Sapphire Equity Long-Short SIF - Growth
💡 Why Pick This Fund? Quantitative Strengths & Watch-outs
- Solid MFIQ Score of 6.3/10 reflects sound fundamentals and risk management.
- Expense ratio (2.98%) is higher than category median (2.52%), which creates fee drag over time.
Key Statistics vs Category Median
Trailing Returns Comparison
| Period | Fund Return | Category Median | Difference |
|---|---|---|---|
| 1 Month | +7.48% | +6.32% | +1.16% |
| 3 Months | -0.01% | -0.20% | +0.19% |
| 6 Months | +2.56% | +5.98% | -3.42% |
Calendar Year Returns
| Year | Fund | Category Median | Gap |
|---|---|---|---|
| 2026 | +2.04% | +4.03% | -1.99% |
Risk Profile & Deepest Drawdowns
Portfolio & Asset Allocation
Statutory Asset Allocation Mandate (SEBI / SID)
| Instrument Category | Permitted Allocation Range |
|---|---|
| Equity 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. | Per Scheme Mandate |
| #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. | Per Scheme Mandate |
Investment Objective & Strategy
The investment strategy seeks to generate alpha over the long term by investing across a spectrum of large, mid and small cap companies using long/short equity strategies. There is no assurance that the investment objective of the investment strategy will be achieved.
ℹ️ Detailed monthly stock-level holdings for this scheme are updated periodically from asset management company statutory disclosures.
Fund Size Position
Currently managing Rs 208 cr (AMFI Quarterly AAUM (All Plans) as of 2026-09-30). Positioned as small relative to Sectoral / Thematic schemes.
Fund Management
Cost & Capital Gains Taxation
From April 2026 the total expense ratio includes brokerage, transaction costs and statutory levies on top of the base fee.
Equity-oriented schemes: 20% short-term capital gains tax if sold within 12 months; 12.5% long-term capital gains tax on gains exceeding ₹1.25 lakh per financial year when held for more than 12 months.
Closest Sectoral / Thematic Peers by Rank
| Scheme | Score | 3Y Return | Expense | Downside | Fund Size | Compare |
|---|---|---|---|---|---|---|
| SBI HEALTHCARE OPPORTUNITIES FUND | 7.2 | +23.97% | 1.98% | 43.4% | Rs 6,504 cr | Compare → |
| UTI Healthcare Fund | 7.0 | +22.74% | 2.20% | 57.0% | Rs 1,536 cr | Compare → |
| Mirae Asset Healthcare Fund | 7.9 | +22.67% | - | 45.7% | Rs 3,828 cr | Compare → |
| Nippon India Taiwan Equity fund | 7.2 | +45.47% | 2.39% | -77.2% | Rs 806 cr | Compare → |
| DSP Healthcare Fund | 8.0 | +20.31% | 2.04% | 53.2% | Rs 3,946 cr | Compare → |
Frequently Asked Questions about Sapphire Equity Long Short SIF
What is the expense ratio of Sapphire Equity Long Short SIF?
Sapphire Equity Long Short SIF has a total expense ratio (TER) of 2.98% with a base expense ratio of 2.1%, compared to the Sectoral / Thematic category median of 2.52%.
Who manages Sapphire Equity Long Short SIF?
Sapphire Equity Long Short SIF is managed by Arihant Jain (tenure: 0.5 years since 2026-04-29).
What are the historical returns of Sapphire Equity Long Short SIF?
Sapphire Equity Long Short SIF has a 1-year return of -.
How large is Sapphire Equity Long Short SIF?
Sapphire Equity Long Short SIF manages assets of Rs 208 cr, placing it in the 'small' size band relative to Sectoral / Thematic peers.
How is Sapphire Equity Long Short SIF scored on MFIQ?
Sapphire Equity Long Short SIF holds an MFIQ Score of 6.3/10 (Average), based on a category percentile composite across returns, risk, consistency, and cost.
How risky is Sapphire Equity Long Short SIF?
Sapphire Equity Long Short SIF has an official SEBI riskometer rating of Very High. Over the analyzed period, its annualized standard deviation is - with a maximum historical drawdown of -9.11%.