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HSBC Mutual Fund's RedHex Hybrid Long-Short Fund crosses Rs 1,000 crore AUM within two months

HSBC Mutual Fund's RedHex Hybrid Long-Short Fund, a Specialised Investment Fund strategy, has crossed Rs 1,000 crore in assets under management within two months of its listing. The fund, launched in June 2026, has nearly 1,950 unique investor folios and invests across fixed income, equity arbitrage, REITs and InvITs.

By Tertius News AI Desk 2 distinct · 2 mastheads · 2 articles Version 1 Coverage Sep 1, 2026 Published 1h ago

AUM Milestone

HSBC Mutual Fund's RedHex Hybrid Long-Short Fund has crossed Rs 1,000 crore in assets under management (AUM) within two months of its listing, according to the fund house. The Specialised Investment Fund (SIF) strategy, launched in June 2026, had around 1,950 unique investor folios as of August 25, as reported by CNBC TV18 and The Economic Times.

The fund invests across fixed income, equity arbitrage, real estate investment trusts (REITs) and infrastructure investment trusts (InvITs), and is benchmarked against the NIFTY 50 Hybrid Composite Debt 50:50 Index. HSBC Mutual Fund said the AUM and folio figures are as of August 25, 2026, or the latest available data.

Fund Strategy and Management

RedHex combines investments across various asset classes to pursue risk-adjusted returns across market cycles. Its strategy seeks to deliver strong accrual potential with relatively low volatility through diversified allocation across asset classes. The fund is managed by a team of fund managers: Shriram Ramanathan handles the debt portion, including InvITs and REITs; Venugopal Manghat manages equity; Praveen Ayathan oversees arbitrage; and Mayank Chaturvedi handles foreign securities, as detailed by The Economic Times.

Executive Comments

Kailash Kulkarni, CEO of HSBC Mutual Fund, said, "Investor preferences are evolving, with a growing appetite for investment solutions that offer greater flexibility and diversification while retaining the transparency and discipline associated with mutual funds. This achievement of Rs 1,000 crore in AUM is a strong reflection of this evolving demand and the growing relevance of the SIF category. We believe solutions such as RedHex can play an important role in addressing the needs of investors seeking differentiated approaches to portfolio construction."

Shriram Ramanathan, CIO – Fixed Income at HSBC Mutual Fund, said the fund is built around disciplined portfolio construction with focus on asset allocation, credit selection, accrual potential, and risk management while keeping volatility low, and that crossing Rs 1,000 crore AUM demonstrates investor confidence.

SIF Category Context

The Rs 1,000-crore milestone comes as the SIF segment is still in its early stages in India. The category was introduced by the Securities and Exchange Board of India (SEBI) to allow asset managers to offer strategies with greater flexibility in portfolio construction than conventional mutual funds, while remaining within a mutual fund regulatory framework. SIF strategies can include features such as limited short exposure through derivatives and wider asset allocation, depending on the investment strategy and regulatory limits.

RedHex is one of the SIF strategies launched by asset managers since the category opened up. Its portfolio approach differs from conventional hybrid funds by combining fixed income with arbitrage and alternative asset exposures.

A Note on Performance

HSBC Mutual Fund clarified that the Rs 1,000-crore AUM reflects the assets accumulated by the scheme and should not be viewed as a measure of its investment performance. The fund's ability to generate returns and manage risk will become clearer as it builds a longer performance track record.

How each outlet told it

A framing line is our reading of that outlet's own text — an interpretation, not a quotation and not a fact we assert. Check it against what the outlet published.

CNBC TV18

Framing: Headline emphasizes the achievement of crossing ₹1,000 crore AUM in two months. — Descriptive and neutral.

as of Sep 1, 2026, 1:18 PM UTC

Facts Included:

HSBC Mutual Fund's RedHex Hybrid Long-Short Fund crossed ₹1,000 crore in AUM within two months of its listing.
The SIF, launched in June 2026, had around 1,950 unique folios as of August 25.
The fund invests across fixed income, equity arbitrage, real estate investment trusts (REITs) and infrastructure investment trusts (InvITs).
The fund is benchmarked against the NIFTY 50 Hybrid Composite Debt 50:50 Index.
The ₹1,000-crore milestone comes as the SIF segment is still in its early stages in India.
The category was introduced by SEBI to allow asset managers to offer strategies with greater flexibility in portfolio construction.
SIF strategies can include features such as limited short exposure through derivatives and wider asset allocation.
HSBC Mutual Fund said the AUM and folio figures are as of August 25, 2026, or the latest available data.

Read the source article →

The Economic Times

Framing: Highlights the fund's achievement of crossing Rs 1,000 crore AUM with nearly 2000 unique folios

as of Sep 1, 2026, 10:15 AM UTC

Facts Included:

HSBC Mutual Fund's RedHex Hybrid Long-Short Fund crossed Rs 1,000 crore AUM within two months of listing (June 2026).
The fund has nearly 1,950 unique investor folios.
The fund is a Specialised Investment Fund (SIF) strategy.
It invests in fixed income, equity arbitrage, REITs, and INVITs.
The fund is benchmarked against the NIFTY 50 Hybrid Composite Debt 50:50 Index.
Managed by Shriram Ramanathan (Debt, InvITs, REITs), Venugopal Manghat (Equity), Praveen Ayathan (Arbitrage), Mayank Chaturvedi (Foreign securities).
Quotes from Kailash Kulkarni, CEO, HSBC Mutual Fund, and Shriram Ramanathan, CIO – Fixed Income.

