{"id":230103,"date":"2026-09-03T19:17:25","date_gmt":"2026-09-03T13:47:25","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=230103"},"modified":"2026-09-03T19:17:26","modified_gmt":"2026-09-03T13:47:26","slug":"altiva-equity-ex-top-100-long-short-fund-direct-growth-review-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/altiva-equity-ex-top-100-long-short-fund-direct-growth-review-2026\/","title":{"rendered":"Altiva Equity Ex-Top 100 Long-Short Fund Direct Growth Review 2026: NAV, Returns, Portfolio &#038; Should You Invest?"},"content":{"rendered":"<p><a href=\"https:\/\/univest.in\/mutual-funds\/altiva-equity-ex-top-100-long-short-fund-g-direct-plan\">Altiva Equity Ex-Top 100 Long-Short Fund Direct Growth Plan<\/a> has a NAV of \u20b911.0674 as of 02 Sep 2026 and a scheme AUM of \u20b9945 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%, while the risk category is High Risk. Our view is that the fund is still too new for a longer track record, but the early pattern and portfolio construction suggest a strategy that may suit investors who can tolerate sharp swings and want a differentiated equity approach rather than a steadier benchmark-like profile.<\/p>\n<p>The fund\u2019s benchmark is Nifty 50, yet the recent return path has only a short window to assess, so the main signal today is the combination of high-risk positioning, concentrated holdings and a launch date in June 2026. That makes it more relevant for investors who can accept uncertainty and prefer to watch how the strategy develops over time.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/altiva-equity-ex-top-100-long-short-fund-direct-growth-review-2026\/#Quick_facts\" title=\"Quick facts\">Quick facts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/altiva-equity-ex-top-100-long-short-fund-direct-growth-review-2026\/#Performance\" title=\"Performance\">Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/altiva-equity-ex-top-100-long-short-fund-direct-growth-review-2026\/#Should_you_BUY_or_HOLD_Altiva_Equity_Ex-Top_100_Long-Short\" title=\"Should you BUY or HOLD Altiva Equity Ex-Top 100 Long-Short?\">Should you BUY or HOLD Altiva Equity Ex-Top 100 Long-Short?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/altiva-equity-ex-top-100-long-short-fund-direct-growth-review-2026\/#Peer_comparison\" title=\"Peer comparison\">Peer comparison<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/altiva-equity-ex-top-100-long-short-fund-direct-growth-review-2026\/#Portfolio_where_your_money_goes\" title=\"Portfolio: where your money goes\">Portfolio: where your money goes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/altiva-equity-ex-top-100-long-short-fund-direct-growth-review-2026\/#Who_should_invest\" title=\"Who should invest\">Who should invest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/altiva-equity-ex-top-100-long-short-fund-direct-growth-review-2026\/#Tax_and_exit_load\" title=\"Tax and exit load\">Tax and exit load<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/altiva-equity-ex-top-100-long-short-fund-direct-growth-review-2026\/#Frequently_asked_questions\" title=\"Frequently asked questions\">Frequently asked questions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/altiva-equity-ex-top-100-long-short-fund-direct-growth-review-2026\/#Bottom_line\" title=\"Bottom line\">Bottom line<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/altiva-equity-ex-top-100-long-short-fund-direct-growth-review-2026\/#Explore_mutual_funds_with_Univest\" title=\"Explore mutual funds with Univest\">Explore mutual funds with Univest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/altiva-equity-ex-top-100-long-short-fund-direct-growth-review-2026\/#RIA_disclosure\" title=\"RIA disclosure\">RIA disclosure<\/a><\/li><\/ul><\/nav><\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Quick_facts\"><\/span>Quick facts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Particular<\/th>\n<th>Details<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>NAV<\/td>\n<td>\u20b911.0674 as of 02 Sep 2026<\/td>\n<\/tr>\n<tr>\n<td>AUM<\/td>\n<td>\u20b9945 Cr<\/td>\n<\/tr>\n<tr>\n<td>Expense Ratio<\/td>\n<td>0.0%<\/td>\n<\/tr>\n<tr>\n<td>Launch Date<\/td>\n<td>08 Jun 2026<\/td>\n<\/tr>\n<tr>\n<td>Min SIP<\/td>\n<td>\u20b91,000<\/td>\n<\/tr>\n<tr>\n<td>Risk Category<\/td>\n<td>High Risk<\/td>\n<\/tr>\n<tr>\n<td>Benchmark<\/td>\n<td>Nifty 50<\/td>\n<\/tr>\n<tr>\n<td>Fund Category<\/td>\n<td>Equity<\/td>\n<\/tr>\n<tr>\n<td>Exit Load<\/td>\n<td>0.50% on or before 90D, Nil after 90D<\/td>\n<\/tr>\n<tr>\n<td>Fund Managers<\/td>\n<td>Nikhil Gada, Trideep Bhattacharya, Ashish Sood, Amit Vora<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The fund is managed by Nikhil Gada, Trideep Bhattacharya, Ashish Sood and Amit Vora.