HSBC Mutual Fund today opened the New Fund Offer for the RedHex Hybrid Long-Short Fund, its first product under the newly launched RedHex SIF platform. The NFO will remain open until 16 June 2026, marking HSBC's formal entry into India's Specialised Investment Fund category.
Fund details at a glance
Element | Detail |
|---|---|
Fund name | RedHex Hybrid Long-Short Fund |
NFO window | 2 – 16 June 2026 |
Structure | Interval investment fund |
Minimum investment | ₹10 lakh (₹1 lakh for Accredited Investors) |
Benchmark | NIFTY 50 Hybrid Composite Debt 50:50 Index |
Asset classes | Fixed income, equity arbitrage, REITs, InvITs |
The fund's stated approach uses a roughly 50:50 allocation split across debt, REITs/InvITs, and equity arbitrage, targeting steady, accrual-led returns with relatively low volatility. According to the AMC, the strategy combines consistent credit exposure, active liquidity management and disciplined risk controls, with the aim of generating healthy absolute income while limiting downside risk — a design intended to deliver a smoother investing experience across different market conditions rather than depending on directional market calls.
Shriram Ramanathan, CIO – Fixed Income at HSBC Mutual Fund, said the fund's focus is on robust credit selection and risk controls, aiming to deliver high accrual potential with lower volatility across market cycles. He added that the fund also aims to take measured exposure to REITs and InvITs, both of which he described as growing asset classes within India's investment landscape.
Subscriptions and redemptions As an interval fund, RedHex Hybrid Long-Short Fund allows subscriptions on any business day, while redemptions are processed through a weekly window — applications received before the Monday cut-off are processed at the NAV applicable at the end of that notice period, with later applications rolled into the following week's cycle. This structure is broadly consistent with how other interval-structured hybrid SIFs in the market operate, designed to give fund managers a predictable liquidity runway for executing the strategy's credit and arbitrage positions.
Kailash Kulkarni reiterated that RedHex is designed as a practical middle ground for investors — offering the clarity they expect from mutual funds, combined with the added flexibility of a product engineered to be less volatile while pursuing superior, tax-efficient, risk-adjusted returns.