Prism Hybrid Long-Short: September review - a larger equity book with a cement tilt
Cash equity is 42.61% of NAV, up 5.71 percentage points from 31 August 2026. The ten largest company holdings account for 17.49% of NAV.
AI Brief
What changed
Cash equity is 42.61% of NAV, up 5.71 percentage points from 31 August 2026. The ten largest company holdings account for 17.49% of NAV.
Why it matters
The common-equity book is larger than in August after keeping REIT units separate. Orient Cement and ACC account for much of the increased equity emphasis; debt, money market and listed units remain material parts of the funded mix.
What to watch
Watch the cement holdings and whether their larger weights persist, alongside the separate futures and option positions. Holdings alone do not establish the manager's reason for the change.
What remains uncertain
Cash-equity comparison only; the broader disclosure scopes differ. Changes are not confirmed trades. Option values and derivative notionals are separate from asset allocation.
Generated by Codex source-reviewed editorial research from this article and its evidence · 11 Oct 2026
SIFprime View
Listed equity leads at 42.61%
The common-equity book is larger than in August after keeping REIT units separate. Orient Cement and ACC account for much of the increased equity emphasis; debt, money market and listed units remain material parts of the funded mix.
Explore the evidencePORTFOLIO ALLOCATION
Latest allocation & changes
Latest disclosed figures. A comparable previous disclosure is not available.
- Listed equity
- 42.61%
- Debt securities
- 20.65%
- Money market
- 31.09%
- Cash and net current assets
- -0.21%
- REITs, InvITs and other listed units
- 6.37%
Derivative positioning
- Futures · signed totalFutures reported %
- -6.70%
- Options · signed totalOptions valuation %
- -0.51%
Percentages are compared on the same source basis. These measures can overlap and are not added to capital allocation. Contract or short-stock rotations are not treated as company additions or removals.
Only quantified categories are shown. Missing figures are not zero; changes appear only when both disclosures are comparable.
Explore the disclosed holdings
Prism Hybrid Long-Short · 30 Sept 2026
Portfolio sleeves
45 disclosed lines
Scroll inside the table to inspect all rows. The page layout stays fixed.
| # | Security / ISIN | Sector / bucket | Weight (% NAV) | Exposure (% NAV) |
|---|---|---|---|---|
| 01 | Orient Cement LtdINE876N01018 · long | Cement & Cement Products | 4.36% | 4.36% |
| 02 | ACC LtdINE012A01025 · long | Cement & Cement Products | 2.59% | 2.59% |
| 03 | Oriental Hotels LtdINE750A01020 · long | Leisure Services | 2.53% | 2.53% |
| 04 | Life Insurance Corporation Of IndiaINE0J1Y01017 · long | Insurance | 1.50% | 1.50% |
| 05 | Tata Steel LtdINE081A01020 · long | Ferrous Metals | 1.09% | 1.09% |
| 06 | Sona Blw Precision Forgings LtdINE073K01018 · long | Auto Components | 1.09% | 1.09% |
| 07 | Axis Bank LtdINE238A01034 · long | Banks | 1.09% | 1.09% |
| 08 | Punjab National BankINE160A01022 · long | Banks | 1.08% | 1.08% |
| 09 | Hindustan Petroleum Corporation LtdINE094A01015 · long | Petroleum Products | 1.08% | 1.08% |
| 10 | Indian Hotels Co LtdINE053A01029 · long | Leisure Services | 1.08% | 1.08% |
| 11 | Indian Oil Corporation LtdINE242A01010 · long | Petroleum Products | 1.08% | 1.08% |
| 12 | IndusInd Bank LtdINE095A01012 · long | Banks | 1.07% | 1.07% |
| 13 | Samvardhana Motherson International LtdINE775A01035 · long | Auto Components | 1.07% | 1.07% |
| 14 | Canara BankINE476A01022 · long | Banks | 1.07% | 1.07% |
| 15 | Bharat Heavy Electricals LtdINE257A01026 · long | Electrical Equipment | 1.07% | 1.07% |
| 16 | ICICI Bank LtdINE090A01021 · long | Banks | 1.07% | 1.07% |
| 17 | UPL LtdINE628A01036 · long | Fertilizers & Agrochemicals | 1.07% | 1.07% |
| 18 | Bajaj Auto LtdINE917I01010 · long | Automobiles | 1.07% | 1.07% |
| 19 | Oracle Financial Services Software LtdINE881D01027 · long | IT - Software | 1.07% | 1.07% |
| 20 | Coal India LtdINE522F01014 · long | Consumable Fuels | 1.06% | 1.06% |
| 21 | Asian Paints LtdINE021A01026 · long | Consumer Durables | 1.06% | 1.06% |
| 22 | Cholamandalam Investment and Finance Co LtdINE121A01024 · long | Finance | 1.06% | 1.06% |
| 23 | Hindustan Zinc LtdINE267A01025 · long | Non - Ferrous Metals | 1.06% | 1.06% |
| 24 | Bandhan Bank LtdINE545U01014 · long | Banks | 1.05% | 1.05% |
| 25 | Tata Consumer Products LtdINE192A01025 · long | Agricultural Food & Other Products | 1.05% | 1.05% |
| 26 | Hero MotoCorp LtdINE158A01026 · long | Automobiles | 1.05% | 1.05% |
| 27 | BSE LtdINE118H01025 · long | Capital Markets | 1.04% | 1.04% |
| 28 | Divi's Laboratories LtdINE361B01024 · long | Pharmaceuticals & Biotechnology | 1.03% | 1.03% |
| 29 | Marico LtdINE196A01026 · long | Agricultural Food & Other Products | 1.03% | 1.03% |
| 30 | Kalyan Jewellers India LtdINE303R01014 · long | Consumer Durables | 1.03% | 1.03% |
| 31 | Cipla LtdINE059A01026 · long | Pharmaceuticals & Biotechnology | 1.02% | 1.02% |
| 32 | Zydus Lifesciences LtdINE010B01027 · long | Pharmaceuticals & Biotechnology | 1.00% | 1.00% |
