Trustner offers the Regular plan as an AMFI-registered SIF distributor (ARN-286886) and earns a commission from the fund house. We explain the documents and the process; we do not recommend funds. Disclosures
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.
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.
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… |
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 one month (12 months for investments made before 4 September 2026).
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 | |||||||
|---|---|---|---|---|---|---|---|---|
| — | Altiva Hybrid Long-Short Edelweiss | ₹10.977 | ▲ 0.30% | ▲ 0.08% | ▲ 4.11% | ▲ 9.77% | 11,231 | 1 / 5 |
| — | Apex Hybrid Long-Short Aditya Birla SL | ₹10.8831 | ▲ 1.28% | ▲ 2.35% | ▲ 7.97% | ▲ 8.83% | 354 | 1 / 5 |
| — | Arudha Hybrid Long-Short Bandhan | ₹10.439 | ▲ 0.41% | ▲ 0.75% | ▲ 3.02% | ▲ 4.39% | 158 | 1 / 5 |
| — | Infinity Hybrid Long-Short Kotak Mahindra | ₹10.495 | ▲ 1.22% | ▲ 2.80% | — | ▲ 4.95% | 2,995 | 1 / 5 |
| — | iSIF Hybrid Long-Short ICICI Prudential | ₹10.6585 | ▲ 3.06% | ▲ 0.09% | ▲ 6.44% | ▲ 6.59% | 1,557 | 5 / 5 |
| — | Magnum Hybrid Long-Short SBI | ₹10.4411 | ▲ 1.27% | ▼ 0.49% | ▲ 2.15% | ▲ 4.41% | 3,982 | 1 / 5 |
| — | Platinum Hybrid Long-Short Mirae Asset | ₹10.211 | ▲ 1.74% | ▲ 0.01% | — | ▲ 2.11% | 385 | 1 / 5 |
| — | Prism Hybrid Long-Short Fund Jio BlackRock | ₹10.2684 | ▲ 0.57% | ▲ 1.60% | — | ▲ 2.68% | 459 | 2 / 5 |
| — | qSIF Hybrid Long-Short Quant | ₹12.7263 | ▼ 1.03% | ▲ 15.65% | ▲ 20.78% | ▲ 27.26% | 663 | 3 / 5 |
| — | RedHex Hybrid Long-Short HSBC | ₹10.2748 | ▲ 0.49% | ▲ 1.48% | — | ▲ 2.75% | 1,504 | 2 / 5 |
| — | Titanium Hybrid Long-Short Tata | ₹10.3557 | ▲ 4.73% | ▲ 1.77% | ▲ 3.76% | ▲ 3.56% | 541 | 5 / 5 |
| Official AMFI NAVs as of 6 Nov 2026, in name order. Absolute returns, not annualised, Regular plan · Growth. Past performance may or may not be sustained in future. This table refreshes in your browser with the latest figures and can be sorted. | ||||||||
“—” 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 from each fund house's latest portfolio statement, risk level from Value Research.
Other SIFs from ICICI Prudential: iSIF Active Asset Allocator · iSIF Equity Ex-Top 100 LS · iSIF Equity Long-Short
Fund house: all iSIF strategies and managers.
Compare iSIF Hybrid Long-Short with: Altiva Hybrid Long-Short · Apex Hybrid Long-Short · Arudha Hybrid Long-Short · Infinity Hybrid Long-Short · Magnum Hybrid Long-Short · Platinum Hybrid Long-Short · RedHex Hybrid Long-Short · Titanium Hybrid Long-Short · qSIF Hybrid Long-Short.
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.
Every line disclosed in the AMC's portfolio disclosure as of 30 Sep 2026, ranked by exposure, largest first. Portfolios are disclosed periodically, so these are the most recent published positions — not live weights.
