Specialised Investment Fund
ICICI Prudential Mutual Fund
iSIF Equity Long-Short Fund
Benchmark NIFTY 500 Total Return Index (TRI)
iSIF Equity Long-Short Fund (ICICI Prudential Mutual Fund) is an Equity Long-Short SIF with AUM of ₹790 Cr. As of 23 Oct 2026, its NAV is ₹10.05, with returns of -7.1% (1M), -2.0% (3M) and +0.5% since inception. Risk band Level 5 (Highest).
Latest NAV
▼ 1.37%-0.14 since previous close
High · 3M
₹10.90
Low · 3M
₹10.05
AUM
₹789.84 Cr
Inception
Jun 2026
Expense Ratio
1.95%
Overview
About the Fund
Investment Objective
ICICI Pru value and contrarian equity approach with long-short overlay investing in NIFTY 500 universe
Performance
Performance & Return Drivers
NAV History · 3M
-2.62%3M · NAV return
View as table
| Date | NAV (₹) |
|---|---|
| 23 Oct 2026 | 10.0500 |
| 22 Oct 2026 | 10.1900 |
| 21 Oct 2026 | 10.2500 |
| 19 Oct 2026 | 10.3700 |
| 16 Oct 2026 | 10.4700 |
| 15 Oct 2026 | 10.4800 |
| 14 Oct 2026 | 10.5300 |
| 13 Oct 2026 | 10.5100 |
| 12 Oct 2026 | 10.4700 |
| 09 Oct 2026 | 10.4700 |
| 08 Oct 2026 | 10.4300 |
| 07 Oct 2026 | 10.6500 |
| 06 Oct 2026 | 10.6700 |
| 05 Oct 2026 | 10.5700 |
| 01 Oct 2026 | 10.4600 |
| 30 Sep 2026 | 10.5400 |
| 29 Sep 2026 | 10.5600 |
| 28 Sep 2026 | 10.5800 |
| 25 Sep 2026 | 10.7100 |
| 24 Sep 2026 | 10.7100 |
| 23 Sep 2026 | 10.8200 |
| 22 Sep 2026 | 10.7600 |
| 21 Sep 2026 | 10.7500 |
| 18 Sep 2026 | 10.7400 |
| 17 Sep 2026 | 10.6300 |
| 16 Sep 2026 | 10.5500 |
| 15 Sep 2026 | 10.5700 |
| 11 Sep 2026 | 10.7600 |
| 10 Sep 2026 | 10.8200 |
| 09 Sep 2026 | 10.8000 |
| 08 Sep 2026 | 10.7900 |
| 07 Sep 2026 | 10.7700 |
| 04 Sep 2026 | 10.8200 |
| 03 Sep 2026 | 10.7800 |
| 02 Sep 2026 | 10.7300 |
| 01 Sep 2026 | 10.8000 |
| 31 Aug 2026 | 10.8800 |
| 28 Aug 2026 | 10.8700 |
| 27 Aug 2026 | 10.8700 |
| 26 Aug 2026 | 10.9000 |
| 25 Aug 2026 | 10.8900 |
| 24 Aug 2026 | 10.8800 |
| 21 Aug 2026 | 10.8800 |
| 20 Aug 2026 | 10.8500 |
| 19 Aug 2026 | 10.8000 |
| 18 Aug 2026 | 10.8500 |
| 17 Aug 2026 | 10.8200 |
| 14 Aug 2026 | 10.7600 |
| 13 Aug 2026 | 10.7400 |
| 12 Aug 2026 | 10.7300 |
| 11 Aug 2026 | 10.6900 |
| 10 Aug 2026 | 10.6800 |
| 07 Aug 2026 | 10.6500 |
| 06 Aug 2026 | 10.6400 |
| 05 Aug 2026 | 10.6200 |
| 04 Aug 2026 | 10.5600 |
| 03 Aug 2026 | 10.5800 |
| 31 Jul 2026 | 10.4700 |
| 30 Jul 2026 | 10.3500 |
| 29 Jul 2026 | 10.3200 |
Fund Return · 3M
-2.62%
3M · NAV return
Alpha over Benchmark
—
vs NIFTY 500 Total Return Index
Volatility Σ
+10.56%
annualised std dev
Max Drawdown
-7.8%
peak-to-trough · 3M
Risk
Risk Profile, Exposure Limits & Fund Managers
Who Manages This Fund
Fund Manager
Sankaran Naren
CIO & Lead FMFull professional biography not yet published in the fund’s factsheet disclosures.
Fund Manager
Divya Jain
Equity Long Book & Short BookFull professional biography not yet published in the fund’s factsheet disclosures.
Fund Manager
Manan Tijoriwala
Derivatives & RiskFull professional biography not yet published in the fund’s factsheet disclosures.
Fees & Plan
Fees, Minimums & Redemption
Minimum Investment
₹10,00,000
SEBI-mandated SIF threshold
Expense Ratio
1.95%
Excl. brokerage, transaction cost & statutory levies
Exit Load
1% if redeemed ≤12 months; Nil after 12 months
Redemption
Daily
Why a ₹10 lakh minimum?
SEBI set this threshold for investors who understand complex strategies. It applies across all SIF strategies at one fund house, not per fund.
Can I redeem anytime?
Equity long-short SIFs offer daily redemption. Hybrid long-short SIFs are interval funds — redemption is only on specific windows, as set out above.
How is a SIF taxed?
Like mutual funds, a SIF is taxed only when you redeem — there is no annual capital-gains event as with PMS or AIF structures.
Documents
Factsheets & Disclosures
No factsheets published for this strategy yet.
Next Research
Related SIF Funds
Continue with nearby mandates and compare how fund houses express the same opportunity.
Ready when you are
Invest through SIF Edge
Speak to our team about iSIF Equity Long-Short Fund — onboarding, suitability and paperwork handled end to end.