iSIF Equity Long-Short
Equity Long-Short · ICICI Prudential · Full fund page, with SEBI-format performance
Holds at least 80% in equity and equity-related instruments, with unhedged short exposure of up to 25% of net assets taken through derivatives — an all-cap approach with a derivative overlay.
Key terms
| Minimum investment | ₹10 lakh across all strategies of this SIF, at PAN level (accredited investors exempt; the fund house sets their minimum). Mutual fund holdings do not count. |
|---|---|
| Structure | Open-ended |
| Subscriptions | Daily |
| Redemptions | Daily |
| Notice period | None (ISID: not applicable; any future notice period capped at 15 working days) |
| Cut-off and payout | 3.00 pm · Within 3 business days of the redemption request |
| Exit load | 1% of applicable NAV if redeemed or switched out within 1 month from allotment; nil after 1 month (for investments made on or after 4 Sep 2026, Notice-cum-addendum 001/09/2026 dated 1 Sep 2026). Investments made before 4 Sep 2026: 1% within 12 months; nil after. |
| Listed on an exchange | Not listed |
| Expense ratio (Regular) | 1.93% base · 3.37% totalTotal adds brokerage, transaction costs and levies · AMFI · Regular plan · 3 Nov 2026 |
| Risk band (AMC-declared) | Level 5 of 5, as on 30 October 2026; reviewed monthly |
| Benchmark | Nifty 500 TRI (Tier 1; Tier 2: Not Applicable). The ISID reasons: "The investment strategy shall invest minimum 80% in listed stocks. Since Nifty 500 Index provides for mix of large, mid and small cap stocks it serves as a relevant benchmark for this type of strategies." |
| Asset allocation | Equity and Equity related instruments (including up to 25% in unhedged short exposure through derivative instruments) 80%-100% of total assets; Debt & Money Market instruments and Units of Debt Oriented Mutual Funds 0%-20%; Units of Infrastructure Investments Trusts 0%-20%. Derivatives exposure up to 100% of net assets; up to 35% of net assets in overseas securities |
| Unhedged short cap | Unhedged short position up to 25% of net assets. The ISID exposure table caps "Short exposure through Derivatives for non-hedging and other than for portfolio rebalancing purposes" at "Up to 25% Net Assets" (Paragraph 21.6 of the Master Circular); the 25% limit is also written into the investment objective |
| Plans & options | iSIF Equity Long-Short Fund - Regular Plan and iSIF Equity Long-Short Fund - Direct Plan. Option under each plan: Growth only (default option: Growth). The IDCW option has been disabled for this investment strategy, with the Trustees reserving the right to enable it later |
| Date of allotment | 5 June 2026. NFO opened 19 May 2026 and closed 2 June 2026; the investment strategy re-opened for continuous sale and repurchase on 10 June 2026 |
| Fund managers | Mittul Kalawadia, Nitya Mishra, Sri Sharma |
Redemption terms from our liquidity record, checked 3 November 2026; sources: AMFI portal — Investment Strategy Information Document (S-24); AMFI portal — Investment Strategy Summary Document (SSD_S-24); undated, date is PDF metadata; ICICI Prudential AMC (iSIF) — Notice-cum-addendum No. 001/09/2026, change in exit load of all four iSIF strategies, effective 4 Sep 2026 (prospective investments only); iSIF — Notices and Addendums page, Jan–Oct 2026 entries (checked 3 Nov 2026); ICICI Prudential MF — iSIF factsheet, September 2026. Other rows as stated on the fund page, which cites the fund house’s documents. Fund houses change terms by notice-cum-addendum; the latest offer documents govern.
Read before investing
- ICICI Prudential (iSIF) - Investment Strategy Information Document (ISID), dated 7 May 2026
- ICICI Prudential (iSIF) - Key Information Memorandum (KIM), dated 7 May 2026
- How a Equity Long-Short strategy works, from SEBI’s rules
What your distributor should explain
SEBI asks a distributor to explain, in clear language, before an investment (SEBI FAQs for distributors, C10):
- the relatively higher-risk nature of the product;
- the ₹10 lakh PAN-level threshold and what happens on an active or a passive breach;
- the strategy’s objective, asset allocation, derivatives exposure, risk band and scenario analysis;
- the subscription and redemption frequency, notice period, liquidity-management tools, fees, expenses and exit load, if any.
Investments in Specialized Investment Fund involves relatively higher risk including potential loss of capital, liquidity risk and market volatility. Please read all investment strategy related documents carefully before making the investment decision.
This note gives facts from public documents; it is not a recommendation and does not say whether the strategy suits you. It shows no performance: see the fund page for figures in SEBI’s format. Trustner Asset Services Pvt. Ltd. (CIN U66301AS2023PTC025505) is an AMFI-registered Mutual Fund & SIF Distributor, ARN-286886, offers the Regular plan and receives commission from the fund house. merasif.com