Specialized Investment Fund (SIF) - Introduction of New Asset Class
S pecialized Investment Fund is a new asset class designed for investors looking for advanced investment strategies. It aims to provide a higher ticket investment product to meet the needs of the emerging category of investors. The landscape of investment management in India has significantly evolved over the years, marked by the introduction and development of various investment products. SEBI has adopted a segmented risk-based approach to regulation of these products depending on their complexity, sophistication of target investors, minimum investment size etc. The current range of investment products with varying risk-reward profiles, are intended to meet the investment needs of retail, high net-worth and institutional investors. The regulatory framework and prudential norms governing these investment vehicles become progressively more flexible from Mutual Funds (‘MFs’) to Portfolio Management Services (‘PMS’) to Alternative Investment Funds (‘AIFs’), in sync with the investmen...