Markets / Mutual funds / Equity Long-Short Fund

Sapphire Equity Long-Short SIF - Regular Plan - IDCW

NAVs of 8 Nov 2026

Sapphire SIF · Specialised Investment Fund · Regular plan · IDCW

SIFEquity Long-Short FundRegular · IDCWRisk: HighOpen Ended

NAV · 6 Nov 2026

₹1,005.2144 ▲ 0.78%

Sapphire SIF

Fund size₹208 crJuly - September 2026

1-month range₹931.46 – 1,005.21

Since launch+0.52%from 10 Apr 2026

Expense ratio2.98%regular plan, a year

Minimum₹10 lakhacross a fund house's SIFs

What the fund does

The investment strategy seeks to generate alpha over the long term by investing across a spectrum of large, mid and small cap companies using long/short equity strategies. There is no assurance that the investment objective of the investment strategy will be achieved.

BenchmarkNifty 500 TRI

Launched10 Apr 2026

TypeOpen Ended

Fund houseSapphire SIF

Fund managersArihant Jain

NAV history

Returns

1 week

+5.97%avg 5.1%

1 month

+5.03%avg 3.8%

3 months

-1.91%avg -0.8%

6 months

-0.41%avg 1.0%

Bars: this plan; the thin mark is the Equity Long-Short Fund average (regular plans, growth option). Over a year: yearly averages (CAGR). Past returns do not guarantee future returns. Information only, not investment advice.

Monthly returns (%)

Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026				+0.0	-1.0	+1.0	+0.9	+0.2	-5.6	-0.8	+6.0

Each month's change in NAV (the current month to the latest NAV).

What if you had invested?

Amount (₹) Started

Worked out from this plan's actual NAVs. SIF minimum: ₹10 lakh in total. SIP: invested on the first NAV of each month. Taxes and exit loads are not included. Past returns do not guarantee future returns. Information only, not investment advice.

Portfolio as on 30 Sept 2026

Stocks held111121 lines in all

Top 10 stocks29.0%of the fund

Short positions-3.8%sold through derivatives

Net equity90.0%long stocks and derivatives minus shorts

Where the money is

Equity 93.8%Cash & others 6.3%Short -3.8%

Sectors (stocks held)

Banks

17.5%

Pharmaceuticals & Biotechnology

7.2%

Finance

6.1%

IT - Software

5.7%

Petroleum Products

5.6%

Automobiles

4.0%

Telecom - Services

3.9%

Consumer Durables

3.5%

Changes since 31 Jul 2026

Share of fund	30 Sept 2026	31 Jul 2026	Change
Stocks held	93.8%	97.2%	-3.46
Short positions	-3.8%	0.0%	-3.75
Cash & others	6.3%	2.8%	+3.46
Top 10 stocks	29.0%	30.4%	-1.32
Number of stocks	111	113	-2

New stocks 19

Solar Industries India Ltd1.13%
Welspun Corp Ltd1.03%
Steel Authority of India Ltd0.98%
Divi's Laboratories Ltd0.97%
HCL Technologies Ltd0.87%
Dixon Technologies (India) Ltd0.76%
Aditya Birla Capital Ltd0.71%
SBI Life Insurance Co Ltd ! ~~0.66%
Kajaria Ceramics Ltd0.53%
Apollo Hospitals Enterprise Ltd0.48%
Navin Fluorine International Ltd0.36%
Chennai Petroleum Corporation Ltd0.32%
Vijaya Diagnostic Centre Ltd0.29%
Canara HSBC Life Insurance Co Ltd0.25%
IIFL Finance Ltd0.25%
National Aluminium Co Ltd0.24%
Capri Global Capital Ltd0.19%
Cemindia Projects Ltd0.18%
Hindustan Copper Ltd0.17%

Show 11 moreShow fewer

Stocks sold off 21

BSE Ltdwas 1.60%
Interglobe Aviation Ltdwas 1.24%
Muthoot Finance Ltdwas 1.09%
Bharat Forge Ltdwas 0.81%
Fortis Healthcare Ltdwas 0.77%
Bandhan Bank Ltdwas 0.76%
Delhivery Ltdwas 0.71%
Glenmark Pharmaceuticals Ltdwas 0.69%
Oil & Natural Gas Corporation Ltdwas 0.61%
Indraprastha Gas Ltdwas 0.44%
Godrej Properties Ltdwas 0.42%
Vedanta Ltdwas 0.39%
The Jammu & Kashmir Bank Ltdwas 0.32%
Godfrey Phillips India Ltdwas 0.30%
R R Kabel Ltdwas 0.30%
Birlasoft Ltdwas 0.30%
Mahanagar Gas Ltdwas 0.28%
Anant Raj Ltdwas 0.26%
Gujarat Energy Ltdwas 0.24%
Jio Financial Services Ltdwas 0.21%
eClerx Services Ltdwas 0.20%

