Tata Asset Management has introduced its second Specialised Investment Fund, the Titanium Equity Long-Short Fund, which aims to achieve medium-to-long-term capital appreciation. This fund will actively manage both long and short equity exposures, with the capacity to dynamically adjust net equity exposure between -25% and 100% in response to market conditions.
The New Fund Offering (NFO) will remain open until May 11, with a minimum investment requirement set at ₹10 lakh. The fund is committed to maintaining equity as its core focus, ensuring at least 80% of its gross allocation is directed towards listed equities. Additionally, it has the flexibility to hedge its equity exposure through derivatives and to adopt unhedged short positions of up to 25% of the portfolio’s total value.
Anand Vardarajan, Chief Business Officer at Tata Asset Management, noted that the Specialised Investment Fund (SIF) framework provides a strategic intermediary option between traditional mutual funds and Alternative Investment Funds (AIF) or Portfolio Management Services (PMS). This allows fund managers to implement more sophisticated strategies in a tax-efficient manner.
The Titanium Long-Short Fund offers the adaptability to shift into either aggressive long or short positions and may also adopt an arbitrage strategy based on prevailing market conditions. This flexibility is designed to benefit investors throughout different market phases, according to Vardarajan.
By actively managing both hedged and unhedged long and short positions, the fund aims to deliver performance that is less reliant on market direction, seeking to capitalize on volatility during bull, bear, and range-bound markets.
Fund Manager Suraj Nanda explained that while traditional equity products typically maintain a high net equity regardless of market valuations, the long-short fund is structured for dynamic equity allocation in accordance with market valuations. The option for unhedged short positions of up to 25% will enable the fund to exploit opportunities in both rising and declining stocks.
The article was published on April 28, 2026.
