NFO SIF NFO & launch pipeline — see what is open, upcoming and newly live → · SHEET SIF Performance Sheet — every live SIF by strategy on official AMFI NAVs, one page, updated daily → · NEW Live SIF tracker — every fund with NAV, AUM, TER & risk band, updated daily → · REPORT Monthly SIF Performance Report — every strategy, by category, with what they own → · HOLDINGS What India's SIFs actually own — cross-fund holdings & overlap checker → · OFFICIAL Official AMFI NAVs power the tracker — every live SIF, every trading day →
India’s SIF desk · by Trustner

Every Specialized Investment Fund in India. Tracked daily, explained plainly.

Official NAVs, month-by-month returns, what each strategy actually owns and every new fund offer — for all 37 SIFs from 18 fund houses. Free to read, with sources you can check.

Open the live tracker → Read the October report Invest through Trustner → For distributors →
As featured in The Times of IndiaTrustner Group · serving investors since 2014

By Trustner Asset Services Pvt. Ltd. — AMFI-registered Mutual Fund & SIF distributor, ARN-286886 · investments in Regular plans · SIFs are subject to market risks. Full disclosures in the footer below.

The category todayAMFI data →
Category assets · AMFI, 30 Sep 2026
₹38,287 Cr
+22.8% on August · ₹7,578 Cr net inflow · 1,56,483 folios
Oct ’25 · ₹2,010 CrSep ’26 · ₹38,287 Cr
37SIFs tracked daily
18Fund houses
0SIF NFOs open today
4,814Official NAVs archived

Next SIF offer window Opens 13 Nov 2026

H-SIF Hybrid Long-Short Fund

HDFC Mutual Fund · Hybrid Long-Short

Subscription window13 Nov – 27 Nov 2026

hybrid long-short (interval) · min ₹10 L · redeem Mon & Wed

Key terms and offer documents →Alert me to the next SIF

A fund in NFO has no NAV history and no track record. Dates are from the fund house’s offer documents; the SID/ISID and KIM govern. Information only, not a recommendation to invest.

This month · SIF Performance Report

October 2026, strategy by strategy.

33 strategies with a full month of official NAVs. 6 rose, 26 fell.

  • 6 of 33 strategies ended October higher than they began it
  • The median strategy returned −0.93%; the range ran from −6.96% to +0.71%
  • 9 of 30 were higher over three months
Read the October report Download PDF One-page daily sheet →

Regular plan · Growth option · absolute returns, not annualised · official AMFI NAVs, 30 Sep to 31 Oct 2026. Strategies are grouped by SEBI category and never ranked. Every SIF is under a year old. Past performance may or may not be sustained in future.

Category median for Octoberone row per SEBI strategy type
Hybrid Long-Short
−0.17%
3 of 11 rose
Equity Long-Short
−1.08%
2 of 11 rose
Equity Ex-Top 100 Long-Short
−4.53%
0 of 7 rose
Active Asset Allocator
−1.18%
0 of 3 rose
Sector Rotation Long-Short
+0.64%
1 of 1 rose
Every strategy, twelve months, what they own →
The category, by strategy type

Where ₹38,287 crore sits.

See every fund in the tracker →
Hybrid Long-Short
₹23,957 Cr
62.6% of category assets
Strategies
11
Net inflow, Sep
₹4,486 Cr
Investor folios
58,178
What this type holds →
Equity Ex-Top 100 Long-Short
₹7,595 Cr
19.8% of category assets
Strategies
7
Net inflow, Sep
₹1,492 Cr
Investor folios
53,942
What this type holds →
Equity Long-Short
₹4,216 Cr
11.0% of category assets
Strategies
12
Net inflow, Sep
₹895 Cr
Investor folios
29,856
What this type holds →
Active Asset Allocator Long-Short
₹2,456 Cr
6.4% of category assets
Strategies
3
Net inflow, Sep
₹688 Cr
Investor folios
13,519
What this type holds →
Sector Rotation Long-Short
₹62 Cr
0.2% of category assets
Strategies
1
Net inflow, Sep
₹16 Cr
Investor folios
988
What this type holds →

Source: AMFI monthly SIF report, net assets as on 30 Sep 2026 (34 schemes, all plans). SEBI also permits two debt-oriented types — Debt Long-Short and Sectoral Debt Long-Short; no fund has launched in either yet.

