SIFPrime research update · July 25, 2026
Out of the 37 SIFs tracked on SIFPrime, four category shortlists stand out today — one per major category. Picks consider official-history Alpha Shield v2 evidence where a fund qualifies, since-inception alpha versus benchmark, fund-manager track record, and TER efficiency on the Direct plan. They are research starting points, not buy calls.
Best Hybrid Long-Short
Lowest drawdown during March 2026 crash. Income-oriented structure with cash-future arbitrage and derivatives. Best for FD-beating, low-volatility returns with capped equity participation.
Read the Altiva review →Best Equity Long-Short
Quant's flagship long-short equity SIF with India's most-tested systematic active strategy. Higher volatility but strong alpha generation through full market cycles.
Read the qSIF Equity review →Best Ex-Top 100
Mid- and small-cap focused with derivative-based hedging. Higher target returns (12-15% p.a.) for investors with 3+ year horizon and high risk tolerance.
Read the qSIF Ex-Top 100 review →Best Active Asset Allocator
Dynamic rotation across equity, debt and arbitrage based on quantitative signals. Lower equity beta with downside cushion — ideal for investors with moderate risk tolerance.
Read the Dyna AAA review →Reviewed by
Kiran Dutta, Founder of SIFPrime. Columbia MBA, ex-Wall Street, NISM SEBI Research Analyst certified. Founder of AlphaBull Trading Academy. Last review: July 25, 2026.
Editorial independence: SIFPrime does not sell SIFs and does not receive commission from AMCs. Picks reflect SIFPrime's independent analysis of publicly disclosed data. SIFs carry high risk; please read the Scheme Information Document and consult a SEBI-registered investment advisor before investing.
A fund-by-fund breakdown of every Specialized Investment Fund launched in India, including strategy, risk band, target return range, minimum horizon, liquidity, and investor-fit notes.
37
Tracked
34
Live
2
NFO
India's Specialized Investment Fund (SIF) category is one of the most significant regulatory developments in Indian wealth management in recent years. Positioned between mutual funds and Portfolio Management Services (PMS), SIFs allow qualified investors to access institutional-grade long-short strategies, derivatives-based hedging, and multi-asset portfolios inside a SEBI-regulated framework. The minimum ticket is ₹10 lakh per PAN.
As of July 25, 2026, SIFPrime tracks 37 SIF strategies across 18 AMCs. The list below now includes every live and NFO fund in the public SIF universe we track.
Complete Fund Breakdown
The sequence number below is a list position for navigation, not an investment recommendation rank. Final ranking should be based on an approved model using live data, risk, liquidity, cost, and manager evidence.
Interval hybrid: 35-75% equity, 25-65% debt, <=25% unhedged short via equity/debt derivatives, BlackRock signal research + Aladdin
Best for: Investors who want debt, arbitrage, and equity participation with lower drawdown than pure equity.
Risk
Moderate
Target
6.5-10% p.a.
Horizon
1.5-2Y+
Redemption
Twice weekly (Mon & Wed)
Interval hybrid: 35-75% equity vs 25-65% debt and money market with <=25% unhedged short via derivatives; NSE + BSE listing proposed
Best for: Investors who want debt, arbitrage, and equity participation with lower drawdown than pure equity.
Risk
Moderate
Target
6.5-10% p.a.
Horizon
1.5-2Y+
Redemption
Twice weekly (Mon & Wed)
Interval hybrid with 25-75% equity, 25-75% debt and <=25% unhedged short via derivatives
Best for: Investors who want debt, arbitrage, and equity participation with lower drawdown than pure equity.
Risk
Moderate
Target
6.5-10% p.a.
Horizon
1.5-2Y+
Redemption
Weekly (Monday, 10-working-day notice)
Income-oriented: arbitrage, covered calls + debt with limited unhedged equity & short via derivatives
Best for: Investors who want debt, arbitrage, and equity participation with lower drawdown than pure equity.
Risk
Moderate
Target
6.5-10% p.a.
Horizon
1.5-2Y+
Redemption
Monday & Thursday
Arbitrage + directional equity + fixed income
Best for: Investors who want debt, arbitrage, and equity participation with lower drawdown than pure equity.
Risk
High
Target
6.5-10% p.a.
