Edelweiss Mutual Fund has successfully closed its first fund, the Altiva Hybrid Long-Short Fund, under the Altiva SIF platform, raising approximately Rs. 320 crore. The fund’s successful subscription reflects the growing demand for innovative and resilient investment solutions that combine stability with tax efficiency. According to Radhika Gupta, MD & CEO of Edelweiss Mutual Fund, the success of the fund reinforces the trend of investors seeking structured, multi-strategy products that can deliver consistent outcomes across market conditions.
The Altiva Hybrid Long-Short Fund is an interval investment strategy that aims to deliver consistent, income-oriented returns through a core allocation in equity arbitrage and high-quality fixed income. The fund also explores selective opportunities in special situations in equity markets, such as IPOs, buybacks, and mergers, as well as low-risk derivative strategies like covered calls and straddles.
The fund’s success has been attributed to the strong confidence of both individual and corporate investors in Edelweiss Asset Management’s multi-strategy approach. Deepak Jain, President & Head of Sales at Edelweiss Asset Management, expressed excitement about the path ahead and the company’s vision to create all-weather, tax-efficient investment products that cater to evolving investor needs.
The closure of the Altiva Hybrid Long-Short Fund marks a significant milestone for Edelweiss Mutual Fund, and the company is poised to continue creating innovative investment solutions that meet the changing needs of investors. With the growing demand for structured investment products, Edelweiss Mutual Fund is well-positioned to capitalize on this trend and provide investors with consistent and stable returns.
The success of the Altiva Hybrid Long-Short Fund is a testament to the company’s commitment to delivering high-quality investment products and its ability to adapt to changing market conditions. As the investment landscape continues to evolve, Edelweiss Mutual Fund is likely to remain a key player in the industry, providing investors with a range of innovative and resilient investment solutions.