Edelweiss Mutual Fund has launched a new investment scheme under its Altiva Specialized Investment Fund platform. The new fund is called the Altiva Equity X Top 100 Long Short Fund.
The New Fund Offer (NFO) is currently open for investors and will remain available till June 1. During the offer period, each unit is priced at ₹10.
Radhika Gupta said the company is excited about this new strategy after receiving a good response to its earlier fund launch.
Fund Will Focus on Mid and Small-Cap Companies
Unlike many traditional funds, this scheme will invest in companies that are outside India’s top 100 firms by market value. In simple terms, the fund will mainly target mid-cap and small-cap stocks.
According to the fund managers, many growing businesses in this segment are still overlooked by the market. They believe these companies may deliver strong returns in the future as they expand.
This strategy is designed for investors who are looking for growth opportunities beyond large and well-known companies.
Long-Short Strategy Aims to Control Market Risk
The fund will follow a long-short investment strategy. This means the fund will mainly buy stocks for long-term gains, but it can also take short positions through derivatives to reduce the impact of market volatility.
Trideep Bhattacharya said the recent correction in mid-cap and small-cap stocks could provide a good entry opportunity for investors.
The company believes this strategy may help balance risk while still allowing investors to benefit from market growth.
Fund Managers and Exit Rules
The fund will be managed by three experienced professionals:
Trideep Bhattacharya
Nikhil Gada
Amit Vora
Its performance will be compared with the Nifty 500 TRI benchmark.
Investors who withdraw money within 90 days of allotment will have to pay an exit load of 0.50%. However, there will be no exit charge after 90 days.
The fund is mainly suitable for investors who are planning to stay invested for the long term.
