RedHex

Specialised Investment Fund

HSBC Mutual Fund

RedHex Hybrid Long-Short Fund

Regular PlanHybridRisk band Level 2

Benchmark NIFTY 50 Hybrid Composite Debt 50:50 Index (TRI)

RedHex Hybrid Long-Short Fund (HSBC Mutual Fund) is a Hybrid Long-Short SIF with AUM of ₹1,504 Cr. As of 23 Oct 2026, its NAV is ₹10.19, with returns of -0.4% (1M), +1.2% (3M) and +1.7% since inception. Risk band Level 2.

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Latest NAV

▼ 0.12%
₹10.19

-0.0126 since previous close

High · 3M

₹10.23

Low · 3M

₹10.09

AUM

₹1504 Cr

Inception

Jun 2026

Expense Ratio

0.94%

OverviewPerformanceRiskFeesFund ManagerDocuments
01

Overview

About the Fund

“

Investment Objective

Capital appreciation through hybrid long-short strategies with equity and fixed income across market cycles

Benchmarked againstNIFTY 50 Hybrid Composite Debt 50:50 Index (TRI)
AMCHSBC Mutual Fund
StrategyHybrid
InceptionJun 2026
RedemptionInterval
02

Performance

Performance & Return Drivers

NAV History · 3M

+1.03%3M · NAV return

View as table
Recent NAV history for RedHex Hybrid Long-Short Fund - Regular - Growth
DateNAV (₹)
23 Oct 202610.1897
22 Oct 202610.2023
21 Oct 202610.2216
19 Oct 202610.2345
16 Oct 202610.2230
15 Oct 202610.2214
14 Oct 202610.2232
13 Oct 202610.2162
12 Oct 202610.2169
09 Oct 202610.2149
08 Oct 202610.2071
07 Oct 202610.2245
06 Oct 202610.2240
05 Oct 202610.2216
01 Oct 202610.2080
30 Sep 202610.2316
29 Sep 202610.2034
28 Sep 202610.2152
25 Sep 202610.2258
24 Sep 202610.2207
23 Sep 202610.2282
22 Sep 202610.2282
21 Sep 202610.2279
18 Sep 202610.2275
17 Sep 202610.2195
16 Sep 202610.2158
15 Sep 202610.2133
11 Sep 202610.2054
10 Sep 202610.2153
09 Sep 202610.2139
08 Sep 202610.2143
07 Sep 202610.2162
04 Sep 202610.2024
03 Sep 202610.2118
02 Sep 202610.1895
01 Sep 202610.1903
31 Aug 202610.1850
28 Aug 202610.1764
27 Aug 202610.1667
26 Aug 202610.1721
25 Aug 202610.1799
24 Aug 202610.1789
21 Aug 202610.1837
20 Aug 202610.1675
19 Aug 202610.1812
18 Aug 202610.1742
17 Aug 202610.1711
14 Aug 202610.1769
13 Aug 202610.1715
12 Aug 202610.1590
11 Aug 202610.1469
10 Aug 202610.1439
07 Aug 202610.1250
06 Aug 202610.1237
05 Aug 202610.1175
04 Aug 202610.1219
03 Aug 202610.1266
31 Jul 202610.1026
30 Jul 202610.1016
29 Jul 202610.0964

Fund Return · 3M

+1.03%

3M · NAV return

Alpha over Benchmark

—

vs NIFTY 50 Hybrid Composite Debt 50:50 Index

Volatility Σ

+1.59%

annualised std dev

Max Drawdown

-0.44%

peak-to-trough · 3M

04

Risk

Risk Profile, Exposure Limits & Fund Managers

Risk band Level 2SEBI scale · 1 Lowest, 5 Highest
Level 1Level 2Level 3Level 4Level 5
Equity Allocation25%–75%
0%25%50%75%100%
Debt Allocation25%–75%
0%25%50%75%100%
Commodity Allocation—
Derivative Exposure MaxUp to 100% of net assets
0%25%50%75%100%
Unhedged Short Max0%–25%
0%25%50%75%100%

Who Manages This Fund

SR

Fund Manager

Shriram Ramanathan

Fixed Income, REITs & InvITs

Experience

25 years of total experience

Managing since June 19, 2026
PA

Fund Manager

Praveen Ayathan

Arbitrage

Experience

33 years of total experience

Managing since June 19, 2026
VM

Fund Manager

Venugopal Manghat

Equity

Experience

32 years of total experience

Managing since June 19, 2026
MC

Fund Manager

Mayank Chaturvedi

Overseas Investments

Experience

5 years of total experience

Managing since June 19, 2026
05

Fees & Plan

Fees, Minimums & Redemption

Minimum Investment

₹10,00,000

SEBI-mandated SIF threshold

Expense Ratio

0.94%

Excl. brokerage, transaction cost & statutory levies

Exit Load

Per scheme document

Redemption

Interval

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.

06

Documents

Factsheets & Disclosures

No factsheets published for this strategy yet.

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