The Securities and Exchange Board of India (Sebi) has established a Specialized Investment Fund (SIF) framework aimed at providing sophisticated investors with flexible investment options while maintaining regulatory oversight. Effective from April 1, 2025, mutual funds can create SIFs if they have operated for at least three years with a minimum average AUM of Rs 10,000 crore. SIFs must maintain distinct branding, including separate names and logos. They will offer various investment strategies across equity, debt, and hybrid categories, with a minimum investment threshold of Rs 10 lakh per investor, and specific investment restrictions apply.