SIF Investment
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Benefits of Investing in SIF with Anand Rathi
Access to SEBI-Regulated SIFs
Invest in SIFs offered by registered fund houses within a regulated framework.
Professional Guidance & Product Suitability
Get assistance in understanding SIF structures, risks, and suitability based on your profile
Curated SIF Options
Explore a selected range of SIF strategies across asset classes and risk profiles.
Smooth Onboarding & Documentation Support
Receive end-to-end support for KYC, mandates, and regulatory documentation.
Transparent Information & Disclosures
Get clarity on product features, risks, and disclosures to support informed decisions.
Ongoing Service & Portfolio Support
Get help with reporting, statements, and operational queries post-investment.
What Are Specialized Investment Funds (SIFs)?
Specialized Investment Fund (SIF) is a new asset class, with its regulatory framework effective from April 1, 2025, that aims to bridge the gap between MFs and PMS/AIFs.
SIFs give fund managers more flexibility than traditional investment options, while still operating within a regulated framework. This allows them to use differentiated strategies that help manage risk and protect investors.
The range of investment products with varying risk-reward profiles is more intended towards high-risk appetite investors, HNIs, family offices and institutions, and accredited investors (for definition, please refer SID - Scheme Information Document).
Key Characteristics of Specialized Investment Funds
Minimum Investment
SIFs have a minimum investment requirement of ₹10 lakhs, which is lower than the minimum thresholds of ₹50 lakhs for PMS and ₹1 crore for AIF. For accredited investors, the minimum amount is ₹1 lakh.
Taxation
The taxation is the same as mutual funds.
Investment Flexibility
Fund managers have additional tools via derivative instruments to have 25% naked short exposure.
Investment Strategies
The product gives exposure to strategies like long-short, which isn’t available in current mutual fund schemes.
Regulatory Oversight
While offering more flexibility than mutual funds, SIFs still fall under SEBI regulation,s ensuring investor protection.
Bridging the Gap
SIFs aim to provide a middle ground between the standardized approach of mutual funds and PMS/AIF.
How To Invest In SIF With Anand Rathi?
Get Started
Fill in the enquiry form or click on Contact Us to express your interest in SIF investments.
Connect with us
Our team will get in touch to understand your goals, risk appetite, and eligibility.
Complete KYC & Documentation
Finish the required KYC and regulatory formalities as per SEBI guidelines.
Choose the SIF Strategy
Based on your profile, you'll be guided to suitable Specialized Investment Fund strategies.
Fund Your Investment
Invest via bank transfer or approved payment modes after mandate setup.
Track & Monitor Performance
Receive regular portfolio updates, reports, and dedicated support post-investment.
Specialized Investment Funds vs Mutual Funds vs PMS vs AIF
| Feature | SIF | MF | Portfolio Management Services (PMS) | Alternative Investment Funds (AIFs) |
|---|---|---|---|---|
| Minimum Investment | ₹10 lakh | ₹100 onwards (varies by scheme) | ₹50 lakh+ | ₹1 crore (₹10 lakh for employees/directors) |
| Target Investors | HNIs & sophisticated investors | Retail & institutional investors | HNIs & UHNIs | HNIs, UHNIs & institutional investors |
| Investment Structure | Pooled at the scheme level | Pooled at the scheme level | Individually managed portfolios | Pooled at the fund level |
| Customisation | No (same strategy for all investors) | No | Yes (client-specific) | No |
| Use of Derivatives | Allowed within SEBI limits | Limited | Allowed | Allowed |
| Liquidity | Scheme-dependent | Generally high | Limited | Limited |
| SEBI Regulation | Yes | Yes | Yes | Yes |
| Taxation | Equity - 12.5% (LTCG after 12 months). Debt - slab rates (irrespective of holding period) Other - Tax depends on equity/debt allocation | Same as SIF | Equity - 12.5% (LTCG after 12 months) and 20% (STCG). Debt - Slab rates (irrespective of holding period). Dividend income - Added back to income and taxed as per slab rates. | Cat I and II AIFs are taxed at the investor's hands, and Cat III AIF are taxed at the fund level. |
Types of SIF Investment Strategies
Equity SIF Funds
Debt SIF Investment Funds
Hybrid / Multi-Asset SIF Funds
Debt Long Short Fund
Sectoral Debt Long Short Fund
FAQs
The minimum aggregated investment required is ₹10 lakh per PAN across all strategies of the SIF. Post this, investments can be made via SIP, STP, or SWP, subject to scheme terms.
