Altiva Hybrid Long-Short Fund

Diversified

Hybrid

India Multi Asset

Others

Aggressive growth Investor Profile

Investor Profile

4–7 yearsInvestment Horizon

HNI, UHNI, Retail Investor, Mass AffluentTarget Segments

SEBI registered equity mutual fund suitable for all investor categoriesRegulatory Fit

What This Strategy Does

Altiva Hybrid Long-Short Fund Regular Growth is an equity hybrid fund which captures India's ₹100 trillion financialization and corporate capex opportunity through long-short positioning, deploying capital across financials, industrials, and technology to achieve benchmark-aligned compounding.

CW Expert Research Notes

Consistent Outperformance

The fund has demonstrated resilient benchmark-relative behavior, outperforming in 9 out of 11 years, highlighting its ability to deliver consistent outcomes across market cycles.

Balanced Allocation

The fund's differentiated construction, with a balanced allocation across asset classes and sectors like financials, industrials, and technology, allows for diversified exposure and potential earnings resilience.

Moderate Risk Profile

With a moderate risk profile, characterized by a volatility of 9.61 and a Sharpe ratio of 0.586, the fund could serve as a core portfolio holding, benefiting from potential catalysts like policy shifts or earnings revisions.

Performance and Risk Analysis

Historical returns, volatility patterns, and how this fund has performed relative to its benchmark.

Fund Performance

0.0% AnnuallyAlpha

+0.0% vs +0.0% benchmarkSince Inception

+0.0% vs +0.0% benchmark3Y Annualized

+0.0% vs +0.0% benchmark5Y Annualized

Altiva Hybrid Long-Short Fund

Benchmark Index

Benchmark Performance Comparison

Edelweiss Altiva Hybrid Long Short Fund

NIFTY 50 + FD Returns

Detailed Risks

Market Risk

Potential recession driven by high inflation could dampen consumer demand, impacting mid-cap holdings.

Liquidity Risk

Significant mid-cap exposure could face liquidity stress during market sell-offs, hindering rebalancing.

Concentration Risk

Concentrated mid-cap holdings face idiosyncratic risks like earnings misses or competitive pressures.

Specific Strategy Risk

Regulatory changes targeting specific sectors could adversely impact concentrated strategy holdings.

Strategy Details

A closer look at the investment thesis, portfolio construction, and current holdings.

Core Investment Theme

Combines long and short positions to generate alpha across market cycles. The long-short approach aims to capture upside from rising stocks while hedging downside risk through short selling, creating a smoother return profile. This flexibility allows the fund to stay invested and compound gains through volatility.

Broader Market View

Market Outlook

Equity markets appear to be entering a mid-cycle phase, with an attractive entry point supported by consumption recovery, earnings normalization, and capex revival. While risks such as margin pressures remain, the fund's tilt towards consumer, financial services, and technology positions it to capitalize on these trends.

Why This Strategy is Attractive Now

This strategy seems well-positioned given its balanced exposure across consumer cyclicals, defensives, financials, and technology. The portfolio's ~70 holdings include market leaders poised to benefit from the current environment. A moderate beta and diversification could provide risk-adjusted participation as the cycle unfolds.

Investment Style & Process

Investment Style

The portfolio exhibits characteristics of a Quality Growth strategy, emphasizing companies with durable competitive advantages, consistent earnings growth, and reasonable valuations relative to their long-term prospects.

Why it Makes Sense

In the current environment of moderating economic growth and elevated uncertainty, a Quality Growth approach can offer a compelling combination of resilience and upside participation, balancing defensive attributes with exposure to secular growth opportunities.

High-Level Investment Process

Sourcing: The strategy appears to focus on companies with strong franchises, pricing power, and sustainable competitive moats, often sourced from sectors with attractive structural tailwinds. Selection: The process suggests a preference for businesses with visible earnings streams, high returns on capital, and reasonable valuations relative to their growth prospects and quality profiles. Construction: Portfolio construction appears aimed at balancing risk exposures, managing position sizes based on conviction levels, and maintaining an adequate level of diversification across sectors and investment themes.

Portfolio Holdings Overview

SectoralAllocation

Consumers12.8%

Services15.04%

Energy & Infra6.17%

Technology7.8%

Utilities3.55%

Financial Services38.88%

Capital Goods15.75%

Geographic Allocation

Domestic100%

Top Stock Holdings

CompanySectorAllocation

The Clearing Corporation Of India Ltd.20.83%

Hindustan Petroleum Corporation Limited2.68%

Manappuram Finance Limited2.66%

Small Industries Development Bank Of India2.65%

National Bank For Agriculture And Rural Development2.65%

17/07/2026 Maturing 182 DTB2.63%

23/07/2026 Maturing 182 DTB2.63%

Jsw Kalinga Steel Limited1.98%

Torrent Pharmaceuticals Ltd1.97%

Piramal Finance Limited1.86%

Fund House Management

The asset management company’s track record, AUM scale, and fund manager credentials.

Fund Manager Track Record

Amit Vora

Amit Vora has experience of 5 years. Manages 91 funds at Altiva SIF by Edelweiss Mutual Fund with an AUM of approximately ₹23,878 Cr

64 years

Combined Team Experience

₹ 70,608 Cr

Assets Under Management

Bharat Lahoti

Co-Portfolio Manager

Mr. Bharat Lahoti has experience of 19 years. Manages 163 funds at Altiva SIF by Edelweiss Mutual Fund with an AUM of approximately ₹28,490 Cr Holds a MMS degree.

Bhavesh Jain

Co-Portfolio Manager

Bhavesh Jain has experience of 1 years. Manages 32 funds at Altiva SIF by Edelweiss Mutual Fund with an AUM of approximately ₹309 Cr

Kedar Karnik

Co-Portfolio Manager

Mr. Kedar Karnik has experience of 8 years. Manages 112 funds at Altiva SIF by Edelweiss Mutual Fund with an AUM of approximately ₹17,930 Cr Holds a B.E. degree.

CW Expert Take

Altiva Hybrid Long-Short Fund combines equity and debt strategies with a focus on risk-adjusted returns. Their investment approach utilizes long and short positions to navigate market cycles while maintaining a balanced allocation between stocks and bonds. The fund house leverages fundamental research capabilities across asset classes, from sector analysis in equities to credit assessment in fixed income. Altiva aims to deliver consistent performance through disciplined portfolio construction and active management.

Investment Philosophy & Approach

Disciplined Approach

Altiva employs a disciplined investment approach focused on rigorous research.

Risk Management

Risk management is integral, with robust processes for portfolio monitoring.

Long-Term Perspective

Altiva maintains a long-term perspective in capital allocation decisions.

Operational & Regulatory Details

What it costs to invest, transaction mechanics, and regulatory disclosures you should know.

Regulatory & Tax Information

INF754K30052

ISIN

DailyDealing Frequency

CRISIL Hybrid 50+50 Moderate TR INRBenchmark

LTCG | >1Year 12.5%% on gain above 1.25 Lakh

STCG | <1Year 20%%

Tax Implications (India)