Altiva Hybrid Long-Short: September review - a diversified funded mix with more cash equity
Key takeaway
Cash equity is 39.34% of NAV, up 2.50 percentage points from 31 July 2026. The ten largest company holdings account for 13.33% of NAV.
Cash equity39.34%
Top-ten cash equity13.33%
Cash-equity rows104
AI Brief
What changed
Cash equity is 39.34% of NAV, up 2.50 percentage points from 31 July 2026. The ten largest company holdings account for 13.33% of NAV.
Why it matters
Cash equity is higher than in July but remains only one part of this hybrid portfolio. Debt, money market and listed units make the construction broader than a stock-only book; the numerous option lines cannot be measured by their small valuation percentages alone.
What to watch
Watch the balance between equity, debt and liquidity, together with the purpose and measurement of the derivative positions. The comparison spans July to September, not one month.
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 39.34%
Cash equity is higher than in July but remains only one part of this hybrid portfolio. Debt, money market and listed units make the construction broader than a stock-only book; the numerous option lines cannot be measured by their small valuation percentages alone.
Explore the evidencePORTFOLIO ALLOCATION
Latest allocation & changes
Latest disclosed figures. A comparable previous disclosure is not available.
- Listed equity
- 39.34%
- Debt securities
- 25.14%
- Money market
- 28.07%
- Cash and net current assets
- 3.76%
- REITs, InvITs and other listed units
- 4.91%
Derivative positioning
- Long derivativesFutures reported %
- 3.19%
- Futures · signed totalFutures reported %
- -1.06%
- Options · signed totalOptions valuation %
- -1.22%
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.
Explore the disclosed holdings
Altiva Hybrid Long-Short · 30 Sept 2026
Portfolio sleeves
Listed equitylong
104 disclosed lines
Scroll inside the table to inspect all rows. The page layout stays fixed.
| # | Security / ISIN | Sector / bucket | Weight (% NAV) | Exposure (% NAV) |
|---|---|---|---|---|
| 01 | HDFC Bank Ltd.INE040A01034 · long | Banks | 1.68% | 1.68% |
| 02 | Adani Enterprises Ltd.INE423A01024 · long | Metals & Minerals Trading | 1.63% | 1.63% |
| 03 | Adani Energy Solutions Ltd.INE931S01010 · long | Power | 1.61% | 1.61% |
| 04 | Titan Company Ltd.INE280A01028 · long | Consumer Durables | 1.51% | 1.51% |
| 05 | RBL Bank Ltd.INE976G01028 · long | Banks | 1.30% | 1.30% |
| 06 | Indus Towers Ltd.INE121J01017 · long | Telecom - Services | 1.19% | 1.19% |
| 07 | Grasim Industries Ltd.INE047A01021 · long | Cement & Cement Products | 1.19% | 1.19% |
| 08 | Coal India Ltd.INE522F01014 · long | Consumable Fuels | 1.15% | 1.15% |
| 09 | Shriram Finance Ltd.INE721A01047 · long | Finance | 1.08% | 1.08% |
| 10 | Bharat Heavy Electricals Ltd.INE257A01026 · long | Electrical Equipment | 0.99% | 0.99% |
| 11 | Bharat Forge Ltd.INE465A01025 · long | Auto Components | 0.94% | 0.94% |
| 12 | LIC Housing Finance Ltd.INE115A01026 · long | Finance | 0.85% | 0.85% |
| 13 | Mahindra & Mahindra Ltd.INE101A01026 · long | Automobiles | 0.84% | 0.84% |
| 14 | Eternal Ltd.INE758T01015 · long | Retailing | 0.78% | 0.78% |
| 15 | Multi Commodity Exchange of India Ltd.INE745G01043 · long | Capital Markets | 0.74% | 0.74% |
| 16 | Biocon Ltd.INE376G01013 · long | Pharmaceuticals & Biotechnology | 0.69% | 0.69% |
