DynaSIF Equity Long-Short: September review - higher cash equity across a refreshed company mix
Key takeaway
Cash equity is 76.13% of NAV, up 7.53 percentage points from 31 July 2026. The ten largest company holdings account for 26.30% of NAV.
Cash equity76.13%
Top-ten cash equity26.30%
Cash-equity rows55
AI Brief
What changed
Cash equity is 76.13% of NAV, up 7.53 percentage points from 31 July 2026. The ten largest company holdings account for 26.30% of NAV.
Why it matters
The common-equity allocation increased from July with 55 positive company lines in September. Banks lead the sector mix, and the separate long and short derivatives mean the cash-equity increase is not itself a quantified increase in net exposure.
What to watch
Watch the new and larger company holdings and the futures overlay together. The July baseline excludes trust units and preference shares from common-company equity.
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 76.13%
The common-equity allocation increased from July with 55 positive company lines in September. Banks lead the sector mix, and the separate long and short derivatives mean the cash-equity increase is not itself a quantified increase in net exposure.
Explore the evidencePORTFOLIO ALLOCATION
Latest allocation & changes
Latest disclosed figures. A comparable previous disclosure is not available.
- Listed equity
- 76.13%
- Money market
- 19.00%
- Cash and net current assets
- 5.60%
- REITs, InvITs and other listed units
- 0.27%
Derivative positioning
- Futures · signed totalFutures reported %
- -1.20%
- Options · signed totalOptions valuation %
- 0.20%
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 Long-Short · 30 Sept 2026
Portfolio sleeves
Listed equitylong
55 disclosed lines
Scroll inside the table to inspect all rows. The page layout stays fixed.
| # | Security / ISIN | Sector / bucket | Weight (% NAV) | Exposure (% NAV) |
|---|---|---|---|---|
| 01 | Bharti Airtel LimitedINE397D01024 · long | Telecom - Services | 3.87% | 3.87% |
| 02 | Eternal LimitedINE758T01015 · long | Retailing | 3.76% | 3.76% |
| 03 | Premier Energies LimitedINE0BS701011 · long | Electrical Equipment | 2.74% | 2.74% |
| 04 | The Indian Hotels Company LimitedINE053A01029 · long | Leisure Services | 2.55% | 2.55% |
| 05 | Axis Bank LimitedINE238A01034 · long | Banks | 2.44% | 2.44% |
| 06 | Jyoti CNC Automation LtdINE980O01024 · long | Industrial Manufacturing | 2.38% | 2.38% |
| 07 | Varun Beverages LimitedINE200M01039 · long | Beverages | 2.21% | 2.21% |
| 08 | IIFL Finance LimitedINE530B01024 · long | Finance | 2.21% | 2.21% |
| 09 | ICICI Bank LimitedINE090A01021 · long | Banks | 2.08% | 2.08% |
| 10 | ZF Commercial Vehicle Control Systems India LimitedINE342J01019 · long | Auto Components | 2.07% | 2.07% |
| 11 | Kotak Mahindra Bank LimitedINE237A01036 · long | Banks | 2.06% | 2.06% |
| 12 | Tata Motors LtdINE1TAE01010 · long | Agricultural, Commercial & Construction Vehicles | 2.05% | 2.05% |
| 13 | Central Depository Services (India) LimitedINE736A01011 · long | Capital Markets | 1.95% | 1.95% |
| 14 | Cholamandalam Investment and Finance Company LtdINE121A01024 · long | Finance | 1.94% | 1.94% |
| 15 | Motherson Sumi Wiring India LimitedINE0FS801015 · long | Auto Components | 1.92% | 1.92% |
| 16 | Computer Age Management Services LimitedINE596I01020 · long | Capital Markets | 1.91% | 1.91% |
| 17 | City Union Bank LimitedINE491A01021 · long | Banks | 1.91% | 1.91% |
| 18 | HDFC Bank LimitedINE040A01034 · long | Banks | 1.76% | 1.76% |
| 19 | Onesource Specialty Pharma LimitedINE013P01021 · long | Pharmaceuticals & Biotechnology | 1.75% | 1.75% |
| 20 | Mahindra & Mahindra LimitedINE101A01026 · long | Automobiles | 1.75% | 1.75% |
| 21 | Adani Ports and Special Economic Zone LimitedINE742F01042 · long | Transport Infrastructure | 1.56% | 1.56% |
| 22 | Tilaknagar Industries LimitedINE133E01013 · long | Beverages | 1.55% | 1.55% |
| 23 | InterGlobe Aviation LimitedINE646L01027 · long | Transport Services | 1.54% | 1.54% |
| 24 | Bajaj Consumer Care LimitedINE933K01021 · long | Personal Products | 1.47% | 1.47% |
| 25 | Reliance Industries LimitedINE002A01018 · long | Petroleum Products | 1.38% | 1.38% |
| 26 | Wework India Management LimitedINE085001019 · long | Commercial Services & Supplies | 1.38% | 1.38% |
| 27 | Bharat Electronics LimitedINE263A01024 · long | Aerospace & Defense | 1.35% | 1.35% |
| 28 | Metropolis Healthcare LimitedINE112L01020 · long | Healthcare Services | 1.07% | 1.07% |
| 29 | AU Small Finance Bank LimitedINE949L01017 · long | Banks | 1.06% | 1.06% |
| 30 | Power Grid Corporation of India LimitedINE752E01010 · long | Power | 1.03% | 1.03% |
| 31 | Sona BLW Precision Forgings LimitedINE073K01018 · long | Auto Components | 1.03% | 1.03% |
