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
Allocates dynamically across equity, debt and commodity exposure using derivatives, with unhedged short exposure of up to 25% of net assets. Multi-asset and tactical by design.
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 | Net Current Assets | — | — | 18.60% |
| 02 | TREPS | — | — | 13.80% |
| 03 | Life Insurance Corporation of India INE0J1Y01017 | Insurance | LONG | 5.00% |
| 04 | Government Securities IN0020260025 | SOV | LONG | 4.72% |
| 05 | Cash Margin - Derivatives | — | — | 4.67% |
| 06 | HDFC Bank Ltd. INE040A01034 | Banks | LONG | 3.81% |
| 07 | Reliance Industries Ltd. INE002A01018 | Petroleum Products | LONG | 3.53% |
| 08 | Mahindra & Mahindra Ltd. INE101A01026 | Automobiles | LONG | 3.26% |
| 09 | Bse Sensex. (Call option) $$Option | Index Futures/Options | SHORT | -2.79% |
| 10 | Bse Sensex. (Put option) $$Option | Index Futures/Options | LONG | 2.77% |
| 11 | Mahindra & Mahindra Ltd. (Call option) $$Option | Automobiles | SHORT | -2.74% |
| 12 | Gold (1 KG-1000 GMS) Commodity December 2026 Future $$Future | Gold | LONG | 2.21% |
| 13 | Piramal Capital & Housing Finance Ltd INE202B07JT0 | ICRA AA+ | LONG | 2.19% |
| 14 | Aadhar Housing Finance Ltd. ** INE883F07413 | ICRA AA+ | LONG | 2.19% |
| 15 | 182 Days Treasury Bills IN002026Y022 | SOV | LONG | 2.18% |
| 16 | NABARD INE261F08EK5 | CRISIL AAA | LONG | 2.17% |
| 17 | 182 Days Treasury Bills IN002026Y071 | SOV | LONG | 2.17% |
| 18 | 91 Days Treasury Bills IN002026X214 | SOV | LONG | 2.16% |
| 19 | Indian Bank ** INE562A16QI8 | CRISIL A1+ | LONG | 2.13% |
| 20 | State Government of Karnataka IN1920250256 | SOV | LONG | 2.13% |
| 21 | Interest Rate Swaps- MD -29-May-2029 (Pay float/receive fixed)Swap | — | — | 2.10% |
| 22 | ICICI Bank Ltd. (Call option) $$Option | Banks | SHORT | -1.84% |
| 23 | 364 Days Treasury Bills IN002025Z344 | SOV | LONG | 1.73% |
| 24 | State Government of Maharashtra IN2220260045 | SOV | LONG | 1.68% |
| 25 | Reliance Industries Ltd. (Call option) $$Option | Petroleum Products | SHORT | -1.62% |
| 26 | Axis Bank Ltd. INE238A01034 | Banks | LONG | 1.57% |
| 27 | Bharat Electronics Ltd. (Call option) $$Option | Aerospace & Defense | SHORT | -1.52% |
| 28 | Bharat Electronics Ltd. INE263A01024 | Aerospace & Defense | LONG | 1.51% |
| 29 | 91 Days Treasury Bills IN002026X248 | SOV | LONG | 1.47% |
| 30 | ICICI Bank Ltd. INE090A01021 | Banks | LONG | 1.45% |
| 31 | Hindustan Unilever Ltd. INE030A01027 | Diversified Fmcg | LONG | 1.44% |
| 32 | Avenue Supermarts Ltd. (Call option) $$Option | Retailing | SHORT | -1.43% |
| 33 | Avenue Supermarts Ltd. INE192R01011 | Retailing | LONG | 1.38% |
| 34 | Bharti Airtel Ltd. INE397D01024 | Telecom - Services | LONG | 1.37% |
| 35 | Hindustan Unilever Ltd. (Call option) $$Option | Diversified Fmcg | SHORT | -1.36% |
| 36 | State Bank Of India INE062A01020 | Banks | LONG | 1.34% |
| 37 | Torrent Power Ltd. ** INE813H07432 | CRISIL AA+ | LONG | 1.30% |
| 38 | Bajaj Finserv Ltd. INE918I01026 | Finance | LONG | 1.30% |
| 39 | 91 Days Treasury Bills IN002026X180 | SOV | LONG | 1.30% |
| 40 | Gabriel India Ltd ** INE524A08016 | CRISIL AA+ | LONG | 1.30% |
