SBI Mutual Fund introduces the First SIF Magnum with a Multi-Asset Strategy

On September 24, 2025, SBI Mutual Fund, one of India's largest and most trusted fund houses, introduced its first investment under the Specialised Investment Fund (SIF) framework. The new fund, named the Magnum Hybrid Long Short Fund, offers investors a unique opportunity to grow their money by investing in a well-diversified mix of assets, including equity, debt, derivatives and real estate instruments.

The New Fund Offer (NFO) opens for subscription on October 1 and closes on October 15, 2025. Investors can subscribe daily, while redemptions are available twice a week, on Mondays and Thursdays, providing flexibility and convenience.

What is a Specialised Investment Fund (SIF)?

SEBI introduced the Specialised Investment Fund (SIF), a new vision that provides investors access to more flexible, diversified, and innovative investment options. It was created to fill the gap between regular mutual funds and more complex portfolio management services.

SBI Mutual Fund new Magnum Hybrid Long Short Fund is the first product under this SIF category, and its purpose is to deliver consistent returns while mitigating market risks.

How Does the Magnum Hybrid Long Short Fund Work?

This fund uses a multi-asset strategy, which means it invests in a mix of equities (stocks), debt (bonds), derivatives and even real estate investment trusts (REITs) and infrastructure investment trusts (InvITs). The fund deliberately balances these assets to give growth potential while managing risks.

The "long-short" part means the fund can take position bets on stocks it expects to go up (long) and on those it expects to decline (short), potentially helping to earn profits in different market conditions. It uses innovative techniques with derivatives to protect investors when markets face ups and downs.

Must Know: Top 6 Mutual Fund NFOs Open for Subscription: September 2025

Key Features Investors Should Know

• The New Fund Offer (NFO) will be open from October 1 to October 15, 2025.
• The minimum investment required to join is Rs. 10 lakhs, with further investments starting from Rs. 10,000.
• Subscriptions can be made daily and redemptions happen twice weekly (Mondays and Thursdays).
• The fund offers consistent returns of around 8 to 11%.
• It will invest between 65% and 75% in equities, 25% to 35% in debt, and up to 10% in REITs/InvITs.
• The fund's benchmark is the NIFTY 50 Hybrid Composite Debt 50:50 Index TRI.

What Experts Say

Mr. Nand Kishore, MD & CEO of SBI Funds Management, called this launch "a strategic evolution" for the company. He said this new SIF product shows SBI Mutual Fund's commitment to offering innovative investment solutions that work well over different market cycles. 

DP Singh, Deputy MD & Joint CEO at SBI Funds, said that this product is perfect for investors who prefer a balanced approach, enjoying the growth from stock markets while having protection through debt and derivatives, which can reduce risks and volatility.

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Who Should Consider This Fund?

The Magnum Hybrid Long Short Fund is ideal for investors looking for medium to long-term growth but with financial protection against the market's unpredictable trends.

It suits those who want FD-plus returns with lower risks and first-time equity investors looking for a safer and smarter way to invest in stocks.

Final Takeaway

In SBI MFs, the Magnum Hybrid Long Short Fund offers investors a new and flexible way to diversify their portfolios. This fund is an attractive option for those investors who prefer stable returns and lower investment risk.

The New Fund Offer opens on October 1, 2025, making this the right time for investors to explore this innovative product by SBI Mutual Fund.