Mumbai: HDFC Mutual Fund on Friday entered the Specialized Investment Fund (SIF) space with the launch of H-SIF category of funds. The fund house’s maiden SIF will be a Hybrid Long-Short Fund, Navneet Munot, the fund house’s MD said. The new fund offer will close on Nov 27.The fund house said its maiden SIF offering “is built around a core of high-safety debt papers, arbitrage, and REITs/InvITs, complemented by active derivative strategies (hedging, earning option premiums, and limited short positions of up to 25% of net assets) and selective participation in corporate events like IPOs, buybacks, and mergers.”H-SIF’s offering is designed to navigate flat, mildly rising, and volatile markets without relying solely on market direction. “The strategy comes with a preferred investment horizon of over 18 months.”The strategy will be jointly managed by Paul S Parampreet, Ihab Dalwai, Anil Bamboli and Gopal Agrawal. The SIF fund has a minimum investment limit of Rs 10 lakh.
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