Core holdings
Approximately 25–30 high-conviction ideas, selected using the manager's business, management and valuation framework.
Magnum SIF · SBI Mutual Fund
Magnum Equity Ex-Top 100 Long Short Fund
An open-ended strategy focused on companies beyond India's top 100 by market capitalisation. It combines research-led long equity positions with limited derivative shorts.
NFO ran from 7 to 20 August 2026. This summary uses the NFO presentation; verify current terms with the fund house.
Investment approach
A core portfolio with tactical flexibility
The investment objective is long-term capital appreciation, primarily from stocks outside the top 100. The fund may use limited short positions through derivatives to seek additional return opportunities or manage risk. The objective is not guaranteed.
Satellite positions
Tactical long and short ideas may respond to earnings changes, catalysts and changing industry dynamics.
Derivatives
Long positions, shorts and options may be used opportunistically within the strategy's limits.
The core and satellite descriptions are from the NFO presentation. Actual holdings and exposures can change.
Mandate
Indicative asset allocation limits
| Asset or exposure | Limit | Role described in presentation |
|---|---|---|
| Equities outside the top 100 | 65%–100% | Core investment universe |
| Top 100 equities | Up to 35% | Selective opportunities and liquidity |
| Debt and money market instruments | Up to 35% | Primarily liquidity management |
| Unhedged short exposure | Up to 25% | Opportunistic derivative positions |
| InvIT units | Up to 20% | Opportunistic allocation |
These are mandate ranges and exposure limits, not a current portfolio snapshot. They use different measures and should not be added together. The presentation also states derivative positions, including equity and debt derivatives, can be up to 100% of net assets. Refer to the current ISID for the full asset allocation rules.
Fund facts
Investment terms from the NFO presentation
- Fund house
- Magnum SIF, offered by SBI Mutual Fund
- Category
- Equity Ex-Top 100 Long Short Fund
- Structure
- Open-ended investment strategy
- Benchmark
- BSE 500 TRI
Minimum application
₹10 lakh for a new Magnum SIF investor. For existing investors who meet the aggregate ₹10 lakh threshold, ₹1 lakh per application. Additional purchases start at ₹10,000. The presentation permits lump sum and SIP investments.
Exit load
1% of applicable NAV if redeemed or switched out on or before three months from allotment; nil after three months.
Terms are from the NFO presentation and may change. Check the latest ISID, KIM and applicable addenda before investing.
Before investing
Understand the risks and source
Market and strategy risk
Mid and small cap stocks can be volatile and less liquid. Derivative shorts and options add complexity. SIF investments carry relatively higher risk, including potential loss of capital, liquidity risk and market volatility. The presentation gives no assurance that the objective will be achieved.
Check current documents
The NFO presentation is a historical source. For current risk disclosures, NAV, availability and transaction terms, read the latest official strategy documents before making a decision.
Frequently asked questions
What is Magnum Equity Ex-Top 100 Long Short Fund?
It is an open-ended Magnum SIF strategy offered by SBI Mutual Fund. It invests primarily in equity and equity-related instruments of companies outside India's top 100 by market capitalisation, with limited short exposure through derivatives.
What is the minimum investment?
The NFO presentation states ₹10 lakh for a new Magnum SIF investor. For an existing investor meeting the aggregate ₹10 lakh threshold across Magnum SIF strategies, it states ₹1 lakh per application. Additional purchases start at ₹10,000. Check the current ISID for applicable terms.
What is the exit load?
The presentation states 1% of applicable NAV on redemption or switch-out on or before three months from allotment, and nil after three months. Confirm the current terms before investing.
What is the benchmark?
The fund's stated benchmark is BSE 500 TRI. A benchmark is a comparison measure, not an indication of the fund's future return.
Is the NFO still open?
No. The presentation lists the NFO window as 7 to 20 August 2026. Check the official Magnum SIF page for current purchase availability and documents.
Discuss the fit
Evaluate the fund in your portfolio context
Review its strategy, liquidity and risks with an adviser before investing.