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ICICI PRUDENTIAL Long Short Fund – Series I – Category III AIF


Key Portfolio Attributes

Fund Category Series I - Category III AIF

Fund Manager's Name: Mr Nandik Mallik

Fund Manager Experience: Nandik Mallik joined ICICI Prudential Asset Management Company Limited in January 2017. His past employers were Fair Isaac, Bangalore, NM Rothschild, Mumbai, ICICI Bank, Mumbai, BNP Paribas, London, Credit Suisse, London, and Edelweiss Asset Management, Mumbai.

Fund Manager Qualification: Master’s degree in finance from London Business School, a postgraduate diploma in management from IIM Calcutta, and a bachelor’s degree in engineering from IIT Kharagpur.

Investment Objective

The investment objective of ICICI Prudential Long Short Fund- Series I – Category III AIF is to achieve long-term capital appreciation from investments primarily in listed securities of Indian companies and to earn dividend income for its Contributors from such investments. Apart from its income from portfolio of listed equity shares, it shall aim to earn returns by taking derivative positions under long/ short investment strategy.

Investment Philosophy

The investment philosophy of ICICI Prudential Long Short Fund- Series I – Category III AIF differs with different market conditions.

Up Market: In a bullish market, the ICICI Prudential Long Short Fund- Series I – Category III AIF aims to be positively correlated. Strategy may lag the market due to a lower net exposure. Investment Manager may add value if long appreciates more than the short basket.

 

• Down Market: In a bearish market, the ICICI Prudential Long Short Fund- Series I – Category III AIF aims to be inversely correlated. Strategy aims to have a lower drawdown in a correction phase of the market due to a lower net exposure. Investment Manager may add value if short position declines more than the long basket.

 

• Sideways Market: In a sideways market, the ICICI Prudential Long Short Fund- Series I – Category III AIF aims to generate absolute returns. Strategy aims to outperform the market in these phases as divergence of stock returns within the sector can be a potential source of alpha.

Investment Strategy

The investment strategy of ICICI Prudential Long Short Fund- Series I – Category III AIF is based on the following:

• The Scheme may invest into companies forming part of various broad indices.
• The Scheme aims to take directional position in equities based on prevailing Macro environment and Market factors. Index Futures may be used to manage net equity positions.
• The Scheme may invest into options aiming to benefit in directional market.
• It intends to write options. This may help in directional and range bound markets.



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