DR
Dwaipayan Ray
Mandate teamHybrid Long Short strategy
AlphaGrep Mutual Fund
FundsEminence Hybrid Long Short
AL
AlphaGrep Mutual Fund
Eminence Hybrid Long Short Fund
NFO open · 14 Oct 2026–28 Oct 2026
Hybrid Long ShortNet long 25-75% equity and 25-75% debt or money market; unhedged derivative shorts up to 25%
01 SIFPrime research brief
A hybrid long-short SIF with equity participation and defensive sleeves.
Seek capital appreciation through equity and equity-related instruments and income through arbitrage, derivative strategies, special situations and fixed-income investments.
Current NAV
Pending
NAV date pending
Core idea
Hybrid L/S
Hybrid long short
Team depth
4 managers
Research team mapped
Risk label
AMFI Risk Band Level 2
Read with the risk framework
Research uses Direct Growth NAV history. Orders on SIFPrime use Regular Growth; the order ticket identifies the execution plan.
Loading selected-plan performance…
History unavailable · Source & calculation
NAV source temporarily unavailable · Scheme pending · Growth option
Observed — to — · 0 daily NAVs.
Absolute return = (end NAV ÷ start NAV − 1) × 100. Returns are not annualized. 1M / 3M / 6M use 30 / 91 / 182 days and the last NAV on or before the cutoff. YTD starts at the last prior-year NAV, or inception for a new fund.
Complete inception history is not available. Since-inception return is withheld.
Max drawdown needs at least two valid daily NAV observations.
Sharpe assumption: 5.3324% annual risk-free rate, observed 2026-07-17. Risk metrics use 0 daily returns from — to —.
Snapshot checked 2026-10-16 07:48:34 UTC. The NAV date above is the valuation date; this is not a live price.
1M: Insufficient history → —
3M: Insufficient history → —
YTD: Insufficient history → —
02 Daily NAV performance
Daily NAV movement and returns
Every published daily point is plotted; choose a period to inspect the path.
Since inception
—
0 NAV points
NAV history will appear after regular publications.
NFO and newly listed SIFs may have limited history.
Monthly returns
Selected-plan absolute returns (%). First month is since inception; latest month is to the displayed NAV date.
Monthly returns will appear after regular NAV publications.
Risk-adjusted performance
Observed daily NAV risk metrics
Annualized from Direct Growth NAV returns using 252 trading days. A minimum of 20 daily returns is required.
Volatility
--
Sharpe ratio
--
Daily returns
0
Observation period
NAV history pending
0 daily returns are available. Metrics will appear automatically when the 20-return threshold is reached.
03 Portfolio intelligence
Tracking Eminence Hybrid Long Short Fund
Portfolio disclosure pending
Subscriptions are open and portfolio holdings are not published during the NFO. Verified holdings will appear here after allotment and the AMC's first disclosure.
Fund phase
NFO subscription
Holdings status
Not yet published
Page update
After first disclosure
03 Portfolio construction
Asset allocation bands
Scheme-filed allocation limits show where the strategy can invest. Actual weights vary with the portfolio disclosure date and fund-manager view.
Equity and equity-related instruments
Min
25%
Max
75%
Scheme-filed mandate limit; not actual portfolio weight
Debt and money-market instruments
Min
25%
Max
75%
Scheme-filed mandate limit; not actual portfolio weight
InvITs
Min
0%
Max
20%
Scheme-filed mandate limit; not actual portfolio weight
Benchmark: NIFTY 50 Hybrid Composite Debt 50:50 Index (TRI)
04 Fund managers
4 fund managers across the mandate
The manager setup should be reviewed for how equity, debt, arbitrage and hedging decisions are coordinated inside the hybrid long-short mandate.
RS
Ravneet Singh
Mandate teamHybrid Long Short strategy
AlphaGrep Mutual Fund
AJ
Ashish Jain
Mandate teamHybrid Long Short strategy
AlphaGrep Mutual Fund
RS
Ramesh S
Mandate teamHybrid Long Short strategy
AlphaGrep Mutual Fund
Team lens
Review how equity, debt, arbitrage and hedging decisions are coordinated across the full mandate, not as isolated manager sleeves.
