Equity Long-ShortActive
Download Factsheet (PDF)As of 30 Sept 2026
Arthaya Equity Long-Short Fund
Union Mutual FundArthaya Equity Long-Short Fund seeks long-term capital appreciation from a diversified equity portfolio across market caps, using limited short exposure via derivatives (stock and index futures) alongside a hedged-arbitrage sleeve. As of end-September 2026 the strategy mix had shifted sharply towards hedged arbitrage — 58.65% hedged (arbitrage) equity vs just 14.48% unhedged — with a net short index-futures overlay (Nifty 50 and Bank Nifty futures, -12.19% combined, replacing the prior long overlay), 15.14% in Treasury Bills (all sovereign-rated), and 11.73% in triparty repo, cash and net current assets. By market cap, equity was 50.95% large cap, 17.01% mid cap and 5.16% small cap; the top 5 holdings were 23.63% of the portfolio and the top 10 were 41.56%. Direct plan Base Expense Ratio is 1.28% (up from 0.88%); the Regular plan runs 2.10%.
Direct NAV9.7256+0.07%As on 28 Oct 2026
1Y Return—
AUM₹131 CrAs of 30 Sept 2026
Min. Investment₹10,00,000
NAV history
Fund NAV
Custom date range
Pick any two dates to see Direct Plan NAV and the return between them.
Performance vs. benchmark
Showing Direct Plan performance.
| Period | Fund | NIFTY 200 Total Return Index (TRI) |
|---|---|---|
| 1 Week† | +0.11% | — |
| 15 Days† | -0.01% | — |
| 1 Month† | -0.57% | — |
| 3 Months† | -3.63% | — |
| 6 Months | — | — |
| 1 Year | — | — |
| 3 Years | — | — |
| 5 Years | — | — |
| Since Inception† | -2.66% | — |
† No AMC-verified benchmark figure yet for this period — computed from daily NAV.
Portfolio exposure
Gross exposure 166.8%
Net exposure 15.5%
Long exposure
91.1%
Short exposure
-75.6%
Cash & equivalents
11.7%
| Instrument | Sector | Type | Weight |
|---|---|---|---|
| Triparty Repo, Cash, Cash Equivalents & Net Current Assets | — | Cash & Equivalents | 11.7% |
| 91 Day Treasury Bill | Sovereign | Debt - Long | 11.4% |
| Bank Nifty Index Futures (short overlay) | — | Equity - Short (Derivative) | -6.5% |
| HDFC Bank Ltd. | Banks | Equity - Long | 5.7% |
| Nifty 50 Index Futures (short overlay) | — | Equity - Short (Derivative) | -5.6% |
| ICICI Bank Ltd. (stock future - short) | Banks | Equity - Short (Derivative) | -5.1% |
| ICICI Bank Ltd. | Banks | Equity - Long | 5.1% |
| Kotak Mahindra Bank Ltd. | Banks | Equity - Long | 5.0% |
| Axis Bank Ltd. (stock future - short) | Banks | Equity - Short (Derivative) | -3.9% |
| Axis Bank Ltd. | Banks | Equity - Long | 3.9% |
| Reliance Industries Ltd. (stock future - short) | Petroleum Products | Equity - Short (Derivative) | -3.9% |
| Reliance Industries Ltd. | Petroleum Products | Equity - Long | 3.9% |
| 364 Day Treasury Bill | Sovereign | Debt - Long | 3.8% |
| HDFC Bank Ltd. (stock future - short) | Banks | Equity - Short (Derivative) | -3.8% |
| Kotak Mahindra Bank Ltd. (stock future - short) | Banks | Equity - Short (Derivative) | -3.1% |
| Maruti Suzuki India Ltd. | Automobiles | Equity - Long | 2.8% |
| Maruti Suzuki India Ltd. (stock future - short) | Automobiles | Equity - Short (Derivative) | -2.8% |
| Mahindra & Mahindra Ltd. | Automobiles | Equity - Long | 2.7% |
