Portfolio Allocation
July 2026Equity (Long)
72.32%
Debt (Long)
1.33%
Cash & Equivalents
26.35%
Futures (Long)
0.00%
Options (Long)
0.00%
Short Book ?Absolute value of all short positions. Includes hedged + naked shorts.
-28.65%
Holdings
62 long + 55 short| Position | Type | % NAV | Mkt Value | Weight |
|---|---|---|---|---|
TRIUMPH COMPOSITES PVT LTD^ | Equity | 6.41% | ₹5,007L | |
GMR Airports Limited^ | Equity | 6.16% | ₹4,813L | |
Indigo 053** | Equity | 5.55% | ₹4,338L | |
Krazybee Services Limited** | Equity | 5.13% | ₹4,007L | |
ARIEL TRUST 2026** | Equity | 5.02% | ₹3,921L | |
LIC Housing Finance Limited^ | Equity | 4.52% | ₹3,529L | |
Oxyzo Financial Services Pvt Limited** | Equity | 4.49% | ₹3,510L | |
Indus Towers Limited | Equity | 3.61% | ₹2,819L | |
Canara Bank | Equity | 3.52% | ₹2,750L | |
NABARD** | Equity | 3.28% | ₹2,563L | |
MUTHOOT HOUSING FINANCE** | Equity | 3.19% | ₹2,492L | |
Godrej Properties Limited | Equity | 2.70% | ₹2,108L | |
TVS Motor Company Limited | Equity | 2.19% | ₹1,713L | |
Adani Power Limited | Equity | 1.53% | ₹1,193L | |
Indian Energy Exchange Limited | Equity | 1.28% | ₹1,001L | |
Hindustan Zinc Limited | Equity | 1.01% | ₹786L | |
Hindustan Petroleum Corporation Limited | Equity | 0.94% | ₹734L | |
Mahindra & Mahindra Limited | Equity | 0.80% | ₹625L | |
KALYAN JEWELLERS INDIA LIMITED | Equity | 0.73% | ₹571L | |
PB Fintech Limited | Equity | 0.72% | ₹561L | |
Container Corporation of India Limited | Equity | 0.70% | ₹545L | |
Varun Beverages Limited | Equity | 0.64% | ₹502L | |
One 97 Communications Limited | Equity | 0.62% | ₹487L | |
Crompton Greaves Consumer Electrical Ltd | Equity | 0.62% | ₹481L | |
Dabur India Limited | Equity | 0.59% | ₹464L | |
Hedged Short Futures — 28.65% of NAV Covered
| Contract | Short % | Matched Long | Mkt Value |
|---|---|---|---|
ITC Limited | -0.01% | +0.01% ITC (net +0.00%) | ₹4.9L |
TUBE INVESTMENTS OF INDIA LTD | -0.01% | +0.01% TUBE INVESTMENTS OF INDIA (net +0.00%) | ₹5.5L |
National Aluminium Company Limited | -0.01% | +0.01% National Aluminium Company (net +0.00%) | ₹6.6L |
SBI Life Insurance Company Limited | -0.01% | +0.01% SBI Life Insurance Company (net +0.00%) | ₹7.1L |
Axis Bank Limited | -0.01% | +0.01% Axis Bank (net +0.00%) | ₹7.7L |
Adani Energy Solutions Limited | -0.01% | +0.01% Adani Energy Solutions (net -0.00%) | ₹11.1L |
Apollo Hospitals Enterprise Limited | -0.01% | +0.01% Apollo Hospitals Enterprise (net -0.00%) | ₹11.2L |
Vedanta Limited | -0.02% | +0.02% Vedanta (net +0.00%) | ₹15.3L |
Coal India Limited | -0.02% | +0.02% Coal India (net -0.00%) | ₹16.8L |
The Federal Bank Limited | -0.02% | +0.02% The Federal Bank (net -0.00%) | ₹17.9L |
FSN E-Commerce Ventures Limited | -0.03% | +0.03% FSN E-Commerce Ventures (net +0.00%) | ₹20.9L |
Marico Limited | -0.03% | +0.03% Marico (net +0.00%) | ₹21.0L |
Bharat Heavy Electricals Limited | -0.03% | +0.03% Bharat Heavy Electricals (net +0.00%) | ₹21.5L |
