There is a growing group of investors in India who have moved beyond mutual funds but are not ready to write a ₹50 lakh cheque for a Portfolio Management Service. If that sounds familiar, here is a cleaner middle path.
At FYERS, our focus has always been to empower self-directed investors with access to professional-grade tools and products. Specialised Investment Funds (SIFs) are the next step in that journey — professionally managed, SEBI regulated portfolios that offer focus, structure, and flexibility while staying within the mutual fund framework.
The Middle Path Between Mutual Funds and PMS
Mutual funds are broad by design. They track benchmarks and hold large baskets of securities to manage risk. That works for passive investors, but not for those who want sharper, more active exposure.
PMS is built for high-net-worth investors who want custom portfolios. The catch is the high minimum, usually around ₹50 lakh.
SIFs fill that gap.
They start at ₹10 lakh and give you access to professionally managed strategies across equity, debt, REITs, InvITs, private equity, and derivatives.
SIFs are more focused than mutual funds and more accessible than PMS, inside a clear regulatory framework.
Mutual Funds vs Specialised Investment Funds (SIFs)
Here is a quick comparison to place SIFs in context.
SIFs do not replace mutual funds. They complement them and add a professional layer of flexibility and precision.
What Makes SIFs Stand Out
The key difference is flexibility. SIF managers are not forced to hug an index or spread too thin.
If mid caps look strong, they can concentrate there. If volatility spikes, they can lean toward debt or defensive sectors.
This flexibility sits inside clear SEBI rules that keep discipline in place.
• A fund cannot invest more than 10 percent in a single stock.
• Debt exposure is capped at 20 percent per issuer.
• Derivatives can be used within defined limits.
• Managers must be certified and experienced.
You get active decision making with the comfort of a regulated framework. And since SIFs follow the same taxation framework as mutual funds, you enjoy flexibility without losing tax efficiency.
The Three Types of SIFs
Every SIF follows a distinct approach. Here is a simple overview.
Each type helps you fine tune your portfolio based on your goals and risk appetite.
Fund Structure and Redemption
SIFs, like regular mutual funds, can be open ended, close ended, or interval.
For example, Qsif Long Short Fund is an open ended fund, while Altiva Hybrid Long Short Fund is an interval fund that allows redemptions only on Mondays and Wednesdays.
Before you invest, check the fund profile on FYERS for cut off times, exit loads, and payout timelines. These details tell you which NAV applies, any early exit costs, and how soon redemption proceeds are paid.
Why Invest in SIFs Through FYERS
At FYERS, SIFs sit inside the same platform you already use.
You can explore, compare, and invest in SIFs from FYERS Web or FYERS App. No extra paperwork. No external portals. Each fund profile shows the strategy, asset mix, holdings, performance history, and manager details.
You get full visibility in one place. When you invest in an SIF through FYERS, you see where your capital is deployed and how it is performing, alongside your equities, mutual funds, and F&O.
Think of it as adding a specialised, professionally managed layer to your portfolio without the complexity of PMS.
Who Should Consider SIFs
SIFs are a good fit if you have built a base portfolio and want more control, diversification, and adaptability.
They suit investors who
• want more than long only mutual funds
• have the risk appetite for active, tactical strategies
• prefer flexible professional management without PMS level commitments
They are not ideal for first time investors or those who prefer a passive, set and forget approach. Use SIFs as a tactical allocation within a broader plan.
How to Invest in a SIF on FYERS
Getting started is simple.
Ensure you have at least ₹10 lakh to invest.
Log in to FYERS Web or App.
Go to the SIF section under Mutual Funds.
Browse funds, review strategies and holdings.
Pick the fund that fits your approach and invest digitally.
You can monitor SIF holdings in real time along with your other mutual fund holdings.
To know more, check out our SIF articles.
The Bottom Line
Specialised Investment Funds bridge the space between broad mutual funds and high ticket PMS. They give you active, flexible strategies within a familiar, regulated structure.
If your mutual fund portfolio feels too generic but PMS feels too far, SIFs are a practical next step.
They are regulated, transparent, and run by professionals who focus on performance.
Explore SIFs on FYERS and take smarter control of your investments.
With SIFs now live, FYERS continues its journey to offer the most comprehensive investing toolkit for India’s self-directed investors.