Any individual or non-individual investor can invest, subject to meeting the ₹10 lakh minimum per PAN, unless exempted as an accredited investor.
Yes. Unless restricted in the SID, SIFs follow standard MF practices for accepting NRI investments, including from the USA/Canada.
Yes. Minors can invest through a guardian, and all eligibility and threshold requirements apply based on the guardian’s PAN.
No. The initial investment must be a minimum lump sum of ₹10 lakh. SIPs can be added only after meeting this threshold.
Yes. Accredited investors are exempt from the ₹10 lakh minimum investment requirement.
The horizon depends on strategy and risk appetite. Generally, 2+ years for short-term, 2–5 years for medium-term, and 5+ years for long-term goals.
Investors with a higher risk appetite seeking diversification beyond traditional MFs and exposure to differentiated strategies may consider SIFs.
Taxation follows MF rules based on equity allocation. Equity strategies attract LTCG and STCG as applicable, while debt strategies are taxed as per slab rates. No tax is levied at the fund level.
SIFs invest in equity, debt, or hybrid instruments based on strategy, with permitted use of derivatives for return enhancement and risk management.
No. STPs are allowed only within different strategies of the same SIF, not between MF and SIF products.
Risks vary by strategy and include market volatility, liquidity risk, credit risk, and derivative-related risks. Equity strategies carry higher risk than debt or hybrid strategies.
A Specialised Investment Fund (SIF) is an investment strategy launched under a Mutual Fund trust. A registered MF can set up an SIF either through a strong track record or via experienced fund management personnel, as per SEBI eligibility routes.
SIF strategies are classified into Equity, Debt, and Hybrid categories, spread across seven SEBI-defined subcategories. These include long-short and active allocation strategies within each category.
Subscription and redemption frequencies may differ by strategy and are defined in the offer document.
Portfolios are disclosed every alternate month, while NAVs are disclosed daily by 11:00 PM on the business day.
Yes. SIF strategies can be open-ended, closed-ended, or interval-based. The subscription and redemption frequency is decided by the AMC and disclosed in the offer document.
Yes. SIFs can use exchange-traded derivatives for hedging, portfolio rebalancing, and unhedged short exposure, which is capped at 25% of net assets.
Yes. Listing on a recognised stock exchange is mandatory for all close-ended and interval SIF strategies.
Unhedged derivative exposure is capped at 25% of net assets. Hedging and rebalancing positions are excluded from this limit.
Yes, but only for the same security and same expiry, subject to SEBI’s prescribed offset rules for futures and options.
Units are frozen for redemption, and the investor gets 30 days to rebalance. If not complied with, units are automatically redeemed at the applicable NAV after the notice period.
Partial redemptions are not allowed if the investment falls below ₹10 lakh. Inflows are permitted, but only full redemption is allowed.
Yes. Non-commercial processes like name change, POA registration, and transmission follow the same process as mutual funds.
Non-accredited investors can start SIPs only after meeting the ₹10 lakh lump sum requirement. Accredited investors follow SID-specific rules.
Yes. AMCs may impose a notice period of up to 15 working days, which must be disclosed in the offer document. NAV applies at the end of the notice period.
Risk Band is a five-level risk indicator (Lowest to Highest) assigned at launch. AMCs must update and disclose it monthly and annually as per SEBI norms.
In extraordinary situations, AMCs may use side-pocketing, redemption gates, or temporary suspension, strictly in line with SEBI guidelines.
Yes. Across all strategies, unhedged short exposure is capped at 25% of net assets.
To avoid proliferation, an AMC can launch only one strategy per category under SIF.
Each strategy follows a single-tier benchmark aligned to its objective. An optional second-tier benchmark may be disclosed.
Exposure is calculated using contract value for futures and market value or premium for options, as prescribed by SEBI.