Magnum SIF · SIF · SIF-160
Magnum Equity Ex-Top 100 Long Short Fund - Direct Plan - IDCW
Equity Oriented · Equity Ex-Top 100 Long-Short Fund · Open Ended Scheme · Direct IDCW
ISIN (Payout): INF200K30114 ISIN (Reinvest): INF200K30122
Strategy facts
- Declared benchmark
- BSE 500 TRI
- Launched
- 07 Aug 2026
- Minimum investment
- ₹10 lakh
- Risk level (1 low, 5 high)
- Level 5 (was Level 3 at launch)
- Total expense ratio (as on 21 Oct 2026)
-
Regular: 3.71% (base 1.77 + brokerage 0.33 + transaction cost 0.05 + GST and levies 1.56)30-day average 4.24%Direct: 2.43% (base 0.67 + brokerage 0.33 + transaction cost 0.05 + GST and levies 1.38)30-day average 2.96%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/O/E/EELS/26/06/0002/SBIM
Investment objective
The investment objective of the strategy is to generate long-term capital appreciation by investing primarily in equity and equity-related instruments of stocks outside the top 100 by market capitalization, while utilizing limited short exposure through derivatives to enhance returns and/or manage risk. 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
-3.51%
3 Months
—
6 Months
—
Since Inception
-4.18%
from 2026-09-02
CAGR (Inception)
—
< 1 yr history
Risk Indicators
Max Drawdown
-4.62%
Worst peak‑to‑trough fall since inception
Annualised Volatility
13.55%
How bumpy the daily NAV journey is
Based on 49 days of NAV history. Green < 5% MDD / < 12% vol · Amber 5-10% / 12-20% · Red > 10% / > 20%
Risk-adjusted ratios
Since inception, from 32 daily returns. Short histories make these noisy, so treat them as provisional.
Sharpe ratio
n/a
Needs at least 60 daily returns
Sortino ratio
n/a
Same, but counting only the falls
Beta vs Nifty 50
n/a
Needs at least 60 matched days
Down capture
n/a
Share of the index's falls it took on down days (lower is better)
Up capture
n/a
Share of the index's gains it kept on up days
Worst month
-1.42%
Sep 2026
Best month
-1.42%
Sep 2026
Positive months
0 of 1
Completed calendar months that gained
Drawdown recovery
Not yet
0 days since the worst low
Below its high
-4.62%
How far today's NAV is under the highest NAV so far
Beta and capture use the Nifty 50 price index, matched on 32 common trading days. Nifty 50 is a reference here, not this strategy's declared benchmark.
Growth of ₹100 since inception
2026-09-02 → 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 BSE 500 TRI. We don't hold a daily series for it, so Nifty 50 is shown as a reference.
Monthly returns · since inception (Sep 2026)
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 | · | · | · | · | · | · | · | · | · | -2.8 | · | · | -2.8 |
| Avg | · | · | · | · | · | · | · | · | · | · | · | · | · |
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 · Equity Ex-Top 100 Long-Short Fund
Minimum investment ₹10 lakh. SIF data from AMFI. Not investment advice. Verify all information with the fund house before investing.