Mumbai, Maharashtra, 14th of October, 2026 : AlphaGrep Mutual Fund announced the launch of Eminence SIF, with its first investment strategy, the Eminence Hybrid Long-Short Fund, opening for subscription from 14 October to 28 October 2026.
Designed for sophisticated investors, the Eminence Hybrid Long-Short Fund aims to complement traditional equity and fixed income allocations by seeking returns from multiple investment opportunities rather than relying primarily on the direction of equity markets. The strategy combines equity long-short, special situations, options strategies, arbitrage and fixed income within a single portfolio, with capital dynamically allocated across these opportunities through a disciplined risk management framework.
Unlike traditional investment products that are largely dependent on market appreciation, the strategy seeks to generate returns from a diversified set of return drivers while actively managing portfolio risk and market exposure. The objective is to provide investors with an alternative allocation that can participate across different market environments.

Building on AlphaGrep’s Long-Short Experience
The launch of Eminence SIF builds on AlphaGrep’s experience of managing quantitative long-short strategies through its Category III Alternative Investment Fund (AIF) businesses. The investment philosophy, portfolio construction framework and risk management processes developed over years of managing institutional long-short portfolios now form the foundation of the Eminence Hybrid Long-Short Fund within the SIF framework.
Bhautik Ambani, CEO, AlphaGrep Mutual Fund, said:
“The way investors build portfolios is evolving. While equities and debt remain core allocations, sophisticated investors are increasingly looking for strategies that can generate returns from multiple market opportunities with lower dependence on overall market direction. Eminence SIF has been designed to play that role within a portfolio.
At AlphaGrep, we have spent years managing quantitative long-short strategies through our Category III AIF platform, developing expertise in identifying multiple sources of alpha while maintaining a disciplined approach to risk management. Eminence Hybrid Long-Short Fund brings this institutional investment philosophy into the SIF framework, combining equity long-short, special situations, options strategies, arbitrage and fixed income within a single actively managed portfolio. We believe this provides investors with a differentiated alternative allocation built on proven investment experience and robust risk management.”

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