Investor education

SIF Redemption Rules India: Can You Exit Whenever You Want?

Daily exits, twice-a-week windows, monthly lock-ins — the complete liquidity guide for all 33 Specialized Investment Funds before you invest a single rupee.

Before you invest ₹10 Lakhs into a Specialized Investment Fund, you need to understand exactly how and when you can get your money back. Unlike a regular mutual fund where you can redeem any business day, SIFs have a more varied liquidity profile. This guide explains every redemption mechanic currently in operation across all 33 SIFs.

Flexible liquidity

Open-Ended SIFs — Redeem Any Business Day

Open-ended SIFs allow purchase and redemption on any business day, like a conventional mutual fund. These include: Arudha Equity Long-Short (Bandhan), Diviniti Equity Long-Short (ITI MF), DynaSIF Equity Long-Short (360 ONE), iSIF Ex-Top 100 (ICICI Pru), iSIF Hybrid (ICICI Pru), QSIF Equity (Quant), and QSIF Ex-Top 100 (Quant). If liquidity is your priority, these funds give you maximum flexibility.

Planned liquidity

Interval SIFs — Fixed Redemption Windows

Interval SIFs restrict redemptions to specific pre-defined days each week or month. This allows fund managers to execute illiquid long-short and derivative strategies without being forced to liquidate positions at inopportune times. It requires planning from investors.

All tracked funds

Complete Redemption Windows by Fund

Fund names link to the detailed SIF page. NFO rows show the published pre-launch terms available in the canonical directory.

DynaSIF Active Asset Allocator

AMC: 360 ONE Mutual Fund
Strategy: Active Asset Allocator
Redemption window: Weekly
Settlement: T+3
Exit load: 0.50% if redeemed within 90 days

qSIF Active Asset Allocator Long-Short

AMC: Quant Mutual Fund
Strategy: Active Asset Allocator
Redemption window: Tuesday & Wednesday
Settlement: T+3
Exit load: 1% if redeemed within 15 days; Nil after

iSIF Active Asset Allocator Long-Short

AMC: ICICI Prudential
Strategy: Active Asset Allocator Long-Short
Redemption window: Twice weekly (Mon, Wed)
Settlement: T+3
Exit load: 1% if redeemed within 12 months

Apex Equity Ex-Top 100 Long-Short

AMC: Aditya Birla Sun Life Mutual Fund
Strategy: Equity Ex-Top 100 · NFO
Redemption window: As per ISID
Settlement: As per ISID
Exit load: As per ISID

DynaSIF Equity Ex-Top 100 Long-Short

AMC: 360 ONE Mutual Fund
Strategy: Equity Ex-Top 100
Redemption window: Daily (business days)
Settlement: T+3
Exit load: 0.50% if redeemed within 3 months; Nil after

iSIF Ex-Top 100

AMC: ICICI Prudential
Strategy: Equity Ex-Top 100
Redemption window: Weekly
Settlement: T+3
Exit load: 0.50% if redeemed within 90 days

Magnum Equity Ex-Top 100 Long Short

AMC: SBI Mutual Fund
Strategy: Equity Ex-Top 100 · NFO
Redemption window: As per ISID
Settlement: As per ISID
Exit load: As per ISID

qSIF Ex-Top 100

AMC: Quant Mutual Fund
Strategy: Equity Ex-Top 100
Redemption window: Weekly
Settlement: T+3
Exit load: 0.50% if redeemed within 90 days

WSIF Ex-Top 100 Long-Short

AMC: The Wealth Company MF
Strategy: Equity Ex-Top 100
Redemption window: Weekly
Settlement: T+3
Exit load: 0.50% if redeemed within 90 days

Altiva Equity Ex-Top 100 Long-Short

AMC: Edelweiss
Strategy: Equity Ex-Top 100 Long-Short
Redemption window: Daily
Settlement: T+3
Exit load: 0.50% if redeemed within 90 days

Apex Equity Long-Short

AMC: Aditya Birla Sun Life Mutual Fund
Strategy: Equity Long Short · NFO
Redemption window: As per ISID
Settlement: As per ISID
Exit load: As per ISID