| Mahindra & Mahindra Ltd. (stock future - short) | Automobiles | Equity - Short (Derivative) | -2.7% |
| Divi's Laboratories Ltd. | Pharmaceuticals & Biotechnology | Equity - Long | 2.6% |
| Eternal Ltd. | Retailing | Equity - Long | 2.5% |
| RBL Bank Ltd. | Banks | Equity - Long | 2.4% |
| State Bank of India (stock future - short) | Banks | Equity - Short (Derivative) | -2.3% |
| State Bank of India | Banks | Equity - Long | 2.3% |
| Bajaj Finance Ltd. (stock future - short) | Finance | Equity - Short (Derivative) | -2.2% |
| Bajaj Finance Ltd. | Finance | Equity - Long | 2.2% |
| Multi Commodity Exchange of India Ltd. (stock future - short) | Capital Markets | Equity - Short (Derivative) | -2.2% |
| Multi Commodity Exchange of India Ltd. | Capital Markets | Equity - Long | 2.1% |
| Hyundai Motor India Ltd. | Automobiles | Equity - Long | 2.1% |
| Hyundai Motor India Ltd. (stock future - short) | Automobiles | Equity - Short (Derivative) | -2.1% |
| Adani Port and Special Economic Zone Ltd. | Transport Infrastructure | Equity - Long | 2.1% |
| Max Healthcare Institute Ltd. | Healthcare Services | Equity - Long | 1.9% |
| Max Healthcare Institute Ltd. (stock future - short) | Healthcare Services | Equity - Short (Derivative) | -1.9% |
| Sun Pharmaceutical Industries Ltd. (stock future - short) | Pharmaceuticals & Biotechnology | Equity - Short (Derivative) | -1.9% |
| Persistent Systems Ltd. | IT - Software | Equity - Long | 1.9% |
| Persistent Systems Ltd. (stock future - short) | IT - Software | Equity - Short (Derivative) | -1.9% |
| BSE Ltd. (stock future - short) | Capital Markets | Equity - Short (Derivative) | -1.9% |
| Sun Pharmaceutical Industries Ltd. | Pharmaceuticals & Biotechnology | Equity - Long | 1.9% |
| BSE Ltd. | Capital Markets | Equity - Long | 1.9% |
| One 97 Communications Ltd. | Financial Technology (Fintech) | Equity - Long | 1.9% |
| AU Small Finance Bank Ltd. | Banks | Equity - Long | 1.9% |
| AU Small Finance Bank Ltd. (stock future - short) | Banks | Equity - Short (Derivative) | -1.9% |
| FSN E-Commerce Ventures Ltd. (stock future - short) | Retailing | Equity - Short (Derivative) | -1.9% |
| FSN E-Commerce Ventures Ltd. | Retailing | Equity - Long | 1.8% |
| Delhivery Ltd. | Transport Services | Equity - Long | 1.8% |
| Delhivery Ltd. (stock future - short) | Transport Services | Equity - Short (Derivative) | -1.8% |
| Hero MotoCorp Ltd. (stock future - short) | Automobiles | Equity - Short (Derivative) | -1.8% |
| Hero MotoCorp Ltd. | Automobiles | Equity - Long | 1.8% |
| IDFC First Bank Ltd. | Banks | Equity - Long | 1.8% |
| Tech Mahindra Ltd. | IT - Software | Equity - Long | 1.5% |
| Tech Mahindra Ltd. (stock future - short) | IT - Software | Equity - Short (Derivative) | -1.5% |
| One 97 Communications Ltd. (stock future - short) | Financial Technology (Fintech) | Equity - Short (Derivative) | -1.4% |
| HCL Technologies Ltd. (stock future - short, no cash position) | IT - Software | Equity - Short (Derivative) | -1.2% |
| Torrent Pharmaceuticals Ltd. (stock future - long, no cash position) | Pharmaceuticals & Biotechnology | Equity - Long | 1.1% |
