Magnum SIF

Magnum Hybrid Long Short Fund - Regular Plan - Growth

AMFI scheme code SIF-13 · ISIN INF200K30015

A mandate that holds both equity and debt, with limited short exposure through derivatives on either leg. The debt allocation is what separates it from an equity long-short strategy — it is meant to steady returns across the cycle rather than to maximise them in a rising market. Short exposure is capped by SEBI at 25% of net assets.

Minimum investment

₹10,00,000

Expense ratio

1.51%Total TER, Regular plan, 11 Nov 2026

Exit load

0.50% if redeemed on or before 15 days from date of allotment; 0.25% if redeemed after 15 days but on or before 1 month; Nil after 1 month. No exit load on switching between Plans within the Investment Strategy or on units issued on IDCW re-investment.

Risk band

Band 1

Benchmark

NIFTY 50 Hybrid Composite Debt 50:50 Index TRI

Redemption

Two times a week (Monday & Thursday), or any lesser frequency as decided by the AMC

Taxation

Equity-oriented SIF treatment: LTCG (held over 12 months) 12.50% on gains exceeding Rs 1,25,000 per year, without indexation; STCG (held up to 12 months) 20%. IDCW income taxable in unitholder's hands at normal slab rates (20% for non-residents), TDS 10% on distributions above Rs 10,000. STT 0.001% on redemption of units. Fund/SIF income itself exempt u/s 10(23D).

Dividend

Growth Option and Income Distribution cum Capital Withdrawal (IDCW) Option available under both Regular and Direct plans; IDCW offers Payout and Re-investment facilities (default option is Growth; within IDCW the default is Re-investment). IDCW amounts up to Rs 150 are compulsorily reinvested. IDCW dispatched within 7 working days from record date.

Magnum Equity Ex-Top 100 Long Short Fund - Regular Plan - Growth

AMFI scheme code SIF-157 · ISIN INF200K30072

The same long-short approach applied outside the 100 largest listed companies by market capitalisation. Excluding the top 100 puts the mandate in mid- and small-cap territory, where coverage is thinner and mispricing more common — which is the case for the strategy, and equally the reason its drawdowns can be sharper. Short exposure is capped by SEBI at 25% of net assets.

Minimum investment

₹10,00,000

Expense ratio

3.08%Total TER, Regular plan, 11 Nov 2026 · base expense cap 2.10%

Exit load

1% of the applicable NAV if units purchased or switched in from another Investment Strategy of the Fund are redeemed or switched out on or before 3 months from the date of allotment; NIL if redeemed or switched out after 3 months from the date of allotment.

Risk band

Band 5

Benchmark

BSE 500 TRI

Redemption

Daily. Investors can redeem their units under the Investment Strategy on a daily basis; the Trustees reserve the right to change the redemption frequency. Valid applications received up to 3.00 pm on a business day get that day's closing NAV; after 3.00 pm, the next business day's closing NAV.

Taxation

Tax on IDCW: taxable at normal tax rates applicable to the investor for residents and 20% for non-residents (plus surcharge and 4% cess); Nil for the Mutual Fund/SIF. TDS 10% for residents on income distributed above Rs 10,000. Capital gains: long-term (held more than 12 months) 12.50% on gains exceeding Rs 1,25,000 in a year without indexation; short-term (held up to 12 months) 20%. STT 0.001% on redemption of units of an equity-oriented SIF. Full details deferred to the SAI.

Dividend

Growth Option and Income Distribution cum Capital Withdrawal (IDCW) Option under both Regular and Direct plans, with IDCW Re-investment and IDCW Pay-out facilities; default between Growth and IDCW is Growth, and within IDCW the default is IDCW Reinvestment. IDCW amounts up to Rs 150 are compulsorily reinvested. IDCW dispatched within 7 working days from the record date.