Specialised Investment Funds (SIFs) have been introduced by which organisation?

Question

Examoogle · Accepted Answer

The correct answer is Option A: Securities and Exchange Board of India (SEBI). SEBI introduced Specialised Investment Funds (SIFs) to bridge gap between mutual funds and PMS

Step-by-Step Solution & Concepts:
Key Fact: SEBI introduced Specialised Investment Funds (SIFs) to bridge gap between mutual funds and PMS

Context: The Securities and Exchange Board of India (SEBI) introduced the Specialised Investment Funds (SIFs) framework through amendments to the SEBI (Mutual Funds) Regulations, 1996, aiming to bridge the gap between mutual funds and Portfolio Management Services (PMS). This move enables investors to access more sophisticated investment strategies within a structured and transparent regulatory environment.

Key Facts: SEBI introduced SIFs in February 2025; Specialised Investment Funds (SIFs) crossed ₹13,814 crore in Assets Under Management (AUM) shortly after their introduction; The framework allows SIFs to use advanced investment strategies, including long-short equity, sector rotations, and dynamic asset allocation; Only one investment strategy per category is permitted for each SIF

Answer: A is correct — The Securities and Exchange Board of India (SEBI) introduced Specialised Investment Funds (SIFs) to bridge the gap between mutual funds and Portfolio Management Services (PMS).

Exam Tip: SEBI's introduction of SIFs can be remembered in conjunction with the Insurance Regulatory and Development Authority of India (IRDAI), which also introduced a new regulatory framework to govern health insurance products in 2024.

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