Prism Hybrid Long-Short Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 18, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Prism Hybrid Long-Short Fund Direct Growth Plan has a NAV of ₹10.2239 as of 17 Sep 2026 and a scheme AUM of ₹297 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%, and the scheme sits in the Balanced Risk bucket. Our view is that the fund currently looks like a short-history strategy with a balance-heavy profile, so it is more suitable for investors who want a cautious, monitored allocation than for those seeking a long record of compounding.
The immediate return history is still too short to build a strong multi-year track record, but the portfolio structure shows a sizeable cash and short-duration debt component alongside selected credit and equity-linked exposures. That mix may support steadier day-to-day behaviour, yet it also means the early performance record should be read with restraint.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹10.2239 as of 17 Sep 2026 |
| AUM | ₹297 Cr |
| Expense Ratio | 0.0% |
| Launch Date | 17 Jul 2026 |
| Min SIP | ₹10,000 |
| Risk Category | Balanced Risk |
| Benchmark | Nifty 50 |
| Fund Category | Equity |
| Exit Load | No exit load |
| Fund Managers | Arun Ramachandran, Tanvi Kacheria, Virendra Kumar, Siddharth Deb |
The fund is managed by Arun Ramachandran, Tanvi Kacheria, Virendra Kumar and Siddharth Deb.
Source data date: as of 17 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | 0.87% | -3.66% |
| 3M | Data not available | Data not available |
| 1Y | 0% | Data not available |
| 3Y | 0% | Data not available |
| 5Y | 0% | Data not available |
In the latest one-month window, the fund held up better than the benchmark, which declined over the same period. That suggests the portfolio has so far been more resilient than Nifty 50 in the short window that is actually available, even though the fund itself is too new to assess through a full market cycle.
The longer-horizon figures are not yet useful as a compounding story because the scheme launched in July 2026. The 1-year, 3-year and 5-year values therefore sit at 0% in the record, which reflects the absence of a meaningful multi-year history rather than a settled long-run return profile.
That distinction matters for investors. A short, slightly positive recent trend can coexist with an incomplete performance history, and that is the case here. The early pattern does not yet confirm whether the fund can keep pace with a rising equity benchmark over time, or whether its balance-oriented structure will continue to soften drawdowns when markets weaken.
Viewed alongside the benchmark, the fund’s early behaviour looks defensive in the short term but unproven over longer periods. Our view is that the current evidence is most useful for judging initial stability, not for making a judgment about enduring compounding power.
Source data date: as of 17 Sep 2026
Should you BUY or HOLD Prism Hybrid Long-Short?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding Prism Hybrid Long-Short? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Prism Hybrid Long-Short Fund Direct Growth Plan | 0% | 0% | 0% |
| Magnum Equity Ex-Top 100 Long-Short Fund Direct Growth Plan | Data not available | Data not available | Data not available |
| Arudha Equity Long-Short Fund Direct Growth Plan | Data not available | Data not available | Data not available |
| iSIF Active Asset Allocator Long-Short Fund Direct Growth Plan | Data not available | Data not available | Data not available |
| Arthaya Equity Long Short Fund Direct Growth Plan | Data not available | Data not available | Data not available |
| iSIF Hybrid Long-Short Fund Direct Growth Plan | Data not available | Data not available | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
The current fund’s short-term showing is ahead of the benchmark in the only available recent window, while the peer set does not yet provide comparable return histories that allow a stronger cross-fund performance read. That means the present comparison leans more on the fund’s own early behaviour than on a full peer-relative record.
Because the other peer funds also show missing long-horizon return history, the available comparison tells a limited but consistent story: the current fund has an early positive one-month trend, yet none of the peer rows offers a meaningful 3-year or 5-year contrast. For now, the more important point is that the fund’s short-term steadiness is visible, while its multi-year relative standing remains unproven.
