FundsqSIF Equity

Quant Mutual Fund

qSIF Equity Long-Short Fund

Equity Long ShortQuantitativeNet long 50-90%

01Overview 02Performance 03Portfolio 04People 05Risk 06Documents 07Compare

01 SIFPrime research brief

qSIF Equity research brief.

Generate long-term capital appreciation by investing in a diversified portfolio of equity and equity-related instruments, while employing limited short exposure through derivatives up to 25% unhedged to enhance returns and manage risk efficiently. The strategy is benchmarked to NIFTY 500 TRI.

Current NAV

₹10.6254

NAV date pending

Core idea

Equity L/S

Quantitative

Team depth

5 managers

Research team mapped

Risk label

Very High

Read with the risk framework

02 Daily NAV performance

Daily NAV movement and returns

Every published daily point is plotted; choose a period to inspect the path.

Since inception

+6.20%

0 NAV points

NAV history will appear after regular publications.

NFO and newly listed SIFs may have limited history.

Monthly returns

Compact month-by-month performance (%)

All 9 months

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2025	—	—	—	—	—	—	—	—	—	+1.36%	-0.23%	-0.58%
2026	-3.32%	+0.82%	-8.95%	+13.68%	+2.07%	+2.57%	—	—	—	—	—	—

03 Portfolio intelligence

Holdings by portfolio sleeve

Equity, derivatives, debt and supplemental hedge disclosures stay separate so the source can be read without mixing measurement bases.

Latest verified AMC disclosure: 31 Jul 2026.Usually reported every 2 monthsPortfolio lines37Top 10 concentration49.34%

Portfolio sleeves

Listed equity

longequity share

20 disclosed lines

All rows stay inside this fixed view. Scroll to inspect long and short positions without changing the page layout.

#Security / ISINSector / bucketExposure

Adani Energy Solutions Limited

INE931S01010

Power

8.06%

Indus Towers Limited

INE121J01017

Telecom - Services

8.00%

JSW Infrastructure Limited

INE880J01026

Transport Infrastructure

6.80%

Adani Green Energy Limited

INE364U01010

Power

5.50%

UPL Limited

INE628A01036

Fertilizers & Agrochemicals

4.62%

MANGALORE REFINERY & PETROCHEMICALS LTD

INE103A01014

Petroleum Products

3.90%

BLUE JET HEALTHCARE LTD

INE0KBH01020

Pharmaceuticals & Biotechnology

3.50%

Capri Global Capital Limited

INE180C01042

Finance

3.05%

Reliance Industries Limited

INE002A01018

Petroleum Products

2.96%

Premier Energies Limited

INE0BS701011

Electrical Equipment

2.95%

Sona BLW Precision Forgings Limited

INE073K01018

Auto Components

2.94%

AWL Agri Business Limited

INE699H01024

Agricultural Food & other Products

2.87%

Caliber Mining and Logistics Limited

INE11XY01018

Consumable Fuels

2.59%

Hexaware Technologies Limited

INE093A01041

IT - Software

2.53%

IDBI Bank Limited

INE008A01015

Banks

2.39%

IPCA Laboratories Ltd

INE571A01038

Pharmaceuticals & Biotechnology

2.18%

Aegis Logistics Limited

INE208C01025

Gas

1.90%

Tata Chemicals Ltd

INE092A01019

Chemicals & Petrochemicals

1.89%

PTC India Limited

INE877F01012

Power

1.48%

YES Bank Ltd.

INE528G01035

Banks

1.48%

This view is normalized from the official AMC workbook. Derivative market value, notional exposure and regulatory gross exposure can use different measurement bases, so the source statement remains controlling.

03 Portfolio construction

Asset allocation bands

Scheme-filed allocation limits show where the strategy can invest. Actual weights vary with the portfolio disclosure date and fund-manager view.

