Upcoming NFO: Edelweiss Mutual Fund Files Draft for Altiva Equity Ex-Top 100 Long-Short Fund

Edelweiss Mutual Fund  has filed a draft investment strategy information document for the Altiva Equity Ex-Top 100 Long-Short Fund under the Altiva Specialised Investment Fund (SIF) platform.  

The document dated January 30, 2026, outlines the proposed structure, investment framework, and operating details of the strategy.  

The strategy is proposed as an open-ended investment product that will invest mainly in equity and equity-related instruments.  

It also allows limited short exposure through derivative instruments. The benchmark identified for the strategy is the Nifty 500 Total Return Index (TRI).  

Investment Focus 

The strategy will primarily invest in companies outside the top 100 by full market capitalisation. These companies typically fall within the mid-cap and small-cap segments of the market. 

Under normal circumstances, 65% to 100% of the portfolio may be invested in equity and equity-related instruments of these companies. The document states that the investment approach will follow bottom-up stock selection based on company-level analysis.  

Asset Allocation Structure 

Apart from equities outside the top 100 companies, the strategy may allocate funds to other instruments. 

Up to 35% of the portfolio may be invested in other equity securities, while debt and money market instruments may also account for up to 35% of the assets. Investments of up to 20% may be made in Infrastructure Investment Trusts (InvITs).  

The cumulative exposure across equity, debt, InvITs and derivatives will remain within 100% of the strategy’s net assets, according to the document.  

Use of Derivatives 

The draft allows the use of exchange-traded derivatives such as stock and index futures and options. These instruments may be used for hedging, portfolio adjustments and other permitted strategies.  

The strategy may take unhedged short exposure of up to 25% of net assets in equities of companies outside the top 100 through derivative positions.  

Overseas Investments 

The strategy may invest up to 30% of its net assets in overseas securities. These may include global equities, exchange-traded funds, and depository receipts, subject to regulatory limits.  

The investment universe may also include government securities, corporate bonds, securitised debt, and other money market instruments.  

Investment Terms 

Units of the strategy will be issued at ₹10 per unit during the New Fund Offer (NFO). The minimum investment amount has been set at ₹10 lakh, while accredited investors may invest with a minimum of ₹1 lakh.  

The strategy will offer Direct and Regular plans with growth and income distribution options. Subscriptions and redemptions will be available on business days at NAV-based prices.  

Exit Load and Redemption Terms 

The document states that an exit load of 0.50% will apply if units are redeemed within 90 days of allotment. No exit load will apply after 90 days.  

Redemption proceeds are expected to be dispatched within 3 working days from the date of the redemption request.  

Fund Management 

According to the draft document, the strategy will be managed by Trideep Bhattacharya, Bhavesh Jain and Amit Vora.  

Read More: 360 ONE Asset Closes 5th Private Credit Fund With ₹3,500 Crore Commitments! 

Conclusion  

The draft document outlines the structure, asset allocation and investment framework of the proposed strategy. The fund is currently at the filing stage and does not have a performance record. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.   
 
Mutual Fund Investments are subject to market risks, read all the related documents carefully before investing.