Best SIF Funds India 2026 | Specialized Investment Funds Dashboard

AND Fintech Recommendation - SIF Scorecard

Top 3 per category · Scored on 6 factors

Equity Long-Short (Top 3)

Fund	Rating	NAV	Since Inception	3M	TER	Liquidity
qsif Equity L/S Quant MF	★★★★☆ 4.0/5	₹10.2795	+2.8%	+5.7%	1.6%	Open-ended - any day	Enquire
DynaSIF Equity L/S 360 ONE Asset	★★★★☆ 3.9/5	₹10.2002	+2.0%	+3.2%	1.5%	Open-ended - any day	Enquire
Sapphire Equity L/S Franklin Templeton	★★★☆☆ 3.3/5	₹987.12	-1.3%	-	1.8%	Open-ended - any day	Enquire

Hybrid Long-Short (Top 3)

Fund	Rating	NAV	Since Inception	3M	TER	Liquidity
Altiva Hybrid L/S Edelweiss MF	★★★★☆ 3.9/5	₹10.6604	+6.6%	+2.8%	1.5%	Twice a week	Enquire
Magnum Hybrid L/S SBI MF	★★★★☆ 3.7/5	₹10.2716	+2.7%	+0.7%	1.5%	Fortnightly	Enquire
qsif Hybrid L/S Quant MF	★★★★☆ 3.7/5	₹10.3754	+3.8%	+4.9%	1.6%	Twice a week	Enquire

Equity Ex-Top 100 (Top 3)

Fund	Rating	NAV	Since Inception	3M	TER	Liquidity
qsif Ex-Top 100 L/S Quant MF	★★★★☆ 3.8/5	₹9.9724	-0.3%	+8.2%	1.6%	Open-ended - any day	Enquire
iSIF Ex-Top 100 L/S ICICI Prudential	★★★★☆ 3.6/5	₹9.8600	-1.4%	+0.8%	1.5%	Open-ended - any day	Enquire
Altiva Ex-Top 100 L/S Edelweiss MF	★★★☆☆ 3.1/5	₹10.1278	+1.3%	-	1.6%	Open-ended - any day	Enquire

Sector Rotation (Top 1)

Fund	Rating	NAV	Since Inception	3M	TER	Liquidity
qsif Sector Rotation L/S Quant MF	★★★☆☆ 3.1/5	₹10.0305	+0.3%	-	1.6%	Open-ended - any day	Enquire

Active Asset Allocator (Top 3)

Fund	Rating	NAV	Since Inception	3M	TER	Liquidity
qsif Active Asset Allocator Quant MF	★★★☆☆ 2.9/5	₹10.1982	+2.0%	-	1.6%	Fortnightly	Enquire
DynaSIF Active Asset Allocator 360 ONE Asset	★★★☆☆ 2.8/5	₹10.1560	+1.6%	-	1.5%	Fortnightly	Enquire
iSIF Active Asset Allocator ICICI Prudential	★★★☆☆ 2.7/5	₹10.0231	+0.2%	-	1.5%	Fortnightly	Enquire

AND Fintech Recommendation is a distributor opinion. Scoring: Vintage 15% · Since-Inception Return 30% · Consistency 10% · TER 10% · Strategy Clarity 10% · Tax Efficiency 15% · Liquidity 10%. Not SEBI-registered investment advice. ARN-301536 · APRN05170.

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 all 27 SIF funds. Both NFOs included. The complete breakdown is in the guide.

The AND Fintech SIF Tax Guide covers:

→ Which of the 27 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

All SIF Funds - Regular Plan Growth

NAV as on 15-Jun-2026 · Live · Regular Plan only

Category:

