Prism Hybrid Long-Short Fund
Hybrid Long-Short · Jio BlackRock · Full fund page, with SEBI-format performance
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.
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, at applicable NAV |
| Redemptions | Twice a week — Monday and Wednesday (next business day's NAV if a non-business day); AMC may set a lesser frequency |
| Notice period | None stated; the AMC may implement one (max 15 working days) |
| Cut-off and payout | 3.00 pm — requests after Wednesday 3.00 pm up to Monday 3.00 pm get Monday's NAV; after Monday 3.00 pm up to Wednesday 3.00 pm get Wednesday's NAV · Within 3 business days of the redemption request |
| Exit load | Nil |
| Listed on an exchange | NSE |
| Expense ratio (Regular) | 1.38% base · 2.93% totalTotal adds brokerage, transaction costs and levies · AMFI · Regular plan · 5 Nov 2026 |
| Risk band (AMC-declared) | Level 2 of 5, as on 30 October 2026; reviewed monthly |
| Benchmark | NIFTY 50 Hybrid Composite Debt 50:50 Index; shown on the KIM cover as "Nifty 50 Hybrid Composite Debt 50:50 Index (TRI)" |
| Asset allocation | Equity and equity-related instruments 35%-75% of total assets; 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% |
| Unhedged short cap | 0%-25% of total assets via unhedged derivative positions in equity and debt instruments. The KIM states "Naked Derivatives (shorts) for non hedging purpose shall be upto 25% of the net assets of the Investment Strategy", and elsewhere that the strategy "shall also have maximum 25% unhedged short exposure in permissible exchange traded derivative instruments" |
| Plans & options | Two plans: Regular Plan and Direct Plan, sharing a common portfolio. Each plan offers only the Growth Option, which is the default option. The KIM states the strategy "is currently not offering IDCW option", though it may be introduced later, and that the AMC may introduce further plans and options subject to regulations |
| Date of allotment | 17 July 2026, per NSE circular NSE/NMFTM/74887 dated 25 June 2026, which lists 17.07.2026 as the allotment date for both Prism ISINs (INF22M030027 Direct Growth, INF22M030019 Regular Growth). The KIM states the strategy re-opens within five business days of the allotment date. Note: aggregator INDmoney reports an inception date of 20 July 2026 |
| Fund managers | Arun R., Tanvi Kacheria, Siddharth Deb, Virendra Kumar, Manish Kalani |
Redemption terms from our liquidity record, checked 3 November 2026; sources: AMFI portal — Investment Strategy Information Document (S-27); AMFI portal — Investment Strategy Summary Document (SSD_S-27); undated, date is PDF metadata; Jio BlackRock MF — Prism SIF notice-cum-addendums FY 2026-27, Nos. 01–08 (checked 3 Nov 2026; no liquidity changes); Jio BlackRock MF — Prism SIF 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
- Jio BlackRock MF (Prism SIF) — Key Information Memorandum, Prism Hybrid Long-Short Fund, dated 15 May 2026
- AMFI — Investment Strategy Information Document (S-27)
- 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