This is the latest portfolio statement the AMC had published when we last checked its disclosure page on 13 Oct 2026.
| # | Security | Sector / bucket | Side | Exposure |
|---|---|---|---|---|
| 01 | TREPS | — | — | 7.50% |
| 02 | TVS Motor Company Ltd. INE494B01023 | Automobiles | LONG | 4.82% |
| 03 | Government Securities IN0020260025 | SOV | LONG | 3.48% |
| 04 | Nifty Bank $$Future | Index Futures | LONG | 2.86% |
| 05 | HDFC Bank Ltd. INE040A01034 | Banks | LONG | 2.85% |
| 06 | Maruti Suzuki India Ltd. INE585B01010 | Automobiles | LONG | 2.68% |
| 07 | ICICI Bank Ltd. INE090A01021 | Banks | LONG | 2.67% |
| 08 | Shadowfax Technologies Ltd INE12UN01015 | Transport Services | LONG | 2.63% |
| 09 | Axis Bank Ltd. INE238A01034 | Banks | LONG | 2.53% |
| 10 | Mahindra & Mahindra Ltd. INE101A01026 | Automobiles | LONG | 2.43% |
| 11 | Interglobe Aviation Ltd. INE646L01027 | Transport Services | LONG | 2.36% |
| 12 | State Bank Of India INE062A01020 | Banks | LONG | 2.05% |
| 13 | NTPC Ltd. INE733E01010 | Power | LONG | 2.00% |
| 14 | Reliance Industries Ltd. INE002A01018 | Petroleum Products | LONG | 1.90% |
| 15 | Avenue Supermarts Ltd. INE192R01011 | Retailing | LONG | 1.89% |
| 16 | Life Insurance Corporation of India INE0J1Y01017 | Insurance | LONG | 1.87% |
| 17 | TML Commercial Vehicles Ltd. INE1TAE01010 | Agricultural, Commercial & Construction Vehicles | LONG | 1.86% |
| 18 | Eternal Ltd. INE758T01015 | Retailing | LONG | 1.75% |
| 19 | Piramal Capital & Housing Finance Ltd INE202B07JT0 | ICRA AA+ | LONG | 1.61% |
| 20 | Cholamandalam Investment And Finance Company Ltd. ** INE121A07SU3 | ICRA AA+ | LONG | 1.61% |
| 21 | NABARD INE261F08EK5 | CRISIL AAA | LONG | 1.60% |
| 22 | 360 One Prime Ltd ** INE248U07GG6 | ICRA AA | LONG | 1.60% |
| 23 | Gabriel India Ltd ** INE524A08016 | CRISIL AA+ | LONG | 1.60% |
| 24 | Muthoot Finance Ltd. ** INE414G07JX2 | CRISIL AA+ | LONG | 1.59% |
| 25 | Indian Bank ** INE562A16QI8 | CRISIL A1+ | LONG | 1.57% |
| 26 | Canara Bank ** INE476A16H01 | CRISIL A1+ | LONG | 1.57% |
| 27 | Interest Rate Swaps- MD -21-Feb-2029 (Pay float/receive fixed)Swap | — | — | 1.54% |
| 28 | Government Securities IN0020250075 | SOV | LONG | 1.48% |
| 29 | Kotak Mahindra Bank Ltd. INE237A01036 | Banks | LONG | 1.47% |
| 30 | State Government of Telangana IN4520250684 | SOV | LONG | 1.40% |
| 31 | HDFC Asset Management Company Ltd. INE127D01025 | Capital Markets | LONG | 1.34% |
| 32 | Swiggy Ltd INE00H001014 | Retailing | LONG | 1.21% |
| 33 | Tata Steel Ltd. INE081A01020 | Ferrous Metals | LONG | 1.17% |
| 34 | Angel One Ltd. INE732I01021 | Capital Markets | LONG | 1.15% |
| 35 | Ultratech Cement Ltd. INE481G01011 | Cement & Cement Products | LONG | 1.12% |
| 36 | Bajaj Finance Ltd. INE296A01032 | Finance | LONG | 1.10% |
| 37 | Infosys Ltd. INE009A01021 | It - Software | LONG | 1.05% |
| 38 | Britannia Industries Ltd. INE216A01030 | Food Products | LONG | 1.02% |
| 39 | Varun Beverages Ltd. INE200M01039 | Beverages | LONG | 0.97% |
| 40 | NABARD ** INE261F08DV4 | CRISIL AAA | LONG | 0.96% |
| 41 | Rural Electrification Corporation Ltd. ** INE020B08EK4 | CRISIL AAA | LONG | 0.96% |
| 42 | Manappuram Finance Ltd. ** INE522D07CK1 | CRISIL AA | LONG | 0.96% |
| 43 | HDFC Life Insurance Company Ltd $$Future | Insurance | LONG | 0.95% |
| 44 | HDFC Bank Ltd.(Put Option) $$Option | Banks | LONG | 0.95% |
