Mutual funds set the ball rolling to enter SIF arena

Mutual funds (MFs) are gearing up to venture into specialized investment funds (SIFs) even as more clarity is awaited around key guidelines and the application form.

- ABHISHEK KUMAR

Several prominent asset management companies (AMCs), ranging from large-to mid-sized players such as Nippon India, Axis, Mirae Asset, Edelweiss, and Union, have revealed plans to introduce products in this emerging space. This list includes ICICI Prudential and DSP. Collectively, these firms oversee nearly ₹23 trillion in assets.

AMCs are at varying stages of preparation for this new vertical.

"At Edelweiss MF, our robust in-house research and investment capabilities across equity, debt, and factor strategies give us the confidence to evaluate this space strategically. We have started exploring and working on some strategies, which we will launch in the first phase this year," said Radhika Gupta, MD & CEO, Edelweiss Mutual Fund (MF).