Specialised Investment Funds (SIFs) may still be a relatively new category, but Radhika Gupta, MD and CEO of Edelweiss Mutual Fund, believes they are rapidly emerging as a versatile investment option for investors seeking greater flexibility beyond traditional mutual funds. Drawing on a Bollywood analogy, Gupta likened SIFs to Shah Rukh Khan—capable of playing different roles, from romance to action, but commanding a premium in the process.
The analogy captures what Gupta sees as the central proposition of SIFs: flexibility. Unlike conventional mutual fund categories that tend to have relatively defined mandates, SIFs give fund managers greater room to deploy strategies involving derivatives, hedging, arbitrage and market views. But Gupta cautioned that this flexibility also means investors need to understand exactly what they are buying rather than treating SIFs as a single, homogeneous category.
