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HDFC Mutual Fund launches H-SIF hybrid long-short fund
Nov-13-2026

HDFC Mutual Fund, managed by HDFC Asset Management Company (HDFC AMC), has entered into the Specialized Investment Fund (SIF) space with the launch of H-SIF, its SIF platform. Its first investment strategy, the H-SIF Hybrid Long-Short Fund, is an interval investment strategy investing in equity and debt securities, including limited short exposure in equity and debt through derivatives. The New Fund Offer (NFO) will open on November 13, 2026, and close on November 27, 2026. HDFC AMC acts as the investment manager to HDFC Mutual Fund, one of India’s leading mutual funds.

The H-SIF Hybrid Long-Short Fund, positioned as an Arbitrage+ strategy. It is proposed to be built around a stable core of high degree of safety debt papers, arbitrage and REITs/InvITs, which aims to provide a relatively steady return profile. Around this core, the fund proposes to use derivative strategies primarily to manage risk, such as hedging positions, earning option premiums and taking limited short positions of up to 25% of net assets. Selective participation in corporate events such as IPOs, buybacks, open offers and mergers provides further opportunities for returns. Rather than relying on the direction of the market, the approach seeks to generate returns from interest income, arbitrage spreads, option premiums and tactical allocation to special situations. The strategy is suited to flat, mildly rising and volatile markets, with a preferred investment horizon of more than 18 months.

The minimum investment in the strategy is Rs 10 lakh across SIF strategies at the PAN level, while accredited investors can invest a minimum of Rs 10,000, subject to applicable conditions. Subscriptions will be available daily and redemptions twice a week, on Mondays and Wednesdays. An exit load of 0.5% will apply to units redeemed or switched out within 90 days of allotment, with no exit load thereafter.

HDFC Asset Management Company (HDFC AMC) offers a wide range of mutual funds, delivered through both active and passive strategies across asset classes, including equity, fixed income, hybrid and multiasset solutions.

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