RedHex Hybrid Long-Short: construction and changes at 30 Sep 2026
Key takeaway
Debt securities: 42.80% of NAV, the largest disclosed asset allocation.
Cash equity23.88%(reduced by 2.35 pp)
Top-ten cash equity14.78%(reduced by 1.75 pp)
Cash-equity rows61Prior: 57
AI Brief
What changed
Listed equity: 26.23% to 23.88% (down 2.35 percentage points). Debt securities: 44.43% to 42.80% (down 1.63 percentage points).
Why it matters
Debt is the largest allocation. Credit quality and maturity are the key follow-up checks; the allocation percentage alone does not show interest-rate risk.
What to watch
At the next comparable disclosure, check whether equity weight changes persist and whether overall long and short derivative usage changes on the same measurement basis.
What remains uncertain
Changes in holdings do not establish executed trades or the manager's intent. Derivative percentages cannot be added to asset weights. Missing figures are not zero. The detailed short-futures schedule totals 24.00% of NAV versus 23.90% in the AMC narrative; the previous hedge percentage uses a different denominator.
Generated by Codex-authored research rules from this article and its evidence · 8 Oct 2026
OUR READING
SIFprime View
Debt securities leads at 42.80%
Debt is the largest allocation. Credit quality and maturity are the key follow-up checks; the allocation percentage alone does not show interest-rate risk.
Explore the evidencePORTFOLIO ALLOCATION
Latest allocation & changes
Compared with 31 Aug 2026 · pp = percentage points
- Listed equity
- 23.88%(reduced by 2.35 pp)
- Debt securities
- 42.80%(reduced by 1.63 pp)
- Money market
- 3.92%(reduced by 10.87 pp)
- Cash and net current assets
- -2.44%(increased by 1.17 pp)
- REITs, InvITs and other listed units
- 31.84%(increased by 22.82 pp)
Only quantified categories are shown. Missing figures are not zero; changes appear only when both disclosures are comparable.
Equity activity
59 companiesLargest weight changes in each group · % of NAV
| Activity | Company | Previous | Latest |
|---|---|---|---|
Explore the disclosed holdings
RedHex Hybrid Long-Short · 30 Sept 2026
Portfolio sleeves
Listed equitylong
61 disclosed lines
Equity movements vs 31 Aug 2026 · Scroll inside the table to inspect all rows. The page layout stays fixed.
| # | Security / ISIN | Sector / bucket | Weight (% NAV) | Exposure (% NAV) |
|---|---|---|---|---|
| 01 | ICICI Bank LimitedINE090A01021 · long Increased: 0.71% → 3.01% of NAV | Banks | 3.01% | 3.01% |
| 02 | Indus Towers LimitedINE121J01017 · long Reduced: 2.61% → 1.79% of NAV | Telecom - Services | 1.79% | 1.79% |
| 03 | Canara BankINE476A01022 · long Reduced: 2.60% → 1.75% of NAV | Banks | 1.75% | 1.75% |
| 04 | Reliance Industries LimitedINE002A01018 · long Entries: Newly disclosed compared with the previous portfolio | Petroleum Products | 1.51% | 1.51% |
| 05 | HDFC Bank LimitedINE040A01034 · long Reduced: 1.82% → 1.49% of NAV | Banks | 1.49% | 1.49% |
| 06 | Steel Authority of India LimitedINE114A01011 · long Reduced: 1.99% → 1.32% of NAV | Ferrous Metals | 1.32% | 1.32% |
| 07 | Godrej Properties LimitedINE484J01027 · long Reduced: 1.88% → 1.21% of NAV | Realty | 1.21% | 1.21% |
| 08 | TVS Motor Company LimitedINE494B01023 · long Reduced: 1.61% → 1.08% of NAV | Automobiles | 1.08% | 1.08% |
| 09 | State Bank of IndiaINE062A01020 · long Reduced: 1.32% → 0.85% of NAV | Banks | 0.85% | 0.85% |
| 10 | Bharti Airtel LimitedINE397D01024 · long Increased: 0.01% → 0.77% of NAV | Telecom - Services | 0.77% | 0.77% |
| 11 | Adani Power LimitedINE814H01029 · long Reduced: 1.04% → 0.77% of NAV | Power | 0.77% | 0.77% |
| 12 | Adani Energy Solutions LimitedINE931S01010 · long Increased: 0.01% → 0.67% of NAV | Power | 0.67% | 0.67% |
| 13 | Hindustan Zinc LimitedINE267A01025 · long Reduced: 0.81% → 0.55% of NAV | Non - Ferrous Metals | 0.55% | 0.55% |
| 14 | Indian Energy Exchange LimitedINE022Q01020 · long Reduced: 0.85% → 0.54% of NAV | Capital Markets | 0.54% | 0.54% |
| 15 | Bajaj Finance LimitedINE296A01032 · long Increased: 0.30% → 0.48% of NAV | Finance | 0.48% | 0.48% |
