Home/ SIF Funds/ Sbi Magnum Hybrid Long-Short Fund
Hybrid Long-Short

Sbi Magnum Hybrid Long-Short Fund

by SBI Mutual Fund  |  Specialised Investment Fund  |  Min. ₹10 Lakh

Net Long ?Long book minus short book (% of NAV). The fund's actual unhedged market exposure after netting both sides.
100.0%
of NAV
Gross Exposure ?Long book + |Short book| in absolute terms. Values above 100% reflect leverage through derivatives.
102.4%
of NAV
Gross Short ?Absolute value of all short positions (% of NAV). Includes both hedged shorts (matched against a long holding) and naked shorts.
1.2%
Futures + Options
Naked Shorts ?Short positions with no matching long holding. Pure directional bets — unlike hedged shorts which simply offset a stock held long.
0%
all hedged
Positions
124
92 long + 32 short
Data As Of
Jul 2026
Updated monthly
Physical book at 100% — short book via derivatives only
Physical holdings (equity, debt, cash) sum to approximately 100% of NAV. The 1.2% gross short book is built entirely through futures or options. Net Long (100.0%) is the effective market exposure after netting the short derivatives against the physical book.

Portfolio Bifurcation — July 2026 (scroll right →)

EQUITY
+66.8%		DEBT
+19.1%		COMMODITY
0%		CASH & EQUIV
+14.0%		OPTIONS
+0.1%		FUTURES
0%
Equity
Long?Equity stocks held long (% of NAV)		Debt
Long?Bonds and fixed-income instruments held long		Commodity
Long?Physical commodity ETFs or commodity fund units (e.g. gold ETFs)		Money
Market?Money market instruments: T-Bills, CDs, Commercial Papers		TREPS /
Repo?Tri-party repos and CCIL settlement receivables — overnight/very short-term, near-cash		Cash
Margin?Cash deposited as margin collateral for derivatives positions — earns repo rate		MF
Units?Units of other mutual funds held in portfolio (excluding commodity ETFs)		InvIT /
REIT?Real Estate Investment Trusts and Infrastructure Investment Trusts		Net
Rec/(Pay)?Net Current Assets: receivables minus payables. Negative = net liability		Long?Options held long — buyer paid the premiumShort?Options written or sold short — shown as absolute value of obligationLong?Futures contracts held long at notional value (% of NAV)Hedged
Short?Short futures matched against a corresponding equity long — limits downside on a held stock		Naked
Short?Short futures with no matching long — directional bet on a stock or index falling
+66.75%+19.11%-+6.28%+3.85%--+3.17%+0.71%+1.32%-1.19%---
All positions sum to: 100.00% of NAV
Last updated: July 2026  |  Next update: August 2026
Portfolio Allocation
July 2026
Equity (Long)
66.75%
Debt (Long)
19.11%
Cash & Equivalents
14.01%
Futures (Long)
0.00%
Options (Long)
1.32%
Gross Short ?Absolute value of all short positions. Includes hedged + naked shorts.
-1.19%
Holdings
92 long  +  32 short
Company% NAVMkt ValueWeight
Kotak Mahindra Bank Ltd.
 3.53% ₹13,395L
ICICI Bank Ltd.
 3.31% ₹12,590L
HDFC Bank Ltd.
 3.06% ₹11,620L
Reliance Industries Ltd.
