AND Fintech · SEBI Regulated · NISM Series XIII Certified

Best SIF Funds in India 2026
Compare All 29 Specialised Investment Funds incl. Live NFOs

Side-by-side comparison of every SEBI-regulated SIF in India - live NAV, returns, expense ratio, tax treatment, and AND Fintech's distributor scorecard. Minimum ₹10 Lakhs. NISM Series XIII certified.

27
2
15
5
₹13,182 Cr
₹10L
NISM Series XIII AND Fintech is among fewer than 600 NISM-certified SIF distributors in India - authorised to distribute Specialized Investment Funds under SEBI regulations. ARN-301536 APRN05170

AND Fintech Recommendation - SIF Scorecard

29 SIF funds · Sort by 3M Return
Compare Exit Load · Tax Group · Expense Ratio

Hybrid Long-Short

Fund 3M Return ▼ Since Inception NAV Expense Ratio (BER) Exit Load Tax Group Redemption Frequency
Altiva Hybrid L/S
Edelweiss MF · Oct 2025
 +2.7% +7.0% ₹10.7000 1.4% 0.5% Till 90 Days Group B Twice a week Enquire
qsif Hybrid L/S
Quant MF · Nov 2025
 +2.5% +4.2% ₹10.4000 1.9% 1% Till 15 Days Group B Twice a week Enquire
Magnum Hybrid L/S
SBI MF · Nov 2025
 +2.2% +3.2% ₹10.4000 1.0% 0.5% Till 15 Days / 0.25% After 15 Days Till 1 Month Group A Fortnightly Enquire
iSIF Hybrid L/S
ICICI Prudential · Nov 2025
 +1.8% +1.0% ₹10.1000 2.0% 1% Till 12 Months Group A Open-ended - any day Enquire
Titanium Hybrid L/S
Tata MF · Nov 2025
 +1.6% +0.6% ₹10.1000 2.1% 1% Till 1 Year Group B Twice a week Enquire
Apex Hybrid L/S
Aditya Birla SL MF · Mar 2026
 +1.5% +2.0% ₹10.2000 1.4% 0.5% Till 90 Days Group B Interval - fortnightly Enquire
Arudha Hybrid L/S
Bandhan MF · Nov 2025
 +1.0% +2.0% ₹10.2000 0.6% Nil Group B Twice a week Enquire
Platinum Hybrid L/S
Mirae Asset MF · Mar 2026
 - +0.8% ₹10.1000 1.4% 1% Till 90 Days Group A Weekly Enquire
RedHex Hybrid L/S
HSBC MF · Jun 2026
 - - ₹10.0000 1.5% 2% Till 1 Year Group B Weekly (10-day notice period) Enquire
Jio BR Prism Hybrid L/S NFO
Jio BlackRock MF · Jul 2026
 - - ₹10.0000 - TBC Group B Twice a week (Mon & Wed) Enquire

Equity Long-Short

Fund 3M Return ▼ Since Inception NAV Expense Ratio (BER) Exit Load Tax Group Redemption Frequency
qsif Equity L/S
Quant MF · Nov 2025
 +9.4% +4.5% ₹10.5000 2.1% 1% Till 15 Days Group A Open-ended - any day Enquire
DynaSIF Equity L/S
360 ONE Asset · Nov 2025
 +3.3% +4.5% ₹10.5000 2.1% 0.5% Till 3 Months Group A Open-ended - any day Enquire
Arudha Equity L/S
Bandhan MF · Nov 2025
 -0.1% +4.2% ₹10.2000 2.1% 0.5% Till 30 Days Group A Open-ended - any day Enquire
Diviniti Equity L/S
ITI MF · Dec 2025
 -2.7% -6.8% ₹932.60 2.1% 0.5% within 6M (10% units free) · Nil after Group A Open-ended - any day Enquire
Sapphire Equity L/S
Franklin Templeton · Aug 2025
 - +0.4% ₹1,003.60 2.1% 1% Till 1 Year Group A Open-ended - any day Enquire
Titanium Equity L/S
Tata MF · Jan 2026
 - +1.7% ₹10.2000 2.1% 1% Till 1 Month Group A Open-ended - any day Enquire
iSIF Equity L/S
ICICI Prudential · Feb 2026
 - +1.5% ₹10.2000 2.0% 1% Till 1 Year Group A Open-ended - any day Enquire
Arthaya Equity L/S
Union MF · Jan 2026
 - +1.1% ₹10.1000 2.1% 1% Till 1 Year Group A Open-ended - any day Enquire
WSIF Equity L/S
The Wealth Company MF · May 2026
 - +3.3% ₹10.3000 2.1% Nil Group A Open-ended - any day Enquire
Invesco Summit Equity L/S NFO
Invesco MF · Jul 2026
 - - ₹10.0000 - TBC Group A Open-ended - daily Enquire

