Edelweiss's hybrid long-short SIF with a wide equity band of 25–75% and up to 25% unhedged short exposure — one of the lower risk-band profiles in the category (Risk Band 2). Benchmarked to the NIFTY 50 Hybrid Composite Debt 50:50 Index.
Altiva's score is built on strategy coherence, low-correlation track record, and its lower disclosed risk band. The cost & liquidity score is the highest in the category. Track record is still the only structural cap.
A flexible hybrid with a wide equity band and a capped short overlay — one of the lower risk-band profiles the SIF category has produced so far.
A wide, flexible equity band. The SID allows equity from 25% to 75% of assets, so the fund can lean defensive or more directional as conditions change — it is not fixed at a single equity weight. Arbitrage-style positions (cash-futures, options) can sit inside that equity sleeve.
Up to 25% unhedged short via derivatives. The short overlay is capped at 25% of net assets, with cumulative gross exposure held to 100% of net assets per the SID. The directional equity book is typically large-cap-oriented.
A flexible 25–75% debt band. Debt allocation moves within that range; Edelweiss runs a disciplined fixed-income desk under CIO – Fixed Income Dhawal Dalal — no aggressive duration plays, no credit excursions.
The design favours stability over upside. With a lower disclosed risk band (Level 2) than the equity-heavy SIFs, Altiva is positioned to protect capital through corrections rather than to lead in rallies — the trade-off being a lower return ceiling. Note it is taxed as a non-equity hybrid: LTCG only after 24 months, short-term gains at slab rate.
Altiva sits at the more conservative end of the SIF spectrum. Its mandate runs a 25–75% equity band alongside a matching 25–75% debt band, up to 25% unhedged short exposure via derivatives and up to 20% in REITs/InvITs, with gross exposure capped at 100% of net assets — the widest equity band among the three hybrid long-short SIFs we track. That range lets the team lean defensive or more directional rather than hold a single fixed equity weight.
Two facts shape how it behaves in a portfolio. Its AMC-declared Risk Band is 2 of 5 — a lower band than the equity-heavy SIFs, in keeping with a design that favours steadiness over maximum upside. And it is taxed as a non-equity, balanced-hybrid scheme: 12.5% LTCG applies only after a 24-month holding period, with short-term gains at the investor's slab rate. An investor specifically seeking equity taxation would not find it here.
On access, the scheme is an interval structure open for transactions twice a week (Monday and Wednesday), carries a 0.50% exit load inside 90 days and none thereafter, and has a ₹10 lakh minimum. It has been live since October 2025 — among the earlier SIF launches — so its record still spans well under a full market cycle, a point the live NAV and returns shown above should be read against. Past performance is not indicative of future returns.
The team-managed fund carries a Trustner Fund Score of 76 — our proprietary educational read of its strategy, structure and team, not a recommendation to buy or sell. Taken together, the verified record describes a fund built for investors who value a lower-volatility, tax-deferred hybrid and who accept a lower return ceiling than an equity-heavy SIF in exchange.
Rather than prescribe an allocation, here is a neutral, educational look at the kinds of investors this fund is generally structured for — and the considerations each would weigh. This is not personalised advice: only you, with a qualified professional, can decide what belongs in your own portfolio.
Altiva has the widest equity band; Magnum has the largest AUM; and iSIF Hybrid and Magnum are equity-taxed while Altiva is a non-equity hybrid. Three distinct propositions in the Hybrid LS category.
| Attribute | Altiva Hybrid | iSIF Hybrid | Magnum Hybrid |
|---|---|---|---|
| TFS Score | 76 Solid | 78 High | 75 Solid |
| AMC | Edelweiss | ICICI Prudential | SBI |
| Lead PM | Jain / Lahoti / Dalal | Sankaran Naren | R Srinivasan |
| Launched | Oct 2025 (longest) | Jan 2026 | Oct 2025 |
| Equity allocation | 25–75% | 65–75% | 65–75% |
| AUM | ₹4,466 Cr | ₹844 Cr | ₹3,462 Cr |
| TER (Regular) | 2.18% | 2.64% | 2.06% |
| Best fit | Conservative HNI / arbitrage replacement | Contrarian / unconstrained | Mass-affluent core |
Bold = leader on that row. See all 25 live SIFs →
A Solid-band score, not a slam-dunk. Four scenarios where the thesis weakens.
The people responsible for this SIF, as named in the scheme's official disclosures. Backgrounds are drawn from published fund and AMC sources; fund managers can change over the life of a scheme.
20+ years in fixed income; previously Head – Fixed Income at DSP BlackRock. Runs the scheme's debt sleeve.
Co-Head of Factor Investing; runs the equity sleeve. ~9 years in financial-services research; previously at D.E. Shaw India.
~16 years' experience; an arbitrage and hybrid specialist across Edelweiss's Balanced Advantage and Arbitrage funds.
~19 years as a trader (also Head – Dealing); handles the scheme's overseas and commodity allocation.
Sources: named as designated fund managers since the scheme's inception (Oct 2025) per published fund disclosures via Groww, INDmoney and manager-profile sources. The fund is team-managed and the full roster may vary over time; the scheme's SID is the authoritative record.