After launching arbitrage and mid-cap-based strategies under its Specialised Investment Fund (SIF), Edelweiss Mutual Fund’s Altiva SIF is set to launch its third strategy, focused on large-cap equities, on September 10.The new large-cap-focused strategy will combine large-cap equity exposure with an income-oriented derivatives overlay. Radhika Gupta, MD & CEO of Edelweiss Mutual Fund, said the strategy aims to deliver a more consistent source of alpha for investors’ core portfolios.According to Gupta, the strategy is designed around the objective of delivering predictable large-cap alpha through income-oriented derivatives strategies. It seeks to combine participation in large-cap equities with an additional income-generating component through derivatives.Also Read | Over Rs 1 crore invested in mutual funds, NPS, PPF and FDs: Should this PSU banker increase equity exposure with 18 years to retirement?In a social media post on X, Gupta said that, “Launching on 10th September, here is the link to Altiva's next SIF. It tries to deliver predictable large cap alpha using income oriented derivatives strategies.”Launching on 10th September, here is the link to Altiva's next SIF. It tries to deliver predictable large cap alpha using income oriented derivatives strategies. Presentation in the LinkedIn post below, will be on our website soon. https://t.co/2uEdzYD6mP— Radhika Gupta (@iRadhikaGupta) August 24, 2026 Last week, Gupta hinted at a new SIF launch by Edelweiss MF’s Altiva SIF. The CEO said that this new launch takes the problem of large cap alpha and gives it a twist.Large caps are the core of most portfolios, offering stability, resilience, and long-term wealth creation. However, generating consistent alpha through stock selection alone can be challenging in a well-researched and efficiently priced market. She highlighted that passive funds are equal to market returns only and large cap funds are equal to market returns and alpha through stock picking.“Inconsistent because of how well researched the category is. Altiva Long Short SIF = Market returns + alpha via income oriented derivative strategies like covered call. Bringing the expertise we brought in Hybrid SIF to deliver more consistent large cap alpha,” She further said.Altiva Equity Long Short FundAltiva Equity Long Short Fund will be an open ended equity investment strategy investing in listed equity and equity related instruments including limited short exposure in equity through derivatives instruments.The fund will open for subscription on September 10 and will close on September 24. The fund will be managed by Bharat Lahoti, Bhavesh Jain and Amit Vora.The fund will aim to generate alpha over Nifty 100 across cycles, with volatility comparable to other large cap oriented strategies. From this fund, investors can expect relatively consistent outperformance than traditional large cap strategies and lower drawdowns in sharp corrections; may miss some upside during sharp market rallies, according to the fund presentation.The minimum investment amount will be Rs 10 lakh. Existing Altiva SIF investors who have met the minimum threshold may invest Rs 1,000 and in multiples of Re 1 thereafter. Minimum investment in SIP, STP, SWP (subject to min investment of Rs 10 lakh) will be Rs 1,000 and in multiples of Re 1 thereafter.Earlier this week, Gupta in another post said that investors looking to invest in Specialised Investment Funds should first identify what they want the strategy to achieve rather than adding an SIF to their portfolio simply as another investment product.Also Read |Portfolios need better solutions to existing problems, not more products says Radhika GuptaAccording to her, investors should first identify the gap in their portfolio and then look for an investment solution that addresses that specific need. She highlighted three SIF strategies showing how different portfolio requirements can be addressed through these SIFs.For investors looking for a more efficient alternative to traditional fixed-income investments, Gupta pointed to Hybrid Long Short strategies as a potential solution. For investors seeking opportunities to generate higher alpha, Gupta highlighted Ex Top 100 strategies. She termed this an “alpha solution”.Gupta also highlighted Equity Long Short strategies for investors seeking core equity exposure while aiming to add some incremental alpha and reduce portfolio volatility.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)If you have any mutual fund queries, message ET Mutual Funds on Facebook/Twitter. We will get them answered by our panel of experts. Do share your questions at ETMFqueries@timesinternet.in along with your age, risk profile, and Twitter handle.