Altiva Ex-Top 100 Long-Short: September review - high equity allocation, changing company mix
Key takeaway
Cash equity is 98.63% of NAV, up 1.07 percentage points from 31 July 2026. The ten largest company holdings account for 34.16% of NAV.
Cash equity98.63%
Top-ten cash equity34.16%
Cash-equity rows42
AI Brief
What changed
Cash equity is 98.63% of NAV, up 1.07 percentage points from 31 July 2026. The ten largest company holdings account for 34.16% of NAV.
Why it matters
Cash equity is 98.63% of NAV, so company and sector selection are central to understanding this snapshot. The absence of separately captured derivative lines does not establish a permanent unhedged strategy.
What to watch
Watch concentration in auto components, banks and pharmaceuticals, and the replacement of individual holdings within a broadly stable equity allocation.
What remains uncertain
Cash-equity comparison only; the broader disclosure scopes differ. Changes are not confirmed trades. Option values and derivative notionals are separate from asset allocation.
Generated by Codex source-reviewed editorial research from this article and its evidence · 11 Oct 2026
OUR READING
SIFprime View
Listed equity leads at 98.63%
Cash equity is 98.63% of NAV, so company and sector selection are central to understanding this snapshot. The absence of separately captured derivative lines does not establish a permanent unhedged strategy.
Explore the evidencePORTFOLIO ALLOCATION
Latest allocation & changes
Latest disclosed figures. A comparable previous disclosure is not available.
- Listed equity
- 98.63%
- Money market
- 4.23%
- Cash and net current assets
- -2.86%
Only quantified categories are shown. Missing figures are not zero; changes appear only when both disclosures are comparable.
Explore the disclosed holdings
Altiva Ex-Top 100 Long-Short · 30 Sept 2026
Portfolio sleeves
Listed equitylong
42 disclosed lines
Scroll inside the table to inspect all rows. The page layout stays fixed.
| # | Security / ISIN | Sector / bucket | Weight (% NAV) | Exposure (% NAV) |
|---|---|---|---|---|
| 01 | 360 ONE WAM Ltd.INE466L01038 · long | Capital Markets | 3.93% | 3.93% |
| 02 | JSW Infrastructure Ltd.INE880J01026 · long | Transport Infrastructure | 3.89% | 3.89% |
| 03 | Bharti Hexacom Ltd.INE343G01021 · long | Telecom - Services | 3.77% | 3.77% |
| 04 | Radico Khaitan Ltd.INE944F01028 · long | Beverages | 3.68% | 3.68% |
| 05 | Akums Drugs & Pharmaceuticals Ltd.INE09XN01023 · long | Pharmaceuticals & Biotechnology | 3.45% | 3.45% |
| 06 | SPR Auto Technologies Ltd.INE526E01018 · long | Auto Components | 3.34% | 3.34% |
| 07 | Bharat Dynamics Ltd.INE171Z01026 · long | Aerospace & Defense | 3.10% | 3.10% |
| 08 | Shadowfax Technologies Ltd.INE12UN01015 · long | Transport Services | 3.08% | 3.08% |
| 09 | Emmvee Photovoltaic Power Ltd.INE1C6T01020 · long | Electrical Equipment | 3.05% | 3.05% |
| 10 | Coforge Ltd.INE591G01025 · long | IT - Software | 2.87% | 2.87% |
| 11 | CreditAccess Grameen Ltd.INE741K01010 · long | Finance | 2.85% | 2.85% |
| 12 | Aditya Birla Sun Life Amc Ltd.INE404A01024 · long | Capital Markets | 2.82% | 2.82% |
| 13 | Jyoti CNC Automation Ltd.INE980O01024 · long | Industrial Manufacturing | 2.60% | 2.60% |
| 14 | Gabriel India Ltd.INE524A01029 · long | Auto Components | 2.59% | 2.59% |
| 15 | CarTrade Tech Ltd.INE290S01011 · long | Retailing | 2.52% | 2.52% |
| 16 | Ujjivan Small Finance Bank Ltd.INE551W01018 · long | Banks | 2.43% | 2.43% |
| 17 | Power Mech Projects Ltd.INE211R01019 · long | Construction | 2.40% | 2.40% |
| 18 | PNB Housing Finance Ltd.INE572E01012 · long | Finance | 2.40% | 2.40% |
| 19 | Equitas Small Finance Bank Ltd.INE063P01018 · long | Banks | 2.29% | 2.29% |
| 20 | Minda Corporation Ltd.INE842C01021 · long | Auto Components | 2.28% | 2.28% |
| 21 | Neuland Laboratories Ltd.INE794A01010 · long | Pharmaceuticals & Biotechnology | 2.28% | 2.28% |
| 22 | PG Electroplast Ltd.INE457L01029 · long | Consumer Durables | 2.22% | 2.22% |
| 23 | Endurance Technologies Ltd.INE913H01037 · long | Auto Components | 2.22% | 2.22% |
| 24 | Billionbrains Garage Ventures Ltd.INE0HOQ01053 · long | Capital Markets | 2.19% | 2.19% |
| 25 | TBO Tek Ltd.INE673O01025 · long | Leisure Services | 2.16% | 2.16% |
| 26 | Gravita India Ltd.INE024L01027 · long | Minerals & Mining | 2.14% | 2.14% |
| 27 | City Union Bank Ltd.INE491A01021 · long | Banks | 2.12% | 2.12% |
| 28 | HDFC Bank Ltd.INE040A01034 · long | Banks | 2.10% | 2.10% |
| 29 | Schneider Electric Infrastructure Ltd.INE839M01018 · long | Electrical Equipment | 2.08% | 2.08% |
