HomeFund UniverseAltiva Equity Ex-Top 100 LS

Altiva Equity Ex-Top 100 LS

Allotted 8 Jun 20263 mo old
By Edelweiss · Launched Jun 2026

Holds at least 65% in stocks ranked outside the top 100 by market capitalisation — a mid- and small-cap tilt — with unhedged short exposure of up to 25% of net assets.

Equity Ex-Top 100 Long-Short SEBI-regulated SIF · ₹10L minimum Regular-Growth plan tracked
🗺️Universe note — AMFI’s July 2026 reclassification. The “top 100” this fund must stay outside is AMFI’s six-monthly list. The July 2026 update (H1-2026 average market cap; large-cap cut-off ≈ ₹1.06 lakh crore) moved 9 stocks out of the top 100 — Bosch, Dr Reddy’s, Hero MotoCorp, Indian Hotels, Lodha, Max Healthcare, Mazagon Dock, Siemens Energy India, LG Electronics India — making them eligible for this fund’s core universe, and 8 in (BSE, Vodafone Idea, Hitachi Energy India, Jindal Steel, Indian Bank, Indus Towers, Groww, BHEL), which leave it. Basis: AMFI categorisation list, July 2026; summary by Mata Securities ↗.
Minimum investment
₹10 lakh
₹1 lakh for accredited investors
SEBI norm for Specialized Investment Funds
NAV
₹10.918
Official AMFI · Regular · 18 Sep 2026
1M Return
▼ 2.83%
Absolute · Regular
3M Return
▲ 4.03%
Absolute · Regular
6M Return
Fund under six months old
Since inception
▲ 9.18%
Since allotment, vs face value
AUM
₹1,366 Cr
Value Research · 21 Sep 2026
Expense Ratio
1.82%
AMFI · Regular plan · 11 Sep 2026

Daily NAV performance

Official daily NAVs from our archive of AMFI's SIF NAV feed, plotted for the plan selected. Use the buttons to change the period; the dates covered are shown under the chart. The monthly table gives each calendar month's change.

Monthly returns

Month-on-month change computed from month-end official NAVs in our archive. The first and current months are partial: they run from the earliest, or to the latest, NAV we hold.

Building from the NAV archive…

Portfolio holdings

Every line disclosed in the AMC's portfolio disclosure as of 30 Jun 2026, ranked by exposure. The ten largest are shaded. Portfolios are disclosed periodically, so these are the most recent published positions — not live weights.

43
Disclosed portfolio lines
43.07%
Top-10 concentration
12.52%
TREPs
as printed by the AMC
#SecuritySector / bucketSideExposure
01
TREPs
TREPsLONG12.52%
02
Radico Khaitan Ltd
Fast Moving Consumer GoodsLONG3.68%
03
Billionbrains Garage Ventures Limited
Financial ServicesLONG3.66%
04
Bharat Dynamics Limited
Capital GoodsLONG3.60%
05
JSW Infrastructure Limited.
ServicesLONG3.55%
06
Bharti Hexacom Limited
TelecommunicationLONG3.41%
07
360 One Wam Limited
Financial ServicesLONG3.25%
08
ICICI Lombard General Insurance Co Ltd
Financial ServicesLONG3.24%
09
HDFC Bank Ltd
Financial ServicesLONG3.11%
10
Neuland Laboratories Limited
HealthcareLONG3.05%
11
Emmvee Photovoltaic Power Limited
Capital GoodsLONG2.99%
12
Shriram Pistons & Rings Ltd
Automobile And Auto ComponentsLONG2.90%
13
Akums Drugs And Pharmaceuticals Limited
HealthcareLONG2.75%
14
Coforge Limited
Information TechnologyLONG2.72%
15
Endurance Technologies Ltd
Automobile And Auto ComponentsLONG2.60%
16
Gravita India Ltd.
Metals & MiningLONG2.46%
17
ICICI Bank Ltd
Financial ServicesLONG2.22%
18
Concord Biotech Ltd.
HealthcareLONG2.02%
19
City Union Bank Ltd
Financial ServicesLONG1.98%
20
Sagility Limited
Information TechnologyLONG1.88%
21
Eris Lifesciences Ltd
HealthcareLONG1.85%
22
Schneider Electric Infrastructure Ltd
Capital GoodsLONG1.83%
23
Creditaccess Grameen Limited
Financial ServicesLONG1.80%
24
Equitas Small Finance Bank Ltd.
Financial ServicesLONG1.80%
25
Jyoti CNC Automation Limited
Capital GoodsLONG1.79%
26
Minda Corporation Ltd.
Automobile And Auto ComponentsLONG1.79%
27
Ujjivan Small Finance Bank Ltd
Financial ServicesLONG1.77%
28
PNB Housing Finance Ltd
Financial ServicesLONG1.75%
29
PG Electroplast Ltd
Consumer DurablesLONG1.72%
30
Hindustan Petroleum Corporation Ltd
Oil, Gas & Consumable FuelsLONG1.71%
31
Aditya Birla Sun Life AMC Ltd
Financial ServicesLONG1.70%
32
Can Fin Homes Ltd
Financial ServicesLONG1.68%
33
TBO Tek Limited
Consumer ServicesLONG1.68%
34
Reliance Industries Ltd
Oil, Gas & Consumable FuelsLONG1.66%
35
Shaily Engineering Plastics Ltd
Consumer DurablesLONG1.23%
36
Syrma SGS Technology Ltd
Capital GoodsLONG1.14%
37
Power Mech Projects Ltd
ConstructionLONG1.05%
38
Mrs. Bectors Food Specialities Limited
Fast Moving Consumer GoodsLONG1.02%
39
Jubilant Ingrevia Limited
ChemicalsLONG1.01%
40
Prestige Estates Project
RealtyLONG0.92%
41
Samhi Hotels Ltd.
Consumer ServicesLONG0.88%
42
V-Mart Retail Ltd
Consumer ServicesLONG0.86%
43
Indigo Paints Limited
Consumer DurablesLONG0.85%

