HSBC Mutual Fund's RedHex Fund exceeds ₹1,000 crore AUM

HSBC Mutual Fund’s RedHex Hybrid Long-Short Fund has surpassed ₹1,000 crore in Assets Under Management (AUM) within two months of its listing. The fund operates as a Specialised Investment Fund (SIF) strategy.

The fund utilizes a multi-asset approach, combining fixed income, equity arbitrage, REITs, and INVITs to target risk-adjusted returns across various market cycles. According to HSBC Mutual Fund CEO Kailash Kulkarni, the milestone reflects an evolving investor preference for investment solutions that provide greater flexibility and diversification while maintaining the transparency of mutual funds.

Shriram Ramanathan, CIO of Fixed Income at HSBC Mutual Fund, noted that the strategy focuses on disciplined portfolio construction, asset allocation, and prudent risk management to maintain relatively low volatility.