| 16 | Hindustan Petroleum Corporation LimitedINE094A01015 · long Reduced: 0.64% → 0.44% of NAV | Petroleum Products | 0.44% | 0.44% |
| 17 | One 97 Communications LimitedINE982J01020 · long Reduced: 0.58% → 0.40% of NAV | Financial Technology (Fintech) | 0.40% | 0.40% |
| 18 | Mahindra & Mahindra LimitedINE101A01026 · long Reduced: 0.56% → 0.36% of NAV | Automobiles | 0.36% | 0.36% |
| 19 | KALYAN JEWELLERS INDIA LIMITEDINE303R01014 · long Reduced: 0.52% → 0.34% of NAV | Consumer Durables | 0.34% | 0.34% |
| 20 | Varun Beverages LimitedINE200M01039 · long Reduced: 0.42% → 0.33% of NAV | Beverages | 0.33% | 0.33% |
| 21 | Container Corporation of India LimitedINE111A01025 · long Reduced: 0.50% → 0.31% of NAV | Transport Services | 0.31% | 0.31% |
| 22 | Dabur India LimitedINE016A01026 · long Reduced: 0.39% → 0.28% of NAV | Personal Products | 0.28% | 0.28% |
| 23 | Crompton Greaves Consumer Electrical LtdINE299U01018 · long Reduced: 0.41% → 0.26% of NAV | Consumer Durables | 0.26% | 0.26% |
| 24 | PB Fintech LimitedINE417T01026 · long Reduced: 0.61% → 0.25% of NAV | Financial Technology (Fintech) | 0.25% | 0.25% |
| 25 | Manappuram Finance LimitedINE522D01027 · long Reduced: 0.37% → 0.25% of NAV | Finance | 0.25% | 0.25% |
| 26 | Bank of IndiaINE084A01016 · long Reduced: 0.38% → 0.25% of NAV | Banks | 0.25% | 0.25% |
| 27 | Jio Financial Services LimitedINE758E01017 · long Reduced: 0.37% → 0.24% of NAV | Finance | 0.24% | 0.24% |
| 28 | Bandhan Bank LimitedINE545U01014 · long Reduced: 0.31% → 0.24% of NAV | Banks | 0.24% | 0.24% |
| 29 | Bajaj Finserv LimitedINE918I01026 · long Reduced: 0.40% → 0.24% of NAV | Finance | 0.24% | 0.24% |
| 30 | Tata Steel LimitedINE081A01020 · long Reduced: 0.34% → 0.24% of NAV | Ferrous Metals | 0.24% | 0.24% |
| 31 | IndusInd Bank LimitedINE095A01012 · long Entries: Newly disclosed compared with the previous portfolio | Banks | 0.20% | 0.20% |
| 32 | Punjab National BankINE160A01022 · long Reduced: 0.26% → 0.18% of NAV | Banks | 0.18% | 0.18% |
| 33 | Ambuja Cements LimitedINE079A01024 · long Reduced: 0.20% → 0.13% of NAV | Cement & Cement Products | 0.13% | 0.13% |
| 34 | Eicher Motors LimitedINE066A01021 · long Reduced: 0.19% → 0.12% of NAV | Automobiles | 0.12% | 0.12% |
| 35 | Aurobindo Pharma LimitedINE406A01037 · long Reduced: 0.15% → 0.11% of NAV | Pharmaceuticals & Biotechnology | 0.11% | 0.11% |
| 36 | Sun Pharmaceutical Industries LimitedINE044A01036 · long Entries: Newly disclosed compared with the previous portfolio | Pharmaceuticals & Biotechnology | 0.11% | 0.11% |
| 37 | HDFC Asset Management Company LimitedINE127D01025 · long Reduced: 0.16% → 0.10% of NAV | Capital Markets | 0.10% | 0.10% |
| 38 | Adani Port & Special Economic Zone LtdINE742F01042 · long Reduced: 0.10% → 0.08% of NAV | Transport Infrastructure | 0.08% | 0.08% |
| 39 | JSW Steel LimitedINE019A01038 · long Reduced: 0.12% → 0.08% of NAV | Ferrous Metals | 0.08% | 0.08% |
| 40 | Bharat Electronics LimitedINE263A01024 · long Reduced: 0.09% → 0.06% of NAV | Aerospace & Defense | 0.06% | 0.06% |
| 41 | The Indian Hotels Company LimitedINE053A01029 · long Reduced: 0.08% → 0.05% of NAV | Leisure Services | 0.05% | 0.05% |
| 42 | Ashok Leyland LimitedINE208A01029 · long Reduced: 0.08% → 0.05% of NAV | Agricultural, Commercial & Construction Vehicles | 0.05% | 0.05% |
| 43 | Godrej Consumer Products LimitedINE102D01028 · long Increased: 0.03% → 0.04% of NAV | Personal Products | 0.04% | 0.04% |
| 44 | Kotak Mahindra Bank LimitedINE237A01036 · long Entries: Newly disclosed compared with the previous portfolio | Banks | 0.04% | 0.04% |
| 45 | Axis Bank LimitedINE238A01034 · long Increased: 0.02% → 0.04% of NAV | Banks | 0.04% | 0.04% |
| 46 | Maruti Suzuki India LimitedINE585B01010 · long Reduced: 0.07% → 0.04% of NAV | Automobiles | 0.04% | 0.04% |
| 47 | The Federal Bank LimitedINE171A01029 · long Increased: 0.02% → 0.04% of NAV | Banks | 0.04% | 0.04% |
| 48 | NTPC LimitedINE733E01010 · long Reduced: 0.05% → 0.03% of NAV | Power | 0.03% | 0.03% |
| 49 | ITC LimitedINE154A01025 · long Increased: 0.00% → 0.03% of NAV | Diversified FMCG | 0.03% | 0.03% |
| 50 | Vishal Mega Mart LimitedINE01EA01019 · long Reduced: 0.05% → 0.03% of NAV | Retailing | 0.03% | 0.03% |
