RedHex SIF · SIF · SIF-128
RedHex Hybrid Long-Short Fund - Regular - Growth
Hybrid · Hybrid Long-Short Fund · Interval Fund · Regular Growth
ISIN (Payout): INF336L30015
Strategy facts
- Declared benchmark
- NIFTY 50 Hybrid Composite Debt 50:50 Index
- Fund managers
- Shriram Ramanathan, Praveen Ayathan, Venugopal Manghat, Mayank Chaturvedi
- Launched
- 02 Jun 2026
- Minimum investment
- ₹10 lakh
- Risk level (1 low, 5 high)
- Level 2
- Expense ratio, as filed with AMFI
- Regular 1.09, Direct 0.45
Houses fill this field differently. It may be the base expense ratio only, before GST, brokerage and transaction costs.
- Custodian
- HDFC Bank Limited
- SEBI code
- RHEX/I/H/HLSF/26/04/0001/HSBC
- Exit load
- i. If the Units are redeemed / switched-out on or before 1 year from the date of allotment: 2.00% ii. If the Units are redeemed / switched-out after 1 year from the date of allotment: Nil
Investment objective
The investment objective of the Investment Strategy is to generate regular returns and capital appreciation by investing in fixed income securities and equity and equity related securities including limited short exposure in equity and debt through derivatives. There is no assurance that the investment objective of the Investment Strategy will be achieved.
From AMFI's strategy details and the house's Scheme Summary Document, checked 16 Oct 2026. Strategy document (PDF) Summary document (PDF)
Returns (as of 2026-10-22)
1 Month
-0.25%
3 Months
+1.25%
6 Months
—
Since Inception
+1.82%
from 2026-06-25
CAGR (Inception)
—
< 1 yr history
Risk Indicators
Max Drawdown
-0.31%
Worst peak‑to‑trough fall since inception
Annualised Volatility
1.56%
How bumpy the daily NAV journey is
Based on 119 days of NAV history. Green < 5% MDD / < 12% vol · Amber 5-10% / 12-20% · Red > 10% / > 20%
Risk-adjusted ratios
Since inception, from 81 daily returns. Short histories make these noisy, so treat them as provisional.
Sharpe ratio
-0.24
Return per unit of total risk, above a 6% risk-free rate
Sortino ratio
-0.40
Same, but counting only the falls
Beta vs Hybrid 50:50 (proxy)
0.09
1.0 moves with the index; lower means more hedged
Down capture
2%
Share of the index's falls it took on down days (lower is better)
Up capture
20%
Share of the index's gains it kept on up days
Worst month
0.15%
Jun 2026
Best month
0.82%
Aug 2026
Positive months
4 of 4
Completed calendar months that gained
Drawdown recovery
Not yet
0 days since the worst low
Below its high
-0.31%
How far today's NAV is under the highest NAV so far
Beta and capture use the hybrid 50:50 proxy described under the growth chart, matched on 81 common trading days.
Growth of ₹100 since inception
2026-06-25 → 2026-10-22
| Since inception | Return | Max drawdown |
|---|
All rebased to ₹100 at the SIF's inception. SIFs are long-short (hedged) and aim for a smaller max drawdown rather than out-running a fully-invested fund/index in a rising market, so weigh the drawdown column alongside return.
This strategy's declared benchmark is NIFTY 50 Hybrid Composite Debt 50:50 Index, which we don't hold as a daily series. The benchmark line is a Lens-computed stand-in for the CRISIL Hybrid 50+50 Moderate Index: 50% Nifty 200 and 50% Nifty Composite G-Sec, rebalanced daily. CRISIL's own index uses the BSE 200 and its Composite Bond index, whose daily values aren't public. The equity half is a price index, so it leaves out dividends and slightly flatters the strategy.
Fund house's own money in this strategy
| Quarter | Valued on | ₹ crore |
|---|---|---|
| Jul-Sep 2026 | 30 Sep 2026 | 1.07 |
| Apr-Jun 2026 | 30 Jun 2026 | 0.65 |
What the fund house itself has invested in this strategy, as filed with AMFI each quarter. This is the house's own stake, not the size of the strategy (AUM). AMFI does not publish AUM for individual SIF strategies.
Monthly returns · since inception (Jun 2026)
How each calendar month went: green months gained, red months lost. Deeper colour = bigger move.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | · | · | · | · | · | · | +0.7 | +0.8 | +0.5 | -0.3 | · | · | +1.7 |
| Avg | · | · | · | · | · | · | +0.7 | +0.8 | +0.5 | · | · | · | · |
All values in %. Each cell compares the last NAV of the month with the last NAV of the month before. The latest month is month-to-date; the Year column compounds the months shown on that row.
Other plans: RedHex SIF · Hybrid Long-Short Fund
Minimum investment ₹10 lakh. SIF data from AMFI. Not investment advice. Verify all information with the fund house before investing.