Strategy and exposures
Read the strategy objective, asset allocation, permitted instruments, investment approach and the risks disclosed by the AMC.
SPECIALIZED INVESTMENT FUNDS
Understand SIFs.
Understand SIFs.
Explore Specialized Strategies.
Specialized Investment Funds (SIFs) sit within SEBI’s mutual fund framework and offer eligible investors access to specialized investment strategies. Understand how they work, the risks involved and what to review before proceeding.
SIF distribution: Prospera FinTech LLP is an AMFI-registered SIF distributor.
Investment overview
SIF
A strategy deserves a closer look
Look beyond the label. Review how an investment strategy works, what risks it takes and whether its terms fit your circumstances.
- Understand the investment mandate and strategy
- Review minimums, fees, liquidity and exit terms
- Read the latest offer and risk documents
START HERE
What exactly is a Specialized Investment Fund?
A Specialized Investment Fund is a category within SEBI’s mutual fund framework, with specific eligibility, investment and disclosure conditions. Strategy features and risks vary by offering, so the relevant product documents matter.
An SIF does not promise superior performance. Depending on the strategy, it may use specialized approaches and instruments permitted under the SIF framework. The relevant asset management company (AMC) manages the investment strategy. Read the current Investment Strategy Information Document (ISID) and related disclosures for the specific offering.
UNDERSTAND THE CHARACTERISTICS
What should you review before investing?
Consider the full structure of an SIF offering, not just its name or headline objective
Eligibility and minimums
Check investor eligibility, the applicable minimum investment threshold, KYC requirements and any strategy-specific conditions.
Costs and liquidity
Review fees, expenses, subscription and redemption frequency, exit restrictions, tax considerations and all other product terms.
EXPLORE THE CHECKLIST
Four areas to review before considering an SIF
Select each topic to see the key details to check in the relevant provider documents
Understand what the strategy can do
Review the stated objective, asset allocation, permitted instruments, exposure limits and investment approach. Strategies can differ materially, so do not rely on the SIF label alone.
Check eligibility and the minimum threshold
Verify KYC requirements, strategy-specific eligibility and the applicable minimum threshold. The general requirement is ₹10 lakh in aggregate across the SIF’s strategies at the investor PAN level; it does not apply to accredited investors under the applicable framework.
Understand charges and when you can exit
Read the fee and expense details, subscription and redemption frequency, exit-load provisions, restrictions and other liquidity terms. Confirm the applicable tax treatment from appropriate sources.
Read the current documents before deciding
Review the Investment Strategy Information Document and all relevant disclosures. Consider market, strategy and liquidity risks, including the possibility of loss of capital. Returns are not guaranteed.
FROM EXPLORATION TO ACCESS
How does the process work?
The enquiry, eligibility and onboarding steps depend on the AMC, the specific investment strategy and the applicable requirements.
Understand your requirements
Review your horizon, capacity for loss, liquidity needs and familiarity with market-linked investment products.
Review available strategies
Examine objectives, investment approaches, risk characteristics and eligibility conditions for available SIF strategies.
Read product documents
Read current strategy documents for risks, fees, liquidity terms and other product-specific conditions.
Complete applicable checks
Complete provider-led onboarding, KYC, eligibility checks and required formalities for the selected offering.
EXPLORE SIF OPPORTUNITIES
Explore Investment Options
Want to understand an available SIF opportunity?
Explore available SIF offerings and review each strategy’s eligibility, fees, liquidity terms and risk disclosures before proceeding.
BEFORE YOU PROCEED
Important considerations
Product documents and provider terms are the definitive source for an individual investment strategy
Market and strategy risk
The value of an SIF investment can rise or fall. Depending on the strategy, exposures may include derivatives or permitted short positions, which can add complexity and risk.
Minimum investment threshold
The general minimum threshold is ₹10 lakh in aggregate across all investment strategies offered by an SIF at the investor’s PAN level. This minimum does not apply to accredited investors under the applicable framework. Confirm current requirements with the AMC.
Liquidity and exit terms
Subscription, redemption or interval terms can vary by strategy. Understand when you can withdraw and whether any restrictions or charges may apply.
No assured returns
SIFs are market-linked investments. There is no assurance of returns or protection against loss of capital. Past performance, where shown, does not guarantee future results.
Important: This page is for general information and describes the SIF category at a high level. It is not investment advice or a recommendation to buy or sell any security or investment product. Product eligibility, risks, fees, limits and terms are governed by current regulations and the relevant AMC's documents. Please read all applicable documents and disclosures carefully.
SIF strategies can involve market, liquidity and strategy-specific risks, including possible loss of capital. Read the current Investment Strategy Information Document and all related disclosures carefully.
PROSPERA FINTECH’S ROLE
Where Prospera FinTech fits in
Knowing which organisation distributes the product and which organisation manages it is an important part of understanding the arrangement
Prospera FinTech LLP
Prospera FinTech LLP is an AMFI-registered SIF distributor and facilitates access to available SIF offerings. The relevant AMC manages its strategy and determines the product documents, fees, disclosures and terms. Product availability and investor eligibility depend on the selected offering.
Asset Management Company (AMC)
The relevant AMC and its investment management team manage the SIF and its investment strategy. The AMC is responsible for investment decisions, portfolio management, strategy documents, fees, disclosures and product terms under the applicable regulatory framework.
SIF FAQS
Questions people usually ask
Answers to common questions about SIF structure, eligibility and risk.
What is a Specialized Investment Fund (SIF)?
A Specialized Investment Fund (SIF) is a category within the SEBI-regulated mutual fund framework that allows eligible asset management companies to offer specialized investment strategies subject to the applicable regulatory conditions.
How is an SIF different from a conventional mutual fund?
SIFs can use specialized investment strategies and permitted exposures under a distinct set of conditions in the mutual fund framework. Features, strategy limits and risks vary by offering. Review the relevant AMC documents rather than assuming all SIFs work the same way.
What is the minimum investment for an SIF?
The general minimum investment threshold is ₹10 lakh in aggregate across all investment strategies offered by an SIF at the investor’s PAN level. The minimum-threshold requirement does not apply to accredited investors under the applicable SEBI framework. Verify the current requirements and the selected AMC’s documents.
Are SIF returns guaranteed?
No. SIF investments are market-linked, can fluctuate in value and may result in loss of capital. Returns are not guaranteed. Risk depends on the specific investment strategy, the instruments used and market conditions.
Who manages an SIF investment strategy?
The relevant asset management company and its appointed investment management team manage the SIF and its investment strategy.
How can I explore SIFs through Prospera FinTech?
Prospera FinTech LLP is an AMFI-registered SIF distributor and facilitates access to available SIF offerings. Product availability, investor eligibility, onboarding and terms depend on the selected AMC and its current offer documents.
What certification applies to SIF distributors?
SEBI's July 2026 circular specifies the NISM-Series-V-D: Mutual Fund – Specialized Investment Fund Distributors Certification Examination as the requisite standard for associated persons involved in selling or distributing mutual fund and SIF products. NISM made the examination available from 22 July 2026. Distribution and registration must also meet current SEBI and AMFI requirements.
What should I review before investing in an SIF?
Review the investment objective, strategy, risks, asset allocation, fees and expenses, minimum investment requirements, liquidity and redemption terms, applicable tax considerations and all current offer documents. Consider whether you can accept possible losses and periods of limited liquidity.
EXPLORE WITH CLARITY
Have questions about SIF distribution?
Contact Prospera FinTech to enquire about the process and available eligible offerings. Read the relevant provider documents and understand the risks before proceeding.
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