All 14 SIFs in India Ranked and Explained (2025–26)
The only fund-by-fund breakdown of every Specialized Investment Fund launched in India — strategy, risk band, target returns, and who each fund is built for.
SIFPrime.com | Investor Education
India's Specialized Investment Fund (SIF) category is one of the most significant regulatory developments in Indian wealth management in recent years. Positioned between Mutual Funds and Portfolio Management Services (PMS), SIFs allow qualified investors to access institutional-grade long-short strategies, derivatives-based hedging, and multi-asset portfolios — all within a SEBI-regulated framework. The minimum ticket is ₹10 Lakhs per PAN.
As of early 2026, 14 SIF strategies have been launched across leading AMCs. Here is a comprehensive breakdown of every fund currently available.
1. Altiva Hybrid Long-Short Fund — Edelweiss
Altiva is an income-oriented strategy built around cash-future arbitrage (20–40%), fixed income (40–60%), and special situation derivatives including covered calls and straddles. Net equity exposure is capped at 0–15%, making it one of the most conservative SIF offerings. Minimum investment horizon is 1.5 years. Redemption twice a week — Mondays and Wednesdays. Exit load of 0.50% within 180 days.
Best for: Investors seeking FD-beating, low-volatility returns with equity-market participation capped at minimal levels.
2. Apex Hybrid Long-Short Fund — Aditya Birla Sun Life
Apex is an ESF+ strategy combining arbitrage, directional equity, derivative strategies, and special situations. Equity and arbitrage ranges 35–65%, balanced by equal debt. Unhedged short positions permitted up to 25%. Redemption on Monday and Wednesday. Exit load 0.5% within 3 months.
Best for: Investors seeking stable returns through a diversified long-short mandate with limited downside.
3. Arudha Equity Long-Short Fund — Bandhan
Flexicap dynamic long-short strategy targeting equity-like returns at nearly half the volatility. All-cap equity and arbitrage (80–100%), fixed income up to 20%, unhedged short derivatives up to 25%. Daily purchase and redemption. Exit load 0.5% within 1 month.
Best for: Investors transitioning from aggressive hybrid funds wanting equity returns with significantly lower drawdowns.
4. Arudha Hybrid Long-Short Fund — Bandhan
Zero net equity exposure — 100% fixed income and arbitrage. The SIF category's closest substitute for a fixed deposit with LTCG tax advantage after 12 months. Daily purchase; redemption Mon and Thu.
Best for: Fixed income investors seeking better post-tax returns than FDs with near-zero equity risk.
5. Diviniti Equity Long-Short Fund — ITI Mutual Fund
Flexicap dynamic long-short strategy from ITI Mutual Fund. All-cap equity and arbitrage (80–100%), fixed income up to 20%, unhedged short derivatives up to 25%. Daily purchase and redemption. Unique exit load: 10% of units free within 6 months; 0.50% on remaining within 6 months.
Best for: Equity-linked growth investors seeking managed drawdowns across market cycles.
6. DynaSIF Active Asset Allocator Fund — 360 ONE
True multi-asset long-short strategy dynamically allocating across debt (20–65%), equity and REITs (20–50%), and commodity derivatives (0–25%). Covered calls, arbitrage, volatility trades. Redemptions on Mondays only — 7 working days notice required. Exit load 0.5% within 3 months.
Best for: Investors seeking diversified multi-asset exposure with active risk management.
7. DynaSIF Equity Long-Short Fund — 360 ONE
The highest target-return SIF in the current universe. Flexicap long-short with all-cap equity and arbitrage (80–100%), tactical shorts up to 25%. Daily redemption. 3–4 year horizon. Exit load 0.5% within 3 months.
Best for: Sophisticated investors seeking aggressive Flexicap alpha with a smarter approach to India's growth story.
8. iSIF Ex-Top 100 Equity Long-Short Fund — ICICI Prudential
Value-conscious long-short strategy focused on SMID stocks outside India's top 100. Uses covered calls, straddles, strangles, pair trades. Daily redemption. Exit load 1% within 1 year.
Best for: Mid and small-cap investors seeking alpha with active risk management.
