New fund launch wave likely in SIF space

Bandhan MF latest to launch SIF, ICICI Pru, 360 One gear up for entry

- ABHISHEK KUMAR

The specialised investment fund (SIF) space is set to witness a pickup in action, with multiple fund houses lining up their debut offerings for launch.

Bandhan Mutual Fund (MF), which will operate its SIF division under the Arudha brand, announced its SIF entry with a hybrid long-short fund on Friday.

ICICI Prudential MF (under iSIF) and 360 ONE MF (under Dyna SIF) have filed the draft documents of their first schemes with the Securities and Exchange Board of India (Sebi).

So far, the newly-introduced scheme segment within the MF universe has seven funds from five fund houses. Quant MF leads in terms of launches with three schemes. SBI MF, Edelweiss MF, ITI MF and Tata MF have launched one scheme each.