Altiva Equity Long-Short Fund: September review - the first captured monthly equity portfolio
Cash equity is 50.94% of NAV. This is a current-portfolio review; a reliable earlier cash-equity comparison is unavailable. The ten largest company holdings account for 27.75% of NAV.
AI Brief
What changed
Cash equity is 50.94% of NAV. This is a current-portfolio review; a reliable earlier cash-equity comparison is unavailable. The ten largest company holdings account for 27.75% of NAV.
Why it matters
The first captured portfolio combines 50.94% cash equity with a 6.66% long index-futures position. The money-market and net-current-asset figures are unusually large and offsetting, so neither should be read in isolation as freely available cash.
What to watch
Watch how the money-market and net-payable balances settle in the next disclosure, and whether the initial company mix changes. No earlier monthly capture is available for a defensible trend.
What remains uncertain
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
SIFprime View
Money market leads at 104.17%
The first captured portfolio combines 50.94% cash equity with a 6.66% long index-futures position. The money-market and net-current-asset figures are unusually large and offsetting, so neither should be read in isolation as freely available cash.
Explore the evidencePORTFOLIO ALLOCATION
Latest allocation & changes
Latest disclosed figures. A comparable previous disclosure is not available.
- Listed equity
- 50.94%
- Money market
- 104.17%
- Cash and net current assets
- -55.11%
Derivative positioning
- Long derivativesFutures reported %
- 6.66%
- Futures · signed totalFutures reported %
- 6.66%
Percentages are compared on the same source basis. These measures can overlap and are not added to capital allocation. Contract or short-stock rotations are not treated as company additions or removals.
Only quantified categories are shown. Missing figures are not zero; changes appear only when both disclosures are comparable.
Explore the disclosed holdings
Altiva Equity Long-Short Fund · 30 Sept 2026
Portfolio sleeves
64 disclosed lines
Scroll inside the table to inspect all rows. The page layout stays fixed.
| # | Security / ISIN | Sector / bucket | Weight (% NAV) | Exposure (% NAV) |
|---|---|---|---|---|
| 01 | ICICI Bank Ltd.INE090A01021 · long | Banks | 4.95% | 4.95% |
| 02 | HDFC Bank Ltd.INE040A01034 · long | Banks | 4.93% | 4.93% |
| 03 | Reliance Industries Ltd.INE002A01018 · long | Petroleum Products | 3.98% | 3.98% |
| 04 | Larsen & Toubro Ltd.INE018A01030 · long | Construction | 2.66% | 2.66% |
| 05 | Bharti Airtel Ltd.INE397D01024 · long | Telecom - Services | 2.65% | 2.65% |
| 06 | State Bank of IndiaINE062A01020 · long | Banks | 1.98% | 1.98% |
| 07 | Bajaj Finance Ltd.INE296A01032 · long | Finance | 1.65% | 1.65% |
| 08 | Infosys Ltd.INE009A01021 · long | IT - Software | 1.65% | 1.65% |
| 09 | Mahindra & Mahindra Ltd.INE101A01026 · long | Automobiles | 1.65% | 1.65% |
| 10 | Axis Bank Ltd.INE238A01034 · long | Banks | 1.65% | 1.65% |
| 11 | Kotak Mahindra Bank Ltd.INE237A01036 · long | Banks | 1.33% | 1.33% |
| 12 | Eternal Ltd.INE758T01015 · long | Retailing | 1.00% | 1.00% |
| 13 | ITC Ltd.INE154A01025 · long | Diversified FMCG | 0.99% | 0.99% |
| 14 | Tata Consultancy Services Ltd.INE467B01029 · long | IT - Software | 0.99% | 0.99% |
| 15 | Titan Company Ltd.INE280A01028 · long | Consumer Durables | 0.99% | 0.99% |
| 16 | Hindustan Unilever Ltd.INE030A01027 · long | Diversified FMCG | 0.67% | 0.67% |
| 17 | Maruti Suzuki India Ltd.INE585B01010 · long | Automobiles | 0.66% | 0.66% |
| 18 | Sun Pharmaceutical Industries Ltd.INE044A01036 · long | Pharmaceuticals & Biotechnology | 0.66% | 0.66% |
| 19 | Nestle India Ltd.INE239A01024 · long | Food Products | 0.53% | 0.53% |
| 20 | Tech Mahindra Ltd.INE669C01036 · long | IT - Software | 0.50% | 0.50% |
| 21 | Avenue Supermarts Ltd.INE192R01011 · long | Retailing | 0.50% | 0.50% |
| 22 | Hindustan Aeronautics Ltd.INE066F01020 · long | Aerospace & Defense | 0.50% | 0.50% |
| 23 | Apollo Hospitals Enterprise Ltd.INE437A01024 · long | Healthcare Services | 0.50% | 0.50% |
| 24 | Coforge Ltd.INE591G01025 · long | IT - Software | 0.49% | 0.49% |
| 25 | TVS Motor Company Ltd.INE494B01023 · long | Automobiles | 0.49% | 0.49% |
| 26 | Solar Industries India Ltd.INE343H01029 · long | Chemicals & Petrochemicals | 0.47% | 0.47% |
| 27 | SBI Life Insurance Co. Ltd.INE123W01016 · long | Insurance | 0.40% | 0.40% |
| 28 | ICICI Lombard General Insurance Company Ltd.INE765G01017 · long | Insurance | 0.34% | 0.34% |
| 29 | Meesho Ltd.INE0VDM01015 · long | Retailing | 0.34% | 0.34% |
| 30 | Aditya Birla Sun Life Amc Ltd.INE404A01024 · long | Capital Markets | 0.34% | 0.34% |
