Sapphire Equity Long-Short SIF - Direct- IDCW

Sapphire SIF · Equity Long-Short Fund · Open Ended Schemes

₹1011.9866
+0.29% (1D)
as of Thu Sep 03 2026

NAV Trend

Trailing Returns

1 Day
+0.29%
since 02 Sept
1 Week
-0.58%
since 27 Aug
1 Month
-1.46%
since 03 Aug
1 Quarter
+2.83%
since 03 Jun
1 Year
-
not enough history yet

Returns are computed from the NAV on the closest available trading day to each period's start date. A period shows "-" when the fund's NAV history doesn't yet reach back that far — e.g. a fund launched 6 weeks ago won't have a 1-Quarter figure until it has 3 months of history.

Fund Facts

Scheme CodeSIF-94
ISIN (Growth/Payout)INF090I30063
ISIN (Reinvestment)INF090I30055
StructureOpen Ended Schemes
CategoryEquity Oriented Investment Strategies
Investment StrategyEquity Long-Short Fund
PlanDirect Plan
OptionIDCW
Minimum Investment₹10,00,000 (SEBI-mandated, PAN-level across Sapphire SIF's SIF strategies) details →
First NAV on record₹1000.0000 on Wed Apr 29 2026
All-Time High (since 29 Apr 2026)₹1029.7034 on Fri Aug 07 2026
All-Time Low (since 29 Apr 2026)₹968.7248 on Thu Jun 11 2026
Since-Inception Return Absolute, not annualized · 127 days +1.20%
Shown as absolute return, not CAGR, since the fund has under 1 year of history — annualizing a shorter period would overstate/understate the real run rate.
NAV data points on record88
Average AUMApril - June 2026 ₹27.25 lakh
Total Expense Ratio (TER)as of Fri Aug 07 2026 1.31%

View full NAV history & download CSV →

Fund Profile

BenchmarkNifty 500 TRI (Tier 1); Not applicable (Tier 2)
Risk LevelRisk Level 5
Stated Asset AllocationEquity and Equity related instruments*: 80% - 100%, Short exposure through unhedged derivative positions in equity and equity related instruments*: 0% - 25% Debt, money market instruments (excluding instrument, securities kept for Margin purpose), Invits, Exchange Trade Funds and units of debt mutual fund schemes#: 0% - 20% *Equity and equity related instruments include both Long and Short Equity Positions. Atleast 65% of the total proceeds of such funds are invested in the equity shares of domestic companies listed on a recognised stock exchange. #Money Market instruments include commercial papers, commercial bills, treasury bills, Tri-party repo, Government securities having an unexpired maturity up to one year, call or notice money, certificate of deposit, and any other like instruments as specified under applicable regulations from time to time.
Exit Load1% if units are redeemed within one year of allotment, NIL thereafter.
NFO WindowFri Apr 10 2026 – Fri Apr 24 2026
Allotment DateWed Apr 29 2026
CustodianHongkong and Shanghai Banking Corporation Limited (HSBC)
AuditorB S R & Co. LLP
Registrar & Transfer AgentCAMS
Visit Sapphire SIF → Scheme Information Document (PDF) Scheme Summary (PDF)

Sourced from AMFI's published Scheme Summary Document, last refreshed Tue Sep 01 2026.

About the Equity Long-Short Fund Strategy

This fund follows a SEBI-registered Equity Long-Short Fund strategy under the Equity Oriented Investment Strategies category of the Specialized Investment Fund (SIF) framework. Unlike a traditional long-only mutual fund, SIF strategies in this category are permitted to take short positions using derivatives (within regulatory limits), aiming to generate returns from both rising and falling markets or specific relative-value opportunities the fund manager identifies.

Read the full explainer: how Equity Long-Short Fund works →

Expense Ratio (TER) History

Every recorded change to this fund's Total Expense Ratio — not a daily value, since TER often stays flat for weeks; this only shows the dates it actually moved.

Effective DateTER
Fri Aug 07 20261.31%

Frequently Asked Questions

As of Thu Sep 03 2026, the NAV of Sapphire Equity Long-Short SIF - Direct- IDCW is ₹1011.9866.

As a SIF strategy, the SEBI-mandated minimum investment is ₹10,00,000, aggregated at the PAN level across all SIF strategies offered by Sapphire SIF.

This is an Open Ended scheme, so subscriptions and redemptions are generally accepted on every business day at the applicable NAV.

It follows the Equity Long-Short Fund strategy under the Equity Oriented Investment Strategies category of SEBI's Specialized Investment Fund framework.

Sapphire Equity Long-Short SIF - Direct- IDCW is benchmarked against Nifty 500 TRI (Tier 1) and Not applicable (Tier 2).

The average Assets Under Management (AUM) of Sapphire Equity Long-Short SIF - Direct- IDCW was ₹27.25 lakh for the period April - June 2026, as published by AMFI.

The Total Expense Ratio (TER) of Sapphire Equity Long-Short SIF - Direct- IDCW is 1.31% as of Fri Aug 07 2026, as published by AMFI.

Related reading: SIF minimum investment rules: the ₹10 lakh threshold explained · What is a Long-Short investment strategy? · Open Ended vs Interval Fund: what it means for a SIF · IDCW vs Growth: Payout, Reinvestment, or Growth — Which Option to Pick · Direct Plan vs Regular Plan: what’s the actual difference?

Disclaimer: SIF investments are subject to market risks. NAV data shown is sourced from periodic AMC/AMFI-style disclosures and may lag the AMC's official published NAV by one update cycle. This page is for informational purposes only and is not investment advice. Minimum investment ₹10,00,000 as mandated by SEBI. Please read the Scheme Information Document carefully before investing.

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