{"id":366905,"date":"2026-07-07T15:48:13","date_gmt":"2026-07-07T10:18:13","guid":{"rendered":"https:\/\/forumias.com\/blog\/?p=366905"},"modified":"2026-07-07T15:48:13","modified_gmt":"2026-07-07T10:18:13","slug":"specialised-investment-funds-sifs","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/specialised-investment-funds-sifs\/","title":{"rendered":"Specialised Investment Funds (SIFs)"},"content":{"rendered":"<div class=\"content-box-green\">\n<p><strong>News:<\/strong>\u00a0The newly introduced Specialised Investment Funds (SIFs) have crossed \u20b913,814 crore in assets under management (AUM) after the framework was introduced.<\/p>\n<\/div>\n<h2 class=\"red-h2-box\"><strong>About Specialised Investment Funds (SIFs)<\/strong><\/h2>\n<figure id=\"attachment_366908\" aria-describedby=\"caption-attachment-366908\" style=\"width: 452px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\" wp-image-366908\" src=\"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2026\/07\/Source-ICICI.jpg?resize=452%2C315&#038;ssl=1\" alt=\"Specialised Investment Funds (SIFs)\" width=\"452\" height=\"315\" srcset=\"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2026\/07\/Source-ICICI.jpg?resize=300%2C209&amp;ssl=1 300w, https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2026\/07\/Source-ICICI.jpg?w=642&amp;ssl=1 642w\" sizes=\"auto, (max-width: 452px) 100vw, 452px\" \/><figcaption id=\"caption-attachment-366908\" class=\"wp-caption-text\">Source &#8211; ICICI<\/figcaption><\/figure>\n<ul>\n<li><strong>Specialised Investment Funds (SIFs)<\/strong> are <strong>pooled investment products<\/strong> that provide <strong>greater flexibility for managing<\/strong> advanced investment strategies.<\/li>\n<li><strong>Introduced by:<\/strong> It is introduced by <strong>Securities and Exchange Board of India (SEBI),<\/strong> through a circular dated February 27, 2025.<\/li>\n<li><strong>Legality:<\/strong>\u00a0It operate under the <strong>SEBI (Mutual Funds) Regulations, 1996.<\/strong><\/li>\n<li><strong>Effective from:<\/strong> The SIF framework became <strong>effective from April 1, 2025.<\/strong><\/li>\n<li><strong>Objective<\/strong>: SIFs were introduced to <strong>bridge the gap between traditional Mutual Funds (MFs) and Portfolio Management Services (PMS)<\/strong> by providing <strong>greater investment flexibility<\/strong> with <strong>regulatory safeguards for sophisticated investors.<\/strong><\/li>\n<li><strong>Eligibility criteria:<\/strong>\n<ul>\n<li><strong>Investor eligibility:<\/strong> Investors must <strong>invest at least \u20b910 lakhs per PAN across all strategies<\/strong> of a particular <strong>Asset Management Companies (AMC)<\/strong>, while <strong>accredited investors are exempted<\/strong> from this requirement.<\/li>\n<li><strong>AMC eligibility:<\/strong> <strong>Only SEBI-registered Asset Management Companies (AMCs) can launch SIFs<\/strong> through either the sound track record route or the alternate route, subject to the prescribed experience, AUM, and regulatory conditions.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Categories of Investment:<\/strong>\n<ul>\n<li><strong>Long-short strategy:<\/strong> SIFs allow directional long-short equity exposure.<\/li>\n<li><strong>Derivative strategy:<\/strong> They permit derivative strategy <strong>exposure up to 25% of NAV.<\/strong><\/li>\n<li><strong>Multi-asset strategy:<\/strong> They allow <strong>multi-asset or hybrid allocations<\/strong> combined with derivative exposure.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Key features:<\/strong>\n<ul>\n<li><strong>Transparency:<\/strong>\u00a0Every scheme<strong> provides an Investment Strategy Information Document (ISID),<\/strong> <strong>risk band from 1 to 5,<\/strong> and scenario analysis of expected losses.<\/li>\n<li><strong>Risk controls:<\/strong> <strong>SIFs limit sector exposure to 25% of NAV<\/strong> and prescribe <strong>issuer-wise and derivative exposure limits.<\/strong><\/li>\n<li><strong>Liquidity:<\/strong>\u00a0SIFs <strong>can be offered as open-ended or closed-ended investment products.\u00a0<\/strong><\/li>\n<li><strong>Distribution:<\/strong>\u00a0SIFs require distinct branding, and distributors <strong>must possess SEBI-mandated National Institute of Securities Markets (NISM) certification.<\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>News:\u00a0The newly introduced Specialised Investment Funds (SIFs) have crossed \u20b913,814 crore in assets under management (AUM) after the framework was introduced. About Specialised Investment Funds (SIFs) Specialised Investment Funds (SIFs) are pooled investment products that provide greater flexibility for managing advanced investment strategies. Introduced by: It is introduced by Securities and Exchange Board of India&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/specialised-investment-funds-sifs\/\">Continue reading <span class=\"screen-reader-text\">Specialised Investment Funds (SIFs)<\/span><\/a><\/p>\n","protected":false},"author":10401,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127,12039],"tags":[11872],"class_list":["post-366905","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","category-knolls","tag-9pm-daily-factly","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/366905","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10401"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=366905"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/366905\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=366905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=366905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=366905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}