ITI - Long Short Equity Fund AIF: Returns, Portfolio & Fees

AIF · Equity · CAT III - LONG SHORT

ITI - Long Short Equity Fund

IRRSince inception11.86%

Alpha (3Y)3.10%

3Y return10.56%

Fund age8 yrs 4 mo

Fund Manager

Rajesh Bhatia

Fund Manager, AIF, ITI Long Short Equity fund

Rajesh Bhatia has 25+ years of investment experience in Indian equities; Last ten years in Alternative Investments (Long-Short fund management) CIO, Simto Investments, a subsidiary of Tata Investments; proprietary book Co-founder & CIO, Heritage India Advisors, Indian advisor to New York based, Heritage Capital, an India long-short equity fund; The Heritage Fund was nominated as among the Top 5 funds in India for its performance in 2010, by Eureka Hedge, an independent international data provider and alternate research firm, Senior VP & Head, Portfolio Management Services (PMS), Reliance Capital Asset Management; started the business unit for the firm in 2004 Corporate Database, SBC Warburg and IL&FS Private Equity, Commerce graduate, H.R. College of Commerce & Economics; ACMA (cost and management accounting); Completed the CFA program conducted by CFA Institute, USA.

Managing AUM₹773 Cr

Growth of₹Cr

ITI Long Short Equity

Returns: How it has done

Scheme / Benchmark	YTD	1Y	2Y	3Y	5Y	Since inception
ITI Long Short Equity	−7.76%	−3.55%	0.47%	10.56%	8.20%	11.86%
NIFTY 50 Index	−7.00%	−1.42%	−2.32%	7.74%	7.05%	10.52%
Excess over benchmark	−0.76%	−2.13%	2.79%	2.82%	1.15%	1.34%

Returns up to one year are absolute; two years and above are annualised (CAGR). YTD is calendar-year-to-date. As on 31 Aug 2026.

Risk : What you take on to earn the return

Volatility

8.51%

Benchmark approx 13.11%

A standard deviation reflecting historical swings.

Sensitivity

0.49

Beta vs benchmark 1.00 · 51% less reactive

How strongly the scheme moves with the index.

Risk-reward

0.61

Sharpe

Excess return gained per unit of volatility.

Capture ratio

70 / 41

Upside / Downside Capture

Share of market gains captured versus losses absorbed.

How far below its previous high it fell

Over the trailing 3Y window the scheme fell −9.10% from its 30 Jan 2026 peak to a 31 May 2026 trough. It has not yet recovered.

Max drawdowns

−9.10%

Scheme Drawdown Trajectory

Drawdown analysis	Peak	Trough	Depth	Fell over	Recovered	Recovery took
Scheme	30 Jan 2026	31 May 2026	−9.10%	121 days	–	–
Benchmark	30 Aug 2024	28 Feb 2025	−15.27%	182 days	–	–

Scheme

Peak30 Jan 2026

Trough31 May 2026

Depth−9.10%

Fell over121 days

Recovered–

Recovery took–

Benchmark

Peak30 Aug 2024

Trough28 Feb 2025

Depth−15.27%

Fell over182 days

Recovered–

Recovery took–

The benchmark's peak, trough and recovery are read off its month-end curve; the scheme's row is measured on daily NAV. · Risk and drawdown use a trailing 3Y window · As on 31 Aug 2026

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