Magnum

Specialised Investment Fund

SBI Mutual Fund

Magnum Equity Ex-Top 100 Long Short Fund

Regular PlanEquityRisk band Level 5 (Highest)

Benchmark BSE 500 TRI

Magnum Equity Ex-Top 100 Long Short Fund (SBI Mutual Fund) is an Ex-Top 100 SIF with AUM of ₹526 Cr. As of 23 Oct 2026, its NAV is ₹9.21, with returns of -8.0% (1M) and -7.6% since inception. Risk band Level 5 (Highest).

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Latest NAV

▼ 2.77%
₹9.21

-0.2621 since previous close

High · 3M

₹10.01

Low · 3M

₹9.21

AUM

₹525.71 Cr

Expense Ratio

1.78%

OverviewPerformanceRiskFeesFund ManagerDocuments
01

Overview

About the Fund

“

Investment Objective

Investment objective not yet published for this strategy.

Benchmarked againstBSE 500 TRI
AMCSBI Mutual Fund
StrategyEquity
Inception—
Redemption—
02

Performance

Performance & Return Drivers

NAV History · 3M

-7.6%3M · NAV return

View as table
Recent NAV history for Magnum Equity Ex-Top 100 Long Short Fund - Regular Plan - Growth
DateNAV (₹)
23 Oct 20269.2056
22 Oct 20269.4677
21 Oct 20269.5307
19 Oct 20269.7106
16 Oct 20269.8544
15 Oct 20269.7835
14 Oct 20269.8511
13 Oct 20269.7854
12 Oct 20269.7456
09 Oct 20269.6931
08 Oct 20269.6548
07 Oct 20269.8865
06 Oct 20269.8785
05 Oct 20269.7371
01 Oct 20269.7251
30 Sep 20269.8123
29 Sep 20269.8014
28 Sep 20269.8188
25 Sep 20269.9116
24 Sep 20269.9151
23 Sep 202610.0024
22 Sep 20269.8736
21 Sep 20269.8877
18 Sep 20269.8804
17 Sep 20269.7758
16 Sep 20269.7423
15 Sep 20269.7338
11 Sep 20269.8709
10 Sep 20269.8815
09 Sep 20269.8937
08 Sep 20269.9435
07 Sep 20269.9761
04 Sep 202610.0066
03 Sep 20269.9825
02 Sep 20269.9630

Fund Return · 3M

-7.6%

3M · NAV return

Alpha over Benchmark

—

vs BSE 500 TRI

Volatility Σ

—

building (< 60 obs)

Max Drawdown

-8%

peak-to-trough · 3M

04

Risk

Risk Profile, Exposure Limits & Fund Managers

Risk band Level 5 (Highest)SEBI scale · 1 Lowest, 5 Highest
Level 1Level 2Level 3Level 4Level 5
Equity Allocation100
Debt Allocation35
Commodity Allocation—
Derivative Exposure Max—
Unhedged Short Max25

Who Manages This Fund

Gaurav Mehta

Fund Manager

Gaurav Mehta

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

1.78%

Excl. brokerage, transaction cost & statutory levies

Exit Load

—

Redemption

—

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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