| Divi's Laboratories Ltd. (stock future - short) | Pharmaceuticals & Biotechnology | Equity - Short (Derivative) | -1.1% |
| Lupin Ltd. (stock future - short, no cash position) | Pharmaceuticals & Biotechnology | Equity - Short (Derivative) | -1.1% |
| Adani Port and Special Economic Zone Ltd. (stock future - short) | Transport Infrastructure | Equity - Short (Derivative) | -1.1% |
| Eternal Ltd. (stock future - short) | Retailing | Equity - Short (Derivative) | -1.1% |
| Adani Enterprises Ltd. | Metals & Minerals Trading | Equity - Long | 1.0% |
| Adani Enterprises Ltd. (stock future - short) | Metals & Minerals Trading | Equity - Short (Derivative) | -1.0% |
| Dixon Technologies (India) Ltd. | Consumer Durables | Equity - Long | 0.9% |
| Apollo Hospitals Enterprise Ltd. | Healthcare Services | Equity - Long | 0.9% |
| Info Edge (India) Ltd. | Retailing | Equity - Long | 0.9% |
| Info Edge (India) Ltd. (stock future - short) | Retailing | Equity - Short (Derivative) | -0.9% |
| Sagility India Ltd. (stock future - short) | IT - Services | Equity - Short (Derivative) | -0.9% |
| Sagility India Ltd. | IT - Services | Equity - Long | 0.9% |
| Apollo Hospitals Enterprise Ltd. (stock future - long) | Healthcare Services | Equity - Long | 0.8% |
| ABB India Ltd. (stock future - short) | Electrical Equipment | Equity - Short (Derivative) | -0.8% |
| ABB India Ltd. | Electrical Equipment | Equity - Long | 0.8% |
| Shriram Finance Ltd. (stock future - short, no cash position) | Finance | Equity - Short (Derivative) | -0.7% |
| The Federal Bank Ltd. (stock future - short, no cash position) | Banks | Equity - Short (Derivative) | -0.7% |
| Ather Energy Ltd. (stock future - short, no cash position) | Automobiles | Equity - Short (Derivative) | -0.5% |
| Ashok Leyland Ltd. (stock future - short, no cash position) | Agricultural, Commercial & Construction Vehicles | Equity - Short (Derivative) | -0.5% |
| Dixon Technologies (India) Ltd. (stock future - long) | Consumer Durables | Equity - Long | 0.5% |
| Index Put Options (3 contracts, Nifty/Bank Nifty, Oct 2026 expiry) | — | Equity - Long | 0.4% |
Top holdings from the AMC's own portfolio disclosure — not the complete, line-by-line portfolio (which can run to 100+ positions). Gross/net exposure above is calculated from this subset, so it may differ slightly from the AMC's own published figures.
Investment strategy
Takes long positions in equities expected to outperform, hedged with short positions or index/stock derivatives to manage net market exposure.
Key facts
- Category
- Equity Long-Short
- Benchmark
- NIFTY 200 Total Return Index (TRI)
- Launch date
- 25 May 2026
- Expense ratio
- 1.28%
- Exit load
- 1% if redeemed or switched out on or before completion of 1 year from the date of allotment; Nil after 1 year
- Lock-in
- —
- Risk-o-meter
- Risk Band 1 of 5 (Lower Risk) — SIF-specific risk band, distinct from the standard mutual fund risk-o-meter scale; re-evaluated monthly per the factsheet
- Minimum investment
- ₹10,00,000
- AMFI scheme code (Direct)
- SIF-112
- ISIN (Direct, Growth)
- INF582M30046
- AMFI scheme code (Regular)
- SIF-114
- ISIN (Regular, Growth)
- INF582M30012
- Official document
- AMC factsheet (PDF)As of 30 Sept 2026