Home/ SIF Funds/ Altiva Equity Hybrid Long-Short Fund
Equity Long-Short

Altiva Equity Hybrid Long-Short Fund

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

Net Long ?Long book minus short book (% of NAV). The fund's actual unhedged market exposure after netting both sides.
95.7%
of NAV
Gross Exposure ?Long book + |Short book| in absolute terms. Values above 100% reflect leverage through derivatives.
114.1%
of NAV
Gross Short ?Absolute value of all short positions (% of NAV). Includes both hedged shorts (matched against a long holding) and naked shorts.
9.2%
Futures + Options
Naked Shorts ?Short positions with no matching long holding. Pure directional bets — unlike hedged shorts which simply offset a stock held long.
0%
all hedged
Positions
257
178 long + 79 short
Data As Of
Jul 2026
Updated monthly
Physical book is 100% — futures are an additional derivative overlay
This fund's physical holdings (equity, debt, cash equivalents) independently sum to approximately 100% of NAV. The futures positions (long: 2.9% notional) are a derivative overlay on top, expressing additional directional views. Total gross exposure therefore exceeds 100%. Net Long (95.7%) reflects the combined effect of the physical book and the net futures position.

Portfolio Bifurcation — July 2026 (scroll right →)

EQUITY
+67.2%		DEBT
0%		COMMODITY
0%		CASH & EQUIV
+34.8%		OPTIONS
-2.0%		FUTURES
-4.3%
Equity
Long?Equity stocks held long (% of NAV)		Debt
Long?Bonds and fixed-income instruments held long		Commodity
Long?Physical commodity ETFs or commodity fund units (e.g. gold ETFs)		Money
Market?Money market instruments: T-Bills, CDs, Commercial Papers		TREPS /
Repo?Tri-party repos and CCIL settlement receivables — overnight/very short-term, near-cash		Cash
Margin?Cash deposited as margin collateral for derivatives positions — earns repo rate		MF
Units?Units of other mutual funds held in portfolio (excluding commodity ETFs)		InvIT /
REIT?Real Estate Investment Trusts and Infrastructure Investment Trusts		Net
Rec/(Pay)?Net Current Assets: receivables minus payables. Negative = net liability		Long?Options held long — buyer paid the premiumShort?Options written or sold short — shown as absolute value of obligationLong?Futures contracts held long at notional value (% of NAV)Hedged
Short?Short futures matched against a corresponding equity long — limits downside on a held stock		Naked
Short?Short futures with no matching long — directional bet on a stock or index falling
+67.21%--+12.14%+17.90%--+1.84%+2.89%--1.98%+2.91%-7.25%-
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%
Gross Short ?Absolute value of all short positions. Includes hedged + naked shorts.
-9.23%
Holdings
178 long  +  79 short
Company% NAVMkt ValueWeight
Adani Enterprises Ltd.
 2.90% ₹20,356L
Coal India Ltd.
 2.05% ₹14,402L
Shriram Finance Ltd.
 1.70% ₹11,934L
Indus Towers Ltd.
 1.52% ₹10,658L
7.74% Hindustan Petroleum Corporation Ltd. 02-Mar-2028 **
 1.44% ₹10,097L
7.48% National Bank for Agriculture and Rural Development 15-Sep-2028
 1.43% ₹10,007L
7.51% Small Industries Development Bank of India 12-Jun-2028 **
