Altiva Equity Long-Short Fund, a new strategy under Altiva SIF by Edelweiss Mutual Fund, opens for subscription on 10-09-2026 and closes on 24-09-2026.
Edelweiss Asset Management Limited runs the Altiva SIF platform. This equity strategy invests mainly in listed shares, with a limited ability to also take short positions using derivatives.
It targets long-term capital growth and may interest investors who already meet the SIF entry threshold and want equity exposure beyond buy-and-hold.
Altiva Equity Long-Short Fund NFO details
Detail | Information |
Fund name | |
Fund type | Open ended equity strategy with limited short exposure |
Category | Equity Long-Short Fund (SIF) |
Nature of scheme | Open ended |
Benchmark | Nifty 100 TRI |
Fund managers | Bharat Lahoti, Bhavesh Jain, Amit Vora |
NFO opens | 10-09-2026 |
NFO closes | 24-09-2026 |
Allotment | Within 5 business days of NFO closure (exact date not in the ISID) |
Minimum investment | Rs 10,00,000, multiples of Re 1 thereafter |
Additional investment | Rs 1,000, multiples of Re 1 thereafter |
SIP amount | Rs 1,000, if already holding Rs 10,00,000 across Altiva SIF strategies |
NAV | Rs 10.0000 during the NFO |
Stamp duty | 0.005% of transaction value, as on all funds and SIFs |
Entry load | Not applicable |
Exit load | 0.50% within 90 days, nil after |
AMC details
Detail | Information |
AMC name | Edelweiss Asset Management Limited |
Assets under management | ₹945.86 Crore |
Website | |
Registered office | Edelweiss House, Off. C.S.T Road, Kalina, Mumbai – 400 098 |
Contact number | +91-40-23001181 |
Source: AMFI India: New fund offer: Altiva Equity Long-Short Fund
What has the AMC launched?
Edelweiss Mutual Fund has launched Altiva Equity Long-Short Fund under its Altiva SIF platform. A Specialised Investment Fund, or SIF, is a newer SEBI-regulated category sitting between mutual funds and portfolio management services. It gives managers more flexibility, including limited shorting, but asks for a far larger minimum investment.
This strategy is actively managed: the manager picks stocks rather than tracking an index. It must normally keep 80 to 100 percent of assets in equity, of which up to 25 percent can be an unhedged short via futures or options. The rest, up to 20 percent, can sit in debt or InvIT units, and up to 30 percent can go overseas within these limits.
Because this is a SIF, treat the Rs 10 lakh minimum as a genuine screen, not a formality.
How does the strategy work?
The fund manager blends a top-down sector view with bottom-up stock picking, and may also use an in-house quantitative model to help with selection.
Step | What happens? |
1 | Sectors expected to grow are screened with a top-down view |
2 | Stocks within those sectors are chosen using bottom-up and quantitative research |
3 | Long positions are built in stocks expected to do well |
4 | A short of up to 25 percent of assets may be taken where a stock or the market is expected to fall |
5 | Derivatives also hedge positions or rebalance the portfolio |
6 | The portfolio is reviewed as views change |
7 | Spare cash sits in debt, money market, or repo instruments |
Let’s understand through an example
Say the manager believes an auto parts maker will do well as demand picks up, while a rival in the same sector looks overpriced.
The strategy could buy shares in the company it favours, and separately short the rival through derivatives. If both calls play out, it gains from one position rising and the other falling, rather than needing the whole sector to move one way. This is only an illustration, not an actual or expected outcome.
Portfolio allocation
Instrument | Minimum | Maximum |
Equity and equity related instruments (including up to 25% unhedged short exposure) | 80% | 100% |
Debt, money market instruments, and debt mutual fund units | 0% | 20% |
Units issued by InvITs | 0% | 20% |
Overseas securities are permitted up to 30 percent of net assets, within the limits above. Actual holdings will be disclosed once the strategy is running.
Investment strategy
Stock selection combines top-down sector calls with bottom-up research and an optional factor-based screen.
The short book sets this fund apart: up to 25 percent of assets can be unhedged shorts via derivatives, rather than traditional short selling. Derivatives also hedge positions and rebalance the portfolio directly. Turnover aims to stay reasonable, though it may vary with markets.
Potential benefits
Potential benefit | Why does it matter? |
Can gain from falling stocks | A short position may add returns when the manager’s bearish view proves right |
Actively managed calls | The portfolio can shift as views change, unlike a fixed index |
Diversification | A long-short approach can behave differently from a plain equity fund |
Key risks
Risk | What does it mean? |
Market risk | Positions can fall in value if markets or stocks move against the manager’s view |
Derivative and leverage risk | Futures and options can magnify gains and losses; an unhedged short loses money if the position rises instead |
Liquidity risk | Shorts and the debt portion may be harder to trade fairly under market stress |
Interest rate and credit risk | The debt sleeve, up to 20 percent, is exposed to rate moves and issuer default |
Manager risk | Returns depend on the manager correctly calling both long and short positions |
Who may consider this fund?
