Specialised Investment Funds (SIF)

Tue, 19 May 2026 00:00:00 +0000

Specialised Investment Funds (SIF) is a SEBI-introduced mutual fund category (effective 2024-2025) designed for HNI and sophisticated retail investors who want strategies beyond what conventional mutual fund categories permit. SIFs sit in the regulatory space between traditional mutual funds (broad retail access, restricted strategies) and Portfolio Management Services (PMS) / Alternative Investment Funds (AIF) (HNI-only, looser restrictions but higher cost and complexity).

For Indian sophisticated retail investors, SIFs provide a new mid-tier access route to strategies like long-short equity, hedge-fund-like positioning, and derivatives-heavy approaches that conventional MFs cannot execute.

SEBI Specialised Investment Funds (SIF) framework

Tue, 12 May 2026 00:00:00 +0000

SEBI Specialised Investment Funds (SIF) are a new category of investment vehicle introduced by SEBI circular SEBI/HO/IMD/IMD-PoD-1/P/CIR/2024/26 dated 7 March 2024, occupying a regulatory space between mutual funds (which are widely accessible, including to retail investors) and Alternative Investment Funds (AIFs), which are accessible only to sophisticated investors with a minimum commitment of ₹1 crore. SIFs are designed for “sophisticated” or “knowledgeable” investors with a minimum investment ticket of ₹10 lakh, enabling strategies that are not permissible under the standard SEBI (Mutual Funds) Regulations, 1996 investment restrictions. SIFs are offered by existing registered mutual fund AMCs under the same regulatory umbrella as mutual funds, without requiring a separate AIF registration. The framework is administered by the SEBI Investment Management Department .

Specialised Investment Funds on WebNotes

Specialised Investment Funds (SIF)

SEBI Specialised Investment Funds (SIF) framework