iSIF Hybrid Long-Short
Hybrid Long-Short · ICICI Prudential · Full fund page, with SEBI-format performance
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.
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 | Interval |
| Subscriptions | Daily |
| Redemptions | Twice a week — Monday and Wednesday (next business day if Monday/Wednesday is a non-business day) |
| Notice period | None stated; ISID says that if required the notice period will not exceed 15 working days |
| Cut-off and payout | Within 3 business days of the date the redemption is processed |
| 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 | NSE and BSE |
| Expense ratio (Regular) | 1.78% base · 2.45% 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 |
| 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 |
| Tax treatment | Equity-oriented 12.5% LTCG >12m, 20% STCG |
| Fund managers | Manish Banthia, Rajat Chandak, Akhil Kakkar, Ayush Shah, Manali Thakur |
Redemption terms from our liquidity record, checked 3 November 2026; sources: AMFI portal — Investment Strategy Information Document (S-9); AMFI portal — Investment Strategy Summary Document (SSD_S-9); 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
- AMFI — Investment Strategy Information Document (S-9)
- ICICI Prudential (iSIF) — Key Information Memorandum (KIM) — headed “Draft” on ICICI’s own copy
- How a Hybrid 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