“Specialized Investment Funds” are a recent addition to the investment kittyย approved by SEBI, These are helpful for smaller investors who found PMS(Portfolio management services), AIF(Alternative Investment Fund) entry level 1cr/50lac respectively not achievable.
๐ฑ SIF has a mind of a mutual fund with the benefits of PMS built into it, So if a scripts(share) is going down then SIF can bet money on it as short sell also(mutual funds aren’t allowed this)
๐ฑ The SIF starts at 10 Lakhs
๐ฑ Managed by licensed advisors only
๐ฑ With taxation now above 12.75 lakhs/annum and disposable income increased this can be a go to product for people who found PMS/AIF expensive.
๐ฑ Investors with a higher risk appetite than those of MFs can choose them.