Specialized Investment Funds: The New ₹10 Lakh Asset Class, Explained

For two decades, Indian investors faced a strange gap.

The framework went live on 1 April 2025, and through late 2025 and into 2026 the big fund houses began rolling out their first strategies.

What a Specialized Investment Fund actually is

A SIF is a new investment vehicle that sits deliberately between mutual funds and PMS.

The headline number is the entry ticket: a minimum investment of ₹10 lakh per investor, measured across all SIF strategies from a single fund house at the PAN level.