The Indian investment market is expanding, with the Securities and Exchange Board of India (SEBI) introducing new avenues for investors. Mutual Funds (MFs) are accessible for retail investors, while High Net Worth Individuals (HNI) and Family Offices (FO) can explore Portfolio Management Services (PMS) and Alternative Investment Funds (AIF). SEBI proposes a Specialised Investment Fund (SIF) to bridge the gap for investors with moderate capital and higher risk tolerance. SIFs will leverage diverse strategies and require certified fund managers. Taxation frameworks for SIFs are yet to be determined, with expectations for clarification in the Union Budget 2025.