qSIF Equity Long-Short: September review - slightly lower equity, concentrated top holdings
Cash equity is 69.61% of NAV, down 2.00 percentage points from 31 July 2026. The ten largest company holdings account for 49.31% of NAV.
AI Brief
What changed
Cash equity is 69.61% of NAV, down 2.00 percentage points from 31 July 2026. The ten largest company holdings account for 49.31% of NAV.
Why it matters
Cash-equity weight is slightly below July, but the top ten holdings account for 49.31% of NAV. Indus Towers and National Stock Exchange of India are the two largest company positions; their weights deserve attention alongside the futures book.
What to watch
Watch concentration in the largest companies and the balance between long and short futures. Sector labels marked N.A. remain unclassified rather than being assigned an inferred industry.
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
SIFprime View
Listed equity leads at 69.61%
Cash-equity weight is slightly below July, but the top ten holdings account for 49.31% of NAV. Indus Towers and National Stock Exchange of India are the two largest company positions; their weights deserve attention alongside the futures book.
Explore the evidencePORTFOLIO ALLOCATION
Latest allocation & changes
Latest disclosed figures. A comparable previous disclosure is not available.
- Listed equity
- 69.61%
- Money market
- 39.48%
- Cash and net current assets
- -9.60%
- REITs, InvITs and other listed units
- 0.51%
Derivative positioning
- Long derivativesFutures reported %
- 5.99%
- Short derivativesFutures reported %
- 6.99%
- Futures · signed totalFutures reported %
- -1.00%
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
qSIF Equity Long-Short · 30 Sept 2026
Portfolio sleeves
22 disclosed lines
Scroll inside the table to inspect all rows. The page layout stays fixed.
| # | Security / ISIN | Sector / bucket | Weight (% NAV) | Exposure (% NAV) |
|---|---|---|---|---|
| 01 | Indus Towers LimitedINE121J01017 · long | Telecom - Services | 9.47% | 9.47% |
| 02 | National Stock Exchange of India LimitedINE721I01024 · long | N.A. | 8.25% | 8.25% |
| 03 | Adani Green Energy LimitedINE364U01010 · long | Power | 5.79% | 5.79% |
| 04 | Coal India LtdINE522F01014 · long | Consumable Fuels | 5.72% | 5.72% |
| 05 | Indegene LimitedINE065X01017 · long | Healthcare Services | 4.86% | 4.86% |
| 06 | LG Electronics India LimitedINE324D01010 · long | Consumer Durables | 3.91% | 3.91% |
| 07 | Axis Bank LimitedINE238A01034 · long | Banks | 2.95% | 2.95% |
| 08 | Info Edge (India) LtdINE663F01032 · long | Retailing | 2.83% | 2.83% |
| 09 | Glaxosmithkline Pharmaceuticals LtdINE159A01016 · long | Pharmaceuticals & Biotechnology | 2.79% | 2.79% |
| 10 | Multi Commodity Exchange of India Ltd.INE745G01043 · long | Capital Markets | 2.73% | 2.73% |
| 11 | Adani Power LimitedINE814H01029 · long | Power | 2.71% | 2.71% |
| 12 | LIC Housing Finance LtdINE115A01026 · long | Finance | 2.47% | 2.47% |
| 13 | Capri Global Capital LimitedINE180C01042 · long | Finance | 2.42% | 2.42% |
| 14 | Zydus Lifesciences LimitedINE010B01027 · long | Pharmaceuticals & Biotechnology | 2.33% | 2.33% |
| 15 | Life Insurance Corporation Of IndiaINE0J1Y01017 · long | Insurance | 2.27% | 2.27% |
| 16 | AWL Agri Business LimitedINE699H01024 · long | Agricultural Food & other Products | 2.01% | 2.01% |
| 17 | Caliber Mining and Logistics LimitedINE11XY01018 · long | Consumable Fuels | 1.85% | 1.85% |
| 18 | Hexaware Technologies LimitedINE093A01041 · long | IT - Software | 1.66% | 1.66% |
| 19 | Container Corporation of India LtdINE111A01025 · long | Transport Services | 1.08% | 1.08% |
| 20 | PTC India LimitedINE877F01012 · long | Power | 0.98% | 0.98% |
| 21 | Tata Investment Corporation LimitedINE672A01026 · long | Finance | 0.53% | 0.53% |
| 22 | LTM LimitedINE214T01019 · long | IT - Software | 0.00% | 0.00% |
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 69.61%; Money market 39.48%; Cash and net current assets -9.60%; REITs, InvITs and other listed units 0.51%. Values are the separate reported percentages of NAV.
- 22 positive common-company equity lines; top ten 49.31% of NAV. Largest holdings: Indus Towers Limited (9.47%); National Stock Exchange of India Limited (8.25%); Adani Green Energy Limited (5.79%).
- Largest classified equity sectors: Power 9.48% of NAV; Telecom - Services 9.47% of NAV.
- The negative cash/net-current-assets figure is a net-payable balance, not a negative bank balance or an inferred borrowing amount. Read it with the other source entries.
Changes in company holdings
- Cash-equity comparison: 31 July 2026 to 30 September 2026. Common-equity weight moved from 71.60% to 69.61% (reduced by 2.00 percentage points).
- Newly present in the common-equity snapshot: 15 companies. Largest disclosed weights: National Stock Exchange of India Limited (8.25%); Coal India Ltd (5.72%); Indegene Limited (4.86%).
- No longer present in the common-equity snapshot: 13 companies. Largest disclosed weights: Adani Energy Solutions Limited (8.06% previously); JSW Infrastructure Limited (6.80% previously); UPL Limited (4.62% previously).
- Indus Towers Limited: 8.00% to 9.47% of NAV (up 1.47 percentage points).
- Hexaware Technologies Limited: 2.53% to 1.66% of NAV (down 0.88 percentage points).
- AWL Agri Business Limited: 2.87% to 2.01% of NAV (down 0.87 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 5.99% of NAV and short positions 6.99% in absolute magnitude; signed balance -1.00%. These are source-reported futures percentages, not delta-adjusted exposure for the whole fund.
- Explicit source classifications: 6 non hedging lines. These labels do not quantify hedge effectiveness or establish the reason for every position.
SIFprime reading and what to watch
- Cash-equity weight is slightly below July, but the top ten holdings account for 49.31% of NAV. Indus Towers and National Stock Exchange of India are the two largest company positions; their weights deserve attention alongside the futures book.
- Watch concentration in the largest companies and the balance between long and short futures. Sector labels marked N.A. remain unclassified rather than being assigned an inferred industry.
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.
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.