HSBC Mutual Fund’s RedHex Hybrid Long‑Short Fund Achieves ₹1,000 Crore AUM
On September 2 2026, HSBC Mutual Fund announced from Mumbai that its RedHex Hybrid Long‑Short Fund, launched in June 2026 as a Specialised Investment Fund (SIF) strategy, has crossed the ₹1,000 crore assets‑under‑management (AUM) mark within just two months of listing. The AUM figure and folio count are based on data as of August 25 2026, when the fund recorded approximately 1,950 unique folios participating in the strategy.
The fund adopts a hybrid long‑short approach, allocating capital across multiple asset classes, specifically fixed income, equity arbitrage, real‑estate investment trusts (REITs) and infrastructure investment trusts (INVITs). Its investment objective is to deliver strong accrual potential with relatively low volatility, seeking risk‑adjusted income that is tax‑efficient. Performance is measured against the NIFTY 50 Hybrid Composite Debt 50:50 Index.
CEO Kailash Kulkarni stated that investor preferences are evolving toward solutions that combine the transparency and discipline of mutual funds with greater portfolio flexibility and diversification, and that the ₹1,000 crore AUM milestone reflects this shifting demand and the growing relevance of the SIF category. CIO Shriram Ramanathan added that the fund’s disciplined asset‑allocation framework, robust credit selection, and prudent risk management underpin its aim to generate consistent risk‑adjusted outcomes across market cycles, while keeping overall volatility relatively low.
The launch of RedHex SIF comes amid an expanding SIF landscape in India, where investors are seeking intermediate‑ticket products positioned between traditional mutual funds and higher‑ticket offerings such as portfolio management services (PMS) and alternative investment funds (AIFs). The fund is presented as an intermediate solution that offers regulatory transparency akin to mutual funds together with enhanced portfolio flexibility.
For further details, HSBC Mutual Fund provides a product note and additional resources through its Knowledge Centre, and includes the standard disclaimer that past performance may not be indicative of future results and that investors should review the Investment Strategy Information Document (ISID) for comprehensive information.