SEBI's newest category — for investors who've outgrown the basics, without jumping to PMS.
SEBI's newest category. Launched April 1, 2025.
More flexible than a mutual fund. Lower commitment than PMS.
Entry point: ₹10 lakh, at the PAN level across all SIF strategies within one AMC. Waived for accredited investors.
Investors who've already been through a few market cycles via mutual funds.
First-time investors — mutual funds remain the right start.
Under SEBI's mutual fund rules — the same strong regulatory oversight as any mutual fund.
A middle ground — more flexible than a fund, less commitment than PMS.
SIF isn't recommended by default — only when it fits.
Risk profile, horizon and ticket size — confirmed first.
Matching the mandate to your goal.
Sized alongside — not instead of — your mutual funds.
Reviewed at defined intervals.
You can't predict. You can prepare.Howard MarksCo-Founder, Oaktree Capital