Edelweiss Mutual Fund has launched the Altiva Hybrid Long-Short Fund, a new investment strategy under its Specialised Investment Fund (SIF) platform.
The fund’s New Fund Offer (NFO) will be open for subscription from October 1 to October 15.
What is the fund about?
The Altiva Hybrid Long-Short Fund is designed as an interval investment strategy, combining multiple approaches to generate consistent, income-oriented returns with low volatility. Its core allocation focuses on equity arbitrage and high-quality fixed income, while selective opportunities in special situations such as IPOs, buybacks, mergers, pair trades and low-risk derivative strategies like covered calls and straddles are used to enhance returns.
This multi-strategy approach aims to deliver smoother outcomes regardless of market direction, providing an “all-weather” solution for investors.
Tax efficiency
The fund offers a tax-efficient structure, with long-term capital gains (LTCG) above a 24-month holding period taxed at 12.5%, plus applicable surcharge and cess. This rate is positioned as more attractive than typical Category III AIFs, making post-tax returns potentially higher for investors.
Subscription and redemption details
- Minimum investment: ₹10 lakh
- Options: Lump sum, SIP, STP, SWP
- Redemption frequency: Twice weekly (Mondays and Wednesdays)
- Subscription frequency: Daily
Objective and investor benefits
According to Radhika Gupta, MD & CEO of Edelweiss Mutual Fund, the fund is designed to provide resilience and growth across market cycles, combining disciplined investing, diversification, and selective strategies in equities and derivatives.