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
Invests across equity and debt within SEBI-defined bands, using derivatives both to hedge and to take short positions. Unhedged short exposure is capped at 25% of net assets. The most common SIF flavour, usually positioned as a balanced-advantage alternative.
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 | ** 08.85 % MUTHOOT FINANCE LTD. - 20/12/2028 INE414G07IS4 | CRISIL-AA+ | LONG | 9.24% |
| 02 | ** TREASURY BILL 364 DAYS (08/10/2026) IN002025Z286 | SOVRN-SOV | LONG | 4.62% |
| 03 | ** TREASURY BILL 364 DAYS (23/10/2026) IN002025Z302 | SOVRN-SOV | LONG | 4.61% |
| 04 | ** 07.51 % SMALL INDUST DEVLOP BANK OF INDIA - 12/06/2028 INE556F08KU4 | CRISIL-AAA | LONG | 4.60% |
| 05 | ** TREASURY BILL 182 DAYS (05/11/2026) IN002026Y055 | SOVRN-SOV | LONG | 4.60% |
| 06 | ICICI BANK LTD. INE090A01021 | Banks | LONG | 4.40% |
| 07 | HDFC BANK LTD. INE040A01034 | Banks | LONG | 4.33% |
| 08 | ** 08.20 % ADANI POWER LTD. - 25/01/2029 INE814H07208 | CRISIL-AA | LONG | 3.68% |
| 09 | MAHINDRA & MAHINDRA LTD. INE101A01026 | Automobiles | LONG | 3.00% |
| 10 | BHARTI AIRTEL LTD. INE397D01024 | Telecom - Services | LONG | 2.93% |
| 11 | ** 08.95 % CREDILA FINANCIAL SERVICES LTD. - 22/06/2028 INE539K07353 | ICRA-AA | LONG | 2.78% |
| 12 | RELIANCE INDUSTRIES LTD. INE002A01018 | Petroleum Products | LONG | 2.63% |
| 13 | LARSEN & TOUBRO LTD. INE018A01030 | Construction | LONG | 2.50% |
| 14 | I) REPO | — | — | 2.33% |
| 15 | LIFE INSURANCE CORPORATION OF INDIA INE0J1Y01017 | Insurance | LONG | 2.12% |
| 16 | NET CURRENT ASSETS | — | — | 2.00% |
| 17 | NTPC Ltd. INE733E01010 | Power | LONG | 1.97% |
| 18 | STATE BANK OF INDIA INE062A01020 | Banks | LONG | 1.95% |
| 19 | TEMPSENS INSTRUMENTS INDIA LIMITED INE1KZI01025 | Industrial Manufacturing | LONG | 1.95% |
| 20 | GOI - 7.02% (18/06/2031) IN0020240076 | SOV | LONG | 1.86% |
| 21 | EMBASSY OFFICE PARKS REIT INE041025011 | Realty | LONG | 1.81% |
| 22 | GOI - 6.36% (16/02/2031) IN0020250141 | SOV | LONG | 1.81% |
| 23 | ITC LTD. INE154A01025 | Diversified FMCG | LONG | 1.46% |
| 24 | VISHAL MEGA MART LTD INE01EA01019 | Retailing | LONG | 1.42% |
| 25 | AXIS BANK LTD. INE238A01034 | Banks | LONG | 1.36% |
| 26 | KANOHAR ELECTRICALS LTD. INE877D01025 | Electrical Equipment | LONG | 1.25% |
| 27 | BROOKFIELD INDIA REAL ESTATE TRUST INE0FDU25010 | Realty | LONG | 1.24% |
| 28 | Nifty midcap select indexDerivative | — | SHORT | -1.23% |
| 29 | LARSEN & TOUBRO LTD.Derivative | Construction | SHORT | -1.22% |
| 30 | AXIS BANK LTD.Derivative | Banks | LONG | 1.14% |
| 31 | HDFC BANK LTD.Derivative | Banks | LONG | 1.12% |
| 32 | BPCLDerivative | Petroleum Products | LONG | 1.11% |
| 33 | MARUTI SUZUKI INDIA LTD. INE585B01010 | Automobiles | LONG | 1.11% |
| 34 | BRITANNIA INDUSTRIES LTD. INE216A01030 | Food Products | LONG | 1.07% |
| 35 | VEDANTA ALUMINIUM METAL LTD. INE1CDF01017 | Non - Ferrous Metals | LONG | 1.07% |
| 36 | JINDAL STEEL LTD. INE749A01030 | Ferrous Metals | LONG | 1.05% |
| 37 | ULTRATECH CEMENT LTD.Derivative | Cement & Cement Products | LONG | 1.01% |
| 38 | TATA COMMUNICATIONS LTD. INE151A01013 | Telecom - Services | LONG | 0.98% |
| 39 | TATA CONSUMER PRODUCTS LTD.Derivative | Agricultural Food & other Products | LONG | 0.97% |
