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

DynaSIF Equity Long-Short Fund Direct Growth Plan has a NAV of ₹10.4129 as of 17 Sep 2026 and a scheme AUM of ₹370 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0% respectively, and the fund carries a High Risk profile. Our view is that this is a relatively new equity strategy with a defensive cash-and-bills buffer, so it may suit investors who can accept higher uncertainty while looking for a differentiated return pattern rather than a traditional long-only equity path.

The portfolio and recent return path suggest a fund that is still building its track record. The benchmark is Nifty 50, and the fund has moved broadly close to that index over the short periods available, but the lack of a longer performance history means the present case rests more on structure and early behaviour than on proven compounding.

Quick facts

Particular	Details
NAV	₹10.4129 as of 17 Sep 2026
AUM	₹370 Cr
Expense Ratio	0.0%
Launch Date	25 Feb 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, Pranav Mise

The fund is managed by Harsh Aggarwal and Pranav Mise.

Source data date: as of 17 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-3.55%	-3.66%
3M	-1.49%	-3.71%
1Y	Data not available	Data not available
3Y	Data not available	Data not available
5Y	Data not available	Data not available

Over the shortest available windows, the fund has been slightly less weak than the benchmark. In 1 month, the fund fell by 3.55% versus 3.66% for Nifty 50, and in 3 months it was down 1.49% versus 3.71% for the benchmark. That gap matters because it shows the portfolio has not simply mirrored the index on down days; it has been able to hold up a little better in this slice of time.

The short-term pattern also looks uneven rather than steadily rising. The one-month path had a brief lift before rolling over into a softer finish, while the three-month path showed a mix of modest gains and drawdowns that ended close to flat-to-down. For investors, that means the fund is not yet displaying a clean trend of smooth compounding.

We do not have usable 1-year, 3-year or 5-year return history here, so our view has to stay cautious. The absence of those longer figures makes it difficult to judge whether the recent short-term behaviour is part of a broader process or just the early life of a newly launched strategy.

Compared with the benchmark, the fund’s recent behaviour is marginally better on a relative basis, but not strong enough to build a long-track-record case. The main takeaway is that the strategy has so far been more defensive than the index in the available windows, yet it still needs time before longer-horizon behaviour can be assessed with confidence.

Source data date: as of 17 Sep 2026

Should you BUY or HOLD DynaSIF 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 DynaSIF Equity 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 Equity 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 windows available, the current fund is not showing a clear separation from the peer set because no usable 1-year, 3-year or 5-year peer return figure is available in the comparison table. That means the short-term comparison is mainly useful for seeing the fund’s own recent behaviour rather than for drawing a firm peer hierarchy. The available evidence still points to a strategy that has been relatively close to the benchmark in recent periods, with a slightly softer drawdown profile than Nifty 50.

Source data date: as of 17 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
TREPS	Cash & Cash Equivalents and Net Assets	21.59%
Eternal Limited	Retailing	3.88%
Bharti Airtel Limited	Telecom	3.56%
91 Days Tbill (MD 28/08/2026)	Treasury Bills	2.69%
91 Days Tbill (MD 17/09/2026)	Treasury Bills	2.68%
Iifl Finance Limited	Finance	2.57%
Larsen & Toubro Limited	Infrastructure	2.55%
Computer Age Management Services Limited	Business Services	2.47%
AU Small Finance Bank Limited	Bank	2.19%
Axis Bank Limited	Bank	2.12%

The top 10 holdings account for approximately 46.30% of the portfolio.

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

The largest disclosed holding, TREPS, stands at 21.59%, which is a substantial cash-like allocation and may temper day-to-day equity volatility. After that, the weights fall quickly into a narrower band: the next nine holdings all sit between 3.88% and 2.12%. That shape suggests the visible book is not dominated by many large stock positions; instead, one very large liquidity position sits above a cluster of mid-sized exposures.

Because the top 10 disclosed holdings make up 46.30% of the portfolio, the remaining 54% or so is spread across 51 other disclosed holdings. That means the fund may still have a fairly long tail beneath the biggest names. At the same time, the size of the first position means the near-term behaviour of the fund could be influenced more by cash management and selective exposure than by a broad, highly concentrated equity basket.

From an investor perspective, this mix can be read as a cautious structure inside a high-risk category. It may support flexibility, but it also means the fund’s outcome will depend on how the manager uses that large cash-and-bills base alongside the equity positions already shown.

Source data date: as of 17 Sep 2026

Who should invest

This fund is suited to investors who can live with High Risk and are comfortable with a strategy that is still early in its history. The available short-term returns are close to the benchmark but do not yet build a long record of strong compounding, so the case is more about watching the process than expecting a proven equity outcome.

A longer investment horizon is important here because the fund has only short-period evidence available. Investors who want consistency across 1-year, 3-year and 5-year windows may find the current record too incomplete, while those who can tolerate a new strategy and a meaningful cash-and-bills component may see the structure as a feature rather than a flaw.

The main trade-off is between flexibility and certainty. The portfolio carries a large liquidity position, which may help control swings, but the fund still sits in a high-risk wrapper and has not yet shown a full longer-term return pattern.

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% on or before 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 Long-Short Fund Direct Growth Plan?
The current NAV is ₹10.4129 as of 17 Sep 2026.

What are the fund’s recent returns?
The fund’s 1-month return is -3.55% and its 3-month return is -1.49%. The 1-year, 3-year and 5-year return figures are not available in the current comparison set.

How has the fund performed versus Nifty 50?
It has been slightly less weak than Nifty 50 in the available short windows. Over 1 month, the fund returned -3.55% versus -3.66% for the benchmark, and over 3 months it returned -1.49% versus -3.71% for the benchmark.

How does it compare with peer funds on return data?
The comparison is limited because the current peer set does not provide usable 1-year, 3-year or 5-year return figures in the table. That means the best read is on the fund’s own recent behaviour rather than on a firm peer separation.

What is the minimum SIP amount?
The minimum SIP amount is ₹20,000.

Who manages the fund and what is the exit load?
The fund is managed by Harsh Aggarwal and Pranav Mise. The exit load is 0.50% on or before 3 months, and nil after 3 months.

Bottom line

DynaSIF Equity Long-Short Fund Direct Growth Plan is still too young for a full long-horizon verdict, so the recent short-term pattern matters more than a long compounding history. It has held up a little better than Nifty 50 in the available windows, but the broader return record is not yet established. The portfolio’s large TREPS allocation gives it a distinct cash-heavy shape, which may soften swings but also makes the strategy different from a plain equity fund. It may suit investors who can accept High Risk and want to track a new, flexible structure over time.

Published on 18 September 2026 at 8:59 AM IST

Explore mutual funds with Univest

Review mutual fund data, compare performance and explore fund insights on Univest.

Explore Univest

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.