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 65% in stocks ranked outside the top 100 by market capitalisation — a mid- and small-cap tilt — with unhedged short exposure of up to 25% of net assets.
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 | TREPS 01-Oct-2026 DEPO 10 INCBLO011026 | — | — | 29.39% |
| 02 | Indus Towers Limited INE121J01017 | Telecom - Services | LONG | 9.21% |
| 03 | Laurus Labs Ltd.Future INE947Q01028 | Pharmaceuticals & Biotechnology | SHORT | -7.11% |
| 04 | Gujarat Themis Biosyn Ltd INE942C01045 | Pharmaceuticals & Biotechnology | LONG | 5.24% |
| 05 | National Stock Exchange of India Limited INE721I01024 | — | LONG | 4.89% |
| 06 | Zydus Lifesciences Limited INE010B01027 | Pharmaceuticals & Biotechnology | LONG | 4.34% |
| 07 | LG Electronics India Limited INE324D01010 | Consumer Durables | LONG | 4.14% |
| 08 | Piramal Finance Ltd INE202B01038 | Finance | LONG | 3.97% |
| 09 | Glaxosmithkline Pharmaceuticals Ltd INE159A01016 | Pharmaceuticals & Biotechnology | LONG | 3.94% |
| 10 | Indegene Limited INE065X01017 | Healthcare Services | LONG | 3.89% |
| 11 | Aequs Ltd INE947N01017 | Aerospace & Defense | LONG | 3.89% |
| 12 | Glenmark Pharmaceuticals Ltd.Future INE935A01035 | Pharmaceuticals & Biotechnology | LONG | 3.51% |
| 13 | Sona BLW Precision Forgings Limited INE073K01018 | Auto Components | LONG | 3.40% |
| 14 | Container Corporation of India Ltd INE111A01025 | Transport Services | LONG | 3.28% |
| 15 | Life Insurance Corporation Of India INE0J1Y01017 | Insurance | LONG | 2.78% |
| 16 | Coal India Ltd.Future INE522F01014 | Consumable Fuels | LONG | 2.74% |
| 17 | Multi Commodity Exchange of India Ltd.Future INE745G01043 | Capital Markets | LONG | 2.62% |
| 18 | LTM Ltd.Future INE214T01019 | IT - Software | LONG | 2.49% |
| 19 | Colgate-Palmolive (India) Ltd INE259A01022 | Personal Products | LONG | 2.40% |
| 20 | Caliber Mining and Logistics Limited INE11XY01018 | Consumable Fuels | LONG | 2.26% |
| 21 | Nippon Life India Asset Management Ltd INE298J01013 | Capital Markets | LONG | 2.00% |
| 22 | INDO-MIM Limited INE084101034 | Industrial Manufacturing | LONG | 1.74% |
| 23 | Aurobindo Pharma Ltd.Future INE406A01037 | Pharmaceuticals & Biotechnology | LONG | 1.66% |
| 24 | Info Edge (India) Ltd.Future INE663F01032 | Retailing | LONG | 1.39% |
| 25 | Pfizer Ltd INE182A01018 | Pharmaceuticals & Biotechnology | LONG | 1.35% |
| 26 | Vedanta Oil & Gas Limited INE704J01044 | Oil | LONG | 1.14% |
| 27 | Prabha Energy Limited INE0I0M01023 | Oil | LONG | 0.98% |
| 28 | NCA-NET CURRENT ASSETS | — | — | -0.90% |
| 29 | 91 Days Treasury Bill 24-Dec-2026 IN002026X255 | — | LONG | 0.71% |
| 30 | 91 Days Treasury Bill 17-Dec-2026 IN002026X248 | — | LONG | 0.62% |
| 31 | 91 Days Treasury Bill 10-Dec-2026 IN002026X230 | — | LONG | 0.58% |
| 32 | Sonata Software Limited INE269A01021 | IT - Software | LONG | 0.54% |
| 33 | 91 Days Treasury Bill 03-Dec-2026 IN002026X222 | — | LONG | 0.49% |
| 34 | 91 Days Treasury Bill 19-Nov-2026 IN002026X206 | — | LONG | 0.45% |
| 35 | 91 Days Treasury Bill 27-Nov-2026 IN002026X214 | — | LONG | 0.45% |
| 36 | IRB Infrastructure Developers Limited INE821I01022 | Construction | LONG | 0.41% |
| 37 | Afcons Infrastructure Limited INE101I01011 | Construction | LONG | 0.34% |
| 38 | 91 Days Treasury Bill 05-Nov-2026 IN002026X180 | — | LONG | 0.31% |
