Both offerings adopt a long-short investment approach, allowing the funds to take long positions in selected securities while hedging or shorting overvalued stocks or securities, with the aim of managing volatility and delivering risk-adjusted returns. The funds use derivatives, active asset allocation, and bottom-up stock selection as part of their strategy.
The iSIF Equity Ex-Top 100 Long-Short Fund primarily invests in mid- and small-cap stocks, excluding the top 100 companies identified by AMFI, and selectively shorts overvalued stocks to reduce downside risk. Its benchmark is the Nifty 500 TRI.
The iSIF Hybrid Long-Short Fund follows an interval strategy combining equity and debt securities, including limited short exposure through derivatives. It also participates in capital market opportunities such as IPOs, buybacks, and tactical debt investments. The fund’s benchmark is the CRISIL Hybrid 50+50 Moderate Index.
Both offerings are structured under SEBI’s SIF framework, which positions these funds between traditional mutual funds and PMS/AIF products. SIFs aim to provide investors access to advanced strategies in a regulated and transparent environment, with a minimum investment threshold of ₹10 lakh per investor per fund.
Sankaran Naren, ED & CIO, ICICI Prudential AMC, said the iSIF segment aims to offer differentiated investment strategies designed to adapt to evolving market conditions and deliver better risk-adjusted outcomes.
Investors are advised to review the respective Investment Strategy Information Documents (ISID) for details on asset allocation, investment approach, and associated risks.
