What Is a Specialised Investment Fund?
A Specialised Investment Fund (SIF) is a new investment category introduced by SEBI that allows mutual fund houses to offer more flexible investment strategies to investors with a higher risk appetite and a larger investment size.
SIFs can use approaches that traditional mutual funds generally cannot — such as long-short equity, sector rotation or active asset allocation — including limited short exposure through derivatives within limits prescribed by SEBI. They are offered by SEBI-registered AMCs and follow mutual fund–style governance, valuation and disclosure norms.
The minimum investment is ₹10 lakh per investor across the SIF strategies of an AMC, placing SIFs between mutual funds and Portfolio Management Services (₹50 lakh) in terms of entry size.
Common SIF Strategy Types
Equity Long-Short
Primarily equity portfolios with limited short positions to manage risk.
Sector Rotation
Dynamic allocation across sectors based on market cycles.
Debt Long-Short
Fixed-income strategies that can take limited short exposure.
Active Asset Allocator
Flexible allocation across equity, debt and other assets.
Hybrid Long-Short
Combination of equity and debt with long-short flexibility.
Why Consider a SIF?
Access to Advanced Strategies
Strategies earlier available mainly through PMS and AIFs are now accessible at a lower entry point.
Regulated Structure
SIFs operate under SEBI regulation with mutual fund–style governance and disclosures.
Different Return Drivers
Long-short and dynamic strategies can behave differently from traditional funds, adding diversification.
Risk Management Tools
The ability to take limited short positions can help manage downside in certain market conditions.
Why Choose Our SIF Services?
SIFs are new and varied. We help you understand them clearly before investing.
Suitability First
We assess whether a SIF fits your risk profile, portfolio size and liquidity needs.
Clear Explanations
We explain each strategy, its risks, liquidity terms and risk band in simple language.
Right Allocation
We recommend an appropriate allocation within your overall portfolio rather than over-concentration.
Ongoing Monitoring
We track performance and whether the strategy is being followed consistently.
Our Process
- Understand Your Objectives Your goals, time horizon and liquidity needs.
- Assess Your Risk Profile A documented assessment of your risk capacity and tolerance.
- Research & Shortlist Products evaluated on consistency, process, quality and costs.
- Invest & Implement Your allocation executed with paperless onboarding.
- Monitor & Optimise Ongoing tracking, reporting and rebalancing.
Start Your Journey Today
Speak with our team for a personalised, no-obligation discussion.
Frequently Asked Questions
Who can invest in SIFs?
Investors who can commit at least ₹10 lakh across the SIF strategies of an AMC, subject to SEBI regulations. Accredited investors may have different thresholds.
How is a SIF different from a mutual fund?
SIFs can use more flexible strategies, including limited short positions through derivatives, and are intended for investors with a higher risk appetite.
Are SIFs riskier than regular mutual funds?
They can be, depending on the strategy. Each SIF discloses a risk band, which we review with you before investing.
How liquid are SIFs?
Liquidity varies by strategy — some offer daily redemption while others may have weekly or monthly redemption windows and notice periods.
How are SIFs taxed?
SIFs are structured under the mutual fund framework, and taxation generally follows the applicable mutual fund rules based on the strategy's asset mix.