In this conversation, Ritwik Sinha, Product Head at Sundaram Mutual, speaks with our Senior Fund Manager Madanagopal Ramu about Sundaram Select Ex Top 100 SIF, its concentrated stock selection approach across mid, small and micro caps, the role of derivatives, and the growth opportunities shaping its investment approach.
SIFs offer greater flexibility in strategy implementation, allowing certain strategies to use investment tools and approaches beyond those typically available to conventional mutual fund schemes.
Provides access to investment strategies designed to pursue opportunities across market conditions, while maintaining a disciplined approach to portfolio construction and risk management.
As a Specialized Investment Fund regulated by SEBI, Select SIF offers transparency through mandatory disclosures, periodic reporting, and adherence to investment mandates.
New Fund Offer
Open
An open-ended equity investment strategy investing in equity and equity related instruments, with the flexibility to include limited short exposure in equity through derivative instruments of Ex - top 100 stocks.
NFO Period
Risk
| Specialized Investment Funds | Mutual Funds (MF) | Portfolio Management Services (PMS) | Alternative Investment Fund (AIF) | |
|---|---|---|---|---|
| Target Investors | Affluent 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 | ₹100 (SIP & Lumpsum) | ₹50 lakh | ₹1 crore |
| Structure | Hybrid between MF & PMS/AIF, retains Mutual Fund-like taxation | Pooled, SEBI-regulated investment vehicle | Separately managed, direct stock ownership | Pooled, privately placed schemes |
| Taxation | Similar to Mutual Funds (depending on asset class) | Tax-efficient with indexation & capital gain benefits | Based on individual security treatment | Pass-through taxation depending on category |
| Liquidity | Moderate (depends on strategy) | High (open-ended) | Moderate (subject to exit load/notice period) | Low (typically closed-ended) |
| Suitability | Investors wanting flexibility with a tax-efficient wrapper | Beginners & long-term retail investors | HNIs seeking active and customised portfolio control | Sophisticated investors aiming for higher returns with higher risk appetite |
We've put together the most common questions we get asked about Specialized Investment Funds (SIFs).