Equity Ex-Top 100

Fund 3M Return ▼ Since Inception NAV Expense Ratio (BER) Exit Load Tax Group Redemption Frequency
qsif Ex-Top 100 L/S
Quant MF · Nov 2025
 +9.9% +3.0% ₹10.3000 2.1% 1% Till 15 Days Group A Open-ended - any day Enquire
iSIF Ex-Top 100 L/S
ICICI Prudential · Nov 2025
 +3.1% +0.5% ₹10.0000 1.8% 1% Till 12 Months Group A Open-ended - any day Enquire
Altiva Ex-Top 100 L/S
Edelweiss MF · Jan 2026
 - +1.3% ₹10.1278 1.6% 0.50% Till 90 Days Group A Open-ended - any day Enquire
WSIF Ex-Top 100 L/S
The Wealth Company MF · May 2026
 - -0.5% ₹10.4000 2.1% Nil Group A Open-ended - any day Enquire
DynaSIF Ex-Top 100 L/S
360 ONE Asset · Jun 2026
 - - ₹10.0000 - 0.5% Till 3 Months Group A TBC Enquire

Active Asset Allocator

Fund 3M Return ▼ Since Inception NAV Expense Ratio (BER) Exit Load Tax Group Redemption Frequency
DynaSIF Active Asset Allocator
360 ONE Asset · Nov 2025
 +1.5% +2.5% ₹10.3000 1.6% 0.5% Till 3 Months Group B Fortnightly Enquire
qsif Active Asset Allocator
Quant MF · Nov 2025
 - +3.8% ₹10.4000 1.9% 1% Till 15 Days Group B Fortnightly Enquire
iSIF Active Asset Allocator
ICICI Prudential · Feb 2026
 - +0.6% ₹10.1000 2.0% 1% Till 12 Months Group B Fortnightly Enquire

Sector Rotation

Fund 3M Return ▼ Since Inception NAV Expense Ratio (BER) Exit Load Tax Group Redemption Frequency
qsif Sector Rotation L/S
Quant MF · Jan 2026
 - +0.3% ₹10.0305 1.6% 1% Till 15 Days Group A Open-ended - any day Enquire

Ranked by 3-month return within category. SIF is a new asset class — insufficient track record exists for any other basis of assessment. Not investment advice. ARN-301536.

What your distributor probably has not told you

Two SIF funds. Same category on AMFI.
One saves you ₹15,625 in tax every year.
One does not.

The difference is not the returns. It is not the fund manager.

It is one line in the Scheme Information Document that determines your tax group - and 9 out of 10 investors never check it.

We mapped every live SIF fund. The complete breakdown is in the guide.

