SBI, Edelweiss make SIF debut, Quant expands with new fund

Summary: Hybrid long-short funds are emerging as the first wave of products under SEBI’s SIF framework. SBI and Edelweiss have made their debut filings, while Quant is building on its earlier equity strategies with a hybrid launch. Hybrid long-short funds are beginning to take shape under the new Specialised Investment Fund (SIF) framework. SBI Mutual Fund, under its Magnum SIF, and Edelweiss Mutual Fund, through its Altiva SIF, have filed their debut products in this category. Quant Mutual Fund, under its qsif SIF, had earlier filed equity strategies and is now expanding its line-up with a hybrid offering. These filings signal the next phase in SIF’s rollout. The hybrid long-short category, in particular, is designed to strike a balance between growth from equities, stability from debt and protection t