Jio BlackRock Mutual Fund has launched the Prism Hybrid Long Short Fund, the first investment strategy under its Specialised Investment Fund (SIF) platform, Prism SIF.
The New Fund Offer (NFO) opens on 29-June-2026 and closes on 13-July-2026. The investment strategy will reopen for subscriptions within five business days from the allotment date.
The strategy is designed for investors seeking a professionally managed hybrid portfolio that combines equity, debt and selected derivative strategies while aiming to reduce portfolio volatility over the long term.
Prism Hybrid Long Short Fund: NFO Details
| Particular | Details |
| Fund name | Prism Hybrid Long Short Fund |
| Fund type | Interval investment strategy |
| Category | Hybrid Long Short Fund |
| Benchmark | Nifty 50 Hybrid Composite Debt 50:50 Index (TRI) |
| Fund managers | Arun Ramachandran, Tanvi Kacheria, Siddharth Deb, Virendra Kumar |
| NFO opens | 29-June-2026 |
| NFO closes | 13-July-2026 |
| Reopening | 21-July-2026 |
| Minimum investment | ₹10 lakh |
| Additional investment | ₹10,000 |
| SIP | ₹10,000 |
| NAV during NFO | ₹10 |
| Stamp duty | 0.005% |
| Entry load | Nil |
| Exit load | Nil |
Company details
| Particular | Details |
| AMC | Jio BlackRock Asset Management Private Limited |
| AUM | ₹ 15,931 Crores |
| Website | www.jioblackrockamc.com |
| service.prismsif@jioblackrockamc.com | |
| Address | Unit No.1301, 13th Floor, Altimus Building, Plot No.130, Worli Estate, Pandurang Budhkar Marg, Worli, Mumbai 400018 |
| Contact | +91 22 35207700 / +91 22 69987700 |
Source: AMFI India : New fund offer
What has Jio BlackRock launched?
The Prism Hybrid Long Short Fund is an interval investment strategy offered under Prism SIF. The fund invests across equity, debt and money market instruments while also using selected derivative strategies, including limited short positions.
The fund may also invest in REITs, InvITs and special investment opportunities such as merger arbitrage, IPOs and corporate actions. The portfolio will be actively managed and rebalanced based on market conditions.
How does the strategy work?
This strategy combines multiple investment approaches within one portfolio unlike a traditional hybrid fund.
The equity portion seeks long term growth, while debt investments aim to generate regular income and improve stability.
Derivative strategies such as collar trades, merger arbitrage and cash futures arbitrage may be used to manage risk, capture market opportunities and potentially reduce volatility.
The portfolio may generally allocate:
- 35% to 75% in equity and equity related instruments
- 25% to 65% in debt and money market instruments
- Up to 25% short exposure through derivatives
- Up to 20% in InvITs
Strategy process
| Step | What happens? |
| 1 | Invests across equity and debt securities |
| 2 | Identifies market opportunities through active research |
| 3 | Uses derivative strategies for hedging, arbitrage and limited short exposure |
| 4 | Invests selectively in IPOs, REITs, InvITs and special situations |
| 5 | Continuously rebalances the portfolio based on market conditions and risk |
Let’s see through an example
Suppose equity markets become volatile after a sharp rally.
Instead of relying only on stock selection, the fund manager may continue holding quality companies while using derivative strategies to protect part of the downside.
At the same time, debt investments may continue generating income, helping reduce the impact of market fluctuations on the overall portfolio.
Potential benefits
| Potential benefit | Why does it matter? |
| Diversified portfolio | Exposure across multiple asset classes |
| Active management | Portfolio adapts to changing market conditions |
| Multiple return sources | Returns may come from equity, debt and arbitrage opportunities |
| Risk management | Derivatives may help manage downside risk |
| Professional portfolio construction | Managed by an experienced investment team |
What are the key risks?
| Risk | What does it mean? |
| Market risk | Equity prices may fall |
| Interest rate risk | Debt investments may lose value when rates rise |
| Derivative risk | Strategies may not perform as expected |
| Liquidity risk | Being an interval strategy, redemptions follow the permitted schedule |
| Credit risk | Debt issuers may fail to meet payment obligations |
| Portfolio strategy risk | Active investment decisions may not deliver desired outcomes |
Who may consider this fund?
| Investor type | Why? |
| Experienced investors | Comfortable with hybrid and derivative based strategies |
| Long term investors | Seeking capital appreciation over several years |
| High net worth investors | Able to meet the minimum investment requirement |
| Investors seeking diversification | Looking beyond traditional equity or debt funds |
Who may not find it suitable?
| Investor type | Why? |
| Conservative investors | May prefer simpler investment products |
| Investors needing daily liquidity | This is an interval investment strategy |
| First time mutual fund investors | The strategy may be relatively complex |
| Investors with short investment horizons | The strategy is intended for long term investing |
Prism Hybrid Long Short Fund vs traditional investment options
| Investment option | Return potential | Risk | Complexity |
| Fixed Deposit | Low | Low | Low |
| Debt Mutual Fund | Low to Moderate | Low to Moderate | Low |
| Hybrid Mutual Fund | Moderate | Moderate | Moderate |
| Equity Mutual Fund | High | High | Moderate |
| Prism Hybrid Long Short Fund | Moderate to High | Moderate to High | High |
Zenith Finserve’s view
The Prism Hybrid Long Short Fund introduces a more sophisticated investment approach than traditional mutual funds by combining equity, debt and derivative based strategies within a single portfolio.
The diversified approach and active risk management may appeal to experienced investors, but the strategy also carries additional complexity and higher risks associated with Specialised Investment Funds.
You should evaluate the product based on your financial goals, investment horizon, liquidity needs and overall portfolio before making any investment decision.
How can Zenith Finserve help?
At Zenith Finserve, we follow a process-driven investment framework.
We assess your goals, cash flows, risk profile, time horizon, existing investments, loans, and tax situation before suggesting investments.
We align our investment suggestions to match your needs.
Then, we review them periodically to keep them aligned with your changing life and financial position.
Frequently asked questions
What is the minimum investment during the NFO?
The minimum investment during the NFO is ₹10 lakh.
Is this an open ended mutual fund?
No. It is an interval investment strategy under Prism SIF.What is the investment objective?
To seek long term capital appreciation along with income generation.Does the strategy invest only in equities?
No. It invests across equity, debt, money market instruments and selected derivative strategies.Is SIP available?
Yes. SIP is available subject to the conditions specified in the ISID.Is there any entry or exit load?
There is no entry load or exit load.Who manages the investment strategy?
Arun Ramachandran, Tanvi Kacheria, Siddharth Deb and Virendra Kumar.Does the strategy have a past performance record?
No. This is a new investment strategy and does not have any historical performance.
