New SIF Funds Raise ₹1,000 Cr: Is Your Money Ready?

A new type of SEBI-regulated fund called a Specialised Investment Fund (SIF) is gaining traction fast. It sits between mutual funds and PMS, with a ₹10 lakh minimum. Here's what Indian investors should understand before jumping in.

Here's what happened: SEBI introduced Specialised Investment Funds (SIFs) in 2025 as a new regulated category sitting between mutual funds and Portfolio Management Services (PMS).. SIFs can invest across fixed income, equity arbitrage strategies, REITs, and InvITs — giving fund managers more flexibility than standard mutual fund mandates allow.. At least one SIF has already crossed ₹1,000 crore in assets under management within roughly two months of launch, signalling strong appetite from HNI investors..

What you should do: Check your eligibility first — SIFs require a minimum ₹10 lakh investment per scheme, so confirm this fits your overall portfolio allocation before approaching a distributor.. Read the Scheme Information Document (SID) carefully for liquidity terms — unlike open-ended mutual funds, SIFs may restrict redemptions to specific windows or lock-in periods.. Compare the Total Expense Ratio (TER) of any SIF you are considering against equivalent mutual fund categories like balanced advantage funds or arbitrage funds before committing..

SIFs are SEBI-registered but not covered by AMFI's mutual fund investor grievance process — raise disputes directly through SEBI's SCORES portal if issues arise.

For readers weighing their credit and loan options, our personal loan guide and CIBIL score resources put this update in context.