MUTUAL FUNDS
SBI Mutual Fund files offer document for Magnum Equity Ex-Top 100 Long Short Fund
Jun-12-2026
SBI Mutual Fund has filed offer document with SEBI to launch an open-ended investment strategy named ‘Magnum Equity Ex-Top 100 Long Short Fund’. The New Fund Offer price for units would be Rs 10 during the NFO. Entry load will be nil. Exit load will be 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; and NIL -If units purchased or switched in from another Investment Strategy of the Fund are redeemed or switched out after 3 months from the date of allotment. The Scheme offers Growth option and Income Distribution cum Capital Withdrawal option for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance will be benchmarked against BSE 500 TRI. The minimum application amount during NFO will be Rs 10,000 and in multiples of Re 1 thereafter.

The investment objective of the scheme 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.

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