Arthaya Equity Long-Short

AMC: Union Mutual Fund
Strategy: Equity Long Short
Redemption window: Daily (business days)
Settlement: T+3
Exit load: 1% if redeemed within 1 year; Nil after

Arudha Equity Long-Short

AMC: Bandhan Mutual Fund
Strategy: Equity Long Short
Redemption window: Daily
Settlement: T+3
Exit load: 0.50% if redeemed within 30 days; Nil after

Diviniti Equity Long-Short

AMC: ITI Mutual Fund
Strategy: Equity Long Short
Redemption window: Weekly
Settlement: T+3
Exit load: 0.50% if redeemed within 90 days

DynaSIF Equity Long-Short

AMC: 360 ONE Mutual Fund
Strategy: Equity Long Short
Redemption window: Weekly
Settlement: T+3
Exit load: 0.50% if redeemed within 90 days

qSIF Equity Long-Short

AMC: Quant Mutual Fund
Strategy: Equity Long Short
Redemption window: Weekly
Settlement: T+3
Exit load: 0.50% if redeemed within 90 days

Sapphire Equity Long-Short

AMC: Franklin Templeton
Strategy: Equity Long Short
Redemption window: Weekly
Settlement: T+3
Exit load: 0.50% if redeemed within 90 days

Summit Equity Long-Short

AMC: Invesco Mutual Fund
Strategy: Equity Long Short
Redemption window: Daily - units not proposed to be listed
Settlement: T+3
Exit load: 0.50% if redeemed within 3 months; Nil after

Titanium Equity Long-Short

AMC: Tata Mutual Fund
Strategy: Equity Long Short
Redemption window: Weekly
Settlement: T+3
Exit load: 0.50% if redeemed within 90 days

WSIF Equity Long-Short

AMC: The Wealth Company MF
Strategy: Equity Long Short
Redemption window: Weekly
Settlement: T+3
Exit load: 0.50% if redeemed within 90 days

iSIF Equity Long-Short

AMC: ICICI Prudential
Strategy: Equity Long-Short
Redemption window: Daily
Settlement: T+3
Exit load: 1% if redeemed within 12 months

Altiva Hybrid Long-Short

AMC: Edelweiss
Strategy: Hybrid Long Short
Redemption window: 2x per week (Mon & Wed)
Settlement: T+3
Exit load: 0.50% if redeemed within 90 days

Apex Hybrid Long-Short

AMC: Aditya Birla Sun Life Mutual Fund
Strategy: Hybrid Long Short
Redemption window: Weekly
Settlement: T+3
Exit load: 0.50% if redeemed within 90 days

Arudha Hybrid Long-Short

AMC: Bandhan Mutual Fund
Strategy: Hybrid Long Short
Redemption window: Weekly
Settlement: T+3
Exit load: 0.50% if redeemed within 90 days

Infinity Hybrid Long-Short

AMC: Kotak Mahindra Mutual Fund
Strategy: Hybrid Long Short
Redemption window: Twice weekly (Mon & Wed) - NSE + BSE listing proposed
Settlement: T+3
Exit load: Nil

iSIF Hybrid Long-Short

AMC: ICICI Prudential
Strategy: Hybrid Long Short
Redemption window: Daily
Settlement: T+3
Exit load: 0.50% if redeemed within 90 days

Magnum Hybrid Long-Short

AMC: SBI Mutual Fund
Strategy: Hybrid Long Short
Redemption window: Weekly
Settlement: T+3
Exit load: 0.50% if redeemed within 90 days

Platinum Hybrid Long-Short

AMC: Mirae Asset
Strategy: Hybrid Long Short
Redemption window: Twice a week (Mon & Thu)
Settlement: T+3
Exit load: 1% if redeemed within 90 days

Prism Hybrid Long-Short

AMC: Jio BlackRock Mutual Fund
Strategy: Hybrid Long Short
Redemption window: Twice weekly (Mon & Wed) - NSE listing proposed
Settlement: T+3
Exit load: Nil

qSIF Hybrid Long-Short

AMC: Quant Mutual Fund
Strategy: Hybrid Long Short
Redemption window: Tuesday & Wednesday
Settlement: T+3
Exit load: 1% if redeemed within 15 days; Nil after

