In times of global slowdowns, policy changes, or market swings,

you need a fund that adapts. Magnum Hybrid Long Short Fund

offers the flexibility, discipline, and professional expertise to

help you stay invested with confidence.

What makes SIF
Different?

Specialized Investment Fund (SIF) is a new SEBI-introduced investment framework, bridging the gap between mutual funds and portfolio management services (PMS). This fund category offers regulatory transparency, professional management, and a flexible structure, allowing strategic asset allocation across equity, debt, and alternative instruments, while retaining the post-tax returns of equity mutual funds

sif_diff
bridge_gapBridges the Gap

Combines strengths of Mutual Funds and Portfolio Management Services (PMS) in a flexible, regulated investment structure.

taxTax Efficiency

Enjoys equity taxation like Mutual Funds for better post-tax return potential.

acc_entryAccessible Entry

Minimum investment of ₹10 lakhs, lower than typical PMS entries.

Presenting the Magnum Hybrid Long
Short Fund

Magnum Long Short Hybrid Fund aims to thoughtfully allocate investments across multiple asset classes and instruments - such as equity, fixed income, derivatives and REITs/InvITs to seamlessly navigate market cycles. The strategy seeks to deliver potential growth and lower volatility, achieving optimal risk-adjusted returns and staying ahead not just by managing risk, but by turning it into opportunity.

Key Features:

  • 1.

    Multi Asset Investment

    Invests across multiple asset classes and instruments: equities, fixed income, derivatives, and REITs/InvITs

  • 2.

    Optimized for all market cycles

    Aims to deliver risk-adjusted returns and capture opportunities across market cycles

  • 3.

    Aims to contain volatility

    Uses multiple strategies within each asset class to manage volatility

  • 4.

    Tax Efficiency

    Structured to help investors benefit from equity taxation

  • 5.

    Balanced Approach

    Equity for potential growth and Debt for relative stability

  • 6.

    Smart Risk Management

    Uses derivative strategies like collars and arbitrage for risk management and generate extra income.

  • 7.

    Diversification Edge

    Access to REITs, InvITs, and tactical short positions beyond traditional equity and debt.

  • 8.

    Regulated Structure

    SIFs are regulated under SEBI (Mutual Funds) Regulations , 1996

How SIF is Taxed

Equity StrategiesDebt Strategies
Short Term
Capital Gain		20% tax levied on gains on the investment held for upto 12 months/ 1 year + surcharge + cess and without indexation benefits. Irrespective of holding period taxed at marginal tax rate + surcharge + cess and without indexation benefits.
Long Term
Capital Gain		12.5% tax levied on gains on the investment held for more than 12 months/ 1 year + surcharge + cess and without indexation benefits. Irrespective of holding period taxed at marginal tax rate + surcharge and without indexation benefits.
Magnum Hybrid Long Short Fund

As the equity exposure is above 65%
--Follows Equity Mutual Fund taxation

  • 20% tax levied on gains on the investment held for upto 12 months/ 1 year + surcharge + cess and without indexation benefits.

As the equity exposure is above 65%
--Follows Equity Mutual Fund taxation

  • 12.5% tax levied on gains on the investment held for more than 12 months/ 1 year + surcharge + cess and without indexation benefits.
  • Also exempt - Rs.1.25 lakh p.a.
Short Term
Capital Gain
Long Term
Capital Gain
Magnum Hybrid Long Short Fund

As the equity exposure is above 65%
--Follows Equity Mutual Fund taxation

  • 20% tax levied on gains on the investment held for upto 12 months/ 1 year + surcharge + cess and without indexation benefits.

As the equity exposure is above 65%
--Follows Equity Mutual Fund taxation

  • 12.5% tax levied on gains on the investment held for more than 12 months/ 1 year + surcharge + cess and without indexation benefits.
  • Also exempt - Rs.1.25 lakh p.a.
Equity StrategiesDebt Strategies
Short Term
Capital Gain		20% tax levied on gains on the investment held for upto 12 months/ 1 year + surcharge + cess and without indexation benefits. Irrespective of holding period taxed at marginal tax rate + surcharge + cess and without indexation benefits.
Long Term
Capital Gain		12.5% tax levied on gains on the investment held for more than 12 months/ 1 year + surcharge + cess and without indexation benefits. Irrespective of holding period taxed at marginal tax rate + surcharge and without indexation benefits.

How would the fund Allocate its Assets

  • 0% to 10%
  • 25% to 35%
  • 0% to 25%
  • 50% to 75%
  • 65% to 75%
pyramid

For detailed asset allocation, investors are requested to refer to the Investment Strategy Information Document (ISID) of the Fund.

