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

Updated: 18 Sept 2026 • 9:12 am

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

Qsif Active Asset Allocator Long-Short Fund Direct Growth Plan is at a NAV of ₹13.2034 as of 17 Sep 2026, with an AUM of ₹167 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%, and the scheme sits in the Balanced Risk category. Our view is that the fund is still too new for a long track record, but its early movement and portfolio mix suggest a structure that may suit investors willing to accept a higher-risk, market-linked allocation style with a large cash buffer.

It has 0% 5Y CAGR because the scheme launched on 21 Apr 2026, so the more useful lens is how the fund has behaved since launch versus the benchmark and its own holdings mix. The early return profile has been positive over 1M and 3M, while the risk label and concentrated positioning mean the path can still remain uneven.

Table of Contents

Quick facts

Particular	Details
NAV	₹13.2034 as of 17 Sep 2026
AUM	₹167 Cr
Expense Ratio	0.0%
Launch Date	21 Apr 2026
Min SIP	₹1,000
Risk Category	Balanced Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	1% on or before 15D, Nil after 15D
Fund Managers	Sandeep Tandon, Sameer Kate, Jignesh Shah, Ankit Pande

The fund is managed by Sandeep Tandon, Sameer Kate, Jignesh Shah and Ankit Pande.

Source data date: as of 17 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	13.97%	-3.66%
3M	26.33%	-3.71%
1Y	0%	Data not available
3Y	0%	Data not available
5Y	0%	Data not available

The fund’s early post-launch trend has been firm. The 1M and 3M figures point to a strong start, while the benchmark was negative over both of those same windows, so the fund has clearly moved differently from Nifty 50 in the short run.

That said, the scheme is too new for the 1Y, 3Y and 5Y fields to tell a settled story. The zeroes shown for those periods reflect the fund’s short operating history, not a mature return pattern. For that reason, we place more weight on the shorter windows and on portfolio structure rather than on long-horizon comparison at this stage.

Even within that limited window, the behaviour has not been linear. The 1M path was more uneven than the 3M path, but both periods ended positive for the fund while the benchmark remained below its starting point. That supports an interpretation of a strategy that can participate in market moves, but with an allocation mix that may dampen or delay full equity-like upside in some stretches.

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

Source data date: as of 17 Sep 2026

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

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Peer comparison

Fund	1Y return	3Y return	5Y return
Qsif Active Asset Allocator 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

The current fund’s short-term return profile is stronger than the peer set where data is not available, which makes the early momentum look constructive. At the same time, the longer-horizon field is not yet meaningful for this scheme, so the peer table does not support a deeper long-term comparison on 3Y or 5Y numbers.

That creates a split picture: the current fund stands out on recent movement, but the peer universe cannot yet be used to judge durability over time. In our view, the right reading is that the fund has begun well, yet the comparison remains incomplete until it builds a longer history that can be tested against its peers on the same time frame.

Source data date: as of 17 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
TREPS 03-Aug-2026 Depo 10	Cash & Cash Equivalents and Net Assets	50.25%
Indo-Mim Limited	Domestic Equities	9.59%
Adani Energy Solutions Limited	Power	7.91%
Adani Green Energy Limited	Power	4.8%
JSW Infrastructure Limited	Logistics	4.29%
Caliber Mining and Logistics Limited	Trading	3.92%
Indus Towers Limited	Telecom	2.98%
Capri Global Capital Limited	Finance	2.71%
UPL Limited	Chemicals	2.37%
Nca-Net Current Assets	Cash & Cash Equivalents and Net Assets	1.99%

The top 10 holdings account for approximately 90.81% of the portfolio.

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

The largest holding is TREPS 03-Aug-2026 Depo 10 at 50.25%, which is unusually large for a single line item and gives the portfolio a strong cash-and-cash-equivalent anchor. That position alone is bigger than the next nine holdings individually, so it is likely to have a greater influence on the fund’s day-to-day stability than any single equity position.

After that first holding, weights step down fairly quickly to 9.59%, 7.91% and 4.8%, then continue into a tighter cluster around the low-single-digit range. This shape suggests that the equity sleeve is spread across several names, but the overall portfolio still has a dominant liquidity component at the top.

Because the disclosed top 10 already account for 90.81% of the portfolio and the scheme has 17 holdings in total, the fund appears concentrated in a small number of visible positions even though the tail is not fully shown here. That mix may reduce volatility versus a fully invested equity book, but it also means the cash allocation and the largest few holdings can shape returns more than a broadly diversified equity basket would.

Source data date: as of 17 Sep 2026

Who should invest

This fund suits investors who can live with higher variation in outcomes and who are comfortable with a strategy that is still very early in its history. The Balanced Risk label and the large cash allocation point to a structure that is not a plain equity style, yet the portfolio still includes meaningful exposure to cyclical and listed equities.

The best-fit horizon is medium to long term, mainly because the scheme has not yet built a meaningful 1Y, 3Y or 5Y track record. The main trade-off is between the early upside seen since launch and the uncertainty that comes with a short history and a portfolio mix that can behave differently from a standard benchmark-led equity fund.

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: 1% on or before 15D, Nil after 15D.

Source data date: as of 17 Sep 2026

Frequently asked questions

What is the current NAV of Qsif Active Asset Allocator Long-Short Fund Direct Growth Plan?
Its NAV is ₹13.2034 as of 17 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The 1-year, 3-year and 5-year returns are 0%, 0% and 0%.

How has the fund done against Nifty 50 recently?
It has done better over the latest short windows, with 13.97% for 1M and 26.33% for 3M versus -3.66% and -3.71% for the benchmark.

How does it compare with peers on available return data?
The current fund has positive short-term figures, while the listed peers do not have usable return figures in the comparison table.

What is the risk category and what does the portfolio look like?
The fund is in the Balanced Risk category. Its portfolio is led by a very large cash-equivalent holding and then a mix of equity and other positions across power, logistics, telecom, finance and chemicals.

What are the exit load and fund managers?
The exit load is 1% on or before 15D and nil after 15D. The fund is managed by Sandeep Tandon, Sameer Kate, Jignesh Shah and Ankit Pande.

Bottom line

This fund has started with positive short-window performance, but its 1Y, 3Y and 5Y fields are not yet meaningful because the scheme launched only in April 2026. Against Nifty 50, the early trend looks better in the near term, while the peer set does not yet offer a usable long-horizon comparison. The Balanced Risk label and the very large cash-equivalent holding suggest a portfolio that may not behave like a plain equity fund, which can appeal to investors who want a more structured, less fully invested profile.

Published on 18 September 2026 at 9:10 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.