| 39 | PTC India Limited INE877F01012 | Power | LONG | 0.30% |
| 40 | Simplex Infrastructures Limited INE059B01024 | Construction | LONG | 0.27% |
| 41 | 91 Days Treasury Bill 22-Oct-2026 IN002026X164 | — | LONG | 0.27% |
| 42 | 91 Days Treasury Bill 29-Oct-2026 IN002026X172 | — | LONG | 0.27% |
| 43 | TVS Srichakra Limited INE421C01016 | Auto Components | LONG | 0.21% |
| 44 | 91 Days Treasury Bill 01-Oct-2026 IN002026X131 | — | LONG | 0.18% |
| 45 | 91 Days Treasury Bill 15-Oct-2026 IN002026X156 | — | LONG | 0.18% |
| 46 | AWL Agri Business Limited INE699H01024 | Agricultural Food & other Products | LONG | 0.07% |
| 47 | Digitide Solutions Limited INE0U4701011 | IT - Services | LONG | 0.03% |
Aggregated from the disclosed cash-equity lines.
Reading this statement. 47 lines as printed by the AMC: 27 cash equity, 7 derivative, 11 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. 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.
The strategy invests at least 65% of assets in equity and equity-related instruments of companies outside India's top 100 by market capitalisation, and may run unhedged short exposure of up to 25% through derivatives.
Where the money goes. Under normal circumstances the ISID sets 65-100% of total assets in equity and equity-related instruments of companies excluding the top 100 by market capitalisation, 0-35% in equity of top-100 companies, 0-35% in debt and money market instruments, and 0-20% in REITs and InvITs. Source: ISID Part II.A, https://www.qsif.com/Admin/SIDPdf/ISID_qsif_Equity_Ex-Top_100_Long-Short_Fund.pdf
The short book is capped at a quarter of the portfolio. The ISID's indicative exposure table permits derivatives for non-hedging and non-rebalancing purposes of up to 50% long and unhedged short exposure of up to 25%. Beyond that cap, additional derivative exposure is permitted only for full hedging of the long portfolio and for rebalancing, and cumulative gross exposure across equity, debt, derivatives, repo and REITs/InvITs must not exceed 100% of net assets. Source: ISID Part II.A.
Open-ended, not interval. Unlike the qSIF Hybrid and Active Asset Allocator strategies, this one is open-ended: units may be purchased or redeemed on all Business Days at NAV-based prices, and the units are not proposed to be listed on any stock exchange. Redemption proceeds are dispatched within three working days of a valid request under normal circumstances. Source: ISID Section I Part I, items VI, VIII and IX.
Entry threshold is the SEBI SIF floor. Minimum investment is Rs 10,00,000 both during the NFO and on a continuous basis, in multiples of Re 1, with a Rs 1,00,000 minimum for accredited investors. Minimum additional purchase is Rs 10,000 and minimum redemption or switch-out is Rs 1,000. SIP, SWP and STP are each Rs 10,000 with a minimum of six instalments. Source: ISID Section I Part I, items XIV-XVI.
The short-derivative toolkit is disclosed up front. The ISID lists the tentative short strategies to be deployed with a stated risk level for each: short futures, synthetic short, long put, bear put spread, short call, bear call spread, long put butterfly and long put calendar. Short futures, synthetic short and short call are each flagged as carrying theoretically unlimited loss. Source: ISID Part II.C, 'What is the investment approach?'.
