A Specialised Investment Fund (SIF) is a SEBI-regulated vehicle that blends the characteristics of mutual funds and Alternative Investment Funds (AIFs), designed for high-net-worth individuals (HNIs) and experienced investors with a minimum investment of ₹10 lakh. SIFs bridge the gap between traditional mutual funds and more exclusive products like Portfolio Management Services (PMS) and AIFs, giving fund managers greater flexibility to use a wider range of market strategies within SEBI's regulatory framework.
On Coin, you can invest in open-ended SIF Growth schemes through the Coin app or Coin web.
When were SIFs introduced?
- Late 2024: SEBI introduced SIFs.
- February 2025: SEBI formally released the regulatory framework for SIFs .
- April 2025: The framework became effective, enabling AMCs to launch India's first SIF offerings.
What are the SIF structures?
SIFs are available in two structures:
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|
Interval SIFs | Open-ended SIFs |
| Listing | Mandatorily listed on stock exchanges | Not required to be listed on exchanges |
| Buying and redeeming | Only during predefined intervals set by the fund house, typically twice a week. The fund house announces the specific days in the Scheme Information Document (SID) during the New Fund Offer (NFO) period. | Directly through the fund house on an ongoing basis, similar to regular mutual funds |
| Available on Coin | No | Yes |
How to invest in SIFs on Coin
You can invest in SIFs directly through the Coin app or Coin web. Coin currently offers SIF investments in open-ended Growth Schemes only. Upcoming open-ended SIF NFOs will also be available on Coin during the NFO period.
AMC SIP
The minimum SIP instalment is ₹10 lakh. AMC SIPs below ₹10 lakh are not permitted.
Coin SIP
- Complete a lumpsum initial investment of ₹10 lakh in the SIF scheme and receive unit allotment.
- Once your initial investment is allotted, you can set up a Coin SIP at lower instalment amounts.
- The minimum additional purchase amount is determined by the respective AMC and may vary across schemes.
Redemption conditions and unit freezing
What happens if your SIF investment falls below ₹10 lakh?
If your investment value falls below ₹10 lakh due to partial redemptions, SEBI requires your remaining units to be frozen. Once frozen, you cannot redeem, transfer, or switch your units until the value is restored.
- You have 30 days to make an additional investment in the same scheme and bring your value back to at least ₹10 lakh.
- If you do not restore the value within 30 days, the AMC will automatically redeem all your remaining units and transfer the proceeds to your registered bank account.
- This condition applies to non-accredited investors only.
How to redeem SIF units on Coin
- Open-ended funds: You can place a redemption order through Coin.
- Interval schemes: You can create a ticket and specify the number of units you want to redeem.
- Even though SIFs are listed on the exchange, you cannot trade or redeem them through exchanges at Zerodha.
SIF schemes currently available on Coin
- QSIF Equity Ex-Top 100 Long-Short Fund - Direct Plan - Growth
- QSIF Equity Long-Short Fund - Direct Plan - Growth
- Diviniti Equity Long Short Fund - Direct Plan - Growth
- Arudha Equity Long-Short Fund - Direct Plan - Growth
- iSIF Equity Ex-Top 100 Long-Short Fund - Direct Plan - Growth
- DynaSIF Equity Long-Short Fund - Direct Plan - Growth
- Sapphire Equity Long-Short SIF - Direct Plan - Growth
- WSIF Equity Ex-Top 100 Long-Short Fund - Direct Plan - Growth
- WSIF Equity Long-Short Fund - Direct Plan - Growth
- QSIF Sector Rotation Long-Short Fund - Direct Plan - Growth
- Titanium Equity Long-Short Fund - Direct Plan - Growth
- iSIF Equity Long-Short Fund - Direct Plan - Growth
- Altiva Equity Ex-Top 100 Long-Short Fund - Direct Plan - Growth
- DynaSIF Equity Ex-Top 100 Long-Short Fund - Direct Plan - Growth
- Summit Equity Long-Short Fund - Direct Plan - Growth