Which AMCs Offer SIF Funds in India?
As of March 2026, multiple AMCs have launched live SIF schemes in India, with more pending SEBI approval. Major players include Quant, Edelweiss, SBI, 360 ONE, and ICICI Prudential.
What you'll learn
Key Takeaway
As of March 2026, multiple AMCs including Quant, Edelweiss, SBI, 360 ONE, and ICICI Prudential have launched live SIF schemes in India. AMCs qualify through either 3 years of operation with ₹10,000 crore average AUM, or an alternate CIO-led route. The list continues to expand as more AMCs receive SEBI approval.
Overview
Since SEBI introduced the SIF framework in February 2025, multiple AMCs have launched SIF schemes across the seven defined categories. The number of participating AMCs continues to grow as more file for SEBI approval. AMCs may qualify through either route: 3 years of operation with ₹10,000 crore average AUM, or an alternate CIO-led eligibility route under the framework.
View the Live AMC List
SIFscan maintains a current list of all AMCs with active SIF schemes, including the number of schemes, categories, and aggregate AUM for each AMC.
Browse All SIF AMCsCategories of Participating AMCs
The AMCs that have entered the SIF space broadly fall into two groups:
Large AMCs
AMCs with large mutual fund AUMs that are leveraging their existing infrastructure, distribution networks, and brand recognition to enter the SIF category. These AMCs typically launch across multiple SIF categories simultaneously.
Specialist AMCs
AMCs that may have specific expertise in long-short strategies, derivatives, or alternative investment approaches. These AMCs may focus on fewer SIF categories where their investment team has demonstrable capability.
AMC Eligibility Criteria
SEBI has set specific eligibility requirements for AMCs to launch SIF schemes:
- Route 1: Minimum 3 years of operation as a SEBI-registered mutual fund AMC with ₹10,000 crore average AUM
- Route 2: Alternate CIO-led eligibility route under SEBI's SIF framework
- Compliance: Clean compliance record with no pending adverse SEBI orders
- Infrastructure: Demonstrated ability to manage derivatives-based strategies, including risk management and compliance systems
An Evolving Landscape
The SIF category is still in its early phase. New AMCs continue to file for SIF approvals, and existing SIF AMCs are launching additional schemes across categories. The competitive landscape will likely shift as more AMCs enter and as track records develop. SIFscan's AMC directory and fund listings are updated as new schemes are launched and new data becomes available.
Frequently Asked Questions
Which AMCs currently offer Specialised Investment Funds in India?
AMCs that have launched or announced SIFs include Mirae Asset, Motilal Oswal, Bandhan, Helios, Altiva, Quant, SBI Funds, Edelweiss, 360 ONE, DSP, and others. The list is expanding as more AMCs receive SEBI approval. Visit SIFscan's fund universe for the most current and complete list.
What are the eligibility criteria for an AMC to launch SIFs?
Per SEBI's February 2025 SIF framework, AMCs may qualify through either route: (1) at least 3 years of operation with ₹10,000 crore average AUM, or (2) an alternate CIO-led eligibility route. SEBI approval is required for each SIF application. AMCs with recent mergers/acquisitions may use the combined track record.
How many SIF schemes can one AMC launch?
SEBI permits AMCs to launch SIF schemes across all 7 defined categories. There is no explicit cap on the number of schemes per AMC per category, though SEBI's broader mutual fund consolidation stance may influence approvals. Some AMCs have already launched 2-4 schemes across different categories.
Is the AMFI-registered SIF universe publicly available?
Yes. SEBI mandates that all SIF NAVs be published on the AMFI website daily, similar to mutual fund NAVs. Monthly AUM data, category-level flows, and risk band disclosures are also published. SIFscan aggregates and presents this data in a structured, searchable format.
Can foreign AMCs offer SIFs in India?
Foreign-sponsored AMCs that operate as Indian mutual fund houses (registered with SEBI) and meet the eligibility criteria are eligible to launch SIFs. For example, Mirae Asset (Korea-sponsored) qualifies. The Indian mutual fund regulations apply universally regardless of the AMC's parent company origin.
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This content is for educational purposes only and does not constitute investment advice. Regulatory frameworks may change. Always verify with official SEBI circulars and consult a qualified financial advisor before investing. Last updated: March 2026.