ITI Long Short Equity Fund

Derivatives

Diversified

India Long Short Hedge

Others

Aggressive growth Investor Profile

Investor Profile

Empty

HNI, UHNI, Retail Investor, Mass AffluentTarget Segments

SEBI registered equity mutual fund suitable for all investor categoriesRegulatory Fit

ITI Long Short Fund invests in alternative assets for non-traditional growth opportunities.

What This Strategy Does

ITI Long Short Equity Fund is an equity fund which captures India's market opportunity through a long-short investment approach, deploying capital across sectors to achieve benchmark-agnostic returns.

CW Expert Research Notes

Opportunistic Equity Exposure

The fund's long-short strategy allows for dynamic equity exposure, capturing upside while mitigating downside through active hedging.

Concentrated High-Conviction Bets

The portfolio reflects a concentrated approach with high active share, expressing conviction through overweights in select sectors and market-cap segments.

Macro-Driven Tactical Positioning

The fund's positioning reflects top-down views on key macro drivers like policy shifts, earnings revisions, and structural trends across industries.

Performance and Risk Analysis

Historical returns, volatility patterns, and how this fund has performed relative to its benchmark.

Benchmark Performance Comparison

ITI Long Short Fund

FD Returns

Detailed Risks

Market Risk

Prolonged economic downturn could trigger redemptions, contracting fund liquidity.

Liquidity Risk

Volatility spikes may impair small/micro-cap exits, mitigated by large-cap bias.

Concentration Risk

Concentrated tech exposure amplifies idiosyncratic risks like regulatory scrutiny.

Specific Strategy Risk

Earnings misses or competitive pressures could impair scaling plans.

Strategy Details

A closer look at the investment thesis, portfolio construction, and current holdings.

Core Investment Theme

Delivers unconstrained exposure to India's equity market by going long on high-conviction ideas and shorting overvalued positions. This long-short approach aims to generate alpha through active stock selection while mitigating market risk. The impact is a portfolio with lower volatility and drawdowns compared to traditional long-only strategies, providing a smoother return profile.

Broader Market View

Market Outlook

The equity market appears to be in a post-correction phase, offering an attractive entry point as consumption and earnings normalize. Sectors like consumer, financials, and industrials stand to benefit from this recovery, though risks like margin pressure and cyclicality persist.

Why This Strategy is Attractive Now

This strategy seems well-positioned for the current environment with exposure to consumer cyclicals, financials, and technology leaders. Its diversification across around 70 holdings, coupled with a moderate beta and flexibility, aligns it with a risk-adjusted approach amidst the market recovery.

Investment Style & Process

Investment Style

The portfolio appears to reflect a long-short equity strategy, combining long positions in quality growth companies with short positions to hedge market risk.

Why it Makes Sense

This approach is consistent with an environment where earnings visibility remains uneven, suggesting a preference for quality compounders balanced with prudent risk management.

High-Level Investment Process

Sourcing: Leverages fundamental research to identify companies with sustainable competitive advantages and attractive growth runways. Selection: Employs rigorous due diligence to assess management quality, capital allocation discipline, and valuation support. Construction: Builds a concentrated portfolio of high-conviction longs, complemented by single-name shorts to reduce market directionality.