Now Reading: SBI Mutual Fund launches Ex-Top 100 Long Short Fund NFO
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SBI Mutual Fund launches Ex-Top 100 Long Short Fund NFO
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…
The Story in Brief
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.
The Indian Opinion
The investment narrative around new fund offers often peddles the idea that more regulation and higher entry barriers shut out the retail investor. Here, SEBI mandates a Rs 10 lakh minimum, locking out the small saver. Yet SBI MF is simply following a rule meant for riskier strategies. The real test is not the entry ticket but whether this ex-top 100 long-short approach delivers returns that justify locking out the common man. Will the first quarterly portfolio disclosure tell us who got left behind?
Sources (2): bazaar.businesstoday.in, bazaar.businesstoday.in (2)
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
