Trustner offers the Regular plan as an AMFI-registered SIF distributor (ARN-286886) and earns a commission from the fund house. We explain the documents and the process; we do not recommend funds. Disclosures
Holds at least 80% in equity and equity-related instruments, with unhedged short exposure of up to 25% of net assets taken through derivatives — an all-cap approach with a derivative overlay.
Official daily NAVs from our archive of AMFI's SIF NAV feed, plotted for the plan selected. Use the buttons to change the period; the dates covered are shown under the chart. The monthly table gives each calendar month's change.
Month-on-month change computed from month-end official NAVs in our archive. The first and current months are partial: they run from the earliest, or to the latest, NAV we hold.
| Building from the NAV archive… |
Every line disclosed in the AMC's portfolio disclosure as of 30 Sep 2026, ranked by exposure, largest first. Portfolios are disclosed periodically, so these are the most recent published positions — not live weights.
This is the latest portfolio statement the AMC had published when we last checked its disclosure page on 13 Oct 2026.
| # | Security | Sector / bucket | Side | Exposure |
|---|---|---|---|---|
| 01 | National Stock Exchange of India Ltd. 27.10.2026Future | Index | SHORT | -6.55% |
| 02 | TREPS | — | — | 6.52% |
| 03 | HDFC Bank Ltd. INE040A01034 | Banks | LONG | 5.70% |
| 04 | National Stock Exchange of India Ltd. 27.10.2026Future | Index | SHORT | -5.64% |
| 05 | Net Receivable / Payable | — | — | 5.21% |
| 06 | ICICI Bank Ltd. 27.10.2026Future | Banks | SHORT | -5.11% |
| 07 | ICICI Bank Ltd. INE090A01021 | Banks | LONG | 5.09% |
| 08 | Kotak Mahindra Bank Ltd. INE237A01036 | Banks | LONG | 5.03% |
| 09 | Axis Bank Ltd. 27.10.2026Future | Banks | SHORT | -3.93% |
| 10 | Axis Bank Ltd. INE238A01034 | Banks | LONG | 3.92% |
| 11 | Reliance Industries Ltd. 27.10.2026Future | Petroleum Products | SHORT | -3.91% |
| 12 | Reliance Industries Ltd. INE002A01018 | Petroleum Products | LONG | 3.90% |
| 13 | 91 Day Treasury Bills IN002026X206 | Sovereign | LONG | 3.79% |
| 14 | 91 Day Treasury Bills IN002026X214 | Sovereign | LONG | 3.79% |
| 15 | 364 Day Treasury Bills IN002025Z369 | Sovereign | LONG | 3.78% |
| 16 | 91 Day Treasury Bills IN002026X230 | Sovereign | LONG | 3.78% |
| 17 | HDFC Bank Ltd. 27.10.2026Future | Banks | SHORT | -3.76% |
| 18 | Kotak Mahindra Bank Ltd. 27.10.2026Future | Banks | SHORT | -3.06% |
| 19 | Maruti Suzuki India Ltd. INE585B01010 | Automobiles | LONG | 2.79% |
| 20 | Maruti Suzuki India Ltd. 27.10.2026Future | Automobiles | SHORT | -2.79% |
| 21 | Mahindra & Mahindra Ltd. INE101A01026 | Automobiles | LONG | 2.70% |
| 22 | Mahindra & Mahindra Ltd. 27.10.2026Future | Automobiles | SHORT | -2.70% |
| 23 | Divi's Laboratories Ltd. INE361B01024 | Pharmaceuticals & Biotechnology | LONG | 2.63% |
| 24 | Eternal Ltd. INE758T01015 | Retailing | LONG | 2.55% |
| 25 | RBL Bank Ltd. INE976G01028 | Banks | LONG | 2.44% |
| 26 | State Bank of India 27.10.2026Future | Banks | SHORT | -2.27% |
| 27 | State Bank of India INE062A01020 | Banks | LONG | 2.25% |
