iSIF Hybrid Long-Short Fund vs Magnum Hybrid Long-Short Fund
iSIF Hybrid Long-Short Fund from ICICI Prudential Mutual Fund and Magnum Hybrid Long-Short Fund from SBI Mutual Fund, compared on NAV, returns, size, costs and portfolio — every figure from AMFI's NAV feed or the AMC's own factsheet.
How the two funds differ
NAV data as of 13 Nov 2026
- Magnum Hybrid Long-Short Fund is the larger fund, with ₹3,980 Cr in disclosed assets against ₹1,667 Cr for iSIF Hybrid Long-Short Fund — about 2.4 times the size.
- Magnum Hybrid Long-Short Fund launched first, on 20 Oct 2025; iSIF Hybrid Long-Short Fund followed on 04 Feb 2026, about 4 months later. Since-inception returns therefore cover different periods and are not directly comparable.
- Over the past six months, iSIF Hybrid Long-Short Fund returned +11.00% and Magnum Hybrid Long-Short Fund returned +2.40% (Direct plan).
- Magnum Hybrid Long-Short Fund has the lower Direct-plan expense ratio, 0.40% against 0.65% for iSIF Hybrid Long-Short Fund.
- They use different benchmarks: iSIF Hybrid Long-Short Fund is measured against CRISIL Hybrid 50+50 Moderate Index, Magnum Hybrid Long-Short Fund against NIFTY 50 Hybrid Composite Debt 50:50 Index.
Side by side
Switch between Direct and Regular plans in the header, or pick two dates to compare returns over the same period. A dash means the AMC has not disclosed that figure yet.
| iSIF Hybrid Long-Short Fund ICICI Prudential Mutual Fund | Magnum Hybrid Long-Short Fund SBI Mutual Fund | |
|---|---|---|
| Category | Hybrid Long-Short | Hybrid Long-Short |
| Status | Active | Active |
| Direct NAV | 10.9136 | 10.5407 |
| 1M Return | +5.14% | +1.94% |
| 1Y Return | — | +5.00% |
| Since Inception | +8.94% | +5.03% |
| AUM | ₹1,667 Cr | ₹3,980 Cr |
| Minimum Investment | ₹10,00,000 | ₹10,00,000 |
| Expense Ratio | 0.65% | 0.40% |
| Exit Load | 1% of applicable NAV if redeemed or switched out within 1 month from allotment; NIL thereafter | 0.50% if redeemed on or before 15 days from allotment; 0.25% if redeemed after 15 days but on or before 1 month; nil thereafter |
| Benchmark | CRISIL Hybrid 50+50 Moderate Index | NIFTY 50 Hybrid Composite Debt 50:50 Index |
| Risk-o-meter | Band 5 of 5 (Higher Risk) | Band 1 of 5 (Lower Risk) |
| Launch Date | 04 Feb 2026 | 20 Oct 2025 |
| Fund Managers | Rajat Chandak, Ayush Shah, Manish Banthia, Akhil Kakkar | Gaurav Mehta |
Open the full page for iSIF Hybrid Long-Short Fund or Magnum Hybrid Long-Short Fund for NAV history, holdings and the AMC factsheet, or add a third fund to this comparison.
Holdings in common
5 positions appear in the disclosed top holdings of both funds. This compares only the top holdings each AMC publishes (iSIF Hybrid Long-Short Fund: 31 Oct 2026; Magnum Hybrid Long-Short Fund: 30 Sept 2026), not the complete portfolios, so the real overlap may be higher.
| Holding | Sector | ICICI Pru MF weight | SBI MF weight |
|---|---|---|---|
| Others Equity Total (remaining long positions) | — | 43.63% | 47.54% |
| Treasury Bills | Sovereign | 2.21% | 6.99% |
| HDFC Bank Ltd. | Banks | 2.60% | 3.75% |
| ICICI Bank Ltd. | Banks | 2.64% | 2.91% |
| Axis Bank Ltd. | Banks | 2.34% | 2.83% |
iSIF Hybrid Long-Short Fund vs Magnum Hybrid Long-Short Fund: common questions
What is the difference between iSIF Hybrid Long-Short Fund and Magnum Hybrid Long-Short Fund?
Both are Hybrid Long-Short Specialized Investment Funds (SIFs), so they follow the same SEBI strategy category. iSIF Hybrid Long-Short Fund is run by ICICI Prudential Mutual Fund and Magnum Hybrid Long-Short Fund by SBI Mutual Fund; they differ in size, launch date, costs, portfolio and fund managers, all shown in the table on this page.
What is the latest NAV of iSIF Hybrid Long-Short Fund and Magnum Hybrid Long-Short Fund?
The latest Direct-plan NAV of iSIF Hybrid Long-Short Fund is ₹10.9136 (13 Nov 2026), and of Magnum Hybrid Long-Short Fund is ₹10.5407 (13 Nov 2026). A higher NAV does not mean a better fund — it mainly reflects how long the scheme has been running.
Which is bigger, iSIF Hybrid Long-Short Fund or Magnum Hybrid Long-Short Fund?
Magnum Hybrid Long-Short Fund is larger by disclosed assets under management, at ₹3,980 Cr, compared with ₹1,667 Cr for iSIF Hybrid Long-Short Fund. Figures are the latest each AMC has disclosed.
Which has the lower expense ratio, iSIF Hybrid Long-Short Fund or Magnum Hybrid Long-Short Fund?
iSIF Hybrid Long-Short Fund has a Direct-plan expense ratio of 0.65% and Magnum Hybrid Long-Short Fund of 0.40%, as stated in each AMC's factsheet. Regular plans cost more than Direct plans.
What is the minimum investment in iSIF Hybrid Long-Short Fund and Magnum Hybrid Long-Short Fund?
Both require a minimum investment of ₹10,00,000. SEBI sets a ₹10 lakh minimum across all SIF strategies of an AMC for non-accredited investors.
Which is better, iSIF Hybrid Long-Short Fund or Magnum Hybrid Long-Short Fund?
SIF India does not rank one above the other or give investment advice. Which suits you depends on your goals, time horizon and risk tolerance. Both are new schemes with a short track record, and past performance does not indicate future returns. Read each scheme's offer document and consider speaking to a SEBI-registered adviser before investing.
More comparisons
iSIF Hybrid Long-Short Fund vs
Magnum Hybrid Long-Short Fund vs
See every scheme in this category on the Hybrid Long-Short SIF Funds page. New to SIFs? Start with what a Specialised Investment Fund is, or read Best Hybrid Long-Short SIF Funds in India, Best SIF Funds in India: How to Actually Compare Them and SIF vs. Mutual Fund vs. PMS vs. AIF.
This comparison is factual information, not investment advice or a recommendation of either scheme. Past performance does not indicate future returns.