Elevate Your Trade with SIF, SEBI Regulated Framework
Specialised Investment Funds bring hedge-fund-style strategies — long-short, derivatives, sector rotation into a SEBI-regulated, transparent structure. Built for investors ready to go beyond traditional mutual funds.
- AMFI Registered Mutual Fund and SIF Distributor
- ARN - 194216
- APMI Registered PMS Distributor
- APRN - 10201
What is a Specialised Investment Fund?
A Specialised Investment Fund (SIF) is a SEBI-regulated investment product that offers investors access to more sophisticated investment strategies than traditional mutual funds, while operating within a defined regulatory and transparent framework. SIFs give professional fund managers greater flexibility to use strategies such as long-short positions, derivatives, and other advanced portfolio techniques, positioning them between conventional mutual funds and Portfolio Management Services (PMS).
Regulated by SEBI
Every SIF strategy operates under SEBI’s mutual-fund-style oversight, with disclosure norms, standardised reporting, and only established, registered AMCs permitted to launch one.
Flexible Strategies
Fund managers can go long and short, use derivatives, and rebalance dynamically — flexibility a standard mutual fund doesn’t allow.
Higher Entry, Wider Access
A ₹10 lakh minimum (₹50 lakh needed for PMS, ₹1 crore for AIFs) opens up a middle ground for investors who want more than a mutual fund offers.
Same Regulatory Backbone
SIFs are offered only by established, SEBI-registered AMCs, with mandatory disclosures and reporting built in — unlike lightly regulated private funds.
Investment Vehicle Breakdown
| Product | Minimum Investment | Strategy Flexibility |
|---|---|---|
| Mutual fund | From ₹500 | Tightly defined by category rules |
| SIF | ₹10 lakh | Long-short strategies within SEBI limits |
| PMS | ₹50 lakh | Discretionary, individual portfolio |
| AIF | ₹1 crore | Widest, including unlisted and private assets |
Types of SIFs Strategies
Diversify across categories curated to your specific financial goals and risk appetite.
Equity Long-Short Fund
Minimum 80% in equity and equity-related instruments, with up to 25% unhedged short exposure through derivatives. Aims to capture gains in both rising and falling markets while keeping a strong equity core.
Equity Ex-Top 100 Long-Short Fund
Minimum 65% allocation to stocks outside the top 100 by market capitalisation, plus up to 25% short exposure. Targets inefficiencies in the mid- and small-cap space.
Sector Rotation Long-Short Fund
Minimum 80% in equity across a maximum of four sectors, with up to 25% sector-level short exposure. Tactically rotates between sectors based on market outlook.
Debt Long-Short Fund
Invests across government and corporate bonds of varying maturities, using exchange-traded debt derivatives to take limited short positions on interest rate or credit views.
Sectoral Debt Long-Short Fund
Concentrated debt exposure across at least two sectors, with no single sector exceeding 75% of the portfolio — paired with limited short positioning.
Active Asset Allocator Long-Short Fund
Dynamically shifts across equity, debt, REITs/InvITs, and commodities based on market cycles, with no fixed minimum to any single asset class.
Hybrid Long-Short Fund
Maintains a more consistent blend of equity and debt, using hedging and limited short exposure to manage downside while capturing growth.
What You Should Know Before Investing in SIFs
Before investing in a Specialised Investment Fund (SIF), it’s important to understand its investment threshold, strategies, taxation, and risks. Here’s what every investor should know.
₹10 Lakh Minimum Investment
A Specialised Investment Fund (SIF) requires a minimum investment of ₹10 lakh.
- Applies across all strategies of a single SIF.
- Calculated at the PAN level.
- The limit is not ₹10 lakh per strategy.
How the Threshold Works
The investment requirement applies only to SIF investments.
- Regular mutual fund investments are not included.
- Accredited investors follow separate eligibility norms.
- If the value falls below ₹10 lakh due to market movements, only full redemption is allowed.
SEBI-Permitted Strategies
SEBI currently permits seven strategies across three categories.
- Equity: 3 Long-Short strategies
- Debt: 2 Long-Short strategies
- Hybrid: 2 Long-Short strategies
Each AMC can launch one fund per strategy category.
What is a Long-Short Strategy?
Long-short investing is what differentiates SIFs from traditional mutual funds.
- Managers can take long and limited short positions.
- Short exposure is taken through derivatives.
- Unhedged short exposure is capped at 25% of net assets.
How SIFs Are Taxed
SIF taxation depends on the underlying portfolio.
- Equity-oriented: LTCG 12.5%, STCG 20%.
- Debt-oriented: Taxed as per the investor’s income tax slab.
- Tax is payable only by the investor, not at the fund level.
Key Risks to Understand
SIFs have a different risk profile from conventional mutual funds.
- Derivative and strategy risk.
- Liquidity may vary by strategy.
- Limited performance history.
- Passive breach rules may restrict partial redemption.
SIFs are a different investment category—not a replacement for traditional mutual funds.
Two Kinds of Investors
Not every investor is the right fit for a SIF. Use this to check whether it aligns with your strategy.
You're Ready for a SIF
You already hold a diversified core portfolio and want to go a step further.
- Can commit ₹10 lakh+ without needing partial access
- Understand what short exposure through derivatives means
- Able to sit through periods of underperformance
- Already have a diversified mutual fund base
A SIF May Not Fit Yet
This would form a large share of your investable assets, or the money has a near-term goal.
- Funds are earmarked for a goal within 3–5 years
- May need to withdraw capital at short notice
- Still building a core allocation via mutual funds/SIPs
- Not yet comfortable with derivative-based strategies
Start your journey in 4 simple steps
Investing with us is seamless, secure, and fully aligned with your financial goals — from your first login to your first review.
Complete your KYC
Verify your identity digitally with PAN, Aadhaar, and paperless bank verification.
Confirm Eligibility
Ensure ₹10 lakh minimum is met at the PAN level, aggregated across all strategies of the SIF.
Choose Your Strategy
Pick from Equity, Debt, or Hybrid long-short strategies matched to your risk appetite.
Track and Review
Monitor performance and risk exposure through your personal dashboard.
Your Trust, Our Priority
We operate under the regulatory guidelines of the Association of Mutual Funds in India (AMFI) and the Securities and Exchange Board of India (SEBI). Every recommendation is disclosed, and every credential is verifiable.
- AMFI Registration Number: ARN-194216
- Current Validity of ARN: 31/12/2027
- Initial Registration Date: 31/12/2021
Book an Appointment
Frequently Asked Questions
What is the minimum investment in a SIF?
₹10 lakh, aggregated across all strategies of a single SIF at PAN level. A lower threshold applies to accredited investors.
Is a SIF the same as a mutual fund?
No. A SIF is launched by an AMC under a mutual fund trust, but it is a separate category with its own brand identity, wider strategy flexibility including short exposure, and a different risk profile.
How is a SIF taxed?
As a mutual fund, based on the underlying allocation: 12.5% LTCG / 20% STCG for equity-oriented strategies; slab rate for debt-oriented. No fund-level tax. Subject to change.
What happens if my SIF holding falls below ₹10 lakh?
If the fall is caused by market movement, partial redemption is not permitted — the only option is to redeem the entire holding.
Can any mutual fund distributor sell SIF?
No. A distributor must hold the additional SEBI certification for the category and be registered to distribute it.