WSIF Equity Long-Short Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 21, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
WSIF Equity Long-Short Fund Direct Growth Plan has a NAV of ₹10.463 as of 18 Sep 2026 and an AUM of ₹33 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%, and the fund sits in the High Risk category. Our view is that this is still a very young strategy, so the numbers are not yet deep enough to judge a long record, but the early pattern calls for investors to be comfortable with uncertainty and with returns that can move around.
The fund has a Nifty 50 benchmark, a direct growth structure and no exit load. Because the portfolio is still building and the short history is mixed, it looks more suitable for investors who want to track how the strategy behaves through different market phases than for those seeking a mature, steady return profile.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹10.463 as of 18 Sep 2026 |
| AUM | ₹33 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 18 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -2.58% | -3.73% |
| 3M | 0.09% | -3.14% |
| 1Y | 0% | Data not available |
| 3Y | 0% | Data not available |
| 5Y | 0% | Data not available |
The recent pattern looks uneven. Over 1 month, the fund declined, but the fall was milder than the benchmark’s drop. Over 3 months, the fund turned slightly positive while the benchmark remained negative, which suggests the strategy has shown some resilience in the shorter window.
The longer windows do not yet give us a meaningful compounding story because the fund has only recently launched. That matters more than the headline zeros: we can read the near-term path, but not a mature track record. For now, the fund’s behaviour is better viewed as an early test of how the long-short approach handles market swings rather than as evidence of a settled return pattern.
Against the benchmark, the fund has been ahead over both short windows that are available. The 1-month spread is modest, but the 3-month gap is clearer and points to a less negative path than the index during the same period. That said, the short history means the picture can change quickly as the portfolio develops.
Our overall read is that the fund has not yet built a long record, but the early performance does suggest some defensive traits versus the benchmark in the recent windows. Investors should treat it as an early-stage equity strategy with limited history rather than a fully proven long-term compounder.
Source data date: as of 18 Sep 2026
Should you BUY or HOLD WSIF Equity 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 Long-Short? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| WSIF Equity Long-Short Fund Direct Growth Plan | 0% | 0% | 0% |
| 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.
The current fund has only brief performance history, so its short-window numbers matter more than any long-window comparison here. On that basis, it has been less negative than the benchmark in the recent periods, while the other peer rows do not yet offer usable return histories for a like-for-like comparison. The key story is therefore not a competitive long record, but an early sign that its recent path has been less weak than the index.
Source data date: as of 18 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Net Receivable/Payable | Cash & Cash Equivalents and Net Assets | 15.11% |
| HDFC Bank Limited | Bank | 6.21% |
| JSW Infrastructure Limited | Logistics | 4.70% |
| Reliance Industries Limited | Crude Oil | 3.57% |
| Bharat Electronics Limited | Capital Goods | 3.45% |
| Infosys Limited | IT | 3.35% |
| Larsen & Toubro Limited | Infrastructure | 3.27% |
| Maruti Suzuki India Limited | Automobile & Ancillaries | 3.17% |
| HDFC Life Insurance Company Limited | Insurance | 2.93% |
| Ambuja Cements Limited | Construction Materials | 2.56% |
The largest disclosed holding is Net Receivable/Payable at 15.11%, which is sizeable for a single line and may affect short-term portfolio behaviour more than a smaller cash or equity slice would. After that, the weights step down fairly quickly into mid-single digits, with HDFC Bank at 6.21% and then a cluster between 4.70% and 2.56% across the remaining top ten.
The fall from the largest item to the tenth is steep enough to suggest that the disclosed book is not dominated by one or two traditional equity positions alone. At the same time, the top ten already account for 48.32% of the portfolio, while 45 holdings are disclosed in total, so the fund appears to spread the rest of the exposure across a longer tail. That mix can create a balance of concentrated influence at the top and broader diversification below it.
Because the top line is cash and net assets rather than a stock, the portfolio may also be carrying some flexibility as it builds positions. For investors, that can mean the strategy is still evolving and that the disclosed top weights could continue to matter more than a stable, fully formed long-only equity basket.
To see all holdings, visit the WSIF Equity Long-Short Fund Direct Growth Plan page
Source data date: as of 18 Sep 2026
Who should invest
This fund suits investors who can handle High Risk exposure and are comfortable with an early-stage equity strategy that does not yet have a long performance record. The short-term numbers have been steadier than the benchmark in the recent windows, but the absence of a true long track record means the outcome remains difficult to judge over a full cycle.
It is better aligned with an investment horizon long enough to let the strategy mature and show whether the recent resilience persists. The main trade-off is between the possibility of differentiated short-term behaviour and the uncertainty that comes with a young fund and an evolving portfolio 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: No exit load.
Source data date: as of 18 Sep 2026
Frequently asked questions
What is the current NAV of WSIF Equity Long-Short Fund Direct Growth Plan?
The current NAV is ₹10.463 as of 18 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year, 3-year and 5-year returns are 0%, 0% and 0%.
How has the fund performed versus the benchmark recently?
It has been less weak than the Nifty 50 in the recent windows available. Over 1 month, the fund fell less than the benchmark, and over 3 months it was slightly positive while the benchmark was negative.
What is the risk category of this fund?
The fund is classified as High Risk. That fits a strategy where the early return record is limited and the portfolio is still developing.
Who manages the fund?
The fund is managed by Chinmay Sathe.
What does the portfolio look like at the top end?
The largest disclosed holding is Net Receivable/Payable at 15.11%, followed by HDFC Bank Limited at 6.21%. The top ten disclosed holdings together account for 48.32% of the portfolio.
Bottom line
WSIF Equity Long-Short Fund Direct Growth Plan shows a short-term pattern that is somewhat better than the benchmark, but it does not yet have a long history that lets us judge durable compounding. The fund sits in the High Risk category, and the portfolio is led by a large cash or net asset position alongside a spread of equity holdings. That makes it more appropriate for investors who are willing to track a young strategy through time and accept uncertainty about how it will behave across a full cycle.
Published on 21 September 2026 at 10:40 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.