Strategy types · a SIF concept, explained from SEBI’s rules.
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A SIF strategy that keeps at least 80% in equity and equity-related instruments and may take unhedged short positions of up to 25% of net assets through derivatives. It may offer daily redemption.
SEBI's SIF circular lists the Equity Long-Short Fund first among the equity-oriented strategies: minimum investment in equity and equity-related instruments of 80%, and maximum short exposure through unhedged derivative positions in equity of 25%. It is an open-ended or interval strategy, with daily redemption or any less frequent schedule the fund house decides (para 3.2, table A1). A SIF may run only one strategy in each category (para 3.3).
Sources: SEBI circular on the SIF framework, 27 Feb 2025
SEBI's illustration. In one example portfolio for a ₹100 crore strategy, SEBI shows ₹70 crore in equity, ₹5 crore in cash and a ₹25 crore short through stock or index futures (circular, Annexure A1).
Live Equity Long-Short strategies (13): Altiva Equity Long-Short, Apex Equity Long-Short, Arthaya Equity Long-Short, Arudha Equity Long-Short, Diviniti Equity Long-Short, DynaSIF Equity Long-Short, MSIF Equity Long-Short, Sapphire Equity Long-Short, Summit Equity Long-Short Fund, Titanium Equity Long-Short, WSIF Equity Long-Short, iSIF Equity Long-Short, qSIF Equity Long-Short.
An Equity Long-Short Fund invests at least 80% in equity and equity-related instruments and may take unhedged short positions of up to 25% of net assets through derivatives. It may offer daily redemption, or less often if the fund house chooses.
No. To avoid proliferation, SEBI allows only one strategy in each category per SIF, so a fund house can run at most seven SIF strategies, one of each type.
Explanation only, not a recommendation. Trustner Asset Services Pvt. Ltd. is an AMFI-registered Mutual Fund & SIF Distributor (ARN-286886) and may receive commission from fund houses. Investments in Specialized Investment Fund involves relatively higher risk including potential loss of capital, liquidity risk and market volatility. Please read all investment strategy related documents carefully before making the investment decision.