 1.43% ₹10,007L
7.90% Mahindra & Mahindra Financial Services Ltd. 21-Feb-2028
 1.43% ₹10,014L
8.01% Mahindra & Mahindra Financial Services Ltd. 24-Dec-2027 **
 1.43% ₹10,024L
8.60% Manappuram Finance Ltd. 24-Mar-2028 **
 1.42% ₹9,982L
8.75% Piramal Finance Ltd. 29-Oct-2027 **
 1.36% ₹9,523L
Varun Beverages Ltd.
 1.29% ₹9,023L
Cube Highways Trust
 1.24% ₹8,670L
Bharat Heavy Electricals Ltd.
 1.12% ₹7,853L
0% JSW Kalinga Steel Ltd. 24-Mar-2031 **
 1.10% ₹7,741L
7.60% Torrent Pharmaceuticals Ltd. 19-Jan-2029 **
 1.07% ₹7,473L
8.10% TATA Capital Ltd. 23-Sep-2027 **
 1.07% ₹7,532L
8.12% Bajaj Finance Ltd. 10-Sep-2027 **
 1.07% ₹7,530L
Bharti Airtel Ltd.
 1.05% ₹7,372L
Amber Enterprises India Ltd.
 0.99% ₹6,972L
Mahindra & Mahindra Ltd.
 0.97% ₹6,797L
0% JTPM Metal Traders Ltd. 30-Apr-2030 **
 0.84% ₹5,911L
Glenmark Pharmaceuticals Ltd.
 0.80% ₹5,638L
Vodafone Idea Ltd.
 0.79% ₹5,533L
0% Jubilant Beverages Ltd. 31-Mar-2028 **
 0.79% ₹5,562L
InstrumentCoupon% NAVMkt Value
No debt holdings
TREPS / Repo
Instrument% NAVMkt Value
The Clearing Corporation of India Ltd.
 +17.90% ₹125,456L
Money Market
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)
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.
Long Options
InstrumentType% NAVMkt Value
Power Finance Corporation Ltd.
 - +0.00% ₹26.2L
NMDC Ltd.
 - +0.00% ₹27.0L
Bandhan Bank Ltd.
 - +0.00% ₹27.5L
HDFC Life Insurance Company Ltd.
 - +0.00% ₹27.8L
Tata Motors Passenger Vehicles Ltd.
 - +0.00% ₹30.9L
Tata Steel Ltd.
 - +0.00% ₹32.4L
Oil India Ltd.
 - +0.00% ₹34.0L
Fortis Healthcare Ltd.
 - +0.00% ₹42.9L
Reliance Industries Ltd.
 - +0.00% ₹56.2L
Power Grid Corporation of India Ltd.
 - +0.00% ₹4.1L
HDFC Asset Management Co. Ltd.
 - +0.00% ₹4.7L
Bharat Dynamics Ltd.
 - +0.00% ₹4.8L
Dabur India Ltd.
 - +0.00% ₹5.3L
Tata Consultancy Services Ltd.
 - +0.00% ₹5.7L
Punjab National Bank
 - +0.00% ₹7.0L
The Federal Bank Ltd.
 - +0.00% ₹7.3L
Tata Elxsi Ltd.
 - +0.00% ₹8.6L
Axis Bank Ltd.
 - +0.00% ₹10.6L
JSW Steel Ltd.
 - +0.00% ₹13.6L
L&T Finance Ltd.
 - +0.00% ₹22.8L
HDFC Bank Ltd.
 - +0.00% ₹26.3L
Short Options
InstrumentType% NAVMkt Value
Wipro Ltd.
 - -0.01% ₹60.6L
ITC Ltd.
 - -0.01% ₹39.2L
Torrent Pharmaceuticals Ltd.
 - -0.01% ₹39.8L
UPL Ltd.
 - -0.01% ₹52.2L
KEI Industries Ltd.
 - -0.01% ₹45.2L
Mazagon Dock Shipbuilders Ltd.
 - -0.01% ₹46.0L
Mphasis Ltd.
 - -0.01% ₹47.1L
Godrej Properties Ltd.
 - -0.01% ₹47.8L
Swiggy Ltd.
 - -0.01% ₹70.2L
Lodha Developers Ltd.
 - -0.01% ₹71.3L
Kfin Technologies Ltd.
 - -0.01% ₹73.1L
ICICI Bank Ltd.
 - -0.01% ₹84.3L
Central Depository Services (I) Ltd.
 - -0.01% ₹91.2L
Sona Blw Precision Forgings Ltd.
 - -0.01% ₹66.4L
Petronet LNG Ltd.
 - -0.01% ₹57.1L
BSE Ltd.
 - -0.02% ₹182L
Bharat Petroleum Corporation Ltd.
 - -0.02% ₹111L
Premier Energies Ltd
 - -0.02% ₹118L
Cipla Ltd.
 - -0.02% ₹128L
Glenmark Pharmaceuticals Ltd.
 - -0.02% ₹132L
Vodafone Idea Ltd.
 - -0.02% ₹132L
Cochin Shipyard Ltd.
 - -0.02% ₹146L
RBL Bank Ltd.
 - -0.02% ₹151L
Vedanta Ltd.
 - -0.02% ₹154L
IDFC First Bank Ltd.
 - -0.02% ₹162L
Persistent Systems Ltd.
 - -0.02% ₹166L
AU Small Finance Bank Ltd.
 - -0.02% ₹171L