Equity exposure

Min

Max

50-90%

Long-short exposure governed by scheme mandate

Unhedged shorts

Min

Max

0-25%

SEBI SIF short-exposure cap

Debt and cash

Min

Max

Liquidity sleeve

Supports settlement and redemption needs

Derivatives

Min

Max

Within SEBI limits

Used for hedging, rebalancing and tactical positioning

Benchmark: Nifty 500

04 Fund managers

5 fund managers across the mandate

The manager setup matters because equity long-short outcomes depend on stock selection, hedge construction and downside-control discipline.

Sandeep Tandon

Mandate team

Founder & Chief Investment Officer - quant Group

33+ yrs · MBA (Finance)

Started money management in 1992-93 at GIC Mutual Fund, the George Soros JV. Founding team member at IDBI AMC, where he had a key role in IDBI I-NITS 95. Held senior roles at ICICI Securities, Kotak Securities and REFCO. As CEO of Quant Broking from 2008 to 2018, led a proprietary derivatives desk with $1B+ daily turnover across equity arbitrage, volatility arbitrage, pair trading, sectoral long-short, event-driven and spread strategies, with no reported yearly or quarterly losses at aggregate level over the 10-year period.

Lokesh Garg

Mandate team

Fund Manager - Equity

20+ yrs · MBA - IIM Ahmedabad; B.Tech - IIT Roorkee; CFA Level III

Most recently Executive Director at UBS India Institutional Equities after the UBS-Credit Suisse merger. Previously Director at Credit Suisse India Institutional Equities and recognised as a top analyst in capital goods. Earlier experience with Kotak Institutional Equities, ICICI Bank Treasury and Infosys. Focuses on fundamental long-short investment ideas.

Ankit Pande

Mandate team

Fund Manager - Equity

14+ yrs · B.E. Electronics & Telecom; MBA - CUHK; CFA Level III

Previously developed fundamental long-short investment ideas under Sandeep Tandon at Quant Broking, incorporating covered calls and protective puts. Thomson Reuters StarMine Award winner for best IT stock picker in 2014. Also manages multiple quant Mutual Fund schemes with a strong risk-adjusted track record.

Sameer Kate

Mandate team

Chief Dealer - Derivatives & Fund Manager

20+ yrs · B.Sc. Computer Science; MBA - IME Pune

Started with REFCO as a derivatives dealer; spent 16 years with Kotak Securities Institutional Equities as Senior Derivatives Sales Trader and adviser to Kotak proprietary desk. Later Senior Sales Trader at Investec Capital. Currently Chief Dealer at quant, focused on arbitrage and derivative strategies.

Sanjeev Sharma

Mandate team

Fund Manager - Debt & Treasury

20+ yrs · PGDBA Finance; M.Com; Certified Treasury Manager

Over two decades of experience across equity, debt, fund management and treasury operations. Manages the fixed-income and money-market sleeve and deploys allied strategies across equity, debt and derivatives.

Team lens

Review how equity, debt, arbitrage and hedging decisions are coordinated across the full mandate, not as isolated manager sleeves.

05 Risk framework

Where the strategy can break

Read each risk as an operating condition to monitor. Hedging can change the shape of drawdowns, but it does not remove market, liquidity or execution risk.

Market risk

SIF NAVs can fall with equity, debt, liquidity and sentiment shocks. Hedging can reduce drawdowns but cannot remove market risk.

Derivative and short risk

Futures and options can amplify gains and losses. Unhedged short exposure is capped by the SEBI SIF framework but still needs active risk control.

Liquidity and redemption risk

Many SIFs are interval strategies. Redemption windows, settlement time and underlying portfolio liquidity matter before allocating capital.

Mid and small-cap liquidity

Ex-top-100 and broader equity long-short mandates can face sharper price impact and wider bid-ask spreads during stress.

Manager execution risk

Security selection, timing, hedge sizing and short-book discipline drive outcomes more than in a passive or plain-vanilla fund.

Potential fit

pure equity exposure

quantitative approach

higher risk/reward

Investors comfortable with scheme-defined liquidity

Mismatch signals

Capital preservation or guaranteed return expectations

A need for daily redemption flexibility

A short holding period sensitive to exit load and NAV seasoning

An assumption that derivatives always reduce downside

Monitoring checklist

What should change your view

Daily NAV behavior through stressed markets

Portfolio sleeves versus the filed mandate

TER drift across Regular and Direct plans

Liquidity and hedge behavior across disclosures

06 Due diligence desk

Documents and operating terms

Read the governing documents alongside the costs, liquidity and settlement terms that affect the actual investor experience.