Show 13 moreShow fewer

Bought more 14

Bajaj Finance Ltd+1.41
Sun Pharmaceutical Industries Ltd+1.27
State Bank of India+1.17
Life Insurance Corporation Of India+0.71
Reliance Industries Ltd $ ^ ~~+0.68
Radico Khaitan Ltd+0.58
Adani Energy Solutions Ltd+0.55
Punjab National Bank+0.55
Trent Ltd+0.47
Bharti Airtel Ltd !! ~~+0.46
Great Eastern Shipping Co Ltd+0.30
Lupin Ltd+0.28
Aurobindo Pharma Ltd+0.28
Coal India Ltd+0.27

Show 6 moreShow fewer

Cut back 22

Mahindra & Mahindra Ltd-1.00
ICICI Bank Ltd ^ ~~-0.96
Axis Bank Ltd-0.93
Tata Steel Ltd-0.81
Tata Motors Passenger Vehicles Ltd-0.68
Bajaj Holdings & Investment Ltd-0.66
Ultratech Cement Ltd-0.65
HDFC Asset Management Co Ltd-0.64
Larsen & Toubro Ltd $$ ~~-0.57
Union Bank Of India-0.53
Oracle Financial Services Software Ltd-0.52
Bank of Baroda-0.47
Infosys Ltd-0.42
Cummins India Ltd-0.41
Hindalco Industries Ltd-0.38
Eternal Ltd-0.38
Tata Capital Ltd-0.32
Hindustan Zinc Ltd-0.30
HDFC Bank Ltd # ~~-0.29
Power Finance Corporation Ltd-0.27
ITC Hotels Ltd-0.26
Creditaccess Grameen Ltd-0.25

Show 14 moreShow fewer

Change is in percentage points. Bought more and cut back list stocks whose share of the fund moved by at least 0.25 points. A share can also move because the price changed, not only because the fund traded.

