Sbi Funds Management Limited · NSE:SBIFUNDS
Sbi Funds Management — SBI Mutual Fund — Investor Presentation (August 2026)
24 slides from Sbi Funds Management's investor presentation, August 2026
Slide 1: Magnum Equity Ex-Top 100 Long Short Fund
7™ TO 20™ AU! 1026 TUT A meee ITT TE Know more BUI LiLiiE MAGNUM SIF OFFERED BY SBI MUTUAL FUND Backed by Expertise. Built for You. Presenting our 2% Investment Strategy Magnum Equity Ex-Top 100 Long Short Fund The Magnum Equity Ex-Top 100 Long Short Fund focuses on companies beyond India’s top 100
Slide 2: SIF…
SIF… A Specialized Investment Fund (SIF) is a new investment product framework introduced by SEBI to create a bridge between Mutual Funds and Portfolio Management Services (PMS). It is designed for investors who seek a balance of tax efficiency, and greater flexibility in managing their wealth. Inve
Slide 3: SIF & Other Investment Instruments
SIF & Other Investment Instruments SIF MF PMS AIF (CAT III) Rs. 10 Lakh Minimum Investment (Across SIF strategies) Rs. 5000 (Lumpsum) Rs.50 Lakh Rs. 1 Crore Equity -LTCG at 12.5% (after 12m) Debt – Marginal Tax rate Taxed to investor at each NA Taxation at Investor level Other – LTCG @ 12.5% (after
Slide 4: Asset Allocation
Asset Allocation Equities Ex-Top 100 : 65 - 100% Core Portfolio, Growth Engines Top 100 (Large Cap) Equity: Up to 35% To be used opportunistically Debt & Money Market Instruments: Up to 35% Primarily for liquidity management Unhedged Shorts: Up to 25% Source of uncorrelated absolute returns Units is
Slide 5: Portfolio Construct
Portfolio Construct Stock selection: Core-Satellite approach The Core portfolio is expected to hold ~25-30 high-conviction ideas, allowing meaningful allocation to each investment while maintaining adequate diversification. Stock selection will be driven by bottom-up fundamental research, focused on
Slide 6: Portfolio Construct
Portfolio Construct The portfolio’s expected return drivers remains ex-Top 100 equities. DERIVATIVES E XPE CTE D LARGE CAPS RE TURN DRIVE RS Flexible return Selective allocation expression MID & • Long satellite ideas via derivatives, • To be intended towards managing liquidity within equity allocat
Slide 7: Core conviction, Satellite agility
Core conviction, Satellite agility A dominant long-term core portfolio is paired with a controlled tactical portfolio to capture incremental change and potential opportunities. CORE SATELLITE BUSINESS Durable economics and scalable opportunity INCREMENTAL CHANGE Catalysts, earnings inflections, chan
Slide 8: Investment Framework
Investment Framework ABSOLUTE RETURN FRAMEWORK RELATIVE RETURN FRAMEWORK Incremental fundamental change Business Rising market expectations Management Momentum Valuations Relative valuations For detailed Investment strategy and asset allocation, refer Investment Strategy Information Document (ISID).
Slide 9: Core Investment Philosophy
Core Investment Philosophy ▪ Economic Moat ▪ Competency across market ▪ Size of Opportunity cycles ▪ Focus on intrinsic value ▪ Return on Capital ▪ Corporate governance ▪ Discounted cash flows & ▪ Pricing Power ▪ Integrity & Track record relative valuations ▪ Capital Intensity ▪ Skin in the game ▪ C
Slide 10: Solution Laddering…
Solution Laddering… Bridging the gap in the equity landscape EQUITY Sectoral / Thematic Small Cap Mid Cap Multi Cap Flexi Cap Contra / Focus Large & SIF – Equity Ex Top 100 Mid Cap Large Hybrid Cap Mutual Hybrid Long Funds Mid Cap Advantage Small Cap Advantage Short Fund • High Growth • Research Arb
Slide 11: Magnum Equity Ex-Top 100 Long Short Fund
MAGNUM EQUITY EX-TOP 100 LONG SHORT FUND (An open ended investment strategy predominantly investing in equity and equity related instruments including limited short exposure in equity through derivative instruments, of stocks other than large cap stocks) This product is suitable for investors who ar
Slide 12: Opportunities Beyond Top 100
Opportunities Beyond Top 100
Slide 13: Overlooked Investment Opportunity…