What to read

Official disclosure checklist

4 records

Investment Strategy Information Document (ISID)

Full strategy disclosure - Sections I and II

Key Information Memorandum (KIM)

Quick-reference summary and application form

Statement of Additional Information (SAI)

Legal terms, tax and detailed risk factors

Portfolio / statutory disclosures

qsif.com/statutory-disclosures

Investor terms

Cost and access snapshot

Allotment / inception

08 Oct 2025

TER regular

2.15%

Exit load

0.50% if redeemed within 90 days

Redemption frequency

Weekly

Settlement

T+3

Plans / options

Direct and Regular, Growth option

Treat the SID and latest factsheet as controlling sources whenever a website summary and official disclosure differ.

In context

Comparable Equity Long Short SIFs in India

Compare this fund with nearby SIFs in the same category or mandate family before deciding allocation size.

FundFund houseMandateStatus

Fund

qSIF Equity Long-Short

Quant Mutual Fund

Quantitative

Diviniti Equity Long-Short

ITI Mutual Fund

Pure long short

DynaSIF Equity Long-Short

360 ONE Mutual Fund

Pure long short

Arudha Equity Long-Short

Bandhan Mutual Fund

Long biased

Arthaya Equity Long-Short

Fund house

Union Mutual Fund

Mandate

Pure long short

Live

SIFPrime view

How we are thinking about qSIF Equity

01
Generate long-term capital appreciation by investing in a diversified portfolio of equity and equity-related instruments, while employing limited short exposure through derivatives up to 25% unhedged to enhance returns and manage risk efficiently. The strategy is benchmarked to NIFTY 500 TRI.
02
qSIF Equity Long-Short is built as a long-biased equity core with a tactical short overlay. The long book, normally 80-100%, is selected bottom-up using fundamental analysis around growth, valuation and competitive moats, supplemented by Quant MF's VLRT-style quantitative signals. The overlay uses index and stock futures and options to express bearish single-name views or defensive macro posture.
03
Both the strategy and NIFTY 500 TRI benchmark carry Level 5 risk bands. Product labelling was assigned during NFO based on model-portfolio characteristics and may be reviewed as the strategy seasons.

Disclaimer. The information above is based on publicly available scheme documents, SIFPrime research notes and NAV data where available for qSIF Equity Long-Short Fund. SIFPrime is an AMFI-registered mutual fund distributor and does not provide investment advice. SIFs are subject to market risk; please read the SID/SAI carefully before investing.

Risk label: Very High. Investments in SIFs involve relatively higher risk including possible loss of capital, liquidity risk and market volatility.

Frequently asked questions

What is qSIF Equity Long-Short?+

qSIF Equity Long-Short is an open-ended equity Specialized Investment Fund that takes long positions in equity and equity-related instruments and uses derivatives for limited short exposure (up to 25% unhedged), managed by Quant Mutual Fund. It is a SEBI-regulated Specialized Investment Fund (SIF) — a category introduced in April 2025 that sits between traditional mutual funds and PMS. The fund is benchmarked to Nifty 500 TRI. qSIF Equity Long-Short launched on October 8, 2025.

Is qSIF Equity Long-Short a safe investment?+

High equity-market risk plus derivative risk from short exposure. Volatility is typically lower than a pure long-only equity fund but higher than a debt or hybrid fund. Suited for investors with at least a 3-year horizon who are comfortable with mark-to-market drawdowns. qSIF Equity Long-Short is regulated by SEBI under the SIF framework, has the same custodian, audit and disclosure standards as a mutual fund, and the AMC Quant Mutual Fund is responsible for managing the fund within its stated mandate. However, "safe" is relative — past returns and crash-period performance are the better guide. See the live performance and Alpha Shield score for qSIF Equity Long-Short above.