| 17 | NMDC Ltd.INE584A01023 · long | Minerals & Mining | 0.68% | 0.68% |
| 18 | Axis Bank Ltd.INE238A01034 · long | Banks | 0.68% | 0.68% |
| 19 | Premier Energies LtdINE0BS701011 · long | Electrical Equipment | 0.66% | 0.66% |
| 20 | Vodafone Idea Ltd.INE669E01016 · long | Telecom - Services | 0.63% | 0.63% |
| 21 | DLF Ltd.INE271C01023 · long | Realty | 0.58% | 0.58% |
| 22 | Amber Enterprises India Ltd.INE371P01015 · long | Consumer Durables | 0.56% | 0.56% |
| 23 | Bharti Airtel Ltd.INE397D01024 · long | Telecom - Services | 0.54% | 0.54% |
| 24 | Inox Wind Ltd.INE066P01011 · long | Electrical Equipment | 0.54% | 0.54% |
| 25 | Reliance Industries Ltd.INE002A01018 · long | Petroleum Products | 0.52% | 0.52% |
| 26 | NBCC (India) Ltd.INE095N01031 · long | Construction | 0.51% | 0.51% |
| 27 | Pine Labs Ltd.INE15B701018 · long | Financial Technology (Fintech) | 0.50% | 0.50% |
| 28 | Infosys Ltd.INE009A01021 · long | IT - Software | 0.48% | 0.48% |
| 29 | GE Vernova T&D India Ltd.INE200A01026 · long | Electrical Equipment | 0.48% | 0.48% |
| 30 | Muthoot Finance Ltd.INE414G01012 · long | Finance | 0.48% | 0.48% |
| 31 | Varun Beverages Ltd.INE200M01039 · long | Beverages | 0.46% | 0.46% |
| 32 | Coforge Ltd.INE591G01025 · long | IT - Software | 0.42% | 0.42% |
| 33 | Delhivery Ltd.INE148O01028 · long | Transport Services | 0.42% | 0.42% |
| 34 | BSE Ltd.INE118H01025 · long | Capital Markets | 0.41% | 0.41% |
| 35 | KPIT Technologies Ltd.INE04I401011 · long | IT - Software | 0.37% | 0.37% |
| 36 | 360 ONE WAM Ltd.INE466L01038 · long | Capital Markets | 0.36% | 0.36% |
| 37 | Bajaj Finance Ltd.INE296A01032 · long | Finance | 0.35% | 0.35% |
| 38 | One 97 Communications Ltd.INE982J01020 · long | Financial Technology (Fintech) | 0.34% | 0.34% |
| 39 | Manappuram Finance Ltd.INE522D01027 · long | Finance | 0.34% | 0.34% |
| 40 | Ultratech Cement Ltd.INE481G01011 · long | Cement & Cement Products | 0.34% | 0.34% |
| 41 | Union Bank of IndiaINE692A01016 · long | Banks | 0.33% | 0.33% |
| 42 | Hindustan Copper Ltd.INE531E01026 · long | Non - Ferrous Metals | 0.32% | 0.32% |
| 43 | ITC Ltd.INE154A01025 · long | Diversified FMCG | 0.32% | 0.32% |
| 44 | Trent Ltd.INE849A01020 · long | Retailing | 0.32% | 0.32% |
| 45 | Granules India Ltd.INE101D01020 · long | Pharmaceuticals & Biotechnology | 0.31% | 0.31% |
| 46 | Cochin Shipyard Ltd.INE704P01025 · long | Industrial Manufacturing | 0.29% | 0.29% |
| 47 | CG Power and Industrial Solutions Ltd.INE067A01029 · long | Electrical Equipment | 0.28% | 0.28% |
| 48 | Vedanta Ltd.INE205A01025 · long | Diversified Metals | 0.28% | 0.28% |
| 49 | Glenmark Pharmaceuticals Ltd.INE935A01035 · long | Pharmaceuticals & Biotechnology | 0.27% | 0.27% |
| 50 | Aurobindo Pharma Ltd.INE406A01037 · long | Pharmaceuticals & Biotechnology | 0.27% | 0.27% |
| 51 | Jio Financial Services Ltd.INE758E01017 · long | Finance | 0.27% | 0.27% |
| 52 | Cholamandalam Investment & Finance Co. Ltd.INE121A01024 · long | Finance | 0.26% | 0.26% |
| 53 | ICICI Bank Ltd.INE090A01021 · long | Banks | 0.26% | 0.26% |
| 54 | Godrej Properties Ltd.INE484J01027 · long | Realty | 0.24% | 0.24% |
| 55 | Maruti Suzuki India Ltd.INE585B01010 · long | Automobiles | 0.22% | 0.22% |
| 56 | Wheels India Ltd.INE715A01015 · long | Auto Components | 0.22% | 0.22% |
