iSIF Equity Long-Short Fund
Frequently asked questions
What is iSIF Equity Long-Short Fund?
iSIF Equity Long-Short Fund is a Specialized Investment Fund (SIF) from ICICI Prudential Mutual Fund. To generate long-term capital appreciation via listed equity and equity-related instruments, with limited short exposure through derivatives. Its benchmark is NIFTY 500 TRI.
What is the minimum investment in iSIF Equity 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: Daily.
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 Equity Long-Short Fund?
The scheme is classified as Level 5 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 Equity Long-Short Fund taxed?
Tax depends on whether the scheme qualifies as equity-oriented, meaning at least 65% in domestic equity; confirm this in the SID. Under current Indian tax rules, gains on equity-oriented units held for more than 12 months are taxed at 12.5% on gains above ₹1.25 lakh in a financial year, and gains on units sold within 12 months are taxed at 20%. Tax rules can change, so check with a tax adviser.