The fund will invest across multiple asset classes, including fixed-income securities, equity arbitrage opportunities, and units of Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs).
The strategy aims to generate regular income and capital appreciation while seeking risk-adjusted returns across market cycles.
Specialised Investment Funds were introduced as an intermediate investment category between traditional mutual funds and higher-ticket investment products such as Portfolio Management Services (PMS) and Alternative Investment Funds (AIFs). These products are designed to offer greater portfolio flexibility while remaining within a mutual fund regulatory framework.
The minimum investment amount for the strategy is ₹10 lakh, while accredited investors can participate with a minimum investment of ₹1 lakh.
According to the fund house, the strategy will follow a diversified allocation approach and focus on generating accrual income with relatively lower volatility. It also plans measured exposure to REITs and InvITs, which have emerged as alternative income-generating asset classes in recent years.
The fund is benchmarked against the NIFTY 50 Hybrid Composite Debt 50:50 Index and is structured as an interval investment fund, allowing subscriptions on any business day and weekly redemption windows.
The launch comes as asset managers continue to expand offerings in the newly introduced SIF segment, targeting investors seeking alternatives between conventional mutual funds and more specialised investment products.