Union Mutual Fund has announced its entry into SEBI’s newly introduced Specialized Investment Fund (SIF) framework with the launch of Arthaya SIF, debuting with an equity long-short strategy.

The inaugural offering, Arthaya Equity Long Short Fund, will open for subscription from May 4 to May 18, 2026. The fund is positioned as a more flexible equity strategy aimed at generating returns across market cycles rather than relying solely on rising markets.

Arthaya, derived from the Sanskrit word “Artha” (wealth), reflects the fund house’s focus on purposeful wealth creation aligned with long-term financial goals. The strategy seeks to bridge the gap between traditional long-only mutual funds and higher-entry alternative investments by offering a dynamic, risk-aware framework within a regulated structure.

The offering is designed to address the limitations of conventional portfolios by enabling dynamic exposure management in increasingly uneven and episodic markets.

The fund will combine long positions in companies with earnings visibility and growth potential with selective short exposure through derivatives, targeting structurally weaker or mispriced stocks. The approach aims to capture valuation dislocations and deliver risk-adjusted returns across cycles.

Structured under the SIF framework, the offering seeks to provide access to sophisticated equity strategies without the high entry barriers typically associated with alternatives.

Source: Press release