DynaSIF Active Asset Allocator Long-Short Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Updated: 18 Sept 2026 • 9:09 am

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DynaSIF Active Asset Allocator Long-Short Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

DynaSIF Active Asset Allocator Long-Short Fund Direct Growth Plan currently has a NAV of ₹10.5332 as of 16 Sep 2026 and an AUM of ₹214 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%, and the scheme sits in the Low Risk category.

Our view is that the fund looks more like a conservative, actively allocated multi-asset style portfolio than a standard equity fund. The return history is still very short because the scheme launched on 25 Mar 2026, so the better read is on its early behaviour, asset mix and benchmark comparison rather than on long-term track record.

Table of Contents

Quick facts

Particular	Details
NAV	₹10.5332 as of 16 Sep 2026
AUM	₹214 Cr
Expense Ratio	0.0%
Launch Date	25 Mar 2026
Min SIP	₹20,000
Risk Category	Low Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	0.50% on or before 3M, Nil after 3M
Fund Managers	Harsh Aggarwal, Milan Mody, Rahul Khetawat, Pranav Mise

The fund is managed by Harsh Aggarwal, Milan Mody, Rahul Khetawat and Pranav Mise.

Source data date: as of 16 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-0.14%	-3.66%
3M	1.82%	-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 window matters here because the scheme was launched only in March 2026. Even so, the recent pattern is more stable than the benchmark in both 1-month and 3-month periods, and that matters for a fund with a Low Risk tag. The fund’s 1-month return of -0.14% is only slightly negative, while the Nifty 50 is down more sharply over the same period.

Over 3 months, the fund is positive at 1.82% while the benchmark remains negative. That does not prove a durable edge, but it does show that the portfolio construction has not simply tracked the benchmark’s weakness over the period. For a new launch, this kind of relative steadiness is more useful than a short burst of upside.

Because the 1-year, 3-year and 5-year figures are not available yet in a meaningful trailing sense, we do not read too much into the lack of long-history compounding. Our view is that investors should focus on how the fund behaves across different market phases, especially because the benchmark comparison so far is materially better than the index over the same windows.

Source data date: as of 16 Sep 2026

Should you BUY or HOLD DynaSIF Active Asset Allocator 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 Active Asset Allocator Long-Short? Thinking of investing now?

Get your portfolio analysed for FREE by SEBI-registered Investment Adviser (RIA) through Univest MF Premium

Peer comparison

Fund	1Y return	3Y return	5Y return
DynaSIF Active Asset Allocator 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. The comparison is limited because none of the peer return fields are available in a usable way, so the short-term reading rests mainly on the current fund’s own recent behaviour. Even with that limitation, the fund’s 1-month and 3-month returns appear steadier than the benchmark, which is a constructive sign for a Low Risk scheme. The longer-horizon peer comparison does not separate the funds on return history, so the practical distinction is currently in portfolio construction and early-period stability rather than in a published track record.

Source data date: as of 16 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
8.95% Vedanta Limited (16/03/2029)	Corporate Debt	7.06%
9% Ikf Finance Limited (27/07/2029) **	Corporate Debt	6.95%
Net Receivables / (Payables)	Cash & Cash Equivalents and Net Assets	5.4%
Gold	Gold	5.32%
National Highways Infra Trust	Finance	5.18%
9% Piramal Finance Limited (28/06/2027) **	Corporate Debt	4.68%
8.3% Adani Power Limited (25/01/2030) **	Corporate Debt	4.65%
9.1% SK Finance Limited (09/10/2028) **	Corporate Debt	4.65%
Embassy Office Parks Reit	Finance	4.57%
Bagmane Prime Office Reit	Reits & Invits	3.64%

The largest holding is 8.95% Vedanta Limited (16/03/2029) at 7.06%, and the next few positions remain close enough to suggest a fairly distributed core rather than a single dominant bet. The fall from the first holding to the tenth is gradual, with the tenth position still at 3.64%. That shape may help reduce dependence on any one issuer or asset class.

The top 10 holdings together account for approximately 52.1% of the portfolio, and the disclosed list covers 39 holdings in total. That means the fund is not concentrated only in a handful of positions, but the displayed names still carry meaningful influence because the top slice is over half the portfolio. In our view, the mix of corporate debt, gold, REITs and INVITs suggests a diversified construction that could behave differently from a plain equity portfolio.

To see all holdings, visit the DynaSIF Active Asset Allocator Long-Short Fund Direct Growth Plan page

Source data date: as of 16 Sep 2026

Who should invest

This fund fits investors who are comfortable with a Low Risk tag but still want an actively constructed portfolio that is not limited to standard equity exposure. The early return pattern is modest, and the benchmark comparison so far has been better than the Nifty 50 over the same recent windows, which may appeal to investors who value steadier behaviour over sharp upside. The trade-off is that the scheme is very new, so there is no long history yet to judge consistency across full market cycles.

Its portfolio mix also matters. The presence of corporate debt, gold, REITs and INVITs may suit investors looking for diversification within one scheme, especially over a medium to longer horizon. The main expectation to keep in mind is that the fund may behave differently from a pure equity fund, with smoother moves in some periods but less scope for equity-style upside.

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 16 Sep 2026

Frequently asked questions

What is the current NAV of DynaSIF Active Asset Allocator Long-Short Fund Direct Growth Plan?

The current NAV is ₹10.5332 as of 16 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%, but the scheme was launched only on 25 Mar 2026, so these longer trailing figures are not yet meaningful as a full history.

How has the fund compared with the Nifty 50 recently?

It has held up better than the Nifty 50 in the recent periods shown. The fund is -0.14% over 1 month and 1.82% over 3 months, while the benchmark is -3.66% and -3.71% over the same periods.

How does the fund compare with its peers on return data?

The peer return fields are not available in a usable way, so there is no reliable return-based separation across the peer set. The current fund’s own short-term behaviour is the more useful comparison point for now.

Is there a minimum SIP for this fund?

No minimum SIP is stated in the available fund details, so we do not list one here.

What are the fund manager, risk category and exit load details?

The fund is managed by Harsh Aggarwal, Milan Mody, Rahul Khetawat and Pranav Mise. It is classified as Low Risk, and the exit load is 0.50% if units are sold within 3 months and nil after 3 months.

Bottom line

This is a new Low Risk scheme with a short but relatively steady early record. Its recent returns have held up better than the benchmark, while the longer-horizon figures are still not informative because the fund launched in March 2026. The portfolio is diversified across debt, gold, REITs and INVITs, which may help explain the smoother profile. For investors who want a cautious, diversified allocation and can accept the limited track record, it may be worth closer monitoring.

Published on 18 September 2026 at 9:06 AM IST

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.