Showing the 10 largest positions. The full disclosed book, including the short side, is one click away.

Largest equity sectors

Aggregated from the disclosed cash-equity lines.

Financial Services
27.96%
Capital Goods
11.35%
Healthcare
9.67%
Automobile And Auto Components
7.29%
Fast Moving Consumer Goods
4.70%
Information Technology
4.60%

No gross/net exposure figure is stated, and no derivative or short positions are disclosed in the June 2026 portfolio table. The scheme's stated investment objective permits short exposure through unhedged derivative positions in Ex-Top 100 equities up to 25%, but none appear in this disclosure. Fund inception was 8 June 2026, so this is the first month-end portfolio. Commentary states cash levels are 'temporarily elevated due to month-end flows'.

Normalised from the AMC's published portfolio statement. Derivative market value, notional exposure and regulatory gross exposure can be measured on different bases, so the AMC's own statement remains controlling. Holdings are historical and change without notice — this is not a recommendation to buy or sell any security.

How the fund actually invests

A mid- and small-cap long-short strategy: at least 65% sits in companies ranked outside the top 100 by market capitalisation, with unhedged short positions in those same ex-top-100 stocks permitted up to 25% of net assets. Benchmarked to the Nifty 500 TRI, with daily subscription and redemption.

The objective, as stated in the scheme document. Edelweiss's Investment Strategy Information Document defines the aim as generating "capital appreciation in the long term by predominantly investing in equity and equity related securities of Ex-top 100 companies," adding that the strategy may take "short exposure through unhedged derivative positions in equity and equity related instruments of Ex-top 100 stocks upto 25%."

The mandate is explicitly SMID. At least 65% of total assets go to equity and equity-related securities (including REITs) of ex-top-100 companies — defined as everything other than the AMFI large-cap list of the 1st to 100th companies by full market capitalisation. Up to 35% may sit in other equity, up to 35% in debt and money-market instruments, and up to 20% in InvIT units.

Shorting is targeted at the same universe. The 25% unhedged short cap applies specifically to ex-top-100 stocks, so the short book is designed to express views within the mid- and small-cap universe rather than to hedge with large-cap index futures. Derivatives exposure may reach 100% of net assets, with cumulative gross exposure capped at 100%.

Daily liquidity and a short load window. Unlike several interval-structured SIFs, this strategy accepts subscriptions and processes redemptions on every business day. The exit load is comparatively light: 0.50% if you redeem on or before 90 days from allotment, and nil after that.

The management structure was revised after launch. At launch the strategy was managed by Trideep Bhattacharya and Nikhil Gada, with Amit Vora responsible for the overseas portion. With effect from 3 August 2026, Edelweiss added Ashish Sood as Assistant Fund Manager to that structure.