| 28 | Bajaj Finance Ltd. 27.10.2026Future | Finance | SHORT | -2.21% |
| 29 | Bajaj Finance Ltd. INE296A01032 | Finance | LONG | 2.20% |
| 30 | Multi Commodity Exchange of India Ltd. 27.10.2026Future | Capital Markets | SHORT | -2.18% |
| 31 | Multi Commodity Exchange of India Ltd. INE745G01043 | Capital Markets | LONG | 2.15% |
| 32 | Hyundai Motor India Ltd. INE0V6F01027 | Automobiles | LONG | 2.13% |
| 33 | Hyundai Motor India Ltd. 27.10.2026Future | Automobiles | SHORT | -2.13% |
| 34 | Adani Ports and Special Economic Zone Ltd. INE742F01042 | Transport Infrastructure | LONG | 2.09% |
| 35 | Max Healthcare Institute Ltd. INE027H01010 | Healthcare Services | LONG | 1.94% |
| 36 | Max Healthcare Institute Ltd. 27.10.2026Future | Healthcare Services | SHORT | -1.92% |
| 37 | Persistent Systems Ltd. INE262H01021 | IT - Software | LONG | 1.91% |
| 38 | Sun Pharmaceutical Industries Ltd. 27.10.2026Future | Pharmaceuticals & Biotechnology | SHORT | -1.91% |
| 39 | Persistent Systems Ltd. 27.10.2026Future | IT - Software | SHORT | -1.91% |
| 40 | BSE Ltd. 27.10.2026Future | Capital Markets | SHORT | -1.90% |
| 41 | Sun Pharmaceutical Industries Ltd. INE044A01036 | Pharmaceuticals & Biotechnology | LONG | 1.89% |
| 42 | BSE Ltd. INE118H01025 | Capital Markets | LONG | 1.89% |
| 43 | One 97 Communications Ltd. INE982J01020 | Financial Technology (Fintech) | LONG | 1.86% |
| 44 | AU Small Finance Bank Ltd. INE949L01017 | Banks | LONG | 1.85% |
| 45 | AU Small Finance Bank Ltd. 27.10.2026Future | Banks | SHORT | -1.85% |
| 46 | FSN E-Commerce Ventures Ltd. 27.10.2026Future | Retailing | SHORT | -1.85% |
| 47 | FSN E-Commerce Ventures Ltd. INE388Y01029 | Retailing | LONG | 1.83% |
| 48 | Delhivery Ltd. INE148O01028 | Transport Services | LONG | 1.82% |
| 49 | Delhivery Ltd. 27.10.2026Future | Transport Services | SHORT | -1.82% |
| 50 | Hero MotoCorp Ltd. 27.10.2026Future | Automobiles | SHORT | -1.81% |
| 51 | Hero MotoCorp Ltd. INE158A01026 | Automobiles | LONG | 1.80% |
| 52 | IDFC First Bank Ltd. INE092T01019 | Banks | LONG | 1.79% |
| 53 | Tech Mahindra Ltd. INE669C01036 | IT - Software | LONG | 1.47% |
| 54 | Tech Mahindra Ltd. 27.10.2026Future | IT - Software | SHORT | -1.47% |
| 55 | One 97 Communications Ltd. 27.10.2026Future | Financial Technology (Fintech) | SHORT | -1.40% |
| 56 | HCL Technologies Ltd. 27.10.2026Future | IT - Software | SHORT | -1.16% |
| 57 | Torrent Pharmaceuticals Ltd. 27.10.2026Future | Pharmaceuticals & Biotechnology | LONG | 1.15% |
| 58 | Divi's Laboratories Ltd. 27.10.2026Future | Pharmaceuticals & Biotechnology | SHORT | -1.14% |
| 59 | Lupin Ltd. 27.10.2026Future | Pharmaceuticals & Biotechnology | SHORT | -1.13% |
| 60 | Adani Ports and Special Economic Zone Ltd. 27.10.2026Future | Transport Infrastructure | SHORT | -1.10% |
| 61 | Eternal Ltd. 27.10.2026Future | Retailing | SHORT | -1.07% |
| 62 | Adani Enterprises Ltd. INE423A01024 | Metals & Minerals Trading | LONG | 0.96% |
| 63 | Adani Enterprises Ltd. 27.10.2026Future | Metals & Minerals Trading | SHORT | -0.96% |
| 64 | Dixon Technologies (India) Ltd. INE935N01020 | Consumer Durables | LONG | 0.95% |
