Status
Live
since 11 May 2026
Inception NAV
₹10
Per unit
Inception
15 Apr
2026
Allotment
29 Apr
2026
Max TER
2.25%
Regular plan
Min Investment
₹10L
₹10K additional
Inception
15 Apr 2026
Live since
11 May 2026
Inception NAV
₹10
Min Investment
₹10,00,000
The Wealth Company's mid/small-cap focused SIF — investing at least 65% of net assets in companies outside the top 100 by market capitalization. NFO ran 15–29 April 2026 at ₹10 per unit; the strategy is now live for continuous Sale and Repurchase from 11 May 2026. Accredited investors: minimum application ₹1,00,000.
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 utilising limited short exposure through derivatives. There is no assurance that the investment objective of the Investment Strategy will be achieved.
Strategy & allocation
WSIF Equity Ex-Top 100 Long-Short Fund is an active, dynamic mid/small-cap strategy that allocates 65–100% of net assets to equity and equity-related instruments of companies outside the top 100 by full market capitalization (i.e. the SEBI mid-cap and small-cap universe: 101st onwards). Up to 35% may be parked in top-100 (large-cap) names for flexibility.
The strategy pairs its long sleeve with an unhedged short sleeve of up to 25% in equity derivatives on other-than-large-cap stocks — targeting overvalued or deteriorating mid/small-cap names — per SEBI's SIF framework circular dated 27 February 2025. A larger debt / money market ceiling of up to 35% (vs 20% in the sibling WSIF Equity L/S) gives the manager more liquidity and risk-management headroom. Cumulative gross exposure capped at 100% of net assets.
Portfolio construction options
Unhedged long-only
Long-only ex-top-100 equity portfolio with no derivative overlay.
Partially-hedged long-only
Long ex-top-100 equity with partial hedges via index / stock futures or options.
Fully-hedged long-only
Long ex-top-100 equity fully hedged via index / stock futures or options.
Unhedged long-short
Long book with up to 25% naked-short on mid/small-cap names via stock futures or options.
Partially-hedged long-short
Long book with partial hedges plus up to 25% naked-short on other-than-large-cap names.
Fully-hedged long with naked short
Fully-hedged long book combined with up to 25% naked-short on other-than-large-cap names via stock derivatives.
The fund may toggle between these construction modes for portfolio rebalancing or to reflect the manager's view on mid/small-cap market conditions. Unhedged shorts are only permitted on other-than-large-cap stocks.
Investor suitability
Suitable for
- ✓ Mid/small-cap alpha seekers beyond the Nifty 100
- ✓ HNIs comfortable with higher equity volatility
- ✓ Investors seeking limited-short overlay outside large caps
- ✓ 5+ year investment horizon
Not suitable for
- ✗ Guaranteed return seekers
- ✗ Investors needing frequent liquidity
- ✗ Below ₹10L investable surplus
- ✗ Low risk tolerance profiles
Fund management
Chinmay Sathe
Fund Manager
B.E., PGDM · Age 48 · 21+ yrs
Mr. Sathe brings over 21 years of experience in Asset Management Services, with expertise in fund management, equity research and diverse asset classes. Prior roles: 11+ years at Bajaj Allianz Life as Senior Fund Manager; earlier stints at L&T Mutual Fund, DSP Merrill Lynch and UTI Mutual Fund as Equity Research Analyst. He also manages the sibling WSIF Equity Long-Short Fund.
Sibling funds from WSIF
The Wealth Company Mutual Fund also offers a diversified equity long-short strategy spanning large, mid and small caps. Managed by the same team.