01
Market risk
SIF NAVs can fall with equity, debt, liquidity and sentiment shocks. Hedging can reduce drawdowns but cannot remove market risk.
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FundsMagnum Equity Ex-Top 100
SBI Mutual Fund
Magnum Equity Ex-Top 100 Long Short Fund
Equity Ex-Top 100Equity ex top 100 long shortNet long As per ISID
01 SIFPrime research brief
An ex-top-100 long-short mandate built for selective mid and small-cap alpha.
Magnum Equity Ex-Top 100 focuses beyond the largest 100 listed companies, where stock selection can add alpha but liquidity and drawdown risk can be materially higher. The long-short toolkit allows the manager to hedge broad market exposure and express negative views through derivatives, subject to scheme and SEBI limits. Review the portfolio breadth, hedge ratio and trading liquidity together rather than reading performance in isolation.
Current NAV
Pending
NAV date pending
Core idea
Ex-top 100
Equity ex top 100 long short
Team depth
Pending
Research team mapped
Risk label
Very High
Read with the risk framework
02 Daily NAV performance
Daily NAV movement and returns
Every published daily point is plotted; choose a period to inspect the path.
Since inception
0.00%
0 NAV points
NAV history will appear after regular publications.
NFO and newly listed SIFs may have limited history.
Monthly returns
Compact month-by-month performance (%)
Monthly returns will appear after regular NAV publications.
03 Portfolio intelligence
Tracking Magnum Equity Ex-Top 100 Long Short Fund
Portfolio disclosure pending
Subscriptions are open and portfolio holdings are not published during the NFO. Verified holdings will appear here after allotment and the AMC's first disclosure.
Fund phase
NFO subscription
Holdings status
Not yet published
Page update
After first disclosure
03 Portfolio construction
Asset allocation bands
Scheme-filed allocation limits show where the strategy can invest. Actual weights vary with the portfolio disclosure date and fund-manager view.
Ex-top-100 equity universe
Min
--
Max
65%+
Portfolio focus outside the largest listed companies
Hedged / tactical derivatives
Min
--
Max
As per SID
Used for hedging, rebalancing and alpha expression
Unhedged shorts
Min
--
Max
0-25%
SEBI SIF short-exposure cap
Debt and cash
Min
--
Max
Liquidity sleeve
Supports settlement and redemption needs
Benchmark: BSE 500 TRI
04 Fund managers
Fund manager details pending
Fund manager names and biographies are not available in the current dataset yet. This section will update once the official manager details are added.
Fund manager data is awaiting the next verified scheme update.
Team lens
Review how equity, debt, arbitrage and hedging decisions are coordinated across the full mandate, not as isolated manager sleeves.
05 Risk framework
Where the strategy can break
Read each risk as an operating condition to monitor. Hedging can change the shape of drawdowns, but it does not remove market, liquidity or execution risk.
02
Derivative and short risk
Futures and options can amplify gains and losses. Unhedged short exposure is capped by the SEBI SIF framework but still needs active risk control.
03
Liquidity and redemption risk
Many SIFs are interval strategies. Redemption windows, settlement time and underlying portfolio liquidity matter before allocating capital.
04
Mid and small-cap liquidity
Ex-top-100 and broader equity long-short mandates can face sharper price impact and wider bid-ask spreads during stress.
05
Manager execution risk
Security selection, timing, hedge sizing and short-book discipline drive outcomes more than in a passive or plain-vanilla fund.
Potential fit
investors reviewing a new SBI equity ex-top-100 SIF before NAV history is available
Investors comfortable with scheme-defined liquidity
Mismatch signals
Capital preservation or guaranteed return expectations
A need for daily redemption flexibility
A short holding period sensitive to exit load and NAV seasoning
An assumption that derivatives always reduce downside
Monitoring checklist
What should change your view
Daily NAV behavior through stressed markets
Portfolio sleeves versus the filed mandate
TER drift across Regular and Direct plans
Liquidity and hedge behavior across disclosures
06 Due diligence desk
Documents and operating terms
Read the governing documents alongside the costs, liquidity and settlement terms that affect the actual investor experience.
What to read
Official disclosure checklist
01
Scheme Information Document
Mandate, portfolio bands, risk factors, benchmark and operating terms.
02
Key Information Memorandum
Quick-reference investor disclosure and application information.
03
Statement of Additional Information
AMC, trustee, taxation, legal and investor-rights disclosures.
04
Monthly factsheet and portfolio disclosure
NAV, TER, allocation and portfolio updates when regular publications are available.
Investor terms
Cost and access snapshot
Allotment / inception
07 Aug 2026
TER regular
As per SID
Exit load
As per ISID
Redemption frequency
As per ISID
Settlement
As per ISID
Plans / options
Direct and Regular, Growth option
NFO opened
07 Aug 2026
NFO closes
20 Aug 2026
Treat the SID and latest factsheet as controlling sources whenever a website summary and official disclosure differ.
In context
Comparable Equity Ex-Top 100 SIFs in India
Compare this fund with nearby SIFs in the same category or mandate family before deciding allocation size.
FundFund houseMandateStatus
Fund
Magnum Equity Ex-Top 100 Long Short
Fund house
SBI Mutual Fund
Mandate
Equity ex top 100 long short
NFO
Fund
iSIF Ex-Top 100
Fund house
ICICI Prudential Mutual Fund
Mandate
Ex top 100
Live
Fund
qSIF Ex-Top 100
Fund house
Quant Mutual Fund
Mandate
Quantitative
Live
Fund
Altiva Equity Ex-Top 100 Long-Short
Fund house
Edelweiss Mutual Fund
Mandate
Multi strategy
Live
Fund
WSIF Ex-Top 100 Long-Short
Fund house
The Wealth Company MF Mutual Fund
Mandate
Ex top 100
Live
SIFPrime view
How we are thinking about Magnum Equity Ex-Top 100
- 01
Magnum Equity Ex-Top 100 should be reviewed through its mandate, fund house, portfolio bands, liquidity terms, TER and risk label before any order is placed.
- 02
Focused outside the top 100 listed companies with a long-short framework designed for selective mid and small-cap alpha.
- 03
Very High risk and As per ISID liquidity mean the investment should be matched to holding period, drawdown comfort and redemption needs.
Disclaimer. The information above is based on publicly available scheme documents, SIFPrime research notes and NAV data where available for Magnum Equity Ex-Top 100 Long Short Fund. SIFPrime is an AMFI-registered mutual fund distributor and does not provide investment advice. SIFs are subject to market risk; please read the SID/SAI carefully before investing.
Risk label: Very High. Investments in SIFs involve relatively higher risk including possible loss of capital, liquidity risk and market volatility.
Next research
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Investor questions
Frequently asked questions
When did the Magnum Equity Ex-Top 100 Long Short Fund NFO close?+-
The AMFI S-33 ISID states that the NFO ran from 7 August 2026 and closed on 20 August 2026.
What is the minimum investment?+-
The AMFI S-33 ISID states a minimum investment of ₹10 lakh and Re. 1 multiples thereafter.