Welcome to Sanvasify

Your place for information on Specialised Investment Funds

📈 NAV Trends — Historical performance

advanced investment framework

A COMPLETE GUIDE ON SIFs

⚖️ Sophisticated risk management

For experienced investors — emphasizing sophisticated risk management over aggressive leverage.

📋 Context Summary — SEBI-regulated mutual funds offering greater flexibility through ‘long-short’ strategies. Prioritizes risk management over high-leverage returns.

core features & requirements

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₹10 LAKH

Minimum investment
SEBI mandates a higher entry barrier to ensure investors understand these complex financial strategies.

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Enhanced flexibility

Fund managers can use advanced derivative tools to manage risk better than traditional funds.

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Strict no-leverage policy

Funds cannot take positions exceeding their capital, preventing the high-risk outcomes of speculative trading.

strategic risk management

📉 THE LONG-SHORT ADVANTAGE alpha & downside

Managers can profit from both rising markets and falling prices using derivative positions — while maintaining lower volatility than pure long funds.

25% UNHEDGED SHORT CAP

SEBI limits naked short positions to 25% to protect the portfolio from extreme volatility.

🎯 FOCUS ON RISK-ADJUSTED RETURNS

🔒 Downside protection + steady income

SIFs aim for downside protection and steady income rather than “multibagger” or outsized returns. Consistency over speculation.

✔ Long-short flexibility
Generating absolute returns in all market cycles

How SIFs Stack Up Against Other Investment Avenues

Feature	SIF	MF	PMS	AIF
Target Investors	Investors seeking advanced yet tax-efficient strategies	First time to long-term investors	HNIs desiring personalized portfolio management	Ultra-HNIs & Institutions exploring non-traditional assets
Minimum Investment	₹10 Lakh (Across SIF Strategies)	₹5000 (Lumpsum)	₹50 Lakh	₹1 Crore
Structure	Hybrid between MF, PMS, AIF & retains MF-like taxation	Pooled, SEBI-regulated investment vehicle	Separately managed, direct stock ownership	Pooled, privately placed schemes
Taxation at Investor Level	Similar to Mutual Funds, depending on asset class KNOW MORE	Tax-efficient as per the asset class KNOW MORE	Based on individual security treatment	Nil
Taxation at Fund Level	Nil as per Section 10 (23D)	Nil as per Section 10 (23D)	Nil	Cat III - Capital gains @12.5% + Business Income @30% + surcharge + cess
Expense Ratio	Max at 2.25% and 2%	Max at 2.25% and 2%	Management Fee + Performance Fee	Management Fee + Performance Fee
Leverage	NA	NA	NA	Allowed - Gross exposure upto 200%
Derivatives	Naked shorts upto 25% + Hedging	Only for Hedging	Only for Hedging	Allowed

**As per current Income Tax Laws. Please consult your investment / tax adviser before making any investment decision.

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THE LONG-SHORT ADVANTAGE

Managers can profit from both rising markets and falling prices using derivative positions.

📊 25% unhedged short limit

⛔ NO-LEVERAGE POLICY

Funds cannot exceed capital → prevents destructive speculation & margin calls.

🛡️ 25% NAKED SHORT CEILING

SEBI caps naked shorts to protect from extreme volatility events.

Disclaimer: Content on this site is for educational purposes only and does not constitute financial, tax, or legal advice. We are not licensed financial advisors. While NAV data is sourced from the AMFI website, accuracy and completeness are not guaranteed. Always consult with a qualified professional before making investment decisions.