Explore the funds

Every live SIF with its official AMFI NAV, trailing returns, AUM, risk band and age. Open any fund for the full picture, or put any two side by side.

What these funds own →Every fund in the tracker →
Sorted by AUM (whole scheme, all plans), largest first.
Altiva Hybrid Long-Short
Edelweiss
Hybrid LS NAV ₹10.977 · 6 Nov 2026
AUM ₹11,231 CrRisk band 1/5
View fund →Compare
Magnum Hybrid Long-Short
SBI
Hybrid LS NAV ₹10.4411 · 6 Nov 2026
AUM ₹3,982 CrRisk band 1/5
View fund →Compare
Infinity Hybrid Long-Short
Kotak Mahindra
Hybrid LS NAV ₹10.495 · 6 Nov 2026
AUM ₹2,995 CrRisk band 1/5
View fund →Compare
iSIF Equity Ex-Top 100 LS
ICICI Prudential
Ex-Top 100 LS NAV ₹10.11 · 6 Nov 2026
AUM ₹2,620 CrRisk band 5/5
View fund →Compare
Magnum Equity Ex-Top 100 LS
SBI
Ex-Top 100 LS NAV ₹9.7843 · 6 Nov 2026
AUM ₹1,598 CrRisk band 5/5
View fund →Compare
iSIF Hybrid Long-Short
ICICI Prudential
Hybrid LS NAV ₹10.6585 · 6 Nov 2026
AUM ₹1,557 CrRisk band 5/5
View fund →Compare

NAV: official AMFI SIF NAV feed (Regular plan, Growth option, daily). 1M, 3M and SI (NAV against the NFO face value) are computed from our archive of official AMFI NAVs, and 6M from the same archive; a window a fund is too young for shows “—”. AUM (whole scheme, all plans): each fund house’s latest monthly portfolio statement. Risk band: Value Research (30 Oct 2026). Benchmark returns are not shown; each AMC’s factsheet compares the scheme with its benchmark. Each fund page gives its return in SEBI’s advertisement format; the live tracker adds 1-day and 1-week returns for every fund.

Every SIF fund page, by type

Each live strategy, A to Z within its type. Every page carries the official NAV, the costs, the offer documents and who manages the money.

Hybrid Long-Short
Altiva Hybrid Long-ShortEdelweissApex Hybrid Long-ShortAditya Birla SLArudha Hybrid Long-ShortBandhanInfinity Hybrid Long-ShortKotak MahindraiSIF Hybrid Long-ShortICICI PrudentialMagnum Hybrid Long-ShortSBIPlatinum Hybrid Long-ShortMirae AssetPrism Hybrid Long-Short FundJio BlackRockqSIF Hybrid Long-ShortQuantRedHex Hybrid Long-ShortHSBCTitanium Hybrid Long-ShortTata
Equity Ex-Top 100 Long-Short
Altiva Equity Ex-Top 100 LSEdelweissApex Equity Ex-Top 100 LSAditya Birla SLDynaSIF Equity Ex-Top 100 LS360 ONEiSIF Equity Ex-Top 100 LSICICI PrudentialMagnum Equity Ex-Top 100 LSSBIqSIF Equity Ex-Top 100QuantWSIF Equity Ex-Top 100The Wealth Company
Equity Long-Short
Altiva Equity Long-ShortEdelweissApex Equity Long-ShortAditya Birla SLArthaya Equity Long-ShortUnionArudha Equity Long-ShortBandhanDiviniti Equity Long-ShortITIDynaSIF Equity Long-Short360 ONEiSIF Equity Long-ShortICICI PrudentialMSIF Equity Long-ShortMahindra ManulifeqSIF Equity Long-ShortQuantSapphire Equity Long-ShortFranklin TempletonSummit Equity Long-Short FundInvescoTitanium Equity Long-ShortTataWSIF Equity Long-ShortThe Wealth Company
Active Asset Allocator Long-Short
DynaSIF Active Asset Allocator360 ONEiSIF Active Asset AllocatorICICI PrudentialqSIF Active Asset AllocatorQuantSummit Active Asset Allocator Long-ShortInvescoTitanium Active Asset Allocator Long-ShortTata
Sector Rotation Long-Short
qSIF Sector Rotation Long-ShortQuant
Inside the portfolios

