Tata Asset Management said it has launched the Titanium Equity Long-Short Fund under its Titanium Specialized Investment Fund (SIF) platform, introducing an equity long-short strategy aimed at navigating varying market conditions. 

The New Fund Offer (NFO) opened on April 27, 2026, and will close on May 11, 2026. The fund is targeted at investors with a very high risk appetite, with a minimum investment of ₹10 lakh aggregated across SIFs at the PAN level within the AMC. 

The strategy seeks medium- to long-term capital appreciation by actively managing both long and short positions in equities and equity derivatives. It has the flexibility to dynamically adjust net equity exposure between -25 per cent and 100 per cent depending on market conditions. 

The fund will maintain a minimum 80 per cent gross allocation to listed equities while allowing hedging through derivatives. It can also take unhedged short positions of up to 25 per cent of the portfolio, with overall gross exposure capped at 100 per cent of net assets in line with SIF norms. 

Anand Vardarajan, Chief Business Officer, Tata Asset Management, said, “The SIF framework has opened up a very strategic middle ground between traditional mutual funds and AIF or PMS structures, allowing us to bring more sophisticated strategies in a tax-efficient manner.” 

Suraj Nanda, Fund Manager, Titanium SIF, said, “Traditional equity product keeps the net equity high at every valuation of the market. Titanium Equity Long Short Fund is designed to do dynamic equity allocation as per the valuations of the market.” 

The fund will be benchmarked to the Nifty 500 Total Return Index (TRI), reflecting its broad-based equity approach. It aims to generate returns across bull, bear and range-bound markets by adjusting exposure and using derivatives for risk management. 

SIFs, regulated by SEBI, are positioned as higher-risk, innovation-driven offerings with taxation similar to mutual funds, catering primarily to affluent and high-net-worth investors.