NFO OPENQSIF Active Asset Allocator Long Short Fund|April 2 to April 16|Min Investment ₹10,00,000|Invest NowNFO OPENFranklin Templeton Sapphire Equity Long-Short SIF|April 10 to April 24, 2026|Invest Now
NFO OPENQSIF Active Asset Allocator Long Short Fund|April 2 to April 16|Min Investment ₹10,00,000|Invest NowNFO OPENFranklin Templeton Sapphire Equity Long-Short SIF|April 10 to April 24, 2026|Invest Now
NFO OPENQSIF Active Asset Allocator Long Short Fund|April 2 to April 16|Min Investment ₹10,00,000|Invest NowNFO OPENFranklin Templeton Sapphire Equity Long-Short SIF|April 10 to April 24, 2026|Invest Now
NFO OPENQSIF Active Asset Allocator Long Short Fund|April 2 to April 16|Min Investment ₹10,00,000|Invest NowNFO OPENFranklin Templeton Sapphire Equity Long-Short SIF|April 10 to April 24, 2026|Invest Now
SEBI Regulated · Now Live in India

India's Premier Specialized Investment Funds Platform

Bridge the gap between Mutual Funds and PMS. Compare, track and invest in SEBI-regulated SIFs with just ₹10 Lakhs minimum investment.

₹10L

Min Investment

16

Active SIFs

SEBI

Regulated

Specialized Investment Funds Launched

India's first SIF schemes are now live. Explore funds from leading AMCs.

Fund NameAMCLink
ED
Altiva Hybrid Long Short Fund
Edelweiss Mutual FundView →
SB
Magnum Hybrid Long Short Fund
SBI Mutual FundView →
TA
Titanium Hybrid Long Short Fund
Tata Mutual FundView →
BA
Arudha Hybrid Long Short
Bandhan Mutual FundView →
IP
iSIF Hybrid Long Short
ICICI Prudential Mutual FundView →
QU
qSIF Hybrid Long Short
Quant Mutual FundView →
AB
Apex SIF Hybrid Long Short
Aditya Birla Sun Life Mutual FundView →

16 SIF schemes across 10 AMCs

Featured Webinar

Understanding SIFs: A Complete Guide

Watch our in-depth webinar covering everything about Specialized Investment Funds — strategies, regulations, and how to get started.

Performance Tracker
SIF Returns Scorecard

Absolute returns (%) • Data as of 30-Mar-2026

1M: 02-Mar-2026 to 30-Mar-2026  |  3M: Jan-2026 to 30-Mar-2026  |  Overall: Inception to 30-Mar-2026

Alpha Shield measures how well each fund protected capital vs its own benchmark during the March 2026 market crash (Nifty -11.30%). Score out of 10.

Top Performer

Altiva Hybrid Long-Short

+2.10%since inception
Hybrid Long Short
7 funds
Fund Name1M Return(Feb 2026)3M Return(Dec–Feb)Since Inception

Altiva Hybrid Long-Short

24-Oct-25

-1.42%-0.80%+2.10%

Arudha Hybrid Long-Short

04-Feb-26

+0.07%+0.56%+0.56%

Apex Hybrid Long-Short

01-Apr-26

+0.20%

Magnum Hybrid Long-Short

29-Oct-25

-1.90%-2.38%-0.42%

qSIF Hybrid Long-Short

20-Oct-25

-0.86%-1.70%-1.73%

Titanium Hybrid Long-Short

17-Dec-25

-6.16%-6.50%-5.93%

iSIF Hybrid Long-Short

05-Feb-26

-6.29%-7.86%-7.86%
Equity Long Short
4 funds
Fund Name1M Return(Feb 2026)3M Return(Dec–Feb)Since Inception

Arudha Equity Long-Short

30-Mar-26

0.00%

DynaSIF Equity Long-Short

27-Feb-26

-4.42%-4.39%-4.39%

Diviniti Equity Long-Short

03-Dec-25

-2.24%-5.61%-5.24%

qSIF Equity Long-Short

08-Oct-25

-8.23%-11.68%-10.77%
Equity Ex-Top 100
2 funds
Fund Name1M Return(Feb 2026)3M Return(Dec–Feb)Since Inception

iSIF Ex-Top 100 Long-Short

05-Feb-26

-7.30%-9.71%-9.71%

qSIF Ex-Top 100 Long-Short

13-Nov-25

-6.27%-13.03%-14.02%
Benchmark Indices
Index1M3M1Y
Nifty 50-11.30%-14.44%-3.99%
Nifty 500-11.36%-13.88%-2.88%
Nifty Midcap 150-11.06%-12.63%+2.27%
Nifty Smallcap 250-10.02%-14.28%-4.86%
Nifty Total Market-11.36%-13.96%-3.09%

Source: AMFI, niftyindices.com • NAV as of March 31st, 2026 • Returns as of March 31st, 2026

Note: Start NAV taken as first available trading day on or after the period start date. Diviniti NAV is on a 1000-base face value. N/A = Fund launched after period start / insufficient data.

