Qsif Hybrid Long-Short Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 18, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Qsif Hybrid Long-Short Fund Direct Growth Plan currently has a NAV of ₹13.0913 as of 17 Sep 2026 and an AUM of ₹213 Cr. Its 1-year, 3-year and 5-year returns are 18.15%, 24.06% and Data not available, and it sits in the Medium Risk category. Our view is that the fund has delivered a notably stronger recent pattern than its benchmark, while its portfolio mix and cash-heavy positioning suggest a more controlled stance than an all-equity approach.
That said, the return history is still very short because the scheme launched on 15 Oct 2025, so the record is not yet long enough to judge through a full market cycle. The available numbers indicate a fund that has held up well against the Nifty 50, but investors should treat it as a newer strategy with limited long-term history rather than a mature track record.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹13.0913 as of 17 Sep 2026 |
| AUM | ₹213 Cr |
| Expense Ratio | 0.0% |
| Launch Date | 15 Oct 2025 |
| Min SIP | ₹1,000 |
| Risk Category | Medium Risk |
| Benchmark | Nifty 50 |
| Exit Load | 1% on or before 15D, Nil after 15D |
| Fund Managers | Sandeep Tandon, Sameer Kate, Jignesh Shah, Ankit Pande |
The fund is managed by Sandeep Tandon, Sameer Kate, Jignesh Shah and Ankit Pande.
Source data date: as of 17 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | 18.15% | -3.66% |
| 3M | 24.06% | -3.71% |
| 1Y | Data not available | Data not available |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
The short-term picture is strong. Over 1 month and 3 months, the fund has advanced while the benchmark has been negative, which tells us the scheme has recently behaved very differently from the Nifty 50 and has protected momentum better in a weak market backdrop.
The daily path also looks uneven rather than linear. There are stretches of flat movement followed by sharper jumps and a small pullback near the end, which suggests the fund can move in steps rather than in a smooth line. That pattern usually fits a strategy that relies on active positioning and selective exposure rather than broad market beta alone.
Because the scheme launched only in October 2025, there is no 1-year, 3-year or 5-year return history available yet. That makes the recent numbers useful, but only as an early read on how the fund has behaved so far. Our view is that the current evidence is encouraging on a short horizon, while still too limited for a full cycle judgment.
Compared with the benchmark, the fund is clearly ahead in the available recent windows. The more important question for investors is whether that short-run edge can continue once the scheme builds a longer record through different market conditions.
Source data date: as of 17 Sep 2026
Should you BUY or HOLD Qsif Hybrid Long-Short?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding Qsif Hybrid Long-Short? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Qsif Hybrid Long-Short Fund Direct Growth Plan | Data not available | Data not available | Data not available |
| Baroda BNP Paribas Gold ETF FoF Direct Growth Plan | 34.39% | Data not available | Data not available |
| HDFC Innovation Fund Direct Growth Plan | 14.3% | Data not available | Data not available |
| Bajaj Finserv Small Cap Fund Direct Growth Plan | 13.33% | Data not available | Data not available |
| Quant Equity Savings Fund Direct Growth Plan | 8.75% | Data not available | Data not available |
| Kotak Active Momentum Fund Direct Growth Plan | 6.31% | Data not available | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
The fund’s available short-term return is lower than the strongest peer figure in this set, but it is still ahead of the lower recent readings among the comparison funds. Because the peers shown here do not have usable 3-year or 5-year figures, the longer-term comparison cannot be stretched beyond the current 1-year window. That means the short-term peer story is clear, while the longer-term peer story remains incomplete.