RedHex Hybrid Long-Short

AMC: HSBC Mutual Fund
Strategy: Hybrid Long Short
Redemption window: Weekly (Mon, 10-working-day notice) - NSE listed
Settlement: T+3
Exit load: 2% if redeemed within 1 year; Nil after

Titanium Hybrid Long-Short

AMC: Tata Mutual Fund
Strategy: Hybrid Long Short
Redemption window: Weekly
Settlement: T+3
Exit load: 0.50% if redeemed within 90 days

qSIF Sector Rotation Long-Short

AMC: Quant Mutual Fund
Strategy: Sector Rotation
Redemption window: Weekly
Settlement: T+3
Exit load: 1% if redeemed within 15 days; Nil after

Redemption windows, settlement timelines and exit loads for 33 Specialized Investment Funds
Fund	AMC	Strategy	Redemption window	Settlement	Exit load
DynaSIF Active Asset Allocator	360 ONE Mutual Fund	Active Asset Allocator	Weekly	T+3	0.50% if redeemed within 90 days
qSIF Active Asset Allocator Long-Short	Quant Mutual Fund	Active Asset Allocator	Tuesday & Wednesday	T+3	1% if redeemed within 15 days; Nil after
iSIF Active Asset Allocator Long-Short	ICICI Prudential	Active Asset Allocator Long-Short	Twice weekly (Mon, Wed)	T+3	1% if redeemed within 12 months
Apex Equity Ex-Top 100 Long-Short	Aditya Birla Sun Life Mutual Fund	Equity Ex-Top 100 · NFO	As per ISID	As per ISID	As per ISID
DynaSIF Equity Ex-Top 100 Long-Short	360 ONE Mutual Fund	Equity Ex-Top 100	Daily (business days)	T+3	0.50% if redeemed within 3 months; Nil after
iSIF Ex-Top 100	ICICI Prudential	Equity Ex-Top 100	Weekly	T+3	0.50% if redeemed within 90 days
Magnum Equity Ex-Top 100 Long Short	SBI Mutual Fund	Equity Ex-Top 100 · NFO	As per ISID	As per ISID	As per ISID
qSIF Ex-Top 100	Quant Mutual Fund	Equity Ex-Top 100	Weekly	T+3	0.50% if redeemed within 90 days
WSIF Ex-Top 100 Long-Short	The Wealth Company MF	Equity Ex-Top 100	Weekly	T+3	0.50% if redeemed within 90 days
Altiva Equity Ex-Top 100 Long-Short	Edelweiss	Equity Ex-Top 100 Long-Short	Daily	T+3	0.50% if redeemed within 90 days
Apex Equity Long-Short	Aditya Birla Sun Life Mutual Fund	Equity Long Short · NFO	As per ISID	As per ISID	As per ISID
Arthaya Equity Long-Short	Union Mutual Fund	Equity Long Short	Daily (business days)	T+3	1% if redeemed within 1 year; Nil after
Arudha Equity Long-Short	Bandhan Mutual Fund	Equity Long Short	Daily	T+3	0.50% if redeemed within 30 days; Nil after
Diviniti Equity Long-Short	ITI Mutual Fund	Equity Long Short	Weekly	T+3	0.50% if redeemed within 90 days
DynaSIF Equity Long-Short	360 ONE Mutual Fund	Equity Long Short	Weekly	T+3	0.50% if redeemed within 90 days
qSIF Equity Long-Short	Quant Mutual Fund	Equity Long Short	Weekly	T+3	0.50% if redeemed within 90 days
Sapphire Equity Long-Short	Franklin Templeton	Equity Long Short	Weekly	T+3	0.50% if redeemed within 90 days
Summit Equity Long-Short	Invesco Mutual Fund	Equity Long Short	Daily - units not proposed to be listed	T+3	0.50% if redeemed within 3 months; Nil after
Titanium Equity Long-Short	Tata Mutual Fund	Equity Long Short	Weekly	T+3	0.50% if redeemed within 90 days
WSIF Equity Long-Short	The Wealth Company MF	Equity Long Short	Weekly	T+3	0.50% if redeemed within 90 days
iSIF Equity Long-Short	ICICI Prudential	Equity Long-Short	Daily	T+3	1% if redeemed within 12 months
Altiva Hybrid Long-Short	Edelweiss	Hybrid Long Short	2x per week (Mon & Wed)	T+3	0.50% if redeemed within 90 days
Apex Hybrid Long-Short	Aditya Birla Sun Life Mutual Fund	Hybrid Long Short	Weekly	T+3	0.50% if redeemed within 90 days
Arudha Hybrid Long-Short	Bandhan Mutual Fund	Hybrid Long Short	Weekly	T+3	0.50% if redeemed within 90 days
Infinity Hybrid Long-Short	Kotak Mahindra Mutual Fund	Hybrid Long Short	Twice weekly (Mon & Wed) - NSE + BSE listing proposed	T+3	Nil
iSIF Hybrid Long-Short	ICICI Prudential	Hybrid Long Short	Daily	T+3	0.50% if redeemed within 90 days
Magnum Hybrid Long-Short	SBI Mutual Fund	Hybrid Long Short	Weekly	T+3	0.50% if redeemed within 90 days
Platinum Hybrid Long-Short	Mirae Asset	Hybrid Long Short	Twice a week (Mon & Thu)	T+3	1% if redeemed within 90 days
Prism Hybrid Long-Short	Jio BlackRock Mutual Fund	Hybrid Long Short	Twice weekly (Mon & Wed) - NSE listing proposed	T+3	Nil
qSIF Hybrid Long-Short	Quant Mutual Fund	Hybrid Long Short	Tuesday & Wednesday	T+3	1% if redeemed within 15 days; Nil after
RedHex Hybrid Long-Short	HSBC Mutual Fund	Hybrid Long Short	Weekly (Mon, 10-working-day notice) - NSE listed	T+3	2% if redeemed within 1 year; Nil after
Titanium Hybrid Long-Short	Tata Mutual Fund	Hybrid Long Short	Weekly	T+3	0.50% if redeemed within 90 days
qSIF Sector Rotation Long-Short	Quant Mutual Fund	Sector Rotation	Weekly	T+3	1% if redeemed within 15 days; Nil after

