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ICICI Prudential Bets on Unique Long-Short Strategy
18 Dec
Summary
- Two specialized investment funds (SIFs) were filed by ICICI Prudential.
- Funds utilize a long-short strategy with derivatives.
- Investment objective is long-term capital appreciation.
ICICI Prudential Mutual Fund has submitted draft documents to SEBI for two specialized investment funds (SIFs). These include the iSIF Equity Ex-Top 100 Long-Short Fund and the iSIF Hybrid Long-Short Fund. Both aim to achieve long-term capital appreciation through distinct investment strategies.
The iSIF Equity Ex-Top 100 Long-Short Fund is an open-ended strategy focusing on equity and equity-related instruments, including a limited short exposure via derivatives on Ex-Top 100 stocks. It will allocate 65-100% to equity, with potential for short positions up to 25% and investments in debt and real estate instruments.
Complementing this, the iSIF Hybrid Long-Short Fund is an interval strategy investing predominantly in equity and debt securities, also incorporating derivative strategies for both asset classes. It will maintain a significant allocation to equity (65-75%) and debt (25-35%), with opportunities for short exposure in both through derivatives.