The AND Fintech SIF Tax Guide covers:

→ Which SIF funds qualify for the annual LTCG exemption
→ STCG comparison: 20% flat vs slab rate - fund by fund
→ Annual tax harvesting strategy to reduce LTCG legally
→ SIF vs MF vs FD vs Cat III AIF - full tax comparison
→ Corporate treasury: which SIF structure is most tax-efficient
→ Group A vs Group B - the split within the same SEBI category

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SIF Funds Dashboard

Compare and Filter All
Specialised Investment Funds

Sort by Returns, Risk and Category

NAV as on 13-Jul-2026
| | |
Altiva Hybrid L/S
Edelweiss MF · Bhavesh Jain & Bharat Lahoti
NAV ₹10.7000
Hybrid L/S Interval Low+
Avg Equity Exposure: 15%
Since Inception +7.0%
3M Return +2.7%
Regular BER 1.4%
Approach Fixed income + covered calls + straddles + pair trades
Style Conservative / Income-oriented
Benchmark Nifty 50 Hybrid Composite Debt 50:50
Liquidity Twice a week · Min ₹10L
Group B · Slab STCG
Enquire →
qsif Equity L/S
Quant MF · Sandeep Tandon, Ankit Pande, Sameer Kate, Sanjeev Sharma, Jignesh Shah
NAV ₹10.5000
Equity L/S Open-ended High
Since Inception +4.5%
3M Return +9.4%
Regular BER 2.1%
Approach VLRT quant: momentum + mean-reversion + macro short overlay
Style Quantitative / Systematic
Benchmark Nifty 500 TRI
Liquidity Open-ended - any day · Min ₹10L
Group A · Equity tax
Enquire →
Magnum Hybrid L/S
SBI MF · Gaurav Mehta
NAV ₹10.4000
Hybrid L/S Interval Low+
Avg Equity Exposure: 10%
Since Inception +3.2%
3M Return +2.2%
Regular BER 1.0%
Approach Arbitrage 30–50% + collar strategy 20–30% + debt 25–35%
Style Conservative / Income-oriented
Benchmark Nifty 50 Hybrid Composite Debt 50:50
Liquidity Fortnightly · Min ₹10L
Group A · Equity tax
Enquire →
DynaSIF Equity L/S
360 ONE Asset · Harsh Agarwal
NAV ₹10.5000
Equity L/S Open-ended High
Since Inception +4.5%
3M Return +3.3%
Regular BER 2.1%
Approach Diversified equity long + unhedged short via derivatives
Style Multi-strategy / Dynamic
Benchmark Nifty 500 TRI
Liquidity Open-ended - any day · Min ₹10L
Group A · Equity tax
Enquire →
qsif Ex-Top 100 L/S
Quant MF · Sandeep Tandon, Lokesh Garg, Ankit Pande, Sameer Kate, Sanjeev Sharma
NAV ₹10.3000
Ex-Top 100 Open-ended Very High
Since Inception +3.0%
3M Return +9.9%
Regular BER 2.1%
Approach SMID & micro-cap equity long + short overlay
Style Quantitative / Systematic
Benchmark Nifty 500 TRI
Liquidity Open-ended - any day · Min ₹10L
Group A · Equity tax
Enquire →
iSIF Ex-Top 100 L/S
ICICI Prudential · S Naren & Team
NAV ₹10.0000
Ex-Top 100 Open-ended Very High
Since Inception +0.5%
3M Return +3.1%
Regular BER 1.8%
Approach Defensive SMID: lower volatility vs index + short overlay
Style Fundamental / Active
Benchmark Nifty 500 TRI
Liquidity Open-ended - any day · Min ₹10L
Group A · Equity tax
Enquire →
iSIF Hybrid L/S