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 02 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Performance\"><\/span>Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Period<\/th>\n<th>Fund return<\/th>\n<th>Benchmark return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1M<\/td>\n<td>0.56%<\/td>\n<td>-3.47%<\/td>\n<\/tr>\n<tr>\n<td>3M<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td>1Y<\/td>\n<td>0%<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td>3Y<\/td>\n<td>0%<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td>5Y<\/td>\n<td>0%<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The most useful evidence here is the short-term contrast. Over 1 month, the fund was mildly positive while the benchmark was negative, which suggests it held up better during the recent patch of weakness in the market. That is a useful early signal, but it is not yet a broad proof of consistency because the scheme only launched in June 2026.<\/p>\n<p>The longer figures do not yet provide a mature compounding history. The 1-year, 3-year and 5-year figures all sit at 0% because the fund does not have that long a live history, so we cannot treat those numbers as a tested long-run outcome. For investors, that means the main question is not whether the fund has already built a full cycle record, but whether its structure and early behaviour fit a high-risk, differentiating allocation.<\/p>\n<p>The 1-month path also shows some day-to-day fluctuation rather than a straight line, which is consistent with a strategy that may move differently from the benchmark at times. That can be attractive if an investor wants return streams that are not tightly tied to the index, but it also means patience matters more than short holding periods.<\/p>\n<p>Overall, the fund is ahead of the benchmark over the available recent window, but the absence of a real 1-year-plus record means that conclusion should be treated as provisional rather than durable.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 02 Sep 2026<\/small><\/p>\n<section class=\"univest-mf-premium-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;border:1px solid #d8e3f0;background:#f7faff\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Should_you_BUY_or_HOLD_Altiva_Equity_Ex-Top_100_Long-Short\"><\/span>Should you BUY or HOLD Altiva Equity Ex-Top 100 Long-Short?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A fund&#8217;s past returns alone don&#8217;t tell you whether you should buy it today or continue holding it.<\/p>\n<p>The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.<\/p>\n<p><strong>Already holding Altiva Equity Ex-Top 100 Long-Short? Thinking of investing now?<\/strong><\/p>\n<p><a href=\"https:\/\/univest.in\/mutual-funds\" style=\"font-weight:700;text-decoration:none\">Get your portfolio analysed for FREE by SEBI-registered Investment Adviser (RIA) through Univest MF Premium<\/a><\/p>\n<\/section>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Peer_comparison\"><\/span>Peer comparison<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Fund<\/th>\n<th>1Y return<\/th>\n<th>3Y return<\/th>\n<th>5Y return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/altiva-equity-ex-top-100-long-short-fund-g-direct-plan\">Altiva Equity Ex-Top 100 Long-Short Fund Direct Growth Plan<\/a><\/td>\n<td>0%<\/td>\n<td>0%<\/td>\n<td>0%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/arudha-equity-long-short-fund-g-direct-plan\">Arudha Equity Long-Short Fund Direct Growth Plan<\/a><\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/isif-active-asset-allocator-long-short-fund-g-direct-plan\">iSIF Active Asset Allocator Long-Short Fund Direct Growth Plan<\/a><\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/arthaya-equity-long-short-fund-g-direct-plan\">Arthaya Equity Long Short Fund Direct Growth Plan<\/a><\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/isif-hybrid-long-short-fund-g-direct-plan\">iSIF Hybrid Long-Short Fund Direct Growth Plan<\/a><\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/isif-equity-ex-top-100-long-short-fund-g-direct-plan\">iSIF Equity Ex-Top 100 Long-Short Fund Direct Growth Plan<\/a><\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.