| 65 | Apollo Hospitals Enterprise Ltd. INE437A01024 | Healthcare Services | LONG | 0.94% |
| 66 | Info Edge (India) Ltd. INE663F01032 | Retailing | LONG | 0.92% |
| 67 | Info Edge (India) Ltd. 27.10.2026Future | Retailing | SHORT | -0.92% |
| 68 | Sagility Ltd. 27.10.2026Future | IT - Services | SHORT | -0.91% |
| 69 | Sagility Ltd. INE0W2G01015 | IT - Services | LONG | 0.90% |
| 70 | ABB India Ltd. 27.10.2026Future | Electrical Equipment | SHORT | -0.85% |
| 71 | Apollo Hospitals Enterprise Ltd. 27.10.2026Future | Healthcare Services | LONG | 0.85% |
| 72 | ABB India Ltd. INE117A01022 | Electrical Equipment | LONG | 0.84% |
| 73 | Shriram Finance Ltd. 27.10.2026Future | Finance | SHORT | -0.68% |
| 74 | The Federal Bank Ltd. 27.10.2026Future | Banks | SHORT | -0.67% |
| 75 | Ather Energy Ltd. 27.10.2026Future | Automobiles | SHORT | -0.49% |
| 76 | Ashok Leyland Ltd. 27.10.2026Future | Agricultural, Commercial & Construction Vehicles | SHORT | -0.47% |
| 77 | Dixon Technologies (India) Ltd. 27.10.2026Future | Consumer Durables | LONG | 0.45% |
| 78 | National Stock Exchange of India Ltd. 27.10.2026Option | — | LONG | 0.20% |
| 79 | National Stock Exchange of India Ltd. 27.10.2026Option | — | LONG | 0.14% |
| 80 | National Stock Exchange of India Ltd. 27.10.2026Option | — | LONG | 0.06% |
| 81 | Dr. Reddy's Laboratories Ltd. 27.10.2026Option | — | LONG | 0.01% |
Aggregated from the disclosed cash-equity lines.
Reading this statement. 81 lines as printed by the AMC: 32 cash equity, 43 derivative, 4 money-market, 2 other. Long/Short is the AMC's own flag where the statement carries one, otherwise the sign of the printed quantity or percentage. Futures and options are often printed as exposure outside the 100% net-asset total, so the lines need not add up to 100. The statement prints its index derivative lines under the exchange's name; per the statement's own notes they are Nifty and Bank Nifty contracts. How to read derivative positions →
Normalised from the AMC's published portfolio statement. Derivative market value, notional exposure and regulatory gross exposure can be measured on different bases, so the AMC's own statement remains controlling. Short and written positions are shown as negative exposure. Holdings are historical and change without notice — this is not a recommendation to buy or sell any security.
Arthaya Equity Long Short Fund is Union Mutual Fund's first strategy under Arthaya SIF — an open-ended, actively managed equity long-short strategy across market capitalisations, benchmarked to NIFTY 200 TRI, with daily subscription and redemption and Risk Band Level 5.
A flexible, all-cap equity long-short mandate. The ISID states the objective as: "The investment objective of the Investment Strategy is to generate long-term capital appreciation over the investment cycle by deploying capital in equity and equity related instruments including limited short exposure through derivatives across the market capitalisation," with the standard no-assurance caveat. It is categorised as an Equity Long-Short Fund with investment strategy code ARTH/O/E/ELSF/26/03/0001/UNIN. 'Arthaya' is Union Mutual Fund's SIF brand.
