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ICICI Prudential Mutual Fund
01 SIFPrime research brief
Since the strategy is newly launched, the first review should focus on mandate width, benchmark fit, specialist team depth, liquidity rules, TER and the Level 5 risk profile before NAV history becomes meaningful.
Current NAV
₹10.0839
NAV date pending
Core idea
Active allocator
Multi asset
Team depth
6 managers
Research team mapped
Risk label
Very High
Read with the risk framework
02 Daily NAV performance
Every published daily point is plotted; choose a period to inspect the path.
Since inception
+0.87%
NAV history will appear after regular publications.
NFO and newly listed SIFs may have limited history.
Monthly returns
Compact month-by-month performance (%)
03 Portfolio intelligence
Equity, derivatives, debt and supplemental hedge disclosures stay separate so the source can be read without mixing measurement bases.
Portfolio sleeves
Listed equity
longequity shareAll rows stay inside this fixed view. Scroll to inspect long and short positions without changing the page layout.
This view is normalized from the official AMC workbook. Derivative market value, notional exposure and regulatory gross exposure can use different measurement bases, so the source statement remains controlling.
03 Portfolio construction
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, including derivatives
Min
35%
Max
80%
Primary growth sleeve, adjusted by market regime
Debt, money market, debt MF and exchange-traded commodity derivatives
Min
10%
Max
55%
Debt, liquidity and gold/silver derivative allocation share this sleeve
Units of InvITs
Min
0%
Max
10%
Infrastructure trust exposure where the strategy permits
Overseas securities
Min
0%
Max
20%
Subject to scheme document and regulatory limits
04 Fund managers
The team structure matters here because an active allocator mandate needs asset-class judgment, risk controls and execution discipline across multiple sleeves.
Equity
Age 37 · CFA, CA, B.Com
With ICICI Prudential AMC since April 2011. Manages equity and hybrid schemes with derivatives exposure and previously worked as an investment analyst inside the AMC.
Economics and Strategy
Age 30 · Chartered Accountant, BAF
Joined ICICI Prudential AMC in September 2016. Focuses on economics research, strategy research and business-cycle research across ICICI Prudential schemes.
Co-Manager
ICICI Prudential AMC team
Part of the iSIF management team alongside the lead portfolio managers, supporting cross-asset implementation and oversight.
Debt
Senior fixed-income portfolio manager
Manages the debt sleeve. One of ICICI Prudential's senior fixed-income managers across multiple flagship schemes.
Credit
ICICI Prudential AMC credit team
Covers credit and fixed-income selection for the rated debt portion of the strategy.
Commodities
ICICI Prudential AMC commodities team
Manages the commodity derivatives sleeve, including gold and silver through exchange-traded derivatives.
Team lens
Review how equity, debt, arbitrage and hedging decisions are coordinated across the full mandate, not as isolated manager sleeves.
05 Risk framework
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.
SIF NAVs can fall with equity, debt, liquidity and sentiment shocks. Hedging can reduce drawdowns but cannot remove market 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.
Many SIFs are interval strategies. Redemption windows, settlement time and underlying portfolio liquidity matter before allocating capital.
Active asset allocation depends on regime detection. Wrong timing can reduce participation or increase drawdowns.
Potential fit
multi-asset diversification
one-stop allocation
gold + silver exposure
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
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
Read the governing documents alongside the costs, liquidity and settlement terms that affect the actual investor experience.
What to read
Investment Strategy Information Document
Primary strategy document for mandate, asset-allocation bands, risk factors, benchmark and operating terms.
Key Information Memorandum
Quick-reference summary, application information and scheme-level investor disclosures.
Statement of Additional Information
Legal terms, taxation, AMC/trustee details, risk factors and investor-rights disclosures.
Monthly factsheet and portfolio disclosure
NAV, TER, holdings and portfolio updates once regular publications are available.
Investor terms
Allotment / inception
15 Jun 2026
TER regular
2.10%
Exit load
1% if redeemed within 12 months
Redemption frequency
Twice weekly (Mon, Wed)
Settlement
T+3
Plans / options
Direct and Regular, Growth option
Treat the SID and latest factsheet as controlling sources whenever a website summary and official disclosure differ.
In context
Compare this fund with nearby SIFs in the same category or mandate family before deciding allocation size.
SIFPrime view
iSIF AAA is the second active asset allocator SIF in India, after Dyna AAA from 360 ONE. Both differ from typical equity long-short and hybrid long-short structures, but iSIF goes further by adding gold and silver via commodity derivatives.
The composite benchmark tells you exactly what the strategy is trying to deliver: a diversified multi-asset experience that does not only sit in equity versus debt. This is the closest a SIF has come to an institutional multi-asset mandate.
ICICI Prudential brings depth across asset classes. Manish Banthia and Akhil Kakkar cover fixed income and credit, Gaurav Chikane brings commodity expertise, Ihab Dalwai leads equity and Sharmila D'silva covers economics and strategy. A six-PM team is unusual, but appropriate for a cross-asset mandate.
Risk Band Level 5 means this is not a defensive product. The 35-80% equity range can still produce meaningful drawdowns, though the multi-asset rotation is designed to reduce single-asset dependency.
This is best suited for HNI investors looking for one-stop multi-asset SIF exposure or investors who want to delegate asset allocation to an active manager. It is not a substitute for a pure equity long-short SIF if the goal is specifically hedged equity alpha.
Disclaimer. The information above is based on publicly available scheme documents, SIFPrime research notes and NAV data where available for iSIF Active Asset Allocator 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: Very High. Investments in SIFs involve relatively higher risk including possible loss of capital, liquidity risk and market volatility.
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Investor questions