Altiva Hybrid Long-Short Fund vs RedHex Hybrid Long-Short Fund
Altiva Hybrid Long-Short Fund from Edelweiss Mutual Fund and RedHex Hybrid Long-Short Fund from HSBC Mutual Fund, compared on NAV, returns, size, costs and portfolio — every figure from AMFI's NAV feed or the AMC's own factsheet.
How the two funds differ
NAV data as of 13 Nov 2026
- Altiva Hybrid Long-Short Fund is the larger fund, with ₹12,248 Cr in disclosed assets against ₹1,781 Cr for RedHex Hybrid Long-Short Fund — about 6.9 times the size.
- Altiva Hybrid Long-Short Fund launched first, on 20 Oct 2025; RedHex Hybrid Long-Short Fund followed on 19 Jun 2026, about 8 months later. Since-inception returns therefore cover different periods and are not directly comparable.
- Over the past three months, RedHex Hybrid Long-Short Fund returned +1.32% and Altiva Hybrid Long-Short Fund returned +0.38% (Direct plan).
- RedHex Hybrid Long-Short Fund has the lower Direct-plan expense ratio, 0.39% against 0.54% for Altiva Hybrid Long-Short Fund.
- Both are measured against the same benchmark, NIFTY 50 Hybrid Composite Debt 50:50 Index.
Side by side
Switch between Direct and Regular plans in the header, or pick two dates to compare returns over the same period. A dash means the AMC has not disclosed that figure yet.
| Altiva Hybrid Long-Short Fund Edelweiss Mutual Fund | RedHex Hybrid Long-Short Fund HSBC Mutual Fund | |
|---|---|---|
| Category | Hybrid Long-Short | Hybrid Long-Short |
| Status | Active | Active |
| Direct NAV | 11.1257 | 10.3218 |
| 1M Return | +0.67% | +0.76% |
| 1Y Return | +10.33% | — |
| Since Inception | +11.14% | +3.00% |
| AUM | ₹12,248 Cr | ₹1,781 Cr |
| Minimum Investment | ₹10,00,000 | ₹10,00,000 |
| Expense Ratio | 0.54% | 0.39% |
| Exit Load | 0.50% if redeemed/switched out within 30 days of allotment; nil thereafter | 2% if redeemed within 1 year from allotment; Nil thereafter |
| Benchmark | NIFTY 50 Hybrid Composite Debt 50:50 Index | NIFTY 50 Hybrid Composite Debt 50:50 Index |
| Risk-o-meter | Band 1 of 5 (Lower Risk) | Band 2 of 5 (Low to Moderate Risk) |
| Launch Date | 20 Oct 2025 | 19 Jun 2026 |
| Fund Managers | Bhavesh Jain, Bharat Lahoti, Dhawal Dalal, Kedar Karnik, Amit Vora | Shriram Ramanathan, Praveen Ayathan, Venugopal Manghat, Mayank Chaturvedi |
Open the full page for Altiva Hybrid Long-Short Fund or RedHex Hybrid Long-Short Fund for NAV history, holdings and the AMC factsheet, or add a third fund to this comparison.
Holdings in common
3 positions appear in the disclosed top holdings of both funds. This compares only the top holdings each AMC publishes (Altiva Hybrid Long-Short Fund: 31 Oct 2026; RedHex Hybrid Long-Short Fund: 31 Oct 2026), not the complete portfolios, so the real overlap may be higher.
| Holding | Sector | Edelweiss MF weight | HSBC MF weight |
|---|---|---|---|
| Cube Highways Trust | — | 0.68% | 3.82% |
| Knowledge Realty Trust | — | 0.65% | 2.90% |
| Embassy Office Parks REIT | — | 1.12% | 2.10% |
Altiva Hybrid Long-Short Fund vs RedHex Hybrid Long-Short Fund: common questions
What is the difference between Altiva Hybrid Long-Short Fund and RedHex Hybrid Long-Short Fund?
Both are Hybrid Long-Short Specialized Investment Funds (SIFs), so they follow the same SEBI strategy category. Altiva Hybrid Long-Short Fund is run by Edelweiss Mutual Fund and RedHex Hybrid Long-Short Fund by HSBC Mutual Fund; they differ in size, launch date, costs, portfolio and fund managers, all shown in the table on this page.
What is the latest NAV of Altiva Hybrid Long-Short Fund and RedHex Hybrid Long-Short Fund?
The latest Direct-plan NAV of Altiva Hybrid Long-Short Fund is ₹11.1257 (13 Nov 2026), and of RedHex Hybrid Long-Short Fund is ₹10.3218 (13 Nov 2026). A higher NAV does not mean a better fund — it mainly reflects how long the scheme has been running.
Which is bigger, Altiva Hybrid Long-Short Fund or RedHex Hybrid Long-Short Fund?
Altiva Hybrid Long-Short Fund is larger by disclosed assets under management, at ₹12,248 Cr, compared with ₹1,781 Cr for RedHex Hybrid Long-Short Fund. Figures are the latest each AMC has disclosed.
Which has the lower expense ratio, Altiva Hybrid Long-Short Fund or RedHex Hybrid Long-Short Fund?
Altiva Hybrid Long-Short Fund has a Direct-plan expense ratio of 0.54% and RedHex Hybrid Long-Short Fund of 0.39%, as stated in each AMC's factsheet. Regular plans cost more than Direct plans.
What is the minimum investment in Altiva Hybrid Long-Short Fund and RedHex Hybrid Long-Short Fund?
Both require a minimum investment of ₹10,00,000. SEBI sets a ₹10 lakh minimum across all SIF strategies of an AMC for non-accredited investors.
Which is better, Altiva Hybrid Long-Short Fund or RedHex Hybrid Long-Short Fund?
SIF India does not rank one above the other or give investment advice. Which suits you depends on your goals, time horizon and risk tolerance. Both are new schemes with a short track record, and past performance does not indicate future returns. Read each scheme's offer document and consider speaking to a SEBI-registered adviser before investing.
More comparisons
Altiva Hybrid Long-Short Fund vs
RedHex Hybrid Long-Short Fund vs
See every scheme in this category on the Hybrid Long-Short SIF Funds page. New to SIFs? Start with what a Specialised Investment Fund is, or read Best Hybrid Long-Short SIF Funds in India, Best SIF Funds in India: How to Actually Compare Them and SIF vs. Mutual Fund vs. PMS vs. AIF.
This comparison is factual information, not investment advice or a recommendation of either scheme. Past performance does not indicate future returns.