Fund mechanics

Benchmark
Nifty 500 TRI
Ex-top-100 equity (incl. REITs, incl. unhedged shorts)
65–100% of total assets
Other equity & equity related
0–35%
Debt & money market
0–35%
InvIT units
0–20%
Unhedged short cap
Up to 25% of net assets, in ex-top-100 stocks; derivatives exposure up to 100%
Structure
Open-ended — not an interval strategy
Subscription & redemption
Daily, on every business day
Exit load
0.50% if redeemed or switched out on or before 90 days from allotment; Nil thereafter
Minimum investment
₹10,00,000 initial (₹1,00,000 for accredited investors; ₹1,000 for existing Altiva SIF investors meeting the threshold); ₹1,000 additional
Plans & options
Regular and Direct; Growth and IDCW (reinvestment / payout / transfer)
NFO
18 May – 1 June 2026, at ₹10 per unit
Date of allotment
8 June 2026
Risk band
Level 5 (higher risk); benchmark Nifty 500 TRI at Level 3 — confirmed by Edelweiss's Risk Band Summary dated 8 July 2026
Strategy code
ALTV/O/E/EELS/26/03/0002/EDEL

Sources: Edelweiss MF — Investment Strategy Information Document (ISID) · Edelweiss MF — scheme page · Edelweiss MF — Risk Band Summary, 8 July 2026 · Edelweiss MF — addendum: change in fund management structure, 30 July 2026. Scheme facts are as disclosed by the AMC at the time of writing; fund managers, load structures and allocation bands can change — always read the current SID/KIM before investing.

Documents & source files

Everything on this page traces back to a document Edelweiss published. Here they are, so you can read the primary source yourself rather than take our word for it.

When new documents appear. AMCs publish the previous month's factsheet and portfolio disclosure in the first week or so of each month — so from around the 8th you can generally expect the prior month-end file. Our desk re-checks every AMC on that cycle and updates the holdings and figures on this page. Links point to the AMC's own site, so you always land on their current file, not a stale copy of ours.

Every Equity Ex-Top 100 Long-Short SIF we track

All Equity Ex-Top 100 Long-Short funds we track, with their latest NAV, trailing returns, size and risk level. This fund is highlighted. Click a column heading to sort the table; the # column then shows each fund's position on that column. It is arithmetic on the period you chose, not a rating or a recommendation. Most SIFs are young, so check each fund's age before comparing. Open any fund's page from its name, or use the compare tool for a side-by-side view.

#NAV
Loading live data…

“—” means the fund is too young for that period or the figure isn't disclosed yet. Default order: 3-month return. NAV and returns follow the plan selected above (Growth option); AUM and risk level from Value Research.

What an Equity Ex-Top 100 Long-Short SIF actually does

Holds at least 65% in stocks ranked outside the top 100 by market capitalisation — a mid- and small-cap tilt — with unhedged short exposure of up to 25% of net assets.

Every Specialized Investment Fund sits between mutual funds and PMS: a ₹10 lakh minimum (aggregated per PAN per AMC), SEBI's Chapter VI-C framework, and mutual-fund-grade taxation — equity-oriented strategies attract 12.5% LTCG after 12 months. Learn the mechanics on our What is a SIF page, or read the August 2026 Coverage Report.

On sourcing. The scheme facts on this page are taken from the AMC's own Scheme Information Document, Investment Strategy Information Document and Key Information Memorandum, with the source linked above. The live NAV comes from AMFI; AUM and risk level from Value Research; the expense ratio from AMFI. Where a detail is not disclosed by the AMC we say so rather than estimate it — we never guess a number.

Questions about this fund?

SIFs carry a ₹10 lakh minimum and real derivative risk. Talk to a Trustner relationship manager — 20 minutes, no fee, no obligation. We are an AMFI-registered distributor (ARN-286886); we do not provide personalised investment advice.

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Who runs the money

The management team

The people named as designated fund managers in the scheme's official disclosures. Fund managers can change over the life of a scheme — verify against the current KIM before investing.

TB
Trideep Bhattacharya
Fund Manager
NG
Nikhil Gada
Fund Manager
AS
Ashish Sood
Assistant Fund Manager (added with effect from 3 August 2026)
AV
Amit Vora
Fund Manager — overseas investments
Trustner relationship manager
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