SEBI Regulated · Min ₹10 Lakhs · Accredited Investors
Specialized Investment Funds (SIF)
A new asset class built for sophisticated investors. SIF sits between Mutual Funds and AIFs — offering flexible, research-driven strategies across equity, debt, and hybrid mandates with a significantly lower entry barrier than traditional alternatives.
Introduced by SEBI in 2025, Specialized Investment Funds are a breakthrough product — combining the regulatory safety of mutual funds with the strategy flexibility of alternative investments.
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Regulated Yet Flexible
SIF operates within SEBI's regulated framework like mutual funds, but allows fund managers to deploy strategies previously reserved for AIFs — including short selling, derivatives, and concentrated sector bets.
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Diverse Strategy Universe
SIF can run equity long-short, sectoral, thematic, debt, hybrid, or inverse/hedged strategies — all under a single SEBI-regulated fund structure. Multiple mandates in one framework.
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Lower Entry than AIFs
Unlike Category II or III AIFs requiring ₹1 Crore minimum, SIF is accessible to accredited investors from ₹10 Lakhs — bringing sophisticated strategies to a broader base of serious investors.
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Long-Short Capability
SIF fund managers can take both long and short positions in equities and derivatives — enabling profit potential in falling markets and true portfolio hedging unavailable in standard mutual funds.
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Full Regulatory Oversight
Every SIF is registered with SEBI, operates under a defined investment mandate, and publishes regular NAV and portfolio disclosures. Investor protection is fully maintained throughout.
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Accredited Investor Access
SIF is available exclusively to SEBI-accredited investors — individuals with a net worth of ₹7.5 Crore or annual income exceeding ₹1 Crore. We help you check eligibility and complete accreditation.
SIF Strategy Types
Choose a Strategy Built for Your Goals
SIF offers three broad strategy categories, each designed for a distinct market outlook and investment objective. Our advisors help you select the right mandate.
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Equity Strategies
Includes equity long-short funds, sectoral concentration funds, thematic exposure funds, and inverse equity strategies. SIF managers can take short positions and use derivatives — tools unavailable in regular mutual funds. Best for investors seeking alpha beyond traditional long-only equity.
Active Alpha Generation
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Debt Strategies
SIF debt mandates can invest in below-investment-grade bonds, unrated instruments, and structured credit — offering higher yield potential than conventional debt mutual funds. Ideal for investors seeking fixed-income returns with enhanced yield, and who understand the associated credit risk.
Enhanced Yield Potential
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Hybrid & Hedged Strategies
Combines equity and debt with active hedging overlays. These strategies use derivatives to limit downside exposure while maintaining equity participation — a sophisticated approach to risk-adjusted return generation across market cycles.
Risk-Adjusted Returns
Why Choose SIF
SIF vs Mutual Funds & AIFs — The Middle Ground
SIF fills the gap between conventional mutual funds and high-barrier alternative investment funds. It gives accredited investors access to institutional-grade strategies at a fraction of the AIF minimum.
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Short Selling PermittedUnlike mutual funds, SIF managers can short stocks — enabling profit in bear markets and true portfolio hedging.
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Lower Bar than AIFAIF requires ₹1 Crore minimum. SIF opens the same strategy universe from ₹10 Lakhs for accredited investors.
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Concentrated Sector BetsSIF allows higher concentration in specific sectors than MF norms permit — enabling high-conviction thematic strategies.
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SEBI Protection MaintainedUnlike unregulated products, SIF retains all mutual fund regulatory safeguards — custodian, trustee, and SEBI oversight.
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Credit Flexibility in DebtSIF debt funds can target higher-yield, sub-investment-grade credit — unavailable in SEBI's standard mutual fund framework.
SIF vs Mutual Fund vs AIF — At a Glance
Feature
Mutual Fund
SIF
Min. Investment
₹500 SIP
₹10 Lakhs
Short Selling
Not Allowed
Allowed
Derivatives Usage
Limited (hedging)
Flexible
Below-Grade Debt
Restricted
Permitted
Sectoral Concentration
Capped at 25%
Higher allowed
SEBI Regulated
Yes
Yes
Investor Type
All retail
Accredited only
Inverse / Hedged Funds
No
Yes
Transparency / Disclosures
Regular NAV
Regular NAV
The Process
Getting Started — 4 Simple Steps
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Accreditation Check
Our advisor confirms your eligibility as a SEBI-accredited investor (net worth ₹7.5Cr+ or income ₹1Cr+ p.a.) and walks you through the accreditation process if not yet completed.
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Strategy Selection
Based on your risk appetite, return expectations, and market outlook, we recommend the most suitable SIF strategy — equity, debt, hybrid, or hedged mandate.
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KYC & Onboarding
We complete all documentation — SID review, KYC verification, accreditor certificate, and fund subscription form — in a seamless, fully guided process.
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Investment Activated
Units are allotted post fund transfer. You receive login access to the fund portal, a welcome call from your dedicated relationship manager, and regular performance updates.
Is SIF Right for You?
Designed for Accredited Investors
SIF is not for everyone — SEBI mandates it exclusively for accredited investors. But for the right investor, it opens an entirely new universe of strategies. Here's who benefits most.
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Active Equity Investors
If you actively track markets and want exposure to long-short or sector-concentrated equity strategies, SIF gives you tools only institutional desks previously had access to.