What the funds actually own.

Two strategies with the same label can hold very different books. We read every fund house’s published portfolio statement and match the holdings by ISIN: 34 portfolios, 1,813 equity lines, 520 companies. See what the category holds in common — and whether two SIFs really diversify you.

Open the holdings view Check overlap between two SIFs

Long positions in listed equity, from statements dated 31 Aug 2026 to 30 Sep 2026 (each fund house’s latest). A widely held company describes the disclosed portfolios; it is not a view on the company and not a recommendation to buy or sell any security.

Held by the most strategieslong equity positions
HDFC BankBanks
23 of 34
ICICI BankBanks
23 of 34
Axis BankBanks
23 of 34
Reliance IndustriesPetroleum Products
22 of 34
Bharti AirtelTelecom - Services
21 of 34
Mahindra & MahindraAutomobiles
21 of 34
Life Insurance Corporation of IndiaInsurance
18 of 34
State Bank of IndiaBanks
18 of 34
All 520 companies, and the overlap checker →
New fund offers

Open now, just launched, and next.

Full NFO register →

13 more announced or filed with SEBI. Dates come from each fund house’s offer documents; “open now” is worked out from those dates each time this page opens. A fund in NFO has no NAV history and no track record — read the offer documents before considering it.

Free updates

Get NFO alerts and the monthly SIF report

A short note when a new SIF opens for subscription, and MeraSIF Monthly on the first working day of each month. Free.

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Trustner Asset Services will send only what you tick, only on the channels you tick, and will not call you unless you ask. We need a mobile number for our records; we never sell or share your details. To stop, reply STOP on WhatsApp or write “unsubscribe” to wecare@trustner.in. Updates are information, not recommendations. Privacy notice.

New to SIFs? Start here.

Start where you are — everything here is education-first, and nothing is locked behind a form.

I’m new — what even is a SIF? The whole category explained from zero: how it works, who it’s for, and how it differs from what you already know. Start with the basics → Can I invest in a SIF? A 60-second, no-signup check of the basics: the ₹10 lakh minimum, who is eligible, and how SIF strategies work. Check SIF eligibility → Show me every fund, side by side Every SIF with daily official NAVs, AUM, risk band and costs — plus a research page on each, and what every category actually holds. Open the tracker → How much more could you keep? SIF vs PMS vs AIF — what actually lands in your hands, worked through with real numbers. The quiet reason this category exists. See the maths →
How SIF compares

Where SIF fits — between mutual funds, PMS and AIF.

The single most useful framing for any HNI is the four-way comparison. SIF inherits MF's tax efficiency and disclosure rigour while gaining PMS-style flexibility — at one-fifth the entry barrier of PMS.

Dimension Mutual Fund SIF PMS AIF Cat-III
Minimum ticket ₹100–₹500 ₹10 lakh (accredited investors exempt) ₹50 lakh ₹1 crore
Long-short capability Hedging and rebalancing only Yes — up to 25% unhedged Yes Yes (no 25% cap of the SIF kind)
Equity LTCG tax 12.5% (>12 mo) 12.5% (>12 mo) 12.5% (>12 mo) on each holding sold; 20% if sold within 12 months Cat-III: at fund level
Liquidity Daily Daily / weekly / monthly / interval T+2 to T+5 Lock-in 1–3 yrs
Pooled / Separate Pooled Pooled Separate demat per investor Pooled
Expense cap (base) 2.10% on first ₹500 Cr (equity), falling by slab 2.10% on first ₹500 Cr (equity), falling by slab 1–2.5% mgmt + 10–20% perf 1.5–2.5% + 15–20% perf
Disclosure Monthly portfolio Bi-monthly portfolio + ISID Monthly + on-demand Quarterly
See the full 11-row comparison matrix
Why the math matters · Illustrative

What you keep matters more than what you earn.

