ICICI Prudential Launches iSIF: New Investment Platform for Affluent Investors

• ICICI Prudential Mutual Fund files draft documents with SEBI for iSIF, a Specialized Investment Fund (SIF) platform for affluent investors.
• SIFs are a new SEBI-regulated category, offering greater portfolio flexibility than traditional MFs, requiring a minimum ₹10 lakh investment.
• iSIF will feature strategies like Equity Ex-Top 100 Long-Short Fund (mid/small-cap focus) and a hybrid long-short strategy.
• These strategies allow limited short positions via derivatives, capped at 25% of net assets, within a regulated mutual fund-like structure.
• Managed by ICICI Prudential's existing fund teams, iSIF offers sophisticated strategies with daily subscriptions and varying redemption frequencies.

Why It Matters: ICICI Prudential pioneers SEBI's SIF framework, offering sophisticated investment options for high-net-worth individuals.