UNO Minda Limited | -0.04% | +0.04% UNO Minda (net -0.00%) | ₹32.6L |
Vodafone Idea Limited | -0.05% | +0.05% Vodafone Idea (net +0.00%) | ₹37.4L |
Godrej Consumer Products Limited | -0.05% | +0.05% Godrej Consumer Products (net +0.00%) | ₹37.4L |
NTPC Limited | -0.07% | +0.07% NTPC (net +0.00%) | ₹52.0L |
Vishal Mega Mart Limited | -0.07% | +0.07% Vishal Mega Mart (net +0.00%) | ₹52.2L |
Maruti Suzuki India Limited | -0.10% | +0.10% Maruti Suzuki India (net +0.00%) | ₹77.7L |
The Indian Hotels Company Limited | -0.10% | +0.10% The Indian Hotels Company (net -0.00%) | ₹81.6L |
Ashok Leyland Limited | -0.11% | +0.11% Ashok Leyland (net +0.00%) | ₹83.3L |
Bharat Electronics Limited | -0.11% | +0.11% Bharat Electronics (net -0.00%) | ₹88.9L |
Adani Port & Special Economic Zone Ltd | -0.14% | +0.14% Adani Port & Special Economi (net -0.00%) | ₹113L |
JSW Steel Limited | -0.15% | +0.15% JSW Steel (net -0.00%) | ₹121L |
Aurobindo Pharma Limited | -0.19% | +0.19% Aurobindo Pharma (net +0.00%) | ₹148L |
Ambuja Cements Limited | -0.21% | +0.21% Ambuja Cements (net -0.00%) | ₹167L |
State Bank of India | -0.22% | +0.50% Bank of India (net +0.28%) | ₹170L |
State Bank of India | -0.22% | +0.50% Bank of India (net +0.28%) | ₹171L |
HDFC Asset Management Company Limited | -0.22% | +0.22% HDFC Asset Management Compan (net -0.00%) | ₹173L |
Eicher Motors Limited | -0.25% | +0.25% Eicher Motors (net -0.00%) | ₹196L |
Punjab National Bank | -0.35% | +0.35% Punjab National Bank (net +0.00%) | ₹272L |
Mahindra & Mahindra Limited | -0.35% | +0.80% Mahindra & Mahindra (net +0.45%) | ₹274L |
Bajaj Finance Limited | -0.44% | +0.44% Bajaj Finance (net +0.00%) | ₹343L |
Bandhan Bank Limited | -0.45% | +0.45% Bandhan Bank (net +0.00%) | ₹350L |
Mahindra & Mahindra Limited | -0.45% | +0.80% Mahindra & Mahindra (net +0.35%) | ₹354L |
Tata Steel Limited | -0.48% | +0.47% Tata Steel (net -0.01%) | ₹372L |
Bank of India | -0.51% | +0.50% Bank of India (net -0.01%) | ₹396L |
Jio Financial Services Limited | -0.54% | +0.54% Jio Financial Services (net -0.00%) | ₹423L |
Bajaj Finserv Limited | -0.55% | +0.55% Bajaj Finserv (net +0.00%) | ₹428L |
Manappuram Finance Limited | -0.56% | +0.56% Manappuram Finance (net +0.00%) | ₹437L |
Dabur India Limited | -0.59% | +0.59% Dabur India (net -0.00%) | ₹465L |
Crompton Greaves Consumer Electrical Ltd | -0.62% | +0.62% Crompton Greaves Consumer El (net +0.00%) | ₹484L |
One 97 Communications Limited | -0.62% | +0.62% One 97 Communications (net -0.00%) | ₹487L |
Varun Beverages Limited | -0.65% | +0.64% Varun Beverages (net -0.01%) | ₹505L |
Container Corporation of India Limited | -0.70% | +0.70% Container Corporation of Ind (net +0.00%) | ₹545L |
PB Fintech Limited | -0.72% | +0.72% PB Fintech (net +0.00%) | ₹562L |
KALYAN JEWELLERS INDIA LIMITED | -0.73% | +0.73% KALYAN JEWELLERS INDIA (net -0.00%) | ₹572L |
