SBI MF's Magnum Hybrid Long Short Fund: Should you invest?

Summary: SBI Mutual Fund’s latest launch under SEBI’s SIF framework blends equity, debt and derivatives into one strategy. With its collar-based approach and equity-style taxation, the fund promises smoother returns. But is it for everyone? This piece breaks down all about the fund, who should consider it and how it fits into a portfolio. SBI Mutual Fund will launch the Magnum Hybrid Long Short Fund, its first scheme under the new specialised investment fund (SIF) framework, on October 1, 2025. The fund offer will be open until October 15. The scheme combines equity, debt and derivatives in a way that aims to deliver steadier returns with lower volatility. The underlying benchmark will be the Nifty 50 Hybrid Composite Debt 50:50 Index TRI. Here’s a breakdown of what the fund offers and who it’s meant for. Magnum Hybrid Long Short Fund: Portfolio structure Magnum Hybrid Long Short Fund will keep a sizeable portion