DynaSIF 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
DynaSIF Equity Ex-Top 100 Long-Short Fund Direct Growth Plan currently has a NAV of ₹11.1344 as of 17 September 2026 and an AUM of ₹150 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%, and the scheme sits in the High Risk bucket. Our view is that this is a fund for investors who can accept sharp swings and want to track a strategy that is still too new for long performance evidence.
It has a low expense ratio of 0.0% and is benchmarked against Nifty 50. The early return profile is modestly positive over the latest month, but the fund still needs a longer track record before it can be judged on persistent compounding rather than launch-phase behaviour.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹11.1344 as of 17 Sep 2026 |
| AUM | ₹150 Cr |
| Expense Ratio | 0.0% |
| Launch Date | 24 Jun 2026 |
| Min SIP | ₹20,000 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Equity |
| Exit Load | 0.50% on or before 3M, Nil after 3M |
| Fund Managers | Harsh Aggarwal, Mayur Patel, Milan Mody, Pranav Mise |
The fund is managed by Harsh Aggarwal, Mayur Patel, Milan Mody, and Pranav Mise.
Source data date: as of 17 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | 1.86% | -3.66% |
| 3M | Data not available | Data not available |
| 1Y | 0% | Data not available |
| 3Y | 0% | Data not available |
| 5Y | 0% | Data not available |
The most recent month has been better for the fund than for the benchmark, which makes the opening read more encouraging than the benchmark’s decline. That said, one month is too short to treat as proof of a durable edge, especially for a fund launched only in June 2026.
The longer horizon figures are still not meaningful in a practical sense because the fund has not built a multi-year history yet. For now, the return pattern tells us more about early-stage stability than about a tested compounding record.
The time pattern visible in the latest month suggests a fairly steady drift higher after a small early bump and a brief mid-period soft patch, while the benchmark moved lower over the same span. That relative split is useful, but it should be read as an initial sign rather than a complete performance verdict.
In our view, the key question is not whether the fund has beaten a volatile benchmark over a short window, but whether it can preserve that relative resilience as assets, positions and holding-period outcomes mature.
Source data date: as of 17 Sep 2026
Should you BUY or HOLD DynaSIF 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 DynaSIF Equity Ex-Top 100 Long-Short? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| DynaSIF Equity Ex-Top 100 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.
On the latest available short-window comparison, this fund has a positive 1-month return while the benchmark is negative, so the early drift looks more resilient than the index. Among the peer set shown here, the other funds do not yet provide usable return histories, so the comparison is limited to the figures that are actually available.
That makes the message mixed rather than definitive. The fund’s recent edge against the benchmark is encouraging, but the absence of usable 3-year and 5-year peer histories means we cannot place that short-term result into a broader competitive frame yet.
Source data date: as of 17 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Indo-Mim Limited | Domestic Equities | 5.32% |
| Redington Limited | Trading | 4.17% |
| Ujjivan Small Finance Bank Limited | Bank | 3.83% |
| Iifl Finance Limited | Finance | 3.67% |
| One 97 Communications Limited | IT | 3.13% |
| Wework India Management Limited | Domestic Equities | 2.99% |
| Biocon Limited | Healthcare | 2.97% |
| JK Cement Limited | Construction Materials | 2.77% |
| Aditya Infotech Limited | Domestic Equities | 2.71% |
| Onesource Specialty Pharma Limited | Domestic Equities | 2.71% |
The largest disclosed holding is Indo-Mim Limited at 5.32%, which is meaningful but not oversized for a concentrated equity strategy. The drop from the first holding to the tenth is fairly measured: the tenth position still carries 2.71%, so the portfolio does not rely on one dominant name.
The top 10 holdings together account for approximately 34.27% of the portfolio, and the disclosed holdings count stands at 50. That combination suggests a structure where the leading names may influence outcomes, but there is still a long tail behind them, which can soften single-position dependence.
We would read this as moderately concentrated rather than highly concentrated. Several positions sit in the 2.7% to 4.2% range, so portfolio behaviour may be shaped by a cluster of mid-sized bets rather than by one extreme anchor.
To see all holdings, visit the DynaSIF Equity Ex-Top 100 Long-Short Fund Direct Growth Plan page
Source data date: as of 17 Sep 2026
Who should invest
This fund is more suitable for investors who can tolerate High Risk and are comfortable with a strategy that is still very early in its life. The short-term return pattern is better than the benchmark over the latest month, but the lack of a meaningful multi-year history means the longer-horizon outcome is still untested.
The main trade-off is between the possibility of differentiated short-term behaviour and the uncertainty that comes with a very short record. Investors with a longer horizon and a willingness to accept uneven outcomes may find that acceptable; those who want a more established long-term track record may prefer to wait.
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: 0.50% if units are sold within 3 months; nil after 3 months.
Source data date: as of 17 Sep 2026
Frequently asked questions
What is the current NAV of DynaSIF Equity Ex-Top 100 Long-Short Fund Direct Growth Plan?
The current NAV is ₹11.1344 as of 17 September 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 it compared with the benchmark recently?
Over the latest month, the fund returned 1.86% while the benchmark returned -3.66%. That makes the short-term read more resilient than the benchmark, although the track record is still young.
What is the minimum SIP amount?
The minimum SIP amount is ₹20,000.
What risk category does the fund fall under?
The fund is placed in the High Risk category. Its portfolio is spread across 50 holdings, with the top 10 accounting for approximately 34.27% of the portfolio.
Who manages the fund and what is the exit load?
The fund is managed by Harsh Aggarwal, Mayur Patel, Milan Mody, and Pranav Mise. The exit load is 0.50% if units are sold within 3 months and nil after 3 months.
Bottom line
This fund’s recent behaviour is better than its benchmark over the latest month, but its longer-term record is not yet meaningful because it launched only in June 2026. The peer set shown here does not yet offer usable return histories, so the clearest read is still the fund’s own early-stage pattern rather than a settled competitive standing. Its High Risk label and 50-holding portfolio suggest outcomes may be uneven, but the top holdings are not excessively dominant. That makes it a fit mainly for investors who can tolerate uncertainty and want exposure to an early, actively structured long-short strategy.
Published on 18 September 2026 at 9:36 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.