| 40 | SHREE CEMENT LTD. INE070A01015 | Cement & Cement Products | LONG | 0.95% |
| 41 | SDL GUJARAT 8.35% (06/03/2029) IN1520180317 | SOV | LONG | 0.95% |
| 42 | INDUS TOWERS LTD.Derivative | Telecom - Services | LONG | 0.94% |
| 43 | SBI LIFE INSURANCE COMPANY LTD.Derivative | Insurance | LONG | 0.94% |
| 44 | CAN FIN HOMES LTD. INE477A01020 | Finance | LONG | 0.93% |
| 45 | SGS ANDHRA PRADESH 7.54% (11/01/2029) IN1020220613 | SOV | LONG | 0.93% |
| 46 | DR REDDYS LABORATORIES LTD. INE089A01031 | Pharmaceuticals & Biotechnology | LONG | 0.91% |
| 47 | BAYER CROPSCIENCE LTD. INE462A01022 | Fertilizers & Agrochemicals | LONG | 0.91% |
| 48 | TENNECO CLEAN AIR INDIA LIMITED. INE19RI01016 | Auto Components | LONG | 0.90% |
| 49 | CUMMINS INDIA LTD.Derivative | Industrial Products | LONG | 0.89% |
| 50 | SWIGGY LTDDerivative | Retailing | LONG | 0.85% |
| 51 | AMBUJA CEMENTS LTD.Derivative | Cement & Cement Products | SHORT | -0.83% |
| 52 | DLF LTD.Derivative | Realty | SHORT | -0.82% |
| 53 | PRESTIGE ESTATES PROJECTS LTD. INE811K01011 | Realty | LONG | 0.82% |
| 54 | INDIAN OIL CORPORATION LTD. INE242A01010 | Petroleum Products | LONG | 0.81% |
| 55 | HDFC LIFE INSURANCE CO. LTD. INE795G01014 | Insurance | LONG | 0.77% |
| 56 | HAVELLS INDIA LTD. INE176B01034 | Consumer Durables | LONG | 0.75% |
| 57 | ICICI LOMBARD GENERAL INSURANCE CO. LTD. INE765G01017 | Insurance | LONG | 0.74% |
| 58 | KEI INDUSTRIES LTD.Derivative | Industrial Products | LONG | 0.72% |
| 59 | BLUE STAR LTD. INE472A01039 | Consumer Durables | LONG | 0.70% |
| 60 | JSW DULUX LTD. INE133A01011 | Consumer Durables | LONG | 0.68% |
| 61 | TATA CHEMICALS LTD. INE092A01019 | Chemicals & Petrochemicals | LONG | 0.68% |
| 62 | CG POWER AND INDUSTRIAL SOLUTIONS LTD.Derivative | Electrical Equipment | SHORT | -0.68% |
| 63 | ANGEL ONE LTD.Derivative | Capital Markets | LONG | 0.64% |
| 64 | ZF COMMERCIAL VEHICLE CONTROL SYSTEMS INDIA LTD. INE342J01019 | Auto Components | LONG | 0.61% |
| 65 | SPR AUTO TECHNOLOGIES LTD INE526E01018 | Auto Components | LONG | 0.53% |
| 66 | MPHASIS LTD. INE356A01018 | IT - Software | LONG | 0.52% |
| 67 | ABBOTT INDIA LTD. INE358A01014 | Pharmaceuticals & Biotechnology | LONG | 0.48% |
| 68 | TVS HOLDINGS LTD. INE105A01035 | Finance | LONG | 0.45% |
| 69 | SYNGENE INTERNATIONAL LTD. INE398R01022 | Healthcare Services | LONG | 0.37% |
| 70 | AMBER ENTERPRISES INDIA LTD. INE371P01015 | Consumer Durables | LONG | 0.37% |
| 71 | PB FINTECH LTD. INE417T01026 | Financial Technology (Fintech) | LONG | 0.30% |
| 72 | DHOOT TRANSMISSION LTD. INE01NH01023 | Auto Components | LONG | 0.17% |
| 73 | Nifty midcap select index Put OptionOption | — | LONG | 0.12% |
| 74 | VEDANTA IRON AND STEEL LTD. INE1CLE01013 | Ferrous Metals | LONG | 0.03% |
| 75 | PRESTIGE ESTATES PROJECTS LTD. Call OptionOption | Realty | SHORT | -0.02% |
| 76 | ICICI BANK LTD. Call OptionOption | Banks | SHORT | -0.02% |
| 77 | MAX HEALTHCARE INSTITUTE LTD. INE027H01010 | Healthcare Services | LONG | 0.01% |
| 78 | JINDAL STEEL LTD. Call OptionOption | Ferrous Metals | SHORT | -0.01% |
| 79 | HDFC BANK LTD. Call OptionOption | Banks | LONG | 0.01% |
Aggregated from the disclosed cash-equity lines.