Stocks held 111

Holding	Sector / type	% of fund
HDFC Bank Ltd # ~~ INE040A01034	Banks	4.81%
ICICI Bank Ltd ^ ~~ INE090A01021	Banks	4.31%
Reliance Industries Ltd $ ^ ~~ INE002A01018	Petroleum Products	4.14%
Bharti Airtel Ltd !! ~~ INE397D01024	Telecom - Services	2.94%
Infosys Ltd INE009A01021	IT - Software	2.55%
Larsen & Toubro Ltd $$ ~~ INE018A01030	Construction	2.50%
State Bank of India INE062A01020	Banks	2.33%
Bajaj Finance Ltd INE296A01032	Finance	1.86%
Axis Bank Ltd INE238A01034	Banks	1.83%
ITC Ltd INE154A01025	Diversified FMCG	1.75%
Tata Consultancy Services Ltd INE467B01029	IT - Software	1.72%
Sun Pharmaceutical Industries Ltd INE044A01036	Pharmaceuticals & Biotechnology	1.51%
Titan Co Ltd INE280A01028	Consumer Durables	1.44%
Tata Motors Ltd INE1TAE01010	Agricultural, Commercial & Construction Vehicles	1.39%
Nestle India Ltd INE239A01024	Food Products	1.37%
Laurus Labs Ltd INE947Q01028	Pharmaceuticals & Biotechnology	1.36%
Adani Power Ltd INE814H01029	Power	1.34%
Trent Ltd INE849A01020	Retailing	1.33%
Samvardhana Motherson International Ltd INE775A01035	Auto Components	1.30%
Bajaj Auto Ltd INE917I01010	Automobiles	1.27%
Hero MotoCorp Ltd INE158A01026	Automobiles	1.26%
Lupin Ltd INE326A01037	Pharmaceuticals & Biotechnology	1.21%
Coal India Ltd INE522F01014	Consumable Fuels	1.20%
Aurobindo Pharma Ltd INE406A01037	Pharmaceuticals & Biotechnology	1.14%
Solar Industries India Ltd INE343H01029	Chemicals & Petrochemicals	1.13%
Hindustan Aeronautics Ltd INE066F01020	Aerospace & Defense	1.04%
Indian Hotels Co Ltd INE053A01029	Leisure Services	1.04%
Welspun Corp Ltd INE191B01025	Industrial Products	1.03%
Hindalco Industries Ltd INE038A01020	Non - Ferrous Metals	1.00%
Apar Industries Ltd INE372A01015	Electrical Equipment	0.99%
Mahindra & Mahindra Ltd INE101A01026	Automobiles	0.99%
Steel Authority of India Ltd INE114A01011	Ferrous Metals	0.98%
Divi's Laboratories Ltd INE361B01024	Pharmaceuticals & Biotechnology	0.97%
Life Insurance Corporation Of India INE0J1Y01017	Insurance	0.97%
Bank Of Maharashtra INE457A01014	Banks	0.94%
HCL Technologies Ltd INE860A01027	IT - Software	0.87%
Great Eastern Shipping Co Ltd INE017A01032	Transport Services	0.84%
Lodha Developers Ltd INE670K01029	Realty	0.82%
Radico Khaitan Ltd INE944F01028	Beverages	0.82%
Eternal Ltd INE758T01015	Retailing	0.82%
Power Finance Corporation Ltd INE134E01011	Finance	0.78%
Hitachi Energy India Ltd INE07Y701011	Electrical Equipment	0.77%
Dixon Technologies (India) Ltd INE935N01020	Consumer Durables	0.76%
Adani Energy Solutions Ltd INE931S01010	Power	0.75%
Polycab India Ltd INE455K01017	Industrial Products	0.75%
Punjab National Bank INE160A01022	Banks	0.74%
Karur Vysya Bank Ltd INE036D01028	Banks	0.74%
Kalpataru Projects International Ltd INE220B01022	Construction	0.73%
Canara Bank INE476A01022	Banks	0.73%
Aditya Birla Capital Ltd INE674K01013	Finance	0.71%
Vedanta Aluminium Metal Ltd INE1CDF01017	Non - Ferrous Metals	0.66%
SBI Life Insurance Co Ltd ! ~~ INE123W01016	Insurance	0.66%
Bharat Electronics Ltd INE263A01024	Aerospace & Defense	0.66%
Redington Ltd INE891D01026	Commercial Services & Supplies	0.62%
Ultratech Cement Ltd INE481G01011	Cement & Cement Products	0.62%
Kotak Mahindra Bank Ltd INE237A01036	Banks	0.61%
REC Ltd INE020B01018	Finance	0.59%
Dabur India Ltd INE016A01026	Personal Products	0.57%
General Insurance Corporation Of India INE481Y01014	Insurance	0.57%
Colgate Palmolive (India) Ltd INE259A01022	Personal Products	0.56%
Oracle Financial Services Software Ltd INE881D01027	IT - Software	0.55%
Vodafone Idea Ltd INE669E01016	Telecom - Services	0.55%
LG Electronics India Ltd INE324D01010	Consumer Durables	0.53%
NMDC Ltd INE584A01023	Minerals & Mining	0.53%
Kajaria Ceramics Ltd INE217B01036	Consumer Durables	0.53%
Anand Rathi Wealth Ltd INE463V01026	Capital Markets	0.52%
Multi Commodity Exchange Of India Ltd INE745G01043	Capital Markets	0.52%
Elgi Equipments Ltd INE285A01027	Industrial Products	0.50%
Bharat Petroleum Corporation Ltd INE029A01011	Petroleum Products	0.50%
Cummins India Ltd INE298A01020	Industrial Products	0.48%
Apollo Hospitals Enterprise Ltd INE437A01024	Healthcare Services	0.48%
Lenskart Solutions Ltd INE956O01016	Retailing	0.46%
Indegene Ltd INE065X01017	Healthcare Services	0.46%
NLC India Ltd INE589A01014	Power	0.45%
Granules India Ltd INE101D01020	Pharmaceuticals & Biotechnology	0.44%
Tata Motors Passenger Vehicles Ltd INE155A01022	Automobiles	0.43%
LIC Housing Finance Ltd INE115A01026	Finance	0.43%
Natco Pharma Ltd INE987B01026	Pharmaceuticals & Biotechnology	0.41%
Atul Ltd INE100A01010	Chemicals & Petrochemicals	0.39%
Castrol India Ltd INE172A01027	Petroleum Products	0.39%
Indus Towers Ltd INE121J01017	Telecom - Services	0.38%
Bosch Ltd INE323A01026	Auto Components	0.36%
Navin Fluorine International Ltd INE048G01026	Chemicals & Petrochemicals	0.36%
Creditaccess Grameen Ltd INE741K01010	Finance	0.35%
Honasa Consumer Ltd INE0J5401028	Personal Products	0.33%
Chennai Petroleum Corporation Ltd INE178A01016	Petroleum Products	0.32%
Tata Capital Ltd INE976I01016	Finance	0.29%
Vijaya Diagnostic Centre Ltd INE043W01024	Healthcare Services	0.29%
Indian Oil Corporation Ltd INE242A01010	Petroleum Products	0.26%
ITC Hotels Ltd INE379A01028	Leisure Services	0.26%
Canara HSBC Life Insurance Co Ltd INE01TY01017	Insurance	0.25%
IIFL Finance Ltd INE530B01024	Finance	0.25%
JM Financial Ltd INE780C01023	Finance	0.25%
Tata Steel Ltd INE081A01020	Ferrous Metals	0.25%
Bank of Baroda INE028A01039	Banks	0.24%
HDFC Asset Management Co Ltd INE127D01025	Capital Markets	0.24%
National Aluminium Co Ltd INE139A01034	Non - Ferrous Metals	0.24%
Torrent Power Ltd INE813H01021	Power	0.23%
Anthem Biosciences Ltd INE0CZ201020	Pharmaceuticals & Biotechnology	0.21%
Hindustan Unilever Ltd INE030A01027	Diversified FMCG	0.20%
Tenneco Clean Air India Ltd INE19RI01016	Auto Components	0.20%
Asian Paints Ltd INE021A01026	Consumer Durables	0.20%
Hindustan Zinc Ltd INE267A01025	Non - Ferrous Metals	0.20%
Bajaj Holdings & Investment Ltd INE118A01012	Finance	0.19%
Union Bank Of India INE692A01016	Banks	0.19%
HDB Financial Services Ltd INE756I01012	Finance	0.19%
Capri Global Capital Ltd INE180C01042	Finance	0.19%
Nippon Life India Asset Management Ltd INE298J01013	Capital Markets	0.19%
Cemindia Projects Ltd INE686A01026	Construction	0.18%
Hindustan Copper Ltd INE531E01026	Non - Ferrous Metals	0.17%
GSPL Transmission Ltd INE1TUG01013	Gas	0.03%

