Prism Hybrid Long-Short Fund by JioBlackRock Mutual Fund is open for subscription. 6 things to know
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New SIF
JioBlackRock Mutual Fund has launched Prism Hybrid Long-Short Fund, an interval investment strategy that allows for redemptions twice a week.
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NFO Period
The New Fund Offer or NFO of this hybrid long-short fund strategy is open for subscription and will close on July 13.
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Benchmark and fund manager
The performance of the scheme will be benchmarked against NIFTY 50 Hybrid Composite Debt 50:50 Index. It will be managed by Arun Ramachandran, Tanvi Kacheria, Siddharth Deb, and Virendra Kumar
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Key approach
The Prism Hybrid Long-Short Fund seeks to generate long-term capital appreciation along with income by investing across equity, debt, derivatives and alternative opportunity sleeves. By combining long positions, limited short exposure through derivatives, fixed income and differentiated investment opportunities such as merger arbitrage, collars, REITs, InvITs and special situations, the strategy aims to deliver improved risk-adjusted returns while maintaining relatively lower portfolio volatility and drawdowns.
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An interval strategy
The Prism Hybrid Long-Short Fund is an interval investment strategy with a minimum investment threshold of Rs 10 lakh, in line with SEBI’s Specialized Investment Fund framework. The fund will be available under both Direct and Regular plans, with a Growth option, and will support lump sum investments, SIPs, STPs and SWPs on an ongoing basis.
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Portfolio management
The investment strategy is powered by BlackRock’s global experience in alternatives combined with the JioBlackRock local investments team's experience in long-short strategies supported by advanced signal research, big data, machine learning and risk management capabilities licensed from BlackRock, including Aladdin®.