HomeFund UniverseiSIF Hybrid Long-Short

iSIF Hybrid Long-Short Fund

Allotted 4 Feb 20267 mo old
By ICICI Prudential Mutual Fund · Managed by Manish Banthia, Rajat Chandak & team · Launched Feb 2026

ICICI Prudential's hybrid long-short SIF — a 65–75% equity book with up to 25% unhedged short exposure through derivatives, inside an equity-taxation wrapper. Benchmarked to the CRISIL Hybrid 50+50 Moderate Index.

Hybrid Long-Short SEBI Reg · ₹10L min · Interval (twice-weekly) Equity taxation (12.5% LTCG)
Minimum investment
₹10 lakh
₹1 lakh for accredited investors
SEBI norm for Specialized Investment Funds
NAV
₹10.449
Official AMFI · Regular · 18 Sep 2026
1M Return
▼ 1.91%
Absolute · Regular
3M Return
▲ 3.21%
Absolute · Regular
6M Return
▲ 8.84%
From 18 Mar 2026 to 18 Sep 2026
Since inception
▲ 4.49%
Since allotment, vs face value
AUM
₹1,323 Cr
Value Research · 21 Sep 2026
Expense Ratio
1.82%
AMFI · Regular plan · 10 Sep 2026

Daily NAV performance

Official daily NAVs from our archive of AMFI's SIF NAV feed, plotted for the plan selected. Use the buttons to change the period; the dates covered are shown under the chart. The monthly table gives each calendar month's change.

Monthly returns

Month-on-month change computed from month-end official NAVs in our archive. The first and current months are partial: they run from the earliest, or to the latest, NAV we hold.

Building from the NAV archive…

How the fund actually invests

The scheme's mechanics as set out in its offer documents: what the manager can and cannot do.

A 65–75% equity book. The scheme holds 65–75% in equity, with up to 25% of net assets in unhedged short positions through derivatives. Per the SID, cumulative gross exposure is capped at 100% of net assets, so it is a long-biased hybrid with a short overlay rather than a fund that can sit net-short the market.

Shorts through derivatives. The short side uses index and stock futures and options, within the SID's cumulative gross-exposure cap of 100% of net assets.

A 25–35% debt sleeve. Debt is held within the 25–35% band set out in the SID; the monthly portfolio disclosure below shows the instruments actually held.

Taxation and access. With equity at 65% or more, the scheme is taxed as equity-oriented (12.5% LTCG after 12 months, 20% STCG). It is an interval structure open for redemption twice a week (Monday and Wednesday), with a 1% exit load within 12 months.

Fund mechanics

Equity allocation
65% to 75% of assets
Debt allocation
25% to 35%
Predominantly high-grade corporates
Unhedged short
0% to 25% of net assets
Index & stock F&O; gross exposure ≤100%
Benchmark
CRISIL Hybrid 50+50 Moderate Index
Risk Band
Level 5 of 5 (Value Research)
Expense ratio
See the live figure above (AMFI TER disclosure)
Redemption
Interval — twice weekly (Mon & Wed)
Min investment
₹10 lakh (PAN-level; ₹1L accredited)
Liquidity
Interval; proceeds within ~3 business days
Exit load
1% if redeemed within 12 months; nil after
Tax treatment
Equity-oriented
12.5% LTCG >12m, 20% STCG

Every Hybrid Long-Short SIF we track

All Hybrid Long-Short funds we track, with their latest NAV, trailing returns, size and risk level. This fund is highlighted. Click a column heading to sort the table; the # column then shows each fund's position on that column. It is arithmetic on the period you chose, not a rating or a recommendation. Most SIFs are young, so check each fund's age before comparing. Open any fund's page from its name, or use the compare tool for a side-by-side view.

#NAV
Loading live data…

“—” means the fund is too young for that period or the figure isn't disclosed yet. Default order: 3-month return. NAV and returns follow the plan selected above (Growth option); AUM and risk level from Value Research.

Key risks to read about

Risks that follow from the scheme's own terms. The scheme-specific risk factors in its ISID, SID and KIM are the authoritative list — read them before investing.

⚠ Derivatives and short positions
Up to 25% of net assets can be held in unhedged short positions through derivatives. Shorts and derivatives lose money when prices move against them, and the loss on a short position is not limited to the amount committed.
⚠ Equity market risk
With 65–75% in equity, the NAV moves with equity markets. The short overlay may reduce that exposure but cannot remove it.
⚠ Liquidity terms
Redemptions are accepted only on the scheme's twice-weekly interval days (Monday and Wednesday), and a 1% exit load applies within 12 months of allotment.
⚠ Short live record
The scheme was allotted in February 2026, so its record covers only a short stretch of market conditions.
Talk to Trustner

Questions about iSIF Hybrid Long-Short?