ICICI Prudential · Rajat Chandak, Ayush Shah, Manish Banthia
NAV ₹10.1000
Hybrid L/S Open-ended Moderate
Avg Equity Exposure: 75%
Since Inception +1.0%
3M Return +1.8%
Regular BER 2.0%
Approach Gross equity 65–75% + dynamic derivatives hedging · BAF-style
Style Fundamental / Active
Benchmark Nifty 50 Hybrid Composite Debt 50:50
Liquidity Open-ended - any day · Min ₹10L
Group A · Equity tax
Enquire →
qsif Hybrid L/S
Quant MF · Sandeep Tandon, Lokesh Garg, Ankit Pande, Sameer Kate, Sanjeev Sharma
NAV ₹10.4000
Hybrid L/S Interval Moderate
Avg Equity Exposure: 65%
Since Inception +4.2%
3M Return +2.5%
Regular BER 1.9%
Approach Gross equity 35–65% + debt 25–65% + VLRT short overlay
Style Quantitative / Systematic
Benchmark Nifty 500 TRI
Liquidity Twice a week · Min ₹10L
Group B · Slab STCG
Enquire →
Arudha Hybrid L/S
Bandhan MF · Bandhan Fixed Income Team
NAV ₹10.2000
Hybrid L/S Interval Low
Avg Equity Exposure: 0% net equity
Since Inception +2.0%
3M Return +1.0%
Regular BER 0.6%
Approach 65% fixed income + 35% arbitrage · No net equity exposure
Style Fundamental - Long-biased
Benchmark Nifty 50 Hybrid Composite Debt 50:50
Liquidity Twice a week · Min ₹10L
Group B · Slab STCG
Enquire →
DynaSIF Active Asset Allocator
360 ONE Asset · Harsh Agarwal
NAV ₹10.3000
Asset Allocator Interval Moderate-High
Since Inception +2.5%
3M Return +1.5%
Regular BER 1.6%
Approach Equity 20–50% + debt 20–65% + commodities 0–25% + short 25%
Style Multi-strategy / Dynamic
Benchmark Nifty 500 TRI
Liquidity Fortnightly · Min ₹10L
Group B · Slab STCG
Enquire →
Sapphire Equity L/S
Franklin Templeton · Arihant Jain & Mohit Sharma
NAV ₹1,003.60
Equity L/S Open-ended High
Since Inception +0.4%
3M Return -
Regular BER 2.1%
Approach Multi-factor smart beta · systematic quant long + short
Style Quantitative / Systematic
Benchmark Nifty 500 TRI
Liquidity Open-ended - any day · Min ₹10L
Group A · Equity tax
Enquire →
Arudha Equity L/S
Bandhan MF · Kapil Kankonkar
NAV ₹10.2000
Equity L/S Open-ended High
Since Inception +4.2%
3M Return -0.1%
Regular BER 2.1%
Approach Diversified equity long + unhedged short via derivatives
Style Fundamental - Long-biased
Benchmark Nifty 500 TRI
Liquidity Open-ended - any day · Min ₹10L
Group A · Equity tax
Enquire →
Titanium Hybrid L/S
Tata MF · Suraj Nanda
NAV ₹10.1000
Hybrid L/S Interval Moderate
Avg Equity Exposure: 75%
Since Inception +0.6%
3M Return +1.6%
Regular BER 2.1%
Approach Gross equity 65–75% + net equity −25% to 75% + debt 25–35%
Style Balanced / Dynamic hedge
Benchmark Nifty 50 Hybrid Composite Debt 50:50
Liquidity Twice a week · Min ₹10L
Group B · Slab STCG
Enquire →
Altiva Ex-Top 100 L/S
Edelweiss MF · Nikhil Gada
NAV ₹10.1278
Ex-Top 100 Open-ended Very High
Since Inception +1.3%
3M Return -
Regular BER 1.6%
Approach Concentrated SMID 35–45 stocks (PMS-style) + 10% short/arb