How SIFs Stack Up Against
Other Investment Avenues

SIFMFPMSAIF
Target InvestorsInvestors Seeking advanced yet tax-efficient strategiesFirst time to long-term investorsHNIs desiring personalized portfolio managementUltra-HNIs & Institutions exploring non-traditional assets
Minimum Investment₹10 Lakh (Across SIF Strategies) ₹5000 (Lumpsum)₹50 Lakh₹1 Crore
Structure Hybrid between MF & PMS?AIF, retains MF-like taxationPooled, SEBI-regulated investment vehicleSeparately managed, direct stock ownershipPooled, privately placed schemes
Taxation at Investor Level Similar to Mutual Funds (depending on asset class)
  • Equity – LTCG at 12.5%
    (after 12 months)
  • Debt – Marginal Tax Rate
  • Others – LTCG at 12.5%
    (after 24 months)
Tax-efficient with indexation & capital gain benefits
  • Equity – LTCG at 12.5%
    (after 12 months)
  • Debt – Marginal Tax Rate
  • Others – LTCG at 12.5%
    (after 24 months)
Based on individual security treatment Pass-through taxation depending on category
Taxation at Fund LevelNil as per Section 10 (23D)Nil as per Section 10 (23D)NilCat III - Capital gains @12.5% + Business Income @MMR
Expense Ratio Max at 2.25% and 2%Max at 2.25% and 2%Management Fee + Performance FeeManagement Fee + Performance Fee
LeverageNANANAAllowed - Gross exposure upto 200%
DerivativesNaked shorts upto 25% + HedgingOnly for HedgingOnly for HedgingAllowed

*As per current Income Tax Laws. Please consult your investment / tax adviser before making any investment decision.

Fund Details

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 generate long-term capital appreciation through unhedged exposure to equity and equity related instruments. There is no assurance that the investment objective of the Investment strategy will be achieved.

AttributesDescription
BenchmarkNIFTY 50 Hybrid Composite Debt 50:50 Index TRI
Redemption FrequencyTwice In A Week (Monday And Thursday)
Plan & OptionsRegular & Direct Plan; Both Plan Provide Two Options - Growth Option And Income Distribution Cum Capital Withdrawal (IDCW) Option
Exit Load
  • arrow_gold0.50% : If Redeemed On Or Before 15 Days
  • arrow_gold0.25% : If Redeemed After 15 Days But On Or Before 1 Month
  • arrow_goldNo Exit Load After 1 Month
Minimum Application AmountRs. 10 lakh
Redemption Notice PeriodNIL
Exchange ListingTo Be Listed On National Stock Exchange & BSE Limited

Download SIF Resources

SID - Magnum Hybrid Long Short Fund

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KIM - Magnum Hybrid Long Short Fund

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Frequently Asked Questions

A Specialized Investment Fund (SIF) is a newly introduced investment category governed by SEBI under the Mutual Fund Regulations, 1996. SIFs are designed to offer greater investment strategy flexibility compared to conventional mutual funds, while still operating under regulatory oversight. The framework will be effective from April 1, 2025

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This is the third item’s accordion body. It is hidden by default, until the collapse plugin adds the appropriate classes that we use to style each element. These classes control the overall appearance, as well as the showing and hiding via CSS transitions. You can modify any of this with custom CSS or overriding our default variables. It’s also worth noting that just about any HTML can go within the .accordion-body, though the transition does limit overflow.

This is the third item’s accordion body. It is hidden by default, until the collapse plugin adds the appropriate classes that we use to style each element. These classes control the overall appearance, as well as the showing and hiding via CSS transitions. You can modify any of this with custom CSS or overriding our default variables. It’s also worth noting that just about any HTML can go within the .accordion-body, though the transition does limit overflow.

This is the third item’s accordion body. It is hidden by default, until the collapse plugin adds the appropriate classes that we use to style each element. These classes control the overall appearance, as well as the showing and hiding via CSS transitions. You can modify any of this with custom CSS or overriding our default variables. It’s also worth noting that just about any HTML can go within the .accordion-body, though the transition does limit overflow.

This product is suitable for investors who are seeking*:

  • Long term Capital appreciation
  • An Interval investment strategy investing predominantly in equity and debt securities, including limited short exposure in equity and debt through derivatives.
risk_band
benchmark

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

The above product labelling assigned during the New Fund Offer (NFO) is based on internal assessment of the characteristics of the investment strategy or model portfolio and the same may vary post NFO when the actual investments are made.

© Copyright 2025 SBI MUTUAL FUND

Investments in Specialized Investment Fund involves relatively higher risk including potential loss of capital, liquidity risk and market volatility. Please read all investment strategy related documents carefully before making the investment decision.

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