iSIF Active Asset Allocator Long-Short Fund
Frequently asked questions
What is iSIF Active Asset Allocator Long-Short Fund?
iSIF Active Asset Allocator Long-Short Fund is a Specialized Investment Fund (SIF) from ICICI Prudential Mutual Fund. Long-term wealth creation via dynamic allocation across equity, debt, equity/debt derivatives, InvITs, and commodity derivatives, with limited short exposure on permitted instruments. Its benchmark is 50% Nifty 500 TRI + 40% Nifty Composite Debt Index + 7% Domestic Price of Gold + 3% Domestic Price of Silver.
What is the minimum investment in iSIF Active Asset Allocator Long-Short Fund?
The minimum investment is ₹10,00,000, multiples of ₹1 (₹10,000 for accredited investors); SIP: Daily ₹5,000, Weekly/Fortnightly/Monthly ₹10,000, Quarterly ₹20,000 (min. 4-6 installments).
How often can I buy and redeem units?
Subscriptions: Daily (business days); cut-off 3:00 PM for same-day NAV. Redemptions: Weekly (Mon & Wed); shifts to next business day if holiday.
What is the exit load?
Exit load: 1% (≤12 months), Nil after. Confirm the latest terms in the scheme's SID.
How is a SIF different from a mutual fund?
A SIF can take limited short positions through derivatives, which a regular mutual fund scheme generally cannot, and it has a higher minimum investment. That flexibility adds derivative, liquidity and manager-execution risk, so read the SID before investing.
How risky is iSIF Active Asset Allocator Long-Short Fund?
The scheme is classified as Level 2 on the risk-o-meter shown on this page. SIFs are subject to market risk, and past performance is not indicative of future returns.
How is iSIF Active Asset Allocator Long-Short Fund taxed?
Tax depends on how much of the portfolio is held in equity and on the holding period, so it differs from an equity-oriented fund. Check the scheme's SID for its tax treatment and speak to a tax adviser before investing.