Synopsis: Hybrid SIFs combine equity, debt and advanced strategies to offer more flexibility than traditional hybrid mutual funds. This article lists the 5 top Hybrid Long Short SIFs, benefits, risks and suitability for investors.
Hybrid Specialised Investment Funds (Hybrid SIFs) comprise a mix of equities, debt, and other allowable assets but provide more flexibility compared to hybrid mutual funds. Contrary to hybrid funds, hybrid specialised investment funds give an opportunity to allocate portfolios dynamically depending on the market environment.
Under SEBI’s framework, Hybrid Long Short SIFs can allocate 25%–75% to equity and equity-related instruments, 25%–75% to debt and money market instruments, and up to 20% to REITs and InvITs. These funds may also use strategies such as long-short investing and derivative-based hedging to manage risks and improve returns.
Top Hybrid Long Short SIFs in India Based on Returns Since Inception
1. Altiva Hybrid Long Short Fund
- NAV: ₹10.91
- Expense Ratio: 0.50%
- Return Since Inception: 9.08%
- Minimum SIP: ₹1,000
- Exit Load: 0.5% if redeemed within 30 days
- AMC: Edelweiss Mutual Fund, under the “Altiva SIF” brand
2. qsif Hybrid Long Short Fund
- NAV: ₹10.79
- Expense Ratio: 0.56%
- Return Since Inception: 7.86%
- Minimum SIP: ₹1,000
- Exit Load: 1% if redeemed within 15 days
- AMC: Quant Mutual Fund, under the “QSIF” brand
3. Magnum Hybrid Long Short Fund
- NAV: ₹10.54
- Expense Ratio: 0.40%
- Return Since Inception: 5.40%
- Minimum SIP: ₹10,000
- Exit Load: 0.50% upto 15 days, 0.25% 16 days to 30 days, No Exit Load after 30 days
- AMC: SBI Mutual Fund, under the “Magnum SIF” brand
4. Apex Hybrid Long Short Fund
- NAV: ₹10.38
- Expense Ratio: 0.40%
- Return Since Inception: 3.83%
- Minimum SIP: ₹10,000
- Exit Load: 0.50% if redeemed within 90 days
- AMC: Aditya Birla Sun Life AMC, under the “Apex SIF” brand
5. Arudha Hybrid Long Short Fund
- NAV: ₹10.34
- Expense Ratio: 0.25%
- Return Since Inception: 3.38%
- Minimum SIP: ₹10,000
- Exit Load: 0.30%
- AMC: Bandhan Mutual Fund, under the “Arudha SIF” brand
Note: NAV, expense ratio and exit load data are sourced from Groww. Data as of 17th July 2026.
Also Read: Top 5 Conservative Hybrid Mutual Funds Based on 3-Year Returns in 2026: Parag Parikh, SBI and More
Minimum Investment Requirement for Hybrid SIFs
Under SEBI guidelines, investors need a minimum investment of ₹10 lakh across SIF strategies managed by an AMC. However, SIP investment options may be available as per individual fund house rules.
Why Are Hybrid SIFs Becoming Popular?
- Middle Ground between Mutual Funds and PMS: More flexible than mutual funds but more accessible than PMS schemes.
- Access to Advanced Strategies: Gives facility to apply advanced investment strategies such as long and short investments and hedge.
- Risk Management Approach: Makes use of the combination of equity, debt, and hedging techniques to cope with market risks.
- Portfolio Diversification: Exposes investors to various asset classes other than equity and debt schemes.
Hybrid SIF vs Hybrid Mutual Funds
Risks of Hybrid SIFs
- Hybrid SIFs are a new investment category with limited long-term performance history.
- These funds use advanced strategies like derivatives and long-short investing, which can be complex to understand.
- Returns are market-linked and are not guaranteed, even with risk management strategies.
- Higher minimum investment requirements may make them less suitable for small investors.
Who Should Invest in Hybrid SIFs?
Hybrid SIFs can be suitable for investors who are experienced and have a large investment portfolio. It can be used by investors who are looking to diversify their investments and have the capability to withstand medium level market risk. They can be unsuitable for novices or investors expecting guaranteed returns.
