Description
ICICI Prudential Mutual Fund's iSIF Equity Long-Short Fund NFO under the Specialized Investment Fund (SIF) framework will be available for transactions on NSE MF Invest Platform from May 19 to June 02, 2026. Two scheme variants (Regular Growth and Direct Growth) are offered with allotment on June 05, 2026.
Summary
NSE has informed its members that the iSIF Equity Long-Short Fund, a Specialized Investment Fund (SIF) offered by ICICI Prudential Mutual Fund, will be open for transactions on the NSE MF Invest Platform from May 19, 2026 to June 02, 2026 (till 11:30 PM). Two growth variants — Regular and Direct — are available, both classified under the Equity category, with allotment scheduled for June 05, 2026.
Key Points
- NFO window: May 19, 2026 to June 02, 2026 (11:30 PM)
- Fund: iSIF Equity Long-Short Fund under Specialized Investment Fund (SIF) framework by ICICI Prudential Mutual Fund
- Two scheme variants offered:
- iSIF Equity Long-Short Fund – Regular Growth (ISIN: INF109K30075)
- iSIF Equity Long-Short Fund – Direct Growth (ISIN: INF109K30083)
- Both schemes fall under the Equity category
- Allotment date for both variants: June 05, 2026
- Payment deadline: Clear funds must reach the designated Clearing Corporation account by June 04, 2026 at 12:00 PM
Regulatory Changes
No new regulatory changes introduced. This circular operates within the existing Specialized Investment Fund (SIF) framework already established by SEBI, enabling long-short equity strategies under the SIF category.
Compliance Requirements
- NSE members must ensure that clear funds via any accepted payment mode are credited to the designated Clearing Corporation account on or before June 04, 2026 at 12:00 PM.
- Members facilitating transactions for clients on the NSE MF Invest Platform must adhere to the NFO subscription window (May 19 – June 02, 2026).
Important Dates
| Event | Date |
|---|---|
| NFO Opens | May 19, 2026 |
| NFO Closes | June 02, 2026 (11:30 PM) |
| Payment Deadline | June 04, 2026 (12:00 PM) |
| Allotment Date | June 05, 2026 |
Impact Assessment
This circular has moderate market relevance as it introduces a new equity long-short fund under the SIF framework — a relatively newer product category in India’s mutual fund landscape. The availability on NSE MF Invest Platform broadens access for members and their clients. The long-short equity strategy may attract sophisticated investors seeking differentiated risk-return profiles. Operationally, members need to ensure payment processing is completed before the June 04 deadline to avoid transaction failures.
Impact Justification
This circular announces a new NFO availability on the NSE MF Invest Platform for a SIF category fund, relevant to members and investors interested in the specialized long-short equity strategy; no immediate compliance burden for most market participants.