Equity-Oriented

ITI Mutual Fund

Diviniti Equity Long Short Fund

An ITI Diviniti equity long-short SIF strategy investing in listed equity and equity-related instruments with limited short exposure.

launchedEquity Long-ShortEvidence sufficient for review

Compare this SIF Open performance desk Check official documents

Research summary

Review brief

The available documents and NAV history support comparison, while personal suitability still needs professional judgment.

Research context

Investors comparing equity-oriented SIF strategies

Review carefully if

Equity long-short outcomes can diverge from long-only equity funds

Next source check

Review benchmark: Source proof is tracked separately; the investor-facing value should be extracted before relying on it.

Source dates matter: a document can remain useful even when a newer reporting period is not yet available.

NAV by plan and option

AMFI source checked 18 Sept 2026

4 verified rows

Latest NAV by Direct and Regular plan for Growth and IDCW options
Option	Direct	Regular
Growth	₹906.6845 17 Sept 2026	₹895.9516 17 Sept 2026
IDCW	₹906.6845 17 Sept 2026 Payout + Reinvestment	₹895.9516 17 Sept 2026 Payout + Reinvestment

IDCW distribution history

Payout + Reinvestment facilities published for Direct and Regular plans.

Event review pending

Daily IDCW NAV is not a payout record. No distribution amount or date is inferred from NAV movement.

Source identifiers

Direct Growth · AMFI SIF-19 · payout/growth ISIN INF00XX30043

Direct IDCW · AMFI SIF-20 · payout/growth ISIN INF00XX30050 · reinvestment ISIN INF00XX30068

Regular Growth · AMFI SIF-21 · payout/growth ISIN INF00XX30019

Regular IDCW · AMFI SIF-22 · payout/growth ISIN INF00XX30027 · reinvestment ISIN INF00XX30035

Open official NAV source Open official option source

Decision facts

Six facts to check before shortlisting.

Read these alongside the Risk-band and performance sections. Dates and source links remain attached to each value.

Minimum investment

Rs. 10 lakh minimum SIF threshold; accredited investor rules may differ

Available

Why this matters

If the investor cannot meet the ticket size or suitability threshold, use mutual fund alternatives instead.

View source

Investment Strategy Information Document / Source reviewed 8 Sept 2026

Liquidity / exit terms

Open-ended equity SIF strategy; verify current subscription and redemption terms in official documents

Available

Why this matters

Liquidity can matter more than returns if the investor may need money quickly or cannot tolerate interval restrictions.

View source

Investment Strategy Information Document / Source reviewed 8 Sept 2026

Fund manager / team

Fund manager: Mr. Alok Ranjan, managing the strategy since 11-Jul-2026.

Available

Why this matters

Manager identity and relevant strategy experience help judge process credibility, but should come from official AMC evidence.

View source

Official ITI Diviniti July 2026 scheme dashboard / Source reviewed 8 Sept 2026

AUM

Monthly AAUM as on 31 July 2026: Rs. 330.31 crore.

Available

Why this matters

AUM affects liquidity, scalability, concentration, and whether returns are coming from a very small base.

View source

Official ITI Diviniti July 2026 AUM disclosure / Source reviewed 8 Sept 2026

TER / costs

Base expense ratio / total expense ratio as on 7 September 2026: Regular Plan 2.10% / 4.58%; Direct Plan 0.84% / 3.12%.

Available

Why this matters

Costs are essential before comparing a SIF against mutual funds or deciding whether a complex strategy is worth it.

View source

Official ITI Diviniti daily TER disclosure / Source reviewed 8 Sept 2026

Exit load / dealing rules

Exit load: 10% of units may be redeemed without exit load on or before completion of 6 months from allotment; any redemption above that limit in the first 6 months has 0.50% exit load; nil after completion of 6 months.

Available

Why this matters

Exit loads, notice periods, and dealing frequency can change suitability even when the strategy looks attractive.

View source

Official ITI Diviniti Equity Long and Short Fund ISID / Source reviewed 8 Sept 2026

Questions to resolve before shortlisting

What market condition is this strategy designed to handle best?

How does the scheme manage downside risk and liquidity pressure?

Which investor profile is explicitly not suitable for this SIF?

Risk band

Strategy and benchmark are shown separately.

A higher number indicates a higher position on the five-level Risk-band. It is one suitability input, not a complete risk verdict.

Five-level scale

Investment strategy

As of 31 Aug 2026

Lower riskHigher risk

Risk Band Level 5

View source

Source reviewed 15 Sept 2026

Benchmark

As of 31 Jul 2026

Lower riskHigher risk

Risk Band Level 5

View source

Source reviewed 8 Sept 2026

Performance evidence

Return context, with the comparison limit visible.

This is a source-matched comparison, not a return ranking. Move from market context to same-strategy SIF peers or a relatable mutual fund without hiding the limits of each lens.

Explore full analytics

Official scheme benchmark: Not captured yet

Comparison lens

Market context

The SIF and public TRI are rebased on their exact common dates. The index is a market lens, not the official scheme benchmark.

Diviniti Equity Long Short FundNifty 500 TRI

03 Dec 202516 Sept 2026

Every series is rebased to 100 on the first exact common date; values are not NAV levels.