| 31 | Max Healthcare Institute Ltd.INE027H01010 · long | Healthcare Services | 0.34% | 0.34% |
| 32 | Exide Industries Ltd.INE302A01020 · long | Auto Components | 0.33% | 0.33% |
| 33 | Cummins India Ltd.INE298A01020 · long | Industrial Products | 0.33% | 0.33% |
| 34 | CEAT Ltd.INE482A01020 · long | Auto Components | 0.33% | 0.33% |
| 35 | Bharat Electronics Ltd.INE263A01024 · long | Aerospace & Defense | 0.33% | 0.33% |
| 36 | Ashok Leyland Ltd.INE208A01029 · long | Agricultural, Commercial & Construction Vehicles | 0.33% | 0.33% |
| 37 | Radico Khaitan Ltd.INE944F01028 · long | Beverages | 0.33% | 0.33% |
| 38 | SPR Auto Technologies Ltd.INE526E01018 · long | Auto Components | 0.33% | 0.33% |
| 39 | Hindalco Industries Ltd.INE038A01020 · long | Non - Ferrous Metals | 0.33% | 0.33% |
| 40 | Bajaj Auto Ltd.INE917I01010 · long | Automobiles | 0.33% | 0.33% |
| 41 | Samvardhana Motherson International Ltd.INE775A01035 · long | Auto Components | 0.33% | 0.33% |
| 42 | Siemens Energy India Ltd.INE1NPP01017 · long | Electrical Equipment | 0.33% | 0.33% |
| 43 | Schneider Electric Infrastructure Ltd.INE839M01018 · long | Electrical Equipment | 0.33% | 0.33% |
| 44 | Bharat Dynamics Ltd.INE171Z01026 · long | Aerospace & Defense | 0.33% | 0.33% |
| 45 | HCL Technologies Ltd.INE860A01027 · long | IT - Software | 0.33% | 0.33% |
| 46 | NTPC Ltd.INE733E01010 · long | Power | 0.33% | 0.33% |
| 47 | Neuland Laboratories Ltd.INE794A01010 · long | Pharmaceuticals & Biotechnology | 0.33% | 0.33% |
| 48 | Info Edge (India) Ltd.INE663F01032 · long | Retailing | 0.33% | 0.33% |
| 49 | Bharat Petroleum Corporation Ltd.INE029A01011 · long | Petroleum Products | 0.33% | 0.33% |
| 50 | Craftsman Automation Ltd.INE00LO01017 · long | Auto Components | 0.33% | 0.33% |
| 51 | Shriram Finance Ltd.INE721A01047 · long | Finance | 0.33% | 0.33% |
| 52 | CarTrade Tech Ltd.INE290S01011 · long | Retailing | 0.33% | 0.33% |
| 53 | Shadowfax Technologies Ltd.INE12UN01015 · long | Transport Services | 0.33% | 0.33% |
| 54 | Ather Energy Ltd.INE0LEZ01016 · long | Automobiles | 0.33% | 0.33% |
| 55 | Varun Beverages Ltd.INE200M01039 · long | Beverages | 0.33% | 0.33% |
| 56 | CG Power and Industrial Solutions Ltd.INE067A01029 · long | Electrical Equipment | 0.33% | 0.33% |
| 57 | Tata Steel Ltd.INE081A01020 · long | Ferrous Metals | 0.33% | 0.33% |
| 58 | Multi Commodity Exchange of India Ltd.INE745G01043 · long | Capital Markets | 0.33% | 0.33% |
| 59 | Divi's Laboratories Ltd.INE361B01024 · long | Pharmaceuticals & Biotechnology | 0.33% | 0.33% |
| 60 | HDFC Life Insurance Company Ltd.INE795G01014 · long | Insurance | 0.27% | 0.27% |
| 61 | Union Bank of IndiaINE692A01016 · long | Banks | 0.17% | 0.17% |
| 62 | Bank of BarodaINE028A01039 · long | Banks | 0.16% | 0.16% |
| 63 | Vodafone Idea Ltd.INE669E01016 · long | Telecom - Services | 0.16% | 0.16% |
| 64 | Pidilite Industries Ltd.INE318A01026 · long | Chemicals & Petrochemicals | 0.16% | 0.16% |
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 50.94%; Money market 104.17%; Cash and net current assets -55.11%. Values are the separate reported percentages of NAV.
- 64 positive common-company equity lines; top ten 27.75% of NAV. Largest holdings: ICICI Bank Ltd. (4.95%); HDFC Bank Ltd. (4.93%); Reliance Industries Ltd. (3.98%).
- Largest classified equity sectors: Banks 15.17% of NAV; Petroleum Products 4.31% of NAV; IT - Software 3.96% 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.
- Money market is reported at 104.17% and cash/net current assets at -55.11% of NAV. These offsetting figures are preserved; the money-market percentage alone is not a free-cash measure.
Changes in company holdings
- No earlier monthly capture is available for this fund.
- The September holdings provide the current baseline. No entry, exit or month-on-month exposure claim is made without a comparable earlier schedule.
Derivatives, measured separately
- Futures: long positions total 6.66% of NAV and short positions 0.00% in absolute magnitude; signed balance +6.66%. These are source-reported futures percentages, not delta-adjusted exposure for the whole fund.
- Explicit source classifications: 1 non hedging line. These labels do not quantify hedge effectiveness or establish the reason for every position.
SIFprime reading and what to watch
- The first captured portfolio combines 50.94% cash equity with a 6.66% long index-futures position. The money-market and net-current-asset figures are unusually large and offsetting, so neither should be read in isolation as freely available cash.
- Watch how the money-market and net-payable balances settle in the next disclosure, and whether the initial company mix changes. No earlier monthly capture is available for a defensible trend.
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.