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Specialised Investment Funds (SIF)

Between mutual funds & PMS

Specialised Investment Funds are a SEBI-regulated category between mutual funds and PMS, giving access to strategies such as long-short equity with the structure and safeguards of a mutual fund.

₹10 LMinimum across an AMC's SIF strategies
2025Year SEBI introduced SIFs
3Strategy families: equity, debt, hybrid
25%Cap on unhedged short exposure
Get Started

Get Started in 4 Simple Steps

1

PAN & KYC Verification

Check or complete your KYC using your PAN

2

Document Upload

Aadhaar (masked) and bank proof

3

E-Sign

Sign your forms digitally with an OTP

4

Ready to Transact

Invest through the app or your RM

Overview

What is a SIF?

Introduced by SEBI in 2025, SIFs let eligible fund houses run strategies with more flexibility than a regular scheme, including limited short positions through derivatives. They are launched under a brand separate from the AMC's mutual funds and follow mutual fund rules on custody, valuation and disclosure.

Explore

Strategy Types

Equity Strategies

Including equity long-short, ex-top 100 long-short and sector rotation long-short.

Debt Strategies

Including debt long-short and sectoral debt long-short.

Hybrid Strategies

Active asset allocator and hybrid long-short strategies across asset classes.

Key Points

Who is a SIF For?

Documents

Keep These Ready

Keep these handy for a smooth start. We never ask for your full Aadhaar number; a masked copy is enough.

PAN CardMandatory for every investor, including minors and HUFs.
AadhaarA masked copy (only the last 4 digits visible) for e-KYC and e-sign.
Bank ProofCancelled cheque or a recent bank statement showing your name and IFSC.
Passport PhotoA recent colour photograph against a plain background.
Address ProofNeeded if your current address differs from Aadhaar, e.g. passport or utility bill.
FATCA DeclarationTax-residency self-declaration; NRIs and foreign tax residents add overseas details.
FAQs

Questions, answered

What is the minimum investment?
₹10 lakh across all SIF strategies of an AMC, at PAN level. Accredited investors are exempt from this threshold.
How is a SIF different from a mutual fund?
SIFs can take limited unhedged short positions through derivatives and follow more specialised strategies, so they carry higher and different risks than a typical mutual fund.
How is a SIF different from PMS?
A SIF is a pooled fund with a lower minimum and mutual fund-style taxation and reporting; a PMS is a separate portfolio held in your own demat account.
Can I redeem anytime?
It depends on the strategy. SIFs can be open-ended, close-ended or interval funds, with redemption frequency and notice periods set out in the offer document.
How are SIFs taxed?
SIFs are generally taxed like mutual fund schemes of the corresponding type. Confirm the treatment of a specific strategy with your tax adviser.
Get Started

Ready to begin?

Talk to your relationship manager or start online in minutes.

SIF investments are subject to market risks, including risks arising from derivatives. Read the Investment Strategy Information Document carefully.