HDFC Mutual Fund Launches H-SIF With a Hybrid Long-Short Fund
The NFO of the H-SIF Hybrid Long-Short Fund, HDFC Mutual Fund's first SIF strategy, runs from November 13 to November 27, 2026.
Key Takeaways
- HDFC Mutual Fund has launched its SIF platform, H-SIF.
- The NFO of the H-SIF Hybrid Long-Short Fund runs from November 13 to November 27, 2026.
- The minimum investment is Rs 10 lakh across SIF strategies at the PAN level, or Rs 10,000 for accredited investors, subject to conditions.
- The strategy can take short positions of up to 25% of net assets.
- It is benchmarked to the NIFTY 50 Hybrid Composite Debt 50:50 Index and carries a risk band of Level 2.
Table of Contents 6 sections
HDFC Mutual Fund has entered the Specialised Investment Fund (SIF) segment with its SIF platform, H-SIF. Its first strategy, the H-SIF Hybrid Long-Short Fund, opened for subscription on November 13, 2026, and its new fund offer (NFO) closes on November 27, 2026.
The H-SIF Hybrid Long-Short Fund is an interval investment strategy that invests in equity and debt securities, with limited short exposure through derivatives. The minimum investment is Rs 10 lakh across SIF strategies at the PAN level, while accredited investors can invest Rs 10,000, subject to applicable conditions.
H-SIF Hybrid Long-Short Fund at a glance
| Detail | Value |
|---|---|
| Fund house | HDFC Mutual Fund |
| SIF platform | H-SIF |
| Strategy | H-SIF Hybrid Long-Short Fund |
| Structure | Interval investment strategy |
| NFO opens | November 13, 2026 |
| NFO closes | November 27, 2026 |
| Minimum investment | Rs 10 lakh across SIF strategies at the PAN level |
| Accredited investors | Rs 10,000, subject to applicable conditions |
| Short positions | Up to 25% of net assets |
| Benchmark | NIFTY 50 Hybrid Composite Debt 50:50 Index |
| Risk band | Level 2 |
| Redemptions | Mondays and Wednesdays |
How the H-SIF Hybrid Long-Short Fund plans to invest
HDFC Mutual Fund has positioned the strategy as an "Arbitrage+" strategy. HDFC Mutual Fund said the core portfolio is proposed to be built around debt securities, arbitrage opportunities, and Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). Around this core, the fund can use derivatives for hedging, earning option premiums and taking limited short positions of up to 25% of its net assets.
The fund will also selectively take part in corporate events such as IPOs, buybacks, open offers and mergers. HDFC Mutual Fund said the strategy is designed for flat, mildly rising and volatile markets, with a preferred investment horizon of more than 18 months. Subscriptions are open daily, while redemptions are allowed on Mondays and Wednesdays.
| When | What happened |
|---|---|
| October 2026 | HDFC Mutual Fund filed a draft offer document for the H-SIF Hybrid Long-Short Fund |
| November 13, 2026 | The NFO of the H-SIF Hybrid Long-Short Fund opened |
| November 27, 2026 | The NFO is scheduled to close |
Who will manage the H-SIF Hybrid Long-Short Fund
The strategy will be managed by Paul S Parampreet and Ihab Dalwai for equity, Anil Bamboli for debt and Gopal Agrawal for overseas investments. Navneet Munot, Managing Director and Chief Executive Officer of HDFC Asset Management Company, said SIFs can give investors access to sophisticated strategies within a transparent and regulated framework.
Paul S Parampreet on not relying on one source of return
"Our focus is on building a portfolio that does not rely on a single source of return."
"While the core exposure is meant to anchor the portfolio, derivatives would allow us to manage risk actively and endeavour to benefit when volatility is elevated."
Where HDFC Mutual Fund's SIF offer stands now
The H-SIF Hybrid Long-Short Fund is the first strategy on HDFC Mutual Fund's H-SIF platform. Its NFO is open from November 13 to November 27, 2026, with a minimum investment of Rs 10 lakh across SIF strategies at the PAN level. The strategy carries a risk band of Level 2 and is benchmarked to the NIFTY 50 Hybrid Composite Debt 50:50 Index.
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Frequently Asked Questions
What is H-SIF?
What is the H-SIF Hybrid Long-Short Fund?
When does the NFO of HDFC Mutual Fund's H-SIF Hybrid Long-Short Fund open and close?
How much is the minimum investment in HDFC Mutual Fund's H-SIF Hybrid Long-Short Fund?
How much can accredited investors invest in the HDFC Mutual Fund strategy?
How much short exposure can the HDFC Mutual Fund strategy take?
How does HDFC Mutual Fund describe the H-SIF Hybrid Long-Short Fund?
What is the benchmark of HDFC Mutual Fund's H-SIF Hybrid Long-Short Fund?
Who manages HDFC Mutual Fund's H-SIF Hybrid Long-Short Fund?
What is the risk band of the HDFC Mutual Fund strategy?
When can investors redeem units of HDFC Mutual Fund's H-SIF Hybrid Long-Short Fund?
What investment horizon has HDFC Mutual Fund stated for the strategy?
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