Diviniti Equity Long-Short Fund vs Sapphire Equity Long-Short Fund
Diviniti Equity Long-Short Fund from ITI Mutual Fund and Sapphire Equity Long-Short Fund from Franklin Templeton Mutual Fund, compared on NAV, returns, size, costs and portfolio — every figure from AMFI's NAV feed or the AMC's own factsheet.
How the two funds differ
NAV data as of 13 Nov 2026
- Diviniti Equity Long-Short Fund is the larger fund, with ₹246 Cr in disclosed assets against ₹211 Cr for Sapphire Equity Long-Short Fund.
- Diviniti Equity Long-Short Fund launched first, on 01 Dec 2025; Sapphire Equity Long-Short Fund followed on 29 Apr 2026, about 4 months later. Since-inception returns therefore cover different periods and are not directly comparable.
- Over the past six months, Sapphire Equity Long-Short Fund returned +3.96% and Diviniti Equity Long-Short Fund returned +0.03% (Direct plan).
- They use different benchmarks: Diviniti Equity Long-Short Fund is measured against Nifty 50 (TRI) Index, Sapphire Equity Long-Short Fund against NIFTY 500 TRI.
Side by side
Switch between Direct and Regular plans in the header, or pick two dates to compare returns over the same period. A dash means the AMC has not disclosed that figure yet.
| Diviniti Equity Long-Short Fund ITI Mutual Fund | Sapphire Equity Long-Short Fund Franklin Templeton Mutual Fund | |
|---|---|---|
| Category | Equity Long-Short | Equity Long-Short |
| Status | Active | Active |
| Direct NAV | 929.5508 | 1027.4887 |
| 1M Return | +5.96% | +6.71% |
| 1Y Return | — | — |
| Since Inception | -7.13% | +2.75% |
| AUM | ₹246 Cr | ₹211 Cr |
| Minimum Investment | ₹10,00,000 | ₹10,00,000 |
| Expense Ratio | — | 0.63% |
| Exit Load | 10% of allotted units may be redeemed without exit load within 6 months of allotment; any redemption beyond that limit within the first 6 months, or any redemption on/before 6 months, is subject to 0.50% of the applicable NAV; nil after 6 months from allotment | 1% if redeemed within 1 year from the date of allotment; nil if redeemed after 1 year |
| Benchmark | Nifty 50 (TRI) Index | NIFTY 500 TRI |
| Risk-o-meter | Band 5 of 5 (Higher Risk) | Band 5 of 5 (Higher Risk) |
| Launch Date | 01 Dec 2025 | 29 Apr 2026 |
| Fund Managers | Alok Ranjan | Arihant Jain |
Open the full page for Diviniti Equity Long-Short Fund or Sapphire Equity Long-Short Fund for NAV history, holdings and the AMC factsheet, or add a third fund to this comparison.
Holdings in common
7 positions appear in the disclosed top holdings of both funds. This compares only the top holdings each AMC publishes (Diviniti Equity Long-Short Fund: 30 Sept 2026; Sapphire Equity Long-Short Fund: 30 Sept 2026), not the complete portfolios, so the real overlap may be higher.
| Holding | Sector | ITI MF weight | Franklin Templeton weight |
|---|---|---|---|
| Others Equity Total (remaining long positions) | — | 27.64% | 64.73% |
| HDFC Bank Ltd. | Financial Services | 8.10% | 4.81% |
| ICICI Bank Ltd. | Financial Services | 8.31% | 4.31% |
| Bharti Airtel Ltd. | Telecommunication | 4.12% | 2.94% |
| State Bank of India | Financial Services | 4.01% | 2.33% |
| Axis Bank Ltd. | Financial Services | 2.54% | 1.83% |
| Bajaj Finance Ltd. | Financial Services | 2.10% | 1.86% |
Diviniti Equity Long-Short Fund vs Sapphire Equity Long-Short Fund: common questions
What is the difference between Diviniti Equity Long-Short Fund and Sapphire Equity Long-Short Fund?
Both are Equity Long-Short Specialized Investment Funds (SIFs), so they follow the same SEBI strategy category. Diviniti Equity Long-Short Fund is run by ITI Mutual Fund and Sapphire Equity Long-Short Fund by Franklin Templeton Mutual Fund; they differ in size, launch date, costs, portfolio and fund managers, all shown in the table on this page.
What is the latest NAV of Diviniti Equity Long-Short Fund and Sapphire Equity Long-Short Fund?
The latest Direct-plan NAV of Diviniti Equity Long-Short Fund is ₹929.5508 (13 Nov 2026), and of Sapphire Equity Long-Short Fund is ₹1027.4887 (13 Nov 2026). A higher NAV does not mean a better fund — it mainly reflects how long the scheme has been running.
Which is bigger, Diviniti Equity Long-Short Fund or Sapphire Equity Long-Short Fund?
Diviniti Equity Long-Short Fund is larger by disclosed assets under management, at ₹246 Cr, compared with ₹211 Cr for Sapphire Equity Long-Short Fund. Figures are the latest each AMC has disclosed.
What is the minimum investment in Diviniti Equity Long-Short Fund and Sapphire Equity Long-Short Fund?
Both require a minimum investment of ₹10,00,000. SEBI sets a ₹10 lakh minimum across all SIF strategies of an AMC for non-accredited investors.
Which is better, Diviniti Equity Long-Short Fund or Sapphire Equity Long-Short Fund?
SIF India does not rank one above the other or give investment advice. Which suits you depends on your goals, time horizon and risk tolerance. Both are new schemes with a short track record, and past performance does not indicate future returns. Read each scheme's offer document and consider speaking to a SEBI-registered adviser before investing.
More comparisons
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See every scheme in this category on the Equity Long-Short SIF Funds page. New to SIFs? Start with what a Specialised Investment Fund is, or read Understanding long-short equity strategies, Best SIF Funds in India: How to Actually Compare Them and SIF vs. Mutual Fund vs. PMS vs. AIF.
This comparison is factual information, not investment advice or a recommendation of either scheme. Past performance does not indicate future returns.