Union MF launches first long-short equity SIF under Arthaya

Union Mutual Fund has launched its first long-short equity Specialised Investment Fund under Arthaya SIF.

The fund is designed to provide investors with a more dynamic equity approach, aiming to generate returns across market cycles, not just in rising markets.

The NFO will be open for subscription between May 4 to May 18. The minium investment will be ₹10 lakh.

At a time when investor portfolios are often polarised between traditional long-only strategies and high-entry alternative products, Arthaya SIF aims to bridge this gap by offering a more flexible, risk-aware investment framework within a regulated structure.

Madhu Nair, CEO, Union AMC said investor portfolios are currently caught between two extremes of traditional long-only funds that aims to ride market beta and alternative strategies that remain out of reach for many.

The ability to dynamically calibrate exposure becomes critical in an environment where returns are increasingly uneven and episodic, he said.

Dual approach

The strategy focuses on long-term capital appreciation while aiming to actively manage downside risk by combining long equity positions with selective short exposure through derivatives. The dual approach enables the portfolio to navigate varying market environments with greater flexibility.

Rajesh Aynor, SIF Investment Lead, Union AMC, said the core of the strategy lies in identifying dislocations when prices diverge from underlying fundamentals and building long and short exposures around that insights. The long portfolio focuses on businesses with the potential earnings visibility, while the short portfolio targets structurally weaker companies or mispriced opportunities, he added.

Published on April 30, 2026