Specialised Investment Funds (SIFs) are a SEBI-regulated category of mutual funds. They offer fund managers greater flexibility than traditional mutual funds, including the ability to run more concentrated and strategy-driven portfolios across equity, debt, or hybrid strategies. Know more
Purchase rules
Investment amount should be ₹10 lakh per investor across all SIF schemes of an AMC
Redemption rules
Redemption terms depend on the specific SIF strategy and may include restricted redemption for certain intervals
Return calculator
Monthly investment
₹5,000
Over the past
Total investment
Would've become
Historic returns
Returns
Minimum investments
Min. for 1st investment
₹10,00,000
Min. for 2nd investment
₹10,000
Min. for SIP
₹10,000
Understand terms
Annualised returns
Average of the yearly returns of a mutual fund over a given period.
Absolute returns
The total return of a mutual fund over a given period.
Returns and rankings
Annualised returns
Absolute returns
Name
3M
3M
6M
All
Fund returns
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Category average (Hybrid Hybrid Long-Short Fund)
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Rank (Hybrid Hybrid Long-Short Fund)
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Understand terms
Expense ratio
A fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company's fund assets used for administrative, management, advertising, and other expenses.
Tax
A percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit load
A fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp duty
A form of tax payable for the purchase or sale of an asset or security.
Exit load, stamp duty and tax
Exit load
0.50% upto 15 days, 0.25% 16 days to 30 days, No Exit Load after 30 days
Stamp duty on investment: 0.005% (from July 1st, 2020)
from July 1st 2020
Tax implication
If you redeem within two years, returns are taxed as per your Income Tax slab. If you redeem after two years, returns are taxed at 12.5%.
Fund management
GM
Gaurav Mehta
Oct 2025 - Present
View details
Education
Mr. Mehta has done PGBM, IIM Lucknow, B Tech., IIT Bombay, CFA Charter holder, CFA Institute, USA.
Experience
Prior to joining SBI Mutual Fund he has worked with Ambit Investment Advisor, Institutional equities at Ambit Capital & Edelweiss Capital.
About Magnum Hybrid Long Short Fund Direct Plan Growth
Magnum Hybrid Long Short Fund Direct Plan Growth is a Hybrid Mutual Fund Scheme launched by --. This scheme was made available to investors on 07 Mar 2026. Gaurav Mehta is the Current Fund Manager of Magnum Hybrid Long Short Fund Direct Plan Growth fund. The fund currently has an Asset Under Management(AUM) of NA Cr and the Latest NAV as of 06 Mar 2026 is ₹10.15.
The Magnum Hybrid Long Short Fund Direct Plan Growth is rated Very High risk. Minimum SIP Investment is set to ₹10,000. Minimum Lumpsum Investment is ₹10,00,000. 0.50% upto 15 days, 0.25% 16 days to 30 days, No Exit Load after 30 days
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Investment Objective
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.;
Fund benchmarkNIFTY 50 Hybrid Composite Debt 50:50 Index