Magnum SIF · SIF · SIF-15
Magnum Hybrid Long Short Fund - Direct Plan - Income Distribution Cum Capital Withdrawal
Hybrid · Hybrid Long-Short Fund · Interval Fund · Direct IDCW
ISIN (Payout): INF200K30056 ISIN (Reinvest): INF200K30064
Strategy facts
- Declared benchmark
- Nifty 50 Hybrid composite debt 50:50 Index
- Launched
- 01 Oct 2025
- Minimum investment
- ₹10 lakh
- Risk level (1 low, 5 high)
- Level 1 (was Level 2 at launch)
- Total expense ratio (as on 21 Oct 2026)
-
Regular: 1.53% (base 0.92 + brokerage 0.08 + transaction cost 0.03 + GST and levies 0.50)30-day average 1.54%Direct: 0.92% (base 0.40 + brokerage 0.08 + transaction cost 0.03 + GST and levies 0.41)30-day average 0.93%From the house's daily TER disclosure. Brokerage and transaction costs change every day, so the total moves.
- Custodian
- SBI-SG Global Securities Services Pvt. Ltd
- SEBI code
- MAGM/I/H/HLSF/25/09/0001/SBIM
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 to 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.
From AMFI's strategy details and the house's Scheme Summary Document, checked 16 Oct 2026. Strategy document (PDF) Summary document (PDF)
Returns (as of 2026-10-21)
1 Month
-2.06%
3 Months
-1.68%
6 Months
+1.12%
Since Inception
+2.80%
from 2025-10-29
CAGR (Inception)
—
< 1 yr history
Risk Indicators
Max Drawdown
-3.16%
Worst peak‑to‑trough fall since inception
Annualised Volatility
3.91%
How bumpy the daily NAV journey is
Based on 357 days of NAV history. Green < 5% MDD / < 12% vol · Amber 5-10% / 12-20% · Red > 10% / > 20%
Risk-adjusted ratios
Since inception, from 245 daily returns. Short histories make these noisy, so treat them as provisional.
Sharpe ratio
-0.79
Return per unit of total risk, above a 6% risk-free rate
Sortino ratio
-1.07
Same, but counting only the falls
Beta vs Hybrid 50:50 (proxy)
0.41
1.0 moves with the index; lower means more hedged
Down capture
39%
Share of the index's falls it took on down days (lower is better)
Up capture
50%
Share of the index's gains it kept on up days
Worst month
-2.33%
Sep 2026
Best month
2.33%
Apr 2026
Positive months
8 of 12
Completed calendar months that gained
Drawdown recovery
Not yet
0 days since the worst low
Below its high
-3.16%
How far today's NAV is under the highest NAV so far
Beta and capture use the hybrid 50:50 proxy described under the growth chart, matched on 240 common trading days.
Portfolio · as on 30 Sep 2026
House's portfolio fileStrategy assets
₹3,982 cr
Net assets in the portfolio file
Equity held
66.1%
36 stocks, top 10 = 27.9%
Futures, net
+0.0%
Short 0.0% · long +0.0%
Net equity exposure
66.1%
Equity held plus futures
How the book is built
Collar: puts bought and calls sold on the same stocks, about 64% of NAV; 26% in debt and money market.
Each future and option is matched to the stock it is written on, and coverage is measured by contracts against shares held: the file shows options at their premium, which would make a collar over half the book look like well under 1% of it.
Asset mix, % of net assets
- Equity held +66.1%
- Debt +18.9%
- Money market +7.0%
- REITs & InvITs +4.7%
- Cash & TREPS +3.8%
- Net receivables -0.7%
- Options +0.2%
Blue bars add to the portfolio, orange bars are short or negative positions.
Top 10 stocks held
| 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% |
| 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% |
| Sun Pharmaceutical Industries Ltd.Pharmaceuticals & Biotechnology | 2.21% |
Largest short positions (33 in total)
| Axis Bank Ltd. (CALL Option)Options | -0.04% |
| Indus Towers Ltd. (CALL Option)Options | -0.04% |
| Kotak Mahindra Bank Ltd. (CALL Option)Options | -0.04% |
| Bank of Baroda (CALL Option)Options | -0.03% |
| HDFC Bank Ltd. (CALL Option)Options | -0.03% |
| Infosys Ltd. (CALL Option)Options | -0.03% |
| Hindustan Zinc Ltd. (CALL Option)Options | -0.02% |
| BSE Ltd. (CALL Option)Options | -0.02% |
| ICICI Bank Ltd. (CALL Option)Options | -0.02% |
| Adani Ports and Special Economic Zone Ltd. (CALL Option)Options | -0.02% |
Stocks held, by industry
Net assets by portfolio date: Sep 2026 ₹3,982 cr · Aug 2026 ₹4,001 cr · Jul 2026 ₹3,800 cr · Jun 2026 ₹3,647 cr · May 2026 ₹3,454 cr · Apr 2026 ₹3,462 cr · Mar 2026 ₹3,391 cr · Feb 2026 ₹3,315 cr · Jan 2026 ₹2,855 cr · Dec 2025 ₹2,119 cr · Nov 2025 ₹1,505 cr · Oct 2025 ₹1,128 cr
From the house's own portfolio statement; SIFs must publish one at least every alternate month-end. Futures are counted at full contract value, so net equity exposure is equity held plus futures. Options are shown at their premium value, not their market exposure, so they are left out of that figure.
Growth of ₹100 since inception
2025-10-29 → 2026-10-21
| Since inception | Return | Max drawdown |
|---|
All rebased to ₹100 at the SIF's inception. SIFs are long-short (hedged) and aim for a smaller max drawdown rather than out-running a fully-invested fund/index in a rising market, so weigh the drawdown column alongside return.
This strategy's declared benchmark is Nifty 50 Hybrid composite debt 50:50 Index, which we don't hold as a daily series. The benchmark line is a Lens-computed stand-in for the CRISIL Hybrid 50+50 Moderate Index: 50% Nifty 200 and 50% Nifty Composite G-Sec, rebalanced daily. CRISIL's own index uses the BSE 200 and its Composite Bond index, whose daily values aren't public. The equity half is a price index, so it leaves out dividends and slightly flatters the strategy.
Fund house's own money in this strategy
| Quarter | Valued on | ₹ crore |
|---|---|---|
| Apr-Jun 2026 | 30 Jun 2026 | 2.47 |
| Jan-Mar 2026 | 31 Mar 2026 | 2.11 |
| Oct-Dec 2025 | 31 Dec 2025 | 1.54 |
What the fund house itself has invested in this strategy, as filed with AMFI each quarter. This is the house's own stake, not the size of the strategy (AUM). AMFI does not publish AUM for individual SIF strategies.
Monthly returns · since inception (Oct 2025)
How each calendar month went: green months gained, red months lost. Deeper colour = bigger move.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.8 | +0.8 | -2.2 | +2.3 | +0.7 | +1.4 | +0.9 | +0.9 | -2.3 | -0.6 | · | · | +0.9 |
| 2025 | · | · | · | · | · | · | · | · | · | · | +1.2 | +1.0 | +2.2 |
| Avg | -0.8 | +0.8 | -2.2 | +2.3 | +0.7 | +1.4 | +0.9 | +0.9 | -2.3 | · | +1.2 | +1.0 | · |
All values in %. Each cell compares the last NAV of the month with the last NAV of the month before. The latest month is month-to-date; the Year column compounds the months shown on that row.
Other plans: Magnum SIF · Hybrid Long-Short Fund
Minimum investment ₹10 lakh. SIF data from AMFI. Not investment advice. Verify all information with the fund house before investing.