Style Fundamental / Active
Benchmark Nifty 500 TRI
Liquidity Open-ended - any day · Min ₹10L
Group A · Equity tax
Enquire →
qsif Sector Rotation L/S
Quant MF · Sandeep Tandon, Sameer Kate, Jignesh Shah, Ankit Pande, Sanjeev Sharma
NAV ₹10.0305
Sector Rotation Open-ended Very High
Since Inception +0.3%
3M Return -
Regular BER 1.6%
Approach Concentrated in 4 of 12 SEBI sectors + derivatives short
Style Quantitative / Systematic
Benchmark Nifty 500 TRI
Liquidity Open-ended - any day · Min ₹10L
Group A · Equity tax
Enquire →
Titanium Equity L/S
Tata MF · Suraj Nanda
NAV ₹10.2000
Equity L/S Open-ended High
Since Inception +1.7%
3M Return -
Regular BER 2.1%
Approach Diversified equity long + unhedged short via derivatives
Style Balanced / Dynamic hedge
Benchmark Nifty 500 TRI
Liquidity Open-ended - any day · Min ₹10L
Group A · Equity tax
Enquire →
Apex Hybrid L/S
Aditya Birla SL MF · Lovelish Solanki, Mohit Sharma & Rohit Karan
NAV ₹10.2000
Hybrid L/S Interval Low++
Avg Equity Exposure: 40%
Since Inception +2.0%
3M Return +1.5%
Regular BER 1.4%
Approach Debt 35–65% + arbitrage 0–25% + net equity up to 40%
Style Balanced / Dynamic hedge
Benchmark Nifty 50 Hybrid Composite Debt 50:50
Liquidity Interval - fortnightly · Min ₹10L
Group B · Slab STCG
Enquire →
iSIF Equity L/S
ICICI Prudential · Rajat Chandak, Ayush Shah
NAV ₹10.2000
Equity L/S Open-ended High
Since Inception +1.5%
3M Return -
Regular BER 2.0%
Approach Diversified equity long + unhedged short via derivatives
Style Fundamental / Active
Benchmark Nifty 500 TRI
Liquidity Open-ended - any day · Min ₹10L
Group A · Equity tax
Enquire →
qsif Active Asset Allocator
Quant MF · Sandeep Tandon, Jignesh Shah, Sanjeev Sharma, Sameer Kate, Ankit Pande
NAV ₹10.4000
Asset Allocator Interval Moderate-High
Since Inception +3.8%
3M Return -
Regular BER 1.9%
Approach Dynamic multi-asset: equity + debt + commodities
Style Quantitative / Systematic
Benchmark Nifty 500 TRI
Liquidity Fortnightly · Min ₹10L
Group B · Slab STCG
Enquire →
Platinum Hybrid L/S
Mirae Asset MF · Gaurik Shah
NAV ₹10.1000
Hybrid L/S Interval Low+
Avg Equity Exposure: 10%
Since Inception +0.8%
3M Return -
Regular BER 1.4%
Approach Arbitrage 5–70% + collar strategy 40–70% + debt 25–35%
Style Conservative / Income-oriented
Benchmark Nifty 50 Hybrid Composite Debt 50:50
Liquidity Weekly · Min ₹10L
Group A · Equity tax
Enquire →
Arthaya Equity L/S
Union MF · Union MF Equity Investment Team
NAV ₹10.1000
Equity L/S Open-ended High
Since Inception +1.1%
3M Return -
Regular BER 2.1%
Approach Diversified equity long + unhedged short via derivatives
Style Active / Discretionary
Benchmark Nifty 500 TRI
Liquidity Open-ended - any day · Min ₹10L
Group A · Equity tax
Enquire →
WSIF Equity L/S
The Wealth Company MF · Chinmay Sathe
NAV ₹10.3000
Equity L/S Open-ended High
Since Inception +3.3%
