iSIF Equity Long-Short Fund: NAV, returns, unhedged exposure and holdings
iSIF Equity Long-Short Fund is an equity long-short Specialised Investment Fund from ICICI Prudential Mutual Fund. Its NAV was Rs 10.2500 on 21 October 2026, +2.50% since it launched on 8 June 2026. Unhedged derivatives: 2.41% of net assets across 2 positions. 1.41% is long (betting on a rise), 1.00% is short (betting on a fall).
Key facts
| Fund house | ICICI Prudential Mutual Fund |
|---|---|
| Brand | iSIF SIF |
| Strategy | Equity long-short |
| Plan shown | Regular, Growth |
| Launched | 8 June 2026 |
| NAV on 21 Oct 2026 | Rs 10.2500 |
| Fund size (30 Sep 2026) | Rs 789.84 crore |
| Risk band (fund house) | 5 of 5 |
| Holdings | 121 |
| Portfolio turnover | 1.19x |
| Minimum investment | Rs 10 lakh per investor per fund house (SIF rule) |
Returns
| 1 month | -4.65% |
|---|---|
| 3 months | -0.77% |
| Since launch (135 days) | +2.50% |
Returns are absolute and measured on the Regular plan growth NAV from AMFI up to 21 October 2026. The fund is 135 days old, so annualising would mislead.
How the money is invested
| Equity (unhedged) | 77.85% |
|---|---|
| Arbitrage (hedged equity) | 4.61% |
| Fixed income | 17.55% |
Unhedged derivatives
Unhedged derivatives: 2.41% of net assets across 2 positions. 1.41% is long (betting on a rise), 1.00% is short (betting on a fall).
What does this mean? Derivatives are contracts whose value moves with a share or an index. A long position gains if prices rise and a short position gains if they fall. “Unhedged” means the position is not matched by a share holding in the fund.
| Position | Sector | % of net assets |
|---|---|---|
| HDFC Life Insurance Company Ltd (futures) | Insurance | +1.41% |
| ITC Ltd. (call written and put bought, together a short) | Diversified Fmcg | -1.00% |
Futures and options the fund is not using to hedge a holding, as % of net assets. Not counted: calls written on shares the fund holds (covered calls, 8.3% of net assets), short futures against holdings and puts bought on shares it holds (protection). Also not counted: puts bought on shares or an index it does not hold (4.96% at exposure value): the most the fund can lose on a bought put is the premium, and the AMC puts all its non-hedging options at about 0.27% of net assets.
Top equity holdings
| Company | Sector | % of net assets |
|---|---|---|
| Cummins India Ltd. | Industrial Products | 3.83% |
| Reliance Industries Ltd. | Petroleum Products | 3.19% |
| Mahindra & Mahindra Ltd. | Automobiles | 2.38% |
| Life Insurance Corporation of India | Insurance | 2.25% |
| ICICI Bank Ltd. | Banks | 2.20% |
| Adani Energy Solutions Ltd. | Power | 1.91% |
| MAS Financial Services Ltd. | Finance | 1.65% |
| Avenue Supermarts Ltd. | Retailing | 1.56% |
| Premier Energies Ltd. | Electrical Equipment | 1.53% |
| Swiggy Ltd | Retailing | 1.46% |
Top debt holdings
| Security | Rating | % of net assets |
|---|---|---|
| 182 Days Treasury Bills | SOV | 1.26% |
| 364 Days Treasury Bills | SOV | 1.26% |
Sector mix
Industrial Products 11.1%, Power 8.6%, Retailing 7.7%, Petroleum Products 5.1%, Automobiles 4.9%, Other sectors 45.1%.
Frequently asked questions
What is iSIF Equity Long-Short Fund?
iSIF Equity Long-Short Fund is a Specialised Investment Fund (SIF) from ICICI Prudential Mutual Fund. It follows an equity long-short strategy, which means it can hold shares it expects to rise and take short positions through derivatives. It launched on 8 June 2026.
What is the minimum investment?
SIFs need at least Rs 10 lakh per investor per fund house, across that fund house’s SIF strategies. Check the scheme’s offer documents for any further rules.
How has iSIF Equity Long-Short Fund performed?
On 21 October 2026 the NAV was Rs 10.2500, a change of +2.50% since launch 135 days earlier. This is a short record, so it says little about how the fund behaves over a full market cycle. Past returns do not predict future returns.
Does the fund hold unhedged derivatives?
Yes. Unhedged derivatives: 2.41% of net assets across 2 positions. 1.41% is long (betting on a rise), 1.00% is short (betting on a fall).
Where does this data come from?
NAV comes from AMFI. Portfolio data comes from the fund house’s monthly disclosure for 30 September 2026 (ICICI Prudential Mutual Fund monthly portfolio disclosure). We check it daily and note the date on every figure.
Compare and explore
Other iSIF SIF funds
- iSIF Equity Ex-Top 100 Long-Short Fund
- iSIF Hybrid Long-Short Fund
- iSIF Active Asset Allocator Long-Short Fund
Other equity long-short funds
- qsif Equity Long-Short Fund
- Diviniti Equity Long-Short Fund
- DynaSIF Equity Long-Short Fund
- Arudha Equity Long-Short Fund
- Sapphire Equity Long-Short Fund
Data as of 30 September 2026 (portfolio) and 21 October 2026 (NAV). Sources: AMFI and ICICI Prudential Mutual Fund monthly disclosures. This page is information, not advice, and no return is promised. Ashish Jain, AMFI-registered mutual fund distributor, ARN-294841. Mutual fund investments are subject to market risks; read all scheme related documents carefully.