New Delhi, June 30 -- Specialised investment funds, a new category launched by the Securities and Exchange Board of India (Sebi), are designed to allow investors to gain exposure to long-short strategies, which are not available in the mutual fund space. The minimum investment is Rs.10 lakh.

Of the 25 SIFs launched to date, 12 are hybrid, with Jio Blackrocks' Prism Hybrid Long-Short Fund being the latest, according to data from SIF360.com.

The bulk of the money is allocated to hybrid long-short strategies, with assets under management of Rs.9,709 crore, accounting for around 70% of the total SIF AUM of Rs.13,814 crore as of 31 May 2026.

The selling point

Hybrid long-short SIFs have delivered around 5.5% on average over the past three ...