Magnum Hybrid Long-Short
Hybrid Long-Short · SBI · Full fund page, with SEBI-format performance
SBI Mutual Fund's hybrid long-short SIF: 65–75% equity with up to 25% unhedged short exposure through derivatives. Risk Band 2 at launch, now 1 per AMFI's summary document. Benchmarked to the NIFTY 50 Hybrid Composite Debt 50:50 Index TRI.
Key terms
| Minimum investment | ₹10 lakh across all strategies of this SIF, at PAN level (accredited investors exempt; the fund house sets their minimum). Mutual fund holdings do not count. |
|---|---|
| Structure | Interval |
| Subscriptions | Daily (business days), at applicable NAV |
| Redemptions | Twice a week — Monday and Wednesday (next business day's NAV if Monday/Wednesday is a non-business day); AMC may reduce the frequency |
| Notice period | None stated (the ISID's notice-period field only restates the redemption days) |
| Cut-off and payout | 3.00 pm — requests after Wednesday 3.00 pm up to Monday 3.00 pm get Monday's NAV; after Monday 3.00 pm up to Wednesday 3.00 pm get Wednesday's NAV · Within 3 working days of the redemption date (normal circumstances) |
| Exit load | Any redemption or switch-out 'in excess of the limit' (free allowance) attracts: 0.50% if redeemed on or before 15 days from allotment; 0.25% after 15 days up to 1 month; nil after 1 month. The size of the free 'limit' is not stated in any official document reviewed. |
| Listed on an exchange | — |
| Expense ratio (Regular) | 0.92% base · 1.51% totalTotal adds brokerage, transaction costs and levies · AMFI · Regular plan · 4 Nov 2026 |
| Risk band (AMC-declared) | Level 1 of 5, as on 30 October 2026; reviewed monthly |
| Equity allocation | 65% to 75% (large + select mid) |
| Debt allocation | 25% to 35% Investment-grade; actively-managed duration |
| Unhedged short | 0% to 25% of net assets Futures, options & spreads (incl. single stocks) |
| Benchmark | NIFTY 50 Hybrid Composite Debt 50:50 Index TRI |
| Tax treatment | Equity-oriented 12.5% LTCG >12m; 20% STCG |
| Fund managers | Gaurav Mehta |
Redemption terms from our liquidity record, checked 3 November 2026; sources: AMFI portal — Investment Strategy Information Document (S-4); AMFI portal — Investment Strategy Summary Document (SSD_S-4); undated, date is PDF metadata; SBI MF (Magnum SIF) — Notice cum addendum, changes in features of Magnum Hybrid Long Short Fund (redemption days, minimum redemption, SWP), effective 9 Feb 2026; SBI MF — Magnum SIF Notices & Addendums page, scheme and general lists for last 1 year (checked 3 Nov 2026); SBI MF — Magnum SIF factsheet, September 2026; SBI MF — KIM, Magnum Hybrid Long Short Fund; SBI MF — Magnum Hybrid Long Short Fund scheme page (exit-load text read 3 Nov 2026). Other rows as stated on the fund page, which cites the fund house’s documents. Fund houses change terms by notice-cum-addendum; the latest offer documents govern.
Read before investing
- SBI Mutual Fund — Investment Strategy Information Document (ISID), 23 Sep 2025 — read with SBI's later notices-cum-addenda
- AMFI — Investment Strategy Information Document (S-4)
- SBI Mutual Fund — Key Information Memorandum (KIM)
- How a Hybrid Long-Short strategy works, from SEBI’s rules
What your distributor should explain
SEBI asks a distributor to explain, in clear language, before an investment (SEBI FAQs for distributors, C10):
- the relatively higher-risk nature of the product;
- the ₹10 lakh PAN-level threshold and what happens on an active or a passive breach;
- the strategy’s objective, asset allocation, derivatives exposure, risk band and scenario analysis;
- the subscription and redemption frequency, notice period, liquidity-management tools, fees, expenses and exit load, if any.
Investments in Specialized Investment Fund involves relatively higher risk including potential loss of capital, liquidity risk and market volatility. Please read all investment strategy related documents carefully before making the investment decision.
This note gives facts from public documents; it is not a recommendation and does not say whether the strategy suits you. It shows no performance: see the fund page for figures in SEBI’s format. Trustner Asset Services Pvt. Ltd. (CIN U66301AS2023PTC025505) is an AMFI-registered Mutual Fund & SIF Distributor, ARN-286886, offers the Regular plan and receives commission from the fund house. merasif.com