360 ONE Mutual Fund Introduces DynaSIF Equity Ex-Top 100 Long-Short Fund
360 ONE Mutual Fund Launches DynaSIF Equity Ex-Top 100 Long-Short Fund
360 ONE Mutual Fund has introduced the DynaSIF Equity Ex-Top 100 Long-Short Fund, its third offering under the Specialised Investment Fund (SIF) platform. The new fund aims to capture opportunities in India's mid- and small-cap segment while using derivatives-based short positions to manage risk and generate returns across market cycles.
The new fund offer (NFO) will open on June 5 and close on June 19. The open-ended strategy will invest at least 65% of its portfolio in companies outside the top 100 by market capitalisation and will be benchmarked against the BSE 500 TRI.
The fund's strategy focuses on generating long-term capital appreciation through a combination of structural, cyclical, and tactical investments in mid- and small-cap stocks. It also has the flexibility to take limited short exposure through derivatives in stocks other than large-cap companies, a feature permitted under the recently introduced SIF framework.
Read also: PGIM India Mutual Fund Amends Subscription Restrictions for Overseas Fund Schemes Effective June 5
According to the fund house, the strategy will maintain a core allocation of 65-100% in ex-top 100 equities, including REITs. It may allocate up to 35% to large-cap stocks when valuations are attractive and up to 25% to debt instruments such as treasury bills, money market securities, and corporate bonds for defensive positioning.
| Allocation | Range |
|---|---|
| Ex-top 100 equities | 65-100% |
| Large-cap stocks | 0-35% |
| Debt instruments | 0-25% |
| InvITs | up to 20% |
| Unhedged short positions | up to 25% |
The strategy can also take unhedged short positions of up to 25% through derivatives in mid- and small-cap stocks and invest up to 20% in InvITs.
The minimum investment amount for the fund is Rs 10 lakh, while accredited investors can invest with a minimum of Rs 1 lakh. The scheme will levy an exit load of 0.5% if redeemed within three months from allotment.
Read also: Mutual Funds Boost Exposure to REITs and InvITs Amid Growing Investment Opportunity
The fund will be managed by Mayur Patel, Harsh Agarwal, Milan Mody, and Pranav Mise.
Investor Takeaway
Investors should consider the new DynaSIF Equity Ex-Top 100 Long-Short Fund for its potential to capture opportunities in India's mid- and small-cap segment.
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