Latest NAV
₹10.5455
Apr 30, 2026
1M Return
+3.17%
3M Return
+2.32%
Since Inception
+5.35%
TER
2.25%
Regular plan
6M Return
+0.91%
Live NAV data · Source: AMFI NAV API
Trailing returns
1D
+0.04%
1W
+0.93%
1M
+1.23%
3M
+0.91%
6M
+0.91%
Since Inception
+5.35%
FYTD
+2.86%
🛡️ ALPHA SHIELD ANALYSIS
March 2026 Market Crash
When NIFTY 50 Hybrid Composite Debt 50:50 fell -6.35% in March 2026, here's how Altiva performed:
Hybrid 50:50
-6.35%
Altiva
-1.42%
Alpha vs Benchmark
+4.93%
Capital Protected
77.6%
How Altiva compares in Hybrid Long Short:
Rank: #3 of 7 Hybrid Long Short funds(vs Hybrid 50:50)
What This Means:
Strong downside protection. The fund significantly outperformed its benchmark (Hybrid 50:50) in the crash. Your capital was well cushioned.
Investment objective
Generate capital appreciation through equity and equity-related instruments and income through arbitrage, derivative strategies, special situations and fixed income investments. An income-oriented, all-weather solution with arbitrage + fixed income as the core, enhanced by selective special-situation and derivative opportunities. Benchmarked to Nifty 50 Hybrid Composite Debt 50:50 TRI.
Strategy & allocation
Altiva is India's first hybrid long-short SIF. Combines equity arbitrage (cash-future + covered calls), high-quality fixed income, and special-situation plays (IPOs, buybacks, open offers, QIPs, mergers) with derivative strategies (short straddles/strangles, pair trades). The arbitrage-heavy interval structure keeps realised volatility low while targeting superior post-tax returns versus FDs and arbitrage funds.
Taxation: 12.5% LTCG after 24 months on the non-equity sleeve, slab rate on debt STCG — materially better than Cat III AIF (MMR 42.7%) at fund level.
Strategy pillars
Core — Arbitrage
Cash-futures arbitrage & covered calls capturing low-risk spreads (40–60% allocation)
Core — Fixed Income
High-quality debt (AAA CPSE, BFSI 3–5Y) for accrual & price appreciation (20–40%)
Enhancer — Special Situations
IPO, Open Offer, Buyback, QIP, Merger/Demerger, Index Inclusion/Exclusion (0–10%)
Enhancer — Derivative Strategies
Short straddles, strangles, pair trades, long-short equities (10–20%)
Risk — Strategy Level
5% stop-loss at strategy, delta hedging, 20+ stocks, single-stock caps (LC <3%, MC <2%)
Investor suitability
Suitable for
- ✓ Income-oriented investors with ≥₹10L surplus
- ✓ Replacement for FD/arbitrage allocation
- ✓ Post-tax return seekers (LTCG 12.5% after 24M)
- ✓ 3+ year investment horizon with low-vol preference
Not suitable for
- ✗ Guaranteed return seekers
- ✗ Investors needing daily liquidity
- ✗ Below ₹10L investable surplus
- ✗ Short-term traders / sharp-bull chasers
Fund management team
Bhavesh Jain
Equity Fund Manager
Bharat Lahoti
Equity Fund Manager
Dhawal Dalal
CIO — Fixed Income
Pranavi Kulkarni
Fund Manager & Credit Analyst
Amit Vora
Head of Dealing & Fund Manager