Magnum Hybrid Long Short Fund - Direct Plan

About Magnum Hybrid Long Short Fund - Direct Plan

Magnum Hybrid Long Short Fund - Direct Plan is a hybrid mutual fund scheme of SBI Mutual Fund. Launched on October 20, 2025, it is currently managed by Gaurav Mehta. The fund has an expense ratio of --% with an overall AUM (Assets Under Management) of ₹3,647 Cr.

Magnum Hybrid Long Short Fund - Direct Plan invests in a mix of equity and fixed-income securities. While the fund is mandated to invest minimum 25 per cent each in equity & debt, the proportion of the two is dynamically managed and may keep varying depending on the market outlook of the fund manager. These funds can take up to 25 per cent short exposure through unhedged equity / debt derivative positions, depending on where the fund management team expects maximum gains. The fund allows minimum lumpsum investment of ₹10,000 and minimum SIP of ₹10,000.

Investment Strategy

The investment objective of the Investment Strategy is to generate regular income by predominantly investing in Derivatives strategies like covered calls, arbitrage opportunities in the cash and derivatives segments of the equity markets and debt and money market instruments and to generate long-term capital appreciation through unhedged exposure to equity and equity related instruments.

Suitability

Hybrid Long-Short SIFs are suitable for investors:

• Looking to invest in a portfolio of equity and debt for moderate returns
• Who prefer to let fund manager decide how much to invest in equity and in debt
• Aiming for long-term wealth creation
• With a 5+ year investment horizon
• Who are new/unfamiliar with market’s ups and downs