| 30 | Sagility Ltd.INE0W2G01015 · long | IT - Services | 2.02% | 2.02% |
| 31 | Eris Lifesciences Ltd.INE406M01024 · long | Pharmaceuticals & Biotechnology | 1.91% | 1.91% |
| 32 | Concord Biotech Ltd.INE338H01029 · long | Pharmaceuticals & Biotechnology | 1.89% | 1.89% |
| 33 | Jubilant Ingrevia Ltd.INE0BY001018 · long | Chemicals & Petrochemicals | 1.87% | 1.87% |
| 34 | Hindustan Petroleum Corporation Ltd.INE094A01015 · long | Petroleum Products | 1.75% | 1.75% |
| 35 | Prestige Estates Projects Ltd.INE811K01011 · long | Realty | 1.52% | 1.52% |
| 36 | Indigo Paints Ltd.INE09VQ01012 · long | Consumer Durables | 1.46% | 1.46% |
| 37 | ICICI Bank Ltd.INE090A01021 · long | Banks | 1.36% | 1.36% |
| 38 | Shaily Engineering Plastics Ltd.INE151G01028 · long | Consumer Durables | 1.35% | 1.35% |
| 39 | Mrs. Bectors Food Specialities Ltd.INE495P01020 · long | Food Products | 1.27% | 1.27% |
| 40 | Syrma SGS Technology Ltd.INE0DYJ01015 · long | Industrial Manufacturing | 1.25% | 1.25% |
| 41 | Reliance Industries Ltd.INE002A01018 · long | Petroleum Products | 1.18% | 1.18% |
| 42 | V-Mart Retail Ltd.INE665J01013 · long | Retailing | 0.95% | 0.95% |
Weight and exposure are separate source fields. Source signs are retained; missing values are unavailable, not zero. Derivative weights do not establish total or unhedged exposure.
Portfolio construction
- Common-company cash equity 98.63%; Money market 4.23%; Cash and net current assets -2.86%. Values are the separate reported percentages of NAV.
- 42 positive common-company equity lines; top ten 34.16% of NAV. Largest holdings: 360 ONE WAM Ltd. (3.93%); JSW Infrastructure Ltd. (3.89%); Bharti Hexacom Ltd. (3.77%).
- Largest classified equity sectors: Auto Components 10.43% of NAV; Banks 10.30% of NAV; Pharmaceuticals & Biotechnology 9.53% of NAV.
- The negative cash/net-current-assets figure is a net-payable balance, not a negative bank balance or an inferred borrowing amount. Read it with the other source entries.
Changes in company holdings
- Cash-equity comparison: 31 July 2026 to 30 September 2026. Common-equity weight moved from 97.56% to 98.63% (increased by 1.07 percentage points).
- Newly present in the common-equity snapshot: 3 companies. Largest disclosed weights: Shadowfax Technologies Ltd. (3.08%); Gabriel India Ltd. (2.59%); CarTrade Tech Ltd. (2.52%).
- No longer present in the common-equity snapshot: 3 companies. Largest disclosed weights: ICICI Lombard General Insurance Company Ltd. (3.86% previously); Can Fin Homes Ltd. (1.92% previously); Samhi Hotels Ltd. (1.06% previously).
- Power Mech Projects Ltd.: 1.03% to 2.40% of NAV (up 1.37 percentage points).
- Gravita India Ltd.: 3.38% to 2.14% of NAV (down 1.24 percentage points).
- Endurance Technologies Ltd.: 3.30% to 2.22% of NAV (down 1.08 percentage points).
- These company comparisons use the dated cash-equity rows only. Differences in the broader capture, particularly derivatives, prevent a like-for-like automated whole-portfolio comparison.
Derivatives, measured separately
- No separate derivative position is captured in this dated portfolio. This is not a statement that the fund never uses derivatives or that its mandate has changed.
SIFprime reading and what to watch
- Cash equity is 98.63% of NAV, so company and sector selection are central to understanding this snapshot. The absence of separately captured derivative lines does not establish a permanent unhedged strategy.
- Watch concentration in auto components, banks and pharmaceuticals, and the replacement of individual holdings within a broadly stable equity allocation.
Dates and evidence limits
- Holdings are as of 30 September 2026; research prepared on 11 October 2026. The preparation date is not asserted to be the AMC publication date.
- Snapshot differences can reflect transactions, market prices, corporate actions and investor flows. They do not identify trade dates, returns or the manager's intent.
- Funded assets, futures percentages, option values and swap notionals use different measures. They are not added into a single gross or net exposure figure.
Sources & methodology
How to read this research
- Analysis uses the captured disclosure. Portfolio dates and the report preparation date are shown separately.
- Cash-equity concentration uses long cash-equity weights. Derivatives are measured separately and are not added to allocation weights.
- Changes compare disclosed snapshots; they do not establish trade timing or manager intent. Interpretation is separate from the disclosed facts.