05 Risk framework
Where the strategy can break
Read each risk as an operating condition to monitor. Hedging can change the shape of drawdowns, but it does not remove market, liquidity or execution risk.
01
Market risk
SIF NAVs can fall with equity, debt, liquidity and sentiment shocks. Hedging can reduce drawdowns but cannot remove market risk.
02
Derivative and short risk
Futures and options can amplify gains and losses. Unhedged short exposure is capped by the SEBI SIF framework but still needs active risk control.
03
Liquidity and redemption risk
Many SIFs are interval strategies. Redemption windows, settlement time and underlying portfolio liquidity matter before allocating capital.
04
Debt sleeve risk
Debt and money-market instruments add interest-rate, credit-spread and issuer risks even when the strategy is equity-linked.
05
Hedge basis risk
Cash-future, options and covered-call overlays can behave differently from the underlying equity book in volatile markets.
Potential fit
Investors assessing an interval hybrid strategy
Investors able to evaluate derivative, equity and fixed-income risks
Investors comfortable with scheme-defined liquidity
Mismatch signals
Capital preservation or guaranteed return expectations
A need for daily redemption flexibility
A short holding period sensitive to exit load and NAV seasoning
An assumption that derivatives always reduce downside
Monitoring checklist
What should change your view
Daily NAV behavior through stressed markets
Portfolio sleeves versus the filed mandate
TER drift across Regular and Direct plans
Liquidity and hedge behavior across disclosures
06 Due diligence desk
Documents and operating terms
Read the governing documents alongside the costs, liquidity and settlement terms that affect the actual investor experience.
What to read
Official disclosure checklist
01
Official ISID
Official source document for this SIF.
Direct download not yet verified. Consult the AMC for the current document.
02
Eminence SIF
Official source document for this SIF.
Direct download not yet verified. Consult the AMC for the current document.
03
AlphaGrep Mutual Fund
Official source document for this SIF.
Direct download not yet verified. Consult the AMC for the current document.
Investor terms
Cost and access snapshot
Allotment / inception
Pending official allotment
TER regular
As per SID
Exit load
0.50% on or before 30 days from allotment; Nil thereafter
Redemption frequency
Every Monday and Wednesday (next business day if a holiday)
Settlement
Within 3 business days
Plans / options
Direct and Regular, Growth option
NFO opened
14 Oct 2026
NFO closes
28 Oct 2026
Treat the SID and latest factsheet as controlling sources whenever a website summary and official disclosure differ.
In context
Comparable Hybrid Long Short SIFs in India
Compare this fund with nearby SIFs in the same category or mandate family before deciding allocation size.
FundFund houseMandateStatus
Fund
Eminence Hybrid Long Short Fund
Fund house
AlphaGrep Mutual Fund
Mandate
Hybrid long short
NFO
Fund
Altiva Hybrid Long-Short
Fund house
Edelweiss Mutual Fund
Mandate
Multi strategy
Live
Fund
Magnum Hybrid Long-Short
Fund house
SBI Mutual Fund
Mandate
Pure long short
Live
Fund
qSIF Hybrid Long-Short
Fund house
Quant Mutual Fund
Mandate
Quantitative
Live
Fund
Titanium Hybrid Long-Short
Fund house
Tata Mutual Fund
Mandate
Pure long short
Live
SIFPrime view
How we are thinking about Eminence Hybrid Long Short
- 01
Seek capital appreciation through equity and equity-related instruments and income through arbitrage, derivative strategies, special situations and fixed-income investments.
- 02
NFO-stage label that may change after actual investments are made. Equity, fixed-income, derivative, liquidity and counterparty risks can cause losses.
Disclaimer. The information above is based on publicly available scheme documents, SIFPrime research notes and NAV data where available for Eminence Hybrid Long Short Fund. SIFPrime is an AMFI-registered mutual fund distributor and does not provide investment advice. SIFs are subject to market risk; please read the SID/SAI carefully before investing.
Risk label: AMFI Risk Band Level 2. Investments in SIFs involve relatively higher risk including possible loss of capital, liquidity risk and market volatility.
