Equity
Active stock selection and a variable equity weight as valuations change.
iSIF · ICICI Prudential Mutual Fund
iSIF Active Asset Allocator Long-Short Fund
An interval strategy that adjusts exposure to equity, debt, InvITs and commodity derivatives as market conditions change. Derivative overlays may be used to manage risk and seek opportunities.
Based on the October 2026 fund presentation, with portfolio data as of 30 September 2026. The investment objective is not guaranteed.
Investment approach
Dynamic allocation across four asset sleeves
The strategy aims for long-term capital appreciation through equity and regular income through debt. Its allocation model considers valuations, technical signals and the growth and inflation environment; fund managers review the model before setting exposures.
Debt
Duration and accrual opportunities selected using the manager's macro and credit views.
Commodities
Tactical derivative exposure to permitted commodities, including precious and industrial metals.
InvITs
Selective infrastructure trust exposure for diversification and potential yield.
The fund may also use hedges, covered calls and other permitted long-short techniques. These tools add complexity and do not ensure protection from losses.
Mandate
Indicative asset allocation and exposure limits
| Asset or exposure | Presentation limit | Intended role |
|---|---|---|
| Equity and equity-related securities | 35% to 80% | Dynamic equity allocation, including permitted derivative exposure |
| Debt and money market instruments | 10% to 55% | Income, duration and liquidity management |
| Exchange-traded commodity derivatives | Up to 30% of NAV | Dynamic exposure; a particular commodity is limited to 10% of NAV |
| InvIT units | 0% to 20% | Selective infrastructure exposure |
| Unhedged short exposure | Up to 25% of net assets | Through permitted derivative instruments |
These are mandate ranges and exposure limits, not current holdings. They overlap and should not be added together. The presentation also states derivative exposure can be up to 100% of net assets. Consult the current Investment Strategy Information Document (ISID) for the binding limits.
Portfolio snapshot
Reported positioning at 30 September 2026
| Portfolio measure | Reported value |
|---|---|
| Gross equity holdings | 44.65% |
| Net equity exposure | 23.99% |
| Debt holdings | 50.65% |
| Commodity futures | 2.21% |
| InvITs | 1.10% |
How to read the snapshot
Gross equity is the value of equity share holdings. Net equity adjusts for futures and options. Debt, derivatives and other positions use different exposure measures, so these figures are not components of a single 100% pie.
Holdings and exposures can change after the reporting date. The snapshot is not a forecast or a recommendation to buy any security.
Fund facts
Benchmark, application and dealing terms
- Fund house
- iSIF · ICICI Prudential Mutual Fund
- Strategy type
- Interval investment strategy
- Benchmark
- 50% Nifty 500 TRI + 40% Nifty Composite Debt Index + 7% domestic gold price + 3% domestic silver price
- Plans and option
- Regular and Direct plans; Growth option
- Redemption frequency
- Monday and Wednesday each week; next business day if a scheduled day is a non-business day
Minimum application
Rs 10 lakh for a first-time iSIF investor. Rs 10,000 for an accredited investor or an existing investor who has met the Rs 10 lakh minimum investment threshold. The presentation also describes lump sum and SIP routes, subject to applicable thresholds and instalment rules.
Exit load
1% of applicable NAV if redeemed or switched out within one month from allotment; nil after one month.
These terms are from the October 2026 presentation and can change. Confirm the latest ISID and addenda before applying.
Before investing
Risks and source notes
Market and strategy risk
Equity, debt, commodity and derivative positions can lose value. Short positions and options may increase complexity; credit and liquidity risk also matter. The strategy's stated aim to reduce volatility or manage downside is not a guarantee of returns or capital protection.
Check current documents
This page summarises the ICICI Prudential Mutual Fund presentation dated October 2026. Portfolio figures are as of 30 September 2026. Read the current ISID, risk disclosures, NAV and transaction terms, and consult an adviser when assessing suitability.
Frequently asked questions
What is iSIF Active Asset Allocator Long-Short Fund?
It is an interval investment strategy of iSIF, offered by ICICI Prudential Mutual Fund. It dynamically invests across equity, debt, InvITs and permitted commodity derivatives, and may use limited short exposure through derivatives.
What is the minimum investment?
The October 2026 presentation states Rs 10 lakh for a first-time iSIF investor. It states Rs 10,000 for an accredited investor or an existing investor who has met the Rs 10 lakh threshold. Check the current strategy documents for applicable terms.
When can investors redeem?
The presentation states that redemptions are processed twice weekly, on Monday and Wednesday, or the next business day if either is a non-business day. The schedule may change under applicable rules.
What is the exit load?
The October 2026 presentation states 1% of applicable NAV for redemption or switch-out within one month of allotment, and nil after one month. Verify the current terms before investing.
Does the strategy guarantee lower volatility or capital protection?
No. Lower volatility and downside management are aims of the strategy, not guarantees. Market, derivative, credit and liquidity risks can lead to losses, including loss of capital.
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