Specialised investment funds (SIFs) explained: How they differ from mutual funds, PMS, and AIFs
Specialised investment fund (SIF) is an investment product designed to ll the space between regular mutual fund (MF) and high-ticket vehicles like portfolio management services (PMS) and alternative investment fund (AIF). Sebi launched it in 2025 to give investors ac cess to more sophisticated, concentrated and exible investment strategies within a regulated fund structure.