Prism Hybrid Long-Short Fund: NAV, returns, unhedged exposure and holdings
Prism Hybrid Long-Short Fund is a hybrid long-short Specialised Investment Fund from Jio BlackRock Mutual Fund. Its NAV was Rs 10.2063 on 21 October 2026, +1.93% since it launched on 23 July 2026. Unhedged derivatives: 9.98% of net assets across 2 positions. 0.00% is long (betting on a rise), 9.98% is short (betting on a fall).
Key facts
| Fund house | Jio BlackRock Mutual Fund |
|---|---|
| Brand | Prism SIF |
| Strategy | Hybrid long-short |
| Plan shown | Regular, Growth |
| Launched | 23 July 2026 |
| NAV on 21 Oct 2026 | Rs 10.2063 |
| Fund size (30 Sep 2026) | Rs 458.54 crore |
| Risk band (fund house) | 1 of 5 |
| Holdings | 150 |
| Portfolio turnover | 1.55x |
| Minimum investment | Rs 10 lakh per investor per fund house (SIF rule) |
Returns
| 1 month | -0.06% |
|---|---|
| Since launch (90 days) | +1.93% |
Returns are absolute and measured on the Regular plan growth NAV from AMFI up to 21 October 2026. The fund is 90 days old, so annualising would mislead.
How the money is invested
| Collar strategy | 30.80% |
|---|---|
| Fixed income | 51.53% |
| Merger arbitrage | 9.80% |
| REITs and InvITs | 6.37% |
| Special situations | 1.50% |
Unhedged derivatives
Unhedged derivatives: 9.98% of net assets across 2 positions. 0.00% is long (betting on a rise), 9.98% is short (betting on a fall).
What does this mean? Derivatives are contracts whose value moves with a share or an index. A long position gains if prices rise and a short position gains if they fall. “Unhedged” means the position is not matched by a share holding in the fund.
| Position | Sector | % of net assets |
|---|---|---|
| Ambuja Cements Ltd (futures) | Cement & Cement Products | -7.19% |
| Indian Hotels Co Ltd (futures) | Leisure Services | -2.79% |
Futures the fund is not using to hedge a holding, as % of net assets, as Prism’s own workbook classes them (its non-hedging total is 9.98%). Ambuja Cements: the fund holds only 4,800 shares against a short future of 884,400 shares, so just the 0.04% that covers the holding is a hedge and the rest (7.19%) is a short position. Indian Hotels: the 68,000 shares held are already covered by calls written on them, and Prism lists the whole short future (2.79%) as non-hedging. Not counted: the Nifty and Bank Nifty long futures (4.69%), which Prism lists as hedging positions, short futures against holdings, covered calls and protective puts.
Top equity holdings
| Company | Sector | % of net assets |
|---|---|---|
| Orient Cement Ltd | Cement & Cement Products | 4.36% |
| Knowledge Realty Trust | REIT | 3.37% |
| ACC Ltd | Cement & Cement Products | 2.59% |
| Oriental Hotels Ltd | Leisure Services | 2.53% |
| Life Insurance Corporation Of India | Insurance | 1.50% |
| Irb Invit Fund | InvIT | 1.11% |
| Tata Steel Ltd | Ferrous Metals | 1.09% |
| Sona Blw Precision Forgings Ltd | Auto Components | 1.09% |
| Axis Bank Ltd | Banks | 1.09% |
| Punjab National Bank | Banks | 1.08% |
Top debt holdings
| Security | Rating | % of net assets |
|---|---|---|
| 7.48% National Bank For Agriculture & Rural Development (15-Sep-2028) | CRISIL AAA | 5.42% |
| 7.9% Bajaj Finance Ltd (13-Apr-2028) | CRISIL AAA | 4.34% |
| 8.2% Tata Capital Housing Finance Ltd (25-Sep-2029) | CRISIL AAA | 3.27% |
| 8.12% L&T Finance Ltd (29-Jun-2029) | CRISIL AAA | 3.26% |
| 7.7% National Bank For Agriculture & Rural Development (30-Sep-2027) | CRISIL AAA | 2.18% |
Sector mix
Cement & Cement Products 7.0%, Banks 6.5%, Leisure Services 3.6%, Pharmaceuticals & Biotechnology 3.1%, Petroleum Products 2.5%, Other sectors 19.9%.
Frequently asked questions
What is Prism Hybrid Long-Short Fund?
Prism Hybrid Long-Short Fund is a Specialised Investment Fund (SIF) from Jio BlackRock Mutual Fund. It follows a hybrid long-short strategy, which means it can hold shares it expects to rise and take short positions through derivatives. It launched on 23 July 2026.
What is the minimum investment?
SIFs need at least Rs 10 lakh per investor per fund house, across that fund house’s SIF strategies. Check the scheme’s offer documents for any further rules.
How has Prism Hybrid Long-Short Fund performed?
On 21 October 2026 the NAV was Rs 10.2063, a change of +1.93% since launch 90 days earlier. This is a short record, so it says little about how the fund behaves over a full market cycle. Past returns do not predict future returns.
Does the fund hold unhedged derivatives?
Yes. Unhedged derivatives: 9.98% of net assets across 2 positions. 0.00% is long (betting on a rise), 9.98% is short (betting on a fall).
Where does this data come from?
NAV comes from AMFI. Portfolio data comes from the fund house’s monthly disclosure for 30 September 2026 (Jio BlackRock Mutual Fund monthly portfolio disclosure). We check it daily and note the date on every figure.
Compare and explore
Other hybrid long-short funds
- qsif Hybrid Long-Short Fund
- Altiva Hybrid Long-Short Fund
- Magnum Hybrid Long-Short Fund
- Titanium Hybrid Long-Short Fund
- Arudha Hybrid Long-Short Fund
Data as of 30 September 2026 (portfolio) and 21 October 2026 (NAV). Sources: AMFI and Jio BlackRock Mutual Fund monthly disclosures. This page is information, not advice, and no return is promised. Ashish Jain, AMFI-registered mutual fund distributor, ARN-294841. Mutual fund investments are subject to market risks; read all scheme related documents carefully.