How is qSIF Equity Long-Short different from a regular mutual fund?+

Unlike a conventional mutual fund, qSIF Equity Long-Short can take unhedged short positions (up to 25% of NAV) using derivatives. This allows the fund manager to express negative views as well as participate in rising markets. The trade-off is a more complex risk profile and a potentially higher Total Expense Ratio. SIFs follow daily NAV publication, mutual-fund-level governance, and the same tax treatment as the underlying asset class.

How are qSIF Equity Long-Short returns taxed in India?+

qSIF Equity Long-Short is taxed based on its underlying portfolio composition, exactly like a mutual fund of the same category. Equity-oriented SIFs (>65% equity) qualify for equity taxation: 12.5% LTCG above ₹1.25 lakh after 12 months, 20% STCG before 12 months. Hybrid and debt-oriented SIFs are taxed at the investor's slab rate as per the post-April-2023 debt fund regime. See the SIFPrime tax guide for worked examples.

What is the expense ratio (TER) of qSIF Equity Long-Short?+

qSIF Equity Long-Short's Total Expense Ratio is 2.15% on the Direct plan. Direct plans are always cheaper than Regular plans (typically by 50–100 bps) because they do not include distributor commission. Direct plans are recommended for self-directed investors; Regular plans for investors using an MFD.

How can I invest in qSIF Equity Long-Short?+

Use the invest action on this SIFPrime fund page to create or sign in to your account and place the order from the same page. Research remains public, and the order flow only starts when you are ready to invest.

Where can I compare qSIF Equity Long-Short with other SIFs?+

Use the SIFPrime side-by-side comparison tool at /sif-compare to compare qSIF Equity Long-Short against other live Specialized Investment Funds on Alpha Shield v2 where sufficient official history exists, since-inception return, the separate March 2026 stress-period result, TER, strategy and benchmark.

Year

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

2025

—

+1.36%

-0.23%

-0.58%

2026

-3.32%

+0.82%

-8.95%

+13.68%

+2.07%

+2.57%

—

Frequently asked questions

What is qSIF Equity Long-Short?+

Is qSIF Equity Long-Short a safe investment?+

How is qSIF Equity Long-Short different from a regular mutual fund?+

How are qSIF Equity Long-Short returns taxed in India?+

What is the expense ratio (TER) of qSIF Equity Long-Short?+

How can I invest in qSIF Equity Long-Short?+

Where can I compare qSIF Equity Long-Short with other SIFs?+

qSIF Equity Long-Short Fund

qSIF Equity research brief.

Daily NAV movement and returns

Holdings by portfolio sleeve

20 disclosed lines

Asset allocation bands

5 fund managers across the mandate

Sandeep Tandon

Lokesh Garg

Ankit Pande

Sameer Kate

Sanjeev Sharma

Where the strategy can break

Market risk

Derivative and short risk

Liquidity and redemption risk

Mid and small-cap liquidity

Manager execution risk

What should change your view

Documents and operating terms

Official disclosure checklist

Cost and access snapshot

Comparable Equity Long Short SIFs in India

How we are thinking about qSIF Equity

Related SIF funds

Summit Equity Long-Short

iSIF Equity Long-Short

Diviniti Equity Long-Short

Dyna Equity Long-Short

Frequently asked questions

qSIF Equity Long-Short Fund

qSIF Equity research brief.

Daily NAV movement and returns

Holdings by portfolio sleeve

20 disclosed lines

Asset allocation bands

5 fund managers across the mandate

Sandeep Tandon

Lokesh Garg

Ankit Pande

Sameer Kate

Sanjeev Sharma

Where the strategy can break

Market risk

Derivative and short risk

Liquidity and redemption risk

Mid and small-cap liquidity

Manager execution risk

What should change your view

Documents and operating terms

Official disclosure checklist

Cost and access snapshot

Comparable Equity Long Short SIFs in India

How we are thinking about qSIF Equity

Related SIF funds

Summit Equity Long-Short

iSIF Equity Long-Short

Diviniti Equity Long-Short

Dyna Equity Long-Short

Frequently asked questions