3M Return -
Regular BER 2.1%
Approach Diversified equity long + unhedged short via derivatives
Style Active / Discretionary
Benchmark Nifty 500 TRI
Liquidity Open-ended - any day · Min ₹10L
Group A · Equity tax
Enquire →
Diviniti Equity L/S
ITI MF · Vasav Sahgal (FM) · Rajesh Bhatia (CIO)
NAV ₹932.60
Equity L/S Open-ended High
Since Inception -6.8%
3M Return -2.7%
Regular BER 2.1%
Approach Large-cap pair trades · long quality, short overvalued peers
Style Quantitative / Systematic
Benchmark Nifty 50 TRI
Liquidity Open-ended - any day · Min ₹10L
Group A · Equity tax
Enquire →
iSIF Active Asset Allocator
ICICI Prudential · Ihab Dalwai, Sharmila D'silva, Mohit Sharma, Manish Banthia
NAV ₹10.1000
Asset Allocator Interval Moderate-High
Since Inception +0.6%
3M Return -
Regular BER 2.0%
Approach Equity 35–80% + commodities + debt + yield-enhancing derivatives
Style Active / Discretionary
Benchmark Nifty 500 TRI
Liquidity Fortnightly · Min ₹10L
Group B · Slab STCG
Enquire →
WSIF Ex-Top 100 L/S
The Wealth Company MF · Chinmay Sathe
NAV ₹10.4000
Ex-Top 100 Open-ended Very High
Since Inception -0.5%
3M Return -
Regular BER 2.1%
Approach SMID & micro-cap equity long + short overlay
Style Active / Discretionary
Benchmark Nifty 500 TRI
Liquidity Open-ended - any day · Min ₹10L
Group A · Equity tax
Enquire →
RedHex Hybrid L/S
HSBC MF · Shriram Ramanathan (CIO FI) & Venugopal Manghat (CIO Equity)
NAV ₹10.0000
Hybrid L/S Interval Low+
Avg Equity Exposure: 25%
Since Inception -
3M Return -
Regular BER 1.5%
Approach Fixed income 65% + arbitrage 35% + covered calls
Style Conservative / Income-oriented
Benchmark Nifty 50 Hybrid Composite Debt 50:50
Liquidity Weekly (10-day notice period) · Min ₹10L
Group B · Slab STCG
Enquire →
DynaSIF Ex-Top 100 L/S
360 ONE Asset · Harsh Agarwal
NAV ₹10.0000
Ex-Top 100 Open-ended Very High
Since Inception -
3M Return -
Regular BER -
Approach SMID & micro-cap equity long + short overlay
Style Active / Discretionary
Benchmark Nifty 500 TRI
Liquidity TBC · Min ₹10L
Group A · Equity tax
Enquire →
Jio BR Prism Hybrid L/S
Jio BlackRock MF · Arun R | Tanvi Kacheria | Siddharth Deb | Virendra Kumar
NAV ₹10.0000
Hybrid L/S Interval Low+ Live NFO
Avg Equity Exposure: 50%
Since Inception -
3M Return -
Regular BER -
Approach Fixed income + arbitrage + equity derivatives
Style Active / Discretionary
Benchmark Nifty 50 Hybrid Composite Debt 50:50
Liquidity Twice a week (Mon & Wed) · Min ₹10L
Group B · Slab STCG
Enquire →
Invesco Summit Equity L/S
Invesco MF · Hiten Jain
NAV ₹10.0000
Equity L/S Open-ended Very High Live NFO
Since Inception -
3M Return -
Regular BER -
Approach Diversified equity long + unhedged short via derivatives
Style Active / Discretionary
Benchmark BSE 500 TRI
Liquidity Open-ended - daily · Min ₹10L
Group A · Equity tax
Enquire →
AND FINTECH

