qSIF Hybrid Long-Short: September review - a concentrated equity core beside money market
Cash equity is 33.92% of NAV, down 0.52 percentage points from 31 July 2026. The ten largest company holdings account for 32.88% of NAV.
AI Brief
What changed
Cash equity is 33.92% of NAV, down 0.52 percentage points from 31 July 2026. The ten largest company holdings account for 32.88% of NAV.
Why it matters
Only 11 positive company-equity lines make up the 33.92% cash-equity allocation, with ESDS Software Solution alone at 12.74% of NAV. A large money-market allocation therefore coexists with meaningful single-company concentration.
What to watch
Watch the largest company and the net-payable balance, as well as the listed-unit holdings. A modest total equity percentage can still conceal concentrated individual exposures.
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
Money market leads at 60.79%
Only 11 positive company-equity lines make up the 33.92% cash-equity allocation, with ESDS Software Solution alone at 12.74% of NAV. A large money-market allocation therefore coexists with meaningful single-company concentration.
Explore the evidencePORTFOLIO ALLOCATION
Latest allocation & changes
Latest disclosed figures. A comparable previous disclosure is not available.
- Listed equity
- 33.92%
- Debt securities
- 1.45%
- Money market
- 60.79%
- Cash and net current assets
- -7.32%
- REITs, InvITs and other listed units
- 11.15%
Derivative positioning
- Long derivativesFutures reported %
- 6.06%
- Short derivativesFutures reported %
- 2.20%
- Futures · signed totalFutures reported %
- 3.86%
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.
Explore the disclosed holdings
qSIF Hybrid Long-Short · 30 Sept 2026
Portfolio sleeves
11 disclosed lines
Scroll inside the table to inspect all rows. The page layout stays fixed.
| # | Security / ISIN | Sector / bucket | Weight (% NAV) | Exposure (% NAV) |
|---|---|---|---|---|
| 01 | ESDS Software Solution LimitedINE0DRI01029 · long | IT - Services | 12.74% | 12.74% |
| 02 | Gujarat Themis Biosyn LtdINE942C01045 · long | Pharmaceuticals & Biotechnology | 3.36% | 3.36% |
| 03 | Indegene LimitedINE065X01017 · long | Healthcare Services | 3.20% | 3.20% |
| 04 | Moneyview LimitedINE0PTN01011 · long | N.A. | 2.68% | 2.68% |
| 05 | Welspun Enterprises LimitedINE625G01013 · long | Construction | 2.34% | 2.34% |
| 06 | ICICI Prudential AMC LtdINE346A01027 · long | Capital Markets | 2.13% | 2.13% |
| 07 | Caliber Mining and Logistics LimitedINE11XY01018 · long | Consumable Fuels | 1.89% | 1.89% |
| 08 | Glaxosmithkline Pharmaceuticals LtdINE159A01016 · long | Pharmaceuticals & Biotechnology | 1.68% | 1.68% |
| 09 | Sonata Software LimitedINE269A01021 · long | IT - Software | 1.43% | 1.43% |
| 10 | Prabha Energy LimitedINE0I0M01023 · long | Oil | 1.42% | 1.42% |
| 11 | Aequs LtdINE947N01017 · long | Aerospace & Defense | 1.04% | 1.04% |
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 33.92%; Debt securities 1.45%; Money market 60.79%; Cash and net current assets -7.32%; REITs, InvITs and other listed units 11.15%. Values are the separate reported percentages of NAV.
- 11 positive common-company equity lines; top ten 32.88% of NAV. Largest holdings: ESDS Software Solution Limited (12.74%); Gujarat Themis Biosyn Ltd (3.36%); Indegene Limited (3.20%).
- Largest classified equity sectors: IT - Services 12.74% of NAV; Pharmaceuticals & Biotechnology 5.04% of NAV; Healthcare Services 3.20% 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 34.44% to 33.92% (reduced by 0.52 percentage points).
- Newly present in the common-equity snapshot: 7 companies. Largest disclosed weights: ESDS Software Solution Limited (12.74%); Gujarat Themis Biosyn Ltd (3.36%); Moneyview Limited (2.68%).
- No longer present in the common-equity snapshot: 7 companies. Largest disclosed weights: Adani Energy Solutions Limited (8.58% previously); JSW Infrastructure Limited (6.51% previously); PTC India Limited (3.50% previously).
- Caliber Mining and Logistics Limited: 6.14% to 1.89% of NAV (down 4.24 percentage points).
- Indegene Limited: 1.44% to 3.20% of NAV (up 1.76 percentage points).
- Welspun Enterprises Limited: 1.07% to 2.34% of NAV (up 1.27 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 6.06% of NAV and short positions 2.20% in absolute magnitude; signed balance +3.86%. These are source-reported futures percentages, not delta-adjusted exposure for the whole fund.
- Explicit source classifications: 5 non hedging lines. These labels do not quantify hedge effectiveness or establish the reason for every position.
SIFprime reading and what to watch
- Only 11 positive company-equity lines make up the 33.92% cash-equity allocation, with ESDS Software Solution alone at 12.74% of NAV. A large money-market allocation therefore coexists with meaningful single-company concentration.
- Watch the largest company and the net-payable balance, as well as the listed-unit holdings. A modest total equity percentage can still conceal concentrated individual exposures.
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.