Edelweiss Mutual Fund’s Altiva Hybrid Long-Short SIF mobilises Rs 320 crore

Synopsis Edelweiss Mutual Fund’s Altiva Hybrid Long-Short SIF raised Rs 320 crore, reflecting strong investor confidence in its multi-strategy, tax-efficient approach. The fund combines equity arbitrage, fixed income, and special situations to deliver consistent, low-volatility returns with flexible subscription and redemption options. Altiva SIF By Edelweiss Mutual Fund, on Thursday, announced the successful closure of its first SIF fund, Altiva Hybrid Long-Short Fund, under the Altiva SIF platform, raising approximately Rs 320 crore. The robust subscription highlights investor confidence in differentiated, tax-efficient investment strategies designed to deliver consistent outcomes across market conditions. “The successful subscription of the Altiva Hybrid Long-Short Fund reflects the growing investor appetite for innovative and resilient investment solutions that combine stability with tax efficiency. This success reinforces the trend of investors seeking structured, multi-strategy products capable of delivering consistent outcomes across market conditions. At Edelweiss AMC, we remain committed to introducing differentiated products backed by rigorous research and disciplined execution, and will continue to launch innovative, solution-oriented SIF strategies for our investors in the future,” said Radhika Gupta, MD & CEO, Edelweiss Mutual Fund. Also Read | How Rs 78 lakh crore mutual fund industry tweaked portfolios after GST rate cut, before Q2 results Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » The fund house believes that this robust participation across individual and corporate investors underscores the trust bestowed in the brand Altiva by Edelweiss MF. Core allocation to fixed income, arbitrage and smart long/short equity strategies aims to deliver steady, low-volatile returns, enhanced by selective opportunities in special situations The Altiva Hybrid Long-Short Fund is an interval investment strategy that aims to deliver consistent, income-oriented returns through a core allocation in equity arbitrage and high-quality fixed income. This is complemented by selective opportunities in special situations in equity markets, such as IPOs, buybacks, open offers, and mergers, pair trades, along with low-risk derivative strategies like covered calls and straddles. This combination of multiple strategies aims for smoother outcomes regardless of overall market direction in the medium term. Live Events “The overwhelming participation from both individual and corporate investors demonstrates strong confidence in our multi-strategy approach. We are excited about the path ahead and our vision to create all-weather, tax-efficient investment products that cater to evolving investor needs,” said Deepak Jain, President & Head – Sales, Edelweiss Asset Management. Also Read | How to steer clear of common mistakes in mutual fund investments this Diwali The Altiva Hybrid Long-Short Fund is positioned as an interval investment strategy with daily subscriptions and redemptions available twice a week (Mondays and Wednesdays). The minimum application amount is Rs 10 lakh, with options including lump sum, SIP, STP, and SWP. Moreover, since it is under the SIF framework, it allows for taxation efficiency, with long-term capital gains taxed at 12.5% beyond a 24-month holding period. (Catch all the Mutual Fund News, Breaking News, Budget 2024 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online. ...moreless (Catch all the Mutual Fund News, Breaking News, Budget 2024 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online. ...moreless Solar boom or bubble? Inside India’s great renewable overbuild As debts mount, central banks flirt with gold’s hidden value Tech seeks to reskill staff to face AI, but many fall behind as habits die hard With Indian at helm for the first time, can Hyundai regain lost ground? Small-Midcaps slide shows PMS managers have no magic wand Stock Radar: Aurobindo Pharma breaks out from symmetrical triangle pattern; time to buy? Wait for a close above 200-DMA 1 2 3