HDFC Mutual Fund Enters The SIF Space With H-SIF To Unlock New Investment Opportunities For India’s Evolving Investors

Mumbai, November 14, 2026: HDFC Mutual Fund has expanded its offerings into the Specialized Investment Fund (SIF) market with the debut of H-SIF, a SIF platform. The inaugural strategy, H-SIF Hybrid Long-Short Fund, is an interval investment approach focusing on equity and debt securities, incorporating limited short positions in equities and debt via derivatives.

The New Fund Offer (NFO) for H-SIF commenced on November 13, 2026, and will conclude on November 27, 2026. Established over two and a half decades ago, HDFC Mutual Fund now manages over 1.75 crore distinct investors through its mutual funds, portfolio management services, alternatives, and international business ventures, including a foothold in GIFT City.

Utilizing the firm's established disciplined investment strategy, rigorous research, and risk framework, H-SIF aims to unlock new investment opportunities for India's dynamic investors. The SIF category has witnessed a surge in assets, rising from ₹2,010 crore in October 2025 to ₹38,287 crore in September 2026, as per AMFI data, with hybrid long-short strategies leading the charge.

Navneet Munot, Managing Director and Chief Executive Officer of HDFC Asset Management Company Limited, emphasized that HDFC Mutual Fund's trust from investors, spanning multiple market cycles, underpins their approach to new offerings. H-SIF, positioned as an Arbitrage+ strategy, is anchored by a robust core of high-quality debt papers, arbitrage, and REITs/InvITs, aiming to deliver a stable return profile.

Around this core, the fund will employ derivative strategies primarily to mitigate risk, such as hedging positions, earning option premiums, and executing limited short positions up to 25% of net assets. Selective participation in corporate events like IPOs, buybacks, open offers, and mergers will further enhance returns. The approach is tailored for flat, mildly rising, and volatile markets, with a recommended investment horizon of over 18 months.

Fund Manager Paul S Parampreet explained that while market volatility can make investors cautious, it can also present opportunities for a strategy adept at managing risk through derivatives. The fund will be overseen by Parampreet, Ihab Dalwai (Equity), Anil Bamboli (Debt), and Gopal Agrawal (Overseas Investments), combining expertise in equities, derivatives, and fixed income.

The minimum investment for the strategy is ₹10 lakh across SIF strategies at the PAN level, with accredited investors able to invest a minimum of ₹10,000, subject to applicable conditions. Subscriptions will be available daily, while redemptions will occur twice weekly on Mondays and Wednesdays. An exit load of 0.5% will be imposed on units redeemed or switched out within 90 days of allotment, with no exit load thereafter.

Investors are advised to consult their financial advisers to determine if the product aligns with their needs. For further information, investors can refer to the product literature at https://hsif.hdfcfund.com/. It is important to note that the NSE and BSE do not clear or approve the Investment Strategy Information Document (ISID).

Investors are urged to carefully review all investment strategy-related documents before making investment decisions. HDFC Bank, as the sponsor of HDFC Mutual Fund, shall not be held liable for any losses or shortfalls arising from the operations of the Investment Strategy. Specialized Investment Funds carry relatively higher risk, including potential capital loss, liquidity risk, and market volatility. Investors are encouraged to read all related documents thoroughly before making investment choices.