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Equity Long-Short

Altiva Equity Hybrid Long-Short Fund

by Edelweiss Mutual Fund  |  Specialised Investment Fund  |  Min. ₹10 Lakh

How this fund deploys capital — July 2026

↑ Long Positions
Equity+69.05%
Long Futures+2.91%
Gross Long+72.0%
↓ Short Book
Hedged Futures-7.25%
Short Options-1.98%
Short Book ?Absolute value of all short positions. Includes hedged + naked shorts.-9.2%
7.3% hedged  +  0.00% naked
■ Income & Liquid
Liquid / Repo+30.04%
Net Rec/(Pay)+2.89%
Income & Liquid+30.0%
Net Equity Exposure: +95.7%  |  All positions sum to 95.66% of NAV
Last updated: July 2026  |  Next update: August 2026
Portfolio Allocation
July 2026
Equity (Long)
67.21%
Debt (Long)
0.00%
Cash & Equivalents
34.77%
Futures (Long)
2.91%
Options (Long)
0.00%
Short Book ?Absolute value of all short positions. Includes hedged + naked shorts.
-9.23%
Holdings
163 long  +  79 short
PositionType% NAVMkt ValueWeight
Adani Enterprises Ltd.
Equity2.90%₹20,356L
Coal India Ltd.
Equity2.05%₹14,402L
Shriram Finance Ltd.
Equity1.70%₹11,934L
Indus Towers Ltd.
Equity1.52%₹10,658L
7.74% Hindustan Petroleum Corporation Ltd. 02-Mar-2028 **
Equity1.44%₹10,097L
7.48% National Bank for Agriculture and Rural Development 15-Sep-2028
Equity1.43%₹10,007L
7.51% Small Industries Development Bank of India 12-Jun-2028 **
Equity1.43%₹10,007L
7.90% Mahindra & Mahindra Financial Services Ltd. 21-Feb-2028
Equity1.43%₹10,014L
8.01% Mahindra & Mahindra Financial Services Ltd. 24-Dec-2027 **
Equity1.43%₹10,024L
8.60% Manappuram Finance Ltd. 24-Mar-2028 **
Equity1.42%₹9,982L
8.75% Piramal Finance Ltd. 29-Oct-2027 **
Equity1.36%₹9,523L
Varun Beverages Ltd.
Equity1.29%₹9,023L
Cube Highways Trust
Equity1.24%₹8,670L
Bharat Heavy Electricals Ltd.
Equity1.12%₹7,853L
0% JSW Kalinga Steel Ltd. 24-Mar-2031 **
Equity1.10%₹7,741L
7.60% Torrent Pharmaceuticals Ltd. 19-Jan-2029 **
Equity1.07%₹7,473L
8.10% TATA Capital Ltd. 23-Sep-2027 **
Equity1.07%₹7,532L
8.12% Bajaj Finance Ltd. 10-Sep-2027 **
Equity1.07%₹7,530L
Bharti Airtel Ltd.
Equity1.05%₹7,372L
Amber Enterprises India Ltd.
Equity0.99%₹6,972L
Mahindra & Mahindra Ltd.
Equity0.97%₹6,797L
Dixon Technologies (India) Ltd.
Futures Long0.88%₹6,169L
0% JTPM Metal Traders Ltd. 30-Apr-2030 **
Equity0.84%₹5,911L
Glenmark Pharmaceuticals Ltd.
Equity0.80%₹5,638L
Vodafone Idea Ltd.
Equity0.79%₹5,533L
Hedged Short Futures — 7.25% of NAV Covered
ContractShort %Matched LongMkt Value
Ambuja Cements Ltd.
-0.01%+0.01% Ambuja Cements (net +0.00%)₹36.5L
ITC Ltd.
-0.01%+0.54% ITC (net +0.53%)₹92.4L
Hindalco Industries Ltd.
-0.02%+0.02% Hindalco Industries (net +0.00%)₹165L
Adani Ports and Special Economic Zone Ltd.
-0.04%+0.04% Adani Ports and Special Econ (net +0.00%)₹283L
Steel Authority of India Ltd.
-0.05%+0.05% Steel Authority of India (net +0.00%)₹358L
ICICI Bank Ltd.
-0.06%+0.46% ICICI Bank (net +0.40%)₹441L
Vodafone Idea Ltd.
-0.06%+0.79% Vodafone Idea (net +0.73%)₹402L
HDFC Life Insurance Company Ltd.
-0.07%+0.15% HDFC Life Insurance Company (net +0.08%)₹467L
Tata Consumer Products Ltd.
-0.08%+0.08% Tata Consumer Products (net +0.00%)₹593L
Ashok Leyland Ltd.
-0.11%+0.23% Ashok Leyland (net +0.12%)₹800L
Godrej Properties Ltd.
-0.12%+0.21% Godrej Properties (net +0.09%)₹824L
Coal India Ltd.
-0.13%+2.05% Coal India (net +1.92%)₹880L
Delhivery Ltd.
-0.13%+0.50% Delhivery (net +0.37%)₹921L
IDFC First Bank Ltd.
-0.17%+0.10% IDFC First Bank (net -0.07%)₹1,157L
Adani Green Energy Ltd.
-0.24%+0.24% Adani Green Energy (net +0.00%)₹1,676L
Glenmark Pharmaceuticals Ltd.
-0.25%+0.80% Glenmark Pharmaceuticals (net +0.55%)₹1,757L
Bharti Airtel Ltd.
