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HomeWhat is Altiva Equity Ex-Top 100 Long-Short Fund?Our ApproachWhy should you invest now?Why Altiva Equity Ex-Top 100 Long-Short Fund?Fund details

High conviction, unlocked.

Invest in the most unique Small & Mid Cap opportunities to power your portfolio.

Altiva Equity EX-Top 100 Long-Short Fund

(An open-ended equity investment strategy investing in equity and equity related instruments including limited short exposure in equity through derivative instruments of Ex-top 100 stocks.)

NFO PERIOD: 18TH MAY - 1ST JUN 2026
Product literature:

What is Altiva Equity Ex-Top 100 Long-Short Fund?

Exposure to SMIDs
Source of Alpha
over BM
# of stocks*
Multicap
Funds
50-75%

Bottom up stock picking within Large, Mid & Small caps

82
Midcap
Funds
Min 65% only Midcaps

Bottom up stock picking

Ability to take 35% exposure to Smallcaps/Largecap

68
Altiva Equity
Ex-Top 100 Long
Short Strategy
SMID 65-100%

Flexibility to invest across SMIDs

High active bets

Sector agnostic

Derivatives

Risk-return profile Midcap +
35-45^
Smallcap
Fund
Min 65% Only Smallcaps

Bottom up stock picking

Ability to take 35% exposure to Mid/Largecaps

85
*Average for the category provided for MFs. #stocks as on 31st March, 2026. Source: Internal & ACeMF. ^ long positions.

Our Approach

A high conviction mid & small cap portfolio
Fund PositioningSMID-cap

A flexicap approach to invest across mid and small cap stocks

SMID Universe101–750

By Market Cap Rank

Portfolio Stocks35–45^

Concentrated portfolio to drive alpha

SMID Allocation90–100%

Flexi SMID allocation

Others*0–10%

Return enhancer, Risk management & capital efficiency

SMID – Small & Mid Cap; *Includes Derivatives, Cash, Large cap. ^ long positions.
Being selective gives us an edge

  • MIDCAP FUNDS

    Mar 2026
    Avg
    stocks    68
    AUM ₹4.18 Lakh Cr
    Mar 2021
    Avg
    stocks    56
    AUM ₹1.14 Lakh Cr

  • SMALL CAP FUNDS

    Mar 2026
    Avg
    stocks    85
    AUM ₹3.34 Lakh Cr
    Mar 2021
    Avg
    stocks    64
    AUM ₹0.68 Lakh Cr

  • INVESTING ONLY IN THE BEST IDEAS

    35 - 45

    Stocks

    While the industry inflates portfolios with rising AUM, our fund will maintain razor-sharp focus

Source – AMFI, ACE MF | Data as of 31st March 2026.

Why should you invest now?

Market expansion has disproportionately favored SMIDsBroader breadth and lower coverage create alpha opportunities
LARGE CAP
(up to 100)*
Dec-2020
₹118.7L Cr
M-cap Share ~75%
Dec-2025
₹278.5L Cr
Market Share ~63%
2.3× growth
MID CAP
(101 to 250)*
Dec-2020
₹24.8L Cr
M-cap Share ~16%
Dec-2025
₹94.4L Cr
Market Share ~21%
3.8× growth
SMALL CAP
(251 to 500)*
Dec-2020
₹11.0L Cr
M-cap Share ~7%
Dec-2025
₹49.9L Cr
Market Share ~11%
4.5× growth
SMALL CAP
(501 to 750)*
Dec-2020
₹3.3L Cr
M-cap Share ~2%
Dec-2025
₹21.3L Cr
Market Share ~5%
6.5× growth
Source: *Market capitalization is defined based on SEBI’s prescribed market cap ranking of stocks. AMFI Classification Dec-20 & Dec-25, Internal Analysis | Top 750 stocks considered for analysis. Past performance may or may not be sustained in the future.

Why Altiva Equity Ex-Top 100 Long-Short Fund?

The above is based on the internal strategy; please refer to the asset allocation table in the ISID for complete details.

Fund details

Altiva Equity Ex-Top 100 Long-Short Fund
Investment objective

To generate capital appreciation in the long term by predominantly investing in equity and equity related securities of Ex- top 100 companies. The Investment Strategy may also invest in various derivative instruments, including short exposure through unhedged derivative positions in equity and equity related instruments of Ex - top 100 stocks upto 25%. There is no assurance that the investment objective of the Investment strategy will be achieved.

