Altiva SIF · SIF · SIF-123
Altiva Equity Ex- Top 100 Long - Short Fund - Regular Plan - IDCW
Equity Oriented · Equity Ex-Top 100 Long-Short Fund · Open Ended Scheme · Regular IDCW
ISIN (Payout): INF754K30144
Strategy facts
- Declared benchmark
- Nifty 500 TRI
- Fund managers
- Nikhil Gada (since Jun 2026), Trideep Bhattacharya (since Jun 2026), Ashish Sood (since Aug 2026), Amit Vora (Overseas portion) (since Jun 2026)
- Launched
- 18 May 2026
- Minimum investment
- ₹10 lakh
- Risk level (1 low, 5 high)
- Level 5
- Expense ratio, as filed with AMFI
- Direct Plan - 1.69%, Regular Plan - 3.16%
Houses fill this field differently. It may be the base expense ratio only, before GST, brokerage and transaction costs.
- Custodian
- Standard Chartered
- SEBI code
- ALTV/O/E/EELS/26/03/0002/EDEL
- Exit load
- - If the units are redeemed/ switched out on or before 90 days from the date of allotment – 0.50% of the applicable NAV. - If the units are redeemed/switched out after 90 days from the date of allotment – Nil
Investment objective
To generate capital appreciation in the long term by predominantly investing in equity and equity related securities of Ex – top 100 companies. The Investment Strategy may also invest in various derivative instruments, including short exposure through unhedged derivative positions in equity and equity related instruments of Ex – top 100 stocks upto 25%. There is no assurance that the investment objective of the Investment strategy will be achieved.
From AMFI's strategy details and the house's Scheme Summary Document, checked 16 Oct 2026. Strategy document (PDF) Summary document (PDF)
Returns (as of 2026-10-21)
1 Month
-6.79%
3 Months
-4.18%
6 Months
—
Since Inception
+2.57%
from 2026-06-10
CAGR (Inception)
—
< 1 yr history
Risk Indicators
Max Drawdown
-9.52%
Worst peak‑to‑trough fall since inception
Annualised Volatility
14.16%
How bumpy the daily NAV journey is
Based on 133 days of NAV history. Green < 5% MDD / < 12% vol · Amber 5-10% / 12-20% · Red > 10% / > 20%
Risk-adjusted ratios
Since inception, from 91 daily returns. Short histories make these noisy, so treat them as provisional.
Sharpe ratio
0.14
Return per unit of total risk, above a 6% risk-free rate
Sortino ratio
0.18
Same, but counting only the falls
Beta vs Nifty 500
1.03
1.0 moves with the index; lower means more hedged
Down capture
80%
Share of the index's falls it took on down days (lower is better)
Up capture
97%
Share of the index's gains it kept on up days
Worst month
-4.80%
Sep 2026
Best month
6.01%
Jun 2026
Positive months
3 of 4
Completed calendar months that gained
Drawdown recovery
Not yet
0 days since the worst low
Below its high
-9.52%
How far today's NAV is under the highest NAV so far
Beta and capture use the Nifty 500 price index, matched on 91 common trading days.
Portfolio · as on 31 Aug 2026
House's portfolio fileStrategy assets
₹1,366 cr
Net assets in the portfolio file
Equity held
98.1%
45 stocks, top 10 = 32.5%
Futures, net
+0.0%
Short 0.0% · long +0.0%
Net equity exposure
98.1%
Equity held plus futures
How the book is built
Outright equity, little hedging.
Each future and option is matched to the stock it is written on, and coverage is measured by contracts against shares held: the file shows options at their premium, which would make a collar over half the book look like well under 1% of it.
Asset mix, % of net assets
- Equity held +98.1%
- Cash & TREPS +2.8%
- Net receivables -0.9%
Blue bars add to the portfolio, orange bars are short or negative positions.
Top 10 stocks held
| Bharti Hexacom Ltd.Telecom - Services | 3.61% |
| 360 ONE WAM Ltd.Capital Markets | 3.43% |
| Radico Khaitan Ltd.Beverages | 3.36% |
| Akums Drugs & Pharmaceuticals Ltd.Pharmaceuticals & Biotechnology | 3.33% |
| JSW Infrastructure Ltd.Transport Infrastructure | 3.28% |
| CreditAccess Grameen Ltd.Finance | 3.25% |
| Emmvee Photovoltaic Power Ltd.Electrical Equipment | 3.16% |
| SPR Auto Technologies Ltd.Auto Components | 3.09% |
| Bharat Dynamics Ltd.Aerospace & Defense | 3.05% |
| Coforge Ltd.IT - Software | 2.97% |
Largest short positions
No short derivative positions on this date.
Stocks held, by industry
From the house's own portfolio statement; SIFs must publish one at least every alternate month-end. Futures are counted at full contract value, so net equity exposure is equity held plus futures. Options are shown at their premium value, not their market exposure, so they are left out of that figure.
Growth of ₹100 since inception
2026-06-10 → 2026-10-21
| Since inception | Return | Max drawdown |
|---|
All rebased to ₹100 at the SIF's inception. SIFs are long-short (hedged) and aim for a smaller max drawdown rather than out-running a fully-invested fund/index in a rising market, so weigh the drawdown column alongside return.
Fund house's own money in this strategy
| Quarter | Valued on | ₹ crore |
|---|---|---|
| Jul-Sep 2026 | 09 Oct 2026 | 1.47 |
| Apr-Jun 2026 | 10 Jul 2026 | 0.43 |
What the fund house itself has invested in this strategy, as filed with AMFI each quarter. This is the house's own stake, not the size of the strategy (AUM). AMFI does not publish AUM for individual SIF strategies.
Monthly returns · since inception (Jun 2026)
How each calendar month went: green months gained, red months lost. Deeper colour = bigger move.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | · | · | · | · | · | · | +2.1 | +3.5 | -4.8 | -3.8 | · | · | -3.2 |
| Avg | · | · | · | · | · | · | +2.1 | +3.5 | -4.8 | · | · | · | · |
All values in %. Each cell compares the last NAV of the month with the last NAV of the month before. The latest month is month-to-date; the Year column compounds the months shown on that row.
Other plans: Altiva SIF · Equity Ex-Top 100 Long-Short Fund
Minimum investment ₹10 lakh. SIF data from AMFI. Not investment advice. Verify all information with the fund house before investing.