Investor type | Why it may fit |
Investors who already meet the Rs 10 lakh SIF threshold | The strategy is open only to those who meet this entry requirement |
Those diversifying an equity-heavy portfolio | A long-short approach behaves differently from a long-only fund |
Investors with a 5-year-plus horizon | Equity and derivative-linked strategies suit goals that are not urgent |
Who may not find it suitable?
Investor type | Why it may not fit |
Investors who cannot maintain Rs 10,00,000 | The SIF minimum and balance rules rule this out |
Investors seeking low-cost index exposure | This is actively managed, with a base expense ratio up to 2.10 percent |
Investors wanting to avoid derivatives | Shorts and hedging both rely on futures and options here |
Comparison with traditional investment options
Feature | Fixed Deposit | Debt Fund | Hybrid Fund | Equity Fund | This Fund |
Risk | Low | Low-moderate | Moderate | Moderate-high | Moderate-high, plus derivatives |
Return potential | Fixed | Modest | Blended | Equity-linked | Equity plus long-short calls |
Liquidity | Limited, exit penalty | High | High | High | Daily, Rs 10L minimum, 90-day load |
Horizon | Short-medium | Short-medium | Medium-long | Long term | Long term |
Suitable for | Capital protection | Steady debt returns | Blended exposure | Long-term equity | SIF-eligible, active long-short |
Altiva Equity Long-Short Fund Review by Zenith Finserve
Altiva Equity Long-Short Fund fits investors who have crossed the SIF threshold and want equity exposure managed with more flexibility, including profiting from stocks the manager expects to fall.
Because returns depend on both the long and short calls working out, this strategy sits toward the higher end of equity investing and works best as a satellite holding, not a core one. A horizon of five years or more suits its active, derivative-linked approach.
Used well, a long-short allocation can sit alongside a long-only portfolio to add a different return pattern. Weigh the SIF entry conditions, the expense ratio, and your comfort with derivatives first.
How Zenith Finserve can help
At Zenith Finserve, we follow a process driven investment framework. We assess your goals, cash flows, risk profile, time horizon, existing investments, loans and tax situation before suggesting investments. We align our investment suggestions with your financial objectives and review them periodically to keep them suitable as your circumstances change.
Similar NFOs on Zenith
- Prism Hybrid Long Short Fund NFO: JioBlackRock’s hybrid long-short SIF, blending equity and debt.
- DynaSIF Equity Ex-Top 100 Long-Short Fund NFO: 360 ONE’s equity long-short SIF, focused outside the top 100 stocks.
- Edelweiss Nifty REITs & Realty Index Fund NFO: an earlier Edelweiss launch, though passive rather than active.
Also read: A detailed guide on Specialised Investment Funds (SIFs) and What is SIF investment?
If you’re weighing whether a SIF like this one fits your portfolio, Zenith’s SIF advisory service and mutual fund advisory service can help you assess suitability alongside your other holdings. Read more about Zenith Finserve.
Frequently asked questions
What is Altiva Equity Long-Short Fund?
An open ended equity strategy under Altiva SIF by Edelweiss Mutual Fund, with up to 25 percent in short positions through derivatives.
Is Altiva Equity Long-Short Fund NFO good to invest in?
That depends on your goals, portfolio, and comfort with derivatives. Speak with a qualified advisor first.
What does Altiva Equity Long-Short Fund invest in?
Mainly listed equity, with up to 20 percent in debt or InvITs, and up to 30 percent permitted overseas.
What is the minimum investment in Altiva Equity Long-Short Fund?
Rs 10,00,000, except for existing Altiva SIF investors already meeting this threshold.
When does the Altiva Equity Long-Short Fund NFO open and close?
It opens on 10-09-2026 and closes on 24-09-2026.
Who manages Altiva Equity Long-Short Fund?
Bharat Lahoti and Bhavesh Jain are named in the ISID, with Amit Vora also listed as a manager.
What is the benchmark for Altiva Equity Long-Short Fund? The Nifty 100 TRI.
What is the exit load on Altiva Equity Long-Short Fund?
0.50 percent within 90 days of allotment, nil after that.
Can retail investors with small amounts invest in this SIF? No. The Rs 10,00,000 minimum rules out smaller tickets, except accredited investors, who can enter with Rs 1,00,000.
What makes this different from a normal equity mutual fund?
The ability to take unhedged shorts of up to 25 percent through derivatives, which long-only funds cannot do.
Does Altiva Equity Long-Short Fund use derivatives?
Yes, for shorting, hedging, and rebalancing, with total derivative exposure permitted up to 100 percent of net assets.
What should investors know before applying?
It needs a Rs 10 lakh minimum, a higher expense ratio than a plain index fund, and depends on the manager’s long and short calls both working out.