Asset allocation and the 25% unhedged short cap. The ISID's indicative allocation (as a % of total assets) is: Equity and equity-related instruments (including unhedged short exposure) 80%-100%; Debt and Money Market Instruments including units of debt oriented mutual fund schemes 0%-20%; Units issued by InvITs 0%-20%. The indicative table is more granular: equity derivatives for non-hedging purposes may run Long up to 100% with Unhedged Short Exposure up to 25%; hedged positions in equity and equity related instruments up to 100% of net assets; short selling up to 25%; securities lending up to 20% of net assets (maximum 5% to any single approved intermediary). Cumulative gross exposure must not exceed 100% of net assets.
Benchmarked to NIFTY 200 TRI, with an explicit rationale. The ISID justifies the benchmark on universe grounds: "The investment strategy would predominantly operate in stocks in the F&O space (largecap and midcap stocks), while taking measured exposure to smallcap stocks to generate alpha. As large part of the universe of operation is within top 200 stocks, NSE 200 is chosen as appropriate benchmark." Both the strategy and the benchmark are shown at Risk band Level 5 on the ISID cover page.
Discretionary, not systematic. The investment-approach section describes "an actively managed strategy seeking to generate long term capital appreciation by investing predominantly in equity & equity related instruments," adding that the strategy "offers flexibility across market capitalisations, allowing the fund manager to invest without being constrained by any specific market-cap segment or investment style" and "aims to judiciously manage exposure by balancing equity long and short positions, guided by the fund manager's market outlook and the prevailing risk-reward dynamics at different points in time." The ISID tabulates the short-side derivative strategies it may deploy, including Short Futures and Synthetic Short, with risk levels and the conditions under which each would be used.
Daily dealing, no listing, and a low incremental ticket. Both subscription and redemption frequency are "Daily (only Business Days)." Because the strategy is open-ended and dealt at NAV on all business days, "units of the Investment Strategy are not proposed to be listed on any stock exchange," though the Trustee reserves the right to list later. Minimum application is Rs 10,00,000 in multiples of Re 1 (Rs 1,00,000 for accredited investors), additional purchases are Rs 10,000, and minimum redemption is only Rs 1,000 and in multiples of Re 1 — subject throughout to the Rs 10 lakh PAN-level minimum across all Arthaya SIF strategies.
Sources: Union Mutual Fund / Arthaya SIF — Arthaya Equity Long Short Fund, Investment Strategy Information Document (ISID), dated April 17, 2026 · Union Mutual Fund — Arthaya Equity Long Short Fund, Key Information Memorandum (KIM) · Arthaya SIF — Arthaya Equity Long Short Fund scheme page. Scheme facts are as disclosed by the AMC at the time of writing; fund managers, load structures and allocation bands can change — always read the current SID/KIM before investing.
What the fund house has changed by notice since the offer document was issued, newest first. The offer document may not show these yet; the notice governs. Each line links the notice itself.
| Before | After | |
|---|---|---|
| Risk band | Level 5 of 5 | Level 1 of 5 |
| Before | After | |
|---|---|---|
| Risk band | Level 1 of 5 | Level 5 of 5 |
Everything on this page traces back to a document Union published. Here they are, so you can read the primary source yourself rather than take our word for it.
All Equity Long-Short funds we track, with their latest NAV, trailing returns, size and risk level. This fund is highlighted. Click a column heading to sort the table; the # column then shows each fund's position on that column. It is arithmetic on the period you chose, not a rating or a recommendation. Most SIFs are young, so check each fund's age before comparing. Open any fund's page from its name, or use the compare tool for a side-by-side view.
