Key Takeaways
- • HDFC Mutual Fund has entered the Specialised Investment Fund (SIF) space with the launch of the H-SIF Hybrid Long-Short Fund, according to a company press release.
- • The new fund offer opened on November 13 and closes on November 27, 2026.
- • The fund follows an Arbitrage+ strategy, investing primarily in debt securities, arbitrage opportunities and REITs/InvITs, with short positions of up to 25% of net assets.
- • Returns are targeted through interest income, arbitrage spreads, option premiums and selective event-driven investments in IPOs, buybacks, open offers and mergers rather than relying solely on market direction.
- • The strategy is managed by Paul S Parampreet and Ihab Dalwai (equity), Anil Bamboli (debt) and Gopal Agrawal (overseas investments).
Summary
HDFC Mutual Fund has entered the Specialised Investment Fund (SIF) category with the launch of the H-SIF Hybrid Long-Short Fund, the fund house said in a press release. The new fund offer (NFO) opened on November 13 and will close on November 27, 2026.
The fund will follow an Arbitrage+ strategy. It will invest primarily in debt securities, arbitrage opportunities and REITs/InvITs, and will use derivatives to hedge risks and earn option premiums. The fund may take limited short positions of up to 25% of net assets. The strategy will also look for additional opportunities in corporate events such as IPOs, buybacks, open offers and mergers. According to the fund house, returns are intended to come from interest income, arbitrage spreads, option premiums and selective investments rather than depending entirely on market movements.
Navneet Munot, MD and CEO of HDFC Mutual Fund, said that SIFs can provide investors access to sophisticated strategies within a transparent and well-regulated framework. He described H-SIF as the fund house's Specialised Investment Fund platform, backed by an emphasis on risk management and a team with experience across equities, derivatives and fixed income.
Paul S Parampreet, Fund Manager, Equities, said periods of volatility can make investors hesitant but can also create opportunities for a strategy designed to use them. He added that the fund aims to build a portfolio that does not rely on a single source of return while actively managing risk in volatile conditions.
The strategy will be managed by Paul S Parampreet and Ihab Dalwai for equity, Anil Bamboli for debt and Gopal Agrawal for overseas investments.
The fund will follow an Arbitrage+ strategy. It will invest primarily in debt securities, arbitrage opportunities and REITs/InvITs, and will use derivatives to hedge risks and earn option premiums. The fund may take limited short positions of up to 25% of net assets. The strategy will also look for additional opportunities in corporate events such as IPOs, buybacks, open offers and mergers. According to the fund house, returns are intended to come from interest income, arbitrage spreads, option premiums and selective investments rather than depending entirely on market movements.
Navneet Munot, MD and CEO of HDFC Mutual Fund, said that SIFs can provide investors access to sophisticated strategies within a transparent and well-regulated framework. He described H-SIF as the fund house's Specialised Investment Fund platform, backed by an emphasis on risk management and a team with experience across equities, derivatives and fixed income.
Paul S Parampreet, Fund Manager, Equities, said periods of volatility can make investors hesitant but can also create opportunities for a strategy designed to use them. He added that the fund aims to build a portfolio that does not rely on a single source of return while actively managing risk in volatile conditions.
The strategy will be managed by Paul S Parampreet and Ihab Dalwai for equity, Anil Bamboli for debt and Gopal Agrawal for overseas investments.
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