SEBI prescribed application and Investment Strategy Information Document (ISID) formats for Specialized Investment Funds on 11 April 2025, effective immediately. The annexures specify the application and strategy disclosures.
Annexure I sets out the application for a mutual fund seeking approval to establish a SIF, including supporting evidence for the applicable eligibility route. Annexure II provides the ISID format.
For investors, the ISID brings together the strategy's investment objective, asset allocation, risks, benchmark, expenses and transaction terms. Read the current scheme document together with subsequent AMC addenda when comparing funds.
Correction dated 30 September 2026: an earlier version incorrectly stated a 15 March 2026 effective date and a 30 June compliance deadline. Those claims have been replaced with the circular's actual date and requirements. The original article publication date is retained.