BenchmarkNifty 500 TRI
Category of
investment strategy		Equity Ex-Top 100 Long-Short Fund
Type of investment
strategy		An open-ended equity investment strategy investing in equity and equity related instruments including limited short exposure in equity through derivative instruments of Ex – top 100 stocks.
Subscription & Redemption frequencyDaily
Features Lump sum, SIP, SWP, STP
Plan & OptionsDirect, Regular
Growth, IDCW
Min application amount Min for New Altiva SIF Investors - INR 10 lakh
Min for Existing Altiva SIF Investors - INR 1,000 and in multiples of Re 1/- thereafter.
Min investment in SIP, STP, SWP (subject to min investment of ₹10 lakh) INR 1,000 and in multiples of Re 1/- thereafter
Exit load

If the units are redeemed/ switched out on or before 90 days from the date of allotment – 0.50% of the applicable NAV.

If the units are redeemed/switched out after 90 days from the date of allotment – Nil

Fund Managers
Equity
Mr. Nikhil Gada View More
Mr. Trideep Bhattacharya View More
Mr. Amit Vora (for overseas Securities) View More
Please refer to ISID for more details

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FAQs

Altiva Equity Ex Top 100 Long Short Fund is an equity-oriented SIF strategy with a flexi-SMID approach, investing across mid and small cap stocks focusing on high-conviction ideas, aiming to deliver a midcap + risk-return profile with a differentiated positioning.

The investment objective of Altiva Equity Ex Top 100 Long Short Fund is to generate capital appreciation in the long term by predominantly investing in equity and equity related securities of Ex – top 100 companies. The Investment strategy may also invest in various derivative instruments, including short exposure through unhedged derivative positions in equity and equity related instruments of Ex – top 100 stocks up to 25%. There is no assurance that the investment objective of the Investment strategy will be achieved.

For investors seeking meaningful exposure to the mid and small cap space, traditional mid cap and small cap mutual funds are bound by regulatory limits, i.e., requiring a minimum 65% allocation to their respective segments and not permitting short positions. This strategy, however, follows a flexible SMID approach, typically allocating 90–100% to mid and small caps, with the flexibility to allocate 0–10% to derivatives, large caps, and cash to manage risk and enhance return potential.

The fund adopts a flexi-SMID approach, allocating 90–100% to mid and small cap stocks and focusing on high-conviction ideas, and 0–10% to derivatives, large caps, and cash, with a differentiated positioning to deliver a midcap + risk-return profile.

The NFO period of Altiva Equity Ex Top 100 Long Short Fund is 18th May, 2026 to 1st June, 2026

Investors seeking an active fund with pure exposure to mid and small caps, which utilizes derivatives, cash, and selective large-cap exposure to enhance returns and manage risk while providing a midcap + risk–return profile, can consider this fund.
Risk Band & Disclaimer
This product is suitable for investors who are seeking:

To generate capital appreciation in long term

An open-ended investment strategy investing in equity and equity related instruments including limited short exposure in equity through derivative instruments of Ex – top 100 stocks.

Risk – Band*
Benchmark Risk – Band
Nifty 500 TRI
*The Risk Band is as per AMFI Specifications.

This page is for information purposes and is not an offer to sell or a solicitation to buy any SIF units/ securities or to have business relations with Sponsor/ AMC/ Trustee Company and its associates. These views alone are not sufficient and should not be used for the development or implementation of an investment strategy. All opinions, figures and estimates included in this document (unless as specified in the document) are as of this date and are subject to change without notice. It should not be construed as investment advice to any party. Neither Sponsor/ AMC/ Trustee Company and its associates or any person connected with it, accepts any liability arising from the use of this information. Utmost care has been exercised while preparing the document, and Sponsor/ AMC/ Trustee Company and its associates  does not warrant the completeness or accuracy of the information and disclaims all liabilities, losses and damages arising out of the use of this information. The recipient of this material should rely on their investigations and take their own professional advice. Investment decisions of the AMC may not always be profitable.
Investments in Specialized Investment Fund involves relatively higher risk including potential loss of capital, liquidity risk and market volatility. Please read all investment strategy related documents carefully before making the investment decision.

MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.