| 57 | Central Depository Services (I) Ltd.INE736A01011 · long | Capital Markets | 0.21% | 0.21% |
| 58 | CreditAccess Grameen Ltd.INE741K01010 · long | Finance | 0.20% | 0.20% |
| 59 | Astral Ltd.INE006I01046 · long | Industrial Products | 0.20% | 0.20% |
| 60 | AU Small Finance Bank Ltd.INE949L01017 · long | Banks | 0.20% | 0.20% |
| 61 | Power Finance Corporation Ltd.INE134E01011 · long | Finance | 0.20% | 0.20% |
| 62 | Cipla Ltd.INE059A01026 · long | Pharmaceuticals & Biotechnology | 0.19% | 0.19% |
| 63 | Solar Industries India Ltd.INE343H01029 · long | Chemicals & Petrochemicals | 0.19% | 0.19% |
| 64 | Life Insurance Corporation of IndiaINE0J1Y01017 · long | Insurance | 0.19% | 0.19% |
| 65 | Mazagon Dock Shipbuilders Ltd.INE249Z01020 · long | Industrial Manufacturing | 0.19% | 0.19% |
| 66 | REC Ltd.INE020B01018 · long | Finance | 0.18% | 0.18% |
| 67 | Blue Jet Healthcare Ltd.INE0KBH01020 · long | Pharmaceuticals & Biotechnology | 0.18% | 0.18% |
| 68 | Tata Steel Ltd.INE081A01020 · long | Ferrous Metals | 0.16% | 0.16% |
| 69 | Amagi Media Labs Ltd.INE121R01077 · long | IT - Services | 0.16% | 0.16% |
| 70 | Persistent Systems Ltd.INE262H01021 · long | IT - Software | 0.15% | 0.15% |
| 71 | IDFC First Bank Ltd.INE092T01019 · long | Banks | 0.14% | 0.14% |
| 72 | Bharat Petroleum Corporation Ltd.INE029A01011 · long | Petroleum Products | 0.13% | 0.13% |
| 73 | Torrent Pharmaceuticals Ltd.INE685A01028 · long | Pharmaceuticals & Biotechnology | 0.13% | 0.13% |
| 74 | Power Grid Corporation of India Ltd.INE752E01010 · long | Power | 0.13% | 0.13% |
| 75 | UPL Ltd.INE628A01036 · long | Fertilizers & Agrochemicals | 0.13% | 0.13% |
| 76 | SBI Cards & Payment Services Ltd.INE018E01016 · long | Finance | 0.13% | 0.13% |
| 77 | Tata Motors Passenger Vehicles Ltd.INE155A01022 · long | Automobiles | 0.13% | 0.13% |
| 78 | Sona Blw Precision Forgings Ltd.INE073K01018 · long | Auto Components | 0.11% | 0.11% |
| 79 | Fortis Healthcare Ltd.INE061F01013 · long | Healthcare Services | 0.11% | 0.11% |
| 80 | Bandhan Bank Ltd.INE545U01014 · long | Banks | 0.11% | 0.11% |
| 81 | Petronet LNG Ltd.INE347G01014 · long | Gas | 0.10% | 0.10% |
| 82 | Netweb Technologies India Ltd.INE0NT901020 · long | IT - Services | 0.10% | 0.10% |
| 83 | HDFC Life Insurance Company Ltd.INE795G01014 · long | Insurance | 0.09% | 0.09% |
| 84 | Ideaforge Technology Ltd.INE349Y01013 · long | Aerospace & Defense | 0.09% | 0.09% |
| 85 | Ashok Leyland Ltd.INE208A01029 · long | Agricultural, Commercial & Construction Vehicles | 0.08% | 0.08% |
| 86 | Punjab National BankINE160A01022 · long | Banks | 0.08% | 0.08% |
| 87 | HDFC Asset Management Co. Ltd.INE127D01025 · long | Capital Markets | 0.06% | 0.06% |
| 88 | Hindalco Industries Ltd.INE038A01020 · long | Non - Ferrous Metals | 0.06% | 0.06% |
| 89 | Ather Energy Ltd.INE0LEZ01016 · long | Automobiles | 0.06% | 0.06% |
| 90 | Steel Authority of India Ltd.INE114A01011 · long | Ferrous Metals | 0.06% | 0.06% |
| 91 | Dabur India Ltd.INE016A01026 · long | Personal Products | 0.05% | 0.05% |
| 92 | Oil India Ltd.INE274J01014 · long | Oil | 0.05% | 0.05% |
| 93 | Mphasis Ltd.INE356A01018 · long | IT - Software | 0.05% | 0.05% |
| 94 | Lodha Developers Ltd.INE670K01029 · long | Realty | 0.05% | 0.05% |
| 95 | Swiggy Ltd.INE00H001014 · long | Retailing | 0.04% | 0.04% |
| 96 | Moneyview Ltd. A**INE0PTN01011 · long | Financial Technology (Fintech) | 0.04% | 0.04% |
