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Magnum Equity Ex-Top 100 Long-Short Fund
SBI Funds Management Limited
equity_ex_top100
⚠️Moderate
✓ Active
✓ AI Summary
- •Invests 65–100% of capital in equity and equity-related instruments of mid- and small-cap companies listed outside the top 100 universe, combining concentrated core long book of 25–30 high-conviction companies with up to 25% unhedged short positions.
- •Governed as open-ended equity-oriented strategy under SBI Mutual Fund's Magnum SIF (Specialised Investment Fund) Platform, evaluating relative performance against the BSE 500 Total Return Index (TRI).
AI-generated summary of this strategy's ISID. It may contain errors; check the ISID before investing.
⚠️
Risk Profile
SEBI Risk Band
Low
Mod-Low
Moderate
High
Very High
Band 3
Derivatives use≤25.00%
LiquidityDaily, cut-off 3:00 PM IST
Suitable for investors with
₹0Cr+ surplus3+ year horizon
NAV (Today)
₹9.80
↑ 0.41%
13 Oct
Since Inception
↓ 1.98%
Aug 2026
Period Returns
1 Month-0.76%
YTD-1.98%
Fund House
SBI Funds Management Limited
Category
Equity ex-top 100
Benchmark
BSE 500 TRI
Plan Shown
Direct Growth
Core Idea
Equity Ex Top100
Investment approach
Expense Ratio
—
Regular plan TER
Risk Label
Moderate
Band 3
ISIN (Payout)
INF200K30106
Minimum Investment
—
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ISID key facts
Full name
Magnum Equity Ex-Top 100 Long-Short Fund
AMC
SBI Funds Management Limited
Fund category
SIF — equity
Benchmark
BSE 500 TRI
Scheme opens
7 Aug 2026
Min investment
₹ 10,00,000
Exit load
1.000% if redeemed within 90 days
Assets Under Management
—
Equity allocation
65–100% in listed equities
Tax: Depends on the strategy's asset mix. Equity-oriented strategies (at least 65% in listed Indian equity): gains taxed at 20% if units are held up to 12 months, 12.5% if held longer. Strategies with more than 65% in debt: gains taxed at your income-tax slab rate, whatever the holding period. Other mixes follow different rules. See this strategy's ISID and consult a tax adviser.
Fund Managers
Mr. Gaurav Mehta
Head – SIF Equity / Fund Manager
19+years of experience
Background
- •PGDM (IIM Lucknow), B.Tech.
- •(IIT Bombay), CFA Charterholder (CFA Institute, USA); age 43.
- •Over 19 years of experience in Indian financial markets; joined SBIFML in November 2018 as an Equity Analyst, later appointed CIO – Alternatives Equity in October 2021, managing the SBI Optimal Equity Fund (a long-short Cat III AIF) for nearly three years.
- •Previously worked at Ambit Investment Advisors as a Portfolio Manager and Ambit Capital as an equity research analyst; began career with Edelweiss Capital in May 2006.