Titanium Hybrid Long Short
Our view on the fund, the AMC, the strategy, the performance & the investment team.
IME's Review of Titanium Hybrid Long Short
| Fund Rating | Strategy Rating | Performance Rating |
|---|---|---|
Upgrade | Upgrade | Upgrade |
View on the Fund
Titanium Hybrid Long Short is among the earliest SIF strategies launched, with an objective of generating steady income with controlled volatility, similar in nature to a long–short approach. However, we currently maintain a neutral stance on the strategy. As both the SIF structure and the fund itself are still new, the track record is in the process of being established and We therefore prefer to observe the strategy’s execution over time before forming a stronger view.
Strategy
Steady Income with Controlled Volatility
Fund's Strategy View
The fund follows a hybrid long-short framework that dynamically adjusts exposure across market conditions—bull, overvalued, and range-bound phases, in the following manner: - **Bull Markets (increase net-equity):** the portfolio will increase net-equity exposures (high cash-equity exposure with minimal hedged positions) - **Bear Markets (minimise net-equity):** increase short-positions (mix of hedged & unhedged) to capture returns on the downside - **Range-bound Markets (shift allocations dynamically):** dynamically move between long and short positions to reduce volatility The asset allocation that the SIF will follow is: - **Equity (65-75%):** of which technically 100% can be hedged + a further 25% can be a naked short .. leading to a -25% net long - **Fixed Income (25-35%):** - **REITs & InVITs (0-10%):** - **Net Equity:** can accordingly move between -25% to 75% based on the market outlook
Fund Performance
The funds aim to use shorts tactically to reduce portfolio volatility, downside protection during turbulent market conditions. Consistent ability to take such calls is key for low volatility returns over time.
Trailing Performance
| 1yr | 3yr | 5yr | Since Inception | |
|---|---|---|---|---|
| Titanium Hybrid Long Short |
Performance as of: 31-Jan-26 | Inception Date: 01-Nov-25 | Performance are post-fees, pre-taxes. Global funds denominated in USD or fund currency.
Investment team
Amit Somani | 3-star rated FM
Deputy Head - Fixed Income | 23 yrs Experience | 16 yrs at current firm
Past Experience: Fidelity (Research Associate)
Amit Somani brings over 20 years of experience across Indian and global financial markets, with a specialization in credit analysis and fixed-income fund management. He has been with Tata AMC since 2010, initially as a Credit Analyst, and later as a Fund Manager managing debt-oriented schemes including Liquid, Money Market, and Banking & PSU funds. He now serves as Deputy Head – Fixed Income for the Titanium SIF. Prior to Tata AMC, he worked with Fidelity Investments, Netscribes, SPA Capital, and Khandwala Securities. He is a B.Com graduate, holds a PGDBM, and is a CFA charterholder.”
Suraj Nanda | 2-star rated FM
FM - Equity & Hybrid SIF | 15 yrs Experience | 1 yrs at current firm
Past Experience: ICICI Pru (FM)
Suraj Nanda is the Fund Manager for the Titanium SIF, bringing over 10 years of investment experience. Prior to this role, he was associated with ICICI Prudential, where he managed long–short equity strategies.
IME's Review of Titanium SIF (Tata)
| AMC Rating | Pedigree Rating | Team Rating | Philosophy Rating |
|---|---|---|---|
Upgrade | Upgrade | Upgrade | Upgrade |
View on AMC
We maintain a cautious view on the SIF arm of Tata Mutual Fund. While the SIF structure offers access to more sophisticated investment products, it remains relatively new and lacks a meaningful track record to assess its effectiveness. With a core MF that has not scaled up to it's potential, combined with some synergies of running long-short AIFs in the past, the SIF does have some potential but it is still very nasent and we would recommend investors waiting some time for it to mature.
AMC's Pedigree
Titanium SIF operates within Tata Mutual Fund, a long-established asset manager backed by a reputable Indian corporate group. While Tata is one of India's most recognised corporate brands, they have not really managed to scale their AMC business which has also experienced a reasonable level of team churn. They do have the benefit of running long-short AIF strategies since 2019 in a group company, which can lead to some synergies.
AMC Team
Titanium SIF platform leverages Tata Mutual Fund’s broader and experienced investment bench across equities, fixed income, derivatives, and asset allocation. However, as with other relatively smaller AMCs, the platform remains exposed to fund-manager churn risk
Investment Philosophy
Titanium SIF does not adhere to a single overarching investment philosophy at the AMC level, instead employing frameworks designed on a strategy-specific basis. Given that the SIF platform is still new, the AMC is in the process of establishing and refining its operating and investment frameworks within this structure
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