<\/p>\n<p>The fund\u2019s recent one-month return is stronger than the benchmark\u2019s recent move, but the peer set does not yet offer a meaningful multi-year comparison because those longer figures are not available for the listed funds. That leaves the current fund\u2019s short-term behavior as the clearest comparison point, and it is broadly better than the benchmark over the same window.<\/p>\n<p>For 3-year and 5-year comparisons, there is no usable evidence yet to separate this fund from the peers on a long-run basis. So the current picture is one of early relative resilience, not one of established long-term superiority. As a result, the short-term and longer-term comparisons tell different stories: the short window is informative, while the longer windows are still missing.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 02 Sep 2026<\/small><\/p>\n<div class=\"univest-peer-login-cta\" style=\"margin:20px 0;padding:16px 18px;border:1px solid #d8e3f0;border-radius:8px;background:#f7faff\">\n<p style=\"margin:0\"><strong>Want to know more?<\/strong> <a href=\"https:\/\/univest.in\/user\/log-in\" style=\"font-weight:700;text-decoration:none\">Log in to Univest<\/a> for more mutual fund insights.<\/p>\n<\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Portfolio_where_your_money_goes\"><\/span>Portfolio: where your money goes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding<\/th>\n<th>Sector<\/th>\n<th>Weight<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Radico Khaitan Ltd.<\/td>\n<td>Alcohol<\/td>\n<td>4.7%<\/td>\n<\/tr>\n<tr>\n<td>Bharti Hexacom Ltd.<\/td>\n<td>Telecom<\/td>\n<td>4.66%<\/td>\n<\/tr>\n<tr>\n<td>The Clearing Corporation of India Ltd.<\/td>\n<td>Cash &amp; Cash Equivalents and Net Assets<\/td>\n<td>4.33%<\/td>\n<\/tr>\n<tr>\n<td>360 One Wam Ltd.<\/td>\n<td>Finance<\/td>\n<td>4.32%<\/td>\n<\/tr>\n<tr>\n<td>JSW Infrastructure Ltd.<\/td>\n<td>Logistics<\/td>\n<td>4.04%<\/td>\n<\/tr>\n<tr>\n<td>ICICI Lombard General Insurance Company Ltd.<\/td>\n<td>Insurance<\/td>\n<td>3.86%<\/td>\n<\/tr>\n<tr>\n<td>Bharat Dynamics Ltd.<\/td>\n<td>Capital Goods<\/td>\n<td>3.8%<\/td>\n<\/tr>\n<tr>\n<td>Coforge Ltd.<\/td>\n<td>IT<\/td>\n<td>3.71%<\/td>\n<\/tr>\n<tr>\n<td>Gravita India Ltd.<\/td>\n<td>Non &#8211; Ferrous Metals<\/td>\n<td>3.38%<\/td>\n<\/tr>\n<tr>\n<td>SPR Auto Technologies Ltd.<\/td>\n<td>Automobile &amp; Ancillaries<\/td>\n<td>3.31%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The top 10 holdings account for approximately 40.11% of the portfolio.<\/p>\n<p>To see all holdings, visit the <a href=\"https:\/\/univest.in\/mutual-funds\/altiva-equity-ex-top-100-long-short-fund-g-direct-plan\">Altiva Equity Ex-Top 100 Long-Short Fund Direct Growth Plan<\/a> page<\/p>\n<p>The largest holding, Radico Khaitan Ltd., carries a 4.7% weight, so no single position dominates the disclosed portfolio slice. The tenth holding is only slightly smaller at 3.31%, which shows that the top names are fairly close together rather than sharply tiered.<\/p>\n<p>That said, the 40.11% combined weight of the top 10 is still meaningful, especially because the fund discloses 43 holdings in total. This suggests a structure where a relatively compact core may influence outcomes while a longer tail of positions could still add diversification.<\/p>\n<p>Overall, the portfolio looks moderately concentrated among its largest positions, but not extremely top-heavy. That can allow the fund\u2019s active calls to matter, while still leaving room for a broader set of holdings to contribute.