Best SIF funds in India (Oct 2026): ranked by data
These rankings sort India's Specialised Investment Funds by risk-adjusted return within each strategy, using AMFI NAV data up to 29 Oct 2026. They describe past performance only: they are not a recommendation to buy any fund.
How the ranking works
- Data: daily NAV of the Regular Plan – Growth option from AMFI, since each fund's launch.
- Rank: Sharpe ratio — annualised return (CAGR since launch) minus a 5% risk-free rate, divided by annualised volatility — compared only with funds using the same SEBI strategy. Ties go to the smaller maximum drawdown.
- Eligibility: at least 180 days of NAV history. Newer funds are listed below but not ranked.
- SIFs are new: most have under two years of history, so these figures can change quickly. See the data methodology.
Top Active Asset Allocator Long-Short SIFs
- 1.qsif Active Asset Allocator Long-Short Fundquant Mutual FundSharpe 4.02Since launch +25.69%Max drawdown -6.83%
- 2.Dyna Active Asset Allocator Long-Short Fund360 ONE AssetSharpe -0.16Since launch +2.63%Max drawdown -2.82%
Top Equity Ex-Top 100 Long-Short SIFs
- 1.qsif Equity Ex-Top 100 Long-Short Fundquant Mutual FundSharpe 0.29Since launch +8.61%Max drawdown -14.66%
- 2.iSIF Equity Ex-Top 100 Long-Short FundICICI Prudential Mutual FundSharpe -0.60Since launch -1.80%Max drawdown -10.54%
Top Equity Long-Short SIFs
- 1.qsif Equity Long-Short Fundquant Mutual FundSharpe 0.14Since launch +6.99%Max drawdown -12.91%
- 2.Arudha Equity Long-Short FundBandhan Mutual FundSharpe -0.28Since launch -0.12%Max drawdown -6.21%
- 3.Dyna Equity Long-Short Fund360 ONE AssetSharpe -0.56Since launch -0.71%Max drawdown -9.21%
- 4.Sapphire Equity Long-Short FundFranklin Templeton Mutual FundSharpe -1.44Since launch -5.74%Max drawdown -9.11%
- 5.Diviniti Equity Long-Short FundITI Mutual FundSharpe -2.66Since launch -14.52%Max drawdown -15.58%
Top Hybrid Long-Short SIFs
- 1.Apex Hybrid Long-Short FundAditya Birla Sun Life Mutual FundSharpe 2.36Since launch +7.14%Max drawdown -0.73%
- 2.qsif Hybrid Long-Short Fundquant Mutual FundSharpe 1.74Since launch +23.99%Max drawdown -6.46%
- 3.Altiva Hybrid Long-Short FundEdelweiss Mutual FundSharpe 0.91Since launch +8.41%Max drawdown -2.72%
- 4.Arudha Hybrid Long-Short FundBandhan Mutual FundSharpe -0.03Since launch +3.94%Max drawdown -0.27%
- 5.iSIF Hybrid Long-Short FundICICI Prudential Mutual FundSharpe -0.27Since launch +1.38%Max drawdown -9.12%
Lowest-volatility SIF
Among funds with 180+ days of history, Arudha Hybrid Long-Short Fund has had the lowest annualised volatility, at 1.17%.