SIF Investor Guide

What is SIF · How L/S works · All funds compared · Tax explained

FREE GUIDE

FREE · DELIVERED TO YOUR INBOX

The AND Fintech SIF Investor Guide

India's newest investment category is 8 months old. Less than 2% of distributors are certified to explain it. Most investors won't hear about it until it's mainstream.

This guide covers what SIF is, how long-short strategies actually work, which funds are tax-smart - and what AND Fintech recommends. No jargon. No sales pitch.

20 minutes to read. Delivered free to your inbox.

✓ No spam · ✓ AMFI-compliant · ✓ Unsubscribe anytime

What is a Specialized Investment Fund (SIF)?

India's newest SEBI-regulated investment category - launched April 2025
SIF was introduced by SEBI under the Mutual Fund Amendment Regulations, 2024 - effective April 2025. It operates under the same AMC-level regulatory oversight as mutual funds: daily NAV disclosure, SEBI-mandated reporting, and AMFI registration. Only AMCs with 3+ years track record and ₹10,000 crore+ AUM are authorised to launch SIFs.
The defining feature of SIF is the ability to take unhedged short positions via derivatives - up to 25% of net assets. This means the fund manager can profit from stocks or sectors they believe are overvalued. In a regular mutual fund, the manager can only reduce a position to zero - they cannot actively short it. This opens up return opportunities in flat or falling markets that are unavailable in traditional MF structures.
The minimum investment is ₹10 lakh per investor per AMC at PAN level. This applies across all SIF funds from that AMC. If you invest in two SIFs from the same AMC, the combined minimum is ₹10 lakh, not ₹10 lakh each. SIF is designed for HNI and mass affluent investors - those who want more than a mutual fund but don't have ₹50 lakh for PMS.
SIF tax treatment depends on the fund's equity allocation. Equity-oriented SIFs (≥65% equity): STCG 20% flat, LTCG 12.5% after 12 months, ₹1.25L annual exemption. Hybrid/Other SIFs: STCG at slab rate (up to 30%), LTCG 12.5% after 12 months, no ₹1.25L exemption. Critically, within the same SEBI category (Hybrid Long-Short), some funds are equity-oriented and some are not - which matters significantly for tax planning.
Unlike PMS or AIF, SIF offers daily NAV published by AMFI, monthly portfolio disclosure, and the full regulatory oversight of the mutual fund framework. You can track your investment's value daily. Every fund's strategy is documented in a SEBI-filed ISID (Investment Strategy Information Document) - publicly available. There are no surprises in what the fund is supposed to do.
SEBI has defined exactly 5 SIF investment strategy categories. Hybrid Long-Short: Fixed income + equity derivatives + arbitrage. Equity Long-Short: Primarily equity with short overlay. Equity Ex-Top 100: SMID & micro-cap focus. Sector Rotation: Concentrated in 4 sectors at a time. Active Asset Allocator: Dynamic multi-asset across equity, debt, and commodities. Each AMC can launch only one fund per category - which limits crowding and forces differentiation.

How SIF Compares to Other Investment Categories

Feature Mutual Fund SIF PMS AIF Cat III
Minimum Investment₹500₹10 Lakh₹50 Lakh₹1 Crore
Short Selling✗ No✓ Up to 25%✓ Yes✓ Yes
Daily NAV✓ Yes✓ Yes✗ No✗ No
Tax at Fund LevelNilNilNilUp to 42.7%
SEBI Regulated✓ Yes✓ Yes✓ Yes✓ Yes
Strategy FlexibilityLowMedium-HighHighVery High
TransparencyHighHighMediumLow

SIF's unique position: PMS-style long-short strategies at mutual fund-level transparency and regulation - at ₹10 lakh. No other Indian investment category offers this combination. Only NISM Series XIII certified distributors - like AND Fintech - are authorised to distribute SIF products.

What your distributor probably has not told you

Two SIF funds. Same category on AMFI.
One saves you ₹15,625 in tax every year.
One does not.

The difference is not the returns. It is not the fund manager.

It is one line in the Scheme Information Document that determines your tax group - and 9 out of 10 investors never check it.

We mapped every live SIF fund. The complete breakdown is in the guide.

Free - No spam - Unsubscribe anytime

Group A

STCG (less than 12 months)20% flat
LTCG (more than 12 months)12.5%

Group B

STCG (less than 12 months)Slab rate (up to 30%)
LTCG (more than 12 months)12.5%

Free - Delivered to inbox

The AND Fintech SIF Investor Guide

Most investors discover SIF through their CA. The smart ones get here first.

01
What is SIF
The simplest explanation of India - newest asset class - plain English, no jargon.
02
How Long-Short Works
What going long means. What shorting means. Why it matters when markets fall.
03
5 SIF Categories
Which category suits which investor. The risk-return map you need before investing.
04
Tax - Fund by Fund
Group A vs Group B. Which funds qualify for the annual LTCG exemption. All 29 mapped.
05
AND Fintech Recommendations
What we actually recommend and why. Our picks per category with reasoning.
06
How to Invest
Documents needed, minimum amounts, timeline and how to get started with AND Fintech.
+
Annual tax harvesting strategy - legally reduce your LTCG every year.

