India Markets

SIFs Explained: SEBI's New ₹10 Lakh Fund Between MF and PMS

SIFs are a brand-new SEBI asset class sitting between mutual funds and PMS, live since 1 April 2025
Minimum ticket is ₹10 lakh, aggregated across all of an AMC's SIF strategies at PAN level
SIFs can short the market — up to 25% unhedged short exposure via derivatives, which plain MFs cannot
First products arrived in 2026: ICICI Prudential iSIF, SBI Magnum SIF, Mahindra Manulife MPOWER and more
Higher risk and a notice period on redemptions mean SIFs suit informed investors, not first-timers

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