A 20-minute conversation with a Trustner relationship manager about how the scheme works, its liquidity terms and the paperwork. No fee. No obligation. We are an AMFI-registered distributor (ARN-286886); we do not provide personalised investment advice.

Portfolio holdings

Every line disclosed in the AMC's portfolio disclosure as of 31 Jul 2026, ranked by exposure. The ten largest are shaded. Portfolios are disclosed periodically, so these are the most recent published positions — not live weights.

107
Disclosed portfolio lines
41.35%
Top-10 concentration
66.24%
Listed equity · 52 lines
33
Derivatives lines
20.53%
Debt & liquidity · 20 lines
2
Other assets lines
#SecuritySector / bucketSideExposure
01
TREPS
9.61%
02
Net Current Assets
4.76%
03
Nifty Bank $$
Index FuturesLONG4.56%
04
TVS Motor Company Ltd.
INE494B01023
AutomobilesLONG4.11%
05
Government Securities
IN0020260025
SOVLONG3.27%
06
NABARD **
INE261F08EK5
CRISIL AAALONG3.24%
07
Reliance Industries Ltd.
INE002A01018
Petroleum ProductsLONG3.02%
08
ICICI Bank Ltd.
INE090A01021
BanksLONG2.98%
09
Axis Bank Ltd.
INE238A01034
BanksLONG2.95%
10
Eternal Ltd.
INE758T01015
RetailingLONG2.86%
11
HDFC Bank Ltd.
INE040A01034
BanksLONG2.74%
12
Shadowfax Technologies Ltd
INE12UN01015
Transport ServicesLONG2.53%
13
Maruti Suzuki India Ltd.
INE585B01010
AutomobilesLONG2.36%
14
Tata Motors Ltd.
INE1TAE01010
Agricultural, Commercial & Construction VehiclesLONG2.33%
15
Cholamandalam Investment And Finance Company Ltd. **
INE121A07SU3
ICRA AA+LONG2.31%
16
360 One Prime Ltd **
INE248U07GG6
ICRA AALONG2.31%
17
Muthoot Finance Ltd. **
INE414G07JX2
CRISIL AA+LONG2.31%
18
Interglobe Aviation Ltd.
INE646L01027
Transport ServicesLONG2.25%
19
NTPC Ltd.
INE733E01010
PowerLONG2.23%
20
Canara Bank **
INE476A16H01
CRISIL A1+LONG2.23%
21
Interest Rate Swaps- MD -27-Feb-2029 (Pay float/receive fixed)
2.22%
22
Government Securities
IN0020250075
SOVLONG2.18%
23
State Government of Telangana
IN4520250684
SOVLONG2.06%
24
State Bank Of India
INE062A01020
BanksLONG2.03%
25
Mahindra & Mahindra Ltd.
INE101A01026
AutomobilesLONG1.73%
26
Avenue Supermarts Ltd.
INE192R01011
RetailingLONG1.69%
27
Shriram Finance Ltd.
INE721A01047
FinanceLONG1.66%
28
Britannia Industries Ltd.
INE216A01030
Food ProductsLONG1.64%
29
Infosys Ltd.
INE009A01021
It - SoftwareLONG1.56%
30
HDFC Asset Management Company Ltd.
INE127D01025
Capital MarketsLONG1.42%
31
Manappuram Finance Ltd. **
INE522D07CK1
CRISIL AALONG1.39%
32
HDFC Bank Ltd. (Put option) $$
BanksLONG1.37%
33
SBI Funds Management Ltd.
INE640G01020
Capital MarketsLONG1.36%
34
Ultratech Cement Ltd.
INE481G01011
Cement & Cement ProductsLONG1.29%
35
Maruti Suzuki India Ltd. (Call option) $$
AutomobilesSHORT-1.27%
36
Indo-Mim Ltd.
INE084101034
Industrial ManufacturingLONG1.26%
37
360 One Wam Ltd.
INE466L01038
Capital MarketsLONG1.12%
38
Swiggy Ltd
INE00H001014
RetailingLONG1.06%
39
Sona Blw Precision Forgings Ltd.
INE073K01018
Auto ComponentsLONG1.02%
40
Reliance Industries Ltd. (Call option) $$
Petroleum ProductsSHORT-0.98%
41
Tata Steel Ltd.
INE081A01020
Ferrous MetalsLONG0.95%
42
Travel Food Services Ltd
INE103V01028
Leisure ServicesLONG0.92%
43
Bajaj Finance Ltd.
INE296A01032
FinanceLONG0.86%
44
Rubicon Research Ltd
INE506V01022
Pharmaceuticals & BiotechnologyLONG0.80%
45
Red Tape Ltd
INE0LXT01019
Consumer DurablesLONG0.78%
46
Shriram Finance Ltd. $$
FinanceSHORT-0.71%
47
Jindal Saw Ltd.
INE324A01032
Industrial ProductsLONG0.71%
48
Triveni Turbine Ltd.
INE152M01016
Electrical EquipmentLONG0.71%
49
Maharashtra Seamless Ltd.
INE271B01025
Industrial ProductsLONG0.70%
50
CEAT Ltd.
INE482A01020
Auto ComponentsLONG0.69%
51
