27 SIF funds. 5 categories. 13 AMCs.
The question isn't "should I invest in SIF?" It's "which SIF is right for me?"
Here's the framework we use at AND Fintech to score and rank every live SIF - and how you can apply it yourself.
Why You Can't Use Regular MF Selection Logic
The standard mutual fund selection framework - look at 3-year and 5-year returns, check Sharpe ratio, compare to benchmark - doesn't work for SIF.
Reason: Most SIFs are less than 12 months old. There is no 3-year track record. The oldest fund (Magnum Hybrid, SBI MF) launched in September 2025.
You're selecting based on: fund manager track record in related strategies, strategy clarity and design, AMC capability, structure and costs, tax efficiency, and liquidity design.
We've formalised this into a 6-point scoring framework - the AND Fintech Recommendation system.
Point 1: Fund Vintage (15% weight)
How long has this fund been running?
A fund with 8 months of history gives you limited but real data. A fund that just completed NFO gives you nothing beyond the stated strategy.
Score: 0–5. Maximum score at 12+ months. Zero for NFO funds.
Point 2: Since-Inception Return (30% weight)
The highest weighted factor - because despite the short history, actual returns tell you something.
The Nifty 50 is down 4.12% over the last 12 months. A fund that has returned +3% in the same period has done something right.
Score: 0–5. Based on return relative to category peers and benchmark.
Point 3: Consistency Bonus (10% weight)
A fund that returns 5% with steady monthly progress is better than one that returned 5% via a single lucky month and then went flat.
Score: 0 - 5. Whether 3M return corroborates the since-inception trend and absence of large single-month drawdowns.
Point 4: Expense Ratio (10% weight)
TER directly reduces your returns. Every basis point counts over 5+ years.
Current range across SIFs:
• Lowest: 1.40% (Mirae Asset Platinum Hybrid)
• Highest: 2.47% (WSIF funds - new AMC)
• Most funds: 1.45 - 1.60%
The TER difference between 1.40% and 2.47% is 107 basis points annually. On ₹25 lakh over 5 years: ₹1.34 lakh difference in costs alone.
Score: 0–5. Lower TER scores higher. Above 2.0% scores significantly lower.
Point 5: Strategy Clarity (10% weight)
Can you explain this fund's strategy in one sentence?
If the fund manager can't explain the strategy simply, it's harder to evaluate execution. And harder to know when the fund is behaving as expected vs going off-mandate.
Score: 1–5. Based on clarity of ISID strategy description, benchmark alignment, and fund manager track record in stated approach.
Point 6: Tax Efficiency (15% weight) + Liquidity (10% weight)
Tax efficiency: Group A funds (20% STCG, ₹1.25L exempt) score 5/5. Group B funds score 3/5.
Liquidity: Daily open-ended funds score 5/5. Weekly interval funds score 4/5. Fortnightly scores 3/5. Monthly or longer scores 1/5.
Liquidity matters because annual tax harvesting requires ability to redeem and reinvest, and life circumstances change.
The AND Fintech Recommendation
Applying all 6 factors, we score and rank every SIF on our live dashboard. Top-scoring funds are tagged "AND Fintech Recommended" - not because they're the safest, but because they represent the best combination of the 6 factors currently available.
This scoring updates monthly as new NAV data becomes available, factsheets are published, and TERs change.
See the live rankings: https://andfintech.in/sif
Dwipa Shah | AND Fintech |
NISM Certified: Series 5A (MF) · Series 21A (PMS) · Series 19A (AIF) · Series XIII (SIF)
ARN-301536 | https://andfintech.in/sif