NFO Alert: Edelweiss Mutual Fund’s Altiva SIF to launch Equity Ex-Top 100 Long-Short Fund

Synopsis

Edelweiss Mutual Fund has launched its second Altiva SIF offering, the Altiva Equity Ex-Top 100 Long-Short Fund. This equity-led strategy aims for long-term capital appreciation by focusing on small and midcap companies, offering a differentiated investment opportunity beyond the top 100 by market capitalization.

Altiva SIF by Edelweiss Mutual Fund on Monday announced the launch of its second offering under the Altiva Specialised Investment Fund (SIF) platform, marking a strategic expansion into equity-led specialised strategies.

The new fund, Altiva Equity Ex-Top 100 Long-Short Fund, is designed to deliver long-term capital appreciation by investing in equity and equity-related instruments, with a differentiated focus on opportunities beyond the top 100 companies.

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The new fund offer or NFO of the fund is open for subscription and will close on June 1, with units priced at Rs 10 during the offer period.

"Following the successful launch of Altiva Hybrid Long Short Fund - now the largest SIF in the industry, driven by a strong investment track record and the confidence and trust of our investors - we are excited to introduce our next strategy,” said Radhika Gupta, MD & CEO, Edelweiss Mutual Fund.

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“Altiva Equity ex Top 100 is predominantly a long-only strategy designed to capture long-term alpha through a high-conviction small and midcap portfolio. Backed by our strong track record in managing mid and small-cap funds and deep bottom-up stock research, this offering will focus on building a focused portfolio of high-conviction ideas,” Gupta further said.

The Altiva Equity Ex-Top 100 Long-Short Fund adopts a unique approach by focusing on companies outside the top 100 by market capitalisation, enabling investors to access a broader and potentially under-researched segment of the market. The strategy combines bottom-up stock selection with the flexibility to take both long and limited short positions, including through derivatives, to navigate market cycles effectively.

“The ex-Top 100 strategy, focused on small and midcaps, opens opportunity to a broader universe of companies across sectors that are largely absent in the large-cap space. It represents a fertile ground for high-growth businesses that are yet to be fully discovered by the market and have the potential to generate meaningful alpha. With the recent correction in SMID valuations, the strategy offers an attractive entry opportunity for investors,” said Trideep Bhattacharya, President & CIO - Equities, Edelweiss Mutual Fund.

The fund will be managed by Trideep Bhattacharya, Nikhil Gada and Amit Vora. The performance will be benchmarked against Nifty 500 TRI.

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If the units are redeemed/ switched out on or before 90 days from the date of allotment, an exit load of 0.50% of the applicable NAV will be charged. If the units are redeemed/switched out after 90 days from the date of allotment, the exit load will be nil.

The fund is suitable for investors who are seeking to generate capital appreciation in the long term and want an open-ended investment strategy investing in equity and equity related instruments including limited short exposure in equity through derivative instruments of Ex – top 100 stocks.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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