HDFC Mutual Fund just rolled out its first Specialized Investment Fund, the H-SIF Hybrid Long-Short Fund, aimed at investors who want more ways to handle market ups and downs.
Open for subscriptions from November 13 to 27, the fund mixes debt securities, arbitrage opportunities, and REITs/InvITs, while keeping risk in check by capping short positions through derivatives at 25% of net assets.
H-SIF fund minimum 10L, 0.5% fee
This fund looks to earn returns from different sources like interest income, option premiums, and events such as IPOs or mergers.
The minimum investment is ₹10 lakh. You can invest any day and redeem units on Mondays or Wednesdays, though there's a small 0.5% fee if you pull out within 90 days.
HDFC AMC's Managing Director and CEO Navneet Munot says the platform would leverage investment discipline, research capabilities and risk management framework.