360 ONE Mutual Fund to launch first SIF offering with DynaSIF Equity Long-Short Fund

360 ONE Mutual Fund on Thursday announced the launch of its first offering under the Specialised Investment Fund (SIF) framework, unveiling the DynaSIF Equity Long–Short Fund, an open-ended equity investment strategy investing in listed equity and equity-related instruments. The new fund offer (NFO) will open on February 6, 2026, and close on February 20, 2026.

The DynaSIF Equity Long–Short Fund marks the debut strategy under DynaSIF, a new investment platform introduced by 360 ONE Mutual Fund. The platform has been developed in line with Sebi’s SIF framework and is positioned between traditional mutual funds and alternative investment strategies, while retaining mutual fund-style governance and transparency.

According to the fund house, the strategy seeks long-term capital appreciation by taking selective long and short positions in listed equities and equity derivatives. The fund will maintain a minimum 80% exposure to equities and equity derivatives, with flexibility to take short exposure of up to 25% through derivatives, and invest up to 20% in debt instruments and InvITs.

Key fund details

• Fund Type: An open-ended equity investment strategy investing in listed equity and equity-related instruments, with limited short exposure through derivative instruments.

• NFO Period: February 6–20, 2026

• Minimum Investment: ₹10,00,000 (₹1,00,000 for accredited investors)

• Exit Load: 0.5% if redeemed within three months from the date of allotment; Nil thereafter

• Taxation: Equity taxation (investors are advised to consult their tax advisors)

• Benchmark: BSE 500 TRI

• Fund Manager: Harsh Agarwal, with nearly 20 years of experience in long-short and multi-asset strategies

The fund is sector-, market-cap- and style-agnostic, and aims to generate alpha across market cycles by combining structural, cyclical and tactical investment opportunities. It will be benchmarked against the BSE 500 Total Return Index (TRI) and falls under Risk Band Level 5.

First strategy under DynaSIF

Raghav Iyengar, chief executive officer of 360 ONE Asset Management, said the DynaSIF platform reflects the firm’s attempt to blend innovation with disciplined risk management within the SIF framework, as market leadership and cycles continue to evolve.

“With DynaSIF, we are introducing a new investment platform that blends innovation with prudence in line with SEBI’s SIF framework. As markets evolve, alpha may increasingly come from adaptability, risk awareness, and differentiated thinking, especially in an environment where leadership and cycles are constantly shifting,” he said.

Anup Maheshwari, co-founder and chief investment officer, said the SIF structure allows greater flexibility and institutional-grade risk management while retaining the governance and taxation efficiencies of mutual funds.

“DynaSIF represents the next phase of active investing in India. The SIF framework allows for greater flexibility, institutional-grade risk management, and outcome-oriented strategies, while retaining the governance and taxation efficiencies of mutual funds,” Maheshwari said.

The fund will be managed by Harsh Agarwal, who has close to two decades of experience across long–short and multi-asset strategies. Agarwal said the ability to go both long and short enables flexible positioning and more effective risk management, supported by fundamental research, quantitative inputs and the use of derivatives.

About Specialised Investment Funds (SIFs)

Specialised Investment Funds are mutual fund offerings meant for sophisticated investors, featuring higher minimum investment thresholds, enhanced hedging tools and limited unhedged shorting flexibility.

The minimum investment for the fund is ₹10 lakh, which is reduced to ₹1 lakh for accredited investors. It offers greater investment flexibility, including limited unhedged shorting of up to 25% and access to enhanced hedging tools.

An exit load of 0.5% will apply if units are redeemed within three months from the date of allotment, with no exit load thereafter. The fund will be taxed as an equity-oriented scheme.

As of December 31, 2025, 360 ONE Mutual Fund managed assets worth about ₹13,479 crore across equity, hybrid and debt schemes.

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