New Delhi, Oct. 9 -- SBI Mutual Fund launched Magnum SIF on 1 October. For those who are not aware, SIF refers to a specialised investment fund, a new investment category launched by Sebi on 1 April 2025. It falls somewhere between mutual funds and Portfolio Management Services (PMS).

The minimum investment in an SIF is Rs.10 lakh. This fund category allows investors to profit even when the market falls. Read THIS Livemint article for details.

Besides SBI Mutual Fund, Quant Mutual Fund in August 2025 announced that it has received approval from the capital markets regulator Sebi to launch an SIF, becoming the first AMC to launch such funds in India. "Quant Mutual Fund gets SEBI approval to launch India's First Long-Short Fund in the new...