AlphaGrep Eminence Hybrid Long-Short Fund NFO Scheduled to Close on 28 October

Key Takeaways

• AlphaGrep Mutual Fund's Eminence Hybrid Long-Short Fund has a scheduled NFO closing date of 28 October 2026.
• The investment strategy combines equity, debt, derivatives, arbitrage and special-situation opportunities within a hybrid long-short structure.
• The general minimum investment is ₹10 lakh, while eligible accredited investors can access the strategy with a lower ₹1 lakh threshold.

AlphaGrep Mutual Fund's Eminence Hybrid Long-Short Fund is scheduled to close its new fund offer on 28 October 2026, concluding a subscription period that began on 14 October.

The scheme is the first investment strategy introduced under the fund house's Eminence Specialised Investment Fund platform.

It follows a hybrid long-short approach, combining investments across equity, debt and permitted derivative instruments.

The NFO was originally announced earlier in October. The current development concerns the scheduled closing of subscriptions rather than a fresh scheme launch.

Investment Strategy

The Eminence Hybrid Long-Short Fund is structured as an interval investment strategy.

Its stated objective is to generate capital appreciation through equity and equity-related investments, alongside income from arbitrage, derivative strategies, special situations and fixed-income securities.

The fund can use permitted short exposure through derivative instruments within the applicable regulatory framework.

The strategy may therefore maintain different combinations of long and short positions depending on its investment mandate and portfolio construction.

Unlike a conventional equity mutual fund, which primarily invests in securities expected to appreciate, a long-short strategy may also establish positions intended to benefit from relative-price movements or manage market exposure.

However, such strategies remain exposed to market risk, derivative risk, liquidity conditions and implementation costs.

NFO Terms and Minimum Investment

The scheme offers Direct and Regular plans, along with Growth and applicable IDCW options.

The fund's benchmark combines equity and debt market exposure through the Nifty 50 Hybrid Composite Debt 50:50 Index.

How Specialised Investment Funds Differ

Specialised Investment Funds operate under a regulatory framework that permits certain investment strategies beyond those generally available to traditional mutual fund schemes.

The framework allows eligible strategies to use greater flexibility in their portfolio construction, subject to prescribed investment restrictions and risk controls.

The standard minimum investment threshold of ₹10 lakh differentiates SIF offerings from conventional retail mutual funds.

Eligible accredited investors may participate at a lower threshold where permitted under the regulatory framework.

These investment requirements are separate from the market and strategy risks associated with a fund.

Subscription Closing and Next Steps

The BSE notice dated 13 October confirms that the NFO subscription period extends through 28 October.

It also identifies 4 November 2026 as the tentative allotment date.

Following the closing of the offer, applications and payments will be processed under the applicable scheme and platform requirements.

Investors who receive units will participate in the strategy according to its final portfolio and operating provisions.

The scheme's actual investment returns will depend on the performance of its equity, derivative, arbitrage and fixed-income positions.

The product carries no guaranteed outcome, and the introduction of a long-short structure does not eliminate the possibility of losses.