SS
Sanjeev Sharma
Mandate teamEquity Ex-Top 100 strategy
Quant Mutual Fund
FundsqSIF Ex-Top 100
Quant Mutual Fund
qSIF Ex-Top 100 Fund
Equity Ex-Top 100QuantitativeNet long 50-90%
01 SIFPrime research brief
An ex-top-100 long-short mandate built for selective mid and small-cap alpha.
qSIF Ex-Top 100 focuses beyond the largest 100 listed companies, where stock selection can add alpha but liquidity and drawdown risk can be materially higher. The long-short toolkit allows the manager to hedge broad market exposure and express negative views through derivatives, subject to scheme and SEBI limits. Review the portfolio breadth, hedge ratio and trading liquidity together rather than reading performance in isolation.
Current NAV
₹11.3476
2026-10-13
Core idea
Ex-top 100
Quantitative
Team depth
2 managers
Research team mapped
Risk label
Very High
Read with the risk framework
Research uses Direct Growth NAV history. Orders on SIFPrime use Regular Growth; the order ticket identifies the execution plan.
Loading selected-plan performance…
Direct Growth · 2026-10-13 · Source & calculation
AMFI SIF daily NAV · Scheme SIF-23 · Growth option
Observed 2025-11-13 to 2026-10-13 · 227 daily NAVs.
Absolute return = (end NAV ÷ start NAV − 1) × 100. Returns are not annualized. 1M / 3M / 6M use 30 / 91 / 182 days and the last NAV on or before the cutoff. YTD starts at the last prior-year NAV, or inception for a new fund.
Observed-history start NAV ₹10.0111 · latest ₹11.3476.
Max drawdown -14.19%. Peak 2025-11-17 to trough 2026-03-30.
Sharpe assumption: 5.3324% annual risk-free rate, observed 2026-07-17. Risk metrics use 226 daily returns from 2025-11-13 to 2026-10-13.
Snapshot checked 2026-10-14 07:42:28 UTC. The NAV date above is the valuation date; this is not a live price.
1M: 2026-09-11 → 2026-10-13
3M: 2026-07-14 → 2026-10-13
YTD: 2025-12-31 → 2026-10-13
02 Daily NAV performance
Daily NAV movement and returns
Every published daily point is plotted; choose a period to inspect the path.
Since inception
+13.35%
227 NAV points
Start NAV
₹10.0111
Latest NAV
₹11.3476
Monthly returns
Selected-plan absolute returns (%). First month is since inception; latest month is to the displayed NAV date.
Risk-adjusted performance
Observed daily NAV risk metrics
Annualized from Direct Growth NAV returns using 252 trading days. A minimum of 20 daily returns is required.
Volatility
13.07%
Sharpe ratio
0.74
Daily returns
226
Observation period
13 Nov 2025 – 13 Oct 2026
Sharpe uses an RBI 91-day T-Bill rate of 5.3324% as of 17 Jul 2026. Short track records should be treated as provisional.
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: 30 Sept 2026.Usually reported every 2 monthsPartial disclosurePortfolio lines47Top 10 concentration46.91%
Latest portfolio research · construction, positioning and changes
Loading portfolio research…
Portfolio sleeves
Listed equity
longequity share27 disclosed lines
All rows stay inside this fixed view. Scroll to inspect long and short positions without changing the page layout.
This is the latest verified partial disclosure. It includes the securities and aggregate sleeves published by the AMC, but it should not be read as a complete security list.
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.
Net long exposure
Min
--
Max
50-90%
Published scheme reference; confirm the current SID
Equity, debt and derivatives
Min
--
Max
As per scheme document
Read the scheme-specific research and linked SID for each allocation limit
Benchmark: Nifty Midcap 150
04 Fund managers
2 fund managers across the mandate
The manager setup matters because ex-top-100 strategies need strong stock selection, liquidity discipline and drawdown control outside the largest listed companies.
VS
Vasav Sahgal
Mandate teamEquity Ex-Top 100 strategy
Quant Mutual Fund
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.
01
Market risk
SIF NAVs can fall with equity, debt, liquidity and sentiment shocks. Hedging can reduce drawdowns but cannot remove market risk.
02
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.
03
Liquidity and redemption risk
Many SIFs are interval strategies. Redemption windows, settlement time and underlying portfolio liquidity matter before allocating capital.
04
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.
05
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
quantitative ex-top-100
mid small cap
systematic approach
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
Official notices & addendums
Ex-Top 100 risk band revised from 4 to 3
Published 9 Oct 2026
Declaration required for US/Canada-based NRI and PIO applications
Published 9 Oct 2026 · Effective 12 Oct 2026
Read the governing documents alongside the costs, liquidity and settlement terms that affect the actual investor experience.
What to read
Official disclosure checklist
01
Investment Strategy Information Document (ISID)
qSIF Ex-Top 100 · 14 August 2025 · PDF. Read with subsequent AMC addenda.
Open Investment Strategy Information Document (ISID) (PDF)02
Key Information Memorandum (KIM)
Consult the AMC's current disclosures and subsequent addenda for this strategy.
Direct download not yet verified. Consult the AMC for the current document.
03
Statement of Additional Information
Consult the AMC's current disclosures and subsequent addenda for this strategy.
Direct download not yet verified. Consult the AMC for the current document.
04
Monthly factsheet and portfolio disclosure
Consult the AMC's current disclosures and subsequent addenda for this strategy.
Direct download not yet verified. Consult the AMC for the current document.
Investor terms
Cost and access snapshot
Allotment / inception
13 Nov 2025
TER regular
2.10%
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 Ex-Top 100 SIFs in India
Compare this fund with nearby SIFs in the same category or mandate family before deciding allocation size.
FundFund houseMandateStatus
Fund
qSIF Ex-Top 100
Fund house
Quant Mutual Fund
Mandate
Quantitative
Current fund
Fund
iSIF Ex-Top 100
Fund house
ICICI Prudential Mutual Fund
Mandate
Ex top 100
Live
Fund
Altiva Equity Ex-Top 100 Long-Short
Fund house
Edelweiss Mutual Fund
Mandate
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Live
Fund
WSIF Ex-Top 100 Long-Short
Fund house
The Wealth Company MF Mutual Fund
Mandate
Ex top 100
Live
Fund
DynaSIF Equity Ex-Top 100 Long-Short
Fund house
360 ONE Mutual Fund
Mandate
Ex top 100
Live
SIFPrime view
How we are thinking about qSIF Ex-Top 100
- 01
qSIF Ex-Top 100 should be reviewed through its mandate, fund house, portfolio bands, liquidity terms, TER and risk label before any order is placed.
- 02
Focused outside the top 100 listed companies with a long-short framework designed for selective mid and small-cap alpha.
- 03
Very High risk and Weekly liquidity mean the investment should be matched to holding period, drawdown comfort and redemption needs.
Disclaimer. The information above is based on publicly available scheme documents, SIFPrime research notes and NAV data where available for qSIF Ex-Top 100 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.