| 45 | Omnitech Engineering Ltd. INE0UH301010 | Industrial Manufacturing | LONG | 0.92% |
| 46 | SBI Funds Management Ltd. INE640G01020 | Capital Markets | LONG | 0.91% |
| 47 | Standard Engineering Technology Ltd. INE0M4D01010 | Industrial Manufacturing | LONG | 0.89% |
| 48 | Netweb Technologies India INE0NT901020 | It - Services | LONG | 0.85% |
| 49 | CEAT Ltd. INE482A01020 | Auto Components | LONG | 0.84% |
| 50 | Jindal Saw Ltd. INE324A01032 | Industrial Products | LONG | 0.81% |
| 51 | Shriram Finance Ltd. INE721A01047 | Finance | LONG | 0.80% |
| 52 | 360 One Wam Ltd. INE466L01038 | Capital Markets | LONG | 0.77% |
| 53 | Sona Blw Precision Forgings Ltd. INE073K01018 | Auto Components | LONG | 0.76% |
| 54 | Symbiotec Pharmalab Ltd. INE899I01028 | Pharmaceuticals & Biotechnology | LONG | 0.76% |
| 55 | The Ethos Ltd. INE04TZ01018 | Consumer Durables | LONG | 0.73% |
| 56 | Indo-Mim Ltd. INE084101034 | Industrial Manufacturing | LONG | 0.70% |
| 57 | Rolex Rings Ltd. INE645S01024 | Auto Components | LONG | 0.69% |
| 58 | Red Tape Ltd INE0LXT01019 | Consumer Durables | LONG | 0.68% |
| 59 | Jindal Stainless Ltd. INE220G01021 | Ferrous Metals | LONG | 0.68% |
| 60 | TD Power Systems Ltd. INE419M01035 | Electrical Equipment | LONG | 0.68% |
| 61 | Travel Food Services Ltd INE103V01028 | Leisure Services | LONG | 0.66% |
| 62 | Maharashtra Seamless Ltd. INE271B01025 | Industrial Products | LONG | 0.65% |
| 63 | RR Kabel Ltd. INE777K01022 | Industrial Products | LONG | 0.65% |
| 64 | Rubicon Research Ltd INE506V01022 | Pharmaceuticals & Biotechnology | LONG | 0.60% |
| 65 | Mahindra & Mahindra Ltd.(Put Option) $$Option | Automobiles | LONG | 0.49% |
| 66 | Hindalco Industries Ltd. INE038A01020 | Non - Ferrous Metals | LONG | 0.48% |
| 67 | Apollo Hospitals Enterprise Ltd.(Put Option) $$Option | Healthcare Services | LONG | 0.48% |
| 68 | Hyundai Motor India Ltd.(Put Option) $$Option | Automobiles | LONG | 0.48% |
| 69 | Shriram Finance Ltd. $$Future | Finance | SHORT | -0.46% |
| 70 | Orient Cables (India) Ltd. INE0J1N01028 | Telecommunications Equipment | LONG | 0.45% |
| 71 | Triveni Turbine Ltd. INE152M01016 | Electrical Equipment | LONG | 0.44% |
| 72 | Titan Company Ltd. INE280A01028 | Consumer Durables | LONG | 0.44% |
| 73 | Maruti Suzuki India Ltd.(Call Option) $$Option | Automobiles | SHORT | -0.40% |
| 74 | Avenue Supermarts Ltd.(Call Option) $$Option | Retailing | SHORT | -0.40% |
| 75 | State Government of Haryana IN1620250325 | SOV | LONG | 0.39% |
| 76 | 91 Days Treasury Bills IN002026X248 | SOV | LONG | 0.38% |
| 77 | Pg Electroplast Ltd. INE457L01029 | Consumer Durables | LONG | 0.37% |
| 78 | Samvardhana Motherson International Ltd. INE775A01035 | Auto Components | LONG | 0.37% |
| 79 | 91 Days Treasury Bills IN002026X131 | SOV | LONG | 0.32% |
| 80 | 91 Days Treasury Bills IN002026X180 | SOV | LONG | 0.32% |
| 81 | Godrej Industries Ltd. ** INE233A08204 | CRISIL AA+ | LONG | 0.30% |
| 82 | Godrej Industries Ltd. ** INE233A08212 | CRISIL AA+ | LONG | 0.30% |
| 83 | Net Current Assets | — | — | -0.29% |
| 84 | Cash Margin - Derivatives | — | — | 0.26% |
| 85 | Kusumgar Ltd INE0ISX01025 | Textiles & Apparels | LONG | 0.25% |
| 86 | PB Fintech Ltd. INE417T01026 | Financial Technology (Fintech) | LONG | 0.23% |
| 87 | Larsen & Toubro Ltd. INE018A01030 | Construction | LONG | 0.23% |
| 88 | Larsen & Toubro Ltd.(Call Option) $$Option | Construction | SHORT | -0.21% |
