Specialized Investment Fund (SIF) SEBI-regulated, Between MF and PMS/AIF- Can be Start with 10 Lakhs

hender · 2025-12-19T13:57:34+00:00

A ₹10 Lakh SIF (Specialized Investment Fund) A Specialised Investment Fund (SIF) is a new class of investment in India, introduced by the Securities and Exchange Board of India (SEBI) in April 2025, designed for high-net-worth individuals (HNIs) and sophisticated investors seeking advanced strategies not available in traditional mutual funds. The minimum investment required is ₹10 lakhs at the PAN level across all SIF strategies within a single Asset Management Company (AMC). Details of SBI's SIF is for reference purpose; The SBI Magnum Specialised Investment Fund (SIF) – Hybrid Long Short Fund is SBI Mutual Fund's first offering in the SIF category, designed for sophisticated investors seeking stable, risk-adjusted returns with the tax efficiency of a mutual fund. Key Insights on SBI Magnum SIF Investment Objective: The fund aims to generate regular income through derivative strategies and long-term capital appreciation from limited unhedged equity exposure. It seeks returns higher than traditional fixed deposits with lower volatility than conventional hybrid funds. Fund Strategy: Employing a "hybrid long-short" approach, the fund invests across equities, debt, money market instruments, and REITs/InvITs to potentially perform in varying market conditions. Target Investor: It is intended for high-net-worth individuals (HNIs) and experienced investors comfortable with a minimum investment of ₹10 lakhs and some volatility, but who prefer a more managed risk strategy than typical equity funds. Tax Efficiency: Structured for equity taxation benefits, long-term capital gains (LTCG) after 12 months are taxed at 12.5% (plus surcharge and cess), offering a tax advantage compared to debt-oriented funds. Fund Details and Asset Allocation The fund is managed by Gaurav Mehta. Key details include a benchmark of NIFTY 50 Hybrid Composite Debt 50:50 Index TRI, a minimum investment of ₹10 lakhs, and specific redemption frequencies and exit loads. The Direct Plan had an expense ratio of 0.40% as of December 18, 2025. The indicative asset allocation includes a gross exposure to Equity & Equity-related Instruments of 65% to 75% (with hedged and unhedged components), Debt and Money Market Instruments at 25% to 35%, and Units of REITs & InvITs at 0% to 10%. Performance and AUM Launched via an NFO in October 2025, the fund does not have a long performance history. It raised approximately ₹1,100 crore during its NFO. AUM (as of October 31, 2025): ₹1,143.67 Crore Performance (Since Launch): Meaningful annual return data is not available due to the recent launch. The NAV was around ₹10.12 as of December 17, 2025. This thread is created as Wiki thread for interested Participants and Meaningful Contribution. 🫡 https://www.sbimf.com/magnumsif/longshorthybridfund

Threadmarks SID, KIM, SBI Magnum SIF New

hender

TF Legend

Friday at 7:31 PM

Few days back, one esteemed Member asked me for my views on SBI Magnum SIF, hence created the thread for diversified opinion and counter point; and for more people who are interested;

Link of SBI Magnum SIF