Invests across equity and debt within SEBI-defined bands, using derivatives both to hedge and to take short positions. Unhedged short exposure is capped at 25% of net assets. The most common SIF flavour, usually positioned as a balanced-advantage alternative.
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.
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Prism Hybrid Long-Short Fund is Jio BlackRock Mutual Fund's first SIF strategy under its Prism SIF brand — an interval hybrid long-short strategy with no exit load and redemption only on Mondays and Wednesdays, whose NFO ran 29 June to 13 July 2026 with units allotted on 17 July 2026.
The investment objective, verbatim from the KIM. "The Investment Strategy aims to achieve long term capital appreciation along with income generation by investing across a diversified mix of equity and equity related instruments, debt and money market instruments, derivative based strategies. There is no assurance that the investment objective of the Investment strategy will be achieved." The strategy is typed as "An interval investment strategy investing in equity and debt securities, including limited short exposure in equity and debt through derivatives", with SEBI investment-strategy code PRSM/I/H/HLSF/26/04/0001/JBMF. (Source: Prism SIF KIM dated 15 May 2026.)
Asset-allocation bands from the KIM. Indicative allocations as a percentage of total assets: equity and equity-related instruments 35%-75%; debt and money market instruments 25%-65%; short exposure through unhedged derivative positions in equity and debt instruments 0%-25%; units of InvITs 0%-20%. The KIM adds that equity derivatives may run to 100% of the equity portfolio and debt derivatives to 100% of the debt portfolio, but "Naked Derivatives (shorts) for non hedging purpose shall be upto 25% of the net assets of the Investment Strategy". Cumulative gross exposure must not exceed 100% of net assets. (Source: Prism SIF KIM dated 15 May 2026.)
The approach leans on BlackRock's systematic infrastructure. The KIM describes a systematic investment approach that "integrates the expertise of the Fund Managers with advanced signal research scores provided by entities of BlackRock group", derived using big data including traditional and alternative data and leveraging machine learning and advanced data analytics, with portfolio construction "powered by BlackRock's technology platform - Aladdin, which has been licensed to JioBlackRock AMC". A collar strategy is described as systematically generating income using long underlying stock or futures, call writing, and downside protection via put options. The KIM lists 29 indicative derivative strategies including covered call, protective put, collar, merger arbitrage, equity arbitrage and market neutral. (Source: Prism SIF KIM dated 15 May 2026.)
Interval mechanics: daily in, twice-weekly out. Investors can subscribe on a daily basis at applicable NAV. For redemptions including switch-outs, valid applications received after Wednesday 3.00 pm until Monday 3.00 pm are processed at Monday NAV, and those received after Monday 3.00 pm until Wednesday 3.00 pm at Wednesday NAV; if Monday or Wednesday is a non-business day, the next business day's NAV applies. Redemption proceeds are transferred within 3 business days of the redemption request, with the AMC liable for 15% per annum interest on delays beyond that. (Source: Prism SIF KIM dated 15 May 2026.)
Minimum-investment mechanics are tiered against the PAN-level threshold. If an investor already meets the Rs. 10 lakh PAN-level Minimum Investment Threshold across all Prism SIF strategies, the minimum lump-sum application, minimum switch-in and minimum SIP are each Rs. 10,000 and any amount thereafter, with additional purchases also Rs. 10,000 and any amount thereafter, and no minimum redemption criterion. If the investor does not yet meet the threshold, the minimum lump-sum application is an amount sufficient to meet the threshold or Rs. 10,000, whichever is higher. (Source: Prism SIF KIM dated 15 May 2026.)
Sources: Jio BlackRock MF (Prism SIF) — Key Information Memorandum, Prism Hybrid Long-Short Fund, dated 15 May 2026 · Jio BlackRock MF — Prism SIF website · NSE — Circular NSE/NMFTM/74887, launch of Prism Hybrid-Long Short Fund NFO (allotment date, ISINs). Scheme facts are as disclosed by the AMC at the time of writing; fund managers, load structures and allocation bands can change — always read the current SID/KIM before investing.
Everything on this page traces back to a document Jio BlackRock published. Here they are, so you can read the primary source yourself rather than take our word for it.
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.
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“—” 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.
Invests across equity and debt within SEBI-defined bands, using derivatives both to hedge and to take short positions. Unhedged short exposure is capped at 25% of net assets. The most common SIF flavour, usually positioned as a balanced-advantage alternative.
Every Specialized Investment Fund sits between mutual funds and PMS: a ₹10 lakh minimum (aggregated per PAN per AMC), SEBI's Chapter VI-C framework, and mutual-fund-grade taxation — equity-oriented strategies attract 12.5% LTCG after 12 months. Learn the mechanics on our What is a SIF page, or read the August 2026 Coverage Report.
SIFs carry a ₹10 lakh minimum and real derivative risk. Talk to a Trustner relationship manager — 20 minutes, no fee, no obligation. We are an AMFI-registered distributor (ARN-286886); we do not provide personalised investment advice.
The people named as designated fund managers in the scheme's official disclosures. Fund managers can change over the life of a scheme — verify against the current KIM before investing.