Before you redeem

Liquidity Cases That Need Extra Planning

The DynaSIF AAF Special Case: 7 Working Days' Notice

DynaSIF Active Asset Allocator Fund (360 ONE) requires 7 working days' advance notice before the Monday redemption. This is the most restrictive liquidity structure in the current SIF universe. Missing the window means waiting for the following Monday after your full notice period.

Titanium's Monthly Redemption: The Most Illiquid SIF

Tata's Titanium Hybrid Long-Short Fund allows redemptions only on the first working day of each month. Miss that window and you wait an entire month. Factor this into liquidity planning before investing.

No Partial Withdrawals — The Critical Rule

Unlike mutual funds, SIFs do not allow partial withdrawals. When you redeem, you exit your full position in that strategy. This is a structural consequence of the ₹10 Lakh per PAN minimum and the nature of long-short fund management. Investors needing regular cash flows must plan liquidity entirely outside their SIF allocation.

Compare liquidity, strategy, returns and costs

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 Lakhs per PAN applies.

Open-Ended SIFs — Redeem Any Business Day

Fund

AMC

Strategy

Redemption window

Settlement

Exit load

DynaSIF Active Asset Allocator

360 ONE Mutual Fund

Active Asset Allocator

Weekly

T+3

0.50% if redeemed within 90 days

qSIF Active Asset Allocator Long-Short

Quant Mutual Fund

Active Asset Allocator

Tuesday & Wednesday

T+3

1% if redeemed within 15 days; Nil after

iSIF Active Asset Allocator Long-Short

ICICI Prudential

Active Asset Allocator Long-Short

Twice weekly (Mon, Wed)

T+3

1% if redeemed within 12 months

Apex Equity Ex-Top 100 Long-Short

Aditya Birla Sun Life Mutual Fund

Equity Ex-Top 100 · NFO

As per ISID

DynaSIF Equity Ex-Top 100 Long-Short

360 ONE Mutual Fund

Equity Ex-Top 100

Daily (business days)

