Mumbai, Sept. 11 -- Edelweiss Mutual Fund has filed draft papers with SEBI to launch Altiva Hybrid Long-Short Fund, India's first hybrid Specialized Investment Fund (SIF). The fund will follow a hybrid long-short interval strategy, investing across equities, debt, derivatives, and special situations to balance growth and risk.

Radhika Gupta, CEO of Edelweiss MF, confirmed the development on X, calling it a "India's first hybrid SIF". The fund will be benchmarked against the NIFTY 50 Hybrid Composite Debt 15:85 Index and managed by Bhavesh Jain, Bharat Lahoti, Dhawal Dalal and Amit Vora.

The scheme will allow redemptions twice a week and will also be listed on the NSE for demat investors. It will be available in regular and direct plans ...