Risk and disclosure · a SIF concept, explained from SEBI’s rules.
In one line
A section of every SIF offer document that shows the loss an investor could suffer from given market movements, including from the strategy's derivative positions.
The ISID must include a scenario analysis depicting the expected loss to the investor due to market movements, in a model format AMFI prescribes in consultation with SEBI (circular para 13.2), and a scenario analysis for derivative positions (para 11.4). SEBI's FAQs list it among the things to read before investing (A5) and distributors must explain it (C10).
Sources: SEBI circular on the SIF framework, 27 Feb 2025; SEBI FAQs on SIFs, Part A, 22 Sep 2026; SEBI FAQs on SIFs, Parts B and C, 22 Sep 2026
Illustrative example. A scenario table might show what a 10% or 20% fall in equity markets, or a rise in interest rates, would do to the strategy's NAV given its long and short positions. Each strategy's own table is in its ISID.
Every SIF strategy type, within each strategy’s own offer document. All 36 live strategies are listed on our tracker; each one’s offer document sets its own limits within SEBI’s.
The strategy's Investment Strategy Information Document (ISID), Key Information Memorandum (KIM) and Statement of Additional Information (SAI): especially the objective, asset allocation, derivatives exposure, risk band, scenario analysis, redemption frequency, notice period, fees and exit load. Later notices can change these, so check them too.
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.