RedHex Hybrid Long-Short Fund: NAV, returns, unhedged exposure and holdings
RedHex Hybrid Long-Short Fund is a hybrid long-short Specialised Investment Fund from HSBC Mutual Fund. Its NAV was Rs 10.2216 on 21 October 2026, +2.01% since it launched on 25 June 2026. No unhedged derivatives in the latest portfolio: any futures or options the fund holds are matched by a share position, or it holds none.
Key facts
| Fund house | HSBC Mutual Fund |
|---|---|
| Brand | RedHex SIF |
| Strategy | Hybrid long-short |
| Plan shown | Regular, Growth |
| Launched | 25 June 2026 |
| NAV on 21 Oct 2026 | Rs 10.2216 |
| Fund size (30 Sep 2026) | Rs 1,504.00 crore |
| Risk band (fund house) | 2 of 5 |
| Holdings | 90 |
| Portfolio turnover | 1.31x |
| Minimum investment | Rs 10 lakh per investor per fund house (SIF rule) |
Returns
| 1 month | -0.06% |
|---|---|
| 3 months | +1.43% |
| Since launch (118 days) | +2.01% |
Returns are absolute and measured on the Regular plan growth NAV from AMFI up to 21 October 2026. The fund is 118 days old, so annualising would mislead.
How the money is invested
| Fixed income | 50.25% |
|---|---|
| Arbitrage (hedged equity) | 23.90% |
| InvITs | 14.13% |
| REITs | 11.72% |
Unhedged derivatives
No unhedged derivatives in the latest portfolio: any futures or options the fund holds are matched by a share position, or it holds none.
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.
Top equity holdings
| Company | Sector | % of net assets |
|---|---|---|
| Cube Highway Trust | InvIT | 4.65% |
| Mindspace Business Parks REIT | REIT | 3.71% |
| IRB InvIT Fund | InvIT | 3.71% |
| Knowledge Realty Trust | REIT | 3.60% |
| ICICI Bank Limited | Banks | 3.01% |
| Embassy Office Parks REIT | REIT | 2.64% |
| Capital Infra Trust InvIT | InvIT | 2.30% |
| Indus Towers Limited | Telecom – Services | 1.79% |
| Bagmane Prime Office REIT | REIT | 1.77% |
| Raajmarg Infra Investment Trust | InvIT | 1.77% |
Top debt holdings
| Security | Rating | % of net assets |
|---|---|---|
| GMR Airports Limited | CRISIL AA- | 4.70% |
| Incred Financial Services Ltd | CRISIL AA- | 3.92% |
| TRIUMPH COMPOSITES PVT LTD | IND AA- | 3.36% |
| NABARD | CRISIL AAA | 3.32% |
| Liquid Gold Series 24 | CRISIL A(SO) | 3.29% |
Sector mix
Banks 8.1%, Telecom – Services 2.6%, Petroleum Products 1.9%, Ferrous Metals 1.6%, Automobiles 1.6%, Other sectors 8.0%.
Frequently asked questions
What is RedHex Hybrid Long-Short Fund?
RedHex Hybrid Long-Short Fund is a Specialised Investment Fund (SIF) from HSBC 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 25 June 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 RedHex Hybrid Long-Short Fund performed?
On 21 October 2026 the NAV was Rs 10.2216, a change of +2.01% since launch 118 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?
No unhedged derivatives in the latest portfolio: any futures or options the fund holds are matched by a share position, or it holds none.
Where does this data come from?
NAV comes from AMFI. Portfolio data comes from the fund house’s monthly disclosure for 30 September 2026 (HSBC 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 HSBC 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.