What is the minimum investment threshold for Specialised Investment Funds,  a new category for investments,  introduced by SEBI from 2025?  

In a move to bridge the gap between traditional mutual funds and portfolio management services (PMS), SEBI introduced a new category called  Specialised Investment Funds (SIFs),  effective from April 1, 2025.    With a  minimum investment threshold of ₹10 lakh  and  regulated under SEBI’s mutual fund framework , SIFs cater to individuals and institutions seeking differentiated exposure beyond conventional mutual fund offerings   SIFs offer enhanced portfolio flexibility by allowing sophisticated strategies such as long short positions, sector rotations, and dynamic asset allocation