Fund-versus-fund research · Direct Growth
Read benchmark, allocation and redemption differences before interpreting short-history hybrid returns.
Research framework: Kiran Dutta · Sources, limitations and disclosures
Arudha Hybrid uses a pure-long-short approach and the CRISIL Hybrid 85+15 Conservative Index benchmark. Altiva uses a multi-strategy approach and the NIFTY 50 Hybrid Composite Debt 50:50 benchmark. Check actual portfolio exposures before interpreting their return gap.
Arudha Hybrid's reference redemption terms are Mondays and Wednesdays (subject to AMC dealing-day terms and subsequent addenda); Altiva's are 2x per week (Mon & Wed). 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 | Arudha Hybrid Long-Short | Altiva Hybrid Long-Short |
|---|---|---|
| Fund house | Bandhan Mutual Fund | Edelweiss |
| Category | Hybrid Long Short | Hybrid Long Short |
| Approach | pure-long-short | multi-strategy |
| Declared benchmark | CRISIL Hybrid 85+15 Conservative Index | NIFTY 50 Hybrid Composite Debt 50:50 |
| Latest aligned Direct Growth NAV | 10.4270 | 10.9717 |
| 1-month absolute return | 0.12% | -1.58% |
| 3-month absolute return | 0.97% | 1.03% |
| Direct TER reference | 1.25% | 1.35% |
| Regular TER reference | 2.10% | 2.25% |
| Redemption reference | Mondays and Wednesdays (subject to AMC dealing-day terms and subsequent addenda) | 2x per week (Mon & Wed) |
| 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 | 1.19% | 3.78% |
| Observed common-window Sharpe | 0.63 | 1.08 |
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 2026-02-04 – 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: AMFI SIF daily NAV (2026-10-08); AMFI SIF daily NAV (2026-10-08).