Mahindra Manulife debuts equity long-short fund on new SIF platform
What's the deal? Mahindra Manulife Mutual Fund has launched the MSIF Equity Long-Short Fund, an open-ended equity strategy under its Specialized Investment Fund (SIF) platform. The New Fund Offer runs through September 30 and October 14, with continuous sale and repurchase reopening from October 26.
The details: The fund will be managed by Abhishek Jaiswal and Aalap Shah, who bring experience in Indian equities, derivatives, and long-short strategies. It offers Regular and Direct plans, each with Growth and Income Distribution cum Capital Withdrawal options.
Who can invest? The minimum investment is US$13.6K. Accredited investors can enter with a minimum of US$1.36K.
The signal: The launch marks Mahindra Manulife's entry into the SIF space, a newer category letting fund managers run long-short strategies once limited to alternative vehicles. It signals growing appetite for more sophisticated equity products among India's affluent investors.
Read more: assets.thehansindia.com
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