Source data date: as of 17 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| TREPS | Cash & Cash Equivalents and Net Assets | 30.63% |
| Small Industries Development Bank of India (03-Sep-2026) | Commercial Paper | 8.41% |
| 7.9% Bajaj Finance Ltd (13-Apr-2028) ** | Corporate Debt | 6.72% |
| 8.12% L&T Finance Ltd (29-Jun-2029) ** | Corporate Debt | 5.06% |
| 7.7% National Bank for Agriculture & Rural Development (30-Sep-2027) ** | Corporate Debt | 3.37% |
| 8.1% Aditya Birla Capital Ltd (07-Sep-2029) ** | Corporate Debt | 3.37% |
| 91 DTB (05-Nov-2026) | Treasury Bills | 3.34% |
| 91 DTB (19-Nov-2026) | Treasury Bills | 3.33% |
| Embassy Office Parks Reit | Finance | 2.89% |
| Oriental Hotels Ltd | Hospitality | 2.47% |
The top 10 holdings account for approximately 69.59% of the portfolio.
To see all holdings, visit the Prism Hybrid Long-Short Fund Direct Growth Plan page
The largest position, TREPS at 30.63%, is sizeable enough to have a strong influence on short-term liquidity and portfolio behaviour. After that, the weights step down fairly quickly, with the second holding below 9% and several positions clustered in the 3% to 7% range.
That drop from the first holding to the tenth suggests the portfolio is not evenly spread across all disclosed positions. Instead, it appears concentrated in a handful of larger allocations, with the rest of the disclosed list forming a more gradual tail. With 49 disclosed holdings and the top 10 already covering about 69.59%, the structure may allow a diversified set of exposures while still leaving the largest positions with meaningful influence.
This kind of mix could help the fund keep a balanced profile, especially when cash, debt and treasury-style holdings occupy a large share of the visible portfolio. At the same time, the concentration in the leading positions means changes in those holdings may matter more than changes in the smaller tail.
Source data date: as of 17 Sep 2026
Who should invest
This fund fits investors who are comfortable with a balanced-risk profile and who can tolerate the fact that the scheme is still very new. The current record is too short to judge multi-year consistency, so the main appeal is the portfolio’s mix rather than a long history of returns.
It may suit a moderate horizon where an investor values relative short-term steadiness and is willing to accept that longer-term performance is not yet established. The trade-off is clear: the portfolio may help soften volatility, but the lack of a completed multi-year track record leaves considerable uncertainty about how it behaves across different market cycles.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load: No exit load applies. If units are sold anytime, the exit load is 0%.
Source data date: as of 17 Sep 2026
Frequently asked questions
What is the current NAV of Prism Hybrid Long-Short Fund Direct Growth Plan?
The current NAV is ₹10.2239 as of 17 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year, 3-year and 5-year returns are 0%, 0% and 0%. The scheme launched in July 2026, so the multi-year figures do not yet provide a mature long-run record.
How has the fund performed against Nifty 50 recently?
In the latest one-month window, the fund returned 0.87% while Nifty 50 returned -3.66%. That means the fund held up better over this short period.
How does the fund compare with the peer set on returns?
The current fund has a visible one-month return, while the peer rows do not yet provide comparable long-horizon figures. On the available short-term view, the peer comparison does not change the main reading: the fund’s early behaviour looks steadier than the benchmark, but its longer record is still developing.
What is the minimum SIP amount?
The minimum SIP amount is ₹10,000.
Who manages the fund and what is the exit load?
The fund is managed by Arun Ramachandran, Tanvi Kacheria, Virendra Kumar and Siddharth Deb. There is no exit load if units are sold anytime.
Bottom line
The fund’s short-term behaviour is more informative than its long-term record because the scheme is only a few months old. It has edged ahead of the benchmark in the only available recent window, but the 1-year, 3-year and 5-year figures do not yet establish a durable compounding pattern. The portfolio looks balance-oriented, with a large cash-like holding and a meaningful debt sleeve alongside other exposures. That makes it more relevant for investors who can accept early-stage uncertainty and want a balanced-risk structure rather than a proven long-term return history.
Published on 18 September 2026 at 9:34 AM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.