Hindustan Petroleum Corporation Limited | -0.94% | +0.94% Hindustan Petroleum Corporat (net -0.00%) | ₹738L |
Hindustan Zinc Limited | -1.01% | +1.01% Hindustan Zinc (net +0.00%) | ₹789L |
Indian Energy Exchange Limited | -1.29% | +1.28% Indian Energy Exchange (net -0.01%) | ₹1,006L |
Adani Power Limited | -1.53% | +1.53% Adani Power (net -0.00%) | ₹1,199L |
TVS Motor Company Limited | -2.20% | +2.19% TVS Motor Company (net -0.01%) | ₹1,717L |
Godrej Properties Limited | -2.71% | +2.70% Godrej Properties (net -0.01%) | ₹2,116L |
Canara Bank | -3.53% | +3.52% Canara Bank (net -0.01%) | ₹2,757L |
Indus Towers Limited | -3.63% | +3.61% Indus Towers (net -0.02%) | ₹2,835L |
Fixed Income — 1.33% of NAV
| Instrument | Coupon | % NAV | Mkt Value |
|---|---|---|---|
GOI - 10-Apr-2028 |
7.06% | 1.33% | ₹1,038L |
TREPS / Repo — 5.40%
| Instrument | % NAV | Mkt Value |
|---|---|---|
Treps | +5.40% | ₹4,222L |
Money Market — 4.43%
| Instrument | % NAV | Mkt Value |
|---|---|---|
Cube Highway Trust | +4.43% | ₹3,465L |
MF Units — 6.31%
| Instrument | % NAV | Mkt Value |
|---|---|---|
HSBC Money Market Fund - Direct Growth | +6.31% | ₹4,935L |
InvIT / REIT — 14.70%
| Instrument | % NAV | Mkt Value |
|---|---|---|
Bagmane Prime Office REIT | +3.28% | ₹2,561L |
National Highways Infra Trust | +3.28% | ₹2,565L |
Raajmarg Infra Investment Trust | +3.28% | ₹2,562L |
Embassy Office Parks REIT | +3.19% | ₹2,497L |
Mindspace Business Parks REIT | +1.67% | ₹1,305L |
Net Rec/(Pay) — -4.49%
| Instrument | % NAV | Mkt Value |
|---|---|---|
Net Current Assets (including cash & bank balances) | -4.49% | ₹3,486L |
Estimated margin required: ~0.43% of NAV. Cash & equivalents stand at 26.3% — approximately 61x coverage. TREPS and money market instruments earn 6.5–7.5% p.a. — an active yield position, not idle margin reserve.
Portfolio Analysis
Updated July 2026July 2026 — Monthly Update
Redhex Hybrid Long-Short Fund runs a fully hedged short book. All 55 short futures/options positions are paired with corresponding equity longs, resulting in minimal unhedged market exposure from the short side.
Net long exposure of 71.3% is driven by the equity book (72.3%), debt (1.3%), and cash & equivalents (26.3%). The equity + futures combination contributes alpha through relative performance, independent of broad market direction.
March 2026 — Initial Coverage
Tequity initiated coverage of Redhex Hybrid Long-Short Fund with the March 2026 portfolio disclosure. Updated monthly as HSBC Mutual Fund publishes new disclosures on the AMFI portal.
Data sourced directly from AMFI monthly portfolio disclosure. All figures as a percentage of Net Asset Value.
Portfolio History
Updated monthlyJuly 2026
Net long: 71.35%. Gross exposure: 128.65%. Equity: 72.32%, Debt: 1.33%, Cash & Equiv: 26.35%, Options Short: 0.00%, Futures Short: 28.65%. Naked futures short: 0% (fully hedged). Total positions: 127.