| 33 | Apollo Hospitals Enterprise LtdINE437A01024 · long | Healthcare Services | 0.98% | 0.98% |
| 34 | Reliance Industries LtdINE002A01018 · long | Petroleum Products | 0.39% | 0.39% |
| 35 | Bharti Airtel LtdINE397D01024 · long | Telecom - Services | 0.22% | 0.22% |
| 36 | NMDC LtdINE584A01023 · long | Minerals & Mining | 0.08% | 0.08% |
| 37 | Moneyview LtdINE0PTN01011 · long | Financial Technology (Fintech) | 0.05% | 0.05% |
| 38 | Ambuja Cements LtdINE079A01024 · long | Cement & Cement Products | 0.04% | 0.04% |
| 39 | Ultratech Cement LtdINE481G01011 · long | Cement & Cement Products | 0.04% | 0.04% |
| 40 | Bajaj Holdings & Investment LtdINE118A01012 · long | Finance | 0.04% | 0.04% |
| 41 | HDFC Bank LtdINE040A01034 · long | Banks | 0.03% | 0.03% |
| 42 | Oberoi Realty LtdINE093I01010 · long | Realty | 0.03% | 0.03% |
| 43 | Varun Beverages LtdINE200M01039 · long | Beverages | 0.02% | 0.02% |
| 44 | Tata Motors Passenger Vehicles LtdINE155A01022 · long | Automobiles | 0.02% | 0.02% |
| 45 | JSW Steel LtdINE019A01038 · long | Ferrous Metals | 0.02% | 0.02% |
Weight and exposure are separate source fields. Source signs are retained; missing values are unavailable, not zero. Derivative weights do not establish total or unhedged exposure.
Portfolio construction
- Common-company cash equity 42.61%; Debt securities 20.65%; Money market 31.09%; Cash and net current assets -0.21%; REITs, InvITs and other listed units 6.37%. Values are the separate reported percentages of NAV.
- 45 positive common-company equity lines; top ten 17.49% of NAV. Largest holdings: Orient Cement Ltd (4.36%); ACC Ltd (2.59%); Oriental Hotels Ltd (2.53%).
- Largest classified equity sectors: Cement & Cement Products 7.03% of NAV; Banks 6.47% of NAV; Leisure Services 3.61% of NAV.
- The negative cash/net-current-assets figure is a net-payable balance, not a negative bank balance or an inferred borrowing amount. Read it with the other source entries.
Changes in company holdings
- Cash-equity comparison: 31 August 2026 to 30 September 2026. Common-equity weight moved from 36.90% to 42.61% (increased by 5.71 percentage points).
- Newly present in the common-equity snapshot: 29 companies. Largest disclosed weights: Indian Hotels Co Ltd (1.08%); IndusInd Bank Ltd (1.07%); Samvardhana Motherson International Ltd (1.07%).
- No longer present in the common-equity snapshot: 22 companies. Largest disclosed weights: Colgate Palmolive (India) Ltd (1.04% previously); Crompton Greaves Consumer Electricals Ltd (1.02% previously); TVS Motor Co Ltd (1.00% previously).
- Orient Cement Ltd: 1.03% to 4.36% of NAV (up 3.33 percentage points).
- ACC Ltd: 1.10% to 2.59% of NAV (up 1.49 percentage points).
- Varun Beverages Ltd: 0.96% to 0.02% of NAV (down 0.94 percentage points).
- These company comparisons use the dated cash-equity rows only. Differences in the broader capture, particularly derivatives, prevent a like-for-like automated whole-portfolio comparison.
Derivatives, measured separately
- Futures: long positions total 4.69% of NAV and short positions 11.39% in absolute magnitude; signed balance -6.70%. These are source-reported futures percentages, not delta-adjusted exposure for the whole fund.
- Options: 70 disclosed lines; their signed reported value percentages sum to -0.51% of NAV. Reported option values are not verified underlying notionals or delta-adjusted exposures.
- Explicit source classifications: 13 hedging lines, 1 non hedging line. These labels do not quantify hedge effectiveness or establish the reason for every position.
SIFprime reading and what to watch
- The common-equity book is larger than in August after keeping REIT units separate. Orient Cement and ACC account for much of the increased equity emphasis; debt, money market and listed units remain material parts of the funded mix.
- Watch the cement holdings and whether their larger weights persist, alongside the separate futures and option positions. Holdings alone do not establish the manager's reason for the change.
Dates and evidence limits
- Holdings are as of 30 September 2026; research prepared on 11 October 2026. The preparation date is not asserted to be the AMC publication date.
- Snapshot differences can reflect transactions, market prices, corporate actions and investor flows. They do not identify trade dates, returns or the manager's intent.
- Funded assets, futures percentages, option values and swap notionals use different measures. They are not added into a single gross or net exposure figure.
- Incomplete option notional coverage remains flagged in the captured data. A complete list of source rows does not imply a complete measure of economic exposure.
Sources & methodology
jioblackrockamc.com
Jio BlackRock Mutual Fund
How to read this research
- Analysis uses the captured disclosure. Portfolio dates and the report preparation date are shown separately.
- Cash-equity concentration uses long cash-equity weights. Derivatives are measured separately and are not added to allocation weights.
- Changes compare disclosed snapshots; they do not establish trade timing or manager intent. Interpretation is separate from the disclosed facts.