A Specialised Investment Fund (SIF) is a new investment structure introduced by SEBI effective April 1, 2025, allowing AMCs to offer strategy-focused schemes with greater portfolio flexibility.

Minimum Investment: ₹10,00,000.

SIFs are designed for investors who have outgrown traditional mutual fund structures but are not yet looking for a fully customised PMS. By offering greater flexibility in portfolio construction, SIFs allow fund managers to express conviction more meaningfully—while still operating within a SEBI-regulated framework.

They mark a structural shift toward intentional, strategy-led investing, where outcomes matter more than broad-market replication.

Unlike conventional mutual funds that follow broad diversification rules, SIFs enable:

• Focused exposure to specific themes, sectors, or investment styles

• Dynamic asset allocation based on market conditions

• Higher concentration where the strategy calls for conviction

• Clearer alignment between strategy intent and portfolio execution

This makes SIFs particularly effective during changing market cycles, where flexibility and timing play a critical role.

SIFs are suited for investors who:

• Understand market volatility and investment cycles

• Prefer strategy-driven portfolios over generic diversification

• Seek greater control over how capital is deployed

• Want professional management without moving into a full PMS structure

With a minimum investment of ₹10 lakh, SIFs sit comfortably between Mutual Funds and PMS in both structure and intent.

SIFs work best as satellite allocations alongside core mutual fund holdings or PMS strategies. They add:

• Tactical and thematic exposure

• Improved diversification beyond traditional MF portfolios

• The ability to participate in specialised ideas without overextending risk

At House of PMS, we assess SIFs based on:

• Strategy clarity and repeatability

• Fund manager experience and discipline

• Risk management frameworks

• Portfolio fit within your overall wealth plan

We recommend SIFs only where they genuinely enhance long-term portfolio outcomes—not as standalone bets or trend-driven products.