Special Investment Funds (SIF)
A Specialised Investment Fund (SIF) is a new investment category introduced by Securities and Exchange Board of India (SEBI) to bridge the gap between traditional Mutual Funds and Portfolio Management Services (PMS). SIFs offer advanced investment strategies, greater portfolio flexibility, and professional fund management for sophisticated investors.

Generate returns through both rising and falling market opportunities using equity and derivative positions.

Invest in debt instruments with tactical long and short exposure.

Dynamically shift investments across sectors based on market opportunities.

Combination of equity and debt strategies with flexible allocation.

Dynamic allocation across equity, debt, REITs, InvITs, and other permitted asset classes.
| Feature | SIF | Mutual Fund | PMS | AIF |
|---|---|---|---|---|
| Minimum Investment | ₹10 Lakh | ₹500+ | ₹50 Lakh | ₹1 Crore |
| Portfolio Flexibility | High | Moderate | Very High | Very High |
| SEBI Regulation | Yes | Yes | Yes | Yes |
| Investor Type | Sophisticated Investors | Retail Investors | HNIs | HNIs & Institutions |
| Long-Short Strategies | Yes | Limited | Yes | Yes |
| Customisation | Moderate | Low | High | High |
| Tax Efficiency | Similar to Mutual Funds | Yes | Depends | Depends |
Specialised Investment Funds provide a unique middle ground between traditional Mutual Funds and PMS by combining:
making them an attractive option for sophisticated investors looking to diversify beyond conventional investment products.
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Risk Factors – Investments in Mutual Funds are subject to Market Risks. Read all scheme related documents carefully before investing. Mutual Fund Schemes do not assure or guarantee any returns. Past performances of any Mutual Fund Scheme may or may not be sustained in future. There is no guarantee that the investment objective of any suggested scheme shall be achieved. All existing and prospective investors are advised to check and evaluate the Exit loads and other cost structure (TER) applicable at the time of making the investment before finalizing on any investment decision for Mutual Funds schemes. We deal in Regular Plans only for Mutual Fund Schemes and earn a Trailing Commission on client investments. Disclosure For Commission earnings is made to clients at the time of investments. Option of Direct Plan for every Mutual Fund Scheme is available to investors offering advantage of lower expense ratio. We are not entitled to earn any commission on Direct plans. Hence we do not deal in Direct Plans.
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