JioBlackRock Mutual Fund has filed a draft document with the Securities and Exchange Board of India (Sebi) for its new Prism Hybrid Long-Short Fund, which aims to provide long-term capital appreciation and income through a diversified investment strategy. The fund will allocate 35% to 75% in equity and equity-related instruments, 25% to 65% in debt and money market instruments, and up to 25% in short exposure through unhedged derivatives. The fund will be managed by a team including Arun Ramachandran, Tanvi Kacheria, Siddharth Deb, and Virendra Kumar, and will benchmark its performance against the NIFTY 50 Hybrid Composite Debt 50:50 Index (TRI). Investors will have a minimum application amount of ₹10 lakh (approximately $12,000 USD) for lump sum investments, while the fund will allow redemptions twice a week. The fund's riskometer categorizes it at risk band level 2, indicating a moderate level of risk. JioBlackRock emphasizes a risk-first, data-driven investment philosophy for the Prism SIF, aiming to adapt across market cycles and achieve balanced outcomes.