| # | NAV | |||||||
|---|---|---|---|---|---|---|---|---|
| — | Altiva Equity Long-Short Edelweiss | ₹10.7976 | ▲ 7.42% | — | — | ▲ 7.98% | 377 | 3 / 5 |
| — | Apex Equity Long-Short Aditya Birla SL | ₹10.37 | ▲ 4.64% | — | — | ▲ 3.70% | 125 | 2 / 5 |
| — | Arthaya Equity Long-Short Union | ₹10.2329 | ▲ 5.22% | ▲ 1.16% | — | ▲ 2.33% | 131 | 1 / 5 |
| — | Arudha Equity Long-Short Bandhan | ₹10.38 | ▲ 3.07% | ▼ 1.52% | ▲ 0.86% | ▲ 3.80% | 133 | 5 / 5 |
| — | Diviniti Equity Long-Short ITI | ₹900.3562 | ▲ 3.36% | ▼ 4.51% | ▼ 4.99% | ▼ 9.96% | 246 | 5 / 5 |
| — | DynaSIF Equity Long-Short 360 ONE | ₹10.3795 | ▲ 1.87% | ▼ 3.41% | ▲ 0.10% | ▲ 3.79% | 404 | 5 / 5 |
| — | iSIF Equity Long-Short ICICI Prudential | ₹10.6 | ▼ 0.47% | ▼ 0.47% | — | ▲ 6.00% | 790 | 5 / 5 |
| — | MSIF Equity Long-Short Mahindra Manulife | ₹10.3132 | — | — | — | ▲ 3.13% | — | 5 / 5 |
| — | qSIF Equity Long-Short Quant | ₹11.1935 | ▲ 2.86% | ▲ 0.62% | ▲ 9.64% | ▲ 11.94% | 1,018 | 3 / 5 |
| — | Sapphire Equity Long-Short Franklin Templeton | ₹1005.2144 | ▲ 5.03% | ▼ 1.91% | ▼ 0.56% | ▲ 0.52% | 211 | 5 / 5 |
| — | Summit Equity Long-Short Fund Invesco | ₹10.76 | ▲ 4.87% | ▲ 4.47% | — | ▲ 7.60% | 376 | 5 / 5 |
| — | Titanium Equity Long-Short Tata | ₹10.5453 | ▲ 3.44% | ▼ 0.05% | — | ▲ 5.45% | 344 | 5 / 5 |
| — | WSIF Equity Long-Short The Wealth Company | ₹10.4518 | ▲ 3.78% | ▼ 2.37% | — | ▲ 4.52% | 42 | 5 / 5 |
| Official AMFI NAVs as of 6 Nov 2026, in name order. Absolute returns, not annualised, Regular plan · Growth. Past performance may or may not be sustained in future. This table refreshes in your browser with the latest figures and can be sorted. | ||||||||
“—” means the fund is too young for that period or the figure isn't disclosed yet. Default order: 3-month return. NAV and returns follow the plan selected above (Growth option); AUM from each fund house's latest portfolio statement, risk level from Value Research.
Fund house: all Arthaya SIF strategies and managers.
Compare Arthaya Equity Long-Short with: Arudha Equity Long-Short · Diviniti Equity Long-Short · DynaSIF Equity Long-Short · Sapphire Equity Long-Short · Titanium Equity Long-Short · WSIF Equity Long-Short · iSIF Equity Long-Short · qSIF Equity Long-Short.
Holds at least 80% in equity and equity-related instruments, with unhedged short exposure of up to 25% of net assets taken through derivatives — an all-cap approach with a derivative overlay.
Every Specialized Investment Fund sits between mutual funds and PMS: a ₹10 lakh minimum (aggregated per PAN per AMC), SEBI's SIF framework, and mutual-fund-grade taxation — equity-oriented strategies attract 12.5% LTCG after 12 months. Learn the mechanics on our What is a SIF page, or read our monthly SIF Performance Report.
SIFs carry a ₹10 lakh minimum and real derivative risk. Talk to a Trustner relationship manager — 20 minutes, no fee, no obligation. We are an AMFI-registered distributor (ARN-286886); we do not provide personalised investment advice.
The people named as designated fund managers in the scheme's official disclosures. Fund managers can change over the life of a scheme — verify against the current KIM before investing.
Plain-English guides, each sourced to SEBI’s rules. They explain how SIFs work; they do not say whether one suits you.
A short note when a new SIF opens for subscription, and MeraSIF Monthly on the first working day of each month. Free.