| 41 | Bajaj Finserv Ltd. (Call option) $$Option | Finance | SHORT | -1.17% |
| 42 | SBI Life Insurance Company Ltd. (Call option) $$Option | Insurance | SHORT | -1.15% |
| 43 | Tata Steel Ltd. INE081A01020 | Ferrous Metals | LONG | 1.13% |
| 44 | SBI Life Insurance Company Ltd. INE123W01016 | Insurance | LONG | 1.12% |
| 45 | State Bank Of India (Call option) $$Option | Banks | SHORT | -1.11% |
| 46 | Apollo Hospitals Enterprise Ltd. (Call option) $$Option | Healthcare Services | SHORT | -1.11% |
| 47 | Rentomojo Ltd. INE08T701025 | Commercial Services & Supplies | LONG | 1.10% |
| 48 | Godrej Industries Ltd. ** INE233A08204 | CRISIL AA+ | LONG | 1.08% |
| 49 | Godrej Industries Ltd. ** INE233A08212 | CRISIL AA+ | LONG | 1.08% |
| 50 | Apollo Hospitals Enterprise Ltd. INE437A01024 | Healthcare Services | LONG | 1.07% |
| 51 | HDFC Life Insurance Company Ltd (Call option) $$Option | Insurance | SHORT | -1.06% |
| 52 | Reliance Industries Ltd. (Call option) $$Option | Petroleum Products | SHORT | -1.00% |
| 53 | Reliance Industries Ltd. (Call option) $$Option | Petroleum Products | SHORT | -0.99% |
| 54 | Bharti Airtel Ltd. (Call option) $$Option | Telecom - Services | SHORT | -0.94% |
| 55 | Muthoot Finance Ltd. ** INE414G07KC4 | CRISIL AA+ | LONG | 0.87% |
| 56 | Apollo Hospitals Enterprise Ltd. (Put option) $$Option | Healthcare Services | LONG | 0.87% |
| 57 | NABARD ** INE261F08DV4 | CRISIL AAA | LONG | 0.87% |
| 58 | HDFC Bank Ltd. $$Future | Banks | LONG | 0.86% |
| 59 | HDFC Life Insurance Company Ltd. INE795G01014 | Insurance | LONG | 0.84% |
| 60 | HDFC Bank Ltd. (Put option) $$Option | Banks | LONG | 0.84% |
| 61 | State Government of Uttar Pradesh IN3320250118 | SOV | LONG | 0.83% |
| 62 | Tata Steel Ltd. (Call option) $$Option | Ferrous Metals | SHORT | -0.81% |
| 63 | Axis Bank Ltd. (Call option) $$Option | Banks | SHORT | -0.80% |
| 64 | Interest Rate Swaps- MD -03-Sep-2029 (Pay float/receive fixed)Swap | — | — | 0.79% |
| 65 | Godrej Consumer Products Ltd. (Call option) $$Option | Personal Products | SHORT | -0.76% |
| 66 | Godrej Consumer Products Ltd. INE102D01028 | Personal Products | LONG | 0.74% |
| 67 | PNB Housing Finance Ltd. (Put option) $$Option | Finance | LONG | 0.72% |
| 68 | NTPC Ltd. INE733E01010 | Power | LONG | 0.71% |
| 69 | NTPC Ltd. (Call option) $$Option | Power | SHORT | -0.70% |
| 70 | Cipla Ltd. (Put option) $$Option | Pharmaceuticals & Biotechnology | LONG | 0.70% |
| 71 | Reliance Industries Ltd. (Put option) $$Option | Petroleum Products | LONG | 0.69% |
| 72 | TVS Motor Company Ltd. (Put option) $$Option | Automobiles | LONG | 0.68% |
| 73 | Maruti Suzuki India Ltd. (Call option) $$Option | Automobiles | SHORT | -0.67% |
| 74 | Bajaj Finserv Ltd. (Put option) $$Option | Finance | LONG | 0.66% |
| 75 | Maruti Suzuki India Ltd. INE585B01010 | Automobiles | LONG | 0.65% |
| 76 | Hindalco Industries Ltd. INE038A01020 | Non - Ferrous Metals | LONG | 0.65% |
| 77 | ITC Ltd. $$Future | Diversified Fmcg | SHORT | -0.64% |
| 78 | ITC Ltd. INE154A01025 | Diversified Fmcg | LONG | 0.64% |
| 79 | Eternal Ltd. (Put option) $$Option | Retailing | LONG | 0.61% |
