Specialized Investment Funds Cover story Bridging the Gap Between Mutual Funds and PMS in India
Abhishek Wani explains— Specialised Investment Funds (SIFs) are the latest entrant into India’s financial market landscape. Introduced by SEBI and effective from April 1, 2025, these funds aim to bridge the wide gap between traditional mutual funds, which are retail-friendly, and Portfolio Management Services (PMS) or Alternative Investment Funds (AIFs), which are typically reserved for the ultra-wealthy