Magnum Hybrid Long-Short Fund: NAV, returns, unhedged exposure and holdings
Magnum Hybrid Long-Short Fund is a hybrid long-short Specialised Investment Fund from SBI Mutual Fund. Its NAV was Rs 10.2388 on 21 October 2026, +2.05% since it launched on 29 October 2025. No unhedged derivatives in the latest portfolio: any futures or options the fund holds are matched by a share position, or it holds none.
Key facts
| Fund house | SBI Mutual Fund |
|---|---|
| Brand | Magnum SIF |
| Strategy | Hybrid long-short |
| Plan shown | Regular, Growth |
| Launched | 29 October 2025 |
| NAV on 21 Oct 2026 | Rs 10.2388 |
| Fund size (30 Sep 2026) | Rs 3,981.67 crore |
| Risk band (fund house) | 1 of 5 |
| Holdings | 135 |
| Portfolio turnover | 3.96x |
| Minimum investment | Rs 10 lakh per investor per fund house (SIF rule) |
Returns
| 1 month | -2.11% |
|---|---|
| 3 months | -1.83% |
| 6 months | +0.79% |
| Since launch (357 days) | +2.05% |
Returns are absolute and measured on the Regular plan growth NAV from AMFI up to 21 October 2026. The fund is 357 days old, so annualising would mislead.
How the money is invested
| Arbitrage and covered calls | 58.92% |
|---|---|
| Fixed income | 28.98% |
| Equity (unhedged) | 7.43% |
| REITs and InvITs | 4.68% |
Unhedged derivatives
No unhedged derivatives in the latest portfolio: any futures or options the fund holds are matched by a share position, or it holds none.
What does this mean? Derivatives are contracts whose value moves with a share or an index. A long position gains if prices rise and a short position gains if they fall. “Unhedged” means the position is not matched by a share holding in the fund.
Top equity holdings
| Company | Sector | % of net assets |
|---|---|---|
| HDFC Bank Ltd. | Banks | 3.75% |
| Kotak Mahindra Bank Ltd. | Banks | 3.59% |
| Biocon Ltd. | Pharmaceuticals & Biotechnology | 2.92% |
| ICICI Bank Ltd. | Banks | 2.91% |
| Axis Bank Ltd. | Banks | 2.83% |
| Raajmarg Infra Investment Trust | InvIT | 2.70% |
| Reliance Industries Ltd. | Petroleum Products | 2.61% |
| Adani Ports and Special Economic Zone Ltd. | Transport Infrastructure | 2.43% |
| Avenue Supermarts Ltd. | Retailing | 2.39% |
| HDFC Life Insurance Company Ltd. | Insurance | 2.30% |
Top debt holdings
| Security | Rating | % of net assets |
|---|---|---|
| 91 DAY T-BILL 24.12.26 | Sovereign | 2.48% |
| 7.37% CGL 2028 | Sovereign | 2.04% |
| Cholamandalam Investment & Finance Co. Ltd.Perpetual | [ICRA]AA | 1.92% |
| 91 DAY T-BILL 03.12.26 | Sovereign | 1.37% |
| 7.06% CGL 2028 | Sovereign | 1.27% |
Sector mix
Banks 16.8%, Pharmaceuticals & Biotechnology 6.2%, Automobiles 5.6%, Retailing 5.3%, Finance 4.7%, Other sectors 27.5%.
Frequently asked questions
What is Magnum Hybrid Long-Short Fund?
Magnum Hybrid Long-Short Fund is a Specialised Investment Fund (SIF) from SBI Mutual Fund. It follows a hybrid long-short strategy, which means it can hold shares it expects to rise and take short positions through derivatives. It launched on 29 October 2025.
What is the minimum investment?
SIFs need at least Rs 10 lakh per investor per fund house, across that fund house’s SIF strategies. Check the scheme’s offer documents for any further rules.
How has Magnum Hybrid Long-Short Fund performed?
On 21 October 2026 the NAV was Rs 10.2388, a change of +2.05% since launch 357 days earlier. This is a short record, so it says little about how the fund behaves over a full market cycle. Past returns do not predict future returns.
Does the fund hold unhedged derivatives?
No unhedged derivatives in the latest portfolio: any futures or options the fund holds are matched by a share position, or it holds none.
Where does this data come from?
NAV comes from AMFI. Portfolio data comes from the fund house’s monthly disclosure for 30 September 2026 (SBI Mutual Fund monthly portfolio disclosure). We check it daily and note the date on every figure.
Compare and explore
Other Magnum SIF funds
Other hybrid long-short funds
- qsif Hybrid Long-Short Fund
- Altiva Hybrid Long-Short Fund
- Titanium Hybrid Long-Short Fund
- Arudha Hybrid Long-Short Fund
- iSIF Hybrid Long-Short Fund
Data as of 30 September 2026 (portfolio) and 21 October 2026 (NAV). Sources: AMFI and SBI Mutual Fund monthly disclosures. This page is information, not advice, and no return is promised. Ashish Jain, AMFI-registered mutual fund distributor, ARN-294841. Mutual fund investments are subject to market risks; read all scheme related documents carefully.