9. iSIF Hybrid Long-Short Fund — ICICI Prudential
BAF+ strategy with dynamic net equity from -7.5% to 75%. Covered calls, stock puts, arbitrage. Unhedged shorts capped at 10%. Daily redemption. Exit load 1% within 1 year.
Best for: Equity-like returns with 50–70% lower drawdown than pure equity funds.
10. Magnum Hybrid Long-Short Fund — SBI
Conservative hybrid using collars, covered calls, arbitrage. Net equity typically below 10–15%. Redemption Mon and Thu. Exit load tiered: 0.5% ≤15 days, 0.25% ≤1 month, nil after.
Best for: All-weather investors seeking consistent low-volatility returns backed by India's largest AMC.
11. Titanium Hybrid Long-Short Fund — Tata
Dynamic hybrid across equities, debt, REITs, InvITs with tactical long-short derivatives. Unhedged shorts up to 25%. Monthly redemption (first working day). Exit load 1% within 1 year.
Best for: Premium investors seeking BAF-type returns with Tata's institutional investment framework.
12. QSIF Long-Short Equity Fund — Quant
Quant's proprietary VLRT framework applied to long-short equity. All-cap equity and arbitrage (65–100%), longs up to 35%, shorts up to 25%. Daily redemption. Exit load 1% within 15 days.
Best for: Investors seeking Flexicap long-short with Quant's data-driven systematic approach.
13. QSIF Hybrid Long-Short Fund — Quant
Systematic long-short hybrid using MARCOV framework and High Frequency Analytics. Redemption Tue and Wed. LTCG applies after 24 months — unique in the category.
Best for: Systematic/quant investors seeking BAF-type returns with model-driven execution.
14. QSIF Equity Ex-Top 100 Long-Short Fund — Quant
SMID-focused SIF with Quant's VLRT framework. SMID equity and arbitrage (65–100%), unhedged longs and shorts via derivatives. Daily redemption. Exit load 1% within 15 days.
Best for: SMID investors seeking systematic, data-driven alpha generation outside India's top 100 stocks.
SIFPrime Tip: With 14 funds across 5 AMCs and 3 strategy types, choosing the right SIF requires matching your risk appetite, return expectations, liquidity needs, and tax horizon. Use SIFPrime's comparison tool to filter by category, risk level, and target return.
Quick Reference: All 14 SIFs at a Glance
| Fund | AMC | Category | Risk | Target Return | Min Horizon |
|---|---|---|---|---|---|
| Altiva | Edelweiss | Hybrid L-S | L1 | 9–10% | 1.5Y+ |
| Apex | ABSLMF | Hybrid L-S | L2 | 8–9% | 1.5–2Y |
| Arudha Equity | Bandhan | Equity L-S | L5 | 12–14% | 2–3Y+ |
| Arudha Hybrid | Bandhan | Hybrid L-S | L2 | 6.5–7% | 1Y+ |
| Diviniti | ITI MF | Equity L-S | L2 | 10–11% | 2–3Y+ |
| DynaSIF AAF | 360 ONE | Multi-Asset | L3 | ~10% | 1–1.5Y+ |
| DynaSIF Equity | 360 ONE | Equity L-S | L5 | 14–16% | 3–4Y+ |
| iSIF Ex-Top 100 | ICICI Pru | Ex-Top 100 L-S | L5 | 12–15% | 3–4Y+ |
| iSIF Hybrid | ICICI Pru | Hybrid L-S | L5 | 11–12% | 2Y+ |
| Magnum | SBI | Hybrid L-S | L1 | 8–10% | 2Y+ |
| Titanium | Tata | Hybrid L-S | L3 | 8–10% | 2Y+ |
| QSIF Equity | Quant | Equity L-S | L5 | 10–12% | 3Y+ |
| QSIF Hybrid | Quant | Hybrid L-S | L5 | 9–10% | 2–3Y |
| QSIF Ex-Top 100 | Quant | Ex-Top 100 L-S | L5 | — | 3Y+ |
About SIFPrime
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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. Please read all Scheme Information Documents carefully before investing.