Horizon
1.5-2Y+
Redemption
2x per week
Multi-asset hybrid with tactical equity hedging
Best for: Investors who want debt, arbitrage, and equity participation with lower drawdown than pure equity.
Risk
High
Target
6.5-10% p.a.
Horizon
1.5-2Y+
Redemption
Weekly
Quant-driven multi-factor hybrid with short overlay
Best for: Investors who want debt, arbitrage, and equity participation with lower drawdown than pure equity.
Risk
High
Target
6.5-10% p.a.
Horizon
1.5-2Y+
Redemption
Tuesday & Wednesday
Conservative hybrid with systematic derivatives hedging
Best for: Investors who want debt, arbitrage, and equity participation with lower drawdown than pure equity.
Risk
High
Target
6.5-10% p.a.
Horizon
1.5-2Y+
Redemption
Weekly
Balanced hybrid with pair-trade hedging
Best for: Investors who want debt, arbitrage, and equity participation with lower drawdown than pure equity.
Risk
High
Target
6.5-10% p.a.
Horizon
1.5-2Y+
Redemption
Weekly
Balanced allocation with dynamic hedging framework
Best for: Investors who want debt, arbitrage, and equity participation with lower drawdown than pure equity.
Risk
High
Target
6.5-10% p.a.
Horizon
1.5-2Y+
Redemption
As per SID
ESF+ multi-strategy: arbitrage, directional, special situations
Best for: Investors who want debt, arbitrage, and equity participation with lower drawdown than pure equity.
Risk
High
Target
6.5-10% p.a.
Horizon
1.5-2Y+
Redemption
Monday & Wednesday
Diversified listed-equity strategy using proprietary quant, top-down and bottom-up selection with <=25% unhedged short exposure
Best for: Growth-oriented investors who can accept equity volatility but want active hedging and short overlays.
Risk
AMFI Risk Band Level 3
Target
10-16% p.a.
Horizon
3Y+
Redemption
Daily
Open-ended equity long-short strategy with 80-100% equity and limited unhedged derivative short exposure
Best for: Growth-oriented investors who can accept equity volatility but want active hedging and short overlays.
Risk
AMFI Risk Band Level 5
Target
10-16% p.a.
Horizon
3Y+
Redemption
Daily on business days after reopening
Bottom-up equity long-short: 80-100% listed equity with <=25% tactical unhedged short via derivatives
Best for: Growth-oriented investors who can accept equity volatility but want active hedging and short overlays.
Risk
Very High
Target
10-16% p.a.
Horizon
3Y+
Redemption
Daily
Listed Nifty 500 equity with limited short exposure via derivatives
Best for: Growth-oriented investors who can accept equity volatility but want active hedging and short overlays.
Risk
Very High
Target
10-16% p.a.
Horizon
3Y+
Redemption
As per SID
Quant long-short with momentum + mean-reversion
Best for: Growth-oriented investors who can accept equity volatility but want active hedging and short overlays.
Risk
Very High
Target
10-16% p.a.
Horizon
3Y+
Redemption
As per SID
Fundamental equity selection with systematic hedging
Best for: Growth-oriented investors who can accept equity volatility but want active hedging and short overlays.
Risk
Very High
Target
10-16% p.a.
Horizon
3Y+
Redemption
As per SID
Dynamic equity allocation with tactical short positions
Best for: Growth-oriented investors who can accept equity volatility but want active hedging and short overlays.
Risk
Very High
Target
10-16% p.a.
Horizon
3Y+
Redemption
As per SID
Long-biased (80–100% equity) with ≤25% unhedged short
Best for: Growth-oriented investors who can accept equity volatility but want active hedging and short overlays.
Risk
Very High
Target
10-16% p.a.
Horizon
3Y+
Redemption
As per SID
Multi-factor quant + macro-driven allocation
Best for: Growth-oriented investors who can accept equity volatility but want active hedging and short overlays.
Risk
Very High
Target
10-16% p.a.
Horizon
3Y+
Redemption
As per SID
Long-biased equity strategy across market caps with derivatives overlay
Best for: Growth-oriented investors who can accept equity volatility but want active hedging and short overlays.
Risk
Very High
Target
10-16% p.a.
Horizon
3Y+
Redemption
As per SID
Long-biased equity (80–100%) with ≤25% unhedged short via derivatives
Best for: Growth-oriented investors who can accept equity volatility but want active hedging and short overlays.
