Edelweiss AMC Unveils altiva SIF: SEBI’s New Investment Class Bridging Mutual Funds and PMS

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Altiva SIF

Edelweiss Asset Management (Edelweiss AMC) has launched ‘altiva SIF’, its dedicated platform for Specialized Investment Funds (SIFs) business. Edelweiss is one of the first to enter this new asset class as sanctioned by the Securities and Exchange Board of India (SEBI).

Specialized Investment Funds (SIFs) is a structural change in the Indian financial landscape. Conceived by SEBI to fill the gap between traditional Mutual Funds (MFs) and Portfolio Management Services/Alternative Investment Funds (PMS/AIFs), SIFs will provide investors a middle-ground solution: one that offers more portfolio flexibility while maintaining regulatory oversight and investor protection.

Edelweiss AMC has taken the lead in this space with the launch of its ‘altiva SIF’ brand—designed for the next generation of investors who want agile, high-conviction strategies across equity, hybrid and fixed income categories.

According to Radhika Gupta, Managing Director & CEO of Edelweiss Mutual Fund, the launch of altiva SIF is a strategic early entry into a fast evolving investment space. In her statement, Gupta said, “SIF is a powerful bridge between mutual funds and PMS/AIFs, delivering the agility and innovation needed to serve tomorrow’s investors.”

The brand name altiva is derived from “altitude” and means to rise above, see beyond and act with disciplined intent—values embedded in the Edelweiss flower which is known for its resilience in extreme alpine conditions. “Altiva is the pinnacle of investment,” said Gupta.

Edelweiss AMC has got SEBI’s in-person and final approval to enter the SIF market under this new brand. The first SIF offering under this brand is expected to launch in the hybrid category and is pending final SEBI clearance. Once live, it will be one of the first SIFs to be launched in India.

SEBI introduced the SIF framework in a consultation paper in July 2024 and recognized the gap in the investment landscape. These funds will cater to investors with a minimum investment threshold of INR 10 lakh and will offer more advanced and flexible options than SIP-driven mutual funds, including the use of derivatives for active positioning rather than just hedging. Edelweiss’s entry into SIFs is backed by years of building deep capabilities in fundamental, factor-based and fixed income investing. The fund house wants to offer purpose-built solutions to help investors build resilient, adaptive portfolios in a world of increasing market volatility and changing financial goals.

“We have spent years developing our capabilities and now we are excited to shape this new category with high-conviction offerings,” said Gupta.

With Edelweiss leading the way, other major fund houses—Quant, Axis and Nippon—have also announced their plans to enter the SIF space. Gupta expects a lot of new products in the near term and estimates that over 60-70 SIF schemes could be launched across the industry in the next few years as more AMCs get the license.

Edelweiss AMC has issued a cautionary note highlighting that investments in SIFs carry relatively higher risks, including capital loss, liquidity constraints, and market volatility. Investors are urged to conduct thorough due diligence and carefully review scheme-related documents before making allocation decisions.

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The launch of altiva SIF signals more than just a branding exercise—it represents a fundamental shift in the investment ecosystem and Edelweiss’s commitment to redefining portfolio construction for a new era. With SEBI’s blessing and first-mover advantage, Edelweiss AMC is well positioned to shape the evolution of Specialized Investment Funds in India. As investor preferences mature and market complexity grows, platforms like altiva SIF are expected to play a pivotal role in offering customized, dynamic, and regulation-aligned investment solutions that meet the ambitions of India’s next-generation wealth creators.

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