Home/ SIF Funds/ Redhex Hybrid Long-Short Fund
Hybrid Long-Short

Redhex Hybrid Long-Short Fund

by HSBC Mutual Fund  |  Specialised Investment Fund  |  Min. ₹10 Lakh

Net Long ?Long book minus short book (% of NAV). The fund's actual unhedged market exposure after netting both sides.
100.0%
of NAV
Gross Exposure ?Long book + |Short book| in absolute terms. Values above 100% reflect leverage through derivatives.
100.0%
of NAV
Gross Short ?Absolute value of all short positions (% of NAV). Includes both hedged shorts (matched against a long holding) and naked shorts.
0.0%
Futures + Options
Naked Shorts ?Short positions with no matching long holding. Pure directional bets — unlike hedged shorts which simply offset a stock held long.
0%
all hedged
Positions
72
72 long + 0 short
Data As Of
Jul 2026
Updated monthly
Positions sum to 100% of NAV
All holdings — equity, debt, and cash equivalents — add up to approximately 100% of the fund's NAV. No futures long positions are used. What you see in the bifurcation table is the complete picture.

Portfolio Bifurcation — July 2026 (scroll right →)

EQUITY
+72.3%
DEBT
+1.3%
COMMODITY
0%
CASH & EQUIV
+26.4%
OPTIONS
0%
FUTURES
0%
Equity
Long?Equity stocks held long (% of NAV)
Debt
Long?Bonds and fixed-income instruments held long
Commodity
Long?Physical commodity ETFs or commodity fund units (e.g. gold ETFs)
Money
Market?Money market instruments: T-Bills, CDs, Commercial Papers
TREPS /
Repo?Tri-party repos and CCIL settlement receivables — overnight/very short-term, near-cash
Cash
Margin?Cash deposited as margin collateral for derivatives positions — earns repo rate
MF
Units?Units of other mutual funds held in portfolio (excluding commodity ETFs)
InvIT /
REIT?Real Estate Investment Trusts and Infrastructure Investment Trusts
Net
Rec/(Pay)?Net Current Assets: receivables minus payables. Negative = net liability
Long?Options held long — buyer paid the premiumShort?Options written or sold short — shown as absolute value of obligationLong?Futures contracts held long at notional value (% of NAV)Hedged
Short?Short futures matched against a corresponding equity long — limits downside on a held stock
Naked
Short?Short futures with no matching long — directional bet on a stock or index falling
+72.32%+1.33%--+5.40%-+6.31%+14.70%-0.06%-----
All positions sum to: 100.00% of NAV
Last updated: July 2026  |  Next update: August 2026
Portfolio Allocation
July 2026
Equity (Long)
72.32%
Debt (Long)
1.33%
Cash & Equivalents
26.35%
Futures (Long)
0.00%
Options (Long)
0.00%
Gross Short ?Absolute value of all short positions. Includes hedged + naked shorts.
-0.00%
Holdings
72 long  +  0 short
Company% NAVMkt ValueWeight
TRIUMPH COMPOSITES PVT LTD^
6.41% ₹5,007L
GMR Airports Limited^
6.16% ₹4,813L
Indigo 053**
5.55% ₹4,338L
Krazybee Services Limited**
5.13% ₹4,007L
ARIEL TRUST 2026**
5.02% ₹3,921L
LIC Housing Finance Limited^
4.52% ₹3,529L
Oxyzo Financial Services Pvt Limited**
4.49% ₹3,510L
Indus Towers Limited
3.61% ₹2,819L
Canara Bank
3.52% ₹2,750L
NABARD**
3.28% ₹2,563L
MUTHOOT HOUSING FINANCE**
3.19% ₹2,492L
Godrej Properties Limited
2.70% ₹2,108L
TVS Motor Company Limited
2.19% ₹1,713L
Adani Power Limited
1.53% ₹1,193L
Indian Energy Exchange Limited
1.28% ₹1,001L
Hindustan Zinc Limited
1.01% ₹786L
Hindustan Petroleum Corporation Limited
0.94% ₹734L
Mahindra & Mahindra Limited
0.80% ₹625L
KALYAN JEWELLERS INDIA LIMITED
0.73% ₹571L
PB Fintech Limited
0.72% ₹561L
Container Corporation of India Limited
0.70% ₹545L
Varun Beverages Limited
0.64% ₹502L
Crompton Greaves Consumer Electrical Ltd
0.62% ₹481L
One 97 Communications Limited
0.62% ₹487L
Dabur India Limited
0.59% ₹464L
InstrumentCoupon% NAVMkt Value
GOI - 10-Apr-2028
7.06% 1.33% ₹1,038L
TREPS / Repo
Instrument% NAVMkt Value
Treps
+5.40% ₹4,222L
Money Market
Instrument% NAVMkt Value
Cube Highway Trust
+4.43% ₹3,465L
MF Units
Instrument% NAVMkt Value
HSBC Money Market Fund - Direct Growth
+6.31% ₹4,935L
InvIT / REIT
Instrument% NAVMkt Value
Raajmarg Infra Investment Trust
+3.28% ₹2,562L
National Highways Infra Trust
+3.28% ₹2,565L
Bagmane Prime Office REIT
+3.28% ₹2,561L
Embassy Office Parks REIT
+3.19% ₹2,497L
Mindspace Business Parks REIT
+1.67% ₹1,305L
Net Rec/(Pay)
Instrument% NAVMkt Value
Net Current Assets (including cash & bank balances)
-4.49% ₹3,486L
Estimated margin required: ~0.00% of NAV. Cash & equivalents stand at 26.3% — approximately N/Ax coverage. TREPS and money market instruments earn 6.5–7.5% p.a. — an active yield position, not idle margin reserve.

No options positions

No futures positions

Portfolio Analysis
Updated July 2026
July 2026 — Monthly Update

Redhex Hybrid Long-Short Fund currently holds no short positions. The fund is in its deployment phase, operating as a long-only strategy. The 26.3% cash & equivalents allocation provides liquidity for future short book deployment and earns 6.5–7.5% per annum via TREPS and money market instruments.

Monitor when the fund manager begins deploying the short book — this signals the transition to the intended long-short strategy.


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 monthly
July 2026

Net long: 100.00%. Gross exposure: 100.00%. Equity: 72.32%, Debt: 1.33%, Cash & Equiv: 26.35%, Options Short: 0.00%, Futures Short: 0.00%. Naked futures short: 0% (fully hedged). Total positions: 72.

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Fund Details
AMCHSBC Mutual Fund
CategoryHybrid Long-Short
Fund TypeSIF (SEBI Regulated)
Min. Investment₹10 Lakh
NAV DisclosureDaily
Portfolio DisclosureMonthly (AMFI)
Exposure Metrics
Net Long ?Long book minus short book (% of NAV). Actual unhedged market exposure.100.0%
Gross Short ?Absolute value of all short positions. Includes hedged + naked shorts.0.0%
Naked Short ?Shorts with no matching long. Pure directional bets against specific stocks.0%
Gross Exposure ?Long book + |Short book|. Values above 100% indicate derivative leverage.100.0%
Disclaimer: All data sourced from AMFI monthly portfolio disclosures (July 2026). Tequity Investing is an AMFI-registered Mutual Fund Distributor (ARN-245270). This is not investment advice. Specialised Investment Funds carry higher risk and are suitable only for sophisticated investors with a minimum investment of ₹10 lakh. Please consult a SEBI-registered financial planner before investing. Past performance is not indicative of future results.

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