All SIFs: risk and return
| Fund | Strategy | History (days) | 3M | Since launch | Volatility | Max drawdown | Sharpe |
|---|---|---|---|---|---|---|---|
| Dyna Active Asset Allocator Long-Short Fund | Active Asset Allocator | 212 | -1.23% | +2.63% | 4.73% | -2.82% | -0.16 |
| iSIF Active Asset Allocator Long-Short Fund | Active Asset Allocator | 142 | -0.54% | +1.52% | 4.37% | -3.44% | — |
| qsif Active Asset Allocator Long-Short Fund | Active Asset Allocator | 187 | +14.95% | +25.69% | 12.70% | -6.83% | 4.02 |
| Altiva Equity Ex-Top 100 Long-Short Fund | Equity Ex-Top 100 | 140 | -6.09% | +0.99% | 14.48% | -12.22% | — |
| Apex Equity Ex-Top 100 Long-Short Fund | Equity Ex-Top 100 | 57 | — | -0.40% | 4.72% | -1.69% | — |
| Dyna Equity Ex-Top 100 Long-Short Fund | Equity Ex-Top 100 | 121 | +5.44% | +6.93% | 15.54% | -8.46% | — |
| iSIF Equity Ex-Top 100 Long-Short Fund | Equity Ex-Top 100 | 265 | -4.10% | -1.80% | 12.17% | -10.54% | -0.60 |
| Magnum Equity Ex-Top 100 Long-Short Fund | Equity Ex-Top 100 | 56 | — | -5.49% | 15.78% | -8.00% | — |
| qsif Equity Ex-Top 100 Long-Short Fund | Equity Ex-Top 100 | 349 | +1.06% | +8.61% | 13.38% | -14.66% | 0.29 |
| WSIF Equity Ex-Top 100 Long-Short Fund | Equity Ex-Top 100 | 170 | -5.79% | -0.36% | 12.68% | -11.03% | — |
| Altiva Equity Long-Short Fund | Equity | 23 | — | +0.24% | — | — | — |
| Apex Equity Long-Short Fund | Equity | 57 | — | -1.80% | 7.21% | -3.29% | — |
| Arthaya Equity Long-Short Fund | Equity | 152 | -3.24% | -3.28% | 5.82% | -5.56% | — |
| Arudha Equity Long-Short Fund | Equity | 212 | -4.25% | -0.12% | 7.62% | -6.21% | -0.28 |
| Diviniti Equity Long-Short Fund | Equity | 330 | -7.97% | -14.52% | 7.88% | -15.58% | -2.66 |
| Dyna Equity Long-Short Fund | Equity | 243 | -7.07% | -0.71% | 11.00% | -9.21% | -0.56 |
| iSIF Equity Long-Short Fund | Equity | 142 | +0.49% | +3.00% | 10.27% | -7.80% | — |
| MSIF Equity Long-Short Fund | Equity | 2 | — | +0.08% | — | — | — |
| qsif Equity Long-Short Fund | Equity | 385 | -0.90% | +6.99% | 11.47% | -12.91% | 0.14 |
| Sapphire Equity Long-Short Fund | Equity | 182 | -5.28% | -5.74% | 11.21% | -9.11% | -1.44 |
| Summit Equity Long-Short Fund | Equity | 96 | +0.70% | +1.20% | 12.06% | -7.61% | — |
| Titanium Equity Long-Short Fund | Equity | 161 | -2.84% | +0.11% | 8.98% | -6.66% | — |
| WSIF Equity Long-Short Fund | Equity | 170 | -5.79% | -0.70% | 12.06% | -10.05% | — |
| Altiva Hybrid Long-Short Fund | Hybrid | 369 | -0.15% | +8.41% | 3.53% | -2.72% | 0.91 |
| Apex Hybrid Long-Short Fund | Hybrid | 212 | +3.43% | +7.14% | 3.06% | -0.73% | 2.36 |
| Arudha Hybrid Long-Short Fund | Hybrid | 266 | +0.60% | +3.94% | 1.17% | -0.27% | -0.03 |
| Infinity Hybrid Long-Short Fund | Hybrid | 111 | +1.99% | +3.30% | 3.37% | -1.58% | — |
| iSIF Hybrid Long-Short Fund | Hybrid | 265 | -1.08% | +1.38% | 12.20% | -9.12% | -0.27 |
| Magnum Hybrid Long-Short Fund | Hybrid | 364 | -2.14% | +1.98% | 3.91% | -3.97% | -0.86 |
| Platinum Hybrid Long-Short Fund | Hybrid | 139 | -1.33% | -0.05% | 3.39% | -2.70% | — |
| Prism Hybrid Long-Short Fund | Hybrid | 97 | +1.64% | +1.80% | 2.14% | -0.73% | — |
| qsif Hybrid Long-Short Fund | Hybrid | 373 | +15.22% | +23.99% | 10.49% | -6.46% | 1.74 |
| RedHex Hybrid Long-Short Fund | Hybrid | 125 | +0.94% | +1.85% | 1.55% | -0.49% | — |
| Titanium Hybrid Long-Short Fund | Hybrid | 315 | -2.21% | -1.61% | 8.31% | -7.66% | -0.83 |
| qsif Sector Rotation Long-Short Fund | Sector Rotation | 163 | +1.24% | +1.63% | 8.16% | -4.88% | — |
Mutual fund and SIF investments are subject to market risks. Past performance does not indicate future returns. Read each strategy's ISID before investing. SIF360 (ARN-115193) is a mutual fund distributor and may earn commission on investments made through it.