{"id":111282,"date":"2026-07-04T12:45:57","date_gmt":"2026-07-04T07:15:57","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=111282"},"modified":"2026-07-04T12:45:57","modified_gmt":"2026-07-04T07:15:57","slug":"specialised-investment-fund","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/specialised-investment-fund\/","title":{"rendered":"Specialised Investment Fund"},"content":{"rendered":"<h2><b>Specialised Investment Fund Latest News<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Recently, it was observed that the newly introduced Specialised Investment Funds (SIFs) have witnessed rapid adoption, with the category crossing Rs 13,814 crore in assets under management (AUM).\u00a0<\/span><\/p>\n<h2><b>About Specialised Investment Fund<\/b><\/h2>\n<ul>\n<li><span style=\"font-weight: 400;\">It is a new <\/span><b>investment product<\/b><span style=\"font-weight: 400;\"> introduced by <\/span><b>Securities and Exchange Board of India (SEBI).<\/b><\/li>\n<li><span style=\"font-weight: 400;\">It was introduced to bridge the gap between regular <\/span><b>mutual funds<\/b><span style=\"font-weight: 400;\"> and <\/span><b>high-ticket Portfolio Management Services (PMS).<\/b><\/li>\n<li><span style=\"font-weight: 400;\">This framework has been introduced through <\/span><b>amendments to the SEBI (Mutual Funds) Regulations, 1996.<\/b><\/li>\n<li aria-level=\"1\"><b>Minimum Investment<\/b>\n<ul>\n<li><span style=\"font-weight: 400;\">The minimum investment in a SIF <\/span><b>will be Rs 10 lakh per investor.<\/b><\/li>\n<li><span style=\"font-weight: 400;\">The fund house can offer a <\/span><b>systematic investment plan<\/b><span style=\"font-weight: 400;\"> (SIP) and <\/span><b>systematic withdrawal plan (SWP),<\/b><span style=\"font-weight: 400;\"> but it must comply with the minimum threshold amount.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">The SIF can be <\/span><b>open-ended, closed-ended, or interval-based<\/b><span style=\"font-weight: 400;\">.<\/span><\/li>\n<\/ul>\n<\/li>\n<li aria-level=\"1\"><b>Categories of Investment Strategy<\/b><\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>Equity-oriented strategies:<\/b><span style=\"font-weight: 400;\"> Such as <\/span><b>equity long-short funds<\/b><span style=\"font-weight: 400;\">, equity ex-top 100 long-short funds and sector rotation longshort funds.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>Debt-oriented strategies<\/b><span style=\"font-weight: 400;\">: Such as debt <\/span><b>long-short funds and sectoral debt long<\/b><span style=\"font-weight: 400;\">-short funds.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>Hybrid strategies:<\/b><span style=\"font-weight: 400;\">\u00a0 Like active asset <\/span><b>allocator long-short funds<\/b><span style=\"font-weight: 400;\"> and hybrid long-short funds. The current framework allows only one strategy per category per SIF.<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Eligibility Criteria for SIFs<\/b>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">The eligibility criteria for <\/span><b>Asset Management Companies<\/b><span style=\"font-weight: 400;\"> (AMCs) to establish an SIF include two routes:<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">The fund house must be in operation for three years at least and have average assets under management (AUM) of Rs <\/span><b>10,000 crore immediately<\/b><span style=\"font-weight: 400;\"> preceding the three years.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">The <\/span><b>alternative route<\/b><span style=\"font-weight: 400;\"> is that the AMC must appoint a chief investment officer (CIO) with at <\/span><b>least 10 years of experience<\/b><span style=\"font-weight: 400;\"> and managing assets of <\/span><b>Rs 5,000 crore or more<\/b><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><span style=\"font-weight: 400;\">The AMC must also have an <\/span><b>additional fund manager<\/b><span style=\"font-weight: 400;\"> and have at least three years of <\/span><b>experience managing an AUM of Rs 500 crore.<\/b><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><b>Source: <\/b><strong><a href=\"https:\/\/www.ptinews.com\/story\/business\/sebi-sees-encouraging-response-to-sifs-asset-base-grows-to-rs-13-500-cr-by-may-end\/3825596\" target=\"_blank\" rel=\"nofollow noopener\">PTI<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Specialised Investment Fund  is a new investment product introduced by Securities and Exchange Board of India (SEBI). Read more about Specialised Investment Fund, Definition, Objective, Criteria, Latest News.<\/p>\n","protected":false},"author":24,"featured_media":111268,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[8497],"class_list":{"0":"post-111282","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"tag-specialised-investment-fund","9":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/111282","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=111282"}],"version-history":[{"count":4,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/111282\/revisions"}],"predecessor-version":[{"id":111305,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/111282\/revisions\/111305"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/111268"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=111282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=111282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=111282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}