Disclaimer: 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. Past Performance is not indicative of future returns. NAVs taken are for Direct Plan Growth Option.

AUM of SIF

Assets Under Management across all Specialized Investment Fund categories

11

Total Schemes

39,851

Total Folios

₹9,710.87 Cr

Total AUM

Category-wise Breakdown
CategorySchemesFoliosAUM (₹ Cr)
Equity Long-Short Fund36,4531,051.76
Equity Ex-Top 100 Long-Short Fund210,4961,269.93
Hybrid Long-Short Fund622,9027,389.19
Grand Total1139,8519,710.87

Data as of February 2026. Source: AMFI. AUM figures are in INR Crores.

🛡️ Alpha Shield Leaderboard

How each SIF protected your capital vs its own benchmark during the March 2026 crash

Clean view for sharing
RankFundMarch ReturnAlpha Shield
#1Arudha Hybrid+0.07%🛡️ 10.0
#2qSIF Hybrid-0.86%🛡️ 8.6
#3Diviniti-2.24%🛡️ 8.0
#4Altiva-1.42%🛡️ 7.8
#5Magnum-1.90%🛡️ 7.0
#6DynaSIF Equity-4.42%🛡️ 6.1
Cost Analysis

Total Expense Ratio (TER)

Compare expense ratios across SIF schemes. Lower TER means more of your returns stay with you.

What is TER?

Total Expense Ratio (TER) is the annual fee charged by the fund house to manage your investments. It includes management fees, administrative costs, and other operational expenses. Direct plans have lower TER as they don't include distributor commissions.

Lowest TER (Direct)

1.10%

Highest TER (Direct)

1.40%

Average TER (Direct)

1.24%

Avg Savings (Direct)

0.87%

Scheme Name
AMC
Category
TER (Direct)
TER (Regular)
Rating
qsif Hybrid Long-Short Fundquant Mutual FundHybrid1.10%1.95%
Low
Titanium Hybrid Long-Short FundTata Mutual FundHybrid1.15%2.00%
Low
Magnum Hybrid Long Short FundSBI Mutual FundHybrid1.20%2.05%
Low
qsif Equity Long Short Fundquant Mutual FundEquity1.25%2.15%
Medium
Altiva Hybrid Long-Short FundEdelweiss Mutual FundHybrid1.35%2.25%
Medium
Diviniti Equity Long Short FundITI Mutual FundEquity1.40%2.30%
Medium

TER data is indicative and may vary. Please refer to the scheme information document for exact figures.

Compare Options

SIF vs MF vs PMS vs AIF

Compare across key features to find what suits your investment goals

Feature
SIF

Recommended

MF

Mutual Fund

PMS

Portfolio Mgmt

AIF

Alt Investment

Minimum Investment
₹10 Lakh
₹100
₹50 Lakh
₹1 Crore
Investor Type
HNI
Retail / HNI
HNI
Ultra HNI
STCG (< 12m)
20% / Slab
20% / Slab
Per Transaction
Category Dep.
LTCG (> 12m)
12.5% / Slab
12.5% / Slab
Per Transaction
Category Dep.
Derivatives
25% + Hedging
Only Hedging
Only Hedging
Allowed
SEBI Regulated
Short Selling
Flexibility
High
Low
High
Very High
Got Questions?

Frequently Asked Questions

Common questions about Specialized Investment Funds answered

Source: Information compiled from official SIF websites including Quant SIF, Edelweiss Altiva, ITI Diviniti, SBI Magnum SIF, and Tata Titanium SIF. Please refer to official scheme documents for complete details.

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Why SIFPrime?

SIFPrime is India's most comprehensive platform for Specialized Investment Funds. Here's why thousands of investors and distributors trust us:

All 14 SIFs Tracked

Live NAV, returns, AUM, and strategy breakdowns for every SEBI-registered Specialized Investment Fund in India.

