ICICI Prudential AMC has announced the launch of two specialized investment funds in the specialised investment fund (SIF) space, marking a significant expansion into alternative investment strategies. According to Business Standard, the two schemes — iSIF Active Asset Allocator Long-Short Fund and iSIF Equity Long-Short Fund — aim to provide more adaptive portfolio construction frameworks with long-short positioning and derivatives-based risk management. This launch complements the fund house's earlier filing of three new open-ended index ETFs targeting pharma, power, and small-cap segments, demonstrating a comprehensive strategy to capture diverse market opportunities.
The fund house continues its sectoral expansion with ICICI Prudential Nifty Pharma ETF and ICICI Prudential BSE Power ETF, each targeting specific market segments. As reported by Personal Finance News, the Nifty Pharma ETF will track the Nifty Pharma closing Index at 1/1000th value, while the BSE Power ETF will track the BSE Power closing Index at 1/100th value. Both funds feature nil entry and exit loads and seek to collect a minimum target amount of ₹5 crore during their respective New Fund Offer (NFO) periods. The BSE Power ETF has now filed its offer document with SEBI, as confirmed by the latest regulatory filings.
The third offering remains the ICICI Prudential Nifty Smallcap 250 ETF, which will provide exposure to the broader small-cap segment. According to Personal Finance News, this fund will track the Nifty Smallcap 250 closing Index at 1/1000th value, maintaining the same nil entry and exit load structure as the other two funds. The small-cap ETF also targets a minimum subscription of ₹5 crore during its NFO period. All three ETFs follow a similar investment structure, with minimum application amounts of ₹1000 during NFO periods and subsequent investments in multiples of Re 1.
The latest launches demonstrate ICICI Prudential's commitment to innovation, with the long-short strategies in the specialized investment funds offering enhanced portfolio flexibility. As reported by Business Standard, the funds will provide more adaptive portfolio construction frameworks through their derivatives-based risk management approach. Additionally, The Wealth Company has signed up for NSE's Electronic Gold Receipts (EGR) segment, making it the first asset management company to confirm participation in this segment. EGRs are exchange-traded instruments backed by physical gold, aimed at offering a transparent investment route for gold exposure.
