State Bank of India Mutual Fund (SBI MF) has announced the launch of its first Specialized Investment Fund (SIF) under the name SBI Magnum Hybrid Long Short Fund. This marks the AMC's entry into the SIF category, offering investors a new investment avenue combining equity, debt, and derivatives.
Scheme Name: SBI Magnum Hybrid Long Short Fund
Category: Specialized Investment Fund (SIF)
NFO Subscription Period: October 1, 2025 - October 15, 2025
Minimum Investment: ₹10 lakh
Minimum Additional Purchase: ₹10,000
Benchmark Index: Nifty 50 Hybrid Composite Debt 50:50 TRI
The fund aims to generate returns through a balanced mix of equity, debt, and derivative instruments. The portfolio strategy includes:
Allocating 65-75% of the corpus to equities and equity-related instruments.
Investing the remaining portion in derivative strategies such as index futures, stock futures, index options, stock options, and arbitrage opportunities.
Targeting both short-term gains through derivatives and long-term capital appreciation via equity investments.
The fund allows daily subscriptions.
Redemptions are permitted twice a week - on Mondays and Thursdays.
Like all mutual funds, the scheme carries market-related risks. Experts caution that New Fund Offers (NFOs) may not be suitable for all investors, especially those new to mutual fund investing, as performance history is not available.
This scheme may be suitable for:
Investors seeking diversified exposure across equities, debt, and derivatives.
Those looking for a hybrid strategy combining long-term capital appreciation with opportunities for short-term income.
Investors who can allocate higher minimum amounts (₹10 lakh) and are comfortable with moderate-to-high risk.