qSIF Equity Ex-Top 100
Equity Ex-Top 100 Long-Short · Quant · Full fund page, with SEBI-format performance
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.
Key terms
| Minimum investment | ₹10 lakh across all strategies of this SIF, at PAN level (accredited investors exempt; the fund house sets their minimum). Mutual fund holdings do not count. |
|---|---|
| Structure | Open-ended |
| Subscriptions | Daily (business days only) |
| Redemptions | Daily (business days only) |
| Notice period | None (ISID: not applicable — open-ended strategy) |
| Cut-off and payout | 3.00 pm · Within 3 working days of the redemption date (normal circumstances) |
| Exit load | 3% if redeemed or switched out on or before completion of 30 days from allotment; nil after 30 days (for investments made on or after 11 Sep 2026, Addendum 15/2026 dated 10 Sep 2026). Investments made before 11 Sep 2026: 1% on or before 15 days; nil after. |
| Listed on an exchange | Not listed |
| Expense ratio (Regular) | 1.84% base · 3.59% totalTotal adds brokerage, transaction costs and levies · AMFI · Regular plan · 5 Nov 2026 |
| Risk band (AMC-declared) | Level 3 of 5, as on 30 October 2026; reviewed monthly |
| Benchmark | NIFTY 500 Total Return Index (TRI) |
| Asset allocation | Of total assets, under normal circumstances: equity and equity-related instruments of companies excluding the top 100 by market capitalisation 65% min / 100% max; equity and equity-related instruments of top-100 companies 0% / 35%; debt and money market instruments 0% / 35%; REITs and InvITs 0% / 20% |
| Unhedged short cap | Derivatives for non-hedging and other than portfolio-rebalancing purposes: long up to 50%; unhedged short exposure up to 25%. Additional derivative exposure beyond this is permitted only for 100% hedging of the long portfolio and for rebalancing. Hedged positions in equity and equity-related instruments up to 100% of net assets. Cumulative gross exposure capped at 100% of net assets |
| Plans & options | Regular Plan and Direct Plan, both sharing a common portfolio. Options under each plan: Growth, and Income Distribution cum Capital Withdrawal (IDCW) with Payout and Reinvestment facilities. Default between Growth and IDCW is Growth; within IDCW the default is Reinvestment |
| Date of allotment | 12 November 2025 |
| Fund managers | Sandeep Tandon, Ankit Pande, Sameer Kate, Sanjeev Sharma, Jignesh Shah |
Redemption terms from our liquidity record, checked 3 November 2026; sources: AMFI portal — Investment Strategy Information Document (S-6); AMFI portal — Investment Strategy Summary Document (SSD_S-6); undated, date is PDF metadata; qsif — Notice cum Addendum No. 15/2026, change in exit load (all five qsif strategies), effective 11 Sep 2026; qsif — Addendum / Notice page (checked 3 Nov 2026; no redemption-frequency or notice-period changes listed); qsif — Factsheet, October 2026 edition. Other rows as stated on the fund page, which cites the fund house’s documents. Fund houses change terms by notice-cum-addendum; the latest offer documents govern.
Read before investing
- Quant/qsif — ISID (Investment Strategy Information Document)
- Quant/qsif — Key Information Memorandum and Application Form
- Quant/qsif — downloads / KIM index
- How a Equity Ex-Top 100 Long-Short strategy works, from SEBI’s rules
What your distributor should explain
SEBI asks a distributor to explain, in clear language, before an investment (SEBI FAQs for distributors, C10):
- the relatively higher-risk nature of the product;
- the ₹10 lakh PAN-level threshold and what happens on an active or a passive breach;
- the strategy’s objective, asset allocation, derivatives exposure, risk band and scenario analysis;
- the subscription and redemption frequency, notice period, liquidity-management tools, fees, expenses and exit load, if any.
Investments in Specialized Investment Fund involves relatively higher risk including potential loss of capital, liquidity risk and market volatility. Please read all investment strategy related documents carefully before making the investment decision.
This note gives facts from public documents; it is not a recommendation and does not say whether the strategy suits you. It shows no performance: see the fund page for figures in SEBI’s format. Trustner Asset Services Pvt. Ltd. (CIN U66301AS2023PTC025505) is an AMFI-registered Mutual Fund & SIF Distributor, ARN-286886, offers the Regular plan and receives commission from the fund house. merasif.com