/ NFO PERIOD
1ST – 15TH OCT, 2025
altiva SIF
— By Edelweiss Mutual Fund —
RISE. FALL. STALL.
This fund aims to deliver.
Altiva Hybrid Long-Short Fund
Blending equities, fixed income, and derivatives which may help you achieve consistent, low-volatile returns in most of the market conditions.
📈 Building on core income with enhanced drivers
An income oriented strategy with arbitrage and fixed income as core strategies, enhanced by selective opportunities in special situations and derivatives
Portfolio Construction
| Strategy | Allocation Range | |
|---|---|---|
| Core Strategy | Cash-Future Arbitrage & Covered Call | 20-40% |
| Fixed Income | 40-60%^ | |
| Enhanced Drivers | Special Situation (IPO, Open Offer, Buyback, etc.) | 0-10%* |
| Derivative Strategies (Long-Short, Straddle, Strangle, etc.) | 10-20% |
^ Includes Liquid debt. + Exposure managed using liquid debt
💡 What makes this fund an attractive opportunity?
Core allocation to arbitrage and fixed income ensures stable, fixed income like returns, while exposure to special situations and derivatives offers moderate equity growth potential
Combination of multiple strategies aims for smoother outcomes regardless of overall market direction in the medium term
Investors benefit from long-term capital gains taxed over 2 year period at 12.5%, making post-tax returns highly competitive compared to Cat III AIFs with similar strategies
Active management and strict strategy level risk controls help reduce portfolio volatility, provide downside protection, and deliver more stable outcomes
Managed by a highly specialized team with experience across strategies including derivatives and special situations
🛡️ How will we manage risk?
Derivative Strategies
Single Stock Limits
- Large Cap Stocks: <3%
- Mid Cap Stocks: <2%
- Total stocks: **>20**
Sector Limits
- <10% per sector for non-Nifty50 stocks
- +/-7.5% of Nifty50 exposure
Risk mitigation during market sensitive events
- Delta hedging/arbitrage used to manage exposure and mitigate drawdowns
- Stop Loss: 5% at strategy level
Special Situations
IPO
Participate only in main board IPO i.e non-SME, Min Size Rs 1,000 Cr
Open Offer/Buyback
Risk Mitigation in case of a lower expected acceptance ratio
- If F&O stock: Single stock position limit upto 10%
- Non-F&O: Single stock position limit upto 5%
Pair Trade
Potential divergence risk mitigation
- Sector/Theme Neutral
- Granular Portfolio
- Same exposure limits as derivatives
💵 An income-oriented solution & Taxation
Debt Funds Category*
Fixed returns guided by YTM & duration
Taxation
Slab rate
Arbitrage Category
Returns close to Repo/ short-term rates
Taxation
LTCG: 12.5%
STCG: 20%
Holding Period: 12M
Altiva Hybrid Long Short Strategy
Arbitrage Plus
Taxation
LTCG: 12.5%
STCG: Slab Rate
Holding Period: **24M**
Equity Savings Fund Category
Debt like returns with potential for limited to moderate equity upside
Taxation
LTCG: 12.5%
STCG: 20%
Holding Period: 12M
* Short Duration Funds. Please consult tax advisor for better understanding and taxation applicable to specific investments. The above tax doesn't incl cess& surcharge
📊 Back Tested Strategy & Market Expectations
What to expect in different market conditions?
*Incidental long equity exposure from OTM covered calls, pair trades, or event-driven trades (e.g., IPO/open-offer participation); no directional long exposure
Back Tested Strategy - Rolling Returns
Source: Internal. Strategy performance is derived using back tested data. NAV for rolling returns considered for the period 30th June 2019 – 31st August 2025.
📝 Scheme details
- Name
- Altiva Hybrid Long-Short Fund
- Investment objective
- The primary objective of the investment strategy is to generate capital appreciation through equity and equity related instruments and income through arbitrage, derivatives strategies, special situations and fixed income investments.
There is no assurance that the investment objective of the Investment strategy will be achieved. - Benchmark
- NIFTY 50 Hybrid Composite Debt 50:50 Index
- Category of investment strategy
- Hybrid Long-Short Fund
- Type of investment strategy
- Interval
- Fund Manager
- Equity: Mr. Bharat Lahoti, Mr. Bhavesh Jain,
Debt: Mr. Dhawal Dalal, Ms. Pranavi Kulkarni,
Overseas: Mr. Amit Vora - Subscription frequency
- Daily
- Redemption frequency
- Twice in a week (Monday and Wednesday)
- Plan & Options
- Direct, Regular, Growth, IDCW
- Exit load
-
- If the units are redeemed/ switched out on or before 90 days from the date of allotment – **0.50%** of the applicable NAV.
- If the units are redeemed/ switched out after 90 days from the date of allotment – **Nil** - Min application amount
- INR 10 lakh
- Features
- Lump sum, SIP, SWP, STP
- Min investment in SIP, STP, SWP (subject to min investment of Rs 10 lakh)
- Rs. 1,000 and in multiples of Re. 1/- thereafter
Please refer the SID available on website. All investments are subject to market risks.
Ready to Invest with Confidence?
Start your investment journey with Magnum Hybrid Long Short Fund today