WSIF Equity Ex-Top 100 Long-Short Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 18, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
WSIF Equity Ex-Top 100 Long-Short Fund Direct Growth Plan is an equity scheme with a current NAV of ₹10.6346 as of 17 Sep 2026 and AUM of ₹48 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%, and the fund falls in the High Risk category. In our view, it is still too early to read a stable long-term pattern from the return record, so investors are mainly looking at the fund’s mandate, portfolio mix and risk tolerance at this stage.
The scheme has only recently launched, so the current numbers point more to a new product in formation than to a tested long-term track record. The combination of a high-risk label, limited performance history and a portfolio with meaningful cash-like exposure means it may suit investors who can tolerate uncertainty and want to follow the strategy over time rather than expect a mature return history today.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹10.6346 as of 17 Sep 2026 |
| AUM | ₹48 Cr |
| Expense Ratio | 0.0% |
| Launch Date | 06 May 2026 |
| Min SIP | ₹1,000 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Equity |
| Exit Load | No exit load |
| Fund Managers | Chinmay Sathe |
The fund is managed by Chinmay Sathe.
Source data date: as of 17 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -1.59% | -3.66% |
| 3M | 1.53% | -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 record is mixed but not without some resilience. Over one month, the fund slipped 1.59%, yet the benchmark was weaker, so the scheme held up better than the index in that stretch. Over three months, the fund moved ahead with a 1.53% return while the benchmark stayed in negative territory. That suggests the strategy has been able to add value in a choppy short-term setting even though the absolute numbers remain modest.
The time pattern also points to uneven movement rather than a smooth climb. The one-month path showed a brief improvement followed by a pullback, while the three-month path improved steadily in the middle before easing later. That kind of pattern is common in a young equity strategy, but it also means investors should expect swings rather than a straight-line outcome.
Because the scheme launched only in May 2026, there is no meaningful long-horizon record to compare with the benchmark at 1-year, 3-year or 5-year horizons. Our view is that the more useful question today is whether the fund can continue to show relative steadiness against the Nifty 50 as its history lengthens.
Source data date: as of 17 Sep 2026
Should you BUY or HOLD WSIF Equity Ex-Top 100 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 WSIF Equity Ex-Top 100 Long-Short? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| WSIF Equity Ex-Top 100 Long-Short Fund Direct Growth Plan | Data not available | Data not available | Data not available |
| Magnum Equity Ex-Top 100 Long-Short Fund Direct Growth Plan | Data not available | Data not available | Data not available |
| Arudha Equity Long-Short Fund Direct Growth Plan | Data not available | Data not available | Data not available |
| iSIF Active Asset Allocator Long-Short Fund Direct Growth Plan | Data not available | Data not available | Data not available |
| Arthaya Equity Long Short Fund Direct Growth Plan | Data not available | Data not available | Data not available |
| iSIF Hybrid Long-Short Fund Direct Growth Plan | Data not available | Data not available | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
On the limited return history available, the fund looks broadly in line with the peer set in the sense that no peer has a published positive multi-year record here. The current scheme’s short-term numbers are modestly better than the benchmark, which is a useful sign for a new launch. But because the peer return fields are also unavailable, the comparison mainly shows that the category itself is still in a very early stage rather than proving one scheme has a durable edge.
That makes the short-term comparison more informative than the long-term one. The fund has shown some relative firmness versus the benchmark in recent periods, while the longer-horizon peer view does not yet offer a meaningful contrast. For now, investors should read the peer table as a reminder that this is a developing category, not as a basis for judging established long-run separation.
Source data date: as of 17 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Net Receivable/Payable | Cash & Cash Equivalents and Net Assets | 17.04% |
| JSW Infrastructure Limited | Logistics | 4.63% |
| HDFC Bank Limited | Bank | 4.48% |
| ICICI Prudential Life Insurance Company | Insurance | 4.34% |
| Niva Bupa Health Insurance Company Ltd. | Insurance | 2.95% |
| Balkrishna Industries Limited | Automobile & Ancillaries | 2.79% |
| Eureka Forbes Ltd | Consumer Durables | 2.5% |
| Alkem Laboratories Limited | Healthcare | 2.49% |
| Finolex Cables Ltd | Electricals | 2.45% |
| Alembic Pharmaceuticals Limited | Healthcare | 2.43% |
The largest disclosed holding is Net Receivable/Payable at 17.04%, which is materially larger than any single equity position in the list. After that, the weights step down quickly into the mid-4% range and then into the low-2% range by the tenth holding. That drop suggests the visible part of the portfolio is not evenly spread across the top names.
The top 10 holdings together account for approximately 46.1% of the portfolio, and the fund has 45 disclosed holdings in total. That points to a mix where a few positions may matter a lot, but there is also a longer tail beyond the visible leaders. The cash-and-net-assets line at the top also means part of the portfolio may currently sit in a more defensive or transitional allocation, which could reduce immediate equity concentration but may also affect how the strategy behaves in strong market rallies.
To see all holdings, visit the WSIF Equity Ex-Top 100 Long-Short Fund Direct Growth Plan page
Source data date: as of 17 Sep 2026
Who should invest
This fund suits investors who can tolerate High Risk and are comfortable with a young strategy that has not yet built a long performance record. The available history shows short-term movements that have been somewhat better than the benchmark, but there is no 1-year, 3-year or 5-year record to lean on, so the investment case depends more on patience than on a proven long-run track record.
A longer horizon would be more appropriate than a short one, simply because the scheme is still new and the portfolio may evolve as assets and positions settle. Investors who want a very stable return path or who need a long record for decision-making may find the uncertainty harder to accept. The main trade-off is the possibility of early relative resilience versus the absence of a mature history and the higher volatility that comes with a High Risk profile.
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 |
No exit load.
Source data date: as of 17 Sep 2026
Frequently asked questions
What is the current NAV of WSIF Equity Ex-Top 100 Long-Short Fund Direct Growth Plan?
The current NAV is ₹10.6346 as of 17 Sep 2026.
How has the fund performed over 1 month and 3 months?
The fund returned -1.59% over 1 month and 1.53% over 3 months. The benchmark returned -3.66% and -3.71% over those same periods.
Are 1-year, 3-year and 5-year returns available?
No, the 1-year, 3-year and 5-year returns are not available for this fund yet. The scheme launched on 06 May 2026, so its public record is still very short.
How does the fund compare with its benchmark?
It has held up better than the Nifty 50 over both the 1-month and 3-month periods. That is a useful early sign, but it is still too soon to draw a long-term conclusion.
What is the minimum SIP amount?
The minimum SIP amount is ₹1,000.
What is the exit load and who manages the fund?
There is no exit load. The fund is managed by Chinmay Sathe.
Bottom line
WSIF Equity Ex-Top 100 Long-Short Fund Direct Growth Plan is still building its record, so recent performance matters more than any long-run conclusion today. The short-term numbers have been better than the benchmark, but the absence of 1-year, 3-year and 5-year history keeps the picture incomplete. The High Risk label, the sizeable cash-and-net-assets position and the broad 45-holding disclosure suggest a strategy that may evolve meaningfully over time rather than one already settled into a mature pattern. It is most relevant for investors who can accept uncertainty and follow a developing fund patiently.
Published on 18 September 2026 at 9:16 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.