Reading this statement. 79 lines as printed by the AMC: 45 cash equity, 21 derivative, 8 debt, 4 money-market, 1 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 hybrid long-short strategy that runs a 65–75% equity book against a 25–35% debt book, using derivatives both to hedge and to take limited short positions. Subscriptions are accepted daily; redemptions are processed once a week, on Wednesdays.
The objective, as stated in the scheme document. Tata's Investment Strategy Information Document defines the aim as generating "medium to long term capital appreciation by investing in equity and equity related instruments as well as debt and money market instruments, including limited short exposure in equity and debt through derivatives" — with the standard caveat that there is no assurance the objective will be achieved.
The equity book is bounded, not flexible. Equity and equity-related instruments are held between 65% and 75% of investible funds — a materially narrower band than a balanced-advantage fund, which can swing far wider. Debt and money-market instruments take 25–35%, and REITs/InvITs up to 10%.
Shorting is capped at a quarter of the book. Within the equity allocation, hedged exposure (index and stock futures and options, covered calls, protective puts) may run to 75%, while unhedged short derivative positions are capped at 25% of net assets — the ceiling SEBI's SIF framework permits. Cumulative gross exposure is capped at 100% of net assets.
Liquidity is the real trade-off here. This is an interval strategy. You can subscribe on any business day, but redemptions are processed only once a week, on Wednesdays (the next business day if a Wednesday is a holiday), and Tata reserves the right to change the frequency and day. At launch redemption was monthly; the weekly window is set out in Tata's current Investment Strategy Information Document, dated 30 September 2026. Units are listed on the BSE. Anyone treating a SIF like an open-ended fund should understand this constraint before committing capital.
The risk band moves. At launch the strategy carried Risk Band Level 5; an addendum effective 10 January 2026 moved it to Level 3, and AMFI's Investment Strategy Summary Document now records Level 5 as on date. SIF risk bands are re-evaluated monthly, so this figure is time-sensitive by design — check the current band before you invest.
Sources: Tata MF — Investment Strategy Information Document (ISID) · Tata MF — Key Information Memorandum (KIM) · Tata MF — 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 | |
|---|---|---|
| Redemption frequency | Once a month, on the first business day | Once a week, every Wednesday (next business day if Wednesday is a holiday) |
| Before | After | |
|---|---|---|
| Risk band of the strategy (portfolio as on 30 Jun 2026) | Level 3 of 5 | Level 5 of 5 |
Notice cum Addendum, risk band as on Jun 2026 (the notice is not dated)
| Before | After | |
|---|---|---|
| Risk band of the strategy (portfolio as on 31 May 2026) | Level 5 of 5 | Level 3 of 5 |
Notice cum Addendum, risk band as on May 2026 (the notice is not dated)
| Before | After | |
|---|---|---|
| Fund managers (both strategies) | Suraj Nanda, Amit Somani, Hasmukh Devji Vishariya | Suraj Nanda, Akhil Mittal, Hasmukh Devji Vishariya |
| Before | After | |
|---|---|---|
| Risk band of the strategy (portfolio as on 30 Apr 2026) | Level 3 of 5 | Level 5 of 5 |
Notice cum Addendum, risk band as on Apr 2026 (the notice is not dated)
| Before | After | |
|---|---|---|
| Additional investment | ₹10 lakh minimum across all Titanium SIF strategies at PAN level; no separate rule for top-ups | Holdings must stay at ₹10 lakh across Titanium SIF. If the current value is below ₹10 lakh, a top-up must be at least ₹10 lakh minus that value; at ₹10 lakh or more, the ISID's normal additional-investment minimum applies |
| Before | After | |
|---|---|---|
| Risk band of the strategy (portfolio as on 31 Jan 2026) | Level 2 of 5 | Level 3 of 5 |
Notice cum Addendum, risk band as on Jan 2026 (the notice is not dated)
| Before | After | |
|---|---|---|
| Exit load | 1% if redeemed or switched out on or before 1 year from allotment; nil after | 1% if redeemed or switched out on or before 1 month from allotment; nil after |
| Before | After | |
|---|---|---|
| Risk band of the strategy (portfolio as on 31 Dec 2025) | Level 5 of 5 | Level 2 of 5 |
Notice cum Addendum, risk band as on Dec 2025 (the notice is not dated)
Everything on this page traces back to a document Tata published. Here they are, so you can read the primary source yourself rather than take our word for it.
