ICICI Prudential Mutual Fund Filed Draft for iSIF Active Asset Allocator Long-Short Fund with SEBI

ICICI Prudential Mutual Fund has introduced a new interval scheme under its Specialized Investment Fund (SIF) platform, named the iSIF Active Asset Allocator Long-Short Fund.  

This scheme has been filed as a draft with the Securities and Exchange Board of India (SEBI) on March 23, 2026, aiming to provide investors with a dynamic asset allocation strategy. 

Dynamic Asset Allocation Strategy 

The iSIF Active Asset Allocator Long-Short Fund is designed as an open-ended growth-oriented strategy.  

It dynamically allocates investments across various asset classes, including equity (35-80%), debt/money market instruments (10-55%), REITs/InVITs (up to 20%), and exchange-traded commodity derivatives.  

The fund also includes up to 25% unhedged short exposure via derivatives for hedging and alpha generation.  

The benchmark for this fund is a composite of 50% Nifty 500 TRI, 40% Nifty Composite Debt Index, 7% Domestic Gold Price, and 3% Domestic Silver Price. 

Liquidity and Investment Terms 

The fund offers daily subscriptions at NAV, with a minimum initial investment of ₹10,00,000 and additional investments starting at ₹10,000.  

These requirements are waived for accredited or existing SIF investors.  

Redemptions are available twice weekly, on Monday and Wednesday, or the next business day, with proceeds provided within 3 business days.  

An exit load of 1% applies if investments are withdrawn within 12 months. 

Fee Structure and Plans 

The fund offers both Regular and Direct Plans, with a growth option only. The maximum Total Expense Ratio (TER) is capped at 2% for the first ₹500 crore.  

New investors with less than ₹10,00,000 aggregate investment are not eligible for SIPs, although existing investors qualify at lower amounts.  

The New Fund Offer (NFO) units are priced at ₹10 face value. 

Management Team 

The fund is managed by a team of experienced professionals, including Naren Sankaran (CIO), Ihab Dalwai (equity), Sharmila D’silva, Manish Banthia (CIO-Fixed Income), Akhil Kakkar, and Gaurav Chikane (commodities).  

It is tailored for long-term investors who are comfortable with derivatives risk and interval liquidity. 

Read More: Several Equity Mutual Funds Surpass ₹70,000 Crore AUM, with Top Schemes Crossing ₹1 Lakh Crore! 

Conclusion 

The iSIF Active Asset Allocator Long-Short Fund offers a comprehensive investment approach, balancing equity, debt, and commodities. With its dynamic allocation strategy and experienced management team, it aims to cater to investors seeking diversified exposure and potential alpha generation. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.