Latest NAV
₹10.2218
Apr 30, 2026
1M Return
+2.28%
3M Return
+0.84%
Since Inception
+1.85%
TER
2.05%
Regular plan
Risk Band
Level 2
AMFI
Live NAV data · Source: AMFI NAV API
Trailing returns
1M
+2.28%
3M
+0.84%
6M
+1.85%
Since Inception
+1.85%
🛡️ ALPHA SHIELD ANALYSIS
March 2026 Market Crash
When NIFTY 50 Hybrid Composite Debt 50:50 fell -6.35% in March 2026, here's how Magnum performed:
Hybrid 50:50
-6.35%
Magnum
-1.90%
Alpha vs Benchmark
+4.45%
Capital Protected
70.1%
How Magnum compares in Hybrid Long Short:
Rank: #4 of 8 Hybrid Long Short funds(vs Hybrid 50:50)
What This Means:
Strong downside protection. The fund significantly outperformed its benchmark (Hybrid 50:50) in the crash. Your capital was well cushioned.
Investment objective
Generate regular income by predominantly investing in derivatives strategies like covered calls and arbitrage opportunities in the cash and derivatives segments of the equity markets, plus debt and money market instruments — and to generate long-term capital appreciation through unhedged exposure to equity and equity-related instruments. Benchmarked to Nifty 50 Hybrid Composite Debt 50:50 TRI.
Strategy & allocation
Magnum is SBI Mutual Fund's flagship hybrid long-short SIF — the first investment strategy launched under SEBI's SIF hybrid long-short framework. Combines high equity participation (65–75%) with cash-future arbitrage and covered-call income generation, a 25–35% debt sleeve for accrual and liquidity, and up to 25% unhedged shorts via derivatives for directional alpha and portfolio hedging.
Taxation: 12.5% LTCG after 24 months on the non-equity sleeve and equity-linked LTCG per current rules — materially better than Cat III AIF (MMR 42.7%) at fund level.
Strategy pillars
Core — Equity 65–75%
Equity and equity-related instruments — hedged (cash-future arbitrage, covered calls) or unhedged long exposure
Core — Debt 25–35%
Debt and money market instruments including units of debt oriented MF schemes for accrual and liquidity management
Income — Covered Calls
Writing call options on equity longs to earn premium income — hedged derivative strategy
Alpha — Unhedged Shorts
Up to 25% of net assets via naked derivatives (short futures/puts) for directional alpha and portfolio hedging
Risk — SEBI framework
Cumulative gross exposure ≤100% NAV, options premium paid ≤20%, SEBI single-issuer & sector caps strictly enforced
Investor suitability
Suitable for
- ✓ Accredited / HNI investors with ≥₹10L surplus
- ✓ Seeking regular income + capital appreciation
- ✓ Post-tax alternative to Cat-III AIF long-short
- ✓ 3+ year horizon, moderate risk appetite
Not suitable for
- ✗ Investors needing daily liquidity
- ✗ Below ₹10L investable surplus (SEBI PAN threshold)
- ✗ Guaranteed return seekers
- ✗ Short-term traders / leverage chasers
Fund management team
Gaurav Mehta
Head — SIF Equity
Dinesh Balachandran
Head of Research
Mansi Sajeja
Fund Manager — Fixed Income