Read the source article →

What was claimed, and who backed it

AI-extracted; can misattribute a claim — see Methodology.

Each row is one claim, attributed to the outlet whose wording states it most clearly. Confidence rates how directly the source text states the claim — explicit and unhedged rates high; hedged, pieced-together, or internally inconsistent statements rate lower. It does not measure whether the claim is true. Status is Contested when two claims on this page negate each other; otherwise it counts the distinct outlets we found asserting that specific claim — so a single-source claim can still show high confidence, and a multi-source claim can show medium. Every one of those outlets is named beside the status, so you can check the count against the list. For claims extracted before we began storing that list, the row says so: it names the outlet the claim is quoted from and states that we have not recorded which outlets backed it. Outlets wrote at different times, so a figure that evolves — a casualty count, for example — can legitimately differ between rows; check the "as of" time next to each claim's source.

Claim	Confidence	Status
ClaimHSBC Mutual Fund's RedHex Hybrid Long-Short Fund has crossed Rs 1,000 crore in assets under management (AUM) within two months of its listing.	ConfidenceHigh	StatusMulti-source (2 outlets · 2 distinct) via The Economic Times as of Sep 1, 2026, 10:15 AM UTC, CNBC TV18 as of Sep 1, 2026, 1:18 PM UTC
ClaimThe RedHex Hybrid Long-Short Fund is a Specialised Investment Fund (SIF) strategy.	ConfidenceHigh	StatusMulti-source (2 outlets · 2 distinct) via The Economic Times as of Sep 1, 2026, 10:15 AM UTC, CNBC TV18 as of Sep 1, 2026, 1:18 PM UTC
ClaimThe fund was launched in June 2026.	ConfidenceHigh	StatusMulti-source (2 outlets · 2 distinct) via The Economic Times as of Sep 1, 2026, 10:15 AM UTC, CNBC TV18 as of Sep 1, 2026, 1:18 PM UTC
ClaimThe fund has nearly 1,950 unique investor folios.	ConfidenceHigh	StatusMulti-source (2 outlets · 2 distinct) via The Economic Times as of Sep 1, 2026, 10:15 AM UTC, CNBC TV18 as of Sep 1, 2026, 1:18 PM UTC
ClaimThe fund invests in fixed income, equity arbitrage, real estate investment trusts (REITs), and infrastructure investment trusts (InvITs).	ConfidenceHigh	StatusMulti-source (2 outlets · 2 distinct) via The Economic Times as of Sep 1, 2026, 10:15 AM UTC, CNBC TV18 as of Sep 1, 2026, 1:18 PM UTC
ClaimThe fund is benchmarked against the NIFTY 50 Hybrid Composite Debt 50:50 Index.	ConfidenceHigh	StatusMulti-source (2 outlets · 2 distinct) via The Economic Times as of Sep 1, 2026, 10:15 AM UTC, CNBC TV18 as of Sep 1, 2026, 1:18 PM UTC
ClaimThe fund is managed by Shriram Ramanathan (Debt portion, InvITs and REITs), Venugopal Manghat (Equity), Praveen Ayathan (Arbitrage), and Mayank Chaturvedi (Foreign securities).	ConfidenceHigh	StatusSingle-source via The Economic Times as of Sep 1, 2026, 10:15 AM UTC
ClaimKailash Kulkarni, CEO of HSBC Mutual Fund, said investor preferences are evolving with a growing appetite for investment solutions that offer greater flexibility and diversification while retaining transparency and discipline, and that the Rs 1,000 crore AUM achievement reflects this evolving demand and the growing relevance of the SIF category.	ConfidenceHigh	StatusSingle-source via The Economic Times as of Sep 1, 2026, 10:15 AM UTC
ClaimShriram Ramanathan, CIO – Fixed Income at HSBC Mutual Fund, said RedHex Hybrid Long-Short Fund is built around disciplined portfolio construction with focus on asset allocation, credit selection, accrual potential, and risk management while keeping volatility low, and crossing Rs 1,000 crore AUM demonstrates investor confidence.	ConfidenceHigh	StatusSingle-source via The Economic Times as of Sep 1, 2026, 10:15 AM UTC
ClaimThe SIF segment is still in its early stages in India.	ConfidenceHigh	StatusSingle-source via CNBC TV18 as of Sep 1, 2026, 1:18 PM UTC
ClaimThe SIF category was introduced by SEBI to allow asset managers to offer strategies with greater flexibility in portfolio construction than conventional mutual funds, while remaining within a mutual fund regulatory framework.	ConfidenceHigh	StatusSingle-source via CNBC TV18 as of Sep 1, 2026, 1:18 PM UTC
ClaimSIF strategies can include features such as limited short exposure through derivatives and wider asset allocation.	ConfidenceHigh	StatusSingle-source via CNBC TV18 as of Sep 1, 2026, 1:18 PM UTC
ClaimHSBC Mutual Fund said the AUM and folio figures are as of August 25, 2026, or the latest available data.	ConfidenceHigh	StatusSingle-source via CNBC TV18 as of Sep 1, 2026, 1:18 PM UTC
ClaimRedHex is one of the SIF strategies launched by asset managers since the category opened up.	ConfidenceMedium	StatusSingle-source via CNBC TV18 as of Sep 1, 2026, 1:18 PM UTC

Transparency & Audit Trail

2 distinct · 2 mastheads · 2 articles consulted: CNBC TV18, The Economic Times 14 claims extracted Version 1 Written 2026-09-01