| 80 | Ultratech Cement Ltd. (Put option) $$Option | Cement & Cement Products | LONG | 0.60% |
| 81 | Angel One Ltd. (Put option) $$Option | Capital Markets | LONG | 0.60% |
| 82 | Ultratech Cement Ltd. INE481G01011 | Cement & Cement Products | LONG | 0.59% |
| 83 | Ultratech Cement Ltd. $$Future | Cement & Cement Products | SHORT | -0.59% |
| 84 | Mahindra & Mahindra Ltd. $$Future | Automobiles | SHORT | -0.59% |
| 85 | Trent Ltd. INE849A01020 | Retailing | LONG | 0.57% |
| 86 | Power Grid Corporation Of India Ltd. INE752E01010 | Power | LONG | 0.57% |
| 87 | Oil & Natural Gas Corporation Ltd. (Call option) $$Option | Oil | SHORT | -0.57% |
| 88 | Cholamandalam Investment And Finance Company Ltd. (Put option) $$Option | Finance | LONG | 0.57% |
| 89 | Trent Ltd. (Call option) $$Option | Retailing | SHORT | -0.57% |
| 90 | Oil & Natural Gas Corporation Ltd. INE213A01029 | Oil | LONG | 0.55% |
| 91 | Power Grid Corporation Of India Ltd. (Call option) $$Option | Power | SHORT | -0.54% |
| 92 | Sun Pharmaceutical Industries Ltd. INE044A01036 | Pharmaceuticals & Biotechnology | LONG | 0.54% |
| 93 | SBI Funds Management Ltd. INE640G01020 | Capital Markets | LONG | 0.51% |
| 94 | Nifty 50 Index call option (Call option) $$Option | Index Options | SHORT | -0.50% |
| 95 | Swiggy Ltd INE00H001014 | Retailing | LONG | 0.49% |
| 96 | PNB Housing Finance Ltd. INE572E01012 | Finance | LONG | 0.49% |
| 97 | Alkem Laboratories Ltd. INE540L01014 | Pharmaceuticals & Biotechnology | LONG | 0.49% |
| 98 | Sun Pharmaceutical Industries Ltd. (Call option) $$Option | Pharmaceuticals & Biotechnology | SHORT | -0.48% |
| 99 | PNB Housing Finance Ltd. (Call option) $$Option | Finance | SHORT | -0.48% |
| 100 | Varun Beverages Ltd. (Put option) $$Option | Beverages | LONG | 0.47% |
| 101 | Swiggy Ltd. (Call option) $$Option | Retailing | SHORT | -0.45% |
| 102 | Cube Highways Trust INE0NR623014 | Units of Infrastructure Investment Trusts | LONG | 0.45% |
| 103 | SBI Life Insurance Company Ltd. (Put option) $$Option | Insurance | LONG | 0.45% |
| 104 | IRB Infrastructure Developers Ltd. INE183W23014 | Units of Infrastructure Investment Trusts | LONG | 0.44% |
| 105 | Axis Bank Ltd. $$Future | Banks | SHORT | -0.44% |
| 106 | Hindalco Industries Ltd. (Call option) $$Option | Non - Ferrous Metals | SHORT | -0.44% |
| 107 | Interglobe Aviation Ltd. INE646L01027 | Transport Services | LONG | 0.44% |
| 108 | Manappuram Finance Ltd. ** INE522D07CK1 | CRISIL AA | LONG | 0.43% |
| 109 | Bajaj Auto Ltd. (Put option) $$Option | Automobiles | LONG | 0.43% |
| 110 | Mphasis Ltd (Call option) $$Option | It - Software | SHORT | -0.43% |
| 111 | Mphasis Ltd. INE356A01018 | It - Software | LONG | 0.42% |
| 112 | Interglobe Aviation Ltd. (Put option) $$Option | Transport Services | LONG | 0.42% |
| 113 | Vedanta Aluminium Metal Ltd. INE1CDF01017 | Non - Ferrous Metals | LONG | 0.41% |
| 114 | Hindustan Petroleum Corporation Ltd. INE094A01015 | Petroleum Products | LONG | 0.40% |
| 115 | BSE Ltd. (Call option) $$Option | Capital Markets | SHORT | -0.37% |
| 116 | Pfizer Ltd. INE182A01018 | Pharmaceuticals & Biotechnology | LONG | 0.36% |
| 117 | BSE Ltd. INE118H01025 | Capital Markets | LONG | 0.35% |
