# SBI Mutual Fund launches Ex-Top 100 Long Short Fund NFO 2026-08-07T15:35:48+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet SBI Mutual Fund opened its second Specialized Investment Fund (SIF) subscription today, August 7, 2026. The SBI Magnum Equity Ex-Top 100 Long Short Fund will invest in companies outside the top 100 by market capitalisation and take limited short positions through derivatives to manage volatility. The benchmark for this strategy is the BSE 500 TRI. The NFO will remain open until August 20, 2026. New investors must invest a minimum of Rs 10 lakh to match SEBI's SIF eligibility norms. Existing Magnum SIF investors can put in a minimum of Rs 1 lakh per application, but total investment across all Magnum SIF strategies must be at least Rs 10 lakh at the PAN level. Gaurav Mehta, CFA and head of SIF Equity, will manage the fund. SBI Mutual Fund is India's largest asset manager, with an average AUM of over Rs 12.57 lakh crore in the April-June 2026 quarter. ## Coverage - bazaar.businesstoday.in - bazaar.businesstoday.in Tags: equity fund, long-short fund, mutual funds, NFO, SBI Mutual Fund, SIF Canonical: https://indianopinion.org/sbi-mutual-fund-opens-new-equity-fund-for-investors/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/sbi-mutual-fund-opens-new-equity-fund-for-investors/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.