SBI Mutual Fund has launched Magnum SIF, its Specialised Investment Fund (SIF), on October 1, 2025, joining the new category of investment products introduced by SEBI earlier this year.
The Specialised Investment Fund structure—rolled out by SEBI on April 1, 2025—is designed as a hybrid model that lies between traditional mutual funds and Portfolio Management Services (PMS). These funds are targeted at high-net-worth investors, with a minimum investment requirement of ₹10 lakh.
Unlike conventional mutual funds, SIFs can deploy long-short strategies, allowing investors to benefit even during market downturns.
Quant Mutual Fund was the first asset management company (AMC) to receive SEBI approval to launch an SIF in August 2025, introducing India’s first long-short fund under this category.
About SBI Magnum SIF
SBI’s Magnum SIF follows an interval investment strategy, investing primarily in equity and debt securities, with limited short exposures through derivatives. The fund is aimed at investors seeking advanced yet tax-efficient investment strategies.
Launch Date: October 1, 2025
Closing Date: October 15, 2025
Benchmark Index: NIFTY 50 Hybrid Composite Debt 50:50 Index TRI
Key Features
Investment Strategy: Hybrid long-short strategy, combining equity, debt, and derivatives.
Subscription Frequency: Daily.
Redemption Frequency: Twice a week — Monday and Thursday.
Minimum Application Amount: ₹10 lakh (and in multiples of Re 1 thereafter).
Minimum Additional Purchase: ₹10,000.
Minimum Redemption Amount: ₹1 lakh.
With Magnum SIF, SBI Mutual Fund aims to cater to sophisticated investors looking for portfolio diversification beyond traditional equity and debt funds while maintaining the tax advantages associated with mutual funds.