Specialised Investment Funds (SIFs) have recently become the talk of the town among India’s investor community. Introduced by SEBI in February 2025, SIFs are positioned as a bridge between mutual funds and portfolio management services (PMS), offering flexibility in strategies such as long-short equity and derivative-based positioning. Targeted primarily at sophisticated and high-net-worth investors, they allow fund managers to deploy complex strategies while maintaining SEBI oversight. Advertisement

Several mutual fund houses are now venturing into this space. Quant Mutual Fund became the first to launch an SIF — the QSIF Equity Long-Short Fund — in September 2025. Edelweiss Mutual Fund plans to roll out India’s first hybrid long-short SIF, while SBI Mutual Fund and Tata Mutual Fund hav

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