| 118 | 364 Days Treasury Bills IN002025Z377 | SOV | LONG | 0.35% |
| 119 | 91 Days Treasury Bills IN002026X255 | SOV | LONG | 0.34% |
| 120 | ICICI Bank Ltd. $$Future | Banks | LONG | 0.32% |
| 121 | Grindwell Norton Ltd. INE536A01023 | Industrial Products | LONG | 0.30% |
| 122 | JSW Steel Ltd. (Call option) $$Option | Ferrous Metals | SHORT | -0.30% |
| 123 | Cipla Ltd. INE059A01026 | Pharmaceuticals & Biotechnology | LONG | 0.29% |
| 124 | JSW Steel Ltd. INE019A01038 | Ferrous Metals | LONG | 0.29% |
| 125 | Bharat Petroleum Corporation Ltd. INE029A01011 | Petroleum Products | LONG | 0.26% |
| 126 | Manipal Health Enterprises Ltd. INE459N01021 | Healthcare Services | LONG | 0.26% |
| 127 | Cipla Ltd. (Call option) $$Option | Pharmaceuticals & Biotechnology | SHORT | -0.26% |
| 128 | Tata Steel Ltd. (Call option) $$Option | Ferrous Metals | SHORT | -0.25% |
| 129 | Star Cement Ltd. INE460H01021 | Cement & Cement Products | LONG | 0.24% |
| 130 | Hindustan Petroleum Corporation Ltd. (Call option) $$Option | Petroleum Products | SHORT | -0.22% |
| 131 | Interglobe Aviation Ltd. (Call option) $$Option | Transport Services | SHORT | -0.22% |
| 132 | Raajmarg Infra Investment Trust INE2PB023011 | Units of Infrastructure Investment Trusts | LONG | 0.21% |
| 133 | Infosys Ltd. INE009A01021 | It - Software | LONG | 0.21% |
| 134 | HDFC Life Insurance Company Ltd $$Future | Insurance | LONG | 0.18% |
| 135 | 364 Days Treasury Bills IN002025Z286 | SOV | LONG | 0.17% |
| 136 | Hindustan Petroleum Corporation Ltd. (Call option) $$Option | Petroleum Products | SHORT | -0.10% |
| 137 | Hindustan Unilever Ltd. $$Future | Diversified Fmcg | SHORT | -0.08% |
| 138 | Motherson Sumi Wiring India Ltd. INE0FS801015 | Auto Components | LONG | 0.01% |
| 139 | Bharat Forge Ltd. INE465A01025 | Auto Components | LONG | 0.01% |
Aggregated from the disclosed cash-equity lines.
Reading this statement. 139 lines as printed by the AMC: 46 cash equity, 63 derivative, 14 debt, 11 money-market, 5 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. 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.
A multi-asset strategy that moves between equity (35–80%), debt and exchange-traded commodity derivatives (10–55%) and InvIT units, with unhedged short exposure of up to 25% of net assets. It is benchmarked to a blended index spanning equity, debt, gold and silver — and offers a Growth option only.
The objective, as stated in the scheme document. ICICI Prudential's documents define the aim as dynamically investing "in equity and equity related securities with an aim to achieve long term capital appreciation and also invest in Debt instruments to generate regular income," adding that the strategy may also invest in InvIT units and "adopt equity, debt and commodity derivative strategies."
A genuinely wide allocation range. Equity and equity-related securities may run anywhere from 35% to 80% of total assets, with debt, money-market instruments and exchange-traded commodity derivatives together occupying 10–55%, and InvIT units up to 20%. That 45-point equity swing is what makes this an allocator rather than a fixed-mix hybrid.
