₹10 L+ · New SEBI category, 2024
Specialised Investment Fund (SIF)
The new sweet spot between mutual funds and PMS
SIF is a brand-new SEBI category (launched 2024) sitting between mutual funds and PMS. ₹10 lakh minimum, pooled structure like MFs, but allows aggressive strategies and derivatives like PMS/AIFs.
Regulated by SEBI · New 2024 framework
Key facts
- Minimum investment
- ₹10 lakh
- Structure
- Pooled (units, like MF)
- Launched
- SEBI framework, 2024
- Strategies
- Long-short, derivatives, sectoral
What you get
Lower minimum than PMS
₹10 lakh entry — five times more accessible than PMS's ₹50 lakh threshold.
Aggressive strategies allowed
Long-short, sector concentration, derivatives, REITs, InvITs — much wider canvas than a regular mutual fund.
Pooled structure
You hold units like a mutual fund — no per-stock demat headache.
Daily / weekly NAV
More transparent than AIFs, more flexible than mutual funds.
Is this for you?
- Investors with ₹10–₹50 lakh who find PMS minimum too high
- Sophisticated investors seeking derivative-based and long-short strategies
- Those who want pooled-vehicle simplicity with PMS-like flexibility
- Long-term equity investors looking beyond plain mutual funds
Common questions about Specialised Investment Fund (SIF)
Risk & regulatory note
SIF strategies often use derivatives and concentrated positions and can be more volatile than mutual funds. Intended for sophisticated investors who understand market and strategy-specific risks.
Talk to an advisor about Specialised Investment Fund (SIF)
Free 30-minute consultation. No fees, no pressure. We answer your questions before you commit.