| 89 | 364 Days Treasury Bills IN002025Z328 | SOV | LONG | 0.19% |
| 90 | Virtuoso Optoelectronics Ltd. INE0I0T01010 | Consumer Durables | LONG | 0.16% |
| 91 | 364 Days Treasury Bills IN002025Z286 | SOV | LONG | 0.13% |
| 92 | 364 Days Treasury Bills IN002025Z310 | SOV | LONG | 0.13% |
| 93 | 364 Days Treasury Bills IN002025Z377 | SOV | LONG | 0.13% |
| 94 | 91 Days Treasury Bills IN002026X255 | SOV | LONG | 0.13% |
| 95 | Nifty 50 Index call option $$Option | Index Options | LONG | 0.08% |
| 96 | Nifty 50 Index call option $$Option | Index Options | LONG | 0.05% |
Aggregated from the disclosed cash-equity lines.
Reading this statement. 96 lines as printed by the AMC: 55 cash equity, 13 derivative, 15 debt, 11 money-market, 2 other. Long/Short is the AMC's own flag where the statement carries one, otherwise the sign of the printed quantity or percentage. Futures and options are often printed as exposure outside the 100% net-asset total, so the lines need not add up to 100. How to read derivative positions →
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. Short and written positions are shown as negative exposure. Holdings are historical and change without notice — this is not a recommendation to buy or sell any security.
What the fund house has changed by notice since the offer document was issued, newest first. The offer document may not show these yet; the notice governs. Each line links the notice itself.
| Before | After | |
|---|---|---|
| iSIF Hybrid Long-Short | Manish Banthia, Rajat Chandak, Ayush Shah, Akhil Kakkar | The same four, plus Manali Thakur |
| Before | After | |
|---|---|---|
| Systematic Transfer Plan (STP) | Not offered | Daily (equity-oriented strategies only), weekly, fortnightly and monthly with at least 6 instalments, or quarterly with at least 4; ₹1,000 minimum per instalment |
| Systematic Withdrawal Plan (SWP) | Not offered | Monthly, quarterly, half-yearly or annual, at least 2 instalments; ₹1,000 minimum per instalment |
| Before | After | |
|---|---|---|
| Exit load | 1% if redeemed or switched out within 12 months from allotment; nil after | 1% if redeemed or switched out within 1 month from allotment; nil after |
Applies to: Prospective investments only (from 4 Sep 2026)
| Before | After | |
|---|---|---|
| Risk band — iSIF Hybrid Long-Short (portfolio as on 31 Mar 2026) | Level 2 of 5 | Level 5 of 5 |
| Before | After | |
|---|---|---|
| Risk band — iSIF Hybrid Long-Short (portfolio as on 28 Feb 2026) | Level 5 of 5 | Level 2 of 5 |
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.
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.
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.
With ICICI Prudential AMC since 2008. Also manages or co-manages the firm's Flexicap, Balanced Advantage and Smallcap funds.
B.Tech (IIT Roorkee) and a PGDM in Finance; earlier roles at Kotak Mahindra Bank, SBI Capital Markets and Goldman Sachs.
Named as a designated fund manager of the scheme since its 2026 launch.
Ms. Manali Thakur joined the team from 1 November 2026 (Notice-cum-addendum No. 017/10/2026). Every change is in the SIF changes log.
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.
Plain-English guides, each sourced to SEBI’s rules. They explain how SIFs work; they do not say whether one suits you.
A short note when a new SIF opens for subscription, and MeraSIF Monthly on the first working day of each month. Free.