Magnum Hybrid Long Short Fund

Ans.

Ans. The Magnum Hybrid Long Short Fund has an AUM of ₹3390.82 Cr as on 4/9/2026. The scheme has delivered CAGR returns for the past 3 years against a category average of 10.94%. The risk is Low against the category average of 36.53.

Ans. Mutual fund taxation depends on the scheme type and investment holding period.
Taxation on hybrid funds: If equity allocation is 65% or above: STCG of 20% is applicable if units are sold within one year of purchase. For units sold after one year of purchase, LTCG of 12.5% is levied on gains above ₹1.25 lakhs in a financial year.
If debt allocation in a hybrid fund is 65% or more, gains are added to income and taxed as per slab rate irrespective of the holding period.

Ans. There is no lock-in period applicable on Magnum Hybrid Long Short Fund.

Ans. The expense ratio of Magnum Hybrid Long Short Fund is 1.19%.