Angel One Ltd.
INE732I01021
Capital MarketsLONG0.68%
52
Titan Company Ltd.
INE280A01028
Consumer DurablesLONG0.68%
53
Pg Electroplast Ltd.
INE457L01029
Consumer DurablesLONG0.67%
54
Kusumgar Ltd
INE0ISX01025
Textiles & ApparelLONG0.66%
55
Tech Mahindra Ltd.
INE669C01036
It - SoftwareLONG0.64%
56
Rolex Rings Ltd.
INE645S01024
Auto ComponentsLONG0.64%
57
Dixon Technologies (India) Ltd.
INE935N01020
Consumer DurablesLONG0.60%
58
State Government of Haryana
IN1620250325
SOVLONG0.58%
59
Cash Margin - Derivatives
0.56%
60
Standard Engineering Technology Ltd.
INE0M4D01010
Industrial ManufacturingLONG0.54%
61
Netweb Technologies India
INE0NT901020
It - ServicesLONG0.54%
62
Larsen & Toubro Ltd.
INE018A01030
ConstructionLONG0.54%
63
One 97 Communications Ltd
INE982J01020
Financial Technology (Fintech)LONG0.53%
64
Axis Bank Ltd. (Call option) $$
BanksSHORT-0.52%
65
TVS Motor Company Ltd. (Call option) $$
AutomobilesSHORT-0.52%
66
PB Fintech Ltd.
INE417T01026
Financial Technology (Fintech)LONG0.50%
67
Avenue Supermarts Ltd. (Put option) $$
RetailingLONG0.50%
68
Samvardhana Motherson International Ltd.
INE775A01035
Auto ComponentsLONG0.50%
69
Eternal Ltd. (Call option) $$
RetailingSHORT-0.50%
70
The Ethos Ltd.
INE04TZ01018
Consumer DurablesLONG0.48%
71
91 Days Treasury Bills
IN002026X131
SOVLONG0.46%
72
Adani Ports and Special Economic Zone Ltd. (Put option) $$
Transport InfrastructureLONG0.46%
73
Shriram Finance Ltd. (Call option) $$
FinanceSHORT-0.45%
74
Hindalco Industries Ltd.
INE038A01020
Non - Ferrous MetalsLONG0.45%
75
Godrej Industries Ltd. **
INE233A08212
CRISIL AA+LONG0.44%
76
Godrej Industries Ltd. **
INE233A08204
CRISIL AA+LONG0.44%
77
Titan Company Ltd. (Call option) $$
Consumer DurablesSHORT-0.41%
78
Trent Ltd.
INE849A01020
RetailingLONG0.38%
79
Hindustan Aeronautics Ltd.
INE066F01020
Aerospace & DefenseLONG0.34%
80
Britannia Industries Ltd. (Call option) $$
Food ProductsSHORT-0.33%
81
Container Corporation Of India Ltd.
INE111A01025
Transport ServicesLONG0.30%
82
Container Corporation of India Ltd. (Call option) $$
Transport ServicesSHORT-0.30%
83
HDFC Asset Management Company Ltd. (Call option) $$
Capital MarketsSHORT-0.30%
84
Ultratech Cement Ltd. (Call option) $$
Cement & Cement ProductsSHORT-0.28%
85
Avenue Supermarts Ltd. (Call option) $$
RetailingSHORT-0.28%
86
364 Days Treasury Bills
IN002025Z229
SOVLONG0.28%
87
Tata Steel Ltd. (Call option) $$
Ferrous MetalsSHORT-0.25%
88
Tata Steel Ltd. (Call option) $$
Ferrous MetalsSHORT-0.25%
89
NTPC Ltd. (Call option) $$
PowerSHORT-0.25%
90
Axis Bank Ltd. (Put option) $$
BanksLONG0.24%
91
HDFC Bank Ltd. (Call option) $$
BanksSHORT-0.23%
92
RR Kabel Ltd.
INE777K01022
Industrial ProductsLONG0.22%
93
Premier Energies Ltd. (Put option) $$
Electrical EquipmentLONG0.22%
94
Infosys Ltd. (Call option) $$
It - SoftwareSHORT-0.21%
95
Mahindra & Mahindra Ltd. (Put option) $$
AutomobilesLONG0.20%
96
Ge Vernova T&D India Ltd. $$
Electrical EquipmentLONG0.20%
97
Larsen & Toubro Ltd. $$
ConstructionSHORT-0.19%
98
Tech Mahindra Ltd. (Call option) $$
It - SoftwareSHORT-0.19%
99
Interglobe Aviation Ltd. (Call option) $$
Transport ServicesSHORT-0.19%
100
364 Days Treasury Bills
IN002025Z286
SOVLONG0.18%
101
Interglobe Aviation Ltd. (Call option) $$
Transport ServicesSHORT-0.18%
102
Hindalco Industries Ltd. (Call option) $$
Non - Ferrous MetalsSHORT-0.17%
103
Hindalco Industries Ltd. (Call option) $$
Non - Ferrous MetalsSHORT-0.16%
104
91 Days Treasury Bills
IN002026X073
SOVLONG0.09%
105
91 Days Treasury Bills
IN002026X081
SOVLONG0.09%
106
91 Days Treasury Bills
IN002026X115
SOVLONG0.09%
107
91 Days Treasury Bills
IN002026X123
SOVLONG0.09%

