SBI Mutual Fund announced the launch of its second investment strategy under the Specialised Investment Fund (SIF) framework, Magnum Equity Ex-Top 100 Long Short Fund, an open-ended investment strategy predominantly investing in equity and equity-related instruments including limited short exposure in equity through derivative instruments, of stocks other than large-cap stocks.
The new fund offer or NFO of the fund will be open for subscription from August 7 and will close on August 20.