Fund-versus-fund research · Direct Growth
Compare how Edelweiss and SBI express hybrid long-short mandates, their benchmarks and dealing windows.
Research framework: Kiran Dutta · Sources, limitations and disclosures
Altiva uses a multi-strategy approach and the NIFTY 50 Hybrid Composite Debt 50:50 benchmark. Magnum uses a pure-long-short approach and the NIFTY 50 Hybrid Composite Debt 50:50 benchmark. Check actual portfolio exposures before interpreting their return gap.
Altiva's reference redemption terms are 2x per week (Mon & Wed); Magnum's are Weekly. The latest AMC dealing notices control. A stronger historical return does not establish a better fit for your liquidity needs.
Aligned NAV date: 2026-10-08. Direct Growth research; SIFPrime investment orders use the plan identified on the ticket. TER, exit-load and dealing terms below are scheme-reference values, not a claim of today's verified rate; confirm the latest AMC disclosure.
| Measure | Altiva Hybrid Long-Short | Magnum Hybrid Long-Short |
|---|---|---|
| Fund house | Edelweiss | SBI Mutual Fund |
| Category | Hybrid Long Short | Hybrid Long Short |
| Approach | multi-strategy | pure-long-short |
| Declared benchmark | NIFTY 50 Hybrid Composite Debt 50:50 | NIFTY 50 Hybrid Composite Debt 50:50 |
| Latest aligned Direct Growth NAV | 10.9717 | 10.3123 |
| 1-month absolute return | -1.58% | -2.34% |
| 3-month absolute return | 1.03% | -1.33% |
| Direct TER reference | 1.35% | 1.20% |
| Regular TER reference | 2.25% | 2.05% |
| Redemption reference | 2x per week (Mon & Wed) | Weekly |
| Settlement reference | T+3 | T+3 |
| Exit-load reference | 0.50% if redeemed within 90 days | 0.50% if redeemed within 90 days |
| Observed common-window volatility | 3.43% | 3.91% |
| Observed common-window Sharpe | 1.35 | -0.56 |
1M window: 2026-09-08 – 2026-10-08. 3M window: 2026-07-09 – 2026-10-08. Returns are shown only when both start and end dates match.
Risk metrics use 2025-10-29 – 2026-10-08, retaining only dates observed for both funds. Volatility and Sharpe are annualized using 252 trading days. Sharpe uses 5.3324% (RBI 91-day Treasury Bill cut-off yield, 2026-07-17). Short histories make annualized metrics provisional.
These are NAV observations, not official AMC risk bands or a capital guarantee. Mandate, derivative exposure, liquidity, cost and portfolio concentration need separate due diligence. A smaller historical drawdown cannot establish that future losses will be smaller.
Mandate, managers, holdings, risks and full source-document context.
Mandate, managers, holdings, risks and full source-document context.
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SIFPrime is a distributor and provides research for information. This page is not a personalized investment recommendation. Fund sources: Trezofin SIF NAV history (2026-10-08); Trezofin SIF NAV history (2026-10-08).