Overlooked Investment Opportunity… Number of Analyst Covering stocks from BSE Smallcap Index 600 542 500 418 NUMBER OF STOCKS 400 300 200 150 111 100 26 4 0 None <5 <10 <20 <30 >30 NUMBER OF ANALYSTS • A majority of India’s listed universe lies beyond the Top 100, yet remains structurally under-owne
Slide 14: Compounding beyond Top100
Compounding beyond Top100 12000 CAGR 10000 16.08% 8000 CAGR 6000 13.45% 4000 CAGR 11.46% 2000 0 Nifty 100 TRI Nifty Midcap 150 TRI Nifty Smallcap 250 TRI Market breadth goes way beyond top 100 companies. Mid cap and small caps have delivered excess return over large caps. Source: MFI Explorer. Data
Slide 15: Compounding beyond Top100
Compounding beyond Top100 Market Cap (‘000 Crores) 180 51th Stock 169 120 101th Stock 300 6.0x 106 160 MARKET CAP (LAKH CRORE) 100 140 250 120 80 100 80 60 200 11.6x 60 40 40 26 20 10 150 20 0 11.7x 0 2010 2026 2010 2026 100 251th Stock 501th Stock 50 35 32 14 30 12 11 0 25 10 Large Cap Mid Cap Smal
Slide 16: Extraordinary Wealth Creators are Found Beyond Largecaps
Extraordinary Wealth Creators are Found Beyond Largecaps The opportunity set expands as the bar for wealth creation rises. Large Cap Mid Cap Small Cap 5X 25 Companies 32 Companies 72 Companies Return 10X 10 Companies 19 Companies 72 Companies Return 20X 2 Companies 9 Companies 83 Companies Return As
Slide 17: Risk Heavy Terrain
Risk Heavy Terrain 2016 % of Stocks giving negative returns 2016 - 2026 25% 23% Small Caps (426 Stocks) 20% 2026 15% 13% 9% 10% Large Cap Mid Cap Small Caps 5% (2 Stock) (23 Stocks) (401 Stocks) 11 Year CAGR 11 Year CAGR 11 Year CAGR 0% 31.6% 26.8% 8.2% Large Cap Mid Cap Small Cap Identifying Multi-
Slide 18: Drawdowns Across Market Cap
Drawdowns Across Market Cap Maximum Drawdown From 2010 - 2026 Large Cap Mid Cap Small Cap 0% -10% -20% -30% -40% -50% -60% -70% Drawdowns intensify meaningfully as we move from mid to small caps, underscoring the structurally higher risk in the broader market universe Source: MFI Explorer, Bloomberg
Slide 19: Extensive research capabilities
Extensive research capabilities 47-member research team Coverage Active coverage of 503 companies (87% of BSE 500 market cap) and 244 issuers, reviewed on a continuous basis to spot best investment opportunities 16 Equity Analysts 4 Company Visits, Calls Credit Analysts Independent views formed thro
Slide 20: Investment Universe
Investment Universe Listed Universe These are all the companies that are listed in the Indian stock (~5700 stocks) exchange. Traded Universe These are stocks that are traded in the stock exchange. (~3400 stocks) Active and This universe consists of all stocks which are meaningfully part of major Pas
Slide 21: Investment Process
Investment Process Idea Investment Portfolio Scuttlebutt Analysis Execution Maintenance Generation Thesis Management • Monthly Quant-Q • Competitors • Earnings Model • Rationale • Template • Market Intelligence • Update score Model • Customers • Value Framework • Target Price • Buy / Sell Decisions
Slide 22: Investment Ethos
Investment Ethos MACRO + ASSET ALLOCATION BOTTOM UP RESEARCH INVESTMENT UNIVERSE ESG + FORENSIC QUANTITATIVE MODELS AS THE CORE OF OUR INVESTMENT PROCESS, EACH STOCK IN OUR INVESTIBLE UNIVERSE GOES THROUGH A RIGOUROUS MULTI STEP ANALYSIS
Slide 23: Fund Details
Fund Details Investment Strategy Name Magnum Equity Ex-Top 100 Long Short Fund The investment objective of the Strategy is to generate long-term capital appreciation by investing primarily in equity and equity-related instruments of stocks outside the top 100 by Investment Objective market capitaliz
Slide 24: Disclaimer
Disclaimer Magnum SIF is offered by SBI Mutual Fund. This presentation is for information purposes only and is not an offer to sell or a solicitation to buy any strategies / mutual fund units/securities. These views alone are not sufficient and should not be used for the development or implementatio
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