| 97 | JSW Steel Ltd.INE019A01038 · long | Ferrous Metals | 0.03% | 0.03% |
| 98 | Tata Consumer Products Ltd.INE192A01025 · long | Agricultural Food & other Products | 0.03% | 0.03% |
| 99 | The Federal Bank Ltd.INE171A01029 · long | Banks | 0.03% | 0.03% |
| 100 | Jindal Steel Ltd.INE749A01030 · long | Ferrous Metals | 0.02% | 0.02% |
| 101 | Tata Consultancy Services Ltd.INE467B01029 · long | IT - Software | 0.02% | 0.02% |
| 102 | Kfin Technologies Ltd.INE138Y01010 · long | Capital Markets | 0.02% | 0.02% |
| 103 | Wipro Ltd.INE075A01022 · long | IT - Software | 0.00% | 0.00% |
| 104 | Bharat Dynamics Ltd.INE171Z01026 · long | Aerospace & Defense | 0.00% | 0.00% |
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 39.34%; Debt securities 25.14%; Money market 28.07%; Cash and net current assets 3.76%; REITs, InvITs and other listed units 4.91%. Values are the separate reported percentages of NAV.
- 102 positive common-company equity lines; top ten 13.33% of NAV. Largest holdings: HDFC Bank Ltd. (1.68%); Adani Enterprises Ltd. (1.63%); Adani Energy Solutions Ltd. (1.61%).
- Largest classified equity sectors: Banks 4.81% of NAV; Finance 4.34% of NAV; Electrical Equipment 2.95% of NAV.
Changes in company holdings
- Cash-equity comparison: 31 July 2026 to 30 September 2026. Common-equity weight moved from 36.84% to 39.34% (increased by 2.50 percentage points).
- Newly present in the common-equity snapshot: 24 companies. Largest disclosed weights: Grasim Industries Ltd. (1.19%); Bharat Forge Ltd. (0.94%); LIC Housing Finance Ltd. (0.85%).
- No longer present in the common-equity snapshot: 4 companies. Largest disclosed weights: Adani Green Energy Ltd. (0.24% previously); Exide Industries Ltd. (0.12% previously); Adani Ports and Special Economic Zone Ltd. (0.04% previously).
- Adani Energy Solutions Ltd.: 0.08% to 1.61% of NAV (up 1.53 percentage points).
- Adani Enterprises Ltd.: 2.90% to 1.63% of NAV (down 1.27 percentage points).
- Titan Company Ltd.: 0.35% to 1.51% of NAV (up 1.16 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
- Futures: long positions total 3.19% of NAV and short positions 4.25% in absolute magnitude; signed balance -1.06%. These are source-reported futures percentages, not delta-adjusted exposure for the whole fund.
- Options: 96 disclosed lines; their signed reported value percentages sum to -1.22% of NAV. Reported option values are not verified underlying notionals or delta-adjusted exposures.
- Explicit source classifications: 18 hedging lines, 106 non hedging lines. These labels do not quantify hedge effectiveness or establish the reason for every position.
SIFprime reading and what to watch
- Cash equity is higher than in July but remains only one part of this hybrid portfolio. Debt, money market and listed units make the construction broader than a stock-only book; the numerous option lines cannot be measured by their small valuation percentages alone.
- Watch the balance between equity, debt and liquidity, together with the purpose and measurement of the derivative positions. The comparison spans July to September, not one month.
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.
- Incomplete option notional coverage remains flagged in the captured data. A complete list of source rows does not imply a complete measure of economic exposure.
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.