Edelweiss Mutual Fund’s new hybrid Altiva scheme attracted ₹320 crore in subscriptions during its launch phase, reflecting investor demand for tax-efficient multi-asset exposure. The fund follows a long-short equity strategy combining derivatives and fixed-income allocations to manage volatility. Portfolio managers said the structure appeals to HNIs seeking alternative-yield products amid rising global uncertainty. Industry observers expect more hybrid offerings as fund houses diversify into absolute-return and smart-beta strategies ahead of 2026.