Show 96 moreShow fewer

Short positions 8

Holding	Sector / type	% of fund
Tata Consultancy Services Ltd	–	-0.74%
Eternal Ltd	–	-0.61%
APL Apollo Tubes Ltd	–	-0.55%
Oil India Ltd	–	-0.45%
Britannia Industries Ltd	–	-0.43%
Tata Consumer Products Ltd	–	-0.37%
Jindal Steel Ltd	–	-0.34%
Hindustan Unilever Ltd	–	-0.27%

Derivatives, debt, money market and cash 2

Holding	Sector / type	% of fund
Call, Cash & Other Assets	–	5.43%
Margin on Derivatives	–	0.82%

From the fund house's monthly portfolio (franklintempletonindia.com), as on 30 Sept 2026. Percentages are of the fund's net assets; short positions are negative. Published about ten days after each month ends.

Risk

Volatility11.7%yearly, from daily NAVs

Worst fall-9.11%7 Aug 2026 → 23 Oct 2026

RiskometerHighRisk Level 5

Volatility: how much the NAV moves, as a yearly figure (higher = bumpier). Worst fall: the biggest drop from a high, in the NAV history we hold (from 29 Apr 2026). SIF track records are short, so these figures are provisional.

Where it can invest (limits from the scheme document)

Equity and Equity related instruments*

80–100%

Short exposure through unhedged derivative positions in equity and equity related instruments*

0–25%

t instruments (excluding instrument, securities kept for Margin purpose), Invits, Exchange Trade Funds and units of debt mutual fund schemes#

0–20%

The ranges the fund is allowed to hold, not what it holds today.

Fund details

Fund size (average AUM, July - September 2026)	₹208 cr across all plans · this plan ₹0.10 cr
Fund house	Sapphire SIF · website
Category	SIF · Equity Long-Short Fund
Plan	Regular
Option	IDCW
Expense ratio (TER)	Direct 1.30% · Regular 2.98% (6 Nov 2026)
Exit load	1% if units are redeemed within one year of allotment, NIL thereafter.
Minimum investment	₹10,00,000 · additional ₹10,000
Scheme code (AMFI)	SIF-97
ISIN	INF090I30030
NAV date	6 Nov 2026

Scheme details from the fund's scheme summary document filed with AMFI; expense ratios from AMFI's daily filings.

Other plans of this fund

Plan	NAV	Since launch
Direct · Growth	₹1,014.3093	+1.43%
Direct · IDCW	₹1,014.3093	+1.43%
Regular · Growth	₹1,005.2144	+0.52%

Top Equity Long-Short Fund funds (regular plans)

Fund	Since launch	1 month
qsif Equity Long-Short Fund	+10.97%	+2.86%

All Equity Long-Short Fund funds ranked › · Compare with others ›

← All SIFs

Information only, not investment advice.

What is the NAV of Sapphire Equity Long-Short SIF - Regular Plan - IDCW today?

₹1,005.2144 as of 6 Nov 2026, from AMFI's official NAV data.

What are the returns of Sapphire Equity Long-Short SIF - Regular Plan - IDCW?

Returns appear once enough NAV history is available.

What is the difference between direct and regular plans?

Both invest in the same portfolio. Direct plans are bought straight from the fund house and pay no distributor commission, so their expenses are lower and their NAV grows slightly faster.

What is the minimum investment in a SIF?

₹10 lakh across an investor's SIF investments with the fund house (accredited investors are exempt).