CS
Chinmay Sathe
Mandate teamEquity Ex-Top 100 strategy
The Wealth Company MF Mutual Fund
SIFPrime
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FundsWSIF Ex-Top 100
The Wealth Company MF Mutual Fund
WSIF Ex-Top 100 Long-Short Fund
Equity Ex-Top 100Ex top 100
01 SIFPrime research brief
An ex-top-100 long-short mandate built for selective mid and small-cap alpha.
WSIF 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
₹10.5511
NAV date pending
Core idea
Ex-top 100
Ex top 100
Team depth
1 manager
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
+5.55%
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 (%)
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.
Awaiting the next AMC disclosure. Latest verified data is from 31 May 2026.Usually reported every 2 monthsPortfolio lines54Top 10 concentration38.21%
Portfolio sleeves
Listed equity
longequity share35 disclosed lines
All rows stay inside this fixed view. Scroll to inspect long and short positions without changing the page layout.
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.
Ex-top-100 equity universe
Min
--
Max
65%+
Portfolio focus outside the largest listed companies
Hedged / tactical derivatives
Min
--
Max
As per SID
Used for hedging, rebalancing and alpha expression
Unhedged shorts
Min
--
Max
0-25%
SEBI SIF short-exposure cap
Debt and cash
Min
--
Max
Liquidity sleeve
Supports settlement and redemption needs
Benchmark: Nifty Midcap 150
04 Fund managers
Lead fund manager for 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.
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
mid + small cap exposure
boutique fund preference
new entrant opportunity
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
01
Scheme Information Document
Mandate, portfolio bands, risk factors, benchmark and operating terms.
02
Key Information Memorandum
Quick-reference investor disclosure and application information.
03
Statement of Additional Information
AMC, trustee, taxation, legal and investor-rights disclosures.
04
Monthly factsheet and portfolio disclosure
NAV, TER, allocation and portfolio updates when regular publications are available.
Investor terms
Cost and access snapshot
Allotment / inception
11 May 2026
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 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
WSIF Ex-Top 100 Long-Short
Fund house
The Wealth Company MF Mutual Fund
Mandate
Ex top 100
Current fund
Fund
iSIF Ex-Top 100
Fund house
ICICI Prudential Mutual Fund
Mandate
Ex top 100
Live
Fund
qSIF Ex-Top 100
Fund house
Quant Mutual Fund
Mandate
Quantitative
Live
Fund
Altiva Equity Ex-Top 100 Long-Short
Fund house
Edelweiss Mutual Fund
Mandate
Multi strategy
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 WSIF Ex-Top 100
- 01
WSIF 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 WSIF Ex-Top 100 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.
Next research
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Investor questions
Frequently asked questions
What is WSIF Equity Ex-Top 100 Long-Short?+-
WSIF Equity Ex-Top 100 Long-Short is an equity Specialized Investment Fund that invests primarily in companies outside the top 100 by market capitalization (mid- and small-cap focused), with limited short exposure via derivatives, managed by The Wealth Company 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.
Is WSIF Ex-Top 100 a safe investment?+-
Higher risk than a top-100 equity SIF — mid- and small-caps are inherently more volatile, and the derivative-based short overlay does not fully neutralise that. Suited for investors with high risk tolerance and a 3+ year horizon. WSIF Ex-Top 100 is regulated by SEBI under the SIF framework, has the same custodian, audit and disclosure standards as a mutual fund, and the AMC The Wealth Company 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 WSIF Ex-Top 100 above.
How is WSIF Ex-Top 100 different from a regular mutual fund?+-
Unlike a conventional mutual fund, WSIF Ex-Top 100 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 WSIF Ex-Top 100 returns taxed in India?+-
WSIF Ex-Top 100 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 WSIF Ex-Top 100?+-
WSIF Ex-Top 100'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 WSIF Ex-Top 100?+-
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 WSIF Ex-Top 100 with other SIFs?+-
Use the SIFPrime side-by-side comparison tool at /sif-compare to compare WSIF Ex-Top 100 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.