Prism SIF · SIF · SIF-138
Prism Hybrid Long-Short Fund - Regular Plan- Growth Option
Hybrid · Hybrid Long-Short Fund · Interval Fund · Regular Growth
ISIN (Payout): INF22M030019
Strategy facts
- Declared benchmark
- NIFTY 50 Hybrid Composite Debt 50:50 Index (TRI)
- Fund managers
- Arun Ramachandran, Tanvi Kacheria, Siddharth Deb, Virendra Kumar, Manish Kalani (since Jul 2026)
- Launched
- 29 Jun 2026
- Minimum investment
- ₹10 lakh
- Risk level (1 low, 5 high)
- Level 1 (was Level 2 at launch)
- Expense ratio, as filed with AMFI
- Regular 3.56, Direct 2.41
Houses fill this field differently. It may be the base expense ratio only, before GST, brokerage and transaction costs.
- Custodian
- The HongKong and Shanghai Banking Corporation Limited (HSBC)
- SEBI code
- PRSM/I/H/HLSF/26/04/0001/JBMF
Investment objective
The Investment Strategy aims to achieve long term capital appreciation along with income generation by investing across a diversified mix of equity and equity related instruments, debt and money market instruments, derivative based strategies. 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
-0.34%
3 Months
+1.69%
6 Months
—
Since Inception
+1.69%
from 2026-07-23
CAGR (Inception)
—
< 1 yr history
Risk Indicators
Max Drawdown
-0.54%
Worst peak‑to‑trough fall since inception
Annualised Volatility
2.16%
How bumpy the daily NAV journey is
Based on 91 days of NAV history. Green < 5% MDD / < 12% vol · Amber 5-10% / 12-20% · Red > 10% / > 20%
Risk-adjusted ratios
Since inception, from 62 daily returns. Short histories make these noisy, so treat them as provisional.
Sharpe ratio
0.39
Return per unit of total risk, above a 6% risk-free rate
Sortino ratio
0.75
Same, but counting only the falls
Beta vs Hybrid 50:50 (proxy)
0.14
1.0 moves with the index; lower means more hedged
Down capture
8%
Share of the index's falls it took on down days (lower is better)
Up capture
34%
Share of the index's gains it kept on up days
Worst month
0.33%
Jul 2026
Best month
1.31%
Aug 2026
Positive months
3 of 3
Completed calendar months that gained
Drawdown recovery
Not yet
0 days since the worst low
Below its high
-0.54%
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 62 common trading days.
Portfolio · as on 30 Sep 2026
House's portfolio fileStrategy assets
₹459 cr
Net assets in the portfolio file
Equity held
42.6%
45 stocks, top 10 = 17.5%
Futures, net
+0.0%
Short 0.0% · long +0.0%
Net equity exposure
42.6%
Equity held plus futures
How the book is built
Collar: puts bought and calls sold on the same stocks, about 16% of NAV; 29% in debt and money market.
Each future and option is matched to the stock it is written on, and coverage is measured by contracts against shares held: the file shows options at their premium, which would make a collar over half the book look like well under 1% of it.
Asset mix, % of net assets
- Equity held +42.6%
- Cash & TREPS +23.0%
- Debt +20.6%
- Money market +8.7%
- REITs & InvITs +6.4%
- Net receivables -0.8%
- Options -0.5%
Blue bars add to the portfolio, orange bars are short or negative positions.
Top 10 stocks held
| Orient Cement LtdCement & Cement Products | 4.36% |
| ACC LtdCement & Cement Products | 2.59% |
| Oriental Hotels LtdLeisure Services | 2.53% |
| Life Insurance Corporation Of IndiaInsurance | 1.50% |
| Tata Steel LtdFerrous Metals | 1.09% |
| Sona Blw Precision Forgings LtdAuto Components | 1.09% |
| Axis Bank LtdBanks | 1.09% |
| Punjab National BankBanks | 1.08% |
| Hindustan Petroleum Corporation LtdPetroleum Products | 1.08% |
| Indian Hotels Co LtdLeisure Services | 1.08% |
Largest short positions (34 in total)
| Hindustan Petroleum Corporation Ltd(Call Option)Options | -0.06% |
| Bharat Heavy Electricals Ltd(Call Option)Options | -0.05% |
| Canara Bank(Call Option)Options | -0.05% |
| Indian Hotels Co Ltd(Call Option)Options | -0.05% |
| Sona Blw Precision Forgings Ltd(Call Option)Options | -0.05% |
| Punjab National Bank(Call Option)Options | -0.05% |
| Samvardhana Motherson International Ltd(Call Option)Options | -0.04% |
| Bse Ltd(Call Option)Options | -0.04% |
| Axis Bank Ltd(Call Option)Options | -0.04% |
| Indusind Bank Ltd(Call Option)Options | -0.04% |
Stocks held, by industry
Net assets by portfolio date: Sep 2026 ₹459 cr · Aug 2026 ₹297 cr · Jul 2026 ₹175 cr
From the house's own portfolio statement; SIFs must publish one at least every alternate month-end. Futures are counted at full contract value, so net equity exposure is equity held plus futures. Options are shown at their premium value, not their market exposure, so they are left out of that figure.
Growth of ₹100 since inception
2026-07-23 → 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 (TRI), 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.
Monthly returns · since inception (Jul 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 | · | · | · | · | · | · | · | +1.3 | +0.4 | -0.4 | · | · | +1.4 |
| Avg | · | · | · | · | · | · | · | +1.3 | +0.4 | · | · | · | · |
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: Prism 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.