-0.34%+1.05% Bharti Airtel (net +0.71%)₹2,413L
HDFC Bank Ltd.
-0.46%+0.75% HDFC Bank (net +0.29%)₹3,197L
Adani Enterprises Ltd.
-2.20%+2.90% Adani Enterprises (net +0.70%)₹15,444L
Adani Energy Solutions Ltd.
-2.70%+0.08% Adani Energy Solutions (net -2.62%)₹18,902L
Short Options — 1.98% of NAV Covered Calls / Puts
InstrumentType% NAVMkt Value
Wipro Ltd.
Put-0.01%₹60.6L
ITC Ltd.
Put-0.01%₹39.2L
Torrent Pharmaceuticals Ltd.
Put-0.01%₹39.8L
UPL Ltd.
Put-0.01%₹52.2L
KEI Industries Ltd.
Put-0.01%₹45.2L
Mazagon Dock Shipbuilders Ltd.
Put-0.01%₹46.0L
Mphasis Ltd.
Put-0.01%₹47.1L
Godrej Properties Ltd.
Put-0.01%₹47.8L
Swiggy Ltd.
Put-0.01%₹70.2L
Lodha Developers Ltd.
Put-0.01%₹71.3L
Kfin Technologies Ltd.
Put-0.01%₹73.1L
ICICI Bank Ltd.
Put-0.01%₹84.3L
Central Depository Services (I) Ltd.
Put-0.01%₹91.2L
Sona Blw Precision Forgings Ltd.
Put-0.01%₹66.4L
Petronet LNG Ltd.
Put-0.01%₹57.1L
BSE Ltd.
Put-0.02%₹182L
Bharat Petroleum Corporation Ltd.
Put-0.02%₹111L
Premier Energies Ltd
Put-0.02%₹118L
Cipla Ltd.
Put-0.02%₹128L
Glenmark Pharmaceuticals Ltd.
Put-0.02%₹132L
Vodafone Idea Ltd.
Put-0.02%₹132L
Cochin Shipyard Ltd.
Put-0.02%₹146L
RBL Bank Ltd.
Put-0.02%₹151L
Vedanta Ltd.
Put-0.02%₹154L
IDFC First Bank Ltd.
Put-0.02%₹162L
Persistent Systems Ltd.
Put-0.02%₹166L
AU Small Finance Bank Ltd.
Put-0.02%₹171L
Trent Ltd.
Put-0.02%₹173L
Ashok Leyland Ltd.
Put-0.02%₹194L
Titan Company Ltd.
Put-0.03%₹179L
Aurobindo Pharma Ltd.
Put-0.03%₹192L
Muthoot Finance Ltd.
Put-0.03%₹204L
Multi Commodity Exchange of India Ltd.
Put-0.03%₹219L
Inox Wind Ltd.
Put-0.03%₹188L
Delhivery Ltd.
Put-0.03%₹183L
Union Bank of India
Put-0.03%₹169L
Indus Towers Ltd.
Put-0.04%₹328L
Infosys Ltd.
Put-0.04%₹312L
NBCC (India) Ltd.
Put-0.04%₹214L
Adani Enterprises Ltd.
Put-0.04%₹284L
Maruti Suzuki India Ltd.
Put-0.04%₹270L
Biocon Ltd.
Put-0.04%₹253L
Mahindra & Mahindra Ltd.
Put-0.05%₹400L
Shriram Finance Ltd.
Put-0.05%₹354L
Coal India Ltd.
Put-0.05%₹348L
Eternal Ltd.
Put-0.05%₹335L
Jio Financial Services Ltd.
Put-0.05%₹331L
Cholamandalam Investment & Finance Co. Ltd.
Put-0.05%₹288L
One 97 Communications Ltd.
Put-0.06%₹419L
Varun Beverages Ltd.
Put-0.06%₹423L
Bharti Airtel Ltd.
Put-0.06%₹433L
Adani Energy Solutions Ltd.
Put-0.06%₹434L
CG Power and Industrial Solutions Ltd.
Put-0.07%₹489L
Dixon Technologies (India) Ltd.
Put-0.07%₹512L
Amber Enterprises India Ltd.
Put-0.08%₹520L
Manappuram Finance Ltd.
Put-0.08%₹521L
Bharat Heavy Electricals Ltd.
Put-0.08%₹547L
Bajaj Finance Ltd.
Put-0.09%₹599L
Coforge Ltd.
Put-0.09%₹622L
59 covered call/put positions — individual premiums are small (<0.1% each). All written against held long positions for yield enhancement.
TREPS / Repo — 17.90%
Instrument% NAVMkt Value
The Clearing Corporation of India Ltd.
+17.90%₹125,456L
Money Market — 12.14%
Instrument% NAVMkt Value
364 DAY T-BILL 08.10.26
+1.77%₹12,378L
182 DAY T-BILL 03.09.26
+1.63%₹11,446L
364 DAY T-BILL 17.09.26
+1.42%₹9,933L
364 DAY T-BILL 02.10.26
+1.41%₹9,911L
Accrued Interest
+0.94%₹6,563L
182 DAY T-BILL 06.08.26
+0.71%₹4,996L
364 DAY T-BILL 06.08.26
+0.71%₹4,996L
182 DAY T-BILL 27.08.26
+0.71%₹4,982L
91 DAY T-BILL 20.08.26
+0.71%₹4,987L
182 DAY T-BILL 13.08.26
+0.71%₹4,991L
182 DAY T-BILL 18.09.26
+0.71%₹4,966L
182 DAY T-BILL 10.09.26
+0.50%₹3,480L
182 DAY T-BILL 21.08.26
+0.21%₹1,496L
Net Rec/(Pay) — 2.89%
Instrument% NAVMkt Value
Net Receivables/(Payables)
+2.89%₹19,993L
Estimated margin required: ~0.11% of NAV. Cash & equivalents stand at 32.9% — approximately 302x coverage. TREPS and money market instruments earn 6.5–7.5% p.a. — an active yield position, not idle margin reserve.
Portfolio Analysis
Updated July 2026
July 2026 — Monthly Update

