SIF

iSIF Equity Ex Top 100 Long-Short Fund

BY ICICI PRUDENTIAL MUTUAL FUND

Equity ex-top 100
Long-Short

An open-ended equity investment strategy that applies disciplined bottom-up stock selection to identify mid and small-cap companies (Ex-Top 100) with structural growth potential, combining long positions in quality names with tactical short positions, covered call strategies, and hedging instruments (max 25% unhedged short exposure) to manage portfolio volatility.

Min. investment₹10L

Accredited investors can invest in this SIF starting ₹1 lakh. Know more

Risk
Highest Risk
Inception date16-Jan-26

Investment Approach

A dynamic hybrid strategy that combines multiple asset classes with active risk management:

Fundamental-Driven Mid & Small-Cap Identification

Fundamental-Driven Mid & Small-Cap Identification

Identifies quality SMID stocks with strong market position, fortress balance sheets, competitive advantages, earnings visibility, and reasonable valuations through rigorous bottom-up analysis.

Tactical Asset Allocation Across Market Conditions

Tactical Asset Allocation Across Market Conditions

Multi-Strategy Derivatives: Long, Short, Hedging, Income & Arbitrage

Multi-Strategy Derivatives: Long, Short, Hedging, Income & Arbitrage

Diversified Return Drivers: Debt, REITs/InVITs, and Carry Strategies

Diversified Return Drivers: Debt, REITs/InVITs, and Carry Strategies

Why Invest in This SIF

Market Agnostic Returns Across All Phases

Market Agnostic Returns Across All Phases

Generates returns in bull markets (long SMID appreciation), bear markets (short positions & hedges), and sideways markets (covered calls & arbitrage) independent of market direction.

Volatility Reduction Through Hedging & Diversification

Volatility Reduction Through Hedging & Diversification

Mitigates SMID inherent volatility through protective hedges, short positioning (max 25%), debt allocation, income generation, and tactical rebalancing to deliver smoother returns.

Sophisticated Derivative Execution & Proprietary Research

Sophisticated Derivative Execution & Proprietary Research

Leverages 70+ analysts covering 551 SMIDs, institutional-grade derivative strategies, and proprietary alpha frameworks inaccessible to retail investors.

Regulated Long-Short Platform with Mutual Fund Benefits

SIF framework enables ₹10 lakh access to advanced long-short strategies with daily liquidity, 12.5% LTCG tax efficiency, and 2.25% expense cap—bridging mutual funds and expensive AIFs.

Fund Managers

Sankaran Naren

Mr. Naren is a B.Tech from IIT Chennai and MBA (Finance)from IIM Kolkata.

Divya Jain

CA, CFA level-1 and B.Com

Manan Tijoriwala

Chartered Accountant, Chartered Financial Analyst (CFA - all three levels) and Postgraduate Programme in Management (PGP) from the Indian School of Business.

Frequently Asked Questions (FAQs)

SIFs and Mutual Funds are different types of funds offered by the same AMCs. They have several similarities such as being SEBI-regulated, a similar investing experience with digital onboarding, online transactions, being SIP-enabled, and similar taxation.