| 51 | UNO Minda LimitedINE405E01023 · long Reduced: 0.03% → 0.02% of NAV | Auto Components | 0.02% | 0.02% |
| 52 | Vodafone Idea LimitedINE669E01016 · long Reduced: 0.04% → 0.02% of NAV | Telecom - Services | 0.02% | 0.02% |
| 53 | Marico LimitedINE196A01026 · long Reduced: 0.02% → 0.01% of NAV | Agricultural Food & other Products | 0.01% | 0.01% |
| 54 | Vedanta LimitedINE205A01025 · long | Diversified Metals | 0.01% | 0.01% |
| 55 | Coal India LimitedINE522F01014 · long Reduced: 0.02% → 0.01% of NAV | Consumable Fuels | 0.01% | 0.01% |
| 56 | Bharat Heavy Electricals LimitedINE257A01026 · long Reduced: 0.02% → 0.01% of NAV | Electrical Equipment | 0.01% | 0.01% |
| 57 | FSN E-Commerce Ventures LimitedINE388Y01029 · long Reduced: 0.02% → 0.01% of NAV | Retailing | 0.01% | 0.01% |
| 58 | Apollo Hospitals Enterprise LimitedINE437A01024 · long | Healthcare Services | 0.01% | 0.01% |
| 59 | TUBE INVESTMENTS OF INDIA LTDINE974X01010 · long Reduced: 0.01% → 0.00% of NAV | Auto Components | 0.00% | 0.00% |
| 60 | National Aluminium Company LimitedINE139A01034 · long Reduced: 0.01% → 0.00% of NAV | Non - Ferrous Metals | 0.00% | 0.00% |
| 61 | SBI Life Insurance Company LimitedINE123W01016 · long Reduced: 0.01% → 0.00% of NAV | Insurance | 0.00% | 0.00% |
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.
The construction in context
- Debt securities: 42.80% of NAV, the largest disclosed asset allocation.
- ICICI Bank Limited (3.01% of NAV); Indus Towers Limited (1.79% of NAV); Canara Bank (1.75% of NAV).
- Banks represents 8.09% of NAV among the disclosed cash-equity lines. Unclassified sectors are excluded.
- 62 derivative lines are explicitly labelled hedging in the captured source. Other lines are not assigned this purpose by inference.
- The supplemental short-futures schedule totals 24.00% of NAV on its detailed exposure basis. The AMC narrative states 23.90%; that difference is retained as a source limitation. These hedges are separate from funded asset allocation.
Movement between the actual disclosure dates
- Listed equity: 26.23% to 23.88% (down 2.35 percentage points).
- Debt securities: 44.43% to 42.80% (down 1.63 percentage points).
- Money market: 14.79% to 3.92% (down 10.87 percentage points).
- Cash and net current assets: -3.61% to -2.44% (up 1.17 percentage points).
- REITs, InvITs and other listed units: 9.02% to 31.84% (up 22.82 percentage points).
- 4 equity entries. Largest disclosed weights: Reliance Industries Limited, IndusInd Bank Limited, Sun Pharmaceutical Industries Limited.
- No equity removals can be established from the comparable disclosed rows.
- ICICI Bank Limited: 0.71% to 3.01% of NAV (increased by 2.30 percentage points).
- Canara Bank: 2.60% to 1.75% of NAV (reduced by 0.85 percentage points).
- Indus Towers Limited: 2.61% to 1.79% of NAV (reduced by 0.82 percentage points).
- Bharti Airtel Limited: 0.01% to 0.77% of NAV (increased by 0.76 percentage points).
- Company changes cover cash equities only. Derivatives and shorts are compared by aggregate percentage on the same measurement basis. The detailed equity table contains every company change.
Reading the strategy
- Debt is the largest allocation. Credit quality and maturity are the key follow-up checks; the allocation percentage alone does not show interest-rate risk.
What the evidence can support
- The latest disclosure has partial fields. Missing fields remain unavailable.
- Changes compare disclosed snapshots; they do not identify actual purchases, sales, turnover or returns.
- Derivative percentages are shown separately from asset weights. No combined gross, net-market or delta-adjusted exposure is inferred.
- A strategy interpretation describes what the holdings may imply; only an AMC statement can establish the manager's intent.
- Compared with the preceding compatible disclosure, using its actual dates.
- The previous 26.18% hedge figure used the AMC-defined existing-assets denominator. It is not compared directly with the latest detailed NAV-based percentage.
Sources & methodology
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.