Long-short equity, debt and hybrid strategies from eligible fund houses — with a ₹10 lakh minimum, bridging the gap between mutual funds and PMS. Access SIFs through Money n Wealth, Pune.
A Specialised Investment Fund (SIF) is a SEBI-regulated investment product launched under the mutual fund framework for investors who want more sophisticated strategies than a regular mutual fund can offer. SIFs can take short positions through derivatives — up to 25% of net assets on an unhedged basis — so the fund manager can try to protect the portfolio in falling markets or profit from negative views.
Only fund houses meeting SEBI's track-record or fund-manager-experience criteria can launch a SIF, and each SIF must carry its own brand, distinct from the sponsor's mutual fund. Since launch, SIFs have attracted thousands of crores of investor money across a growing number of strategies.
Across all strategies of a SIF at PAN level — a fifth of the PMS minimum.
Up to 25% unhedged short exposure via derivatives.
Mutual-fund-style governance, disclosures and risk-band labelling.
Invests mainly in equity with the ability to take limited short positions through derivatives to manage downside or express negative views.
Focuses on companies outside the top 100 by market capitalisation (mid and small caps), with limited short exposure.
Rotates across a limited number of sectors based on the manager's view, going long on preferred sectors and short on others.
Invests across debt instruments and can take short positions through interest-rate derivatives to manage duration risk.
Concentrates on debt of selected sectors, with limited short exposure via derivatives.
Moves dynamically across equity, debt, REITs/InvITs and commodity derivatives, with limited short exposure.
Combines equity and debt with long-short techniques, typically aiming for smoother, lower-volatility returns.
| Feature | Mutual Fund | SIF | PMS |
|---|---|---|---|
| Minimum investment | ₹100–₹500 SIP / ₹1,000+ lump sum | ₹10 lakh (PAN level, across strategies) | ₹50 lakh |
| Short selling / unhedged derivatives | Not allowed (hedging only) | Up to 25% of net assets unhedged short | Limited, as per SEBI PMS rules |
| Ownership | Units of a pooled fund | Units of a pooled fund | Stocks held in your own demat |
| Liquidity | Mostly daily | Daily to periodic, as per the strategy's ISID | Typically T+ few days, exit loads may apply |
| Regulator & structure | SEBI – Mutual Fund Regulations | SEBI – under the Mutual Fund framework, separate brand | SEBI – Portfolio Managers Regulations |
| Taxation | Mutual fund rules | Generally mutual fund rules, by equity allocation | Every trade taxed in your hands |
Each strategy defines its own subscription and redemption frequency — some offer daily liquidity while others allow redemptions weekly or less often, sometimes with a notice period. Always read the Investment Strategy Information Document (ISID) before investing.
If your holding falls below ₹10 lakh because of your own redemption, the AMC can require you to top up or redeem the balance. A fall caused purely by market movement does not count as a breach. Accredited investors are exempt from the minimum.
Money n Wealth distributes SIFs as an AMFI-registered mutual fund distributor (ARN-121995) holding the SEBI-mandated certification for SIF distribution. We help you compare SIF strategies with your existing mutual funds and PMS so a SIF is added only where it genuinely fits.
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Our process
We explain each SIF strategy in plain language — what it holds, how it hedges and when it can underperform.
Side-by-side view of costs, liquidity, minimums and taxation to see if a SIF fits at all.
Onboarding through a distributor certified for SIF distribution as required by SEBI.
Track how the strategy behaves across market phases and review it alongside your portfolio.
FAQs
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Learn moreFree, no-obligation consultation with the Money n Wealth team in Thergaon, Pune — or online from anywhere in India. Leave your number and we'll call you back within one working day.
Money n Wealth is a brand of Predics Fintech Services Pvt Ltd — AMFI-registered Mutual Fund Distributor (ARN-121995) and APMI-registered PMS Distributor (APRN-07444). We are not a SEBI-registered Investment Adviser or Research Analyst; content on this page is for information and education. Mutual fund, SIF, PMS and AIF investments are subject to market risks — read all scheme and offer documents carefully before investing.