Equity Long-Short SEBI-regulated SIF · ₹10L minimum Regular-Growth plan tracked Rank #8 since inception

iSIF Equity Long-Short Fund

Managed by ICICI Prudential Mutual Fund

Open-ended equity long-short strategy — predominantly listed equities across market caps with up to 25% unhedged short exposure via derivatives, plus flexibility for InvITs and debt for diversification and stability.

Allotted05 June 2026
Age~4 mo old
PlanRegular-Growth plan
NAV
₹10.71
As of 25 Sep 2026
3M return
+4.69%
Absolute
6M return
-
Absolute
Since inception
+7.10%
Absolute, since allotment
AUM
₹599 Cr
Whole scheme
Risk band
Level 5
As declared

Risk profile

SEBI risk band for this strategy.

Risk band
Level 5 of 5

As per SEBI Riskometer / product risk band. Read the SID and speak with an advisor if you are unsure about suitability.

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Level 5
Low riskHigh risk

Key facts

Scheme essentials from product documents. Always verify against the latest SID and factsheet.

Inception
05 June 2026
Lock-in
None
Min. SIP
Daily ₹5,000 · Weekly/Monthly ₹10,000 · Quarterly ₹20,000 (subject to ₹10L aggregate)
Risk band
Level 5
Subscription
Daily (business days)
Redemption
Daily (business days)
Exit load
1% if redeemed/switched out within 12 months from allotment; Nil thereafter
Fund managers
Mittul Kalawadia, Nitya Mishra, Sri Sharma
Benchmark
Nifty 500 TRI

Investment objective

What the strategy aims to achieve.

To generate capital appreciation in long term by predominantly investing in listed equity and equity related instruments. The Investment Strategy may also invest in various derivative instruments, including limited short exposure through unhedged derivative positions in equity up to 25%. There is no assurance that the investment objective of the Investment strategy will be achieved.

How the fund thinks

The investment lenses working together.

The Equity Mind

80–100% listed equities across market caps, sectors and styles via bottom-up selection

The Short Mind

Up to 25% unhedged shorts through derivatives to profit in falling markets and cut drawdowns

The Diversifier Mind

0–20% InvITs + 0–20% debt/money-market for stability, carry and capital efficiency

Indicative asset allocation

Ranges from the fund presentation. Refer to the ISID for standard allocations.

Equity long

80 – 100%

Multi-cap, 650+ universe

Unhedged short

0 – 25%

Derivatives overlay

InvITs / Debt

0 – 20% each

Diversification & carry

Allocation ranges (upper end of band)
Equity & equity-related instruments (incl. unhedged short)
80–100%
Debt & money market instruments / Debt MFs
0–20%
Units of InvITs
0–20%
Unhedged short exposure (derivatives)
0–25%

Bars show the upper end of each indicative range. Actual weights move with markets.

InstrumentsRisk profileRange
Equity & equity-related instruments (incl. unhedged short) High 80–100%
Debt & money market instruments / Debt MFs Low–Moderate 0–20%
Units of InvITs Moderate 0–20%
Unhedged short exposure (derivatives) High 0–25%

What sets this fund apart

Points that distinguish this strategy.

  • Flexi equity long-short with full market-cap spectrum and up to 25% short flexibility
  • ICICI Prudential research depth — 65+ fund managers & analysts covering 655+ companies
  • Proprietary allocation model + fund-manager overlay for dynamic equity/derivative mix
  • Daily open-ended structure; short 1-month exit-load window
  • LTCG tax at 12.5% after 12-month holding

Official documents

SID is the legal scheme document. Factsheet and product pages are AMC overviews.

Educational information only - not an offer to buy or sell. Investment in SIFs involves market risks. Past performance is not indicative of future results. Read the SID and related documents before investing.

SEBI Registration No: NSE Cash: INB231219636 | SEBI Registration No: NSE Derivative: INF231219636 | SEBI Registration No: BSE Cash: INB011219632 | SEBI Registration No: MCX-SX: INE261219636 | SEBI Registration No: NSE Currency: INE231219636 | SEBI Registration No: USE: INE271219631 | SEBI Registration No: CDSL: IN-DP-CDSL-3242005 | NCDEX Membership No: 00635 | MCX Membership No: 28850 | NSEL Membership No: 10650 | RBI Registration No: NBFC: N-14.03215 | IRDA Registration Number : CB-066/03 | AMFI Registration No : ARN -0032| SEBI Registration No: Merchant Banker: INM000007508

* Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.