Specialised Investment Fund:
SEBI has introduced a new asset class called Specialised Investment Fund (SIF). It is designed for informed investors willing to take on riskier investments.
- Specialised Investment Fund (SIF) bridges the gap between mutual funds (MFs) and portfolio management services (PMS).
- It requires a minimum investment of Rs 10 lakh, with lower thresholds for accredited investors. SIFs will offer open-ended, close-ended, and interval investment strategies.
- It is a group of investments that share similar characteristics and are governed by the same regulations.
- Example: Equities (stocks), fixed income (bonds), cash and cash equivalents, real estate, commodities, and currencies.