Risk
Very High
Target
10-16% p.a.
Horizon
3Y+
Redemption
As per SID
Active multi-cap long/short on F&O universe with ≤25% unhedged short
Best for: Growth-oriented investors who can accept equity volatility but want active hedging and short overlays.
Risk
Very High
Target
10-16% p.a.
Horizon
3Y+
Redemption
As per SID
Open-ended listed-equity strategy with limited derivative short exposure
Best for: Growth-oriented investors who can accept equity volatility but want active hedging and short overlays.
Risk
High
Target
10-16% p.a.
Horizon
3Y+
Redemption
Monday & Wednesday
Mid/small-cap alpha (65-100% ex-top 100) with <=25% unhedged short via derivatives
Best for: Investors seeking mid- and small-cap alpha with derivatives-led risk management.
Risk
Very High
Target
12-15% p.a.
Horizon
3Y+
Redemption
Daily (business days)
Mid + small cap long-short with up to 25% unhedged short via derivatives
Best for: Investors seeking mid- and small-cap alpha with derivatives-led risk management.
Risk
High
Target
12-15% p.a.
Horizon
3Y+
Redemption
2x per week
Mid/small-cap alpha with systematic short overlay
Best for: Investors seeking mid- and small-cap alpha with derivatives-led risk management.
Risk
Very High
Target
12-15% p.a.
Horizon
3Y+
Redemption
As per SID
Quant ex-top-100 long-short with derivative hedging
Best for: Investors seeking mid- and small-cap alpha with derivatives-led risk management.
Risk
Very High
Target
12-15% p.a.
Horizon
3Y+
Redemption
As per SID
Mid/small-cap alpha (65–100% ex-top 100) with ≤25% unhedged short via derivatives
Best for: Investors seeking mid- and small-cap alpha with derivatives-led risk management.
Risk
Very High
Target
12-15% p.a.
Horizon
3Y+
Redemption
As per SID
Open-ended equity strategy investing primarily outside the top 100 by market capitalisation, with limited derivative short exposure
Best for: Investors seeking mid- and small-cap alpha with derivatives-led risk management.
Risk
High
Target
12-15% p.a.
Horizon
3Y+
Redemption
Weekly
Open-ended Ex-Top 100 equity strategy with limited derivative short exposure
Best for: Investors seeking mid- and small-cap alpha with derivatives-led risk management.
Risk
High
Target
12-15% p.a.
Horizon
3Y+
Redemption
Monday & Wednesday
Concentrated in 4 of 12 sectors with derivatives short overlay
Best for: Investors comfortable with concentrated sector calls and tactical rebalancing.
Risk
Very High
Target
Cycle-dependent
Horizon
3Y+
Redemption
As per SID
Interval multi-asset strategy across equity, debt, commodity derivatives and InvITs
Best for: Investors who prefer dynamic allocation across equity, debt, commodities, arbitrage, and hedges.
Risk
AMFI Risk Band Level 2
Target
~10% p.a.
Horizon
2Y+
Redemption
Weekly (Monday)
Dynamic multi-asset across equity, debt, gold, silver, InvITs
Best for: Investors who prefer dynamic allocation across equity, debt, commodities, arbitrage, and hedges.
Risk
High
Target
~10% p.a.
Horizon
2Y+
Redemption
As per SID
Dynamic asset allocation across equity, debt, commodities
Best for: Investors who prefer dynamic allocation across equity, debt, commodities, arbitrage, and hedges.
Risk
High
Target
~10% p.a.
Horizon
2Y+
Redemption
As per SID
Quant-driven tactical allocation with long-short overlay
Best for: Investors who prefer dynamic allocation across equity, debt, commodities, arbitrage, and hedges.
Risk
High
Target
~10% p.a.
Horizon
2Y+
Redemption
As per SID
Interval active asset allocation long-short strategy
Best for: Investors who prefer dynamic allocation across equity, debt, commodities, arbitrage, and hedges.
Risk
As per SID
Target
~10% p.a.
