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SIFPrime
TA
Tata Mutual Fund
NFO OPEN

Titanium Equity Long-Short Fund

Equity Long-Short80–100% EquityUp to 25% Unhedged ShortNifty 500 TRI BenchmarkDaily Subscription / RedemptionRisk Band 5

NFO Price

₹10

Per unit

NFO Opens

27 Apr

2026

NFO Closes

11 May

2026

Re-opens

20 May

2026

Risk Band

Level 5

Higher Risk

Min Investment

₹10L

₹1 multiples

AMC:Tata Mutual Fund
Category:Equity Long-Short
Benchmark:Nifty 500 TRI
NFO:27 Apr – 11 May 2026
Min:₹10,00,000
Exit Load:1% < 1M
⚡ NFO Open — Subscribe before 11 May 2026New Launch

NFO Opens

27 Apr 2026

NFO Closes

11 May 2026

NFO Price

₹10

Min Investment

₹10,00,000

Tata Mutual Fund's second SIF strategy and its first equity-only long-short fund. Offering price is ₹10 per unit during the NFO; the Investment Strategy re-opens for continuous Sale and Repurchase on 20 May 2026. Accredited investors are eligible at a reduced minimum application of ₹1,00,000.

Investment objective

To generate medium to long term capital appreciation by investing in listed equity and equity related instruments including limited short exposure in equity through derivative instruments. There is no assurance that the investment objective of the Investment Strategy will be achieved.

Strategy & allocation

Equity & equity-related 80–100%Unhedged short via derivatives 0–25%Debt & money market 0–20%InvITs 0–20%Stock lending ≤ 20% (≤ 5% per intermediary)Cumulative gross ≤ 100% net assets

Titanium Equity Long-Short is a long-biased equity strategy investing across large, mid and small cap names. The fund pairs an 80–100% equity core with a limited unhedged short sleeve of up to 25% of net assets, implemented through stock and index derivatives — per SEBI's SIF framework circular dated 27 February 2025.

The fund manager may toggle between unhedged long-only, partially-hedged or fully-hedged long-only constructions, alongside up to 25% unhedged shorts. Cumulative gross exposure (equity, debt, derivatives, repos and CDS) is capped at 100% of net assets.

Portfolio construction options

Unhedged long-only

Long-only equity portfolio with no derivative overlay.

Partially-hedged long-only

Long equity with partial hedges via index / stock futures or options.

Fully-hedged long-only

Long equity fully hedged via index / stock futures or options.

Unhedged long-short

Long book with up to 25% naked-short via stock futures or options.

Partially-hedged long-short

Long book with partial hedges plus up to 25% naked-short positions.

Fully-hedged long with naked short

Fully-hedged long book combined with up to 25% naked-short via stock derivatives.

The fund may toggle between these construction modes for portfolio rebalancing or to reflect the manager's view on market conditions.

Investor suitability

Suitable for

  • ✓ Long-term capital appreciation seekers
  • ✓ HNIs comfortable with equity volatility
  • ✓ Investors seeking limited-short alpha overlay
  • ✓ 5+ year investment horizon
  • ✓ Investable surplus ≥ ₹10L (or ₹1L for accredited)

Not suitable for

  • ✗ Capital-protection / guaranteed-return seekers
  • ✗ Investors needing daily withdrawable liquidity
  • ✗ Short-term traders chasing intraday alpha
  • ✗ Below ₹10L investable surplus (non-accredited)
  • ✗ Low risk-tolerance profiles (Risk Band 5)

Fund management team

SN

Suraj Nanda

Fund Manager — Equity

PGDM (Finance) · Age 36 · 9+ yrs

AS

Amit Somani

Fund Manager — Fixed Income

B.Com, PGDBM, CFA · Age 46 · 19+ yrs

HV

Hasmukh Devji Vishariya

Fund Manager — Overseas

CA · Age 29 · 8+ yrs

Subscribe to Titanium NFO

Speak with our SIF specialist, or invest directly with the AMC.

Fund details

Fund houseTata Mutual Fund
CategoryEquity Long-Short
TypeOpen-ended
NFO opens27 Apr 2026
NFO closes11 May 2026
Re-opens20 May 2026
NFO price₹10 / unit
BenchmarkNifty 500 TRI
Strategy codeTSIF/O/E/ELSF/26/02/0002/TATA
ISID date9 Apr 2026

Redemption & Liquidity

SubscriptionDaily (business days)
RedemptionDaily (business days)
SettlementT+3 working days
Min additional₹1 multiples
Min redemption₹1 multiples
SIP / STP / SWPPost-NFO
ListingNot listed

Risk & compliance

Fund risk bandLevel 5
Benchmark risk bandLevel 5
Short sellingVia derivatives (≤ 25%)
Lock-in periodNone
Exit load1% if < 1M; Nil after
Segregated portfolioPermitted

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Live · Hybrid sibling

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Frequently asked questions

What is Titanium Equity Long-Short?
Titanium 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 Tata 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, with a ₹10 lakh minimum investment. The fund is benchmarked to Nifty 500 TRI.
What is the minimum investment in Titanium Equity SIF?
The minimum investment in Titanium Equity Long-Short is ₹10,00,000 (10 lakh rupees) — the SEBI-mandated floor for all Specialized Investment Funds in India. There is no upper limit. Subsequent investments through SIP or lumpsum follow the same minimum unit threshold per SEBI rules.
Is Titanium Equity SIF 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. Titanium Equity SIF is regulated by SEBI under the SIF framework, has the same custodian, audit and disclosure standards as a mutual fund, and the AMC Tata 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 Titanium Equity SIF above.
How is Titanium Equity SIF different from a regular mutual fund?
Unlike a mutual fund, Titanium Equity SIF can take unhedged short positions (up to 25% of NAV) using derivatives. This allows the fund manager to profit when stocks fall, not just when they rise. The trade-off is a higher minimum investment (₹10 lakh vs ₹500 for an MF SIP) and slightly 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 Titanium Equity SIF returns taxed in India?
Titanium Equity SIF 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 Titanium Equity SIF?
Titanium Equity SIF's TER is published in the latest Scheme Information Document and on the AMC website. 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 Titanium Equity SIF?
Titanium Equity SIF is currently in its New Fund Offer (NFO) period. You can invest in Titanium Equity SIF directly through the Tata Mutual Fund website (Direct plan), via a SEBI-registered Mutual Fund Distributor or RIA (Regular plan), or through online platforms that have onboarded SIFs. SIFPrime does not sell funds — we provide independent comparison and ratings. The minimum NFO investment is ₹10 lakh.
Where can I compare Titanium Equity SIF with other SIFs?
Use the SIFPrime side-by-side comparison tool at /sif-compare to compare Titanium Equity SIF against any other live Specialized Investment Fund in India on Alpha Shield (capital protection), since-inception return, March 2026 crash-period alpha, TER, strategy and benchmark. The /all-sifs-india-ranked-explained page also ranks all 17 SIFs end-to-end.
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