing Finance LimitedINE572E01012 · long | Finance | 1.07% | 1.07% |
| 39 | Global Health LimitedINE474Q01031 · long | Healthcare Services | 1.06% | 1.06% |
| 40 | Aegis Vopak Terminals LimitedINE0INX01018 · long | Oil | 0.92% | 0.92% |
| 41 | Motherson Sumi Wiring India LimitedINE0FS801015 · long | Auto Components | 0.90% | 0.90% |
| 42 | Indus Towers LimitedINE121J01017 · long | Telecom - Services | 0.82% | 0.82% |
| 43 | Sky Gold And Diamonds LimitedINE01IU01018 · long | Consumer Durables | 0.81% | 0.81% |
| 44 | Cholamandalam Investment and Finance Company LtdINE121A01024 · long | Finance | 0.75% | 0.75% |
| 45 | Aditya Infotech LimitedINE819V01029 · long | Industrial Manufacturing | 0.70% | 0.70% |
| 46 | Bharti Airtel LimitedINE397D01024 · long | Telecom - Services | 0.57% | 0.57% |
| 47 | Gk Energy LimitedINE1AG301022 · long | Construction | 0.49% | 0.49% |
| 48 | Ivalue Infosolutions LimitedINE056801025 · long | IT - Hardware | 0.46% | 0.46% |
| 49 | Sharda Motor Industries Ltd.INE597I01028 · long | Auto Components | 0.40% | 0.40% |
| 50 | CG Power and Industrial Solutions LimitedINE067A01029 · long | Electrical Equipment | 0.38% | 0.38% |
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
- Common-company cash equity 94.01%; Money market 5.48%; Cash and net current assets 2.40%. Values are the separate reported percentages of NAV.
- 50 positive common-company equity lines; top ten 32.51% of NAV. Largest holdings: Indo-MIM Limited (3.73%); Behari Lal Engineering Limited (3.48%); One 97 Communications Limited (3.39%).
- Largest classified equity sectors: Electrical Equipment 9.51% of NAV; Banks 9.26% of NAV; Auto Components 8.33% of NAV.
Changes in company holdings
- Cash-equity comparison: 31 July 2026 to 30 September 2026. Common-equity weight moved from 94.82% to 94.01% (reduced by 0.81 percentage points).
- Newly present in the common-equity snapshot: 8 companies. Largest disclosed weights: Behari Lal Engineering Limited (3.48%); Tilaknagar Industries Limited (3.18%); EPL Limited (2.89%).
- No longer present in the common-equity snapshot: 7 companies. Largest disclosed weights: Adani Enterprises Limited (2.62% previously); Max Financial Services Limited (2.46% previously); KEI Industries Limited (2.16% previously).
- Aditya Infotech Limited: 2.71% to 0.70% of NAV (down 2.01 percentage points).
- Biocon Limited: 2.97% to 1.13% of NAV (down 1.84 percentage points).
- Indo-MIM Limited: 5.32% to 3.73% of NAV (down 1.58 percentage points).
- These company comparisons use the dated cash-equity rows only. Differences in the broader capture, particularly derivatives, prevent a like-for-like automated whole-portfolio comparison.
Derivatives, measured separately
- Futures: long positions total 0.00% of NAV and short positions 1.89% in absolute magnitude; signed balance -1.89%. These are source-reported futures percentages, not delta-adjusted exposure for the whole fund.
- Explicit source classifications: 1 non hedging line. These labels do not quantify hedge effectiveness or establish the reason for every position.
SIFprime reading and what to watch
- Cash equity remains close to the July level, but the company mix has changed. Electrical equipment, banks and auto components are the largest disclosed equity sectors; the single short futures position is a separate source of market sensitivity.
- Watch the new company weights and concentration in the leading sectors, rather than treating a nearly unchanged equity total as an unchanged portfolio.
Dates and evidence limits
- Holdings are as of 30 September 2026; research prepared on 11 October 2026. The preparation date is not asserted to be the AMC publication date.
- Snapshot differences can reflect transactions, market prices, corporate actions and investor flows. They do not identify trade dates, returns or the manager's intent.
- Funded assets, futures percentages, option values and swap notionals use different measures. They are not added into a single gross or net exposure figure.
- Misaligned instrument codes in the workbook are not used to match companies. The comparison uses security ISINs; trust units and preference shares are excluded from common-company equity.
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.