qsif Equity L/S

Quant MF · Sandeep Tandon

NAV ₹10.2795

Equity L/S Open-ended High

Since Inception +2.8%

3M Return +5.7%

Regular TER 1.6%

Approach VLRT quant: momentum + mean-reversion + macro short overlay

Style Quantitative / Systematic

Benchmark Nifty 500 TRI

Liquidity Open-ended - any day · Min ₹10L

Altiva Hybrid L/S

Edelweiss MF · Bhavesh Jain & Bharat Lahoti

NAV ₹10.6604

Hybrid L/S Interval Low+

Max net equity: Up to 15%

Since Inception +6.6%

3M Return +2.8%

Regular TER 1.5%

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

DynaSIF Equity L/S

360 ONE Asset · Harsh Agarwal

NAV ₹10.2002

Equity L/S Open-ended High

Since Inception +2.0%

3M Return +3.2%

Regular TER 1.5%

Approach Diversified equity long + unhedged short via derivatives

Style Multi-strategy / Dynamic

Benchmark Nifty 500 TRI

Liquidity Open-ended - any day · Min ₹10L

qsif Ex-Top 100 L/S

Quant MF · Sandeep Tandon

NAV ₹9.9724

Ex-Top 100 Open-ended Very High

Since Inception -0.3%

3M Return +8.2%

Regular TER 1.6%

Approach SMID & micro-cap equity long + short overlay

Style Quantitative / Systematic

Benchmark Nifty 500 TRI

Liquidity Open-ended - any day · Min ₹10L

Magnum Hybrid L/S

SBI MF · Gaurav Mehta

NAV ₹10.2716

Hybrid L/S Interval Low+

Max net equity: Up to 10%

Since Inception +2.7%

3M Return +0.7%

Regular TER 1.5%

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

qsif Hybrid L/S

Quant MF · Sandeep Tandon

NAV ₹10.3754

Hybrid L/S Interval Moderate

Max net equity: Up to 65%

Since Inception +3.8%

3M Return +4.9%

Regular TER 1.6%

Approach Gross equity 35–65% + debt 25–65% + VLRT short overlay

Style Quantitative / Systematic

Benchmark Nifty 500 TRI

Liquidity Twice a week · Min ₹10L

iSIF Ex-Top 100 L/S

ICICI Prudential · S Naren & Team

NAV ₹9.8600

Ex-Top 100 Open-ended Very High

Since Inception -1.4%

3M Return +0.8%

Regular TER 1.5%

Approach Defensive SMID: lower volatility vs index + short overlay

Style Fundamental / Active

Benchmark Nifty 500 TRI

Liquidity Open-ended - any day · Min ₹10L

Sapphire Equity L/S

Franklin Templeton · Raghu & Arihant Jain (Franklin Global Active Quant)

NAV ₹987.12

Equity L/S Open-ended High

Since Inception -1.3%

3M Return -

Regular TER 1.8%

Approach Multi-factor smart beta · systematic quant long + short

Style Quantitative / Systematic

Benchmark Nifty 500 TRI

Liquidity Open-ended - any day · Min ₹10L

Arudha Hybrid L/S

Bandhan MF · Bandhan Fixed Income Team

NAV ₹10.2170

Hybrid L/S Interval Low

Max net equity: 0% net equity

Since Inception +2.2%

3M Return +0.7%

Regular TER 1.6%

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

iSIF Hybrid L/S

ICICI Prudential · Rajat Chandak (same as ICICI BAF)

NAV ₹9.9074

Hybrid L/S Open-ended Moderate

Max net equity: Up to 75%

Since Inception -0.9%

3M Return -0.4%

Regular TER 1.5%

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

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 TER 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