Independent Comparison

Unbiased SIF vs MF vs PMS vs AIF comparison. Compare minimum investment, taxation, strategy flexibility and returns side-by-side.

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Free consultation with AMFI-registered SIF distributors. Get personalized advice on which SIF strategy suits your goals.

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SIF vs Mutual Fund vs PMS vs AIF — Full Comparison

Understand how Specialized Investment Funds compare with other Indian investment products on key parameters.

FeatureSIFMutual FundPMSAIF
Minimum Investment₹10 Lakh₹500₹50 Lakh₹1 Crore
Short SellingYes (25%)NoNoYes
Derivatives Use25% + HedgingOnly HedgingOnly HedgingAllowed
LTCG Tax (Equity)12.5%12.5%Per TransactionCategory Dependent
STCG Tax (Equity)20%20%Per TransactionCategory Dependent
LiquidityDaily/WeeklyDailyMonthlyLock-in Period
SEBI RegulatedYesYesYesYes
Strategy FlexibilityHighLowHighVery High
Investor TypeHNIRetail / HNIHNIUltra HNI
Portfolio TypePooledPooledIndividualPooled

Read detailed SIF vs PMS vs AIF comparison →

Frequently Asked Questions About SIF

Everything you need to know about Specialized Investment Funds in India

What is a Specialized Investment Fund (SIF)?+
A SIF is a new SEBI-regulated investment product introduced in 2024 that bridges the gap between Mutual Funds and Portfolio Management Services (PMS). SIFs combine the ease and transparency of mutual funds with advanced long-short strategies using derivatives. They allow fund managers to take unhedged short positions up to 25% of net assets, enabling potential returns in both rising and falling markets.
What is the minimum investment for SIF in India?+
The minimum aggregate investment for SIF is ₹10,00,000 (₹10 lakhs) at the PAN level across all SIF strategies offered by an AMC. Accredited investors are exempt from this threshold. After meeting the initial ₹10 lakh threshold via lumpsum, SIP/STP/SWP options become available with amounts as low as ₹5,000–₹10,000 per installment.
How is SIF different from PMS (Portfolio Management Services)?+
SIFs have a much lower entry point (₹10 lakhs vs ₹50 lakhs for PMS), offer mutual fund-like taxation benefits (12.5% LTCG vs per-transaction taxation in PMS), provide daily/weekly liquidity, and are pooled investment vehicles. PMS provides individually managed portfolios with higher customization but comes with higher fees and tax complexity.
How is SIF different from Mutual Funds?+
While Mutual Funds can only use derivatives for hedging purposes, SIFs can take unhedged short positions up to 25% of net assets. This allows SIF fund managers to potentially generate alpha from both rising and falling markets. SIFs require a higher minimum investment (₹10 lakhs vs ₹500 for MFs) but retain MF-like taxation benefits and SEBI regulation.
Who can invest in SIF?+
Any Indian resident, HUF, or NRI with a minimum investment capacity of ₹10 lakhs can invest in SIFs. Investors must complete standard KYC/AML/FATCA requirements and open a separate SIF folio with the AMC. Accredited investors (as defined by SEBI) are exempt from the minimum investment threshold.
How are Specialized Investment Funds taxed?+
SIF taxation follows mutual fund taxation rules. Equity-oriented SIFs: 12.5% LTCG (holding period over 12 months), 20% STCG. Debt-oriented SIFs: taxed as per the investor’s income tax slab rate. Hybrid SIFs (less than 65% in equity or debt): 12.5% LTCG after 12 months, STCG as per slab. Fund-level taxation is nil under Section 10(23D).
What types of SIF strategies are available?+
SIFs offer strategies across three categories: (1) Equity-Oriented — Equity Long-Short, Equity Ex-Top 100 Long-Short, Sector Rotation Long-Short; (2) Debt-Oriented — Debt Long-Short, Sectoral Debt Long-Short; (3) Hybrid — Active Asset Allocator Long-Short, Hybrid Long-Short Fund. Each uses derivatives for long-short positioning.
How many SIFs are currently active in India?+
As of April 2026, there are 14 active SIF strategies across major AMCs including Quant (qSIF), Edelweiss (Altiva), SBI (Magnum), Tata (Titanium), ICICI (iSIF), Bandhan (Arudha), ITI (Diviniti), 360 ONE (Dyna), and ABSL (Apex). SIFPrime tracks all active SIFs with live NAV, returns and strategy analysis.
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