Illustrative example — not a forecast. Assumptions: ₹1 crore invested, 12% gross annual return, 10-year horizon, top tax slab. The figures below are model outputs showing how the tax-bucket difference (SIF 12.5% LTCG vs AIF Cat-III ~39% effective) compounds — your actual result depends on real returns and your own tax position. Run your own numbers in the calculator.

3.2%

Post-tax IRR delta per year

SIF vs equivalent AIF Cat-III, on a 12% gross return for a top-bracket investor.

₹70–80 L

Wealth preserved over 10 years

On an initial ₹1 crore investment — purely from the tax-bucket arbitrage.

₹0

Performance fee

SIF costs are charged as an expense ratio within SEBI’s mutual-fund limits, with no performance fee. PMS and AIF fee structures vary and can include one. Compare every live fund’s TER on the tracker.

Explore the tax treatment matrix
Interactive Tool
Tax Savings Calculator
SIF vs PMS vs AIF — see your real post-tax delta
60 Seconds · No sign-up
SIF Eligibility Check
Check SIF eligibility and the basics — the ₹10 lakh minimum and how SIFs work
Live Directory
Live fund directory
Every live SIF, every NFO and the filed pipeline
Live coverage

SIF & markets in the news

Auto-updated

SIF, SEBI and RBI decisions, mutual funds, PMS and the market moves that matter to a SIF investor — from India’s financial press, refreshed through the day.

View all SIF news →

Headlines are aggregated from public sources and open on the original publisher's site. They are provided for information only and are not endorsed by Trustner. For our own analysis, read the Insights timeline and our monthly SIF Performance Report.

The people behind the research

Guidance you can put a name to.

Trustner Asset Services is among the earliest AMFI-registered SIF Distributors in India — led by a team with over 200 years of combined experience across investments, compliance and technology.

Ram Shah, Founder & CEO of Trustner Group

“The SIF is a significant new category for Indian investors, and we made it a firm-wide priority. Whether you invest ₹10 lakh or ₹5 crore, you deserve clear, sourced information on how each fund works, what it costs and what it holds — and the scheme documents to check it yourself.

Ram Shah
Founder & CEO, Trustner Group · Certified Financial Planner
Sangeeta Shah
Sangeeta Shah
Co-Founder & COO
Oversees client experience and the firm's service backbone across all five offices.
23 years
Ajanta Saikia
Ajanta Saikia
Director & Principal Officer
The compliance and governance backbone for our SIF, mutual fund and PMS distribution.
23 years
Tamanna Kejriwal
Tamanna Kejriwal
Head — HNI Division
Leads SIF distribution for our ₹10 lakh–₹5 crore investors — the heart of the SIF mandate.
21 years
Subhasish Kar
Subhasish Kar
Institutional Sales
Three decades across institutional markets — deep relationships with AMC product teams.
30 years
Abir Das
Abir Das
Addl. Director & Chief Digital Officer
Builds the Trustner research and data platform that powers our SIF coverage.
23 years
+95
100+ professionals
Across 5 cities
Guwahati · Tezpur · Bangalore · Kolkata · Hyderabad. NISM-certified relationship managers handle every SIF conversation.
Since 2014
AMFI Registered SIF Distributor
ARN-286886 · also an APMI Registered PMS Distributor. Regular Plans only — see the note below.
Research-led, education-first
Our desk maintains coverage on every live SIF — scheme documents, managers, AUM and regulation.
100+ team across 5 cities
Founded 2014 in Guwahati. 10,000+ clients served by NISM-certified relationship managers.
A note on Direct Plans and how we earn
As a SEBI-regulated AMFI Registered Distributor, Trustner deals exclusively in Regular Plans of mutual funds and SIFs. We do not promote, sell, or distribute Direct Plans. We are remunerated through trail commissions disclosed by the AMC — never by you directly. This is a standard distribution model in India and is fully disclosed in every transaction confirmation. Investors who prefer Direct Plans should use AMC websites or SEBI Registered Investment Advisers (RIAs).
Learn more about Trustner
Go deeper

