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

Qsif Equity Long-Short Fund Direct Growth Plan has a NAV of ₹11.0925 as of 17 Sep 2026 and scheme AUM of ₹758 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%, and it sits in the Medium Risk bucket. Our view is that the fund currently looks better suited to investors who can tolerate a mixed short-term profile and want exposure to a portfolio that combines a large cash and cash-equivalent sleeve with several equity positions.

The fund’s recent behaviour has been steadier than the benchmark over the latest periods, but the return history is still very short because the scheme was launched on 07 Oct 2025. That makes it more important to focus on the portfolio structure and the medium-risk profile than on a long record that does not yet exist.

Quick facts

Particular	Details
NAV	₹11.0925 as of 17 Sep 2026
AUM	₹758 Cr
Expense Ratio	0.0%
Launch Date	07 Oct 2025
Min SIP	₹1,000
Risk Category	Medium Risk
Benchmark	Nifty 50
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	-0.23%	-3.66%
3M	4.99%	-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 history available for this scheme points to a fund that has handled the recent phase better than the benchmark. Over 1 month, the fund was slightly negative while the Nifty 50 fell more sharply, and over 3 months the fund moved ahead while the benchmark remained in the red. That tells us the portfolio has been able to cushion weakness better than the index during the latest stretch.

We would still treat that read with caution because the scheme has been live only since October 2025, so there is no genuine 1-year, 3-year or 5-year record to evaluate. The return picture is therefore more about recent resilience than about a full market cycle.

Even so, the pattern is useful. The fund has not shown the kind of deep drawdown that often makes short-duration new launches difficult to assess, and that can matter for investors who want a cleaner ride than an outright equity index. At the same time, the limited track record means the recent outperformance cannot yet be treated as proof of consistency.

Source data date: as of 17 Sep 2026

Should you BUY or HOLD Qsif 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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Qsif Equity Long-Short Fund Direct Growth Plan	Data not available	Data not available	Data not available
Baroda BNP Paribas Gold ETF FoF Direct Growth Plan	34.39%	Data not available	Data not available
HDFC Innovation Fund Direct Growth Plan	14.3%	Data not available	Data not available
Bajaj Finserv Small Cap Fund Direct Growth Plan	13.33%	Data not available	Data not available
Quant Equity Savings Fund Direct Growth Plan	8.75%	Data not available	Data not available
Kotak Active Momentum Fund Direct Growth Plan	6.31%	Data not available	Data not available

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

The peer set shows much stronger 1-year numbers from other funds, while this scheme does not yet have a one-year return history to compare directly. That gap matters more than the short-term variation because the available comparisons are all based on newer or different strategies, and the present fund’s record is still too short to judge on a like-for-like long-term basis. On 3-year and 5-year numbers, the picture is again incomplete across the comparison set, so the more practical reading is that the fund’s short track record should be weighed against its portfolio design rather than against longer established histories.

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	25.24%
Adani Energy Solutions Limited	Power	8.06%
Indus Towers Limited	Telecom	8%
JSW Infrastructure Limited	Logistics	6.8%
Adani Green Energy Limited	Power	5.5%
UPL Limited	Chemicals	4.62%
Mangalore Refinery & Petrochemicals Ltd	Crude Oil	3.9%
Blue Jet Healthcare Ltd	Healthcare	3.5%
Capri Global Capital Limited	Finance	3.05%
Reliance Industries Limited	Crude Oil	2.96%

The top 10 holdings account for approximately 71.63% of the portfolio.

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

The largest disclosed holding is TREPS 03-Aug-2026 Depo 10 at 25.24%, which is a meaningful cash-and-equivalent position. That single sleeve is much larger than any equity holding in the visible list, so it is likely to have a strong influence on how the fund behaves in calmer or more uncertain markets.

Weights then step down fairly quickly: the next holdings sit in an 8.06% to 2.96% band, and the tenth holding is still below 3%. That pattern suggests the portfolio is not built around one or two dominant equity bets alone; instead, it appears to mix a sizable defensive allocation with a spread of mid-sized positions.

Because the top 10 holdings together account for 71.63% of the portfolio and the scheme discloses 32 holdings in total, the visible part of the portfolio is concentrated enough to matter, but not so narrow that every outcome depends on a single stock. The longer tail beyond the top 10 may still contribute, yet the displayed list already shows where much of the active positioning sits.

Source data date: as of 17 Sep 2026

Who should invest

This fund suits investors who can handle Medium Risk and are comfortable with a strategy whose return record is still short. The available figures show a recent period that has held up better than the benchmark, but there is not yet a full multi-year history to rely on.

Our view is that the better fit is a medium-horizon investor who values a portfolio that combines cash-like exposure with selected equity positions. The trade-off is clear: the structure may help limit sharp short-term swings, but the limited track record means the longer-run behaviour is still unproven.

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 Equity Long-Short Fund Direct Growth Plan?
The NAV is ₹11.0925 as of 17 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 not available because the scheme history is still short.

How has the fund done versus the Nifty 50 benchmark recently?
It has held up better over the latest 1-month and 3-month periods. The fund was down 0.23% over 1 month and up 4.99% over 3 months, while the benchmark was down 3.66% and 3.71% in those periods.

How does the fund compare with the peer funds shown here?
The peer list shows stronger 1-year return figures for the other funds displayed, while this scheme does not yet have a comparable 1-year history. That makes the comparison useful for context, but not for judging a full-cycle record.

What is the minimum SIP amount?
The minimum SIP amount is ₹1,000.

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

Bottom line

Qsif Equity Long-Short Fund Direct Growth Plan is still a young scheme, so the recent pattern matters more than any long-term return claim. The latest performance has been better than the benchmark over short periods, but the absence of a meaningful multi-year track record keeps the assessment provisional. Its Medium Risk label and a portfolio that holds a large cash-equivalent sleeve alongside selected equities make it more interesting for investors who want a controlled equity-oriented approach rather than a pure market bet.

Published on 18 September 2026 at 8:35 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.