Specialised Investment Funds (SIF)
A new category between mutual funds and PMS.
Specialised Investment Funds are a newer SEBI-regulated category offered by eligible mutual fund houses. They allow strategies with greater flexibility than conventional mutual funds, such as long-short equity or more active debt approaches, within a regulated framework, and at a lower entry point than PMS or AIFs.
How it generally works
- An eligible fund house launches SIF strategies under a separate brand from its mutual fund schemes.
- Investors subscribe to a strategy in the same way as a mutual fund, subject to the minimum investment.
- Redemption terms depend on whether the strategy is open-ended, closed-ended or interval.
Who may find it suitable
Investors who already hold a core mutual fund portfolio and want measured exposure to more flexible strategies.
Key considerations and risks: SIFs
- This is a new category; most strategies have a limited history.
- Long-short and derivative-based strategies behave differently from conventional funds.
- Some strategies have restricted redemption windows.
How ArthaVan can assist
- Explaining how a SIF strategy differs from a comparable mutual fund or PMS
- Assessing whether its risk, liquidity and cost profile suits you
- Monitoring new launches and evaluating them with healthy caution
Frequently asked questions about SIFs
What is the difference between PMS, AIF and SIF?
All three are for experienced investors. PMS is a portfolio held in your own name (minimum ₹50 lakh); AIFs are pooled private funds (generally ₹1 crore); SIFs are a newer mutual-fund-house offering with more flexible strategies (₹10 lakh).
Is a SIF the same as a mutual fund?
No. SIFs are offered by eligible mutual fund houses but under a separate framework and brand, with a higher minimum investment and greater strategy flexibility.
Ask about SIF strategies.
Start with a private, no-obligation conversation about where you are and where you want your wealth to go.