Source data date: as of 17 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| TREPS 03-Aug-2026 Depo 10 | Cash & Cash Equivalents and Net Assets | 26.98% |
| Adani Energy Solutions Limited | Power | 8.58% |
| Sidbi CD 27-Oct-2026 | Certificate of Deposit | 6.91% |
| JSW Infrastructure Limited | Logistics | 6.51% |
| Caliber Mining and Logistics Limited | Trading | 6.14% |
| India Grid Trust (Invit) | Finance | 5.64% |
| Bagmane Prime Office Reit | Reits & Invits | 4.92% |
| Muthoot Finance Ltd CP 08-Sep-2026 | Commercial Paper | 4.65% |
| 6.28% GOI 14-July-2032 | Government Securities | 4.61% |
| Canara Bank CD 29-Jun-2027 | Certificate of Deposit | 4.4% |
The top 10 holdings account for approximately 79.34% of the portfolio.
To see all holdings, visit the Qsif Hybrid Long-Short Fund Direct Growth Plan page
The largest holding, TREPS 03-Aug-2026 Depo 10, carries a weight of 26.98%, so cash and near-cash instruments appear to be a meaningful part of the visible portfolio. That single position is much larger than the next holding at 8.58%, which shows a sharp drop from the first slot to the rest of the list.
After the first few positions, the weights compress into a narrower band between roughly 4% and 7%. That shape may indicate a portfolio where one liquidity sleeve and a small set of selected positions could have greater influence than the rest of the disclosed basket.
The displayed holdings cover 79.34% across 10 positions, while 23 holdings are disclosed overall. That combination suggests the portfolio is reasonably concentrated at the top, but not entirely dependent on a single bet. The remaining tail may still matter, yet the visible list already explains most of the fund’s structure.
Source data date: as of 17 Sep 2026
Who should invest
This fund may suit investors who are comfortable with a Medium Risk profile and who can stay invested long enough to let a newer strategy prove itself beyond the first stretch of performance. The recent return pattern is ahead of the benchmark in the available short windows, but the scheme does not yet have a full 1-year, 3-year or 5-year record. That makes patience important.
The fund may appeal to investors who want a portfolio that is not fully driven by broad market movements, since the visible holdings include a large cash-like sleeve alongside a mix of listed equity, debt and market-linked instruments. The main trade-off is that the fund’s early strength comes with limited history, so the decision is less about chasing a long record and more about accepting a young track record with a more controlled-looking structure.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load: 1% on or before 15D, Nil after 15D
Source data date: as of 17 Sep 2026
Frequently asked questions
What is the current NAV of Qsif Hybrid Long-Short Fund Direct Growth Plan?
The current NAV is ₹13.0913 as of 17 Sep 2026.
What are the fund’s recent returns?
The fund’s 1-month return is 18.15% and its 3-month return is 24.06%. The 1-year, 3-year and 5-year return fields are not available yet.
How does it compare with the benchmark?
In the available short windows, the fund has outpaced the Nifty 50 benchmark, which posted -3.66% over 1 month and -3.71% over 3 months. That points to a better recent run than the benchmark.
How does it compare with peer funds on recent returns?
Its available short-term return is below the strongest peer figure in the comparison set, but it is still ahead of the lower recent peer readings shown there. The longer-term peer comparison is limited because the available 3-year and 5-year figures are not present for those funds.
What is the minimum SIP amount?
The minimum SIP amount is ₹1,000.
What is the risk profile, portfolio shape and exit load?
The fund is in the Medium Risk category. Its visible portfolio is led by a 26.98% TREPS position, and the exit load is 1% on or before 15D, Nil after 15D. The fund is managed by Sandeep Tandon, Sameer Kate, Jignesh Shah and Ankit Pande.
Bottom line
Qsif Hybrid Long-Short Fund Direct Growth Plan has started with a stronger short-term pattern than the benchmark, but it still lacks a long record, so the early numbers should be read as a beginning rather than a conclusion. In the peer set shown here, its recent return sits below the strongest figure but remains ahead of the weaker recent readings. The Medium Risk label, the cash-heavy leading holding and the mixed portfolio make it a fund for investors who can accept a newer track record and want a structure that is not purely equity-driven.
Published on 18 September 2026 at 8:37 AM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.