Magnum

Specialised Investment Fund

SBI Mutual Fund

Magnum Hybrid Long Short Fund

Regular PlanHybridRisk band Level 1 (Lowest)

Benchmark NIFTY 50 Hybrid Composite Debt 50:50 Index (TRI)

Magnum Hybrid Long Short Fund (SBI Mutual Fund) is a Hybrid Long-Short SIF with AUM of ₹4,005 Cr. As of 23 Oct 2026, its NAV is ₹10.16, with returns of -3.1% (1M), -2.3% (3M) and +1.3% since inception. Risk band Level 1 (Lowest).

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Latest NAV

▼ 0.36%
₹10.16

-0.0365 since previous close

High · 3M

₹10.58

Low · 3M

₹10.16

AUM

₹4004.89 Cr

Inception

Oct 29, 2025

Expense Ratio

0.92%

OverviewPerformanceRiskFeesFund ManagerDocuments
01

Overview

About the Fund

“

Investment Objective

Capital appreciation and regular income via equity, debt and derivatives including covered calls and arbitrage

Benchmarked againstNIFTY 50 Hybrid Composite Debt 50:50 Index (TRI)
AMCSBI Mutual Fund
StrategyHybrid
InceptionOct 29, 2025
RedemptionTwice a week (Mon & Wed)
02

Performance

Performance & Return Drivers

NAV History · 3M

-2.6%3M · NAV return

View as table
Recent NAV history for Magnum Hybrid Long Short Fund - Regular Plan - Growth
DateNAV (₹)
23 Oct 202610.1630
22 Oct 202610.1995
21 Oct 202610.2388
19 Oct 202610.2842
16 Oct 202610.3220
15 Oct 202610.3076
14 Oct 202610.2695
13 Oct 202610.3021
12 Oct 202610.2803
09 Oct 202610.2809
08 Oct 202610.2425
07 Oct 202610.3104
06 Oct 202610.3348
05 Oct 202610.2899
01 Oct 202610.2737
30 Sep 202610.3084
29 Sep 202610.3134
28 Sep 202610.3173
25 Sep 202610.4033
24 Sep 202610.3942
23 Sep 202610.4894
22 Sep 202610.4604
21 Sep 202610.4592
18 Sep 202610.4494
17 Sep 202610.4192
16 Sep 202610.4040
15 Sep 202610.3919
11 Sep 202610.4626
10 Sep 202610.4822
09 Sep 202610.4779
08 Sep 202610.4927
07 Sep 202610.5098
04 Sep 202610.5330
03 Sep 202610.5284
02 Sep 202610.5221
01 Sep 202610.5374
31 Aug 202610.5599
28 Aug 202610.5707
27 Aug 202610.5722
26 Aug 202610.5714
25 Aug 202610.5832
24 Aug 202610.5637
21 Aug 202610.5794
20 Aug 202610.5616
19 Aug 202610.5438
18 Aug 202610.4948
17 Aug 202610.4962
14 Aug 202610.5084
13 Aug 202610.5205
12 Aug 202610.5112
11 Aug 202610.5009
10 Aug 202610.5060
07 Aug 202610.4930
06 Aug 202610.4929
05 Aug 202610.4977
04 Aug 202610.5110
03 Aug 202610.5284
31 Jul 202610.4692
30 Jul 202610.4461
29 Jul 202610.4418

Fund Return · 3M

-2.6%

3M · NAV return

Alpha over Benchmark

—

vs NIFTY 50 Hybrid Composite Debt 50:50 Index

Volatility Σ

+4.59%

annualised std dev

Max Drawdown

-3.97%

peak-to-trough · 3M

04

Risk

Risk Profile, Exposure Limits & Fund Managers

Risk band Level 1 (Lowest)SEBI scale · 1 Lowest, 5 Highest
Level 1Level 2Level 3Level 4Level 5
Equity Allocation25%–75%
0%25%50%75%100%
Debt Allocation25%–75%
0%25%50%75%100%
Commodity Allocation—
Derivative Exposure MaxUp to 100% of net assets
0%25%50%75%100%
Unhedged Short Max0%–25%
0%25%50%75%100%

Who Manages This Fund

Gaurav Mehta

Fund Manager

Gaurav Mehta

Overall Strategy & Equity L—S

Experience

Over 15 years in Indian financial markets; joined SBI Funds Management in November 2018 as an Equity Analyst before moving into fund management, and CIO – Alternatives since October 2021, responsible for the equity portion of the Portfolio Management Services & Alternative Investment Funds business; earlier at Ambit Investment Advisors, Ambit Capital and Edelweiss Capital

SBI Funds Management since 2018; CIO – Alternatives since October 2021

Qualifications

B.Tech (Chemical Engineering), IIT Bombay; PGDM, IIM Lucknow; CFA Charterholder (CFA Institute, USA)

05

Fees & Plan

Fees, Minimums & Redemption

Minimum Investment

₹10,00,000

SEBI-mandated SIF threshold

Expense Ratio

0.92%

Excl. brokerage, transaction cost & statutory levies

Exit Load

No exit load disclosed (interval fund; redemption windows apply)

Redemption

Twice a week (Mon & Wed)

Why a ₹10 lakh minimum?

SEBI set this threshold for investors who understand complex strategies. It applies across all SIF strategies at one fund house, not per fund.

Can I redeem anytime?

Equity long-short SIFs offer daily redemption. Hybrid long-short SIFs are interval funds — redemption is only on specific windows, as set out above.

How is a SIF taxed?

Like mutual funds, a SIF is taxed only when you redeem — there is no annual capital-gains event as with PMS or AIF structures.

06

Documents

Factsheets & Disclosures

No factsheets published for this strategy yet.

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