Fund houses and distributors · a SIF concept, explained from SEBI’s rules.
In one line
A SEBI-registered mutual fund that qualifies by track record (₹10,000 crore average AUM over three years) or by appointing a qualified CIO and fund manager, with no SEBI action against it in three years.
Route 1: the mutual fund has operated for at least three years with average AUM of at least ₹10,000 crore in the preceding three years. Route 2: the AMC appoints a SIF CIO with at least 10 years of fund management and average AUM managed of ₹5,000 crore, and another fund manager with at least three years and ₹500 crore. Under either route, no action under sections 11, 11B or 24 of the SEBI Act against the sponsor or AMC in the last three years (circular para 1.1.1). Average AUM is measured over 10 years for the CIO and 3 for the fund manager (FAQ B8).
Sources: SEBI circular on the SIF framework, 27 Feb 2025; SEBI FAQs on SIFs, Parts B and C, 22 Sep 2026
Where it shows. 18 fund houses run live SIF strategies today; our fund-manager directory lists who manages each.
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.
A SEBI-registered mutual fund that qualifies by one of two routes: three years in operation with average AUM of ₹10,000 crore over the past three years, or by appointing a CIO with 10 years' fund-management experience (average AUM ₹5,000 crore) and a second fund manager with three years (₹500 crore). Either way, no SEBI action against the sponsor or AMC in the past three years.
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.