Get the guide

The AND Fintech SIF Investor Guide

Everything the posts tease - the guide delivers. Fund names, tax table, our picks. Free.

Free - AMFI compliant - Unsubscribe anytime

SIF Funds in India - Frequently Asked Questions

There is no single "best SIF" for every investor. The right Specialized Investment Fund depends on your risk appetite, liquidity needs, and tax bracket. On this dashboard we compare all 27 SEBI-regulated SIFs in India across five categories - Hybrid Long-Short, Equity Long-Short, Sectoral, Debt Long-Short, and Multi-Asset - with live NAV, returns since inception, expense ratio, exit load, and a transparent distributor scorecard so you can decide which SIF fits your portfolio.
The SEBI-mandated minimum investment across all Specialized Investment Funds in India is ₹10 lakh per investor, aggregated across all SIF schemes of the same AMC. This threshold is set by SEBI and cannot be reduced by AMCs or distributors.
As of June 2026, 27 SIF schemes from 13 AMCs are live or in NFO across five SEBI-defined categories. AND Fintech tracks every one of them on this page, with NAV refreshed daily from AMFI.
SIF taxation depends on the underlying assets held by each fund. Equity-oriented SIF funds are taxed like equity mutual funds - LTCG at 12.5% after 12 months and STCG at 20%. Hybrid SIF funds can hold varying mixes of equity, debt, and derivatives making their tax treatment different at the individual fund level. AND Fintech categorises all live SIF funds into two tax groups based on their portfolio construction. See the Tax Guide tab for the complete fund-by-fund breakdown.
SIFs sit between Mutual Funds and PMS. Mutual funds have a low minimum but cannot run long-short or concentrated strategies. PMS allows that but needs ₹50 lakh minimum. SIFs allow long-short, derivatives and sectoral concentration with a ₹10 lakh minimum under full SEBI regulation - designed for sophisticated retail and HNI investors who want PMS-style strategies at a lower entry point.
Yes. Every SIF in India is regulated by SEBI under the Specialized Investment Fund framework introduced in 2024. Distribution requires the NISM Series XIII certification - cleared by fewer than 600 distributors nationwide. AND Fintech is NISM Series XIII certified. As with any market-linked product, SIFs are subject to market risk - past performance does not guarantee future returns.
Any Indian resident (including HUFs, trusts, and corporates) with at least ₹10 lakh to invest can buy SIF units. NRIs are permitted subject to FEMA regulations. The ₹10 lakh threshold applies per AMC, not per scheme.

AND Fintech - Certified Across All Four Product Categories

AND Fintech holds all four NISM certifications required to distribute the full spectrum of regulated investment products in India. We are among fewer than 600 distributors nationwide who have cleared the NISM Series XIII examination - the mandatory SEBI-prescribed qualification for SIF distribution.

NISM Series 5A
Mutual Fund Distributors · ARN-301536
NISM Series 21A
Portfolio Management Services · APRN05170
NISM Series 19A
Alternative Investment Funds
NISM Series XIII
SIF Distribution - Common Derivatives
Tax Disclosure: Tax treatment depends on each fund's asset allocation as filed with SEBI and is subject to change. AND Fintech is a registered distributor and not a tax advisor. Please consult a qualified Chartered Accountant before making tax-based investment decisions.

Important Disclosures: AND Fintech (ARN-301536, APMI: APRN05170) is an AMFI-registered Mutual Fund Distributor and an authorised distributor of Specialized Investment Funds. AND Fintech is not a SEBI-Registered Investment Adviser. The AND Fintech Recommendation score is a distributor opinion - it does not constitute investment advice or a guarantee of returns. SIF investments are subject to market risks. Please read all ISIDs carefully before investing. Past performance is not indicative of future results. NAV data sourced from AMFI. Registered office: Thane, Maharashtra.

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