Specialized Investment Funds · intermediate
SIF Operations, Tax & Distribution
Investing in and exiting a SIF: KYC and the ₹10 lakh threshold, SIP, SWP and STP, redemption frequency, notice periods and listing, worked tax illustrations (rates as of October 2026), and who may distribute SIF units.
- 01Investing in a SIF — KYC, Threshold, SIP, SWP and STPInvesting in a SIF uses the same KYC as any mutual fund investment, plus one SIF-specific condition: the ₹10 lakh minimum. This lesson covers KYC status, how the threshold is counted, and how SIP, SWP and STP fit in.
- 02Redemption Frequency, Notice Period and ListingHow and when money can be taken out of a SIF strategy: the structures permitted, the redemption frequencies the framework names, the notice period of up to 15 working days, and the listing of close-ended and interval strategies.
- 03SIF Tax — Worked IllustrationsWorked illustrations of how gains from a SIF strategy are taxed under the mutual fund rules of the Income-tax Act, 2025. Rates are as of October 2026; the gains used are assumptions, not forecasts.
- 04Distribution — Certification and RegistrationWho may distribute SIF units: the NISM Series V-D certification required under SEBI's circular of 21 July 2026, the usual AMFI registration (ARN), what became of Series XIII, and what the framework does not require.