Edelweiss MF launches equity-focused long-short fund under Altiva SIF

Altiva SIF, the specialised investment fund platform of Edelweiss Mutual Fund, has launched the Altiva Equity Ex-Top 100 Long-Short Fund, a new scheme focused on mid- and small-cap companies outside the top 100 by market capitalisation.

The new fund offer (NFO) opened on May 18 and will close on June 1.

Units are being offered at ₹10 during the subscription period.

According to the fund house, the scheme will invest primarily in companies ranked between 101 and 750 by market capitalisation. The strategy is sector-agnostic and aims to build a portfolio of 35–45 high-conviction stocks selected through a bottom-up investment approach.
The fund will also have the flexibility to take limited short positions through derivatives as part of its long-short strategy to manage market cycles and volatility.

The asset manager said the scheme seeks to tap opportunities in the small- and mid-cap (SMID) segment, which it described as an area with broader growth potential beyond large-cap companies. It also noted that recent corrections in SMID valuations have improved the risk-reward profile for investors.

Radhika Gupta, Managing Director and Chief Executive Officer of Edelweiss Mutual Fund, said the launch expands the company’s offerings under the specialised investment fund platform following the introduction of its hybrid long-short strategy earlier.

The fund will be managed by Trideep Bhattacharya, President and Chief Investment Officer – Equities, along with Nikhil Gada, Senior Vice President at the fund house.

Specialised Investment Funds (SIFs) are a category introduced to offer more flexible investment strategies compared to traditional mutual fund schemes, while operating within a regulated structure.

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