Trent Ltd.
 - -0.02% ₹173L
Ashok Leyland Ltd.
 - -0.02% ₹194L
Titan Company Ltd.
 - -0.03% ₹179L
Aurobindo Pharma Ltd.
 - -0.03% ₹192L
Muthoot Finance Ltd.
 - -0.03% ₹204L
Multi Commodity Exchange of India Ltd.
 - -0.03% ₹219L
Inox Wind Ltd.
 - -0.03% ₹188L
Delhivery Ltd.
 - -0.03% ₹183L
Union Bank of India
 - -0.03% ₹169L
Indus Towers Ltd.
 - -0.04% ₹328L
Infosys Ltd.
 - -0.04% ₹312L
NBCC (India) Ltd.
 - -0.04% ₹214L
Adani Enterprises Ltd.
 - -0.04% ₹284L
Maruti Suzuki India Ltd.
 - -0.04% ₹270L
Biocon Ltd.
 - -0.04% ₹253L
Mahindra & Mahindra Ltd.
 - -0.05% ₹400L
Shriram Finance Ltd.
 - -0.05% ₹354L
Coal India Ltd.
 - -0.05% ₹348L
Eternal Ltd.
 - -0.05% ₹335L
Jio Financial Services Ltd.
 - -0.05% ₹331L
Cholamandalam Investment & Finance Co. Ltd.
 - -0.05% ₹288L
One 97 Communications Ltd.
 - -0.06% ₹419L
Varun Beverages Ltd.
 - -0.06% ₹423L
Bharti Airtel Ltd.
 - -0.06% ₹433L
Adani Energy Solutions Ltd.
 - -0.06% ₹434L
CG Power and Industrial Solutions Ltd.
 - -0.07% ₹489L
Dixon Technologies (India) Ltd.
 - -0.07% ₹512L
Amber Enterprises India Ltd.
 - -0.08% ₹520L
Manappuram Finance Ltd.
 - -0.08% ₹521L
Bharat Heavy Electricals Ltd.
 - -0.08% ₹547L
Bajaj Finance Ltd.
 - -0.09% ₹599L
Coforge Ltd.
 - -0.09% ₹622L
Long Futures
Contract% NAVMkt ValueExpiry
Dixon Technologies (India) Ltd.
 +0.88% ₹6,169L -
Trent Ltd.
 +0.44% ₹3,051L -
Infosys Ltd.
 +0.29% ₹2,001L -
Wipro Ltd.
 +0.26% ₹1,838L -
Mazagon Dock Shipbuilders Ltd.
 +0.21% ₹1,472L -
Kfin Technologies Ltd.
 +0.18% ₹1,227L -
KEI Industries Ltd.
 +0.15% ₹1,070L -
Premier Energies Ltd
 +0.12% ₹839L -
Lodha Developers Ltd.
 +0.09% ₹618L -
Oil India Ltd.
 +0.08% ₹535L -
Swiggy Ltd.
 +0.06% ₹450L -
L&T Finance Ltd.
 +0.06% ₹393L -
Tata Elxsi Ltd.
 +0.03% ₹184L -
Bharat Dynamics Ltd.
 +0.03% ₹226L -
Tata Consultancy Services Ltd.
 +0.02% ₹160L -
Persistent Systems Ltd.
 +0.01% ₹69.6L -
Reliance Industries Ltd.
 +0.00% ₹32.8L -
Short Futures — Hedged
Contract% NAVMkt ValueExpiry
Ambuja Cements Ltd.
 -0.01% ₹36.5L -
ITC Ltd.
 -0.01% ₹92.4L -
Hindalco Industries Ltd.
 -0.02% ₹165L -
Adani Ports and Special Economic Zone Ltd.
 -0.04% ₹283L -
Steel Authority of India Ltd.
 -0.05% ₹358L -
ICICI Bank Ltd.
 -0.06% ₹441L -
Vodafone Idea Ltd.
 -0.06% ₹402L -
HDFC Life Insurance Company Ltd.
 -0.07% ₹467L -
Tata Consumer Products Ltd.
 -0.08% ₹593L -
Ashok Leyland Ltd.
 -0.11% ₹800L -
Godrej Properties Ltd.
 -0.12% ₹824L -
Coal India Ltd.
 -0.13% ₹880L -
Delhivery Ltd.
 -0.13% ₹921L -
IDFC First Bank Ltd.
 -0.17% ₹1,157L -
Adani Green Energy Ltd.
 -0.24% ₹1,676L -
Glenmark Pharmaceuticals Ltd.
 -0.25% ₹1,757L -
Bharti Airtel Ltd.
 -0.34% ₹2,413L -
HDFC Bank Ltd.
 -0.46% ₹3,197L -
Adani Enterprises Ltd.
 -2.20% ₹15,444L -
Adani Energy Solutions Ltd.
 -2.70% ₹18,902L -
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 Long ?Long book minus short book (% of NAV). Actual unhedged market exposure.95.7%
Gross Short ?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%
Gross Exposure ?Long book + |Short book|. 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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