The Securities and Exchange Board of India (SEBI) has introduced Specialised Investment Funds (SIFs) , a new asset class designed to bridge the gap between traditional mutual funds and Portfolio Management Services (PMS). This initiative aims to provide sophisticated investors with more personalized and flexible investment options, accommodating higher risk appetites and diverse strategies. Key Features of SIFs: Minimum Investment Requirement: Investors must commit a minimum of ₹10 lakh to participate in SIFs, positioning them between mutual funds and PMS in terms of accessibility and investment scale. Flexible Investment Strategies: SIFs offer fund managers the latitude to employ a broad spectrum of investment strategies, ranging from equity to debt instruments, and including complex approaches like long-short equity positions. This flexibility enables managers to tailor portfolios to specific investor needs and market conditions. Regulatory Oversight and Restrictions: While SIFs p...
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