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HNIs Seeking Alternatives
Already invested in MFs and PMS? SIF is the logical next step — offering access to strategies that are genuinely uncorrelated to your existing equity portfolio.
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Business Owners
Hedge your business cycle risk with a SIF strategy that can go short on sectors correlated to your business — something no conventional mutual fund can offer.
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AIF Graduates
Familiar with alternative investments but want a more liquid, lower-minimum product? SIF delivers similar strategy flexibility under a more accessible SEBI-regulated framework.
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Bear-Market Hedgers
Worried about prolonged market downturns? SIF's inverse and hedged strategies are specifically designed to preserve or grow capital even in declining equity markets.
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NRIs & Diaspora Investors
Invest in India's growth with sophisticated, actively managed strategies. NRIs meeting accreditation criteria can access SIF through NRE/NRO accounts under FEMA guidelines.
₹500Cr+AUM Under Advisory
200+HNI Clients Served
10+Years of Expertise
4.9★Client Satisfaction
Client Stories
What Our SIF Clients Have to Say
"
I've been in PMS for years, but SIF opened up a completely different dimension. Being able to run a long-short equity strategy within a regulated mutual fund structure — with Amyra guiding every step — has genuinely changed how I protect and grow my portfolio.
R
★★★★★
Rohit Mehra
Founder, IT Services Firm, Noida
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I was sceptical about SIF initially — a new product always raises questions. But Amyra's team explained the regulatory framework clearly, helped me with accreditation, and matched me to a hybrid strategy that suits my retirement timeline perfectly. Very impressed.
S
★★★★★
Sunita Kapoor
Retired CFO, Delhi
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As an NRI, getting access to a SEBI-regulated long-short fund from Singapore felt too good to be true. Amyra made it seamless — accreditation, NRE account setup, fund subscription, everything. The transparency and regular updates are exceptional.
A
★★★★★
Arjun Nair
NRI Investor, Singapore
Get Started
Begin Your SIF Journey Today
Talk to our SIF advisor at no cost, no obligation. We'll confirm your accreditation eligibility, match you to the right strategy, and walk you through everything — completely free and completely confidential.
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Call Us
+91 8920746260
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Email
info@amyrasecurities.com
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Office
House No. A4, Second Floor, Chottey Lal Park, Pro ultimate gym building, Najafgarh road, Ramesh nagar, New Delhi – 110015 (Landmark: Metro Pillar 340)
Centricity, 1105, 11th Floor, Antriksh Bhawan, K G Marg, Delhi – 110001
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Hours
Mon – Sat: 9:00 AM – 6:00 PM
Common Questions
Frequently Asked Questions
A Specialized Investment Fund (SIF) is a new SEBI-regulated investment product introduced in 2025 that sits between mutual funds and Alternative Investment Funds (AIFs). SIF offers sophisticated investment strategies — including equity long-short, sectoral concentration, and below-investment-grade debt — while retaining the regulatory safeguards of the mutual fund framework.
SIF is available exclusively to SEBI-accredited investors. To qualify as an accredited investor, an individual must have a net worth of at least ₹7.5 Crore, or an annual income exceeding ₹1 Crore (or a combination thereof as per SEBI norms). We help you determine and complete accreditation at no cost as part of our onboarding process.
The minimum investment in a Specialized Investment Fund is ₹10 Lakhs per investor per scheme, as prescribed by SEBI. This is significantly lower than the ₹1 Crore minimum required for Alternative Investment Funds (AIFs), making SIF more accessible to a broader group of accredited investors.
SIF operates within the mutual fund regulatory framework but with significantly expanded strategy flexibility. Unlike standard mutual funds, SIF can take short positions, use derivatives more liberally, invest in below-investment-grade debt, and run highly concentrated sector bets. However, like mutual funds, SIF is fully SEBI-regulated with mandatory NAV disclosures, custodian oversight, and investor protections.
Both SIF and AIF target sophisticated investors and allow advanced strategies. The key difference is the regulatory framework and minimum investment: SIF is governed by SEBI's mutual fund regulations (higher oversight, mandatory NAV disclosure) with a ₹10 Lakh minimum, while AIFs are governed by SEBI's AIF Regulations with a ₹1 Crore minimum and less frequent disclosure requirements. SIF offers more liquidity and transparency than most AIF categories.
SEBI permits SIF to offer equity long-short strategies, sectoral and thematic concentrated equity funds, inverse equity strategies, below-investment-grade debt funds, and hybrid strategies combining equity with active hedging overlays. This allows investors to access genuinely differentiated mandates within a single regulated structure.
Yes, NRIs who meet the SEBI accreditation criteria can invest in SIF through their NRE/NRO accounts, subject to FEMA regulations. Amyra Securities has a dedicated process for NRI investors including accreditation guidance, documentation support, and advice on repatriation and tax implications specific to the SIF structure.
SEBI Regulated Specialized Investment Funds | Specialized Investment Funds (SIF) are subject to market risks. SIF is available exclusively to SEBI-accredited investors with a minimum investment of ₹10 Lakhs per scheme. Investments in securities are subject to market risks; past performance is not indicative of future results. SIF is not a guaranteed return product. Please read the Scheme Information Document (SID), Statement of Additional Information (SAI), and all scheme-related documents carefully before investing. Amyra Securities acts as a distributor/facilitator for SEBI-registered SIF schemes. This communication is for informational purposes only and does not constitute investment advice.