Horizon
2Y+
Redemption
As per SID
SIFPrime Tip: With 37 funds across 18 AMCs and 5strategy categories, choosing the right SIF requires matching your risk appetite, return expectations, liquidity needs, and tax horizon. Use SIFPrime's comparison tool to filter by category, risk level, and target return.
| Fund | AMC | Category | Status | Risk | Target Return | Min Horizon |
|---|---|---|---|---|---|---|
| Prism Hybrid Long-Short | Jio BlackRock Mutual Fund | Hybrid Long Short | Live | Moderate | 6.5-10% p.a. | 1.5-2Y+ |
| Infinity Hybrid Long-Short | Kotak Mahindra Mutual Fund | Hybrid Long Short | Live | Moderate | 6.5-10% p.a. | 1.5-2Y+ |
| RedHex Hybrid Long-Short | HSBC Mutual Fund | Hybrid Long Short | Live | Moderate | 6.5-10% p.a. | 1.5-2Y+ |
| Platinum Hybrid Long-Short | Mirae Asset Mutual Fund | Hybrid Long Short | Live | Moderate | 6.5-10% p.a. | 1.5-2Y+ |
| Altiva Hybrid Long-Short | Edelweiss Mutual Fund | Hybrid Long Short | Live | High | 6.5-10% p.a. | 1.5-2Y+ |
| Magnum Hybrid Long-Short | SBI Mutual Fund | Hybrid Long Short | Live | High | 6.5-10% p.a. | 1.5-2Y+ |
| qSIF Hybrid Long-Short | Quant Mutual Fund | Hybrid Long Short | Live | High | 6.5-10% p.a. | 1.5-2Y+ |
| Titanium Hybrid Long-Short | Tata Mutual Fund | Hybrid Long Short | Live | High | 6.5-10% p.a. | 1.5-2Y+ |
| Arudha Hybrid Long-Short | Bandhan Mutual Fund | Hybrid Long Short | Live | High | 6.5-10% p.a. | 1.5-2Y+ |
| iSIF Hybrid Long-Short | ICICI Prudential | Hybrid Long Short | Live | High | 6.5-10% p.a. | 1.5-2Y+ |
| Apex Hybrid Long-Short | Aditya Birla Sun Life Mutual Fund | Hybrid Long Short | Live | High | 6.5-10% p.a. | 1.5-2Y+ |
| Altiva Equity Long-Short Fund | Edelweiss Mutual Fund | Equity Long Short | Live | AMFI Risk Band Level 3 | 10-16% p.a. | 3Y+ |
| MSIF Equity Long-Short Fund | Mahindra Manulife Mutual Fund | Equity Long Short | NFO · NFO 30 Sep-14 Oct 2026 | AMFI Risk Band Level 5 | 10-16% p.a. | 3Y+ |
| Summit Equity Long-Short | Invesco Mutual Fund | Equity Long Short | Live | Very High | 10-16% p.a. | 3Y+ |
| iSIF Equity Long-Short | ICICI Prudential Mutual Fund | Equity Long Short | Live | Very High | 10-16% p.a. | 3Y+ |
| qSIF Equity Long-Short | Quant Mutual Fund | Equity Long Short | Live | Very High | 10-16% p.a. | 3Y+ |
| Diviniti Equity Long-Short | ITI Mutual Fund | Equity Long Short | Live | Very High | 10-16% p.a. | 3Y+ |
| Dyna Equity Long-Short | 360 ONE Asset | Equity Long Short | Live | Very High | 10-16% p.a. | 3Y+ |
| Arudha Equity Long-Short | Bandhan Mutual Fund | Equity Long Short | Live | Very High | 10-16% p.a. | 3Y+ |
| Sapphire Equity Long-Short | Franklin Templeton | Equity Long Short | Live | Very High | 10-16% p.a. | 3Y+ |
| WSIF Equity Long-Short | The Wealth Company MF | Equity Long Short | Live | Very High | 10-16% p.a. | 3Y+ |
| Titanium Equity Long-Short | Tata Mutual Fund | Equity Long Short | Live | Very High | 10-16% p.a. | 3Y+ |
| Arthaya Equity Long-Short | Union Mutual Fund | Equity Long Short | Live | Very High | 10-16% p.a. | 3Y+ |
| Apex Equity Long-Short Fund | Aditya Birla Sun Life Mutual Fund | Equity Long Short | Live | High | 10-16% p.a. | 3Y+ |
| DynaSIF Ex-Top 100 Long-Short | 360 ONE Asset | Equity Ex-Top 100 | Live | Very High | 12-15% p.a. | 3Y+ |
| Altiva Ex-Top 100 Long-Short | Edelweiss Mutual Fund | Equity Ex-Top 100 | Live | High | 12-15% p.a. | 3Y+ |
| iSIF Ex-Top 100 Long-Short | ICICI Prudential | Equity Ex-Top 100 | Live | Very High | 12-15% p.a. | 3Y+ |
