SIF (Specialised Investment Funds)
Next-generation investment strategies by SEBI-registered asset management companies. Enhanced flexibility with long-short equity, derivative strategies up to 25% unhedged exposure, and tactical positioning for experienced investors seeking differentiated portfolio outcomes.
What is SIF?
Specialised Investment Funds (SIFs) are a new investment category introduced by SEBI in April 2025, designed to bridge the gap between traditional mutual funds and alternative investments like PMS and AIFs .
SIFs are launched by asset management companies (AMCs) and offer enhanced flexibility including long-short equity positions and unhedged derivative exposure up to 25% of net assets using exchange-traded futures and options.
The minimum investment is ₹10 lakh, targeting experienced investors rather than first-time participants.
Why Choose SIF?
Understanding the advantages of this new category
Advanced Investment Strategies
Fund managers can deploy long-short equity, sector rotation, and tactical allocation strategies. Derivatives can be used for more than hedging—unhedged positions up to 25% allow generating returns in both rising and falling markets.
Positioned Between Mutual Funds and Alternatives
Offers the transparency and taxation of mutual funds with the strategic flexibility of PMS/AIF products, at a lower entry point (₹10 lakh vs ₹50 lakh for PMS).
Regulated Flexibility with Governance
SEBI's compliance framework ensures robust oversight through dedicated reporting requirements, keeping strategic flexibility within disciplined governance.
Diverse Product Categories
Seven sub-categories across equity, hybrid, and fixed-income strategies, allowing investors to choose aligned with their risk appetite and investment horizon.
Our SIF Approach
Thoughtful evaluation before commitment
As SEBI-registered distributors, we believe in responsible recommendation over premature promotion. SIFs are innovative but unproven—operational only since April 2025.
Our current stance: Wait and watch
New Category, Unproven Record
We prefer to evaluate funds with at least 2-3 years of verified performance across complete market cycles before recommending them. We highly recommend you to not enter into SIFs till then.
Suitability Profile Under Assessment
We need to observe how long-short strategies perform during market stress, whether liquidity terms (up to 15-day notice periods) prove workable, and if enhanced flexibility translates to genuinely better risk-adjusted returns.
Designed for Experienced Investors
Even when we begin recommending SIFs, they will only suit clients with existing investment experience, risk appetite for complex strategies, and ability to commit 2-3 years with non-daily liquidity comfort.
Our Commitment
We are actively monitoring the SIF landscape. Once sufficient performance data exists—and when specific SIFs prove they genuinely enhance portfolio outcomes rather than merely adding complexity—we will integrate appropriate recommendations. Until then, your portfolio deserves proven solutions, not experimental structures.
Frequently Asked Questions
Common questions about SIFs
Prefer Proven Strategies?
SIFs are new and untested. For investors seeking active management with a verified track record, established downside management, and direct securities ownership, Portfolio Management Services (PMS) remain our recommended solution.
Explore PMS Instead