The new fund offer opens on June 29 and closes on July 13.
Structured as an interval investment strategy, the fund will allow redemptions twice a week and is aimed at investors seeking diversified exposure with relatively lower portfolio volatility compared to conventional equity-focused strategies.
The launch comes amid growing investor interest in strategies designed to navigate volatile and uneven market conditions. Indian equity markets have witnessed sharper swings and wider performance dispersion across sectors and stocks in recent years, prompting demand for investment approaches that seek to manage downside risks while identifying opportunities across asset classes.
Long-short investing, commonly used in institutional and alternative investment strategies globally, typically combines long positions in selected assets with limited short exposure through derivatives. The approach seeks to generate returns not only from broad market movements but also from relative pricing opportunities, tactical positioning and security selection.
The Prism Hybrid Long-Short Fund plans to invest across equities, debt instruments, derivatives and differentiated opportunity segments including merger arbitrage, REITs, InvITs and special situations.
The strategy is being launched under SEBI’s Specialised Investment Fund framework, which allows more sophisticated investment structures within a regulated environment.
Experts view SIFs as a middle ground between traditional mutual funds and alternative investment products, offering investors access to more flexible portfolio strategies.
The minimum investment amount for the strategy has been set at ₹10 lakh, in line with SIF regulations.
According to the fund house, the investment process will use systematic models, quantitative research and risk-management tools to actively manage market exposure and portfolio volatility.
Jio Financial Services Limited and BlackRock operate the asset management venture through a 50:50 partnership combining domestic distribution capabilities with global investment and technology expertise.
The fund will be benchmarked against the NIFTY 50 Hybrid Composite Debt 50:50 Index.