The benchmark tells you what the fund is really trying to beat. Rather than a single index, the strategy is measured against a blend: 50% Nifty 500 TRI, 40% Nifty Composite Debt Index, 7% domestic price of gold and 3% domestic price of silver. Any assessment of performance should be made against that composite, not against an equity index alone.
Redemption is twice a week — not daily. Subscriptions and switch-ins are accepted on every business day, but redemption and switch-out are offered only twice a week, on Monday and Wednesday (rolling to the next business day where either is a holiday). Proceeds are dispatched within three business days. Investors used to daily mutual-fund liquidity should plan around this.
Growth option only, and a ₹10 lakh floor. The IDCW option has been disabled for this strategy, so units are available in Growth form alone (the Trustees may enable IDCW later). The minimum investment is ₹10,00,000, aggregated at PAN level across all iSIF strategies, with additional purchases from ₹10,000.
Sources: ICICI Prudential — Investment Strategy Information Document (ISID) · ICICI Prudential — Key Information Memorandum (KIM). 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 | |
|---|---|---|
| iSIF Active Asset Allocator | Sharmila D’Silva, Masoomi Jhurmarvala, Manish Banthia, Akhil Kakkar, Gaurav Chikane | The same five, plus Swapnil Sharma |
| Before | After | |
|---|---|---|
| Systematic Transfer Plan (STP) | Not offered | Daily (equity-oriented strategies only), weekly, fortnightly and monthly with at least 6 instalments, or quarterly with at least 4; ₹1,000 minimum per instalment |
| Systematic Withdrawal Plan (SWP) | Not offered | Monthly, quarterly, half-yearly or annual, at least 2 instalments; ₹1,000 minimum per instalment |
| Before | After | |
|---|---|---|
| Exit load | 1% if redeemed or switched out within 12 months from allotment; nil after | 1% if redeemed or switched out within 1 month from allotment; nil after |
Applies to: Prospective investments only (from 4 Sep 2026)
| Before | After | |
|---|---|---|
| Risk band — iSIF Active Asset Allocator (portfolio as on 30 Jun 2026) | Level 5 of 5 | Level 2 of 5 |
| Before | After | |
|---|---|---|
| Fund managers | Ihab Dalwai, Sharmila D’silva, Masoomi Jhurmarvala, Manish Banthia, Akhil Kakkar, Gaurav Chikane | Sharmila D’silva, Masoomi Jhurmarvala, Manish Banthia, Akhil Kakkar, Gaurav Chikane |
Everything on this page traces back to a document ICICI Prudential published. Here they are, so you can read the primary source yourself rather than take our word for it.
All Active Asset Allocator 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 | |||||||
|---|---|---|---|---|---|---|---|---|
| — | DynaSIF Active Asset Allocator 360 ONE | ₹10.4309 | ▲ 0.35% | ▼ 0.41% | ▲ 2.43% | ▲ 4.31% | 377 | 2 / 5 |
| — | iSIF Active Asset Allocator ICICI Prudential | ₹10.3977 | ▲ 1.52% | ▲ 0.22% | — | ▲ 3.98% | 1,145 | 2 / 5 |
| — | qSIF Active Asset Allocator Quant | ₹12.8432 | ▼ 0.32% | ▲ 11.14% | ▲ 27.52% | ▲ 28.43% | 909 | 2 / 5 |
| — | Summit Active Asset Allocator Long-Short Invesco | ₹10.02 | — | — | — | ▲ 0.20% | — | 3 / 5 |
| — | Titanium Active Asset Allocator Long-Short Tata | ₹10.0835 | ▲ 0.64% | — | — | ▲ 0.84% | — | 2 / 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.
Other SIFs from ICICI Prudential: iSIF Equity Ex-Top 100 LS · iSIF Equity Long-Short · iSIF Hybrid Long-Short
Fund house: all iSIF strategies and managers.
Compare iSIF Active Asset Allocator with: DynaSIF Active Asset Allocator · qSIF Active Asset Allocator.
Allocates dynamically across equity, debt and commodity exposure using derivatives, with unhedged short exposure of up to 25% of net assets. Multi-asset and tactical by design.
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.
Mr. Ihab Dalwai ceased to be a fund manager of this strategy from 15 June 2026 (Notice-cum-addendum No. 013/06/2026); Mr. Swapnil Sharma joined the team from 1 November 2026 (No. 017/10/2026). Every change is in the SIF changes log.
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.