Sapphire Equity Long-Short Fund
Franklin Templeton Mutual FundSapphire Equity Long-Short SIF is a flexi-cap long-short strategy investing across large, mid and small cap companies, seeking alpha through limited short exposure via equity derivatives. As of end-September 2026 the portfolio was roughly 94% in equity (spread across 100+ names) and the balance in derivative margin and cash/TREPS, with the largest industry allocations in banks (17.47%), pharmaceuticals & biotechnology (7.24%), finance (6.08%), IT-software (5.70%) and petroleum products (5.61%); portfolio turnover for the month was 63.24%. Direct plan Base Expense Ratio is 0.63%; the Regular plan runs 2.10%.
NAV history
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 500 TRI |
|---|---|---|
| 1 Week† | -0.45% | — |
| 15 Days† | -1.40% | — |
| 1 Month† | -1.85% | — |
| 3 Months† | -5.80% | — |
| 6 Months† | -4.93% | — |
| 1 Year | — | — |
| 3 Years | — | — |
| 5 Years | — | — |
| Since Inception† | -4.93% | — |
† No AMC-verified benchmark figure yet for this period — computed from daily NAV.
Portfolio exposure
| Instrument | Sector | Type | Weight |
|---|---|---|---|
| Others Equity Total (remaining long positions) | — | Equity - Long | 64.7% |
| TREPS / Reverse Repo | — | Cash & Equivalents | 7.3% |
| HDFC Bank Ltd. | Banks | Equity - Long | 4.8% |
| ICICI Bank Ltd. | Banks | Equity - Long | 4.3% |
| Reliance Industries Ltd. | Petroleum Products | Equity - Long | 4.1% |
| Bharti Airtel Ltd. | Telecom - Services | Equity - Long | 2.9% |
| Infosys Ltd. | IT - Software | Equity - Long | 2.5% |
| Larsen & Toubro Ltd. | Construction | Equity - Long | 2.5% |
| State Bank of India | Banks | Equity - Long | 2.3% |
| Net Current Assets / Other Receivables | — | Cash & Equivalents | -1.9% |
| Bajaj Finance Ltd. | Finance | Equity - Long | 1.9% |
| Axis Bank Ltd. | Banks | Equity - Long | 1.8% |
| ITC Ltd. | Diversified FMCG | Equity - Long | 1.8% |
| Margin on Derivatives | — | Cash & Equivalents | 0.8% |
| Equity Option Units (short, net) | — | Equity - Short (Derivative) | -0.0% |
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 500 TRI
- Launch date
- 29 Apr 2026
- Expense ratio
- 0.63%
- Exit load
- 1% if redeemed within 1 year from the date of allotment; nil if redeemed after 1 year
- Lock-in
- —
- Risk-o-meter
- Risk Band 5 of 5 (Higher Risk) — SIF-specific risk band, distinct from the standard mutual fund risk-o-meter scale
- Minimum investment
- ₹10,00,000
- AMFI scheme code (Direct)
- SIF-95
- ISIN (Direct, Growth)
- INF090I30048
- AMFI scheme code (Regular)
- SIF-96
- ISIN (Regular, Growth)
- INF090I30014
- Official document
- AMC factsheet (PDF)As of 30 Sept 2026