Jio BlackRock Asset Management has launched Prism Hybrid Long-Short Fund, a Specialised Investment Fund that will invest across equity, debt, derivatives and alternative opportunity sleeves.
The fund is designed to help investors navigate increasingly dynamic markets through a diversified, actively managed long-short strategy. The New Fund Offer will open on June 29 and the minimum investment in this fund is ₹10 lakh.
By combining long positions, limited short exposure through derivatives, fixed income and differentiated investment opportunities such as merger arbitrage, collars strategy (options-based hedging technique), REITs, InvITs and special situations, the strategy aims to deliver improved risk-adjusted returns while maintaining relatively lower portfolio volatility and drawdowns, said the fund house.
The launch comes at a time when Indian equity markets have experienced heightened volatility, and wider dispersion across stocks and market capitalisations.
Against this backdrop, investors are increasingly seeking solutions that can generate returns across different market environments while managing downside risks more effectively.
Sid Swaminathan, Managing Director and CEO, JioBlackRock Asset Management said investors are increasingly looking beyond traditional investment approaches as markets become more dynamic and portfolios become more outcome-oriented.
The Prism Hybrid Long-Short Fund launch is aimed at offering institutional-quality investment capabilities to Indian investors, combining BlackRock’s global systematic investing expertise with deep local market insights to help investors in portfolio diversification, he added.
Rishi Kohli, Chief Investment Officer, JioBlackRock Asset Management said the fund has been designed to identify opportunities across market cycles by combining equity, derivatives, fixed income and differentiated investment sleeves in a disciplined risk management framework.
By actively managing both risk and opportunity, we seek to enhance risk-adjusted returns while reducing the impact of market volatility in a tax efficient manner, he said.