Showing the 10 largest positions. The full disclosed book, including the short side, is one click away.

Largest equity sectors

Aggregated from the disclosed cash-equity lines.

Banks
10.70%
Automobiles
8.20%
Retailing
5.98%
Transport Services
5.09%
Capital Markets
4.58%
Consumer Durables
3.20%

Call options written (in terms of premium) as percentage of total maket value of equity shares held in SIFHYBID is 0.2675% | 4. Total outstanding exposure in derivatives instrument: Refer Annexure | Portfolio turnover ratio: 1.18 times | Average maturity: 4.36 years | LONG/SHORT flag is derived from the sign of the disclosed Quantity / "% to Nav" in the source file (negative = short/written position); the source does not carry an explicit Long/Short column in the main portfolio table. Interest Rate Swap lines are disclosed at notional value without a sign and are left as null. Sleeve keys "derivatives" and "other" are null because the file does not disclose a single combined total for them - see sectionTotals for every disclosed sub-total.

Normalised from the AMC's published portfolio statement. Derivative market value, notional exposure and regulatory gross exposure can be measured on different bases, so the AMC's own statement remains controlling. Holdings are historical and change without notice — this is not a recommendation to buy or sell any security.

Documents & source files

Everything on this page traces back to a document ICICI Prudential published. Here they are, so you can read the primary source yourself rather than take our word for it.

When new documents appear. AMCs publish the previous month's factsheet and portfolio disclosure in the first week or so of each month — so from around the 8th you can generally expect the prior month-end file. Our desk re-checks every AMC on that cycle and updates the holdings and figures on this page. Links point to the AMC's own site, so you always land on their current file, not a stale copy of ours.
Who runs the money

The management team

The people responsible for this SIF, as named in the scheme's official disclosures. Backgrounds are drawn from published fund and AMC sources; fund managers can change over the life of a scheme.

MB
Manish Banthia
CIO – Fixed Income · ICICI Prudential

With ICICI Prudential AMC since 2005 and nearly two decades in fixed income (CA, MBA). Oversees the AMC's debt strategy across its bond and hybrid schemes.

RC
Rajat Chandak
Senior Equity Fund Manager · ICICI Prudential

With ICICI Prudential AMC since 2008. Also manages or co-manages the firm's Flexicap, Balanced Advantage and Smallcap funds.

AK
Akhil Kakkar
Fund Manager · ICICI Prudential

B.Tech (IIT Roorkee) and a PGDM in Finance; earlier roles at Kotak Mahindra Bank, SBI Capital Markets and Goldman Sachs.

AS
Ayush Shah
Fund Manager · ICICI Prudential

Named as a designated fund manager of the scheme since its 2026 launch.

Sources: ICICI Prudential's official Key Information Memorandum for the scheme (names all four managers); manager backgrounds via Value Research, Groww and Tickertape. Note: Sankaran Naren is ICICI Prudential's ED & CIO and is not a designated fund manager of this specific scheme.

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