A new SEBI-regulated category bridging the gap between traditional mutual funds and Portfolio Management Services (PMS).
What is a Specialised Investment Fund?
Effective April 1, 2025, SEBI introduced Specialised Investment Funds (SIFs) — a new asset class designed for seasoned investors who want sophisticated strategies beyond what mutual funds offer, but with the regulatory transparency that PMS structures sometimes lack.
SIFs allow strategies such as long-short positions, sector rotation, dynamic asset allocation, derivatives and special situations — operating within SEBI's mutual fund framework but with greater portfolio flexibility.
Minimum investment: ₹10 lakh per investor (PAN level) per AMC
How SIFs compare to Mutual Funds, PMS and AIFs across key parameters.
Parameter
Mutual Funds
SIF
PMS
AIF
Minimum Investment
₹500
₹10 Lakh
₹50 Lakh
₹1 Crore
Regulation
SEBI MF
SEBI MF Framework
SEBI PMS
SEBI AIF
Strategy Flexibility
Limited (long-only)
High (long-short, derivatives)
High
Very High
Liquidity
Daily
Periodic (notice up to 15 days)
Moderate
Lock-in based
Transparency
High (NAV daily)
High (NAV based)
Moderate
Moderate
Ideal Investor
Retail
Seasoned / HNI
HNI
UHNI / Institutional
Why Consider SIFs?
Sophisticated Strategies
Long-short, arbitrage, special situations and derivative strategies under one roof.
SEBI Regulated
Operates within SEBI's mutual fund framework — transparent NAV-based pricing.
Accessible Threshold
₹10 lakh minimum — far more accessible than traditional PMS or AIF structures.
Portfolio Flexibility
Dynamic asset allocation and sectoral rotation for differentiated risk-adjusted returns.
SIFs are best suited for experienced and high-net-worth investors comfortable with volatility and reduced liquidity. Talk to Silicon One to evaluate if SIFs fit your portfolio.