| qSIF Ex-Top 100 Long-Short | Quant Mutual Fund | Equity Ex-Top 100 | Live | Very High | 12-15% p.a. | 3Y+ |
| WSIF Ex-Top 100 Long-Short | The Wealth Company MF | Equity Ex-Top 100 | Live | Very High | 12-15% p.a. | 3Y+ |
| Magnum Equity Ex-Top 100 Long Short Fund | SBI Mutual Fund | Equity Ex-Top 100 | Live | High | 12-15% p.a. | 3Y+ |
| Apex Equity Ex-Top 100 Long-Short Fund | Aditya Birla Sun Life Mutual Fund | Equity Ex-Top 100 | Live | High | 12-15% p.a. | 3Y+ |
| qSIF Sector Rotation Long-Short | Quant Mutual Fund | Sector Rotation | Live | Very High | Cycle-dependent | 3Y+ |
| Titanium Active Asset Allocator Long-Short Fund | Tata Mutual Fund | Active Asset Allocator | NFO closed 7 Oct 2026; awaiting published NAV | AMFI Risk Band Level 2 | ~10% p.a. | 2Y+ |
| iSIF Active Asset Allocator | ICICI Prudential Mutual Fund | Active Asset Allocator | Live | High | ~10% p.a. | 2Y+ |
| Dyna Active Asset Allocator | 360 ONE Asset | Active Asset Allocator | Live | High | ~10% p.a. | 2Y+ |
| qSIF Active Asset Allocator | Quant Mutual Fund | Active Asset Allocator | Live | High | ~10% p.a. | 2Y+ |
| Summit Active Asset Allocator Long-Short Fund | Invesco Mutual Fund | Active Asset Allocator | NFO · NFO 12 Oct-26 Oct 2026 | As per SID | ~10% p.a. | 2Y+ |
Use SIFPrime's comparison tool to find the right SIF for your portfolio.
Every SIF fund page, guide, and comparison on SIFPrime — in one place.
SIFPrime.com is India's first dedicated SIF comparison and distribution platform. For distributor partnerships or investor queries, visit www.sifprime.com.
Disclaimer: This article is for educational purposes only and does not constitute investment advice. SIF investments are subject to market risk. Minimum investment of ₹10 lakh per PAN applies. Please read all Scheme Information Documents carefully before investing.
SIFPrime tracks 37 SIF strategies across 18 AMCs as of July 25, 2026, including 34 live funds and 2 in NFO. The March 2026 market crash (Nifty -11.30%) was the first stress test for the category — and the spread between best and worst Hybrid Long-Short funds was over 8 percentage points, proving that fund selection inside the category matters far more than the category-versus-MF debate.
Three things matter for the rest of the year. First, June's return leaders need to prove that one strong month can persist after costs and through a weaker market. Second, newly allotted funds such as Prism and Summit need enough live NAV history before they can be ranked on performance. Third, category labels must be respected: a Hybrid Long-Short fund and an Equity Long-Short fund can carry very different equity exposure, drawdown and liquidity.
For investors evaluating SIFs today, the headline takeaway is to verify the evidence rather than rely on brand familiarity. Use Alpha Shield v2 only where the dashboard confirms complete, aligned official fund NAV and exact declared TRI history. Pair it with mandate, cost, liquidity, and manager evidence in SIFPrime's side-by-side comparison tool and June 2026 SIF returns comparison to filter on protection quality before brand.
We don't rank SIFs by short-term return — most schemes have less than 12 months of NAV history, and category averages can be misleading when a fund launched into a different market regime. Instead, the editorial picks above are selected on four dimensions:
We exclude funds in NFO from the ranked picks (they have no real-world performance). Methodology is reviewed quarterly; the next review is scheduled for August 2026 after Q1 FY27 returns are published.