Sources: Quant/qsif — ISID (Investment Strategy Information Document) · Quant/qsif — Key Information Memorandum and Application Form · Quant/qsif — Factsheet, July 2026 (strategy page 17) · Quant/qsif — scheme page · Quant/qsif — downloads / KIM index. 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 — qsif Equity Ex-Top 100 (portfolio as on 30 Sep 2026) | Level 4 of 5 | Level 3 of 5 |
| Before | After | |
|---|---|---|
| Exit load | 1% if redeemed or switched out on or before 15 days from allotment; nil after | 3% if redeemed or switched out on or before 30 days from allotment; nil after |
Applies to: Investments made on or after 11 Sep 2026
| Before | After | |
|---|---|---|
| Risk band — qsif Equity Ex-Top 100 (portfolio as on 31 Aug 2026) | Level 3 of 5 | Level 4 of 5 |
| Before | After | |
|---|---|---|
| Risk band — qsif Equity Ex-Top 100 (portfolio as on 31 Jul 2026) | Level 4 of 5 | Level 3 of 5 |
| Before | After | |
|---|---|---|
| Minimum additional purchase | ₹10,000 | ₹1,000 |
| Minimum SIP, SWP and STP instalment (6 instalments minimum) | ₹10,000 | ₹1,000 |
| SIP pause facility | Not offered | SIP can be paused for up to 3 months |
Applies to: The ₹10 lakh minimum investment is unchanged
| Before | After | |
|---|---|---|
| Risk band — qsif Equity Ex-Top 100 (portfolio as on 30 Apr 2026) | Level 3 of 5 | Level 4 of 5 |
| Before | After | |
|---|---|---|
| Fund managers (all three strategies) | Sandeep Tandon, Ankit Pande, Lokesh Garg, Sameer Kate, Sanjeev Sharma | Sandeep Tandon, Ankit Pande, Sameer Kate, Sanjeev Sharma, Jignesh Shah |
| Before | After | |
|---|---|---|
| Risk band — qsif Equity Ex-Top 100 (portfolio as on 31 Jan 2026) | Level 4 of 5 | Level 3 of 5 |
| Before | After | |
|---|---|---|
| Risk band — qsif Equity Ex-Top 100 (portfolio as on 31 Dec 2025) | Level 5 of 5 | Level 4 of 5 |
| Benchmark risk band — NIFTY 500 TRI | Level 5 of 5 | Level 3 of 5 |
Everything on this page traces back to a document Quant published. Here they are, so you can read the primary source yourself rather than take our word for it.
All Equity Ex-Top 100 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 Ex-Top 100 LS Edelweiss | ₹10.3774 | ▼ 2.59% | ▼ 5.95% | — | ▲ 3.77% | 1,535 | 5 / 5 |
| — | Apex Equity Ex-Top 100 LS Aditya Birla SL | ₹9.97 | ▼ 0.80% | — | — | ▼ 0.30% | 250 | 3 / 5 |
| — | DynaSIF Equity Ex-Top 100 LS 360 ONE | ₹11.0413 | ▼ 2.75% | ▲ 2.11% | — | ▲ 10.41% | 343 | 5 / 5 |
| — | iSIF Equity Ex-Top 100 LS ICICI Prudential | ₹10.11 | ▼ 0.49% | ▼ 2.51% | ▲ 1.40% | ▲ 1.10% | 2,620 | 5 / 5 |
| — | Magnum Equity Ex-Top 100 LS SBI | ₹9.7843 | ▼ 1.03% | — | — | ▼ 2.16% | 1,598 | 5 / 5 |
| — | qSIF Equity Ex-Top 100 Quant | ₹11.4243 | ▲ 1.75% | ▼ 0.67% | ▲ 13.96% | ▲ 14.24% | 1,110 | 3 / 5 |
| — | WSIF Equity Ex-Top 100 The Wealth Company | ₹10.3834 | ▲ 0.19% | ▼ 3.91% | — | ▲ 3.83% | 76 | 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.
Other SIFs from Quant: qSIF Active Asset Allocator · qSIF Equity Long-Short · qSIF Hybrid Long-Short · qSIF Sector Rotation Long-Short
Fund house: all qSIF strategies and managers.
Compare qSIF Equity Ex-Top 100 with: Altiva Equity Ex-Top 100 LS · DynaSIF Equity Ex-Top 100 LS · WSIF Equity Ex-Top 100 · iSIF Equity Ex-Top 100 LS.
Holds at least 65% in stocks ranked outside the top 100 by market capitalisation — a mid- and small-cap tilt — with unhedged short exposure of up to 25% of net assets.
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. Lokesh Garg, named at launch, resigned with effect from 20 February 2026 and was replaced by Mr. Jignesh Shah (qsif Notice cum Addendum No. 04/2026). 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.