Sapphire SIF

Sapphire Equity Long-Short SIF - Growth

AMFI scheme code SIF-96 · ISIN INF090I30014

A predominantly equity mandate that holds long positions in stocks it expects to appreciate while taking limited short exposure, through derivatives, against those it expects to fall. The short leg is capped by SEBI at 25% of net assets, so the strategy is directional rather than market-neutral: it aims to add return and damp drawdowns, not to remove market exposure.

Minimum investment

₹10,00,000

Expense ratio

2.98%Total TER, Regular plan, 12 Nov 2026

Exit load

1% if units redeemed within one year of allotment, NIL thereafter

Risk band

Band 5

Benchmark

Nifty 500 TRI

Redemption

Daily on all business days

Taxation

Taxed as an equity-oriented fund where the transaction is chargeable to STT. LTCG (holding >12 months): 12.5% for resident individuals/HUF, domestic corporates and non-residents, on gains exceeding Rs 1,25,000 in a financial year. STCG (holding <=12 months): 20% for all three. IDCW taxed at the investor's applicable rate for residents and domestic corporates, and 20% for non-residents. TDS: IDCW 10% for residents (no withholding under section 194K where the amount paid in a financial year does not exceed Rs 10,000) and 20% for non-residents; Nil on LTCG and STCG for residents, 12.5% and 20% respectively for non-residents, with no TDS on either for foreign portfolio investors. Rates are increased by applicable surcharge and health & education cess.

Dividend

Growth Plan and Income Distribution cum capital withdrawal (IDCW) Plan, each offered as a Regular and a Direct variant; the IDCW Plan carries Reinvestment and Payout options. All plans share a common portfolio and units have a face value of Rs 1,000. Default Plan is Direct; default Option is Growth, and Reinvestment of IDCW where IDCW is chosen without an option. (This scheme is the Growth plan.)