The data behind the tracker.

Every figure on this site traces to a fund house document, AMFI or SEBI. These pages show the working.

SIF AUM, month by monthCategory size, net flows and folios from AMFI, with each fund house's own statement AUM kept on its own basis.Redemption days and exit loadsWhen each of the 37 live strategies lets you redeem, its notice period and its current exit load.What fund houses changed69 notices read from the fund houses' own PDFs: exit loads, risk bands, managers, before and after.Every SIF fund houseThe 18 fund houses with a live SIF, each brand's strategies, terms, managers and changes on one page.Who manages each SIF71 fund managers across the live strategies, with roles and notified changes.31 SIF concepts, explainedThe 25% short limit, offsetting, breaches, notice periods: SEBI's rule, its paragraph, an example.How SIFs use derivativesWhat the strategies' disclosed portfolios actually hold in futures and options.Holdings and overlapWhat the SIFs own, from the fund houses' statements, and how much two of them share.For distributorsNISM V-D, ARN, empanelment and what to explain to a client, plus a printable note per strategy.
Common questions

Quick answers about SIF investing.

Yes, where the strategy offers one. SEBI allows SIPs, STPs and SWPs in SIFs, subject to each offer document and the ₹10 lakh threshold. Minimum SIP instalments are set by each fund house: ₹1,000 at qsif and ₹5,000 at Platinum SIF, for example.Source: SEBI, FAQs for Specialized Investment Funds, Part A: investors (22 Sep 2026); qsif notice cum addendum 10/2026 (22 Jun 2026); Platinum SIF notice cum addendum SIF/05/2026 (29 Jun 2026)
Your units in that SIF are frozen for 30 calendar days. If you top up to ₹10 lakh within that time they are unfrozen; if not, they are redeemed at the NAV of the next business day after day 30. A fund house may simply reject a redemption that would cause this.Source: SEBI, FAQs for Specialized Investment Funds, Part A: investors (22 Sep 2026); SEBI circular, Clarification on the SIF framework (9 Apr 2025)
Nothing is forced. A fall caused only by NAV is a passive breach and you can stay invested. While the value is below ₹10 lakh, though, you can redeem only your whole investment in that SIF, not part of it.Source: SEBI, FAQs for Specialized Investment Funds, Part A: investors (22 Sep 2026); SEBI circular, Clarification on the SIF framework (9 Apr 2025)
Generally yes, on each fund house's terms in the offer document. Several restrict residents of the US and Canada: Edelweiss, for example, accepts Canada-resident NRIs and PIOs only while they are present in India, from 18 September 2026.Source: Edelweiss MF notice on subscriptions from NRIs/PIOs in Canada (10 Sep 2026)
In a SIF you own units of a pooled strategy; in a PMS the securities are held in your own account and managed for you. A SIF's minimum is ₹10 lakh, a PMS's ₹50 lakh. A SIF is taxed like a mutual fund, mostly when you redeem, while PMS gains are taxed in your hands each time the manager sells.Source: SEBI, FAQs for Specialized Investment Funds, Part A: investors (22 Sep 2026); SEBI (Portfolio Managers) Regulations, 2020: minimum investment ₹50 lakh
See all FAQs
Ready to talk?

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A 20-minute consultation covers your investment objective, risk profile, current portfolio, and whether SIF is appropriate for you. No fees. No obligation. Education-first conversation.

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