ICICI Prudential iSIF Equity Ex-Top 100 Long-Short Fund

Описание: The iSIF Equity Ex-Top 100 Long-Short Fund, launched by ICICI Prudential Mutual Fund, is a specialised investment vehicle designed to bridge the gap between traditional mutual funds and high-end services like PMS or AIFs.
Core Investment Strategy

Target Universe: Focuses primarily on companies outside the top 100 listed stocks by market capitalisation (mid- and small-caps).

Long-Short Approach: The fund takes "long" positions in fundamentally strong companies while selectively "shorting" overvalued stocks through derivatives to manage volatility.

Unhedged Exposure: Features a built-in unhedged short book capped at 25%, allowing it to potentially profit even during market downturns.

Key Fund Features

Specialised Framework: Operates under SEBI’s new Specialised Investment Funds (SIF) framework, offering higher portfolio flexibility.

Minimum Investment: Requires a minimum ticket size of ₹10 Lakh, targeting high-net-worth investors.

Benchmark: Tracked against the Nifty 500 TRI.

Expert Management: Led by veteran fund managers Sankaran Naren, Manan Tijoriwala, and Divya Jain.

Tax Advantage: Enjoys a long-term capital gains (LTCG) tax rate of 12.5% after a 12-month holding period.

Who Is It For?
This fund is suitable for sophisticated investors with a high risk tolerance and a long-term horizon who want exposure to volatile mid- and small-cap segments with an added layer of risk management.