The qSIF Hybrid Long‑Short Fund eclipsed its benchmark over both the three‑month and six‑month periods, posting 21.81% versus 2.90% and 27.43% versus –1.37%, respectively.
The fund’s strategy blends equity arbitrage, fixed‑income holdings and derivative long‑short positions, a mix that delivered 30.59% since inception, outperforming the benchmark’s –0.59% drop.
At the end of August, the portfolio was 52% equities, 25% debt, 6% InvITs, with net exposure of 43% and a beta of 0.17, underscoring modest market sensitivity.
Analysts note that the SIF category, launched in 2025, remains nascent, and that the fund’s high returns may hinge on short‑term arbitrage opportunities that could erode if liquidity tightens.
Investors face a ₹10 lakh minimum and should weigh the fund’s exposure to credit and interest‑rate risk, especially as the RBI’s policy stance could tighten borrowing costs.