SBI Mutual Fund launches first SIF Magnum Hybrid Long Short Fund
SBI Mutual Fund has announced the launch of its first investment strategy under the new Specialized Investment Fund (SIF) framework – the Magnum Hybrid Long Short Fund, an interval investment strategy investing predominantly in equity and debt securities, including limited short exposure in equity and debt through derivatives.
The new fund offer (NFO) will open for subscription from October 1 and close on October 15.
The investment objective of the strategy is to generate regular income by predominantly investing in derivative strategies, such as covered calls and arbitrage opportunities in the cash and derivatives segments of equity markets, as well as debt and money market instruments, while also aiming for long-term capital…