T+3

0.50% if redeemed within 3 months; Nil after

iSIF Ex-Top 100

ICICI Prudential

Equity Ex-Top 100

Weekly

T+3

0.50% if redeemed within 90 days

Magnum Equity Ex-Top 100 Long Short

SBI Mutual Fund

Equity Ex-Top 100 · NFO

As per ISID

qSIF Ex-Top 100

Quant Mutual Fund

Equity Ex-Top 100

Weekly

T+3

0.50% if redeemed within 90 days

WSIF Ex-Top 100 Long-Short

The Wealth Company MF

Equity Ex-Top 100

Weekly

T+3

0.50% if redeemed within 90 days

Altiva Equity Ex-Top 100 Long-Short

Edelweiss

Equity Ex-Top 100 Long-Short

Daily

T+3

0.50% if redeemed within 90 days

Apex Equity Long-Short

Aditya Birla Sun Life Mutual Fund

Equity Long Short · NFO

As per ISID

Arthaya Equity Long-Short

Union Mutual Fund

Equity Long Short

Daily (business days)

T+3

1% if redeemed within 1 year; Nil after

Arudha Equity Long-Short

Bandhan Mutual Fund

Equity Long Short

Daily

T+3

0.50% if redeemed within 30 days; Nil after

Diviniti Equity Long-Short

ITI Mutual Fund

Equity Long Short

Weekly

T+3

0.50% if redeemed within 90 days

DynaSIF Equity Long-Short

360 ONE Mutual Fund

Equity Long Short

Weekly

T+3

0.50% if redeemed within 90 days

qSIF Equity Long-Short

Quant Mutual Fund

Equity Long Short

Weekly

T+3

0.50% if redeemed within 90 days

Sapphire Equity Long-Short

Franklin Templeton

Equity Long Short

Weekly

T+3

0.50% if redeemed within 90 days

Summit Equity Long-Short

Invesco Mutual Fund

Equity Long Short

Daily - units not proposed to be listed

T+3

0.50% if redeemed within 3 months; Nil after

Titanium Equity Long-Short

Tata Mutual Fund

Equity Long Short

Weekly

T+3

0.50% if redeemed within 90 days

WSIF Equity Long-Short

The Wealth Company MF

Equity Long Short

Weekly

T+3

0.50% if redeemed within 90 days

iSIF Equity Long-Short

ICICI Prudential

Equity Long-Short

Daily

T+3

1% if redeemed within 12 months

Altiva Hybrid Long-Short

Edelweiss

Hybrid Long Short

2x per week (Mon & Wed)

T+3

0.50% if redeemed within 90 days

Apex Hybrid Long-Short

Aditya Birla Sun Life Mutual Fund

Hybrid Long Short

Weekly

T+3

0.50% if redeemed within 90 days

Arudha Hybrid Long-Short

Bandhan Mutual Fund

Hybrid Long Short

Weekly

T+3

0.50% if redeemed within 90 days

Infinity Hybrid Long-Short

Kotak Mahindra Mutual Fund

Hybrid Long Short

Twice weekly (Mon & Wed) - NSE + BSE listing proposed

T+3

Nil

iSIF Hybrid Long-Short

ICICI Prudential

Hybrid Long Short

Daily

T+3

0.50% if redeemed within 90 days

Magnum Hybrid Long-Short

SBI Mutual Fund

Hybrid Long Short

Weekly

T+3

0.50% if redeemed within 90 days

Platinum Hybrid Long-Short

Mirae Asset

Hybrid Long Short

Twice a week (Mon & Thu)

T+3

1% if redeemed within 90 days

Prism Hybrid Long-Short

Jio BlackRock Mutual Fund

Hybrid Long Short

Twice weekly (Mon & Wed) - NSE listing proposed

T+3

Nil

qSIF Hybrid Long-Short

Quant Mutual Fund

Hybrid Long Short

Tuesday & Wednesday

T+3

1% if redeemed within 15 days; Nil after

RedHex Hybrid Long-Short

HSBC Mutual Fund

Hybrid Long Short

Weekly (Mon, 10-working-day notice) - NSE listed

T+3

2% if redeemed within 1 year; Nil after

Titanium Hybrid Long-Short

Tata Mutual Fund

Hybrid Long Short

Weekly

T+3

0.50% if redeemed within 90 days

qSIF Sector Rotation Long-Short

Quant Mutual Fund

Sector Rotation

Weekly

T+3

1% if redeemed within 15 days; Nil after