Altiva Equity Hybrid Long-Short Fund runs a fully hedged short book. All 79 short futures/options positions are paired with corresponding equity longs, resulting in minimal unhedged market exposure from the short side.

Net long exposure of 95.7% is driven by the equity book (69.0%), debt (0.0%), and cash & equivalents (32.9%). The equity + futures combination contributes alpha through relative performance, independent of broad market direction.


March 2026 — Initial Coverage

Tequity initiated coverage of Altiva Equity Hybrid Long-Short Fund with the March 2026 portfolio disclosure. Updated monthly as Edelweiss Mutual Fund publishes new disclosures on the AMFI portal.

Data sourced directly from AMFI monthly portfolio disclosure. All figures as a percentage of Net Asset Value.

Portfolio History
Updated monthly
July 2026

Net long: 95.66%. Gross exposure: 114.12%. Equity: 69.05%, Debt: 0.00%, Cash & Equiv: 32.93%, Options Short: 1.98%, Futures Short: 7.25%. Naked futures short: 0% (fully hedged). Total positions: 257.

June 2026

Net long: 93.95%. Gross exposure: 110.19%. Equity: 68.29%, Debt: 0.00%, Cash & Equiv: 33.00%, Options Short: 1.29%, Futures Short: 6.83%. Naked futures short: 0% (fully hedged). Total positions: 226.

May 2026

Net long: 88.34%. Gross exposure: 119.04%. Equity: 80.17%, Debt: 0.00%, Cash & Equiv: 21.78%, Options Short: 1.95%, Futures Short: 13.40%. Naked futures short: 0% (fully hedged). Total positions: 258.

April 2026

Net long: 99.11%. Gross exposure: 111.11%. Equity: 69.14%, Debt: 0.00%, Cash & Equiv: 33.13%, Options Short: 2.27%, Futures Short: 3.73%. Naked futures short: 0.27%. Total positions: 233.

March 2026

Net long: 102.38%. Gross exposure: 114.64%. Equity: 68.82%, Debt: 0.00%, Cash & Equiv: 32.22%, Options Short: 1.10%, Futures Short: 5.03%. Naked futures short: 0.46%. Total positions: 250.

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Fund Details
AMCEdelweiss Mutual Fund
CategoryEquity Long-Short
Fund TypeSIF (SEBI Regulated)
Min. Investment₹10 Lakh
NAV DisclosureDaily
Portfolio DisclosureMonthly (AMFI)
Exposure Metrics
Net Equity Exposure ?Long positions minus short positions (% of NAV). Actual unhedged market exposure.95.7%
Short Book ?Absolute value of all short positions. Includes hedged + naked shorts.9.2%
Naked Short ?Shorts with no matching long. Pure directional bets against specific stocks.0%
Total Exposure ?Long book + Short book combined. Values above 100% indicate derivative leverage.114.1%
Disclaimer: All data sourced from AMFI monthly portfolio disclosures (July 2026). Tequity Investing is an AMFI-registered Mutual Fund Distributor (ARN-245270). This is not investment advice. Specialised Investment Funds carry higher risk and are suitable only for sophisticated investors with a minimum investment of ₹10 lakh. Please consult a SEBI-registered financial planner before investing. Past performance is not indicative of future results.

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