Introduction
India’s investment landscape is evolving fast. After SEBI introduced Specialized Investment Funds (SIFs) in April 2025, Edelweiss Mutual Fund is among the first movers with its Altiva Hybrid Long-Short Fund under the Altiva SIF platform. This fund blends equity, debt, and derivatives to deliver risk-adjusted returns and is designed for sophisticated investors who find Mutual Funds too plain and PMS too high-ticket.
What Is Altiva Hybrid Long-Short SIF?
- Category: Specialized Investment Fund (SIF) – Hybrid Long-Short
- Asset Mix: Equity + Debt + Arbitrage + Derivatives + Optional REIT/InvIT exposure
- Objective: Generate growth plus income with a hedged, market-neutral approach
- USP: Allows long-short strategies inside a regulated mutual fund-style wrapper
NFO Details
| Field | Details |
|---|---|
| Opens | 1 October 2025 |
| Closes | 15 October 2025 |
| Minimum Investment | ₹10 lakh for general investors (₹1 lakh for accredited investors in some cases) |
| Redemptions | Every Monday & Wednesday (interval structure) |
| Exit Load | 0.50% if redeemed within 180 days; nil after |
| Benchmark | Nifty 50 Hybrid Composite Debt 15:85 Index |
Strategy Breakdown
Equity Allocation: 25–75% · Debt & Money Market Instruments: 25–75% · Derivatives / Short Positions: 0–25% to hedge risk or take tactical bets · REITs/InvITs Exposure: Up to 20%. This mix allows the fund to potentially earn returns even when markets are flat or moderately volatile, unlike pure long-only equity funds.
Taxation
Taxation in SIFs is aligned with MF taxation. Equity strategies are subject to 12.5% LTCG tax, STCG taxed at 20%. Debt-oriented strategies are taxed per investor slab. Hybrid strategies <65% allocation with >2 years horizon: LTCG 12.5%, STCG per slab. Fund-level taxation nil as per Section 10(23D).
Why Altiva SIF Is Significant
Why Altiva SIF Is Significant
- First Hybrid Long-Short SIF in India — pioneers regulated long-short strategies in MF wrapper
- Lower Entry Barrier — ₹10 lakh minimum (vs ₹50 lakh for PMS)
- Interval Structure — Provides liquidity twice a week
- Tax Transparency — No fund-level tax, investor pays directly
Altiva vs qsif
| Feature | Altiva Hybrid Long-Short SIF (Edelweiss AMC) | qsif Equity Long-Short SIF (Quant AMC) |
|---|---|---|
| NFO Launch Date | 1st Oct - 15th Oct 2025 | 17th Sep - 1st Oct 2025 |
| Min Investment | ₹10 lakh | ₹10 lakh |
| Strategy | Hybrid Long-Short | Equity Long-Short |
| USP | Edelweiss scale + hybrid focus | Quant’s rule-based quant models |
Ideal Investor Profile
- Emerging HNIs (₹10–50 lakh) looking for sophisticated strategies
- Investors seeking diversification beyond Mutual Funds but not ready for PMS
- Risk-aware investors who value hedged, event-driven exposure
How to Apply
Through Edelweiss MF distributors or online platforms once NFO opens. Lump sum initially; SIP/STP features to be confirmed closer to launch.
Conclusion
Altiva Hybrid Long-Short Fund is India’s first hybrid SIF offering long-short strategies in a regulated, mutual fund-style structure. If you’re an emerging HNI seeking professional risk management, tax transparency and interval liquidity, Altiva SIF could be a game-changer.
Want to track all SIF launches, strategies, and filings in one place? Visit SIF360.com — India’s first platform dedicated to SIFs.