All Hybrid 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 Hybrid Long-Short Edelweiss | ₹10.977 | ▲ 0.30% | ▲ 0.08% | ▲ 4.11% | ▲ 9.77% | 11,231 | 1 / 5 |
| — | Apex Hybrid Long-Short Aditya Birla SL | ₹10.8831 | ▲ 1.28% | ▲ 2.35% | ▲ 7.97% | ▲ 8.83% | 354 | 1 / 5 |
| — | Arudha Hybrid Long-Short Bandhan | ₹10.439 | ▲ 0.41% | ▲ 0.75% | ▲ 3.02% | ▲ 4.39% | 158 | 1 / 5 |
| — | Infinity Hybrid Long-Short Kotak Mahindra | ₹10.495 | ▲ 1.22% | ▲ 2.80% | — | ▲ 4.95% | 2,995 | 1 / 5 |
| — | iSIF Hybrid Long-Short ICICI Prudential | ₹10.6585 | ▲ 3.06% | ▲ 0.09% | ▲ 6.44% | ▲ 6.59% | 1,557 | 5 / 5 |
| — | Magnum Hybrid Long-Short SBI | ₹10.4411 | ▲ 1.27% | ▼ 0.49% | ▲ 2.15% | ▲ 4.41% | 3,982 | 1 / 5 |
| — | Platinum Hybrid Long-Short Mirae Asset | ₹10.211 | ▲ 1.74% | ▲ 0.01% | — | ▲ 2.11% | 385 | 1 / 5 |
| — | Prism Hybrid Long-Short Fund Jio BlackRock | ₹10.2684 | ▲ 0.57% | ▲ 1.60% | — | ▲ 2.68% | 459 | 2 / 5 |
| — | qSIF Hybrid Long-Short Quant | ₹12.7263 | ▼ 1.03% | ▲ 15.65% | ▲ 20.78% | ▲ 27.26% | 663 | 3 / 5 |
| — | RedHex Hybrid Long-Short HSBC | ₹10.2748 | ▲ 0.49% | ▲ 1.48% | — | ▲ 2.75% | 1,504 | 2 / 5 |
| — | Titanium Hybrid Long-Short Tata | ₹10.3557 | ▲ 4.73% | ▲ 1.77% | ▲ 3.76% | ▲ 3.56% | 541 | 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 Tata: Titanium Active Asset Allocator Long-Short · Titanium Equity Long-Short
Fund house: all Titanium SIF strategies and managers.
Compare Titanium Hybrid Long-Short with: Altiva Hybrid Long-Short · Apex Hybrid Long-Short · Arudha Hybrid Long-Short · Infinity Hybrid Long-Short · Magnum Hybrid Long-Short · Platinum Hybrid Long-Short · RedHex Hybrid Long-Short · iSIF Hybrid Long-Short · qSIF Hybrid Long-Short.
Invests across equity and debt within SEBI-defined bands, using derivatives both to hedge and to take short positions. Unhedged short exposure is capped at 25% of net assets. The most common SIF flavour, usually positioned as a balanced-advantage alternative.
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.
PGDM (Finance) and a bachelor's degree in electronics, per the ISID; Tata's profile specifies a Bachelor's in Electronics & Telecommunication Engineering from Jadavpur University and an MBA in Finance from SPJIMR, Mumbai, and says he has completed all three levels of the CFA Program. Joined Tata Asset Management in 2025 as Fund Manager – SIF; before that, he spent about nine years (May 2016 to June 2025) at ICICI Prudential AMC, as an analyst covering multiple sectors and later as Fund Manager for its long-short AIF. Also manages Titanium Equity Long-Short Fund. The ISID dated 30 September 2026 shows him managing this strategy since 11 December 2025.
B.Com; MBA (University Business School). With Tata Asset Management since June 2014 as a fixed-income fund manager, managing debt funds including ultra-short, short- and long-duration funds and the fixed-income allocation of hybrid funds. Earlier a fixed-income fund manager at Canara Robeco Asset Management (September 2008 to November 2010, and March 2011 to June 2014) and at Principal PNB Asset Management (November 2010 to February 2011); began his career in 2004 in the treasury department of Rallis India, then worked in corporate treasury at Edelweiss Securities from 2006. Also manages Titanium Equity Long-Short Fund and Titanium Active Asset Allocator Long-Short Fund. Took over from Amit Somani on this strategy from 1 June 2026, under Tata's addendum dated 29 May 2026.
Chartered Accountant (ICAI); Tata's profile adds that he has cleared CFA Level 1. Joined Tata Asset Management in March 2024 as a research analyst covering IT, internet, telecom and media, and since March 2025 has been a fund manager and research analyst with responsibility for overseas investments across various funds. Earlier with Star Union Dai-ichi Life Insurance, as an assistant manager in investment back and mid office (October 2017 to January 2019) and as a research analyst covering IT, consumer and building materials (February 2019 to March 2024). Also manages Titanium Equity Long-Short Fund and Titanium Active Asset Allocator Long-Short Fund. The ISID dated 30 September 2026 shows him managing this strategy, for overseas investment, since 11 December 2025.
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.