qsif Sector Rotation L/S

Quant MF · Sandeep Tandon

NAV ₹10.0305

Sector Rotation Open-ended Very High

Since Inception +0.3%

3M Return -

Regular TER 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

Arudha Equity L/S

Bandhan MF · Nilesh Saha

NAV ₹10.0800

Equity L/S Open-ended High

Since Inception +0.8%

3M Return -

Regular TER 1.6%

Approach Diversified equity long + unhedged short via derivatives

Style Fundamental - Long-biased

Benchmark Nifty 500 TRI

Liquidity Open-ended - any day · Min ₹10L

Titanium Equity L/S

Tata MF · Suraj Nanda

NAV ₹10.0128

Equity L/S Open-ended High

Since Inception +0.1%

3M Return -

Regular TER 1.5%

Approach Diversified equity long + unhedged short via derivatives

Style Balanced / Dynamic hedge

Benchmark Nifty 500 TRI

Liquidity Open-ended - any day · Min ₹10L

iSIF Equity L/S

ICICI Prudential · Mittul Kalawadia, Nitya Mishra, Sri Sharma

NAV ₹10.0200

Equity L/S Open-ended High

Since Inception +0.2%

3M Return -

Regular TER 1.5%

Approach Diversified equity long + unhedged short via derivatives

Style Fundamental / Active

Benchmark Nifty 500 TRI

Liquidity Open-ended - any day · Min ₹10L

Arthaya Equity L/S

Union MF · Union MF Equity Team

NAV ₹10.0427

Equity L/S Open-ended High

Since Inception +0.4%

3M Return -

Regular TER 1.6%

Approach Diversified equity long + unhedged short via derivatives

Style Active / Discretionary

Benchmark Nifty 500 TRI

Liquidity Open-ended - any day · Min ₹10L

qsif Active Asset Allocator

Quant MF · Sandeep Tandon

NAV ₹10.1982

Asset Allocator Interval Moderate-High

Since Inception +2.0%

3M Return -

Regular TER 1.6%

Approach Dynamic multi-asset: equity + debt + commodities

Style Quantitative / Systematic

Benchmark Nifty 500 TRI

Liquidity Fortnightly · Min ₹10L

Platinum Hybrid L/S

Mirae Asset MF · Gaurik Shah

NAV ₹10.0270

Hybrid L/S Interval Low+

Max net equity: Up to 10%

Since Inception +0.3%

3M Return -

Regular TER 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

DynaSIF Active Asset Allocator

360 ONE Asset · Harsh Agarwal

NAV ₹10.1560

Asset Allocator Interval Moderate-High

Since Inception +1.6%

3M Return -

Regular TER 1.5%

Approach Equity 20–50% + debt 20–65% + commodities 0–25% + short 25%

Style Multi-strategy / Dynamic

Benchmark Nifty 500 TRI

Liquidity Fortnightly · Min ₹10L

Titanium Hybrid L/S

Tata MF · Suraj Nanda

NAV ₹9.9184

Hybrid L/S Interval Moderate

Max net equity: Up to 75%

Since Inception -0.8%

3M Return -1.2%

Regular TER 1.5%

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

iSIF Active Asset Allocator

ICICI Prudential · Ihab Dalwai, Sharmila D'silva, Mohit Sharma, Manish Banthia

NAV ₹10.0231

Asset Allocator Interval Moderate-High

Since Inception +0.2%

3M Return -

Regular TER 1.5%

Approach Equity 35–80% + commodities + debt + yield-enhancing derivatives

Style Active / Discretionary

Benchmark Nifty 500 TRI

Liquidity Fortnightly · Min ₹10L

Apex Hybrid L/S

Aditya Birla SL MF · Lovelish Solanki, Mohit Sharma & Rohit Karan

NAV ₹10.1500

Hybrid L/S Interval Low++

Max net equity: Up to 40%

Since Inception +1.5%

3M Return -

Regular TER 1.5%

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

Diviniti Equity L/S

ITI MF · Vasav Sahgal (FM) · Rajesh Bhatia (CIO)

NAV ₹917.48

Equity L/S Open-ended High

Since Inception -8.3%

3M Return -6.1%

Regular TER 2.4%

Approach Large-cap pair trades · long quality, short overvalued peers

Style Quantitative / Systematic

Benchmark Nifty 50 TRI

Liquidity Open-ended - any day · Min ₹10L

WSIF Ex-Top 100 L/S

The Wealth Company MF · Chinmay Sathe

NAV ₹9.9873

Ex-Top 100 Open-ended Very High

Since Inception -0.1%

3M Return -

Regular TER 2.5%

Approach SMID & micro-cap equity long + short overlay

Style Active / Discretionary

Benchmark Nifty 500 TRI

Liquidity Open-ended - any day · Min ₹10L

WSIF Equity L/S

The Wealth Company MF · Chinmay Sathe

NAV ₹9.9609

Equity L/S Open-ended High

Since Inception -0.4%

3M Return -

Regular TER 2.5%

Approach Diversified equity long + unhedged short via derivatives

Style Active / Discretionary

Benchmark Nifty 500 TRI

Liquidity Open-ended - any day · Min ₹10L

RedHex Hybrid L/S

HSBC MF · Shriram Ramanathan (CIO FI) & Venugopal Manghat (CIO Equity)

NAV NFO

Hybrid L/S Interval Low+ 🆕 Recently Launched

Max net equity: Up to 25%

Since Inception -

3M Return -

Regular TER 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

DynaSIF Ex-Top 100 L/S

360 ONE Asset · Harsh Agarwal

NAV NFO

Ex-Top 100 Open-ended Very High 🆕 Recently Launched

Since Inception -

3M Return -

Regular TER -

Approach SMID & micro-cap equity long + short overlay

Style Active / Discretionary

Benchmark Nifty 500 TRI

Liquidity TBC · Min ₹10L

AND FINTECH

SIF Investor Guide

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

FREE GUIDE

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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.

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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 Level	Nil	Nil	Nil	Up to 42.7%
SEBI Regulated	✓ Yes	✓ Yes	✓ Yes	✓ Yes
Strategy Flexibility	Low	Medium-High	High	Very High
Transparency	High	High	Medium	Low

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 all 27 SIF funds. Both NFOs included. The complete breakdown is in the guide.

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.

What is SIF

The simplest explanation of India - newest asset class - plain English, no jargon.

How Long-Short Works

What going long means. What shorting means. Why it matters when markets fall.

5 SIF Categories

Which category suits which investor. The risk-return map you need before investing.

Tax - Fund by Fund

Group A vs Group B. Which funds qualify for the annual LTCG exemption. All 27 mapped.

AND Fintech Recommendations

What we actually recommend and why. Our picks per category with reasoning.

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

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.

Specialized Investment Funds - SIF
India's Newest Asset Class

AND Fintech Recommendation - SIF Scorecard

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

All SIF Funds - Regular Plan Growth

SIF Investor Guide

The AND Fintech SIF Investor Guide

What is a Specialized Investment Fund (SIF)?

How SIF Compares to Other Investment Categories

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

Group A

Group B

The AND Fintech SIF Investor Guide

The AND Fintech SIF Investor Guide

AND Fintech - Certified Across All Four Product Categories

Calculators

Specialized Investment Funds - SIFIndia's Newest Asset Class

AND Fintech Recommendation - SIF Scorecard

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

All SIF Funds - Regular Plan Growth

SIF Investor Guide

The AND Fintech SIF Investor Guide

What is a Specialized Investment Fund (SIF)?

How SIF Compares to Other Investment Categories

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

Group A

Group B

The AND Fintech SIF Investor Guide

The AND Fintech SIF Investor Guide

AND Fintech - Certified Across All Four Product Categories

Calculators

Specialized Investment Funds - SIF
India's Newest Asset Class

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

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