This SIF return

-10.82%

Exact common window

Comparator return

-4.25%

Nifty 500 TRI; same dates and basis

Return difference

-6.57%

SIF minus selected comparator

Maximum drawdown

-11.37% / -14.69%

SIF / comparator

Annualized volatility

7.18% / 15.19%

Observed daily variability; SIF / comparator

Common observations

194

03 Dec 2025 to 16 Sept 2026

Comparison limit: Use this lens to study market participation, not to judge a hybrid mandate as though it were a pure-equity fund.

Sources, calculations and risk-ratio policy

Diviniti Equity Long Short Fund

AMFI daily SIF NAV | Regular Plan Growth

Open source

Data through 16 Sept 2026. Snapshot checked 18 Sept 2026. Automated daily snapshot after identity, freshness, and history QA.

Nifty 500 TRI

NSE Indices TRI snapshot | Total Return Index

Open source

Data through 16 Sept 2026. Snapshot checked 17 Sept 2026. Automated benchmark snapshot; exact common dates only.

Returns, drawdowns, and volatility are calculated by elitefunds from exact common-date observations. Automated fields refresh with the scheduled data pipeline and remain subject to source QA.

Risk-ratio guardrail

Sharpe and Sortino are withheld while the strategy has less than 36 months of observed history. Publishing either ratio now would turn a short launch record into a misleading precision signal.

Strategy lens

Equity Long-Short

An equity strategy that can hold long positions and use short exposure or hedging tools within the scheme mandate.

For MF investors: For a mutual fund investor, this is not a simple diversified equity fund. The manager has more room to express market views, hedge, or manage downside differently.

How short exposure and derivatives are permitted in the official document.

Whether the strategy is net long, market-neutral, or flexible across cycles.

How liquidity, dated Risk-band, and portfolio disclosures support the strategy claim.

Usually fits

Usually studied by experienced investors who can tolerate strategy complexity and equity-linked risk.

Review carefully

Do not compare it with a regular flexi-cap or large-cap fund only by NAV or category label.

Same-strategy peers

Compare this SIF against similar strategy labels before moving to AMC-level judgment.

Open strategies

qsif Equity Long-Short Fund DynaSIF Equity Long-Short Fund Arudha Equity Long-Short Fund Sapphire Equity Long-Short SIF Titanium Equity Long-Short Fund WSIF Equity Long-Short Fund Arthaya Equity Long Short Fund iSIF Equity Long-Short Fund

Mutual fund bridge

Mutual fund context if this SIF is not suitable

For Diviniti Equity Long Short Fund, compare conventional mutual funds when the Rs. 10 lakh SIF ticket, liquidity terms, or strategy complexity is not suitable. A same-AMC option is identified where the curated universe supports it.

Not equivalent to SIF

Lower-ticket equity core comparison

Equity long-short context

13 curated MFs

For investors who like the equity-growth objective of an equity SIF but cannot or should not start with the Rs. 10 lakh SIF threshold.

Same-AMC conventional starting point

ITI Flexi Cap FundSame AMC

Fund-house continuity only; the mutual fund does not replicate the SIF mandate, short book, or liquidity terms.

Why compare, carefully

Compare rolling returns, downside capture, drawdown behaviour, market-cap mix, and consistency against equity TRI benchmarks before discussing a SIF allocation.

Key limitation

A diversified equity mutual fund does not provide the same permitted short exposure, leverage rules, or derivative-led strategy latitude as an equity long-short SIF.

Compare using

• Rolling 1Y/3Y return bands
• Downside capture versus Nifty 500 TRI
• Maximum drawdown and recovery months

Other curated peers

Parag Parikh Flexi Cap Fund Quant Flexi Cap Fund Nippon India Multi Cap Fund Mirae Asset Large & Midcap Fund SBI Large Cap Fund ICICI Prudential Flexicap Fund+6 more

Same AMC identifies fund-house continuity only. It does not imply closer equivalence, superior suitability, or a recommendation.

Open the mutual fund section for the full category map, live NAV context, and broader peer set.

View MF alternatives

Sources and documents

Source checked

Current ITI product disclosure reports both strategy and Nifty 50 TRI benchmark at Risk Level 5 as of 2026-07-31.

Open document

Document link checked 8 Sept 2026

Open full document room Review methodology

How to proceed

Research here. Invest only through authorized channels.

elitefunds is a research and evidence interface. It does not provide recommendations, advisory services, or transaction execution.

Read process

Research first

Use elitefunds to understand the SIF universe, NAV context, strategy, documents, and source gaps.

Verify official sources

Open the AMC, factsheet, ISID, KIM, dated Risk-band, and portfolio disclosures before relying on any profile.

Proceed through authorized channels

If you choose to invest, use an authorized distributor, advisor, or official AMC channel. elitefunds does not execute transactions.

Before proceeding with this SIF

Is Diviniti Equity Long Short Fund suitable for the role you want in the portfolio?

Have NAV freshness, liquidity terms, taxation, and dated Risk-band evidence been checked?

Has the fund manager/team evidence been verified from official documents?

Which authorized distributor, advisor, or AMC channel will handle execution if you proceed?