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 02 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Who_should_invest\"><\/span>Who should invest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This fund is best suited to investors who can handle High Risk exposure and are comfortable with a strategy that is still early in its history. The recent 1-month resilience versus the benchmark is encouraging, but the lack of a live 1-year-plus record means the long-term case is still developing.<\/p>\n<p>A longer investment horizon is important here because the fund has not yet established multi-year performance evidence. Investors who want a differentiated equity allocation and can tolerate uneven short-term moves may find the structure interesting, while those looking for a smooth, well-seasoned return profile may prefer to wait for more history.<\/p>\n<p>The main trade-off is between potential differentiation and certainty: the portfolio can move differently from the benchmark, but the evidence base is limited and the risk label is high.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Tax_and_exit_load\"><\/span>Tax and exit load<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding period<\/th>\n<th>Tax rate<\/th>\n<th>Description<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Units held less than 1 year<\/td>\n<td>20%<\/td>\n<td>Short-term capital gains tax<\/td>\n<\/tr>\n<tr>\n<td>Units held more than 1 year<\/td>\n<td>12.5%<\/td>\n<td>Long-term capital gains tax<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Exit load: 0.50% if units are sold on or before 90 days; nil after 90 days.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 02 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Frequently_asked_questions\"><\/span>Frequently asked questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>What is the current NAV of Altiva Equity Ex-Top 100 Long-Short Fund Direct Growth Plan?<\/strong><br \/>Its NAV is \u20b911.0674 as of 02 Sep 2026.<\/p>\n<p><strong>What are the fund\u2019s 1-year, 3-year and 5-year returns?<\/strong><br \/>Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%.<\/p>\n<p><strong>How has the fund performed against the benchmark recently?<\/strong><br \/>Over 1 month, the fund returned 0.56% while the Nifty 50 benchmark returned -3.47%. That shows the fund held up better over the most recent short window.<\/p>\n<p><strong>How does it compare with the peer funds listed here?<\/strong><br \/>The peer comparison is limited because the longer return figures are not available for the listed peers. On the available recent window, this fund\u2019s 1-month behavior is the clearest point of comparison and it is ahead of the benchmark over that period.<\/p>\n<p><strong>What is the minimum SIP amount?<\/strong><br \/>The minimum SIP amount is \u20b91,000.<\/p>\n<p><strong>What is the risk level and exit load?<\/strong><br \/>The fund is tagged High Risk. The exit load is 0.50% if units are sold on or before 90 days, and nil after 90 days.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Bottom_line\"><\/span>Bottom line<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Altiva Equity Ex-Top 100 Long-Short Fund Direct Growth Plan has an early record that looks better in the short window than the benchmark, but it still lacks a true multi-year performance history. The portfolio\u2019s largest holdings are reasonably close in size and the top 10 account for a meaningful share of assets, so the strategy may be more active than index-like. On the available return data, it compares favorably in the recent window, but the longer-term picture is still unproven. That makes it more suitable for investors who accept High Risk and want a new, differentiated equity approach.<\/p>\n<p class=\"univest-posted-at\" style=\"font-size:14px;color:#666;margin:20px 0 8px\">Published on 3 September 2026 at 6:52 PM IST<\/p>\n<section class=\"univest-login-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;background:#eef5ff;border:1px solid #cddff7;text-align:center\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Explore_mutual_funds_with_Univest\"><\/span>Explore mutual funds with Univest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Review mutual fund data, compare performance and explore fund insights on Univest.