 3.02% ₹11,463L
Axis Bank Ltd.
 2.97% ₹11,281L
Maruti Suzuki India Ltd.
 2.63% ₹9,978L
Biocon Ltd.
 2.60% ₹9,866L
Sun Pharmaceutical Industries Ltd.
 2.54% ₹9,642L
HDFC Life Insurance Company Ltd.
 2.53% ₹9,623L
Adani Ports and Special Economic Zone Ltd.
 2.40% ₹9,122L
Mahindra & Mahindra Ltd.
 2.39% ₹9,067L
ITC Ltd.
 2.26% ₹8,592L
Indus Towers Ltd.
 2.22% ₹8,437L
Bajaj Finserv Ltd.
 2.20% ₹8,365L
Delhivery Ltd.
 2.07% ₹7,880L
State Bank of India
 1.98% ₹7,528L
Asian Paints Ltd.
 1.92% ₹7,287L
Adani Enterprises Ltd.
 1.91% ₹7,252L
Oil & Natural Gas Corporation Ltd.
 1.83% ₹6,968L
Eicher Motors Ltd.
 1.78% ₹6,752L
Infosys Ltd.
 1.74% ₹6,596L
Bank of Baroda
 1.65% ₹6,273L
Muthoot Finance Ltd.
 1.62% ₹6,160L
Eternal Ltd.
 1.59% ₹6,051L
Tata Power Company Ltd.
 1.56% ₹5,940L
InstrumentCoupon% NAVMkt Value
CGL 2028
 7.37% 2.16% ₹8,204L
TVS Motor Company Ltd.
 - 2.12% ₹8,064L
CGL 2028
 7.06% 1.34% ₹5,082L
National Bank for Agriculture and Rural Development
 - 1.32% ₹5,013L
Power Finance Corporation Ltd.
 - 1.32% ₹5,012L
Small Industries Development Bank of India
 - 1.31% ₹4,987L
Toyota Financial Services India Ltd.
 - 1.30% ₹4,930L
Bharti Telecom Ltd.
 - 1.30% ₹4,933L
REC Ltd.
 - 1.05% ₹4,006L
Small Industries Development Bank of India
 - 1.04% ₹3,939L
Small Industries Development Bank of India
 - 0.66% ₹2,502L
Aditya Birla Housing Finance Ltd.
 - 0.66% ₹2,507L
REC Ltd.
 - 0.66% ₹2,508L
Bharti Telecom Ltd.
 - 0.65% ₹2,459L
Mahindra Rural Housing Finance Ltd.
 - 0.65% ₹2,470L
Aditya Birla Capital Ltd.
 - 0.65% ₹2,475L
Bajaj Finance Ltd.
 - 0.65% ₹2,483L
CGL 2027
 7.38% 0.27% ₹1,014L
TREPS / Repo
Instrument% NAVMkt Value
TREPS
 +3.85% ₹14,636L
Money Market
Instrument% NAVMkt Value
364 DAY T-BILL 02.10.26
 +1.96% ₹7,433L
91 DAY T-BILL 17.09.26
 +1.70% ₹6,457L
Altius Telecom Infrastructure Trust
 +0.82% ₹3,122L
91 DAY T-BILL 06.08.26
 +0.66% ₹2,498L
91 DAY T-BILL 28.08.26
 +0.66% ₹2,490L
91 DAY T-BILL 08.10.26
 +0.65% ₹2,476L
91 DAY T-BILL 01.10.26
 +0.65% ₹2,478L
Cash Margin
Instrument% NAVMkt Value
Margin amount for Derivative positions
 +0.11% ₹400L
InvIT / REIT
Instrument% NAVMkt Value
Raajmarg Infra Investment Trust
 +2.73% ₹10,358L
Indus Infra Trust
 +0.44% ₹1,662L
Net Rec/(Pay)
Instrument% NAVMkt Value
Net Receivable / Payable
 -0.22% ₹853L
Estimated margin required: ~0.00% of NAV. Cash & equivalents stand at 14.0% — approximately N/Ax coverage. TREPS and money market instruments earn 6.5–7.5% p.a. — an active yield position, not idle margin reserve.
Long Options
InstrumentType% NAVMkt Value
Brookfield India Real Estate Trust
 - +0.90% ₹3,415L
Adani Ports and Special Economic Zone Ltd. (PUT Option)
 Put +0.06% ₹219L
Biocon Ltd. (PUT Option)
 Put +0.04% ₹147L
ITC Ltd. (PUT Option)
 Put +0.03% ₹118L
Infosys Ltd. (PUT Option)
 Put +0.02% ₹59.5L
Kotak Mahindra Bank Ltd. (PUT Option)
 Put +0.02% ₹60.1L
Oil & Natural Gas Corporation Ltd. (PUT Option)
 Put +0.02% ₹60.3L
