Key Takeaways
- • DynaSIF Equity Long-Short Fund (Direct Plan) is a Category III Alternative Investment Fund launched by 360 ONE Mutual Fund on February 25, 2026, with a stated investment objective of generating long-term capital appreciation through structural, cyclical, and tactical equity opportunities with hedging and shorting optionality.
- • Fund manager Harsh Aggarwal brings 18 years of buy-side research and portfolio management experience in long-short investing, including 5+ years as head of Alternative Strategies at Tata AMC where he managed multiple Category III AIFs with peak AUM exceeding ₹3,000 crore across equities, derivatives, and fixed income.
- • Current fund metrics as of August 28, 2026: NAV of ₹10.78 per unit with an expense ratio of 0.83%; average annual returns of 6.58% since launch, reflecting six months of operational performance.
- • Portfolio construction includes exposure to multiple asset classes and strategies, with the fund employing both long equity positions and derivative-based long-short strategies across equities and commodities, supported by fixed income components for diversification.
- • Direct Plan structure provides investors with lower costs compared to regular plans, making the fund accessible to institutional and sophisticated retail investors seeking alternative equity strategies with downside protection mechanisms.
Summary
DynaSIF Equity Long-Short Fund (Direct Plan) is a newly launched Category III Alternative Investment Fund managed by 360 ONE Mutual Fund, initiated on February 25, 2026. The fund targets long-term capital appreciation by deploying structural, cyclical, and tactical investing strategies across equity markets, with explicit provisions for hedging and short-selling to manage downside risk. This positioning differentiates it from traditional long-only equity funds and appeals to investors seeking market-neutral or hedged equity exposure.
The fund is managed by Harsh Aggarwal, a portfolio manager with substantial credentials in alternative investing. Aggarwal holds an MBA from Symbiosis Pune, along with specialized certifications including Certified Portfolio Manager (CPM) and Certified Treasury Manager (CTM) from ICFAI, supplemented by NISM Series XIX-C certification. His professional track record spans 18 years in buy-side research and portfolio management focused on long-short strategies across research firms, proprietary trading desks, and asset management platforms. Most notably, Aggarwal served as head of Alternative Strategies at Tata AMC for over five years, during which he designed and managed multiple Category III AIFs that achieved peak combined assets under management exceeding ₹3,000 crore, employing diversified allocation strategies encompassing equity long-only positions, equity and commodity derivatives long-short strategies, and fixed income components.
As of August 28, 2026—approximately six months post-launch—the fund reported a NAV of ₹10.78 per unit with average annual returns of 6.58% since inception. The fund operates with an expense ratio of 0.83% under its Direct Plan variant, which typically carries lower costs than Regular Plan share classes by eliminating distributor commissions. The fund's strategy remains focused on identifying and capitalizing on structural, cyclical, and tactical opportunities within equity markets while maintaining the flexibility to employ hedging mechanisms and short positions to mitigate portfolio drawdowns.
The fund is managed by Harsh Aggarwal, a portfolio manager with substantial credentials in alternative investing. Aggarwal holds an MBA from Symbiosis Pune, along with specialized certifications including Certified Portfolio Manager (CPM) and Certified Treasury Manager (CTM) from ICFAI, supplemented by NISM Series XIX-C certification. His professional track record spans 18 years in buy-side research and portfolio management focused on long-short strategies across research firms, proprietary trading desks, and asset management platforms. Most notably, Aggarwal served as head of Alternative Strategies at Tata AMC for over five years, during which he designed and managed multiple Category III AIFs that achieved peak combined assets under management exceeding ₹3,000 crore, employing diversified allocation strategies encompassing equity long-only positions, equity and commodity derivatives long-short strategies, and fixed income components.
As of August 28, 2026—approximately six months post-launch—the fund reported a NAV of ₹10.78 per unit with average annual returns of 6.58% since inception. The fund operates with an expense ratio of 0.83% under its Direct Plan variant, which typically carries lower costs than Regular Plan share classes by eliminating distributor commissions. The fund's strategy remains focused on identifying and capitalizing on structural, cyclical, and tactical opportunities within equity markets while maintaining the flexibility to employ hedging mechanisms and short positions to mitigate portfolio drawdowns.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.