Edelweiss Mutual Fund plans to launch Altiva SIF in the hybrid category within the next couple of months, following SEBI approval.
Altiva SIF offers more flexibility than traditional mutual fund schemes, especially in the use of derivatives and subscription/redemption frequencies.
The minimum investment threshold for Altiva SIFs is Rs 10 lakh, reflecting their complexity and use of derivatives.
SEBI requires SIFs to operate under a separate brand like 'Altiva SIF' to differentiate them from traditional mutual funds, catering to investors with a higher risk appetite.