| 32 | FSN E-Commerce Ventures LimitedINE388Y01029 · long | Retailing | 0.97% | 0.97% |
| 33 | Info Edge (India) LimitedINE663F01032 · long | Retailing | 0.97% | 0.97% |
| 34 | One 97 Communications LimitedINE982J01020 · long | Financial Technology (Fintech) | 0.96% | 0.96% |
| 35 | Amber Enterprises India LimitedINE371P01015 · long | Consumer Durables | 0.96% | 0.96% |
| 36 | Canara HSBC Life Insurance company LtdINE01TY01017 · long | Insurance | 0.95% | 0.95% |
| 37 | Honasa Consumer LimitedINE0J5401028 · long | Personal Products | 0.93% | 0.93% |
| 38 | JSW Energy LimitedINE121E01018 · long | Power | 0.88% | 0.88% |
| 39 | Global Health LimitedINE474Q01031 · long | Healthcare Services | 0.84% | 0.84% |
| 40 | Horizon Industrial Parks LimitedINE685T01010 · long | Realty | 0.83% | 0.83% |
| 41 | Maruti Suzuki India LimitedINE585B01010 · long | Automobiles | 0.80% | 0.80% |
| 42 | Grasim Industries LimitedINE047A01021 · long | Cement & Cement Products | 0.76% | 0.76% |
| 43 | Larsen & Toubro LimitedINE018A01030 · long | Construction | 0.68% | 0.68% |
| 44 | Sun Pharmaceutical Industries LimitedINE044A01036 · long | Pharmaceuticals & Biotechnology | 0.67% | 0.67% |
| 45 | Affle 3i LimitedINE00WC01027 · long | IT - Services | 0.67% | 0.67% |
| 46 | Bajaj Finserv LimitedINE918I01026 · long | Finance | 0.60% | 0.60% |
| 47 | State Bank of IndiaINE062A01020 · long | Banks | 0.59% | 0.59% |
| 48 | Mahindra & Mahindra Financial Services LimitedINE774D01024 · long | Finance | 0.56% | 0.56% |
| 49 | Campus Activewear LimitedINE278Y01022 · long | Consumer Durables | 0.51% | 0.51% |
| 50 | Bata India LimitedINE176A01028 · long | Consumer Durables | 0.50% | 0.50% |
| 51 | Rategain Travel Technologies LimitedINE0CLI01024 · long | IT - Software | 0.45% | 0.45% |
| 52 | Tata Consumer Products LimitedINE192A01025 · long | Agricultural Food & other Products | 0.44% | 0.44% |
| 53 | Trent LimitedINE849A01020 · long | Retailing | 0.36% | 0.36% |
| 54 | Supreme Industries LimitedINE195A01028 · long | Industrial Products | 0.27% | 0.27% |
| 55 | UltraTech Cement LimitedINE481G01011 · long | Cement & Cement Products | 0.26% | 0.26% |
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 76.13%; Money market 19.00%; Cash and net current assets 5.60%; REITs, InvITs and other listed units 0.27%. Values are the separate reported percentages of NAV.
- 55 positive common-company equity lines; top ten 26.30% of NAV. Largest holdings: Bharti Airtel Limited (3.87%); Eternal Limited (3.76%); Premier Energies Limited (2.74%).
- Largest classified equity sectors: Banks 11.90% of NAV; Retailing 6.05% of NAV; Finance 5.32% of NAV.
Changes in company holdings
- Cash-equity comparison: 31 July 2026 to 30 September 2026. Common-equity weight moved from 68.60% to 76.13% (increased by 7.53 percentage points).
- Newly present in the common-equity snapshot: 18 companies. Largest disclosed weights: Premier Energies Limited (2.74%); Jyoti CNC Automation Ltd (2.38%); Varun Beverages Limited (2.21%).
- No longer present in the common-equity snapshot: 16 companies. Largest disclosed weights: Britannia Industries Limited (1.68% previously); Adani Enterprises Limited (1.28% previously); Dixon Technologies (India) Limited (1.23% previously).
- Larsen & Toubro Limited: 2.55% to 0.68% of NAV (down 1.87 percentage points).
- ICICI Bank Limited: 0.78% to 2.08% of NAV (up 1.30 percentage points).
- AU Small Finance Bank Limited: 2.19% to 1.06% of NAV (down 1.13 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 6.62% of NAV and short positions 7.82% in absolute magnitude; signed balance -1.20%. These are source-reported futures percentages, not delta-adjusted exposure for the whole fund.
- Options: 6 disclosed lines; their signed reported value percentages sum to +0.20% of NAV. Reported option values are not verified underlying notionals or delta-adjusted exposures.
- Explicit source classifications: 7 hedging lines, 13 non hedging lines. These labels do not quantify hedge effectiveness or establish the reason for every position.
SIFprime reading and what to watch
- The common-equity allocation increased from July with 55 positive company lines in September. Banks lead the sector mix, and the separate long and short derivatives mean the cash-equity increase is not itself a quantified increase in net exposure.
- Watch the new and larger company holdings and the futures overlay together. The July baseline excludes trust units and preference shares from common-company equity.
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.
- Incomplete option notional coverage remains flagged in the captured data. A complete list of source rows does not imply a complete measure of economic exposure.
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.