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Magnum Hybrid Long-Short Fund
SBI Funds Management Limited
hybrid_long_short
✓Low
✓ Active
✓ AI Summary
- •Balances multi-asset allocations with mandatory minimum 25% each in equity structures and debt/money market instruments, employing derivative mechanisms (covered calls, collar overlays) with maximum 25% unhedged short cap.
- •Open-ended hybrid-oriented SIF under SBI Mutual Fund's Magnum SIF Platform, evaluated against the Nifty 50 Hybrid Composite Debt 50:50 Index.
AI-generated summary of this strategy's ISID. It may contain errors; check the ISID before investing.
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Risk Profile
SEBI Risk Band
Low
Mod-Low
Moderate
High
Very High
Band 1
Derivatives use≤25.00%
LiquidityTwice a week (Monday and Thursday)
Suitable for investors with
₹0Cr+ surplus3+ year horizon
NAV (Today)
₹10.37
↑ 0.21%
13 Oct
Since Inception
↑ 3.73%
Oct 2025
Period Returns
1 Month-1.48%
3 Months-1.20%
YTD+1.48%
Fund House
SBI Funds Management Limited
Category
Hybrid long-short
Benchmark
NIFTY 50 Hybrid Composite Debt 50:50 Index
Plan Shown
Direct Growth
Core Idea
Hybrid Long Short
Investment approach
Expense Ratio
2.25%
Regular plan TER
Risk Label
Low
Band 1
ISIN (Payout)
INF200K30049
Minimum Investment
₹10,00,000
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ISID key facts
Full name
Magnum Hybrid Long-Short Fund
AMC
SBI Funds Management Limited
Fund category
SIF — hybrid
Benchmark
NIFTY 50 Hybrid Composite Debt 50:50 Index
Scheme opens
29 Oct 2025
Min investment
₹ 10,00,000
Exit load
0.500% if redeemed within 15 days
Assets Under Management
₹ 4,005 Cr
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.