SBI Magnum Equity Fund NFO Raises ₹1,154 Cr: India’s Largest SIF

SBI Mutual Fund’s Magnum Equity Ex-Top 100 Long Short Fund New Fund Offer (NFO) successfully raised ₹1,154 crore, marking India’s largest collection for an equity-oriented Specialized Investment Fund (SIF).

The NFO demonstrated strong investor interest in innovative equity strategies, focusing on segments beyond the top 100 companies.

Key NFO Details

• Total Funds Raised: ₹1,154 crore
• NFO Period: August 7 to 20, 2026
• Market Focus: Mid- and small-cap stocks, avoiding India’s top 100 companies
• Distinction: India’s largest collection for an equity-oriented SIF

This fund employs a long-short strategy, utilizing derivatives to hedge investments and actively manage market fluctuations. Its design specifically targets mid- and small-cap stocks, offering a distinct approach from traditional large-cap focused funds.

The Magnum Equity Ex-Top 100 Long Short Fund provides greater flexibility compared to conventional mutual funds or pricier alternatives like Portfolio Management Services (PMS) and Alternative Investment Funds (AIFs). However, it is crucial for investors to note that returns from this fund are not guaranteed.

Future Strategy and Investor Response

Debasish Mishra, MD & CEO of SBI Mutual Fund, stated that the robust investor response indicates a growing appetite for diverse risk strategies. The fund house plans to launch additional offerings under the Magnum SIF brand in the future.

This successful NFO underscores a shift towards more specialized and actively managed funds designed to navigate varied market conditions.