Hybrid Long-Short SIF ReturnsMarch 2026
6 Funds Analyzed • NAV Data: 02-Mar-2026 to 30-Mar-2026
March Context: Broad market selloff driven by FII outflows & global risk-off. Nifty tested multi-month lows — long books across category faced headwinds.
+0.07%
Best March Return
Arudha
-6.29%
Worst March Return
iSIF
-2.76%
Category Avg (Mar)
5 of 6 negative
+2.10%
Best Since Inception
Altiva
March 2026 — Returns Summary
1M: 02-Mar to 30-Mar-2026 • 3M: Jan–Mar 2026 • Since Inception: NFO launch to 30-Mar-2026
| Fund | End NAV (30-Mar) | 1M (Mar) | Since Inception |
|---|---|---|---|
Arudha Hybrid L-S Bandhan | ₹10.09 | +0.07% | +0.56% |
qSIF Hybrid L-S Quant | ₹9.846 | -0.86% | -1.73% |
Altiva Hybrid L-S Edelweiss | ₹10.2206 | -1.42% | +2.10% |
Magnum Hybrid L-S SBI | ₹9.9939 | -1.90% | -0.42% |
Titanium Hybrid L-S Tata | ₹9.41 | -6.16% | -5.93% |
iSIF Hybrid L-S ICICI Prudential | ₹9.2301 | -6.29% | -7.86% |
Arudha & iSIF launched after Jan-2026 — 3M return = Since Inception
Key Insights
Best in March
Arudha at +0.07% — the only fund to close positive. Hedging strategy effectively cushioned against the selloff.
Worst in March
iSIF at -6.29% — the steepest monthly decline, suggesting high net long exposure during the downturn.
Titanium -6.16%
Second-worst performer. Long book hit hard by broad market weakness.
5 of 6 funds in the red
Category average return: -2.76% for March. Only Arudha stayed above water.
Best Since Inception
Altiva at +2.10% retains the best overall track record despite -1.42% in March.
March 2026 Returns
1-month returns ranked best to worst
Since Inception Leaderboard
Cumulative returns from NFO to 30-Mar-2026
Individual Fund Scorecards
Arudha
Bandhan • 04-Feb-26
Incep. NAV
₹10.0340
End NAV
₹10.0900
1M
+0.07%3M
+0.56%Overall
+0.56%qSIF
Quant • 20-Oct-25
Incep. NAV
₹10.0189
End NAV
₹9.8460
1M
-0.86%3M
-1.70%Overall
-1.73%Altiva
Edelweiss • 24-Oct-25
Incep. NAV
₹10.0102
End NAV
₹10.2206
1M
-1.42%3M
-0.80%Overall
+2.10%Magnum
SBI • 29-Oct-25
Incep. NAV
₹10.0357
End NAV
₹9.9939
1M
-1.90%3M
-2.38%Overall
-0.42%Titanium
Tata • 17-Dec-25
Incep. NAV
₹10.0029
End NAV
₹9.4100
1M
-6.16%3M
-6.50%Overall
-5.93%iSIF
ICICI Prudential • 05-Feb-26
Incep. NAV
₹10.0179
End NAV
₹9.2301
1M
-6.29%3M
-7.86%Overall
-7.86%March 2026 Market Context
Broad Market Selloff
FII net outflows continued in March 2026, with the Nifty testing multi-month lows. Long books across the Hybrid Long-Short category faced significant headwinds. Nifty 50 fell -11.30% in March alone.
Severe Drawdowns in 2 Funds
iSIF (-6.29%) and Titanium (-6.16%) were hit hardest, suggesting higher net long exposure during the downturn. Both have accumulated significant since-inception losses (-7.86% and -5.93% respectively).
Hedging Works
Arudha's +0.07% in a month where Nifty fell -11.30% demonstrates effective hedging. Altiva retains the best since-inception at +2.10% despite -1.42% in March — showing compounding gains from better months can offset drawdowns.
Source: AMFI (amfiindia.com) • Direct Plan — Growth Option • NAV as of 30-Mar-2026
Disclaimer: NAV data sourced from AMFI. 1M return: 02-Mar-2026 to 30-Mar-2026. 3M return: first available NAV in Jan-2026 to 30-Mar-2026. Since Inception: from respective NFO launch date. For funds launched after Jan-2026 (Arudha, iSIF), 3M return equals Since Inception return. Investments in SIFs involve market risk including possible loss of principal. Past performance is not indicative of future returns. Please read all SIDs and KIMs carefully before investing. Consult a SEBI-registered Investment Advisor for personalized advice.