SBI Magnum Equity Ex-Top 100 Long-Short Fund
SIF strategy under SBI Mutual FundCategory: EquityFace value ₹10.00/unit
6 days left to subscribe
NFO closes 16 Jul 2026, 3:00 PM
Opened
28 Jun 2026
Closes
16 Jul 2026
Allotment
21 Jul 2026
Reopens
26 Jul 2026
Key scheme terms
Min. investment
₹10,00,000
Per PAN, across all SBI SIF strategies
Additional investment
₹1 multiples
After minimum is met
Subscription price
₹10.00
Per unit, face value
Exit load
1%
If redeemed ≤ 15 days
Lock-in period
None
Open-ended structure
Benchmark
NIFTY 500 TRI
Single-tier, SEBI mandated
NFO expenses
₹0
SEBI prohibits NFO charges
Risk band
Level 6 — Very High
SEBI riskometer
What makes this different from a standard MF NFO
₹10L minimum is aggregated at PAN level, not per scheme
If you already hold ₹10L in another SBISIF strategy, you don't need a fresh ₹10L for this fund — the threshold applies across all SIF strategies from the same AMC under your PAN.
Accredited investors are exempt from the ₹10L threshold
Individuals with ₹2Cr+ annual income, or ₹7.5Cr+ net worth (with ₹3.75Cr+ in financial assets), qualify as accredited investors under SEBI norms and can invest below the standard minimum.
Unhedged short exposure capped at 25% of net assets
This is a SEBI-wide cap on all SIF long-short strategies. Hedging and rebalancing positions don't count toward this limit — only the directional short book does.
Asset allocation mandate
Equity & equity-related instruments65% – 95%
Debt & money market instruments0% – 35%
Unhedged short exposure (equity + debt)0% – 25%
Equity
Debt
Unhedged short exposure
Investment strategy & objective
Large & midcap long-short positioning
Excluding the top 100 stocks, this fund identifies long and short opportunities in high-potential mid and small-cap segments to extract maximum alpha.
Quantitative active stock selection
Uses a robust quantitative model with strict risk control measures to dynamically adjust the long-short exposure based on liquidity and earnings momentum.
Hedged portfolio to limit downside volatility
Maintains a hedging sleeve through index futures and options to buffer market downturns and lock in gains during high-volatility phases.
Liquidity & investment restrictions
SIP, STP, and SWP permitted, provided your aggregate SIF balance stays at or above ₹10,00,000
Open-ended structure — invest or redeem any business day after allotment
Partial redemptions not allowed if remaining investment would fall below ₹10,00,000 — only full redemption permitted in that case
Applications cannot be cancelled once submitted and funds are blocked for allotment
NAV disclosed daily by 11:00 PM; portfolio disclosed every alternate month
Fund management team
Sanjay Kumar
CIO — Equity
18+ years experience. Manages SBI's top-performing large-cap and long-short strategies with strong risk-adjusted returns.
Amit Patel
Co-Fund Manager
10+ years in derivative strategies. Specialized in option hedging and long-short pair trades.
How to apply for this NFO
Confirm eligibility
Check your existing SIF holdings with SBI AMC and confirm ₹10,00,000 PAN-level threshold.
Submit application
Apply via SBI AMC's SIF platform or your distributor with completed KYC.
Funds blocked
Your ₹10,00,000 is held until allotment — not deducted upfront from your account.
Units allotted
By 21 Jul 2026, units credited at ₹10.00/unit. Fund reopens for transactions 26 Jul 2026.
NFO documents
SIFcase is a research and comparison platform. NFO information shown is for educational purposes only and should not be considered investment advice. Investments in SIFs involve relatively higher risk, including potential loss of capital, liquidity risk, and market volatility. Please read the Investment Strategy Information Document and all scheme-related documents carefully before investing. This Investment Strategy Information Document reference is current as of the date shown on official AMC documentation — confirm directly with SBI Mutual Fund before applying.