Specialised Investment Funds (SIF)
Specialised Investment Funds are a newer category of investment vehicle, positioned between traditional mutual funds and Alternative Investment Funds. They offer more flexible, strategy-driven mandates while still operating within a regulated fund structure.
SIFs suit investors looking for differentiated strategies and more active positioning than a conventional mutual fund allows, without stepping fully into the higher minimums and longer lock-ins typical of AIFs.
Pick your fit
Types of SIF
Strategy-Driven SIF
Follows a defined, active investment mandate that can flex across asset classes and market conditions.
Suited for investors who want more active positioning than a conventional mutual fund offers.
Hybrid-Structured SIF
Blends elements of traditional fund structures with more flexible, alternative-style strategies.
Suited for investors seeking a bridge between mutual fund simplicity and AIF-style flexibility.
Risk-Managed SIF
Built around defined risk parameters and guardrails, while still allowing for tactical positioning.
Suited for investors who want differentiated strategies with a more controlled risk envelope.
How they stack up
SIF vs Mutual Funds vs AIF
| Factor | SIF | Mutual Funds | AIF |
|---|---|---|---|
| Structure | Regulated fund structure with more flexible mandates than mutual funds | Regulated, pooled fund structure with standard mandates | Privately pooled vehicle with wide strategy latitude |
| Minimum Investment | Moderate — higher than mutual funds, lower than most AIFs | Low — accessible with small, regular amounts | High, as mandated by regulation |
| Strategy Flexibility | Moderate to high — more active positioning within a regulated structure | Low — follows a defined, conventional mandate | Very high — spans private markets and complex strategies |
| Liquidity | Moderate — may carry defined redemption windows | High — most funds can be redeemed in a few days | Low — capital typically locked in for years |
| Risk Level | Market-linked, with strategy-dependent variation | Low to high, depending on fund category | High, and varies significantly by category |
The bigger picture
What sets SIFs apart
Middle Ground
SIFs sit between mutual funds and AIFs in structure and flexibility
Regulated
Operate within a regulated fund framework, unlike private AIF vehicles
Flexible Mandates
Can take more active, strategy-driven positions than conventional funds
Newer Category
A relatively recent addition to India's fund landscape
Characteristics reflect how SIFs are typically structured and regulated in India.
Why it matters
A structured step beyond conventional funds
For investors who find mutual fund mandates too rigid but aren't ready for the scale and illiquidity of AIFs, SIFs offer a regulated, structured way to access more active, differentiated strategies.
It's a practical next step for portfolios that have outgrown the basics and are looking for more tailored positioning without leaving the comfort of a regulated fund structure.
Common questions
Frequently asked questions
SIFs operate within a regulated fund structure like mutual funds, but with more flexible, strategy-driven mandates — allowing more active positioning than a conventional mutual fund typically permits.
Getting started
How to invest in a SIF through Prospire
Step 1
Consultation
Discuss your goals and appetite for more active, strategy-driven investing.
Step 2
Strategy selection
We shortlist SIF strategies suited to your risk profile and horizon.
Step 3
Onboarding & documentation
Complete KYC and fund documentation to set up your account.
Step 4
Start investing
Your investment is deployed as per the fund's stated strategy.
Mutual Fund investments are subject to market risks. Please read all scheme related documents carefully before investing.
Ready for a more structured strategy?
Talk to an expert about whether a SIF fits your portfolio.
Start a conversation
Let’s make your next financial move a considered one.
Whether you’re investing for a goal or reviewing your existing portfolio, our team is ready to listen.
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