HDFC Mutual Fund Opens H-SIF Hybrid Long-Short Fund NFO on 13 November 2026

Key Takeaways

• HDFC Mutual Fund has opened the new fund offer for its H-SIF Hybrid Long-Short Fund on 13 November 2026, with subscriptions scheduled to close on 27 November.
• The specialised investment fund will invest across equity and debt securities, with permitted short exposure through derivatives.
• The minimum investment for a new non-accredited investor in the SIF is ₹10 lakh, and the scheme uses the NIFTY 50 Hybrid Composite Debt 50:50 Index as its benchmark.

HDFC Mutual Fund Opens New SIF Offering

HDFC Mutual Fund has opened subscriptions for its H-SIF Hybrid Long-Short Fund, introducing a new investment strategy under India's specialised investment fund framework.

The new fund offer (NFO) opened on 13 November 2026 and is scheduled to close on 27 November.

According to the scheme's Investment Strategy Information Document, the fund is structured as an interval investment strategy investing in both equity and debt securities.

The strategy also permits limited short exposure through derivatives, subject to the regulatory and scheme-level limits applicable to specialised investment funds.

Investment Strategy and Benchmark

The H-SIF Hybrid Long-Short Fund is designed to combine exposure to fixed-income securities with equity investments and derivative strategies.

Its stated investment objective involves income accrual and capital appreciation over the medium to long term.

The fund may use derivatives for portfolio management, hedging and permitted short-position strategies.

The selected benchmark is the NIFTY 50 Hybrid Composite Debt 50:50 Index.

This benchmark combines equity and debt market components, reflecting the scheme's hybrid investment structure.

However, the scheme's returns may differ from the benchmark because of portfolio allocation, security selection, derivatives exposure, costs and other investment decisions.

Minimum Investment and Subscription Details

The minimum investment for a new non-accredited investor in the SIF is ₹10 lakh, with additional amounts permitted in multiples of ₹1.

The minimum-investment requirement applies under the specialised investment fund framework and is higher than the entry threshold typically associated with conventional retail mutual funds.

The NFO offers units at ₹10 each.

Direct and Regular plans are available, with Growth and Income Distribution cum Capital Withdrawal options.

According to the offer document, the strategy is scheduled to reopen for continuous sale and repurchase within five working days of allotment, subject to the interval structure and applicable transaction conditions.

SIF Framework Expands Product Structures

Specialised investment funds operate within a regulatory framework that permits investment strategies beyond those commonly available through traditional mutual fund schemes.

These may include long-short approaches using derivatives, subject to prescribed safeguards.

HDFC Mutual Fund has assigned the H-SIF Hybrid Long-Short Fund a risk-band level of 2 out of 5 at the NFO stage.

The fund house notes that the assessment is based on the proposed investment strategy and may change once the portfolio is established.

The actual portfolio composition, liquidity arrangements and derivative exposure will determine how the scheme operates following allotment.