qSIF Equity Ex-Top 100 Long-Short Fund
An open-ended equity investment strategy by Quant Mutual Fund focusing on stocks outside the top 100 by market capitalization (mid & small caps) with limited short exposure through derivatives.
What Makes This Fund Unique?
Unlike the regular qSIF Equity Long-Short Fund that invests across all market caps, this fund mandates 65-100% allocation in stocks outside the top 100 companies by market capitalization. This provides focused exposure to mid-cap and small-cap growth opportunities with long-short strategies.
Fund Overview
Fund House
quant Mutual Fund
AMC
quant Money Managers Limited
Trustee
quant Capital Trustee Limited
Fund Type
Open-ended Equity Investment Strategy (SIF)
Benchmark
NIFTY 500 Total Return Index (TRI)
Risk Level
Level 5 (Very High Risk)
NFO Price
₹10 per unit
Reopening
Within 5 business days from allotment
Investment Objective
To generate long-term capital appreciation by investing primarily in equity and equity-related instruments of stocks outside the top 100 by market capitalization, while utilizing limited short exposure through derivatives to enhance returns and manage risk.
Asset Allocation Strategy
| Instrument | Minimum | Maximum |
|---|---|---|
| Equity (Ex-Top 100 companies by market cap)Mid-cap & Small-cap focus | 65% | 100% |
| Equity (Top 100 companies by market cap)Large-cap allowance | 0% | 35% |
| Debt & Money Market instruments | 0% | 35% |
| REITs / InvITs | 0% | 20% |
| Unhedged Short Positions (Derivatives) | 0% | 25% |
| Long Derivatives (Non-hedging) | 0% | 50% |
Fund Management Team
Sandeep Tandon
Founder & CIO (Primary)
33+ years in capital markets. Led proprietary trading at Quant Broking with $1B+ daily turnover. 10 years with no yearly or quarterly losses at aggregate level.
Lokesh Garg
MBA - IIM Ahmedabad
20 years in equity markets. Former Executive Director at UBS India. Expertise in generating fundamental long-short ideas across market caps.
Ankit Pande
CFA Charterholder, MBA - CUHK
14+ years in equities. Thomson Reuters StarMine Award winner. Expertise in derivative strategies for enhanced returns.
Sameer Kate
MBA, Derivatives Specialist
20+ years in derivatives dealing. Former Sr. Sales Trader at Investec Capital. Expert in equity and derivatives execution.
Portfolio Construction Strategies
The fund uses various strategies for portfolio construction and rebalancing:
Unhedged Long-Only
Pure long exposure to mid & small caps
Partially-Hedged Long
Using index/stock futures or options
Fully-Hedged Portfolio
Complete hedging using derivatives
Long-Short with 25% Naked Shorts
Using stock futures or options
Investment Details
Minimum Investment (NFO)
₹10,00,000 (₹10 Lakh)
Accredited Investor Minimum
₹1,00,000 (₹1 Lakh)
Additional Purchase
₹10,000 minimum
Minimum Redemption
₹1,000
SIP Minimum
₹10,000 (min 6 installments)
Subscription Frequency
Daily (all business days)
Redemption Frequency
Daily (all business days)
Redemption Payout
Within 3 working days
Load Structure & Expenses
Exit Load
Total Expense Ratio
Strengths
- Mid & Small Cap Focus: 65-100% in stocks outside top 100 for higher growth potential
- Open-Ended Structure: Daily subscription and redemption on all business days
- Short Exit Load: Only 15 days vs 6 months in many SIFs
- Quant's Track Record: 10 years proprietary trading with no yearly losses
- Unique Positioning: Only SIF focused specifically on mid & small caps
Considerations
- Higher Volatility: Mid & small caps are more volatile than large caps
- Liquidity Risk: Smaller stocks may have liquidity constraints
- Very High Risk: Rated Level 5 (highest risk category) by SEBI
- 25% Short Exposure: Theoretically unlimited loss potential on shorts
- New Category: First Ex-Top 100 long-short SIF, no track record
qSIF Funds Comparison
| Feature | qSIF Ex-Top 100 | qSIF Equity L-S | qSIF Hybrid L-S |
|---|---|---|---|
| Focus | Mid & Small Caps | All Market Caps | Balanced |
| Ex-Top 100 Allocation | 65-100% | No restriction | No restriction |
| Top 100 Limit | Max 35% | No limit | No limit |
| Fund Type | Open-ended | Open-ended | Interval |
| Debt Allocation | 0-35% | 0-20% | 25-75% |
| Redemption | Daily | Daily | Tue & Wed only |
| Exit Load Period | 15 days | 15 days | 15 days |
Frequently Asked Questions
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