Magnum Hybrid Long-Short Fund vs Platinum Hybrid Long-Short Fund
Magnum Hybrid Long-Short Fund from SBI Mutual Fund and Platinum Hybrid Long-Short Fund from Mirae Asset 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 ₹385 Cr for Platinum Hybrid Long-Short Fund — about 10.3 times the size.
- Magnum Hybrid Long-Short Fund launched first, on 20 Oct 2025; Platinum Hybrid Long-Short Fund followed on 10 Jun 2026, about 8 months later. Since-inception returns therefore cover different periods and are not directly comparable.
- Over the past three months, Platinum Hybrid Long-Short Fund returned +0.66% and Magnum Hybrid Long-Short Fund returned -0.28% (Direct plan).
- Platinum Hybrid Long-Short Fund has the lower Direct-plan expense ratio, 0.16% against 0.40% for Magnum Hybrid Long-Short Fund.
- Both are measured against the same benchmark, 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.
| Magnum Hybrid Long-Short Fund SBI Mutual Fund | Platinum Hybrid Long-Short Fund Mirae Asset Mutual Fund | |
|---|---|---|
| Category | Hybrid Long-Short | Hybrid Long-Short |
| Status | Active | Active |
| Direct NAV | 10.5407 | 10.2820 |
| 1M Return | +1.94% | +2.26% |
| 1Y Return | +5.00% | — |
| Since Inception | +5.03% | +2.81% |
| AUM | ₹3,980 Cr | ₹385 Cr |
| Minimum Investment | ₹10,00,000 | ₹10,00,000 |
| Expense Ratio | 0.40% | 0.16% |
| Exit Load | 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 | 1% if redeemed within 30 days from the date of allotment; Nil if redeemed after 30 days |
| Benchmark | NIFTY 50 Hybrid Composite Debt 50:50 Index | NIFTY 50 Hybrid Composite Debt 50:50 Index |
| Risk-o-meter | Band 1 of 5 (Lower Risk) | Band 1 of 5 (Lower Risk) |
| Launch Date | 20 Oct 2025 | 10 Jun 2026 |
| Fund Managers | Gaurav Mehta | Gaurik Shah |
Open the full page for Magnum Hybrid Long-Short Fund or Platinum Hybrid Long-Short Fund for NAV history, holdings and the AMC factsheet, or add a third fund to this comparison.
Holdings in common
1 position appears in the disclosed top holdings of both funds. This compares only the top holdings each AMC publishes (Magnum Hybrid Long-Short Fund: 30 Sept 2026; Platinum Hybrid Long-Short Fund: 30 Sept 2026), not the complete portfolios, so the real overlap may be higher.
| Holding | Sector | SBI MF weight | Mirae Asset weight |
|---|---|---|---|
| Cash, Cash Equivalents, Derivative Margin And Others | — | 3.33% | 5.37% |
Magnum Hybrid Long-Short Fund vs Platinum Hybrid Long-Short Fund: common questions
What is the difference between Magnum Hybrid Long-Short Fund and Platinum Hybrid Long-Short Fund?
Both are Hybrid Long-Short Specialized Investment Funds (SIFs), so they follow the same SEBI strategy category. Magnum Hybrid Long-Short Fund is run by SBI Mutual Fund and Platinum Hybrid Long-Short Fund by Mirae Asset 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 Magnum Hybrid Long-Short Fund and Platinum Hybrid Long-Short Fund?
The latest Direct-plan NAV of Magnum Hybrid Long-Short Fund is ₹10.5407 (13 Nov 2026), and of Platinum Hybrid Long-Short Fund is ₹10.2820 (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, Magnum Hybrid Long-Short Fund or Platinum Hybrid Long-Short Fund?
Magnum Hybrid Long-Short Fund is larger by disclosed assets under management, at ₹3,980 Cr, compared with ₹385 Cr for Platinum Hybrid Long-Short Fund. Figures are the latest each AMC has disclosed.
Which has the lower expense ratio, Magnum Hybrid Long-Short Fund or Platinum Hybrid Long-Short Fund?
Magnum Hybrid Long-Short Fund has a Direct-plan expense ratio of 0.40% and Platinum Hybrid Long-Short Fund of 0.16%, as stated in each AMC's factsheet. Regular plans cost more than Direct plans.
What is the minimum investment in Magnum Hybrid Long-Short Fund and Platinum 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, Magnum Hybrid Long-Short Fund or Platinum 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
Magnum Hybrid Long-Short Fund vs
Platinum 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.