<\/p>\n<p><a href=\"https:\/\/univest.in\/user\/log-in\" style=\"display:inline-block;padding:11px 20px;border-radius:6px;background:#1f4e79;color:#fff !important;text-decoration:none;font-weight:700\">Explore Univest<\/a><\/p>\n<\/section>\n<section class=\"univest-disclaimer\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"RIA_disclosure\"><\/span>RIA disclosure<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.<\/p>\n<\/section>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"InvestmentFund\",\"name\":\"Altiva Equity Ex-Top 100 Long-Short Fund Direct Growth Plan\",\"identifier\":\"altiva-equity-ex-top-100-long-short-fund-g-direct-plan\",\"category\":\"Equity\",\"dateCreated\":\"08 Jun 2026\",\"isAccessibleForFree\":true,\"additionalProperty\":[{\"@type\":\"PropertyValue\",\"name\":\"NAV\",\"value\":11.0674,\"valueReference\":\"as of 02 Sep 2026\"},{\"@type\":\"PropertyValue\",\"name\":\"AUM\",\"value\":\"945 Cr\"},{\"@type\":\"PropertyValue\",\"name\":\"Expense Ratio\",\"value\":\"0.0\"},{\"@type\":\"PropertyValue\",\"name\":\"Benchmark\",\"value\":\"Nifty 50\"},{\"@type\":\"PropertyValue\",\"name\":\"1Y Return\",\"value\":0},{\"@type\":\"PropertyValue\",\"name\":\"3Y Return\",\"value\":0},{\"@type\":\"PropertyValue\",\"name\":\"5Y Return\",\"value\":0},{\"@type\":\"PropertyValue\",\"name\":\"Fund Managers\",\"value\":\"Nikhil Gada, Trideep Bhattacharya, Ashish Sood, Amit Vora\"}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the current NAV of Altiva Equity Ex-Top 100 Long-Short Fund Direct Growth Plan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Its NAV is \u20b911.0674 as of 02 Sep 2026.\"}},{\"@type\":\"Question\",\"name\":\"What are the fund\u2019s 1-year, 3-year and 5-year returns?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%.\"}},{\"@type\":\"Question\",\"name\":\"How has the fund performed against the benchmark recently?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Over 1 month, the fund returned 0.56% while the Nifty 50 benchmark returned -3.47%. That shows the fund held up better over the most recent short window.\"}},{\"@type\":\"Question\",\"name\":\"How does it compare with the peer funds listed here?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The peer comparison is limited because the longer return figures are not available for the listed peers. On the available recent window, this fund\u2019s 1-month behavior is the clearest point of comparison and it is ahead of the benchmark over that period.\"}},{\"@type\":\"Question\",\"name\":\"What is the minimum SIP amount?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The minimum SIP amount is \u20b91,000.\"}},{\"@type\":\"Question\",\"name\":\"What is the risk level and exit load?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The fund is tagged High Risk. The exit load is 0.50% if units are sold on or before 90 days, and nil after 90 days.\"}}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"Person\",\"name\":\"{{ANALYST_NAME}}\",\"affiliation\":{\"@type\":\"Organization\",\"name\":\"Uniapps Investment Adviser Pvt. Ltd.\"},\"description\":\"Uniapps Investment Adviser Pvt. Ltd. \u2014 SEBI Registered Investment Adviser INA000017639\"}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Altiva Equity Ex-Top 100 Long-Short Fund Direct Growth Plan has a \u20b911.0674 NAV as of 02 Sep 2026, a \u20b9945 Cr AUM and High Risk tag. Recent 1-month performance was better than Nifty 50, but longer history is still limited.<\/p>\n","protected":false},"author":29,"featured_media":230102,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3841],"tags":[],"class_list":["post-230103","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mutual-funds"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["230102"],"rank_math_title":["Altiva Equity Ex-Top 100 Long-Short Fund: NAV &amp; Review"],"rank_math_description":["Altiva Equity Ex-Top 100 Long-Short Fund Direct Growth Plan NAV is \u20b911.0674 as of 02 Sep 2026; 1M return 0.56% versus Nifty 50."],"rank_math_focus_keyword":["Altiva Equity Ex-Top 100 Long-Short Fund Direct Growth Plan 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