Maruti Suzuki India Ltd. (PUT Option)
 Put +0.02% ₹60.9L
Multi Commodity Exchange of India Ltd. (PUT Option)
 Put +0.02% ₹62.4L
Avenue Supermarts Ltd. (PUT Option)
 Put +0.01% ₹48.6L
Muthoot Finance Ltd. (PUT Option)
 Put +0.01% ₹47.5L
Bank of Baroda (PUT Option)
 Put +0.01% ₹46.2L
State Bank of India (PUT Option)
 Put +0.01% ₹42.5L
HDFC Bank Ltd. (PUT Option)
 Put +0.01% ₹41.9L
Adani Enterprises Ltd. (PUT Option)
 Put +0.01% ₹41.7L
Sun Pharmaceutical Industries Ltd. (PUT Option)
 Put +0.01% ₹35.9L
Reliance Industries Ltd. (PUT Option)
 Put +0.01% ₹30.7L
One 97 Communications Ltd. (PUT Option)
 Put +0.01% ₹30.2L
Tata Power Company Ltd. (PUT Option)
 Put +0.01% ₹28.1L
Hindustan Zinc Ltd. (PUT Option)
 Put +0.01% ₹27.5L
Asian Paints Ltd. (PUT Option)
 Put +0.01% ₹26.9L
Eternal Ltd. (PUT Option)
 Put +0.01% ₹22.8L
Eicher Motors Ltd. (PUT Option)
 Put +0.01% ₹52.1L
ICICI Bank Ltd. (PUT Option)
 Put +0.01% ₹52.3L
HDFC Life Insurance Company Ltd. (PUT Option)
 Put +0.01% ₹52.6L
Delhivery Ltd. (PUT Option)
 Put +0.01% ₹52.8L
Indus Towers Ltd. (PUT Option)
 Put +0.01% ₹55.0L
Axis Bank Ltd. (PUT Option)
 Put +0.01% ₹55.6L
Short Options
InstrumentType% NAVMkt Value
Avenue Supermarts Ltd. (CALL Option)
 Call -0.01% ₹20.8L
Adani Ports and Special Economic Zone Ltd. (CALL Option)
 Call -0.01% ₹47.9L
Adani Enterprises Ltd. (CALL Option)
 Call -0.02% ₹71.8L
ITC Ltd. (CALL Option)
 Call -0.02% ₹62.7L
Cipla Ltd. (CALL Option)
 Call -0.02% ₹58.1L
Indus Towers Ltd. (CALL Option)
 Call -0.02% ₹74.4L
Larsen & Toubro Ltd. (CALL Option)
 Call -0.02% ₹77.3L
Tata Power Company Ltd. (CALL Option)
 Call -0.02% ₹71.8L
Multi Commodity Exchange of India Ltd. (CALL Option)
 Call -0.02% ₹90.5L
Axis Bank Ltd. (CALL Option)
 Call -0.02% ₹85.3L
ICICI Bank Ltd. (CALL Option)
 Call -0.02% ₹81.3L
Kotak Mahindra Bank Ltd. (CALL Option)
 Call -0.02% ₹80.7L
Bank of Baroda (CALL Option)
 Call -0.02% ₹78.0L
Eternal Ltd. (CALL Option)
 Call -0.03% ₹117L
Asian Paints Ltd. (CALL Option)
 Call -0.03% ₹112L
Eicher Motors Ltd. (CALL Option)
 Call -0.03% ₹109L
One 97 Communications Ltd. (CALL Option)
 Call -0.03% ₹106L
HDFC Life Insurance Company Ltd. (CALL Option)
 Call -0.03% ₹101L
Hindustan Zinc Ltd. (CALL Option)
 Call -0.03% ₹100L
Sun Pharmaceutical Industries Ltd. (CALL Option)
 Call -0.03% ₹122L
Biocon Ltd. (CALL Option)
 Call -0.03% ₹116L
Oil & Natural Gas Corporation Ltd. (CALL Option)
 Call -0.04% ₹138L
HDFC Bank Ltd. (CALL Option)
 Call -0.04% ₹146L
State Bank of India (CALL Option)
 Call -0.04% ₹143L
Reliance Industries Ltd. (CALL Option)
 Call -0.05% ₹176L
Bajaj Finserv Ltd. (CALL Option)
 Call -0.07% ₹273L
Muthoot Finance Ltd. (CALL Option)
 Call -0.07% ₹283L
Maruti Suzuki India Ltd. (CALL Option)
 Call -0.07% ₹268L
Delhivery Ltd. (CALL Option)
 Call -0.08% ₹313L
Mahindra & Mahindra Ltd. (CALL Option)
 Call -0.08% ₹290L
Infosys Ltd. (CALL Option)
 Call -0.08% ₹319L
Bajaj Finance Ltd. (CALL Option)
 Call -0.09% ₹346L

