What this is
Specialized Investment Funds (SIFs) are SEBI's newest investment vehicle, launched in 2024. They bridge the gap between mutual funds (₹100 minimum, broad strategies) and PMS (₹50 lakh minimum, fully custom mandates). With a ₹10 lakh minimum investment and a wider toolkit — derivatives, short positions, sectoral concentration — SIFs bring PMS-style sophistication to a much wider audience.
- Minimum investment ₹10 lakhs as per SEBI norms
- Long-short, sectoral, multi-asset and absolute-return strategies
- Pooled vehicle structure — easier to enter and exit than PMS
- Higher TER than mutual funds, lower than PMS performance fees
- Curated SIF launches from established AMCs only
Available SIF options
Live from AdvisorKhoj. We add a fund here once it's approved by SEBI and we've reviewed the manager's track record.
Live SIF options18
Refreshed daily · Regular Plans only
Edelweiss Mutual Fund SIF
· 1 scheme
Aditya Birla Sun Life Mutual Fund SIF
· 1 scheme
Bandhan Mutual Fund SIF
· 2 schemes
ITI Mutual Fund SIF
· 1 scheme
360 ONE Mutual Fund SIF
· 2 schemes
ICICI Prudential Mutual Fund SIF
· 2 schemes
SBI Mutual Fund SIF
· 1 scheme
Quant Mutual Fund SIF
· 4 schemes
Franklin Templeton Mutual Fund SIF
· 1 scheme
Tata Mutual Fund SIF
· 1 scheme
The Wealth Company Mutual Fund SIF
· 2 schemesFAQ
- How is a SIF different from a mutual fund?
- Mutual funds are tightly regulated on concentration, derivatives use, and short positions. SIFs operate under a more flexible mandate — allowing strategies like long-short equity, sector rotation, and use of derivatives for alpha (not just hedging) — but they require a higher minimum.
- How is a SIF different from PMS?
- PMS gives you direct ownership of stocks in your demat with a fully custom strategy. SIFs are pooled — you own units of the fund. SIFs have a lower minimum (₹10L vs ₹50L for PMS) and lower fees, but less customisation.
- When were SIFs introduced?
- SEBI notified the Specialized Investment Fund framework in 2024. The first SIF launches began rolling out in 2025; our team curates only those with strong manager track records.
- How are SIFs taxed?
- Tax treatment depends on the underlying asset mix — equity-oriented SIFs (≥65% equity) are taxed like equity mutual funds; debt-oriented SIFs are taxed at slab rate. We'll model the after-tax outcome for your specific situation.