Altiva SIF by Edelweiss
Altiva Hybrid Long-Short Fund
A multi-strategy hybrid long-short fund combining equity growth, special situations, fixed income, and overseas investments for sophisticated investors seeking diversified returns.
by Edelweiss Asset Management Limited
₹10L
Min Investment
2x/Week
Redemption
3 Days
Settlement
2.00%
Max TER
Altiva SIF Returns Scorecard
1 Month
+1.46%
3 Months
+2.53%
Since Inception
+5.31%
Source: AMFI • NAV as of March 31, 2026
NFO Information
NFO Open Date
October 01, 2025
NFO Close Date
October 15, 2025
NFO Price
₹10 per unit
Reopening Date
On/Before Oct 31, 2025
Multi-Strategy Investment Approach
Equity Strategy
Long positions in equity and equity-related instruments for capital appreciation.
Special Situations
IPOs, FPOs, Rights Issues, Buybacks, Mergers, Demergers, QIPs, Delistings.
Fixed Income
Debt and money market instruments for accrual income and price appreciation.
Overseas
Global equity, debt, and thematic opportunities through direct securities or ETFs.
Asset Allocation Matrix
| Asset Class | Min % | Max % |
|---|---|---|
| Equity & Equity-Related | 25% | 75% |
| Debt & Money Market | 25% | 75% |
| Short Unhedged Derivatives | 0% | 25% |
| REITs & InvITs | 0% | 20% |
| Overseas Securities | 0% | 30% |
Note: Cumulative Gross Exposure across all instruments should NOT exceed 100% of net assets.
Derivative Strategies
Cash-Futures Arbitrage
Simultaneously buy in spot and sell in futures to lock in spreads during pricing inefficiencies.
Position: Cash + Short stocks
Risk: Basis risk, rollover cost
Covered Call Writing
Write call options against existing equity holdings to enhance yield in range-bound markets.
Position: Cash/Future + Call written
Profit limited to option premium
Protective Put
Buy put options to limit downside in volatile markets while maintaining upside potential.
Position: Cash/Future + Long put
Risk: Premium cost, time decay
Pair Trading
Capture relative value between two correlated securities/indices regardless of direction.
Position: Long & Short
Risk: Correlation breakdown
Straddle/Strangle
Express view on market volatility with limited or undefined directional bias.
Position: Long or Short
Risk: Time decay, timing risk
Index/Stock Futures
Used for short-term risk reduction, rebalancing, or expressing directional bias.
Position: Long/Short
Risk: Beta estimation, rollover
Special Situations Strategy
The fund capitalizes on event-driven opportunities for tactical short-term return generation:
Investment Limits & Restrictions
| Instrument/Activity | Limit |
|---|---|
| Securities Lending | Max 20% of net assets; Max 5% to single intermediary |
| Derivatives (Non-hedging) | Max 25% short exposure; Options premium max 20% |
| Securitized Debt | Max 25% of debt portfolio |
| Overseas Securities | Up to 30% (No overseas derivatives) |
| REITs and InvITs | Up to 20% of net assets |
| AT1/AT2 Bonds | Up to 10% of NAV of debt portfolio |
| Repo/Reverse Repo (Corporate Debt) | Up to 10% of net assets |
| Equity Derivatives (Hedging) | Up to 100% of equity exposure |
Performance Across Market Scenarios
Bull Market
Nifty +15%
Participates in upside while covered calls may cap extreme gains
Bear Market
Nifty -15%
Short positions + arbitrage + debt cushion the fall significantly
Sideways Market
Nifty ±5%
Generates returns even when markets don't move through income strategies
Who Should Invest?
Suitable For
- HNIs seeking diversified multi-strategy approach
- Investors comfortable with hybrid equity-debt strategies
- Those seeking global diversification exposure
- Investors wanting event-driven special situations exposure
- Minimum 3+ year investment horizon
Not Suitable For
- Investors seeking guaranteed returns
- Those requiring daily liquidity access
- Investors who cannot meet ₹10 lakh minimum
- Those uncomfortable with derivative strategies
- Short-term traders looking for quick exits
Investment Requirements
Regular Investors
- Minimum Investment (NFO)₹10,00,000
- Additional Purchase₹1,000
- SIP Minimum₹1,000/month
Accredited Investors
- Minimum Investment₹1,00,000
- Additional Purchase₹1,000
- SIP Minimum₹1,000/month
Threshold Compliance
If investment value falls below ₹10L due to redemption (active breach), units are frozen. You get 30 days to rebalance or units are auto-redeemed.
Redemption & Liquidity
Subscription
Daily
After scheme reopens
Redemption Days
Mon & Wed
Every week
Settlement
T+3 Days
Working days
Exit Load
0.50%
If redeemed within 90 days
Fund Management Team
Bhavesh Jain
Fund Manager
Bharat Lahoti
Fund Manager
Dhawal Dalal
Fund Manager
Pranavi Kulkarni
Fund Manager
Amit Vora
Fund Manager
Key Risk Factors
Benchmark Index
NIFTY 50 Hybrid Composite Debt 50:50 Index
This benchmark represents 50% allocation to equity (NIFTY 50) and 50% allocation to debt, matching the fund's hybrid equity-debt allocation approach.