No futures positions

Portfolio Analysis
Updated July 2026
July 2026 — Monthly Update

Sbi Magnum Hybrid Long-Short Fund runs a fully hedged short book. All 32 short futures/options positions are paired with corresponding equity longs, resulting in minimal unhedged market exposure from the short side.

Net long exposure of 100.0% is driven by the equity book (66.8%), debt (19.1%), and cash & equivalents (14.0%). The equity + futures combination contributes alpha through relative performance, independent of broad market direction.

March 2026 — Initial Coverage

Tequity initiated coverage of Sbi Magnum Hybrid Long-Short Fund with the March 2026 portfolio disclosure. Updated monthly as SBI Mutual Fund publishes new disclosures on the AMFI portal.

Data sourced directly from AMFI monthly portfolio disclosure. All figures as a percentage of Net Asset Value.

Portfolio History
Updated monthly
July 2026

Net long: 100.00%. Gross exposure: 102.38%. Equity: 66.75%, Debt: 19.11%, Cash & Equiv: 14.01%, Options Short: 1.19%, Futures Short: 0.00%. Naked futures short: 0% (fully hedged). Total positions: 124.

June 2026

Net long: 99.89%. Gross exposure: 101.51%. Equity: 66.67%, Debt: 20.63%, Cash & Equiv: 11.79%, Options Short: 0.81%, Futures Short: 0.00%. Naked futures short: 0% (fully hedged). Total positions: 120.

May 2026

Net long: 100.00%. Gross exposure: 101.50%. Equity: 66.15%, Debt: 22.76%, Cash & Equiv: 10.15%, Options Short: 0.75%, Futures Short: 0.00%. Naked futures short: 0% (fully hedged). Total positions: 103.

April 2026

Net long: 100.00%. Gross exposure: 101.84%. Equity: 67.00%, Debt: 22.75%, Cash & Equiv: 9.79%, Options Short: 0.92%, Futures Short: 0.00%. Naked futures short: 0% (fully hedged). Total positions: 84.

March 2026

Net long: 100.00%. Gross exposure: 102.76%. Equity: 69.50%, Debt: 24.73%, Cash & Equiv: 4.56%, Options Short: 1.38%, Futures Short: 0.00%. Naked futures short: 0% (fully hedged). Total positions: 116.

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Fund Details
AMCSBI Mutual Fund
CategoryHybrid Long-Short
Fund TypeSIF (SEBI Regulated)
Min. Investment₹10 Lakh
NAV DisclosureDaily
Portfolio DisclosureMonthly (AMFI)
Exposure Metrics
Net Long ?Long book minus short book (% of NAV). Actual unhedged market exposure.100.0%
Gross Short ?Absolute value of all short positions. Includes hedged + naked shorts.1.2%
Naked Short ?Shorts with no matching long. Pure directional bets against specific stocks.0%
Gross Exposure ?Long book + |Short book|. Values above 100% indicate derivative leverage.102.4%
Disclaimer: All data sourced from AMFI monthly portfolio disclosures (July 2026). Tequity Investing is an AMFI-registered Mutual Fund Distributor (ARN-245270). This is not investment advice. Specialised Investment Funds carry higher risk and are suitable only for sophisticated investors with a minimum investment of ₹10 lakh. Please consult a SEBI-registered financial planner before investing. Past performance is not indicative of future results.

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